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HSBC Bank: Secret Origins To Laundering The World's Drug Money
Submitted by the Drug Trafficking & Narco-Terrorism Department of GreatGameIndia
HSBC Bank : Secret Origins To 26/11 Mumbai Attacks
#SwissLeaks what the media has termed it is a trove of secret documents from HSBC’s Swiss private banking arm that reveals names of account holders and their balances for the year 2006-07. They come from over 200 countries, the total balance over $100 billion. But nowhere has the HSBC Swiss list touched off a more raging political debate than in India.
That’s why to obtain and investigate the Indian names, The Indian Express partnered in a three-month-long global project with the Washington-based International Consortium of Investigative Journalists (ICIJ) and the Paris-based Le Monde newspaper. The investigation revealed 1,195 Indian HSBC clients, roughly double the 628 names that French authorities gave to the Government in 2011. The new revelation— published as part of a global agreement — is expected to significantly widen the scale and scope of the ongoing probe by the Special Investigation Team (SIT) appointed by the Supreme Court.
For years, when banks have been caught laundering drug money, they have claimed that they did not know, that they were but victims of sneaky drug dealers and a few corrupt employees. Nothing could be further from the truth. The truth is that a considerable portion of the global banking system is explicitly dedicated to handling the enormous volume of cash produced daily by dope traffickers.
Contrary to popular opinion, it is not “demand” from the world’s population which creates the mind destroying drug trade. Rather, it is the world financial oligarchy, looking for massive profits and the destruction of the minds of the population it is determined to dominate, which organized the drug trade. The case of HSBC underscores that point. Serving as the central bank of this global apparatus, is HSBC.
2009 CIA Map of Drug Trade Routes
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East India Company Origins
The opium trade began in the early 1700s as an official monopoly of the British East India Company, which conquered India, and ran it on behalf of the British Crown and the financiers operating through the City of London. Indian-grown opium became a key component in the trade for tea and silk in China. The East India Company had a thriving business selling British textiles and other manufactured products in India, and selling Chinese silk and tea in Britain. But the Company ran into problems with the opium end of the trade. The influx of opium caused major problems for China, and led the Emperor to issue an edict in 1729 prohibiting opium consumption. Then, in 1757, the Emperor restricted all foreigners and foreign vessels to a trading area in the port city of Canton. A stronger edict in 1799 prohibited the importation and use of opium under penalty of death.
None of this stopped the British from continuing to flood China with opium, creating millions of addicts, but it did cause the East India Company to protect its tea and silk trade by shifting its Chinese opium operations to nominally independent drug runners who bought opium legally from the East India Company in Calcutta, and smuggled it into China. The most prominent of these drug-running firms was Jardine Matheson & Co. It was founded in 1832 by two Scotsmen, William Jardine and James Matheson. Jardine had been a ship’s surgeon with the East India Company, while Matheson was the son of a Scottish baronet. The firm today is controlled by the Keswick family. In 1839, the Chinese Emperor launched an anti-opium offensive, which included the confiscation of all opium stocks in the hands of Chinese and foreign merchants. The merchants put up a fight, but were ultimately forced to concede, turning in their opium stocks after being indemnified against losses by British officials.
In response, however, the British launched a propaganda campaign against China, accusing it of violating Britain’s right to “free trade.” Britain sent its fleet to China, to force the Chinese to capitulate to the opium trade. The action, known as the First Opium War, resulted in the Treaty of Nanking in 1842, under which China not only capitulated to the opium trade, but also agreed to pay reparations to the opium runners and gave the British control of the island of Hong Kong. However, the treaty did not specifically legalize opium, so the British launched a second Opium War, which resulted in the 1856 Treaty of Tientsin, which legitimized the opium trade and opened China up to foreigners even more.
As the opium and other trade with China expanded, Britain’s new territory of Hong Kong became a major imperial commercial center. The opium dealers gathered together to form a bank, the Hongkong and Shanghai Bank, as the financial flagship of the British opium trade. Over time, the bank—now known as HSBC—would extend its reach into the drug fields of the Middle East and Ibero-America, as befitting its role as the financial kingpin of Dope, Inc.
Role of Secret Societies
In 1783 Lord Shelbourne launched the Chinese opium trade with Scottish merchants from the East India Company and members of the House of Windsor-allied Knights of St. John Jerusalem.
Shelbourne’s chief propagandist was Adam Smith who worked for East India Company, which emerged from the slave-trading Levant Company and later became known as Chatham House, home to the powerful Royal Institute for International Affairs (RIIA). In 1776 the high seas pirate Adam Smith wrote Wealth of Nations, which became the bible of international capitalism.
In the Far East the British organized the Chinese Triad Society, also known as the Society of Heaven and Earth, to smuggle their opium. Beginning in 1788 the Freemason Grand Lodge of England established lodges in China, one of which was the Triad Society. Another was known as the Order of the Swastika.
In 1839 William Jardine- a Canton-based opium trafficker- steered Britain into the first Opium War after Chinese officials confiscated his stash. The second Opium War lasted from 1858-1860. Lord Palmerston commanded both expeditions for the Brits. He was also the High Priest of Scottish Rite Freemasonry in the British Empire.
Throughout the 19th century the British families of Matheson, Keswick, Swire, Dent, Inchcape, Baring and Rothschild controlled the Chinese heroin traffic. The Inchcape’s and Baring’s Peninsular & Orient Steam Navigation Company (PONC) transported the dope around the world.
To the US West Coast, the families brought Chinese coolies to build JP Morgan’s railroads, slave laborers who were kidnapped (shanghaied) by the Triads. The Triads came along too, setting up opium dens in San Francisco and Vancouver and using a network of Chinatowns as a channel for heroin. This network exists today. To the US East Coast the families brought African slaves and cotton. These same families built plantations and became kings of southern cotton on the backs of shanghaied Africans.
The American families Perkins, Astor and Forbes made millions off the opium trade. The Perkins’ founded Bank of Boston, which is today known as Credit Suisse First Boston. The Perkins and Morgan families endowed Harvard University. William Hathaway Forbes was a director at Hong Kong Shanghai Bank shortly after it was founded in 1866. John Murray Forbes was the US agent for the Barings banking family, which financed most of the early drug trade. The Forbes family heirs later launched Forbes magazine. Steve Forbes ran for President in 1996. John Jacob Astor invested his opium proceeds in Manhattan real estate and worked for British intelligence. The Astor family home in London sits opposite Chatham House.
These families launched the Hong Kong Shanghai Bank Corporation (HSBC) after the second Opium War as a repository for their opium proceeds. HSBC, a subsidiary of the London-based HSBC Holdings, today prints 75% of Hong Kong’s currency, while the British Cecil Rhodes-founded Standard Chartered Bank prints the rest. HSBC’s Hong Kong headquarters sits next to a massive Masonic Temple.
Freemasonry is a highly secretive society, making it an ideal vehicle for global drugs and arms trafficking. According to 33rd Degree Mason Manly Hall, “Freemasonry is a fraternity within a fraternity – an outer organization concealing an inner brotherhood of the elect…the one visible and the other invisible. The visible society is a splendid camaraderie of ‘free and accepted’ men enjoined to devote themselves to ethical, educational, fraternal, patriotic and humanitarian concerns. The invisible society is a secret and most august fraternity whose members are dedicated to the service of an arcanum arcandrum (sacred secret).”
Wealth derived from selling this Chinese opium during British colonial rule, helped build many landmarks on India’s west coast. The Mahim Causeway, The Sir JJ School of Art, David Sassoon Library and Flora Fountain, landmarks in modern Mumbai, were built by prominent Parsi and Jewish traders from profits made by a flourishing opium and later cotton trade with China.
Prominent families from Mumbai’s past, names that adorn today’s famous institutions such as the Wadia’s, Tata’s, Jejeebhoy’s, Readymoney’s, Cama’s and Sassoon’s sold opium to China through the British. By the end of the nineteenth century, when the opium trade went bust, cotton from India’s western state of Gujarat, which had already developed strong trade links with Canton profited. The Paris’s ploughed profits from the trade with the Chinese back into India, setting up several schools, hospitals and banks. Historical records prove that some of India’s prominent Parsi traders at the time, were founders of the Hong Kong and Shanghai Banking Corporation (HSBC) founded in 1865. For a detailed report read Rothschild colonization of India.
It is this deadly opium empire that Gandhiji was very much conscious about and spoke out against for which he was jailed in 1921 by India’s British rulers for “undermining the revenue”. Having seen generations of Chinese youths rendered docile and passive Gandhijis was concerned over opium and its deadly effects on India which is clear from his letters. These opium production activities ran until 1924 in India and were stopped with the heroic efforts of Mahatma Gandhi who first agitated to remove opium production from India and destruction of China using Indian soil. Finally the British transferred the entire production to Afghanistan in 1924 handing the production to southern Afghani tribals which after 90 years became the golden crescent of opium production. Though the production is in the hands of Afghan tribals the distribution finance market control is still exercised by the same old British business houses or their proxies.
Afghan Opium for Bankers and Terrorists
There is a general impression that Afghanistan has always been the center of opium production. In fact, it has not. Prior to the Soviet invasion in 1979, opium production in Afghanistan was less than 1,000 tons; that grew to 8,200 tons (based on conservative UN Office on Drugs and Crime/UNODC figures) in 2008. Throughout this period, Afghanistan was in a state of war. Following the Soviet invasion, the anti-Soviet powers, particularly, the US, UK, and Saudi Arabia, began generating larger amounts of drug money to finance much of the war to defeat the Soviets. Since 1989, after the Soviet withdrawal, there has been an all-out civil war in Afghanistan, as the US-UK-Saudi-created mujahideen dipped further into the opium/heroin money.
What was happening in Afghanistan during this period that caused opium production to soar to those levels? History shows that the US invasion in 2001 came close to wiping out the Taliban forces; the Afghan people, at least at that point in time, because of the Pakistani-Saudi links to the Taliban and the oppressive nature of the Wahhabi-indoctrinated regime, supported the invading American and NATO forces. That began to change in 2005.
The year 2005 is important in this context, since one of the most damning parts of the US Senate report details HSBC’s relationship with the Saudi-based Al Rajhi Bank, a member of Osama bin Laden’s “Golden Chain” of important al-Qaeda financiers. The HSBC-Al Rajhi relationship has spanned decades; perhaps that is why, even when HSBC’s own internal compliance offices asked that it be terminated in 2005, and even when the US government discovered hard evidence of Al Rajhi’s relationship with terrorism, HSBC continued to do business with the bank until 2010.
In fact, the report said, Al Rajhi’s links to terrorism were confirmed in 2002, when US agents searched the offices of a Saudi non-profit US-designated terrorist organization, Benevolence International Foundation. In that raid, agents uncovered a CD-ROM listing the names of financiers in bin Laden’s Golden Chain. One of those names was Sulaiman bin Abdul Aziz Al Rajhi, a founder of Al Rajhi bank.
Recently an operation by German Customs official revealed that the British Queen financed Osama Bin Laden. German officials in an operation raided two containers passing through Hamburg Port and seized 14,000 documents establishing that Osama bin Laden was funded by UK Queen’s bank Coutts, which is part of the Royal Bank of Scotland.
HSBC & 26/11 Mumbai Attacks
Why did HSBC not terminate its links with the Al Rajhi in 2005? The answer lies in what was then put in place in Afghanistan to generate large amounts of cash. When it comes to opium/ heroin and offshore banks, Britain rules supreme. In 2005, poppy fields in southern Afghanistan began to bloom, and it became evident to the bankers and the geo-politicians of Britain and the US that cash to support the financial centers and the terrorists could be made right there.
It was announced on Jan. 27, 2006 in the British Parliament that a NATO International Security Assistance Force (ISAF) would be replacing the US troops in Helmand province as part of Operation Herrick. The British 16 Air Assault Brigade would make up the core of the force. British bases were then located in the districts of Sangin, Lashkar Gah, and Gereshk.
As of Summer 2006, Helmand was one of the provinces involved in Operation Mountain Thrust, a combined NATO/Afghan mission targeted at Taliban fighters in the south of the country. In July 2006, the offensive essentially stalled in Helmand, as NATO (primarily British) and Afghan troops were forced to take increasingly defensive positions under heavy insurgent pressure. In response, British troop levels in the province were increased, and new encampments were established in Sangin and Gereshk. In Autumn 2006, some 8,000 British troops began to reach “cessation of hostilities” agreements with local Taliban forces around the district centers where they had been stationed earlier in the Summer, and it is then that drug-money laundering began in earnest.
This drug money, at least a good part of it, is generated in this area with the help of Dawood Ibrahim, who also played a role in helping the Mumbai attackers by giving them the use of his existing network in Mumbai. At the time, Ibrahim worked on behalf of the British, and ran his operation through the British-controlled emirate of Dubai. Drugs came into Dubai through Dawood’s “mules,” protected by the Pakistani ISI and British MI6; the dope was shipped in containers which carried equipment sent there for “repair” from Kandahar and elsewhere in southern Afghanistan. British troops controlled Helmand province, where 53% of Afghanistan’s gargantuan 8,200 tons of opium was produced in 2007.
The drugs were converted, and still are today, to cash in Dubai, where Dawood maintains a palatial mansion, similar to the one he maintains in Karachi. Dubai is a tax-free island-city, and a major offshore banking center. The most common reason for opening an offshore bank account is the flexibility that comes with it.
With the development of the Dubai International Financial Centre (DIFC), which is the latest free-trade zone to be set up there, flexible and unrestricted offshore banking has become big business. Many of the world’s largest banks already have significant presence in Dubai – big names such as Abbey National Offshore, HSBC Offshore, ABN Amro, ANZ Grindlays, Banque Paribas, Banque de Caire, Barclays, Dresdner, and Merrill Lynch, all have offices in the Emirate already.
In addition to Dubai, most of the offshore banks are located in former British colonies, and all of them are involved in money laundering. In other words, the legitimization of cash generated from drug sales and other smuggled illegitimate goods into the “respectable banks” is the modus operandi of these offshore banks. The drugs that Dawood’s mules carry are providing a necessary service for the global financial system, as well as for the terrorists who are killing innocents all over the world.
In December of 2007, this Britain-run drug-money-laundering and terrorist-networking operation was about to be exposed when Afghan President Hamid Karzai learned that two British MI6 agents were working under the cover of the United Nations and the European Union behind his back, to finance and negotiate with the Taliban. He expelled them from Afghanistan. One of them, a Briton, Michael Semple, was the acting head of the EU mission in Afghanistan and is widely known as a close confidant of Britain’s Ambassador, Sir Sherard Cowper-Coles. Semple now masquerades as an academic analyst of Afghanistan, and was associated with the Harvard Kennedy School’s Carr Center. The second man, an Irishman, Mervin Patterson, was the third-ranking UN official in Afghanistan at the time that he was summarily expelled.
These MI6 agents were entrusted by London with the task of using Britain’s 7,700 troops in the opium-infested, Pushtun-dominated, southern province of Helmand to train 2,000 Afghan militants, ostensibly to “infiltrate” the enemy and “seek intelligence” about the lethal arms of the real Taliban. Karzai rightly saw it as Britain’s efforts to develop a lethal group within Afghanistan, a new crop of terrorists.
The drug money thus generated to fund the financial centers and terrorists through HSBC was also responsible for ongoing terrorist attacks that have destabilized most of South Asia. The most important of these was the massive attack on Mumbai.
The mode used to launder such drug money is through diamonds. A 2003 Report assessed various alternative financing mechanisms that could be used to facilitate money laundering and or terrorist financing. Trading in commodities, remittance systems, and currency were assessed on each of their abilities to earn, be moved, and store value. Diamonds were the only alternative financial device that fit into all of these assessment criteria.
Diamonds can be vulnerable for misuse for money laundering and terrorist financing purposes because they can transfer value and ownership quickly, often, with a minimal audit trail. They provide flexibility and an easy transportation of value.
Top diamond traders of the country, several of whom are now settled abroad, figure on what the media calls as the #SwissList, with mostly Mumbai addresses given. Many persons on the list are Gujarati diamond merchants with offices all over world having roots in Palanpur.
However their involvement in not just limited to money laundering. Almost 6 months before 26/11 2008 Mumbai Attacks the Financial Intelligence Unit of India (FIU-IND) (the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions) was already tracking the diamond industry for suspicious activities by terrorists.
“A year ago, some people from Mumbai began purchasing diamonds worth crores of rupees. When the industry tried to trace the traders, they turned out to be non-existent,” said Vanani.
The FIU traced all foreign transactions of Surat’s diamond industry, especially those emanating from Belgium. It found that a great deal of money was being invested by terrorist groups.
However in May 2014 eight of these Belgium based diamond dealers were given a clean chit by the Income Tax department in the black money case. The I-T department said a probe was initiated against the eight individuals, but there was no proof of tax evasion by them. Why is the Government reluctant in disclosing Black Money related data; be it NDA and even UPA before it ? For a detailed report on the issue read 26/11 – The Black Money Trail.
From the Far East to the Middle East to Ibero-America to India, everywhere the drug trade is flourishing, you will find HSBC. It may not handle the dope, but it does handle the money, making sure that the “citizens above suspicion” who run the empire get their cut of the proceeds. Now HSBC has been caught red-handed laundering money in the U.S., India, China, Argentina almost everywhere the sun shined through the colonies. This is a bank which has abused us, assaulted our people, and violated the law with abandon. Isn’t it time we set an example and revoke its charter to do business here in India ?
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Check the names of the rich and famous who have offshore comapnies here....https://offshoreleaks.icij.org
In case you are a visual person and wish to watch the gory details on how HSBC laundered money...here it is, courtesy of CBS....in full national TV glory:
Dave's not here man.
Dave's my uncle and he is there.
Maybe your uncle Dave is not there....
The rest of Johns are here:
Over 106,000 client names with accounts in Swiss banks have been released from 203 countries:
For example, from US: 4,536 names have been released. http://projects.icij.org/swiss-leaks/countries/
From China: 8,995 names
From 'BVI': 4,034 names
From Indonesia: 2,961 names
From Russia: 2,229 names
From UK: 920 names
From HK: 15,128 names
From India: 665 names
From Canada: 659 names
From Philippines: 572 names
From UAE: 448
From Germany: 238 names
From NZ: 233 names
From France: 178 names
From Belgium : 86
39,856 names are from unidentified countries.
Various media outlets have created special websites to cover this subject in great detail.
Guardian from UK is one of them: http://www.theguardian.com/news/series/hsbc-files
Indian Express from India is another: http://indianexpress.com/topic/swiss-leaks/
Here is BBC: http://www.bbc.com/news/live/business-31154049
The FT has come out with an article which I quote below suggesting that under the terms of an agreement with US Govt for a further 5 year period, HSBC was expected to clean up its act and not to get caught in any other criminal investigation.
Due to this data release today and the apology today, FT is suggesting that US Govt may even go to the extent of withdrawing the US licence of HSBC Bank!!
The quote from the article is below:
"The agreement puts it at risk of a criminal conviction and potential loss of its crucial US banking licence if it commits another crime in that period. Since then, HSBC has promised to clean up its act by shedding many of the riskiest clients and businesses."
HSBC in Swiss tax avoidance storm
http://www.ft.com/intl/cms/s/0/f80d7434-b02e-11e4-a2cc-00144feab7de.html#axzz3RFc4vz6i
HSBC Switzerland business has been plummeting since 2006. Their number of clients have declined from 31,000 clients to less than 10,000 today. While their client assets have declined from over USD 120bn to less than USD 68bn.
HSBC’s Swiss deposits drop by almost half
http://www.irishtimes.com/business/financial-services/hsbc-s-swiss-deposits-drop-by-almost-half-1.2096152
Belgium has just announced that they may issue arrest warrants against the directors of HSBC Switzerland because they are not cooperating.
Belgium considers arrest warrant against HSBC Switzerland directors
http://uk.reuters.com/article/2015/02/09/hsbc-belgium-moneylaundering-idUKL5N0VJ2TJ20150209?rpc=401
This news is making headline news globally......It is currently the headline news on Guardian.co.uk, CNN, BBC, FT, WSJ, Bloomberg as well as domestic websites of all the countries around the world.
India’s latest black money revelation in three charts
http://qz.com/340983/indias-latest-black-money-revelation-in-three-charts/
HSBC’s private Swiss bank served everyone from alleged arms dealers to pop stars
http://qz.com/340930/hsbcs-private-swiss-bank-served-everyone-from-alleged-arms-dealers-to-pop-stars/
Here is the man, Edmond Safra, who started the operations of what is now known as HSBC Bank Switzerland until HSBC bought it in 1999, the bank was owned and known as Safra Republic Bank Switzerland.
Billionaire Safra key to HSBC Swiss bank origins
http://www.thelocal.ch/20150209/billionaire-safra-key-to-hsbc-private-bank-origins?
Republic Bank has always been in trouble with the law and it has now become the problem of HSBC bank. Back in 2001, Republic Bank paid USD 606m for fraud in USA.
Republic New York Pleads Guilty to Securities Fraud
http://www.nytimes.com/2001/12/18/business/republic-new-york-pleads-guilty-to-securities-fraud.html
A fascinating article by the Economist which explains how Safra group actually reduced the price when sold to HSBC by over USD 450m for some very strange reasons......and how Safra died a very fiery death in Monaco in Dec 1999.
Death in Monte Carlo
http://www.economist.com/node/327183
It all feels surreal that HSBC is paying a very heavy price of something that probably Safra started 2-3 decades ago.
Safra started 2-3 decades ago.
Totally forgot about Safra.....reminds me.....never hire your bodyguards off of Craigslist.
Gangs, drug dealers, rule, who next? Black ice and the white outs??
The Oligarchy may have a lock on the "drug trade" but demand IS the driving force. People have wanted altered states of consciousness since the first kid spun around in a circle until they were dizzy.
The scum of the earth may have taken advantage of it, but they did not create it.
The only argument I would entertain about them creating the drug problem is through their fractional reserve banking scheme. People cannot accept that they are getting poorer while everything around them is telling them they are becoming more wealthy. Takes a bit of mind alteration to accept debt is wealth and 2% inflation is "stable prices."
pods
The biggest argument against is that they avoid taxation. Legalize it and they will have too much competition.
I always wondered why we invaded Afghanistan (the real reason that is). The logic behind the fantasy land in Dubai was also unclear. Now I understand.
East India Co bank?
Sassoon family have been drug dealers to UK monarchy since 1800's Opium Wars in China. Vidal Sassoon went straight & sold shampoo.
http://en.wikipedia.org/wiki/Sassoon_family#Opium_trade
HSBC was founded specifically to handle profits from drug trade in China.
http://en.wikipedia.org/wiki/The_Hongkong_and_Shanghai_Banking_Corporati...
Some say drug trade is one of top 3 on Earth, with weapons & energy. Accounting is tricky due to illegal nature.
As well, the Bush family and BAC have been reported to be HUGE narco players.
I seriously doubt many of these Big Fish will jailed, let alone prosecuted. Mainly the little fish will be snagged and get thrown into the klinker while the Big Fries go free.
The law doesn't apply to the upper 1%, powerful politicans and drug lords.
Same reason UK invaded 3x, to control the opium & block Russia.
Ever wonder why the USSR invaded? To stem the flow into their country. An attempt to destabilize them like the Chinese, 150 yrs before. The Taliban had shut down production by 2001.
http://socioecohistory.files.wordpress.com/2012/03/afghan_opium_producti...
Seeing the subtle cultural effects is what fascinates me. TPTB have co-opted an entire generation into complicity with what cannot be described as anything other than intentional ambiguity regarding drug use.
If you're black and/or use the wrong drugs, then you go to jail and feed the industrial prison complex. But if you are white and use more "acceptable" drugs (not legal, but wink, wink...), then we'll make jokes about you in Hollywood, and create a liberal cause out of legalizing at least some of the drugs you like.
So now that Washington and Colorado are looking at legalizing marijuana, people can say, "Look! Sanity may appear! See, it was just those evil [pick your caricature of a political party here]! See, we're gaining freedom!"
Let the little folk have just enough "freedom" so they believe change is possible.
While the reality is that with this as only one of their distractions, TPTB have constructed a top-down controlled society at a level not seen in human history since the Soviet Union (and they didn't have remotely the tech to throw at it that the current crew have). It's not fully implemented yet, because they have to go slowly. But when the time comes, they are fully prepared for 1984 to become a shadow of the true evil they have planned.
But hey, marijuana is going to be legal, right? Yay!!
They use the welfare state employees (poor) to peddle their goods. They use the warfare state employees (MIC) to keep the 'spice' flowing.
"The scum of the earth may have taken advantage of it, but they did not create it." -- pods
According to author Doug Valentine the Brits also created the demand by hiring Chinese gangsters to establish opium dens. The kicker was in making narcotics illegal which led to enormous profits with lives also ruined and exploited in the prison complex. The drug profits are then channeled to corrupt local governments. This, according to Doug, is why the CIA is thoroughly clandestine as it does everything that's illegal -- they are outside any law. The CIA is a criminal conspiracy using "national security" as its cover.
Doug does better at telling the tale:
https://www.youtube.com/watch?v=MFzGu5bxnOc
Nothing unnatural about consolidation in the laundering industry...mergers are always a great time to cook books.
From Wikipedia: Edmond J. Safra (Arabic: ?????? ????? ????; August 6, 1932 – December 3, 1999) was a Lebanese Brazilian[2] Jewish banker..
Shocking.
wasn't safra connected to martin armstrong. maybe armstrongs computer model tracks narcotics fund flows. 11 years in prison, he definitely pissed off someone powerful. what I wonder, is why didn't they kill him too?
This showsthe large silent diamond transports in Belgium.
and followed in 2013, the belgium government tried to shut down the diamond trade but was cornered and the story died.
http://www.hln.be/hln/nl/957/Binnenland/article/detail/1630150/2013/05/1...
+1 for the cheech and chong reference.
Ah hell I missed it.
Ah hell I missed it.
This is the exact reason why I despise the Anglo-Saxon "elites". This amount of hypocrisy is bad for anyone stomach.
If I had the wealth of a 1%, I too would do what I could to preserve it. A person that wouldn't is a person soon parted with his money.
Anyway, I take myself to the point I often make. Who makes these rules? Who empowers these banks? And who benefits from it?
GOVERNMENT
Banks and government....
conjoined twins - connected by corruption.
Given that government creates laws and has sole discretion in their enforcement, it would seem that any long term existence of corruption can ONLY occur with knowing accomplice of government. Sure monied people of all stripes will seek to buy influence in government, but ultimately it is government's responsibility, its mandate, to avoid, resist and defy ALL corruption. And ultimately it is up to us to kick the corrupt bastards out, rather than voting for the best thieving liar...but there you go.
Regardless, rather than holding those in our government responsible, we instead attempt to simulate economic justice through taxation and other redistributive efforts which ultimately only punishes the honest, as the corrupt always have their means of escaping it. The corporate tax is an excellent example given that some pay virtually zero tax while others pay the highest tax rates in the world.
Continued calls for government to eliminate corruption in the private markets misses the point as the seat of corruption IS the government, and until that is corrected, things will only get worse. We are giving the cancer the power to decide which cells receive the fatal dose of chemo, and the host will die.
You are correct, and the stacked Supreme Court drove the nails through the coffin for the U.S. when declaring 1.) that money is speech, thus insuring the special interest unfettered license to buy politicians, and 2.) corporations are people, giving them rights that, in reality, place corps above people.
The right-wing interests worked long and hard to make this happen, using the old tried and true 'conservative values' tricks to keep us focused on things like abortion, and gays, and any other possible distraction to whip up red meat frenzy...all the while masking the real agenda of the men behind the curtain - Fascism.
Well, I see there is one down arrow so far. No rebuttal, but that is to be expected from those who would rather impose their personal social agenda on others at the expense of everyone's personal liberties, as we are sold down the river to special interests. And the sad thing is, the Fascists don't really give a damn about abotion, gays, drugs, etc. They are just politcal tools they use to sway the weak minded to do their bidding. I'm a child of the deep South. Been among such morons all my life.
The way you fix that is to get government out of everyone's pockets so when we vote, when our representatives vote, they are not effectively reaching into someone's pockets. The fact that our government has evolved from taxation for the common good to taxation for redistribution to effect "equality" and pursuit of specific agendas, has created the massive opportunity for corruption that rules our world.
This works splendidly as their corruption creates even greater disparities, from which the people demand relief...that can only come from more taxation and redistribution.
The answer is not to make a new industry to stamp out government corruption, much like our war on poverty and crime and illegal aliens. The answer is to eliminate the incentives for corruption. Take away their powers to tax arbitrarily and discriminately. Taxes should be universal and indiscriminate as every attempt to balance or make them more "progressive" creates ever more opportunity for corruption.
Like affirmative action, the answer to discrimination is not more discrimination, but NO discrimination. Leave charity to the citizens.
Whatever happened to concept of blind justice?
If you vote, you are complicit in the crimes of government.
If you are not in jail...you are an accomplice.
You are an accomplice even in jail - taxes are supporting you ;)
If you had the wealth of a 1%, you would do what you could to preserve it. Therefore, you would bribe and advise the government in order to preserve your wealth. Don't forget about that BOY, cause blaming the government for all the evil is simply put "IGNORANCE".
Got it?
The rate of psychopathy in humans is approximately 1%
1% run the place.
Big clue there, I think.
Government encourages the corrupt to be even more so, therefore it IS to blame to a fairly large extent.
They use the 'legal' system to commit crimes against the average guy.
Fiat money is another leg of the same table.
Newsflash - Those at the "1%' level in the US is pretty much upper middle class - a guy who owns some dry cleaning places, a mid levell exec - their worth is maybe a few million. Most are working 60-80 hours a week. They are FAR closer to the absolute bottom than they are to ewven the top 1/2%.
The wealth curve is near exponential. 90% of the wealth in the 'top 1%' is in the top 1/10 of 1% - with most of that in the top 1/100 of 1%.
Those at the very top puash the 'top1%' meme to buffer themselves - those at the 1% border are the ones far more likely to get looted...... let the masses exhaust themselves going after the marginally better off while the super rich hide in their nice big compounds with 6' high walls.
The operation in Afghanistan is not run by the banks, it is run by the CIA. The banks launder the money, yes, but the bulk of the profits -- about $1.2 trillion annually -- go to Langley. They money is used to finance the wars, bribes, mercenaries, the global operations necessary to keep the oligarchs in power.
Note that the heroin production was stopped in 2000 by the Taliban. Now after more than a decade of US/NATO intervention, the annual production is over 9000 tons. One more aspect of the nazism that controls the polices of the "Free and Democratic" West.
Is this why the spooks are on lockdown?
lol
In the '70s most heroin came from 'The Golden Triangle' - when US was heavily involved in the area
Today most H comes from Afghanistan - where US is heavily involved.
Coincidence?
Did you read the entire article? Surprised there are so many upvotes here...maybe those knuckleheads didn't read the article, either. You repeated assertions and asked a question that were all quite clearly addressed.
...but but but....the women were being oppressed. We did it for the Children, and the dead guy in the cave who orchestrated it all
Buried at sea
http://www.radioislam.org/islam/english/jewishp/china/jew-opium-monopoly...
http://www.usagold.com/federalreserve.html
Same shit different century.
And now you see what happens when women out vote men. 'It's for the children' can be used to castrate every last man on the continent.
They hate us for our "Dare" Program, my chillen got the t shirts too.
How do you know if the driver is stoned? They all have "Dare" bumper stickers.
The Jewish rotting of China
http://www.destroyzionism.com/2013/01/08/the-jewish-rotting-of-china/
http://www.destroyzionism.com/2013/07/14/the-boer-war/
My Beautiful Launderette
http://www.zerohedge.com/article/inside-global-banking-intelligence-comp...
Good link. Thank you Usurious.
Did he ever post the rest?
Reminds me of Michael Ruppert's writings/ RIP Michael.
One thing to remember about the British is although they generally view talking about money as vulgar, they have ZERO qualms about making it in the most vulgar industries around.
Shoot the Chinese up with Opium, ruin 100,001 familes - Great business.
Launder all sorts of dodgy money - Great business and so on.
Going to war over their beliefs is the final kicker.
before the british arrived in india, there was a system to feed people during lean years, the british got rid of that system so regular starvation cycles would happen, and they did. Coming to a planet near you.
Bullshit. This is not a British problem, or an Indian problem. It is a human problem. Man always wants power and domination over his fellow man.
"This is not a British problem, or an Indian problem. It is a human problem. Man always wants power and domination over his fellow man"
Funny thing is that they all organize a central government in order to facilitate and legalize the dominion.
No, it's a government problem. It is governments main focus to create laws that foster conflict not resolve it.
Funny I never knew you spelt jew m-a-n.
Remember Jew David Sassoon is not really your friend.
And Queenie right in the big middle of it!
Yeah love those Brits; get hundreds of thousands addicted to heroin
to make money (and a good addition to their slave trade business),
starving the Irish killing a million, killing the country of India, blood diamond business etc etc. thank God our forefathers kicked their ass
Apparently they didn't kick "their" ass, really, because look! "They" are back again doing all the same shit, only on a truly global scale this time. The current US power structure is "them" all over again.
In HSBC's defence, I'd just like to say that I've banked with them since I was around 8 years old and I've never had any problems.
So methadone does work!
Ruins your teeth though.
"Adam Smith wrote Wealth of Nations"... so not much has changed, slavery and drug running continues.
Is HSBC connected to Criminal International Assets?
Is water wet?
Hong Kong Smack Banking Company. They should all be in prison, along with anyone that new anything about it.
one would do well to understand the opium wars- who gained and why. drugs of abuse have never made anyone I have known a better person, only increased suffering for themselves and others near them..I sell them (within the laws), because of the sick who need them..addicts or those with other illness that need them I do not discriminate, in my view they are all the sick and I must do this to try to atone for my failings in war and in avoiding truth, by living illusion that I do this for the sick. No I do this for the big illusion money.
Thank you TD's for this information and history..thank you.
There is addiction in my family and I found this interesting.
Unhappy Rats = Addiction/Happy Rats = Healthier Behavior
http://www.huffingtonpost.com/johann-hari/the-real-cause-of-addicti_b_65...
Looks like high levels of drug abuse could be a result of poverty. Since the 90% are getting poorer drugs (legal and illegal) should be a growth industry.
Drugs...another way to wring every bit of wealth from the masses.
But you see, it must not be benign drugs like Murderjuana.
It has to be SSRI blockers, benzos, opiates, or alcohol (and TV == hat tip Freddy)... because those drugs really can make you delusional enough to believe the lies.
Any drug that might clarify vision or that may encourage thougthful introspection must be stamped out.
Iphones, Ipads, American Idle, facefuck whatever. Take your pills, play with your screen and everythying will be AOK. The gunvermin says it's true, so goddamnit, it is.
There's no money for the banks in "legal" weed. No dirty money anyway. That's why they hate it.
Cannabis and hemp are amazing natural products and can be used in so many positive, creative ways. No wonder they have been "demonized."
People are seeing through this, however, and I'm encouraged by the referendums and legalization campaigns.
Something to be said for cannabinoid receptors in the human brain and the level of "truth" that can be accessed through moderate consumption. Not for everyone, but definitely not a threat to society.
There are canabinol receptors all through your body.
Your first introduction to canabinols is in mother's milk.
dup
Hence all the hysteria over pot psychosis
that's why it's so hard to find a good hit of lsd.
Drinking and drugs have always been "the curse of the working class".
same as it ever was...
And of course nobody is going to prison over this...
actually, the indies who are trying to peddle poison outside the established channels go to the pokey, and that's fine IMO. Also the rabid dogs who ingested too much of the lower quality stuff need locked up, they are quite dangerous now brains are fried, souls are gone
https://www.youtube.com/watch?v=y1jAByECNc0
"And so sealed the fate, in pieces of eight, all England and all of the world..."
catchy tune, super tight guitar work :-) RIP Layla, their own sons and daughters are the victims - sad
Not bad for a little three-piece one hit wonder. ;)
It's all blessing and curse...not many remember what getting wounded was like before opiates (probably be less prone to violence if they did).
It's not only HSBC, all of these Criminal Banks Launder Drug money to prop up & make their balance sheets look good. A Bloomberg article entitled "Wachovia's Drug Habit" highlighs how the bank now called Wells Fargo laundered $476 Billion dollars of drug money with CIA involvement.
Another day, another dollar, business as usual in a Criminal System, owned by Criminals & run by Criminals.
They are not criminals; they have paid large sums to insure they are not criminals.
Excuse me, I misspoke. Criminal Psychopath / Sociopath / Megalomanic Pure Evil Scum Fucks.
Ethically bankrupt parasites wasting perfectly good oxygen.
Brought to you by Carl's Jr.
Preet Bharara would have fun with this one.
We need to drugs to produce enough "clients" for the U.S. private prison system. Capitalism rules all! USA! USA! USA!
And, put the Slaves through the Criminal Fraud UNITED STATES, CORP. INC. Justice System based on Maritame / Admarality Law. With Attornies who pass the "BAR" British Accredited Registry exam all run, owned, controlled, stock, lock & barrel by The City of London.
Opium Wars
https://www.youtube.com/watch?v=6Pw1MEyT-qU
Nothing new under the sun
So let me get this straight.
Banking problems: Chinese
Trading problems : Rogue Russian spies
Terrorist problems: Fake alphabet named Muslims
Except:
Banks are run by Jews
Trading Jews
Real proven terrorist Netanyahu
MEDIA JEWS.
Please do not take this as hatred toward any group of people but if we don't start unfucking the real problem and put them in jail there won't be anybody left to blame.
You have a fetish for Jews. I wonder who you would blame if all Jews were dead and the same problem existed.
Nice try troll.
Catholic priest had and issue with children nobody went looking for jews. The crime is high in Detroit nobody goes looking for jews.
But for the banking, media, fake terrorist ruining governments around the world problem we look for the common denominator and its not Catholic priest or the people who live in Detroit.
Open your eyes because your not in the club.
Don't kid yourself. The Vatican has been infiltrated with this filth. I would suspect they're at the top of this sick pyramid. See Malachi Martin.
the article mentions a bunch of Scottish, English names, American names. All anglo Saxon. So why mention only Chinese, russians and Jews, you dumb idiot?
Hey butthole the media is pushing Chinese, Russians, Muslims and Jews in their faux news not Scottish and English.
So you are actually the dumb idiot because you didn't understand the statement.
Magnificent! But why are rottonchilds still alive? I suppose it is hard time to reduce the snake's body right up to the head.
Do you mean to tell me that these drug traffickers do not walk around with suitcases full of high denomination notes ? Shit that.
Well we all know that those big fat bonuses are not possible by simply lending to buiness and households. It can only be done by taking risks with other peoples money.
Everything you would like to know.
The Real Deal with Catherine Austin Fitts
Narco-Dollars For BeginnersHow The Money Works In The Illicit Drug Trade
http://solari.com/old-articles/scoop_narco_dummies.htm
Richard Grasso, former Chairman of the NY Stock Exchange,
greeting a Colombian FARC commander
Adam Smith and opium, Nobel and gunpowder... the best always have dubious origins.
The House of Windsor's legacy was born in the belly of a french bastard : William the Conqueror.
Bastards make good divine right kings who then have this irrepressible urge of irrational "being" to refind their bastard like nature once they are showered with the gifts that power entails.
The circle of life is a wheel. That's why the concept of circle was born to Man, it reflected Aryan vedic dogma based on philosophical tenets steeped in observation, before it came to represent Euclid's theorems or Galileo's demonstration of the Copernican dream of the physical planet Earth.
We're all bastards; they're just the loud ones. ;)
What goes around comes around...the golden rule laid bare.
Speaketh for thyself .... I'm a true believer Capitalist .... but playful as a kitten !
Stop the NWO. Stop the Banks. Arrest Lloyd Blankfein. Arrest the Queen with the cloven hooves.
Everyone is so pro drugs .... and as a Libertariantard .... me too .... well, someone has to handle the loot .... oh, I forgot .... Jesish bankers .... are worse than .... Socialistards !
I just invented a new word .... Jes(us)(Jew)ish .... like Rush .... even when I'm wrong .... I'm RIGHT !
Religulous!
It's not the handling of the loot, it's the lack of free competition due to jailing the other market players we find distasteful (and expensive, as long as we're getting conservative and all).
Yeah, yeah .... I believe in every letter of the word C A P I T A L I S T .... and am proud of the accomplishments of my forebearers .... in a decidedly unfree world .... I sell Duty Free loosies in Mexico .... for a filthy profit !
"Job creator", they called him.
Call me Jobe .... the "Greed is Good" .... job creator !
Onward to Mammon!
Black Budget...
While I'm sure Maxine Waters would love to have a segregated budget just for her constituents, I'm pretty sure that won't pass Constitutional muster.
"According to some estimates, we cannot track $2.3 trillion in transactions."
Sec of Def Don Rumsfeld, Sept 10, 2001
Where were the records kept??
Tales of Leon "Pin-heada"...
"I would have provided arms to Ukraine early on because I think they need to have the military aid necessary to send Russia a message," Panetta told the publication.
Someone needs to let Leon know that the President and Senator from Arizona have already been USPS delivering to Eastern Ukraine since February of last year!
I bet HSBC will be an integral part of supporting funding like that the ex-CIA and DOD chief just spoke of, considering the shale boom and American manufacturing ain't crankin the numbers they use to!
Lest we not forget the vatican bank and its long history of laudering drug money. There is a good book I am reading right now by Paul L Williams, Operation Gladio, about the alliance between the CIA, vatican and Sicilian mafia. The CIA obtained and transported the drugs, the mob sold them and the vatican bank, much like HSBC, laundered the money.
Pope "Evita" is an Argentine style Socialist first !
There are limits to free speech when it comes to Pope Evita the 0th.
See Roberto Calvi.
I hate it when Catholic and Orthodox Christians don't get along .... the real enemy is Islam .... not a free and independent Ukraine !
Screw all you Abrahamic wartards! Pagans unite and...hey...pagans...come on....stick with the...fuck.
Did you know .... the Islamotards .... think their religion is Abrahamic .... Jesus and Moses and Abraham .... were Muslim !
Organized religion - one of the best 'divide and conquer' techniques ever devised.
They are all bullshit fairy tales used against believers and non-believers alike, by those who have grabbed power.
Wake the fuck up, dickhead.
Not unlike threadjacking although I suspect the threadjacking pays better.
Logic! lol
You wouldn't recognize logic if it bit you on the arse.
Please stop wasting people's valuable time.
"Shelbourne’s chief propagandist was Adam Smith who worked for East India Company, which emerged from the slave-trading Levant Company and later became known as Chatham House, home to the powerful Royal Institute for International Affairs (RIIA). In 1776 the high seas pirate Adam Smith wrote Wealth of Nations, which became the bible of international capitalism."
lol citations please...
English slave traders .... had the highest .... on time performance .... and the lowest merchandise mortality rates .... I'm proud of that mercantile traditon !
Can't beat efficiency if you want to exploit the herd.
Makes me think of factory farming.
Coming soon to your own species.
Online petition to end "Too Big To Jail". its time to throw the crooks is prison nd not a the 5 star resort prisons. Put them in the big house.
https://secure.avaaz.org/en/hsbc_tax_dodge_loc/?kZJpiab
I hate it when Catholics , Orthodox Christians , Buddhists and Atheists dont get along, the real enemy are the Circumcissionists, there fixed it for ya !
We're getting along better .... than rival Islamic tribes .... we're getting along better than this : www.infobae.com/2015/02/15/1627000-el-estado-islamico-difundio-la-decapi...
the absurdity of all of this nonsense is that all banks touch all money at some point. secondly - all the named banks are hundreds of years old and as such are no more private cartels dealing drigs to the lucky few families than anyone elses. they have long since graduated to massive global public service like a water company or an electric company. hardly the locally controlled businesses that they once were.
I agree .... you can't hate the toilet Nixon shat in .... and love the one Hillbillary bled into !
Oh yes you can – the latter was a bidet.
In an emergency .... you can shit in a bidet .... after you wash your hose and panties !
Right on. Lets forget history.
from the article:
HSBC, a subsidiary of the London-based HSBC Holdings, today prints 75% of Hong Kong’s currency, while the British Cecil Rhodes-founded Standard Chartered Bank prints the rest.
actually the Bank of China prints some of the money issued in Hong Kong
100 years of rubbing hands .... with British and American Capitalists .... has given us a glimmer of hope .... that China will return to her conservative, Capitalist essence .... I have a dream !
Will the seeds of war originate in the "Free-Trade" Treaties... who will stop free (slave) trade OR who will feel they don't have enough free (slave) trade... and will launch the next World War??
" In 1839, the Chinese Emperor launched an anti-opium offensive, which included the confiscation of all opium stocks in the hands of Chinese and foreign merchants. The merchants put up a fight, but were ultimately forced to concede, turning in their opium stocks after being indemnified against losses by British officials.
In response, however, the British launched a propaganda campaign against China, accusing it of violating Britain’s right to “free trade.” Britain sent its fleet to China, to force the Chinese to capitulate to the opium trade. The action, known as the First Opium War, resulted in the Treaty of Nanking in 1842, (..and) the 1856 Treaty of Tientsin.."
- But the Corporations are fat dumb and happy with their profits right now right??
- World War Possibles from "Free (Slave) Trade" starts after Crisis from Global Currency War (already Started)... or Energy War?? Maybe we demand Derivative Sales in China?? Maybe US-European Currencies Plunge based on Derivatives?
- Really a Dichotomy: World War III maybe starts from either Sweeping Banking Reform in the West... or Western people demand an end to Free (Slave) Trade (Dichotomy here either the bankers win or workers demand fair compensation and good quality jobs)
But I don't see a way out or even a World War in the near future. All I see is "Slow Boiling Frogs".
The British Trade Model & the Fascist Model of Power & Control are strong with strong players: The Banks, The Politicians that take money, the Giant Corporations that get all the money and legislation they want.
Are American People the Most Inventive? Because we will need new methods of "People Power" to face Slave Trade and Corporate Ascension.
Is it Wealth that Recruits and Enlists our people into Corporate Ranks?? Are Children the biggest motivator here??
Or is the Fear of Complexity, Technical Risks to our Wealth, Augustine's Laws, Inflation, Cost of Living, Death of Trust in Society, our food, our water, our big organizations, our treaties, our trade partners... an even greater motivator and greater threat??
Late Add: Yes, maybe a World War III is near, when you consider Swiss Leaks, HSCB Spotlight, Revelations made in this article about British Drug Running & Drug Empires... what and with Obama's view that Life is Cheap in Third World Countries... People & Governments must be Catching On Big Time in 2015.
***That Means the Drug Barons of Europe & the West have to start Chaos, War, Famine, Disease, Rebellions, Assassinations, Piracy, Slavery, and ... BTW is the Drug Profits are that big and they are shaved by People outside of Europeans then Europeans will want it, Target the rest of the Market Share***
Facilitating access to drugs and promoting privacy? God bless HSBC.
In 2014 a movie came out called "Kill the Messenger" which tells the story of Gary Webb. He was an investigative journalist who stumbled upon the links between narco stuff and a famous three-letter agency. They ruined his life and created the Monica Lewinsky scandal (or rather engineered its massive overexposure in media) to quiet the hysteria that resulted when we found out "the good guys" were actually profiting massively off of the international drug trade.
The movie is pretty sweet.
Any interference in free and private commerce .... by the Jack Booted thugs .... generates perversion .... don't blame freedom .... blame the usurpers !
See my post below on the history of the ESF, if you haven't already. It won't disappoint.
Lockerbie was a CIA false flag to kill the investigators (google Charles McKee) who knew the CIA was smuggling heroin for terrorists, and Gadhaffi figured he would get his extorted settlement money back by squeezing the oil companies. Look how that worked out.
Hat tips to ORI, i-dog, and Voluntary Exchange:
http://aadivaahan.wordpress.com/2011/03/28/for-dis-believers/
http://www.guardian.co.uk/uk/2001/jun/27/lockerbie.features11
http://my.firedoglake.com/slindauer/2011/03/28/libyas-blood-for-oil-the-...
Uki artillary shelling of civilian buildings, Donetsk, Kubishevsky region http://www.liveleak.com/view?i=c17_1422626222
They probably specialise in opium/silver trade.
Nothing new, same crew.
Always appreciate a good movie recomendation. Here,s one back atcha "Read my Lips " French (sur mes levres) prob 10 to 15 years old now. Also a 1960,s Brit movie "IF".