Wednesday February 21, 2018
SNc Channels:

Search
About Salem-News.com

 

Aug-30-2011 16:54printcomments

Imperialism: Bankers, Drug Wars and Genocide

On one side of the “war on drugs” are the major Wall Street banks; on the other side, the White House and its imperial military strategists and in the ‘middle’ are 90 million Mexicans and 40,000 murder victims and counting.

Money circle
Courtesy: afaceaface.org

(NEW YORK) - In May 2011, Mexican investigators uncovered another mass clandestine grave with dozens of mutilated corpses; bringing the total number of victims to 40,000 killed since 2006 when the Calderon regime announced its “war on drug traffickers”

Backed by advisers, agents and arms, the White House has been the principal promotor of a ‘war’ that has totally decimated Mexico’s society and economy.

If Washington has been the driving force for the regime’s war, Wall Street banks have been the main instruments ensuring the profits of the drug cartels. Every major US bank has been deeply involved in laundering hundreds of billions of dollars in drug profits, for the better part of the past decade.

Mexico’s descent into this inferno has been engineered by the leading US financial and political institutions, each supporting ‘one side or the other’ in the bloody “total war” which spares no one, no place and no moment in time. While the Pentagon arms the Mexican government and the US Drug Enforcement Agency enforces the “military solution”, the biggest US banks receive, launder and transfer hundreds of billions of dollars to the drug lords’ accounts, who then buy modern arms, pay private armies of assassins and corrupt untold numbers of political and law enforcement officials on both sides of the border.

Mexico’s Descent in the Inferno

Everyday scores, if not hundreds, of corpses – appear in streets and or are found in unmarked graves; dozens are murdered in their homes, cars, public transport, offices and even hospitals; known and unknown victims in the hundreds are kidnapped and disappear; school children, parents, teachers, doctors and businesspeople are seized in broad daylight and held for ransom or murdered in retaliation. Thousands of migrant workers are kidnapped, robbed, ransomed, murdered and evidence is emerging that some are sold into the illegal ‘organ trade’. The police are barricaded in their commissaries; the military, if and when it arrives, takes out its frustration on entire cities, shooting more civilians than cartel soldiers. Everyday life revolves around surviving the daily death toll; threats are everywhere, the armed gangs and military patrols fire and kill with virtual impunity. People live in fear and anger.

The Free Trade Agreement: The Sparks that lit the Inferno

In the late 1980’s, Mexico was in crisis, but the people chose a legal way out: they elected a President, Cuahtemoc Cardenas, on the basis of his national program to promote the economic revitalization of agriculture and industry. The Mexican elite, led by Carlos Salinas of the Institutional Revolutionary Party (PRI) chose otherwise and subverted the election: The electorate was denied its victory; the peaceful mass protests were ignored. Salinas and subsequent Mexican presidents vigorously pursued a free trade agreement (NAFTA) with the US and Canada, which rapidly drove millions of Mexican farmers, ranchers and small business people into bankruptcy. Devastation led to the flight of millions of immigrant workers. Rural movements of debtors flourished and ebbed, were co-opted or repressed. The misery of the legal economy contrasted with the burgeoning wealth of the traffickers of drugs and people, which generated a growing demand for well-paid armed auxiliaries as soldiers for the cartels. The regional drug syndicates emerged out of the local affluence.

In the new millennium, popular movements and a new electoral hope arose: Andres Manuel Lopez Obrador (AMLO). By 2006 a vast peaceful electoral movement promised substantial social and economic reforms to ‘integrate millions of disaffected youth’. In the parallel economy, the drug cartels were expanding and benefiting from the misery of millions of workers and peasants marginalized by the Mexican elite, who had plundered the public treasury, speculated in real estate, robbed the oil industry and created enormous privatized monopolies in the communication and banking sectors.

In 2006, millions of Mexican voters were once again denied their electoral victory: The last best hope for a peaceful transformation was dashed. Backed by the US Administration, Felipe Calderon stole the election and proceeded to launch the “War on Drug Traffickers” strategy dictated by Washington.

The War Strategy Escalates the Drug War: The Banking Crises Deepens the Ties with Drug Traffickers

The massive escalation of homicides and violence in Mexico began with the declaration of a war on the drug cartels by the fraudulently elected President Calderon, a policy pushed initially by the Bush Administration and subsequently strongly backed by the Obama – Clinton regime.

Over 40,000 Mexican soldiers filled the streets, towns and barrios – violently assaulting citizens - especially young people. The cartels retaliated by escalating their armed assaults on police. The war spread to all the major cities and along the major highways and rural roads; murders multiplied and Mexico descended further into a Dantesque inferno. Meanwhile, the Obama regime ‘reaffirmed’ its support for a militarist solution on both sides of the border: Over 500,000 Mexican immigrants were seized and expelled from the US; heavily armed border patrols multiplied. Cross border gun sales grew exponentially.

The US “market” for Mexican manufactured goods and agricultural products shrank, further widening the pool for cartel recruits while the supply of high powered weapons increased. White House gun and drug policies strengthened both sides in this maniacal murderous cycle: The US government armed the Calderon regime and the American gun manufacturers sold guns to the cartels through both legal and underground arms sales. Steady or increasing demand for drugs in the US – and the grotesque profits derived from trafficking and sales— remained the primary driving force behind the tidal wave of violence and societal disintegration in Mexico.

Drug profits, in the most basic sense, are secured through the ability of the cartels to launder and transfer billions of dollars through the US banking system. The scale and scope of the US banking-drug cartel alliance surpasses any other economic activity of the US private banking system. According to US Justice Department records, one bank alone, Wachovia Bank (now owned by Wells Fargo), laundered $378.3 billion dollars between May 1, 2004 and May 31, 2007 (The Guardian, May 11, 2011). Every major bank in the US has served as an active financial partner of the murderous drug cartels – including Bank of America, Citibank, and JP Morgan, as well as overseas banks operating out of New York, Miami and Los Angeles, as well as London.

While the White House pays the Mexican state and army to kill Mexicans suspected of drug trafficking, the US Justice Department belatedly slaps a relatively small fine on the major US financial accomplice to the murderous drug trade, Wachovia Bank, spares its bank officials from any jail time and allows major cases to lapse into dismissal.

The major agency of the US Treasury involved in investigating money laundering, the Undersecretary for Terrorism and Financial Intelligence, deliberately ignored the blatant collaboration of US banks with drug terrorists, concentrating almost their entire staff and resources on enforcing sanctions against Iran. For seven years, Treasury Undersecretary Stuart Levey used his power as head of the Department for Terrorism and Financial Intelligence to pursue Israel’s phony “war on terrorism” against Iran, rather than shut down Wachovia’s money-laundering operations with the Mexican drug terrorists. In this period of time an estimated 40,000 Mexican civilian have been killed by the cartels and the army.

Without US arms and financial services supporting both the illegitimate Mexican regimes and the drug cartels – there could be no “drug war”, no mass killings and no state terror. The simple acts of stopping the flood of cheap subsidized US agriculture products into Mexico and de-criminalizing the use and purchase of cocaine in the US would dry up the pool of ‘cartel soldiers’ from the bankrupted Mexican peasantry and the cut back the profits and demand for illegal drugs in the US market.

The Drug Traffickers, the Banks and the White House

If the major US banks are the financial engines which allow the billion dollar drug empires to operate, the White House, the US Congress and the law enforcement agencies are the basic protectors of these banks. Despite the deep and pervasive involvement of the major banks in laundering hundreds of billions of dollars in illicit funds, the “court settlements” pursued by US prosecutors have led to no jail time for the bankers. One court’s settlement amounted to a fine of $50 million dollars, less than 0.5% of one of the banks (the Wachovia/Wells Fargo bank) $12.3 billion profits for 2009 (The Guardian, May 11, 2011). Despite the death of tens of thousands of Mexican civilians, US executive branch directed the DEA, the federal prosecutors and judges to impose such a laughable ‘punishment’ on Wachovia for its illegal services to the drug cartels. The most prominent economic officials of the Bush and Obama regimes, including Summers, Paulson, Geithner, Greenspan, Bernacke et al, are all long term associates, advisers and members of the leading financial houses and banks implicated in laundering the billions of drug profits.

Laundering drug money is one of the most lucrative sources of profit for Wall Street; the banks charge hefty commissions on the transfer of drug profits, which they then lend to borrowing institutions at interest rates far above what – if any – they pay to drug trafficker depositors. Awash in sanitized drug profits, these US titans of the finance world can easily buy their own elected officials to perpetuate the system.

Even more important and less obvious is the role of drug money in the recent financial meltdown, especially during its most critical first few weeks.

According to the head of United Nation’s Office on Drugs and Crime, Antonio Maria Costa, “In many instances, drug money (was)… currently the only liquid investment capital…. In the second half of 2008, liquidity was the banking system’s main problem and hence liquid capital became an important factor…interbank loans were funded by money that originated from drug trade and other illegal activities… (there were) signs that some banks were rescued in that way.” (Reuters, January 25, 2009. US edition). Capital flows from the drug billionaires were key to floating Wachovia and other leading banks. In a word: the drug billionaires saved the capitalist financial system from collapse!

Conclusion

By the end of the first decade of the 21st century, it has become clear that capital accumulation, at least in North America, is intimately linked to generalized violence and drug trafficking. Because capital accumulation is dependent on financial capital, and the latter is dependent on the industry profits from the multi-hundred-billion dollar drug trade, the entire ensemble is embedded in the ‘total war’ over drug profits. In times of deep crises the very survival of the US financial system – and through it, the world banking system – is linked to the liquidity of the drug “industry”.

At the most superficial level the destruction of Mexican and Central American societies – encompassing over 100 million people – is a result of a conflict between drug cartels and the political regimes of the region. At a there is a multiplier or “ripple effect” related to their collaboration: the cartels draw on the support of the US banks to realize their profits; they spend hundreds of millions on the US arms industry and others to secure their supplies, transport and markets; they employ tens of thousands of recruits for their vast private armies and civilian networks and they purchase the compliance of political and military officials on both sides of the borders.

For its part, the Mexican government acts as a conduit for US Pentagon/Federal police, Homeland Security, drug enforcement and political apparatuses prosecuting the ‘war’, which has put Mexican lives, property and security at risk. The White House stands at the strategic center of operations – the Mexican regime serves as the front-line executioners.

On one side of the “war on drugs” are the major Wall Street banks; on the other side, the White House and its imperial military strategists and in the ‘middle’ are 90 million Mexicans and 40,000 murder victims and counting.

Relying on political fraud to impose economic deregulation in the 1990’s (neo-liberalism), the US policies led directly to the social disintegration, criminalization and militarization of the current decade. The sophisticated narco-finance economy has now become the most advanced stage of neo-liberalism. When the respectable become criminals, the criminals become respectable.

The issue of genocide in Mexico has been determined by the empire and its “knowing” bankers and cynical rulers.

http://petras.lahaine.org :: Printing version

_________________________________
On December 8 2010 The Club of Mexican Journalists awarded James Petras  its prestigious INTERNATIONAL JOURNALISM PRIZE for outstanding Research and Analysis of World News. He was cited for the depth and breadth of his publications as well as his fearlessness in challenging established powers.

"Dr. James Petras is one of the greatest personalities of critical intellect of our time. His numerous books, which have been translated into many languages, and his opinion articles which are invariably defined by their rigor and decisive data, widely documented and placed within their social context, have turned this thinker into one of the most lucid and coherent minds of recent times. Naturally, this has earned Dr. Petras the resentment of those who feel affected by his tireless efforts. Nevertheless, countless readers all over the world seek the words of this thinker to defend themselves from propaganda that intends to make us sympathize with the single-minded thinking of neoliberalism."

 

WAR CRIMES IN GAZA and the ZIONIST FIFTH COLUMN IN AMERICA

ISBN: 0-9845255-0-5 ISBN13: 978-0-9845255-0-8 / $15.00 / 126 pp. / 2010


The texts and illustrations in this book provide graphic accounts and visual evidence of why Israel has provoked a worldwide 'Boycott, Divestment and Sanctions' campaign by human rights activists, trade unions and a multitude of other groups, including individuals in Israel and Jewish organizations in Europe and North America. It includes the Executive Summary of the Goldstone Report, an in depth case study of Israel's war crimes in Gaza. The US governments' sustained complicity with Israeli war crimes in the face of worldwide reprobation, and the conduct of the Obama White House and nearly 90% of the US Congress in denouncing the Goldstone Report are addressed in the chapters discussing the political, economic and cultural power of the Presidents of the Major American Jewish organizations, including but not confined to AIPAC.

 
GLOBAL DEPRESSION AND REGIONAL WARS

ISBN: 0-932863-68-X ISBN13: 978-0-932863-68-3 $16.95 / 234 pp. / 2009

This book exposes the roots of the crisis in the unsustainability of the United States' military-driven empire building based on a volatile speculative economy, and influenced by Zionist policy makers committed to the colonialist state of Israel. It offers a critical study of the collapse of the empire and a profound indictment of the respectable and prestigious personalities either responsible for the debacle, or for its continuance. Petras provides clear insight into how the ramifications of the world depression and regional wars that originated in Washington and on Wall Street are extending throughout the world, provoking popular challenges especially in Latin America, while reinforcing the belligerency and increasingly fascistic nature of the state of Israel. He demonstrates how unending wars and a deepening capitalist depression have demolished the ideology of free market neo-liberalism and forced to the forefront the need for structural changes.
 
 
ZIONISM, MILITARISM AND THE DECLINE OF US POWER

ISBN: 0-932863-60-4 / 978-0-932863-60-7 / $16.95 / 192 pages / 2008

Only Zion-Con demands and Israeli interests can explain the current US moves against Iran---threats, infiltrations, naval blockades, US Treasury-imposed sanctions on the entire Iranian financial sector including threats to global finance for any linkages---policies which are contrary to the interests of Big Oil, US corporations, and the weakened US military. Petras empirically demonstrates that while the interests of the US do not in fact coincide with those of Israel, the effective power of the pro-Zionist Lobby gives Israel the capacity to replace the US agenda with its own. At a time when our national economy is in deep crisis, the Israel Lobby is pushing for a new military confrontation and war with Iran, oblivious to its catastrophic consequences for the American people. Major pro-Israel officials and the White House are passing more police-state legislation to control and silence the growing majority opposition to the expansion of wars in the Middle East promoted by the Israel Lobby.
 
RULERS AND RULED IN THE US EMPIRE: Bankers, Zionists, Militants

ISBN: 0-932863-54-X / 264 pp / $16.95 / 2007

This book provides a comprehensive guide to the systemic dimensions of the US empire. Petras elaborates the changes within the US ruling class, as its manufacturing sector declines and gives way to the ascendancy of finance capital, illustrated by its dominance of both the US economy, and the parameters for political debate on the US role in the world economy (globalization, trade liberalization). Petras addresses the fallacy of discussions on the imminent collapse of capitalism when what is occurring in reality is the collapse of workers’ rights. He elaborates the contradictions in current immigration/trade liberalization policies, and how these work toward forcing the displacement of peoples, and furthering the underdevelopment of third world countries. He reveals the dark heart of modern empire, in the emergence and proliferation of holocaust-scale carnage.and further outlines how the world capitalist system is laced together in an intricate hierarchy where the US pulls most of the strings, even outside its ostensible area of dominance. The role of corruption in securing world markets is addressed, as are the reasons for the spectacular global growth in new billionaires.
 
THE POWER OF ISRAEL IN THE UNITED STATES

ISBN: 0-932863-51-5 / 192 pp. / $16.95 / 2006

This book is a chapter-by-chapter analysis and documentation of the power of Israel via the Israeli, Jewish or Pro-Zionist Lobby on US Middle East policy. It raises serious questions as to the primary beneficiary of US policy, and its destructive results for the United States. The extraordinary extent of US political, economic, military and diplomatic support for the state of Israel is explored, along with the means whereby such support is generated and consolidated. Contending that Zionist power in America ensured unconditional US backing for Israeli colonization of Palestine and its massive uprooting of Palestinians, it views the interests of Israel rather than those of Big Oil as the primary cause of the disastrous US wars against Iraq and threats of war against Iran and Syria. It demonstrates and condemns US imitation of Israeli practice as it relates to conduct of the war on terrorism and torture. It sheds light on the AIPAC spying scandal and other Israeli espionage against America; the fraudulent and complicit role of America’s academic “terrorist experts” in furthering criminal government policies, and the orchestration of the Danish cartoons to foment antipathy between Muslims and the West.

It questions the inability in America to sustain or even formulate a discourse related to the subject of Israeli influence on the United States.

 

CLARITY PRESS, INC. http://www.claritypress.com




Comments Leave a comment on this story.
Name:

All comments and messages are approved by people and self promotional links or unacceptable comments are denied.



COLLI August 31, 2011 5:06 pm (Pacific time)

The bankers run this country and, for that matter, the world. Clearly, the Whitehouse and Congress are nothing more than puppets who dance to whichever tune the puppetmasters decide to play.


Anonymous August 31, 2011 3:16 am (Pacific time)

exelente articulo!!!

[Return to Top]
©2018 Salem-News.com. All opinions expressed in this article are those of the author and do not necessarily reflect those of Salem-News.com.


Articles for August 29, 2011 | Articles for August 30, 2011 | Articles for August 31, 2011


Your customers are looking: Advertise on Salem-News.com!

Support
Salem-News.com:


Steele`s Karate
In Salem
Sign Up Now!

Annual Hemp Festival & Event Calendar