20% of global economy from profits of organised crime (drugs money)

The following article has not hit the Irish papers or blogs but is undoubtedly the most important piece of information I have read in recent times. It calls into question the whole “Drugs war” strategy of geniuses like George Bush and Oriel Park’s Dermot Ahern TD. This article underscores the point that I have been making for years – that the “Drugs War” is lost and is doing much more harm than good. So it must be abandoned. Ahern should be talking about this issue and not blasphemy and other absurdities.

Just look at the massive breakdown of society in Mexico and Columbia as a result of the “Drugs gangs”. The murder, intimidation and torture is never ending. These are evil people. The last thing they want is legalisation and government supply, quality control and taxes. The big picture is this stuff. What you see in gang murders in Dublin is a tiny spin-off even though it is dreadful.

Article Below:-

The drug billions that got me into a John le Carré spy thrillerObserver journalist Rajeev Syal is honoured that one of his articles graces the cover of the novelist’s new book

Rajeev Syal The Observer, Sunday 12 September 2010

John le Carré’s Our Kind of Traitor tells of a Russian gangster who informs
MI5 about the billions that he has laundered. I am feeling a little too pleased with myself. Smiley, you might say.

John le Carré, the spymaster novelist famed for his cold war characters, has generously reprinted an article I wrote for this newspaper on the inside cover of his latest novel as a way of illustrating a point about money laundering.

Our Kind of Traitor tells of a foul-mouthed Russian gangster who has “cleaned” billions of dirty dollars for his thuggish mates and wishes to tell MI5 about the world he inhabits. The master thriller writer, famed for his character George Smiley, tells how the proceeds of international crimes – mainly drug related – are washed through offshore bank accounts, enormous property deals and the purchase of international institutions.

My news story, which appeared in the Observer nine months ago, reported how leading banks around the world, desperate for cash in the current financial crisis, turned to the proceeds of organised crime as the only liquid investment capital available.

The head of the UN Office on Drugs and Crime said in an interview that colossal piles of drugs money had kept the world financial system afloat when it looked dangerously close to collapse. The market eventually absorbed the greater part of a mind-boggling $352bn (£229bn) of drugs profits into the global economic system, laundering that vast sum in the process.

The newspaper story was not, alas, le Carré’s inspiration. It broke long after he had finished writing his book, but he has told interviewers that it confirmed the novel’s main point: a huge slice of the global economy, as much as a fifth on some estimates, is made up by the profits of organised crime.

Recognition does not come to news reporters very often, which is why it’s a thrill to see your work in a soon-to-be bestselling novel. But given the subject matter, it might be inappropriate to ask for any of its royalties to be filtered away for me into an offshore account.