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February 5, 2013

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Ivanov - Drug Trafficking Is Lifeline for Financial System and Terror Networks

We Are All on Drugs
We Are All on Drugs (Photo credit: Wikipedia)
Russian anti-drug czar Victor Ivanov gave a lengthy interview on Jan. 17 to the Spanish-language edition of Russia Today TV. For years now, he has repeatedly denounced the major international banks for actively seeking drug money deposits, and has specified that a return to Glass-Steagall standard would put an end to this process.

In his latest remarks, Ivanov said: “... unfortunately, it has to be said that one of the major beneficiaries [of the drug trade] is the world financial system. Since the funds obtained from the yearly drug trade are estimated to be between 500 and 800 billion dollars, it goes without saying that those billions of dollars are not placed under the pillow, but become part of the financial system -- they are legalized, they are laundered, causing colossal damage to the country’s economy.’’

Ivanov also pointed to the role of the drug trade in the spreading terrorist war in northern Africa: “Recently there is a tendency to transport a significant quantity of drugs through the countries of Western Africa towards Europe. In the last five years, the market for cocaine sales in Europe grew by approximately 2 to 4 times; that is to say, there was a gigantic redistribution of flows.”

The traffickers are heavily armed, with RPGs, helicopters, transport aircraft, and even missiles. Ivanov countered the line that drugs are mainly a health problem, which is the classical argument of the legalization crowd. While there are certainly people who are dependent on drugs, he said, “there is financial demand, and financial demand is dictated by the stable profits of the cartels... That means that there is also the demand of the world banking system, which is also used to receiving these stable subsidies in a total amount of some 800 billion dollars.”

Behind the drive for legalization, he pointed out, “there are powerful financial groups.” In the case of the wave of referenda in favor of marijuana legalization in the United States, “my American colleagues said directly that, behind this fact, are big financiers, including some very famous ones who finance movements of this sort.” Although Ivanov did not mention George Soros by name, he is notorious as a funder of the drive. - E.I.R. Strategic Alert

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