HSBC Whistleblower Nicholas Wilson Opines on City of London Cancer

Jan. 16, 2020 (EIRNS)—Hongkong and Shanghai Bank whistleblower Nicholas Wilson, talking to Sputnik about the effect of the Brexit on the City of London financial center, said that drug money is what had kept the financial system alive during the 2008 crisis. He said: “Nothing can be done to clean up the City of London. If any politician tried to dismantle the City of London the world economy would collapse. Drugs money was the only thing that kept the banks going during the 2008 financial crisis.”

(Well, it was also the Federal Reserve bailout, but it does not hurt that Sputnik blazens the headline: “ ‘World Economy Would Collapse’ If City of London Stopped Laundering Money, Says HSBC Whistleblower.”)

Wilson warned against the designated successor to Mark Carney as governor of the Bank of England, current Financial Conduct Authority Chief Executive Andrew Bailey, saying he has closed both eyes to all laundering and corruption scandals involving the City of London. Said Wilson: “The EU wanted to tighten up on money laundering and the U.K. was the only country who voted against it. ... Capitalism relies on a swash of dirty money which is moved around and supports investment around the world.”

A fact first exposed by EIR’s 1978 book Dope, Inc. Britain’s Opium War against the U.S., when the Hongkong and Shanghai Bank was still the “central bank” of British Crown Colony, Hong Kong.