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Archive for June 30th, 2010

Banks Finance Mexican Drug Gangs ‘Admitted’ In Wells Fargo Deal

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June 30, 2010: Michael Smith / Bloomberg Business Week – June 29, 2010

Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew suspicious and searched the jet.

They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million. The stash was supposed to have been delivered from Caracas to drug traffickers in Toluca, near Mexico City, Mexican prosecutors later found. Law enforcement officials also discovered something else.

The smugglers had bought the DC-9 with laundered funds they transferred through two of the biggest banks in the U.S.: Wachovia Corp. and Bank of America Corp., Bloomberg Markets magazine reports in its August 2010 issue.

This was no isolated incident. Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers — including the cash used to buy four planes that shipped a total of 22 tons of cocaine.

The admission came in an agreement that Charlotte, North Carolina-based Wachovia struck with federal prosecutors in March, and it sheds light on the largely undocumented role of U.S. banks in contributing to the violent drug trade that has convulsed Mexico for the past four years.

‘Blatant Disregard’

Wachovia admitted it didn’t do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007. That’s the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history — a sum equal to one-third of Mexico’s current gross domestic product.

“Wachovia’s blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations,” says Jeffrey Sloman, the federal prosecutor who handled the case.

Since 2006, more than 22,000 people have been killed in drug-related battles that have raged mostly along the 2,000-mile (3,200-kilometer) border that Mexico shares with the U.S. In the Mexican city of Ciudad Juarez, just across the border from El Paso, Texas, 700 people had been murdered this year as of mid- June. Six Juarez police officers were slaughtered by automatic weapons fire in a midday ambush in April.

Rondolfo Torre, the leading candidate for governor in the Mexican border state of Tamaulipas, was gunned down yesterday, less than a week before elections in which violence related to drug trafficking was a central issue.

45,000 Troops

Mexican President Felipe Calderon vowed to crush the drug cartels when he took office in December 2006, and he’s since deployed 45,000 troops to fight the cartels. They’ve had little success. Among the dead are police, soldiers, journalists and ordinary citizens. The U.S. has pledged Mexico $1.1 billion in the past two years to aid in the fight against narcotics cartels.

In May, President Barack Obama said he’d send 1,200 National Guard troops, adding to the 17,400 agents on the U.S. side of the border to help stem drug traffic and illegal immigration.

Behind the carnage in Mexico is an industry that supplies hundreds of tons of cocaine, heroin, marijuana and methamphetamines to Americans. The cartels have built a network of dealers in 231 U.S. cities from coast to coast, taking in about $39 billion in sales annually, according to the Justice Department. [Continue reading at the link below]

The Tonka Report Editor’s Note: Read more below… This is a lengthy but very worthwhile investigative article in order to gain an understanding of the criminality these international banking cartels are involved with, as well as the true nature of the contrived ‘war on drugs’ and why the drugs remain illegal– SJH

Link to entire article below…

http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html

Alert: Gulf Oil Disaster Presents Unprecedented Toxicity Problems

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June 30, 2010: Kim Evans / NaturalNews via Global Research – June 29, 2010

If you’re living in the U.S., particularly within a thousand miles of the Gulf, you need to detoxify your body now.

Here`s why: Crude oil is packed with a toxic chemical called benzene. Even in small amounts, benzene is associated with leukemia, Hodgkin`s Lymphoma and other serious blood and immune system diseases. The EPA`s “safe level” for benzene is 4 ppb (parts per billion) and benzene is being found in Gulf air at levels of 3,000 ppb.

Crude oil is being smelled hundreds of miles away, and make no mistake, if you can smell oil, you’re breathing highly toxic benzene.

With the oil, numerous toxic gases are also gushing from earth and gases that everyone near the Gulf is being exposed to include hydrogen sulfide and methylene chloride. The EPA`s allowable limit for hydrogen sulfide is 5-10 ppb (parts per billion), but on May 3rd air levels of 1,192 ppb were recorded. A former oil company CEO says these levels pose serious, even fatal, risks to adults and unborn children. Hydrogen sulfide acts like carbon monoxide and cyanide gases – it inhibits cellular respiration and oxygen uptake, and causes cellular suffocation. As for methylene chloride, the body changes it to carbon monoxide – and it`s known to cause liver damage, skin damage and cancer. The EPA`s safe level for methylene chloride is 61 ppb – and it`s being found in the air at levels of 3,000 ppb.

Most people know that the chemical dispersant BP is using is highly toxic. It`s so toxic that the EPA ordered BP to use a different and less toxic dispersant – an order which BP ignored. Currently, over a million gallons of these toxic chemicals have been dumped into our oceans. With the Exxon Valdez oil spill, the same dispersant caused serious respiratory, liver, nervous system, kidney and blood damage in people – and reports that clean up crews in the Gulf are falling ill are plenty. On the manufacturer`s label, it says that no toxicity testing has been done, but these chemicals being used in enormous and uncontained quantities are obviously very toxic.

All of this sounds bad, and it is, but here`s the kicker: as part of the earth`s interconnected ecosystem, rain water comes from the oceans. So, it shouldn`t be a surprise that scientists are predicting severe destruction across the U.S. from toxic rains – and it appears the first cases are being reported about 400 miles from the Gulf. In fact, hundreds of acres of Tennessee farm land are at risk.

The crops have small, raindrop-sized burn marks on them and while the mainstream media is reporting crop damage, they haven`t yet made the connection between the toxic, chemical-ridden rains and the potential crop failure. It`s being reported that these raindrop-sized burn marks are affecting everything in sight, and no plant is immune. Dead birds are also being found nearby. These crops may fail and if they do survive, it`s likely they`ll be toxic to consume because plants being watered with toxic chemicals will absorb those chemicals into their cells.

So, what can you do? Detoxify your body now and continue to do so regularly in the months and years to come. These chemicals in the air – and likely soon in the drinking water and in crops that do survive – present a very real danger inside our bodies. Thankfully, there are methods to remove these chemicals – but it`s up to you to take the steps to do so.

Corexit Is Eating Through Boat Hulls In The Gulf

The Tonka Report Editor’s Note: And with the earliest recorded hurricane (Alex) since 1995, this is going to become an even more dangerous and very deadly situation as the Gulf oil disaster gets worse– SJH   

Link to original article below…

http://www.globalresearch.ca/index.php?context=va&aid=19962