Tuesday, November 13, 2001

Big banks make an astonishing amount of money through laundering money. As the banks have a huge amount of political clout, we won't see any real efforts to stop or regulate money laundering. We also won't see any end to the war on drugs (which creates the need to launder large amounts of illegally-obtained cash), any control on the systematic looting of the treasuries of poor countries (of the sort that is still going on in Russia), or any real attempt to stop the funding of international terrorism (it's sort of a joke to see the U. S. shut down the hawala 'banking' system which, while it may be a tiny part of the problem, is just a scapegoat to protect the big banks which do the bulk of terrorist money moving).