Cocaine Makes World Go Round

Max Keiser ^ | 4/7/2011 | Max Keiser

[cowtowney]

Cocaine Makes World Go Round

[cowtowney]

Max puts forth the theory that Mexican cocaine profits/cash was withdrawn from banks in August 2007 which is what caused our banking crisis.

[Terry Mross]

Cocaine’s a hell of a drug.

[cowtowney]

here’s the link to the video

http://maxkeiser.com/2011/04/07/keiser-report-cocaine-makes-world-go-round/

[BenLurkin]

[humblegunner]

Actually, no.

This is the link to the video, sans blog:

http://www.youtube.com/watch?v=IDdODlFVIfw&feature=player_embedded

[Boogieman]

“Because remember in a global economy, it’s all credit and paper money, there’s no cash except for the drug money...”

I think he needs to lay off whatever drugs he is doing if that sentence makes any sense to him.

[cowtowney]

Thanks

[cowtowney]

Just another reason to legalize drugs

[TennesseeGirl]

The documentary, Cocaine Cowboys, notes how Florida's (particularly South Florida's) economy tanked after the Feds got serious about shutting down the pipelines in the 80s. I remember the banks, car dealerships, realtors, restaurants, boat dealerships, all types of retailers, etc. did suffer when the cocaine money was pulled out. I was married to a Floridian at that time.

[cowtowney]

bump