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26 November 2006

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Grumpy

Col., this may sound like a simple question, but that would not be true. When do we start to honestly start tracking the money? Policy makers must stay completely out of this search, even the perception of involvement will cause contamination of this process. Let the facts be your guide. This will be no easy process. When completed, then and only then, you produce and print your N.I.E.. Again, then and only then, do our policy makers see, comment or own the results of this search. The policy makers do not have the right to change it. The N.I.E. maintains its own integrity. Respectfully, "Grumpy"

different clue

Someone I know once worked at one of the 12 Federal Reserve Center Banks. I once got invited to go with this person to a
social get-together of mid-
level FedReserve analysts and stuff. I was talking with one of the analysts who
was involved in tracking money flows by category and
amount, from where to where,
etc. I asked if The Fed had
a separate category, by name, for international illegal drug-money flows.
He said no. I said, jo-king-ly, "Probably because
the amount is so vast as to
be too embarrassing to even
admit to, name, and show on
graphs, tables, and charts."
And he said, no joke at all,
"Yes, actually that is the
reason."

Politically embarassing?
Socially embarrasing? Embarrassing to the so-called " field of economics"? I don't know and I didn't pursue it. But
it is going to be very hard
to get any unit of government to even study
socially or politically embarrassing money flows.
After all, they can't name
what they haven't even studied.

So first, we would have to
extract information about
who decided why certain money flows will not even be
named and tracked, let alone
analyzed? And who was that
decider covering up for, personally or institutionally or social-class wise?

johnf

Moises Naim's book "Illicit: How Smugglers, Traffickers and Copycats are Hijacking the Global Economy" covers in detail the confluence of smugglers and terrorists and money launderers in the new frontierless landscape of the deregulated global economy.

There is nothing new about this - there were great efforts to close down these unofficial financial channels after 9/11 - until, of course, it was realized that the super rich use exactly the same channels and tax havens to smuggle their great wealth and avoid the tax man.

I believe that the Chechen rebels largely finance their war through the hijacking and smuggling of oil.

FDR_Democrat

On a related topic, an article today notes the 65th anniversary of the creation of the AK-47 and talks about its impact on Post-WW2 politics and warfare.

See http://www.washingtonpost.com/wp-dyn/content/article/2006/11/24/AR2006112400788.html

Trent

John Robb's latest post covers this as well.

Kevin

"On a related topic, an article today notes the 65th anniversary of the creation of the AK-47 and talks about its impact on Post-WW2 politics and warfare."

I picked one up at the gun show on Veterans Day. A Romanian GP WASR-10 for only $315- CHEAP! Based on the size of the mag well(fits high capacity mags), it was manufactured after the assault weapon ban expired; however, the muzzle nut was tack welded,- nothing a hack saw cant fix ;) (yes, it is legal in my state- god bless the GOP!)

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