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

VIENNA: 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.

To view dictionary popup window put your cursor on the blue scripture words.
Sorcery

“Neither repented they of their murders, nor of their sorceriesStrongs 5331: pharmakeia, far-mak-i´-ah; from 5332; medication (“pharmacy”), i.e. (by extension) magic (literally or figuratively):—sorcery, witchcraft. •Strongs 5332: pharmakeus, far-mak-yoos´; from fa¿rmakon pharmakon (a drug, i.e. spell-giving potion); a druggist (“pharmacist”) or poisoner, i.e. (by extension) a magician:—sorcerer. , nor of their fornication, nor of their thefts.”
—Rev 9:21

“for by thy sorceriesStrongs 5331: pharmakeia, far-mak-i´-ah; from 5332; medication (“pharmacy”), i.e. (by extension) magic (literally or figuratively):—sorcery, witchcraft. •Strongs 5332: pharmakeus, far-mak-yoos´; from fa¿rmakon pharmakon (a drug, i.e. spell-giving potion); a druggist (“pharmacist”) or poisoner, i.e. (by extension) a magician:—sorcerer. were all nations deceived.”
—Rev 18:23c

Vienna-based UNODC Executive Director Antonio Maria Costa said in an interview released by Austrian weekly Profil that drug money often became the only available capital when the crisis spiralled out of control last year.

“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.”

The United Nations Office on Drugs and Crime had found evidence that “interbank loans were funded by money that originated from drug trade and other illegal activities,” Costa was quoted as saying. There were “signs that some banks were rescued in that way.”

Profil said Costa declined to identify countries or banks which may have received drug money and gave no indication how much cash might be involved. He only said Austria was not on top of his list, Profil said.

  1. Willie, 12 March, 2009

    Just don’t be deceived into believing that the only evil drug trade is illegal drugs. Big pharma is unrepentant. From artificial sweeteners to mind altering drugs and unnecessary vaccines there is a lot of money to be made and the key to the vault is fear. Fear of being too fat, bird flu, depression, and sexually transmitted diseases will fill pharmaceutical coffers for years to come. Just look at the diet industry alone. And when vaccines are tainted with live flu strains (which is supposed to be impossible to happen accidentally) it appears that the evil idea of deliberately infecting innocent people is on the agenda for making big profits. Be aware.

Copyright © In The Days