Go Back   Old Project Avalon Forum (ARCHIVE) > Project Avalon Forum > What’s Going Down > News And Updates

Notices

Reply
 
Thread Tools Display Modes
Old 01-28-2009, 12:17 PM   #1
Antaletriangle
Avalon Senior Member
 
Join Date: Sep 2008
Location: U.K.
Posts: 3,380
Default Cash from Street Drugs Provided Liquidity that Saved International Banks

http://www.naturalnews.com/News_0007...ng_crisis.html

As international banks recently suffered the disastrous effects of a global liquidity crisis, they were saved by one thing: Cash from the illegal drug trade.

The United Nations Office on Drugs and Crime found that "interbank loans were funded by money that originated from drug trade and other illegal activities," and that "...some banks were rescued in that way."

In other words, to state it bluntly, the banks are being saved by people smoking crack!

Cash from the drug trade is the perfect "liquid capital" because people who buy street drugs don't put the charges on their credit cards (for obvious reasons). It's a cash business, and it stays in cash.

So remember this, kiddies: Smoke crack to save the banks! We've all got to do our part to create more bailout money! (That's satire, FYI.)

If you haven't yet hear the Bailout Money song, give it a listen here: http://www.naturalnews.com/I_Want_M...


Click to read:
Cash from Street Drugs Provided Liquidity that Saved International Banks

From Iht.com: Vienna-based UNODC Executive Director Antonio Maria Costa said in an interview released by Austrian weekly Profil that drug money often became the only available capital when the crisis spiralled out of control last year.... more
Antaletriangle is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 03:00 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Project Avalon