The U.S. Treasury and Justice Departments, Friday, respectively, issued sets of guidelines for conduct by banks, giving them the go-ahead to engage in loans, checking and savings accounts, and other financial services to marijuana operations, despite Federal laws against this in all 50 states. The guidelines are directly in line with the infamous British East India Company’s practice to kill people and nations with dope, which the Obama Administration has now restored as an active opium-state legacy for the U.S.A., run through Wall Street/City of London.
Banks can now go for dope trade money in all 20 states and the District of Columbia, where state and D.C. law have legalized marijuana use for “medical” highs, and in Washington and Colorado, for “recreational” highs.
The Treasury Department’s February 15 guidelines spell out specifics on how banks relate to marijuana dispensers, who until now, have been using subterfuge bank accounts, or cash. The Justice Department’s Feb. 15 guidance orders its U.S. attorneys not to pursue any legal action against banks who follow the new Treasury guidelines, and prior guidelines issued last August.
Sen. Chuck Grassley (R-Iowa), the ranking member of the Senate Judiciary Committee has issued a statement denouncing the Obama Administration’s action:
“Marijuana trafficking is illegal under Federal law, and it’s illegal for banks to deal with marijuana sale proceeds under Federal law. Only Congress can change these laws. The Administration can’t change the law with a memo.”
“Congress should make marijuana legal, then,” is the response from some bankster circles. Frank Keating, President and CEO of the American Bankers Association, who is personally leading the charge against restoration of the Glass-Steagall Act, is quoted widely on the latest Obama executive moves, as not enough. “This guidance doesn’t alter the underlying challenge for banks. Possession or distribution of marijuana violates Federal law, and banks that provide support for those activities face the risk of prosecution and assorted sanctions.” (Washington Post, Feb. 15).