Banks Were Saved from 2008 Crisis by Drug Money: What’s Next?

France 5 aired a very interesting series of three documentaries on drug trafficking. Frenchmen are actually the ones who started it – in Indochina – and spread it toward the United States through the “French Connection”. Nothing to be proud of, really. In the third and last part, “On the Trail of Dirty Money” (airing until October 6), the documentary explains (starting at 45’) just how drug money laundering saved the banking system from defaulting during the 2008 crisis. Is this an exaggerated statement? Let’s remember that Roberto Saviano, an investigative reporter made famous by his book on the mafia, Gomorra (2007), was stating the same thing in his following book ZeroZeroZero, an investigation into the cocaine trade, but, sadly, we haven’t heard as much about it. The whole of the eleventh chapter is dedicated to the matter. The drug barons were the only ones holding large quantities of cash at a time when all banks were short of it, the documentary explains. The...

from GoldBroker.com https://www.goldbroker.com/news/banks-were-saved-from-2008-crisis-drug-money-whats-next-1405