It is now relatively well known that the late Pablo Escobar and the associated Medellin Cartel were heavily involved with the Iran-Contra cocaine traffic of the 1980’s. Press accounts have now surfaced in Italy and the UK about Escobar having banked some of his proceeds with Roberto Calvi’s Banco Ambrosiano. Found murdered in London in late 1982, Calvi was the adviser to the IOR, having succeeded the late Michele Sindona in that regard. (Like Calvi, Sindona was a member of the Licio Gelli’s P‑2 Lodge.) Disclosure of the Calvi/Escobar link suggests another link between the Iran-Contra affair and the Stibam arms for drugs ring that heavily overlapped the milieu of the P‑2, Vatican Bank and the Banco Ambrosiano.
Comment: Ettore Gotti Tedeschi–head of the Vatican Bank–espoused the free-market ideology that led to the crash of 2008. Tedeschi has also advised then Cardinal Ratzinger and helped him write an economic thesis. (Ratzinger became, of course, Pope Benedict.) Not surprisingly, Tedeschi is a member of Opus Dei, the fascist lay Catholic order that has been […]
Comment: For many years, we’ve looked at the Vatican Bank–the IOR (Institute for Religious Works.) Long a vehicle for the financing of fascism and criminal undertakings, the institution has FINALLY come under investigation for money laundering. (The Vatican Bank was discussed at length in AFA #18.) “Vatican Bank ‘Investigated over Money Laundering”; BBC News; 9/21/2010. […]
Food Services Giant Sodexo’s scams cost taxpayers, school children big bucks; Timothy Geithner ignored U.S. Treasury bonds naked short selling; Swiss Banks joining AIG in offshore machinations.
Financial aspects of the abortive “War on Terror.”
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