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Hong Kong The Worlds Drug Capital

Shifting focus to New York City for a moment indicates the magnitude of the world s drag-centered illegal economy. Most estimates put the city s addict population at 500,000 (and another 250,000 nationally). Assuming a 50 per day habit is average — which the federal estimates apparently do — this addict population must obtain 9 billion a year out of New York City s faltering economy to meet its needs. [Pg.107]

Where does it get 9 billion Not substantially through wellpaying jobs. With rare exceptions that is physically impossible. Not from muggings however bad matters seem, neither 500,000 muggings, nor a combination of muggings and burglaries, take place daily in New York City. Even prostitution could contribute only a small portion of the 9 billion annual habit of New York City s addicts. [Pg.107]

Where does the money come from From organized crime activity the numbers racket, bookmaking, protection rackets, autotheft, stolen auto parts distribution, prostitution, pornography, arson-for-hire, and similar occupations. Drag addiction could not possibly exist without organized crime to provide the means of financing addiction. [Pg.107]

The annual exports of the colony this year will be no more than [Pg.107]

In effect, the cash-based local drug traffic in Hong Kong created a reserve base for offshore lending to finance the drug traffic in the rest of Asia Since 1975, however, the development of the offshore bond market and the influx of foreign capital has led to the reduction of the liquidity ratio to a still-extraordinary 43 percent. [Pg.110]




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