Corrupt banking systems & the fake war on terror & drugs

By Michael Webster, Syndicated Investigative reporter: Sunday March 15, 2015 at 7:00 AM PDT

In this Jan 24, 2011 photo, sacks of opium, motor bikes, suicide jackets and explosive materials, which were confiscated by Afghan security forces during operations in the past weeks in Kandahar south of Kabul, Afghanistan, are displayed for media.  AP PHOTO/ALLAUDDIN KHAN

The corrupt banking systems & the fake war on terror and drugs is the biggest threat of all to the United States and the free world.

According to a Senate report it revealed that HSBC’s lax anti-money laundering policies allowed some of the largest Mexican drug money, the leading terrorist state Iran, and even illegal Russian money to enter the U.S. and gain access to U.S. dollar liquidity over the last several of years.

More than 60 countries have advertised and gained a global reputation as offshore tax havens for the rich international terrorist and Mexican drug cartels and others around the world. They have opened corresponding bank accounts without real names or with any proper identification. These so called “shell banks,” also known as “international off shore banks”, and by many Gangster Banksters, they commonly bundle illegal money transfers that come in and go out without saying where they are coming from. For example, the Al-Shamal Islamic Bank, set up by Osama bin Laden himself in the Sudan, had correspondent accounts at Citibank and American Express Bank.

The report indicates that HSBC’s Mexican affiliate channeled $7 billion into the U.S. between 2007 and 2008 which included cash proceeds from illegal drug sales by American street gangs working for the Mexican drug cartels in the United States.

It is also an interesting fact that on Sept. 11, the bin Laden family was flown out of Oklahoma City on a U.S. government airplane even though the Federal Aviation Administration had issued a no-fly order. Freezing those accounts in the billions of dollars inevitably would lead to disclosures of the huge financial tie-in between the Bush family and the worldwide bin Laden Group business cartel and its relative, Osama bin Laden.

Those same banks and others such as Bank of America, Wells Fargo and Wachovia circumvented rules designed to block transactions involving terrorists, drug lords, and rogue regimes.”  In one case,” two HSBC affiliates sent nearly 25,000 transactions involving $19.4 billion through their HBUS [HSBC’s U.S. affiliate] accounts over seven years without disclosing the transactions’ links to Iran.” They provided U.S. dollar financing and services to banks in Saudi Arabia and Bangladesh that were tied to terrorist organizations, while also clearing $290 million in “obviously suspicious travelers cheques” that benefitted Russians “who claimed to be in the used car business.”

The authorities uncovered billions of dollars in wire transfers, traveller cheques and cash shipments through Mexican exchanges into Wachovia accounts. 

As reported in the U.S. Border Fire Report in 2006, a DC-9 jet landed in the port city of Ciudad del Carmen, on the Gulf of Mexico. Mexican soldiers found 128 cases packed with 5.7 tons of cocaine, valued at $100m. But something else – more important and far-reaching – was discovered in the paper trail behind the purchase of the plane by the Sinaloa Mexican drug cartel.

During a 22-month investigation by agents from the US Drug Enforcement Administration, the Internal Revenue Service and others, it emerged that the cocaine smugglers had bought the plane with money they had laundered through one of the biggest banks in the United States: Wachovia, now part of the giant Wells Fargo.

Furthermore, the investigation showed how the bank’s regulator, the Office of the Comptroller of the Currency (OCC) failed to take a single enforcement action against HSBC despite numerous violations by the international bank.  Among them, failing to monitor $60 trillion in wire transfer and account activity, a backlog of 17,000 unrevealed account alerts regarding potentially suspicious activity, and a failure to conduct anti-money laundering due diligence before opening accounts for HSBC affiliates.

Citibank lobbied but failed to derail legislation passed after Sept. 11 to ban such shell accounts from having correspondent accounts that let them move money into the U.S. banking system. Terrorists and drug traffickers still can go through “legitimate” banks in Liechtenstein, the Sudan, the Cayman Islands, or another offshore haven. Hijacker leader Mohammed Atta had a Citibank account in the branch at Dubai. Before the attack, he received $100,000 from an unidentified account in Dubai.

Washington lawyer Jack Blum co-wrote a report to the United Nations on the offshore phenomenon, said, “U.S. policy is influenced by the fact that the hot money from the rest of the world fueled one of the greatest booms in the stock market and that brokerage firms find it profitable to run private banking operations for rich people who don’t want to pay taxes. Seventy billion dollars in U.S. taxes are evaded every year through offshore accounts.”

One of the worst examples of money laundering of Nazi gold is by the private Vatican Bank in Vatican City. The Pope, as the sole shareholder of the Vatican Bank, is one of the richest men in the world and, by definition, one of the least moral. A well-known attorney who specializes in Holocaust restitution has documented transfers of gold from Nazi SS accounts to the Vatican Bank in 1943 just as the Allies were closing in. The Vatican Bank claims to have no records from the World War II period. How convenient.

Before Sept. 11, the Bush White House flatly refused to freeze accounts of so-called “terrorists” such as Osama bin Laden in ABN-AMRO, the Dutch bank operating in 15 major U.S. cities. Why? Simply put, because the secret accounts implicated the Bush family along with the so-called “terrorists.”

The Bush family is tied financially to the Carlyle Group which, in turn, has had the 1st President Bush as a heavily paid consultant to the Bin Laden Group

Freezing those accounts in the billions of dollars inevitably would have led to disclosures would have revealed the huge financial ties between the Bush family and the worldwide Bin Laden Group business cartel and its then relative, Osama bin Laden. Back then demonized as the head “terrorist” of the world, Osama bin Laden reportedly got huge amounts of cash, covertly transferred, through members of the Saudi Royal Family, which is secretly, and often openly, anti-American. The navigator of these transactions was ABN-AMRO, also known as Algemene Bank Nederland. Osama’s 24 top family members resided in the United States until a few days after the Sept. 11, 2001, attack of 911.

It is clear that the so called “war on drugs and the “war on terrorism” is a sham and that many other U.S. banks are at the very least complicit in helping to launder the dirty money of the terrorists and drug lords, most of it generated by the illicit drug trade, chiefly the opium trade out of Afghanistan, heroin and other drugs out of the Golden Triangle, and heroin, cocaine, marijuana & designer drugs out of Mexico, Central America and South America.

Sources:

U.S. Sen Permanent Subcommittee on Investigations  

http://www.forbes.com/forbes

www.usborderfirerepot.com

www.lagunajournal.com

U.S. DEA

U.S. Border Patrol

Related article: Terrorist threaten United States through drug lords  by Michael Webster

Michael ( Mick) Webster  Syndicated Investigative Reports are read worldwide, in 100 or more U.S. outlets and in at least 136 countries and territories. He publishes articles in association with global news agencies and media information services with more than 350 news affiliates in 136 countries. 
 He served as a trustee on trade Union funds. A noted Author, Lecturer, Educator, Emergency Manager, Counter-Terrorist, War on Drugs and War on Terrorist Specialist,  Newspaper Publisher. Radio News caster. Labor Law generalist, Teamster Union Business Agent, General Organizer, Union Rank and File Member Grievances Representative, NLRB Union Representative, Union Contract Negotiator, Workers Compensation Appeals Board Hearing Representative. Mr. Webster represented management on that side of the table as the former Director of Federated of Nevada. Mr. Webster publishes on-line newspapers a twww.lagunajournal.com  andwww.usborderfirereport.com  and does investigative reports for print, electronic and on-line News Agencies.