Posts tonen met het label banking. Alle posts tonen
Posts tonen met het label banking. Alle posts tonen
maandag 10 augustus 2015
donderdag 22 mei 2014
Anunnaki and Ancient Hidden Technology + The banking fraud and the Ubuntu society (MUST SEE)
The banking fraud part link skips to the right time! We are slaves to the banks but we don't have to be. We can live without money, think about it, can't imagine? Watch! https://www.youtube.com/watch?feature=player_detailpage&v=NiVROBhwHUM#t=4773
Dutch: Tijd over? Kijk onderstaande lecture van Michael Tellinger. Vanaf ong. Hr 01:30 neemt het een onverwachte wending en start hij over de banken en het geldsysteem waar we allemaal slaaf aan zijn. Ook bied hij hier de oplossing voor.
Dit is de directe link naar het het stuk als je maar een halfuurtje hebt https://www.youtube.com/watch?feature=player_detailpage&v=NiVROBhwHUM#t=4773
maandag 24 februari 2014
In One Month, Everyone In Iceland Will Own Cryptocurrency
Auroracoin sure does have a nice logo.
Image: Auroracoin
The cryptocurrency craze spun into a new realm of ridiculous with Kanyecoin, Dogecoin, Ron Paul Coin and the bounty of other clone-coins that sprung up to ride the Bitcoin wave.
But the latest altcoin to enter the market, Auroracoin, wants to take the futurist trend back to its cryptoanarchist roots. The altcoin was designed specifically for Iceland, and the creator plans to give every citizen of the Nordic country a digital handful of Auroracoins to kickstart their use.
Auroracoin is the brainchild of cryptocurrency enthusiast Baldur Friggjar Odinsson, and he'll be the one distributing pre-mined coins to the entire population of Iceland at midnight on March 25 in a countrywide "airdrop."
Each Icelandic citizen - all 330,000 of them - will receive 31.8 AUC through a digital transaction.
Citizens all have a national ID number available through a public database, which will be used to verify their identity.
"So I intend to leverage this system so everyone has a chance to verify their ID and get their share of Auroracoins. For most, it will be as easy as logging onto Facebook," Odinsson told me. "People will have (at least) a year to claim their coins."
Why would someone want to give away over 10 million digital coins? To stick it to the man, naturally.
Auroracoin creators believe the digital currency can buck the "unholy alliance" between governments and too-big-to-fail banks, by taking the power away from politicians and giving it back to the people.
Iceland's economy is still reeling from the country's major financial meltdown in 2008, when greedy banksters nearly bankrupted the traditionally well-off nation.
The banking system collapsed, followed by a run on deposits from foreign investors in the Netherlands and UK. Iceland's fiat currency, the Krona, plummeted; inflation exploded; the stock market did a nosedive; and the national debt skyrocketed.
(Actually, the currency’s problems go back even further than the 2008 crisis; the Krona has lost 99.5 percent of its value since 1960 relative to the US dollar.)
Iceland's new 10,000 ISK bill
is worth about $85, according to the Central Bank.
Iceland avoided bankruptcy, but spiraled into an economic recession it's only recently beginning to recover from.
Major banks were nationalized and the government imposed capital controls to stabilize the economy that were supposed to be temporary but are still in place today.
As a result, any foreign currency earned has to be turned over to the Central Bank of Iceland, people can't freely trade internationally or invest in business abroad and foreigners are hesitant to invest in Icelandic companies, which further stifles economic growth.
"I started wondering how to break the cycle, and came to the conclusion that we had to democratize money in Iceland," Odinsson said."It has to be divorced from the corrupt banks and government. I thought Iceland might be too small and isolated (because of the capital controls) for a cryptocurrency like bitcoin and litecoin to naturally take root.So I thought: What if everyone just got some cryptocoins and could use them or discard them or do anything they wanted with them? And as I thought more about this I realized that this could actually be done."
Odinsson turned to digital currency to get around these government restrictions.
Remember when Bitcoin boomed after the government in Cyprus tried to pull itself out of financial ruin by reaching into citizens’ pockets? That’s what Odinsson’s hoping will happen with Auroracoin in Iceland.
So can it work? Well, Iceland is well-positioned to be a guinea pig for national cryptocurrencies.
It's small - the population's about the size of San Mateo - and nearly everyone is online and brandishing gadgets. Icelanders tend to be tech-savvy and well-educated, and Odinsson's betting it won't be too hard to get people up to speed on virtual currencies. Plus Iceland has a thing for virtual stuff anyway.
Odinsson's taking the unconventional approach of pre-mining half of the Auroracoin stock, which is based off the Litecoin source code, so that the early adopters won't just be techsperts with expensive mining hardware but the whole public.
Now he's encouraging developers to make tools like payment software and virtual wallets for currency, and calling on all global currency exchanges to accept the new Nordic altcoin come March.
"People will try out the system, they will send coins and use them for fun, and then they may gradually gain some economic value. People will speculate on the coins and they will have some monetary value of at some point," said Odinsson."If the Airdrop works in Iceland, I can see similar schemes being employed in other countries with a history of economic mismanagement. I know there is an Irish version of Auroracoin currently in development, and I could see an Argentinean one working as well."
Source: http://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking368.htm
donderdag 12 september 2013
Deconstructing The Syrian Banking System
Amid the daily turmoil in Syria, it comes as something of a surprise to see the financial statements of 12 of the country’s banks posted, quarter by quarter, on the website of the Damascus Securities Exchange (DSE).
By the end of May, all 12 had published audited financial statements for 2012, complete with detailed accounting notes.
But despite the apparent normality projected by the DSE’s website (daily changes in stock prices stream across the home page; weekly trading reports are easily available and up to date), echoes of the civil war can be detected.
In recent weeks, three banks have had trading in their shares suspended because they did not provide the Exchange with reports on their Annual General Assembly meetings – it is hardly surprising that convening an annual meeting, to be attended by numerous prominent directors and shareholders, is difficult to arrange when large gatherings present easy targets for bombs.
On 17 January, Bank Bemo Saudi Fransi informed the Exchange that it had transferred all funds in its Dair al-Zour branch to its head office in Damascus. (A few days later, rebel forces captured strategic positions around the city.) On 5 March the bank informed the Exchange that a convoy taking money to the Central Bank had been attacked by an armed gang, resulting in lost funds of S£25mn.
Amid the acres of news that have been published about the conflict in Syria, little has been written about how the conflict has affected the financial system. Economic reporting tends to focus on the exchange rate (which has depreciated by more than 100% since the start of the conflict) and the level of the Central Bank of Syria’s foreign exchange reserves (now probably down to around $2bn-3bn).
Banking Activity Has Declined DramaticallyCash, of course, is playing a much greater role in the economy than before. Banking activity is at a minimum as banks run down existing credit facilities while continuing to fund basic imports such as food and medicine. Banks say that they are able to get dollars as well as local currency to stock their ATMs (in areas under government control), although money exchangers are playing an increasingly important role in the distribution of cash.
Banks’ financial statements should give a reasonable impression of the broad trends in a country’s financial system. Those published in Syria – one of the least developed banking systems in the Middle East, even before the civil war – need to be treated with considerable care, although the figures published by subsidiaries of overseas banks are likely to be more reliable since overseas head offices are subject to supervision and auditing standards that are more robust than those applied in Syria.
With that caveat in mind, the financial statements of the 12 banks that report to the DSE show an aggregate 28% decline in loans extended in the two years to the end of 2012 and a 29% decline in customers’ deposits. In both cases the figures under-state the effective shrinkage in the banking system. Syrian banks report their financial results in Syrian pounds but have, at least in the past, extended some loans and taken some deposits in foreign currency.
A 50% devaluation in the Syrian pound will increase the reported value of a foreign currency loan by 50% on a bank’s local currency-denominated balance sheet. Without that effect, the banks’ loan portfolios would have shown a much greater decline.
As the crisis has deepened, banks have been converting foreign currency loans into local currency loans in the hope of improving their borrowers’ ability to repay. Again, the accounting treatment around such transactions has a big effect on the banks’ balance sheets, inflating the apparent size of their loan portfolios.
Well-placed observers comment that the assets and liabilities of the banking system have fallen dramatically since the end of 2012.
By the end of May, all 12 had published audited financial statements for 2012, complete with detailed accounting notes.
But despite the apparent normality projected by the DSE’s website (daily changes in stock prices stream across the home page; weekly trading reports are easily available and up to date), echoes of the civil war can be detected.
In recent weeks, three banks have had trading in their shares suspended because they did not provide the Exchange with reports on their Annual General Assembly meetings – it is hardly surprising that convening an annual meeting, to be attended by numerous prominent directors and shareholders, is difficult to arrange when large gatherings present easy targets for bombs.
On 17 January, Bank Bemo Saudi Fransi informed the Exchange that it had transferred all funds in its Dair al-Zour branch to its head office in Damascus. (A few days later, rebel forces captured strategic positions around the city.) On 5 March the bank informed the Exchange that a convoy taking money to the Central Bank had been attacked by an armed gang, resulting in lost funds of S£25mn.
Amid the acres of news that have been published about the conflict in Syria, little has been written about how the conflict has affected the financial system. Economic reporting tends to focus on the exchange rate (which has depreciated by more than 100% since the start of the conflict) and the level of the Central Bank of Syria’s foreign exchange reserves (now probably down to around $2bn-3bn).
Banking Activity Has Declined DramaticallyCash, of course, is playing a much greater role in the economy than before. Banking activity is at a minimum as banks run down existing credit facilities while continuing to fund basic imports such as food and medicine. Banks say that they are able to get dollars as well as local currency to stock their ATMs (in areas under government control), although money exchangers are playing an increasingly important role in the distribution of cash.
Banks’ financial statements should give a reasonable impression of the broad trends in a country’s financial system. Those published in Syria – one of the least developed banking systems in the Middle East, even before the civil war – need to be treated with considerable care, although the figures published by subsidiaries of overseas banks are likely to be more reliable since overseas head offices are subject to supervision and auditing standards that are more robust than those applied in Syria.
With that caveat in mind, the financial statements of the 12 banks that report to the DSE show an aggregate 28% decline in loans extended in the two years to the end of 2012 and a 29% decline in customers’ deposits. In both cases the figures under-state the effective shrinkage in the banking system. Syrian banks report their financial results in Syrian pounds but have, at least in the past, extended some loans and taken some deposits in foreign currency.
A 50% devaluation in the Syrian pound will increase the reported value of a foreign currency loan by 50% on a bank’s local currency-denominated balance sheet. Without that effect, the banks’ loan portfolios would have shown a much greater decline.
As the crisis has deepened, banks have been converting foreign currency loans into local currency loans in the hope of improving their borrowers’ ability to repay. Again, the accounting treatment around such transactions has a big effect on the banks’ balance sheets, inflating the apparent size of their loan portfolios.
Well-placed observers comment that the assets and liabilities of the banking system have fallen dramatically since the end of 2012.
Syrian Banks’ Exposure To Key Foreign Banks Now MinimalThe decline of international lending and borrowing by Syrian banks can be seen in figures published by the Bank for International Settlements (BIS), an institution that tracks overseas exposures of banks in the major world economies. According to the BIS, banks in major economies had placed $264mn with banks in Syria (including the Central Bank) at the end of 2009. This figure halved by the end of 2010 and at the end of 2012 was down to $42mn. Placements by Syrian banks (including the Central Bank) with banks in the major economies stood at $16.31bn at the end of 2009, remained steady through 2010 before falling to $2.33bn at the end of 2012. The fall in placements by Syrian banks reflects both the repatriation and spending of much-needed foreign currency, as well as the redeployment of funds out of the major international banking systems and into others where the reach of international sanctions is less keenly felt.
The Syrian banking system was one of the smallest in the Middle East even before the civil war. Assets of $47.7bn at the end of 2010 represented 2.1% of the assets of commercial banks in the Arab Middle East. Private sector deposits of $23.5bn represented about 2.2%. This was a little more than Oman and Tunisia. Private sector credit was equivalent to 23% of Gross Domestic Product – a very low figure in a region where banks dominate financial intermediation.
Non-Performing Loans Double or TrebleIncome and net profit figures of the 12 listed banks have been fluctuating wildly as a result of revaluations of assets and as a result of loan loss provisioning. All 12 of the listed banks reported a doubling of non-performing loans (NPLs) in 2012 and in some cases a trebling or even quadrupling. Eight banks showed NPLs as more than 20% of their total loan portfolio.
Three of the 12 listed banks declared net losses for 2012, but income statements carry little meaning in the current Syrian environment. Quite apart from the exchange rate, which can turn revenue streams into losses, or vice versa, from one reporting period to another, the physical destruction of a client’s businesses can render loans which were performing yesterday uncollectable today.
(Although the exchange rate has depreciated considerably during the last two years, it is interesting to note that the unofficial rate shows big fluctuations and at times can show significant appreciation as well as depreciation. The collapse of a country’s exchange rate during a time of civil war cannot be assumed. For example, the Lebanese pound remained around $1=LL3 for the first seven years of the Lebanese civil war and only started to slide after the Israeli invasion of 1982, with the really big devaluations happening in the late 1980s and early 1990s. As any seasoned Lebanese banker will tell you, militias expect to be paid in cash, and usually in dollars, so civil wars bring a lot of foreign currency into a country, regardless of whether the official sector is running low on its own foreign reserves.)
The State-Owned Banks Dominate the Banking SystemThe 12 listed banks account for about a quarter of banking assets and liabilities in Syria. The state-owned banks dominate the system but their financial statements for recent years are not available.
The Central Bank of Syria’s public disclosure of aggregate banking statistics peters out in early 2011. Statistics for year-end 2010 show aggregated assets for the 20 banks at $47.7bn (converting the Central Bank’s Syrian pound figures into dollars at a rate of $1=S£45.79). State banks account for 71% of this. Note that not all private sector banks are listed on the DSE - Cham Bank and al-Baraka Syria are not.
Physical Safety and Hard Cash Crucial for Banking ActivityLooking ahead, the most obvious threats to the continuation of banking services in Syria are physical – the destruction of bank branches or security threats that prevent banks restocking their ATMs or prevent their staff from going to work. (In mid-June, the website of Arab Bank Syria announced that banking services had been discontinued at eight of its branches (out of 19), most of them in the south western corner of Syria, near the Lebanese border.)
The availability of physical cash in government-controlled areas will be another challenge for the banks. Much will depend on the willingness of the regime’s foreign backers to facilitate the printing of local-currency bank notes and the provision of foreign currency notes. (It is assumed that rebel-held areas will continue to receive cash dollars from their foreign benefactors.)
The state-owned banks will continue to support local industries, providing loans and not calling-in bad debts. They will be able to do this because the Central Bank of Syria will not enforce its own regulations. And because state-owned banks account for such a large part of the banking system, a significant part of the economy will be able to continue to operate as if all is well and everyone is paying everyone else on time. Again, it is when banking gets “physical” – for example, when wages have to be paid in cash, or foreigners paid in Dollars or Euros – that problems arise. If confidence in the regime declines, then, in regime- controlled areas, cash will become even more important than it is now.
*Andrew Cunningham has spent more than 25 years writing, training and consulting on banking and finance, both in the Middle East and in Europe and the U.S.
Darien Middle East advises clients on international financial regulation and best practices in risk management and corporate governance. The firm was founded in 2010 by Andrew Cunningham and is based in London. The firm publishes regular briefings on financial markets under the title, Darien Analytics.
zondag 2 juni 2013
Money Laundering and the drug trade
by Dylan MurphyMay 07, 2013
from GlobalResearch Website
Mexico is in the grip of a murderous drug war that has killed over 150,000 people since 2006.It is one of the most violent countries on earth.This drug war is a product of the transnational drug trade which is worth up to $400 billion a year and accounts for about8% of all international trade.
The American government maintains that there is no alternative but to vigorously prosecute their zero tolerance policy of arresting drug users and their dealers. This has led to the incarceration of over 500,000 Americans.
Meanwhile the flood of illegal drugs into America continues unabated.
One thing the American government has not done is to prosecute the largest banks in the world for supporting the drug cartels by washing billions of dollars of their blood stained money.
As Narco sphere journalist Bill Conroy has observed banks are "where the money is" in the global drug war.
...amongst many others have allegedly failed to comply with American anti-money laundering (AML) laws.
The Mexican drug cartels have caught the headlines again and again due to their murderous activities.
The war between the different drug cartels and the war between the cartels and government security forces has spilled the blood of tens of thousands of innocent people. The drug cartels would find it much harder to profit from their murderous activity if they didn’t have too big to fail banks willing to wash their dirty money.
In March 2010 Wachovia cut a deal with the US government which involved the bank being given fines of $160 million under a "deferred prosecution" agreement.
This was due to Wachovia’s heavy involvement in money laundering moving up to $378.4 billion over several years. Not one banker was prosecuted for illegal involvement in the drugs trade. Meanwhile small time drug dealers and users go to prison.
If any member of the public is caught in possession of a few grams of coke or heroin you can bet your bottom dollar they will be going down to serve some hard time.
However, if you are a bankster caught laundering billions of dollars for some of the most murderous people on the planet you get off with a slap on the wrist in the form of some puny fine and a deferred prosecution deal.
Charles A. Intriago, president of the Miami-based Association of Certified Financial Crime Specialists has observed,
"… If you’re an individual, and get caught, you get hammered.
"But if you’re a big bank, and you’re caught moving money for a terrorist or drug dealer, you don’t have to worry. You just fork over a monetary penalty, and then raise your fees to make up for it.
"Until we see bankers walking off in handcuffs to face charges in these cases, nothing is going to change," Intriago adds. "These monetary penalties are just a cost of doing business to them, like paying for a new corporate jet."
This failure on the behalf of the US government to really crack down on the finances of the drug cartels extends to British banks as well.
In July 2012 the US Senate Committee on Homeland Security and Governmental Affairs issued a 339 page report detailing an amazing catalogue of "criminal " behaviour by London based HSBC. This includes washing over $881 for the Mexican Sinaloa Cartel and for the Norte del Valle Cartel in Colombia.
Besides this, HSBC affiliated banks such as HBUS repeatedly broke American AML laws by their long standing and severe AML deficiencies which allowed Saudi banks such as Al Rajhi to finance terrorist groups that included Al-Qaeda.
HBUS the American affiliate of HSBC supplied Al Rajhi bank with nearly $1 billion in US dollars.
Jack Blum an attorney and former Senate investigator has commented,
"They violated every goddamn law in the book. They took every imaginable form of illegal and illicit business."
HSBC affiliate HBUS was repeatedly instructed to improve its anti-money laundering program.
In 2003 the Federal Reserve Bank of New York took enforcement action that called upon HBUS to improve its anti-money laundering program. In September 2010 the Office of Comptroller of the Currency (OCC) sent a, "blistering supervisory letter" to HBUS listing numerous AML problems at the bank.
In October 2010 this was followed up with the OCC issuing a cease and desist order requiring HBUS to improve its AML program a second time.
"HSBC’s Chief Compliance Officer and other senior executives in London knew what was going on, but allowed the deceptive conduct to continue."
Let us look at just a couple of the devastating findings in the Senate report.
The main focus of the report is the multiple failures of HSBC to comply with AML laws and regulations:
"The identified problems included a once massive backlog of over 17,000 alerts identifying possible suspicious activity that had yet to be reviewed; ineffective methods for identifying suspicious activity; a failure to file timely Suspicious Activity Reports with U.S. law enforcement; …a 3-year failure by HBUS [a HSBC affiliate], from mid-2006 to mid-2009, to conduct any AML monitoring of $15 billion in bulk cash transactions… a failure to monitor $60 trillion in annual wire transfer activity by customers… inadequate and unqualified AML staffing; inadequate AML resources; and AML leadership problems.
Since many of these criticisms targeted severe, widespread, and long standing AML deficiencies,….."
The report catalogues in great detail the failings of HSBC affiliates HBUS in America and HMEX in Mexico:
"from 2007 through 2008, HBMX was the single largest exporter ofU.S. dollars to HBUS, shipping $7 billion in cash to HBUS over two years, outstripping larger Mexican banks and other HSBC affiliates. Mexican and U.S. authorities expressed repeated concern that HBMX’s bulk cash shipments could reach that volume only if they included illegal drug proceeds.
The concern was that drug traffickers unable to deposit large amounts of cash in U.S. banks due to AML controls were transporting U.S. dollars to Mexico, arranging for bulk deposits there, and then using Mexican financial institutions to insert the cash back into the U.S. financial system… high profile clients involved in drug trafficking; millions of dollars in suspicious bulk travelers cheque transactions; inadequate staffing and resources; and a huge backlog of accounts marked for closure due to suspicious activity, but whose closures were delayed."
In the Senate hearing on 17 July 2012 Carl Levin Chairman of the Committee on Homeland Security and Governmental Affairs explained how HMEX helped the Mexican drug cartels:
"Because our tough AML laws in the United States have made it hard for drug cartels to find a U.S. bank willing to accept huge unexplained deposits of cash, they now smuggle U.S. dollars across the border into Mexico and look for a Mexican bank or casa de cambio willing to take the cash.
Some of those casas de cambios had accounts at HBMX. HBMX, in turn, took all the physical dollars it got and transported them by armored car or aircraft back across the border to HBUS for deposit into its U.S. banknotes account, completing the laundering cycle."
Senator Levin went on to note how,
"Over two years, from 2007 to 2008, HBMX shipped $7 billion in physical U.S. dollars to HBUS. That was more than any other Mexican bank, even one twice HBMX’s size.
When law enforcement and bank regulators in Mexico and the United States got wind of the banknotes transactions, they warned HBMX and HBUS that such large dollar volumes were red flags for drug proceeds moving through the HSBC network."
In December 2012 the Department of Justice cut a deal with HSBC which imposed a record $1.9 billion dollar fine.
It may sound a lot to ordinary folks but it is a tiny fraction of its annual profits which in 2011 totaled $22 billion. Assistant Attorney General Lanny Bauer announced the settlement at a press conference on 11 December 2012.
His comments reveal why the US government decided to go soft on such criminal behavior and show quite clearly how there is one law for the richest 1% and one law for the rest of us.
"Had the U.S. authorities decided to press criminal charges, HSBC would almost certainly have lost its banking license in the U.S., the future of the institution would have been under threat and the entire banking system would have been destabilized."
Think about that statement for a moment.
A bank that has quite clearly been caught out helping murderous drug criminals, terrorist groups, third world dictatorships and all sorts of criminal characters is to be let off with a slap on the wrist. No criminal prosecutions or even a mention of criminal behavior due to the fears that to do so would put the world economy in jeopardy.
So there you have it.
Banksters who engage in such behavior that is regarded as criminal by the vast majority of people on the planet are not only too big to fail they are also too big to jail.
After the Department of Justice announcement of the deferred prosecution HSBC Chief Executive Stuart Gulliver said,
"We accept responsibility for our past mistakes. We have said we are profoundly sorry for them, and we do so again."
Such statements will provide little solace to the families of the 150,000 people estimated by US Secretary of Defence Leon Panetta to have been killed in Mexico’s drug war.
Nor will it help the hundreds of thousands of Mexican citizens who have been forced to flee their homes and escape the violence by going to the United Sates or moving to other parts of Mexico.
Senator Elizabeth Warren appearing at a meeting of the Senate Banking Committee in February expressed frustration with officials from the US Treasury Department and US Federal Reserve over the issue of why criminal charges were not pressed on HSBC or any of its officials.
The officials were evasive when she tried to draw them on the issue of what it takes for a bank to have its license withdrawn:
"HSBC paid a fine, but no one individual went to trial, no individual was banned from banking, and there was no hearing to consider shutting down HSBC’s activities here in the United States.
So, what I’d like is, you’re the experts on money laundering. I’d like an opinion: What does it take - how many billions do you have to launder for drug lords and how many economic sanctions do you have to violate - before someone will consider shutting down a financial institution like this?"
Senator Warren finished the session by commenting on the glaring double standards within the US justice system:
"You know, if you’re caught with an ounce of cocaine, the chances are good you’re going to go to jail. If it happens repeatedly, you may go to jail for the rest of your life.
But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night, every single individual associated with this. I think that’s fundamentally wrong."
On 4 March 2013 HSBC announced profits of $20.6 billion in 2012 while it paid out a $3 million bonus to its CEO.
This outrageous state of affairs beggars belief after HSBC has been clearly caught out engaging in activity on behalf of murderous drug lords, terrorist financing banks and brutal third world dictatorships. Where is the British Government’s condemnation of HSBC?
You may be waiting a long time for that considering the fact that Chancellor George Osborne and his fellow ministers are intimately connected to the British banking elite.
Long time observer of the Mexican drug war Bill Conroy comments that the deal cut with HSBC by the Department of Justice,
"should illuminate for all the great pretense of the drug war - no matter how hard US prosecutors, via the mainstream media, attempt to convince us otherwise…And it should lead us to conclude, if we are honest with ourselves, that the so-called drug war is little more than one immense 'drug deal'."
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