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You are here News Economy U.N. crime chief says drug money flowed into banks

U.N. crime chief says drug money flowed into banks

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The United Nations' crime and drug watchdog has indications that money made in illicit drug trade has been used to keep banks afloat in the global financial crisis, its head was quoted as saying on Sunday.

"In many instances, drug money is currently the only liquid investment capital," Costa was quoted as saying by Profil. "In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor."

TVNL Comment: Michael Ruppert exposed this over 20 years ago. He explains it in his speeches related to the money trail to the events of 9/11. You can see him discussing this along with 9/11 on the DVDs THE TRUTH & LIES OF 9/11 (viewalbe for free in our members section...sign up for free), & Denial Stops Here - From 9-11 to Peak Oil and Beyond. Michael even mentions the names of Columbian drug lords who sit on the board of Citigroup.

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