Sunday, January 09, 2005
Former ABC reporterJon Rappaport at www.nomorefakenews.com :"Major Foreign Holders of Treasury Securities"... a US Treasury Dept. page.
... It indicates that $85 billion of the US debt was bought, in the form of purchased US government paper (bonds, securities, etc.), by "Caribbean Bank Centers." There is a 2 after that entry. I thought the 2 referred to two bank centers, but it's a footnote. The footnote spells out where these Caribbean bank centers are located:
Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, Panama.
Places that have gathered fame as friends to laundered $$$.
Is this a coincidence? I would bet against that. I would say that bank centers in these places (notice that the exact banks are not named) have taken in very large amounts of drug money and then invested some of that money in US government paper---which is how the US finances its debt.
I mean, if you were the head of the DEA or the FBI and you were honest, and you found out that $85 billion of the US government debt was being bankrolled from such places, wouldn't you smell a rat? Wouldn't you investigate? The operative word here is HONEST.
The absence of such investigations, in the real world, is what you can call a clue. A clue that the war on drugs is, at best, a very limited and phony enterprise, designed (in part) to protect a favored source of revenue for the US government. Such protection involves, among other things, terminating major, major drug busts before they happen. A necessity, if those big $$$ are going to be successfully fielded by drug traffickers, deposited in "bank centers," and then invested in floating part of the US government debt.
A criminal operation of this kind and magnitude is obviously going to involve SKIMMING. By that I suggest that certain US government officials and certain other insiders are going to grab a significant commission along the way.
In fact, what we are looking at here is a DEAL, a TRADE-OFF. The traffickers are permitted to go about their business, with the understanding that they will buy up a piece of the US national debt.
As a partial analogy, the US Treasury document I'm referring to also ominously lists China as a very major holder of US government debt. Well, where does the government of China get the money to buy its piece of the US deficit? Let's see. There is slave labor or close-to-slave-labor in factories that turn out products that are sold to US companies. Does the US government entertain a flicker of conscience about that ugly situation? Of course not. In the same way, the US government does not mind at all that billions of its debt are bought by drug traffickers. It's just business. It's just money.
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES (in billions of dollars) {Estimated foreign holdings of U.S. Treasury marketable and nonmarketable bills, bonds and notes are based on Treasury Foreign Portfolio Investment Survey benchmarks and on monthly data reported under the Treasury International Capital (TIC) reporting system.}
[...]
Caribbean Banking Centers 2 85.2 (billion dollars in 2004)...
{Includes Bahamas, Bermuda, Cayman Islands, Netherlands Antilles, and Panama.}
.....---
.....| Posted at 23:41 | PERMA-LINK |
|
FEED
TOTAL411 PODCAST
SELECTED VIDEO ]