default avatar
Welcome to the site! Login or Signup below.
Logout|My Dashboard

To win the war on drugs, stop money laundering

Font Size:
Default font size
Larger font size

Posted: Tuesday, April 12, 2011 12:00 am | Updated: 6:33 am, Tue Apr 12, 2011.

Drug trafficking cartels cannot do business without laundering their money. There is no place to hide or to do business with billions of dollars of cash or gold. If so-called “war” against drugs was serious, enforcement against obvious money laundering would be serious.

Money laundering involves deposits of large sums of money in accounts that are not inconspicuous. For example, when 5.7 tons of cocaine were discovered aboard a DC-9 in Mexico, which landed outside its flight plan, investigation found that it was purchased through accounts in Wachovia and Bank of America. According to www.worldreports.org and Bloomberg, Wachovia Bank admitted it failed to monitor suspicious activities on $378.4 billion of transactions.

Wells Fargo paid $160 million in fines and penalties (less than 2 percent of its 2009 profits), and the U.S. agreed to drop all charges if Wells Fargo fulfilled its pledge to improve money laundering detection.

Worldreports.org endorsed a report on money laundering that was published by Bloomberg, and the point was that finally an American news agency had reported a criminal activity that was already obvious.

As a matter of routine, with a long list of threats on the life of late editor Christopher Story, worldreports journalism gave reports on political power that were contrary to popular belief. Story criticized the popular opinion that communist Soviet Union had collapsed without a single shot being fired, and more recently, Story reported on the real influence behind Obama. I have taken interest in his reporting on the Chinese-British raid on U.S. Treasury.

Daniel Hutchins


Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don’t pretend you’re someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don’t threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don’t insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the ‘Report’ link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.
  • 9 Don’t be a troll.
  • 10 Don’t reveal personal information about other commenters. You may reveal your own personal information, but we advise you not to do so.
  • 11 We reserve the right, at our discretion, to monitor, delete or choose not to post any comment. This may include removing or monitoring posts that we believe violate the spirit or letter of these rules, or that we otherwise determine at our discretion needs to be monitored, not posted, or deleted.

Welcome to the discussion.

1 comment:

  • daniel hutchins posted at 11:56 pm on Wed, Apr 13, 2011.

    daniel hutchins Posts: 1342

    Waaaaaa. Nobody argued in my letter, not even Jerome.
    Where is Jerome when I need him most?


Recent Comments

Posted 7 hours ago by Ed Walters.

article: Raley’s celebrates re-opening of Sargen…

If you plan on speeding on Sargent Rd., beware of the roundabout as it will slow you down fast. [wink]


Posted 8 hours ago by Ed Walters.

article: Letter: The drought is punishment

Myers, man is always asking or praying for something, now you believe the West Coast is caught in a drought due to people disobeying God…


Posted 8 hours ago by Jien Kaur.

article: Letter: How is free community college g…

A friend of mine and I are both placing our bets on the 'Fox and Friends' as the show the Mr Wilson is dedicated to since it has the 3 peop…


Posted 9 hours ago by Ed Walters.

article: Letter: How is free community college g…

Chang, Insults, honest; [sleeping] [huh] [sneaky] [scared] Same O, Same O


Posted 10 hours ago by Steve Schmidt.

article: Letter: The drought is punishment

Ross Farrow is dead? I guess I missed that. Lodi is poorer without him. :(



Popular Stories



Your News

News for the community, by the community.

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists