World View: Drug Cartel Networks Move to Honduras from Mexico, Colombia

This morning's key headlines from GenerationalDynamics.com

  • Vatican Bank reacts to allegations of international money-laundering
  • Drug cartel networks move to Honduras from Mexico and Colombia

Vatican Bank reacts to allegations of international money-laundering

Vatican Bank
Vatican Bank

For the first time in its history, the Institute for the Works of Religion (IOR), usually referred to as the Vatican Bank, has published an annual report. According to the report, the 2012 earnings are 86.6 million euros, with 5 billion euros in assets.

At the same time, the IOR may be forced to close all its international embassy accounts. This is consequence of a three-year investigation that appears to indicate that Iran, Iraq and Indonesia have been using the IOR to launder tens of millions of dollars. The investigation began in 2009, but was blocked several times by other Vatican officials. When Francis became Pope several months ago, he revived the investigation, resulting in the resignation on July 1 of the director of the Vatican Bank under allegations of money laundering. Catholic Herald and Reuters

Drug cartel networks move to Honduras from Mexico and Colombia

Because of counter-narcotics policies in Colombia and Mexico organized crime syndicates have been forced relocate to other Latin American countries, where they're meeting a lot less resistance. The model is Venezuela, where deals between drug gangs and Hugo Chávez turned Venezuela into a narcostate. Now, Honduras is being targeted, thanks to the political chaos that followed the 2009 attempt by the Marxist Chávez acolyte Manuel Zelaya to illegally modify the constitution. Zelaya's Marxist allies are encouraging drug trafficking in Honduras in order to make the country ungovernable, allowing a Marxist coup. By 2011, Honduras had one of the highest homicide rates in the world, with 91.6 homicides per 100,000 residents. Today, the US State Department’s 2013 International Narcotics Control Strategy Report estimates "87 percent of all cocaine smuggling flights departing South America first land in Honduras." AEI


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