Comments on: Drugs, terrorism and shadow banking

By: EMPRO

EMPRO — Sun, 12 Sep 2010 16:48:18 +0000

Hello,

I see this type of transaction from time to time back when I work in the hotel indsutry. A person would come in trying to use a prepaid credit card. They wouild give me this hole story about how they travel on business and how theuir boss pass them in these cards. Sound fishy. Once I would say We dont accept them he would come back and ask to pay straight cash. once I say I need an ID they would disaspear.

By: wineo339

wineo339 — Mon, 05 Apr 2010 17:08:10 +0000

To that end, the only question the FBI and the rest of the US intelligence agencies need to answer is, as to how was Saddam able to accumulate over a billion dollars in cash, US $100 brand new notes.All secretly packed in cheap metal cases with not even the US Treasury having any records. The penny-ante two bit drug smugglers may be a problem, but like these too big to fall shyster banks, and more then half of Wall street manipulating the fundamentally flawed economics with impunity. How about US Agencies like the CIA, DOD, State Department and others side stepping all accountability and shifting billions for pet projects of the politicians and covert actions.
Not to mention the private entity the Federal Reserve under the tutelage of the god father the Chairman using, abusing, misappropriating the taxpayers money with no transparency, amenability, without any rules regulations, all done in secret and with impunity.

Money laundering within the Govt. system itself is a much bigger issue and problems then the drug dealers etc. Ponzi schemes like what Madoff and others operated, the speculation of oil, gas, water, food and price fixing is to up hold the fundamentally flawed economic system. Plus the US Federal Deficit of some $10 trillion during 8 years of Bush totally incompetent MBA Presidency and US debt of over $14 trillion to the Chinese, Arabs and others is a much bigger issue and problem.

All this while the middlemen shyster bankers rob the country and the people blind.

By: TLWiz

TLWiz — Mon, 05 Apr 2010 13:10:42 +0000

The root of the drug problem is the demand for drugs. Attack the drug use / addiction problem and reduce demand.

By: laeticus

laeticus — Fri, 02 Apr 2010 18:11:26 +0000

Why not stop everyone from traveling, install cameras in everyone’s home, embed us all with a chip while you are at it? The stupid rules and laws do nothing to stop criminals or terrorists, they merely make it easier for the governments to control the people! With the sophisticated science that is available, why not directly go after the terrorists or drug dealers… oh yeah! you’re trying that in the Middle east and S. America.. easy isn’t it?

Far easier to make our lives miserable!

By: Ghandiolfini

Ghandiolfini — Fri, 02 Apr 2010 08:38:33 +0000

…and the oil dealers are smarter than the arms dealers who are smarter than the human traffickers who are smarter than the pimps who are smarter than the warlords…

By: willthisnamedo

willthisnamedo — Wed, 31 Mar 2010 04:00:27 +0000

so does that mean that travellers to the US now have to have all their cards checked. what if I deposited $1,000,000 into my visa card, then accessed it offshore – how would the airport security know…..will visitors have to bring up to date credit card statements with them – this is all so stupid, America doesn’t stand a chance against the drug lords. they are much smarter than the US government and have more money

By: Ghandiolfini

Ghandiolfini — Sun, 28 Mar 2010 16:58:32 +0000

Anonmucker, that is such a simple and accurate observation.

There’s a Kind of a Hush.

By: Ismailtaimur

Ismailtaimur — Sun, 28 Mar 2010 16:57:43 +0000

Its a brilliant article , bravo that there are journalists like you.

By: DGCmagazine

DGCmagazine — Sun, 28 Mar 2010 01:44:48 +0000

I can see the headline now: “President declares WAR on Shadow Banking”…what bullsh*t Plain and simple, gov. to much control. Don’t fold, stand up for freedom and privacy demand DIGITAL GOLD CURRENCY. Paper is poverty.

Mark Herpel
editor@dgcmagazine.com

By: matonis

matonis — Sat, 27 Mar 2010 21:26:14 +0000

Thank God for The Shadow Economy and the Shadow Banking System!

We pretty much had the same set of issues when I was the CEO at HushMail. Of course, scammers and crooks would use the encrypted email service to hide their tracks and we responded to about 125 government subpoenas per week (the inboxes were encrypted, however). Political dissidents in Tibet, asylum seekers, protected witnesses, etc were also the users of HushMail so I felt good about providing a liberating service to many around the world.

What people fail to realize is that financial privacy is just as fundamental as communication/email privacy. Look at the Jews under Hitler that sought to protect their generational wealth. It is a core right (and not to be taken lightly). It matters not that other miscreants use a particular service, because laying the rails of the infrastructure benefits society for the good as well. Today, scammers and crooks use the telephones and mail, but we don’t blame the phone companies or the US Post Office. Furthermore, the underground economy is full of people using Helicopter Ben’s Federal Reserve notes but society doesn’t blame the Fed for providing paper $100 bills to the kidnappers, drug dealers, organized crime, and pedophiles.

Anonymous, untraceable digital cash is a fundamental right of financial privacy. RESIST DIGITAL MONEY ….. unless it’s anonymous.

http://themonetaryfuture.blogspot.com