Topic: Interbank Loans

The U.S. Senate accused HSBC of massive money laundering for drug cartels and terrorist organizations. Adam Curry links this to the LIBOR scandal, suggesting that drug money provided necessary liquidity for interbank loans during the financial crisis. He references United Nations reports estimating that hundreds of billions in drug profits are laundered through the global banking system annually.

The UN Office on Drugs and Crime reports that illegal drug money provided essential liquidity for interbank loans during the financial crisis. This supports a theory that the war in Afghanistan is primarily motivated by the $320 billion global drug trade.