Joe Bruno on the Mob – Irish Drug Gangs Hurt By Recession.

 

The worldwide recession has become so broad, Irish drug gangs are losing tons of cash. People just cant afford to buy cocaine anymore, so the Irish drug gangs have decided to branch out to the rest of Europe, and sell cheaper drugs just to make a decent buck.

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As is stated in thee article below, the down tick in cash receipts have force the Irish drug gangs to concentrate on the sale of cheaper drugs, such as herbal cannabis, which is generally known in America as pot.

One unidentified member of the gardai said, “The Irish picture is a reflection of what is happening globally. What is going on in the real economy is mirrored in the drugs world. The spending power of the end user has diminished and the state of the economy dictates that some drug types become more popular.”

To cut expenses in the buying and distribution of cannabis, the Irish drug gangs are now constructing growhouses, where they can grow their own cannabis, instead of importing it from places like South America, West Africa, Spain and the Netherlands. This, in effect, cuts out the middleman and put more cash into the Irish drug gang’s pockets.

When times were going good during the so-called “Celtic Tiger” era, Irish drug dealers gave credit on the purchase of drug to their frequent customers, which was called giving out drugs “on tick”. But with so many people out of work in Ireland, customers who always paid on time, have now stiffed their neighborhood drug dealers out of substantial amounts of cash, which has put a crimp on the drug dealer’s cash flow.

You know things are bad when people can’t even afford to shove cocaine up their nostrils any longer. What’s next for the Irish drug dealers? Selling watered down Guinness?

It makes a person want to shed a tear for the unfortunate drug dealers, who are caught in the throes of a great recession.

Or maybe not.

The article below can be found at:

http://www.belfasttelegraph.co.uk/news/local-national/republic-of-ireland/irish-drug-gangs-change-tactics-as-downturn-ruins-their-fortunes-16048445.html

Irish drug gangs change tactics as downturn ruins their fortunes
http://www.collegebound.net

Drug traffickers and other organised gangsters have lost millions of euro as a result of the recession.

A huge fall-off in demand for cocaine, allied to a series of dodgy investments in property and shares, have devastated the lucrative nest eggs they had built up during the boom times.

Now the criminals are switching their focus in a bid to recover some of their losses and tap into new areas.

Dozens of Irish gangsters have become heavily immersed in the European scene and are no longer confining their activities to sending drug shipments back to Ireland.

They have developed their range of contacts in countries such as the Netherlands, Spain and Belgium and are using these to buy into shipments intended for destinations with much larger markets than here.

Gardai confirmed last night that the Irish are among the big players on the European scene and regularly show up on the radars of local police forces on the Continent.

“The Irish criminals have learned to follow the market and interact with other OCGs (organised crime gangs) to purchase large shipments and then become involved in selling on the drugs in smaller quantities,” an officer explained.

“There is a lot of crossover among the gangs and there are no cell structures that might exist in a terrorist organisation.

“The Irish are acceptable as partners to become involved in joint enterprises with international gangs moving drugs from South America and west Africa to Spain and the Netherlands.”

Detectives from the garda national Drugs unit work closely with their European counterparts to combat the gangs as they know that, despite the reduced demand, they will continue to send shipments here and these are likely to increase again when the market improves.

“The Irish picture is a reflection of what is happening globally. What is going on in the real economy is mirrored in the drugs world,” the officer added.

“The spending power of the end user has diminished and the state of the economy dictates that some drug types become more popular.”

A lot of people who were cocaine users can no longer afford to buy it, resulting in a big drop in demand and supply. The new drug of choice for many is herbal cannabis and the Irish gangs have discovered that’s where the growth in the market lies although it took them some time to realise that the Chinese and Vietnamese gangs were ring fencing the new craze for growhouses.

It makes economic sense for the gangs to develop growhouses as they can eliminate transportation and logistical costs, increase profits by removing the European middlemen, reduce the risk of being caught by police and customs services here and in Europe and face lower penalties for cannabis rather than cocaine dealing.

The homegrown gangs have also suffered heavy financial losses as a result of advice from crooked accountants who advised them to invest in properties overseas or gamble on the stock exchange.

During the Celtic Tiger era, traffickers extended lines of credit to customers and drugs were given out “on tick”. But now the credit has disappeared and a lot of the dealers have been left with huge debts.

The growhouses represent one of their main hopes of recovering some of those losses.

http://www.josephbrunowriter.com/index.html

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