Massive Drug Bust in …
[Headline from DRJ]
Reuters – U.S. seizes $1 billion worth of cocaine from ship in Philadelphia.
16.5 tons, one of the biggest seizures in decades.
— DRJ
[Headline from DRJ]
Reuters – U.S. seizes $1 billion worth of cocaine from ship in Philadelphia.
16.5 tons, one of the biggest seizures in decades.
— DRJ
Pronounced "Patter-EE-koh"
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You load sixteen tons, what do you get?
nk (dbc370) — 6/22/2019 @ 8:57 pmThirty to life, I think.
A favorite author had another term for cops and prosecutors’ “street value” when talking about drug busts: “Publicity value”.
nk (dbc370) — 6/22/2019 @ 8:59 pmStreet value? What? $100 million?
32,000 lbs of cocaine.
rcocean (1a839e) — 6/22/2019 @ 9:03 pm512,000 ounces. That’s less than $2,000 per ounce. I take my comment #2 back. That sounds about right. On the low side even.
nk (dbc370) — 6/22/2019 @ 9:09 pm$1 billion sounds about right.
nk (dbc370) — 6/22/2019 @ 9:10 pmThat is a great song, nk.
DRJ (15874d) — 6/22/2019 @ 9:11 pmIt’s 16.5 million grams (roughly one line for every man, woman and child in the US…)
I dunno what a gram of flake goes for on the street nowadays, but once upon a time it was around $100.
That would put the value well over $1B.
And I imagine they adulterate the stuff after importing it, so when it’s cut you can multiply that by at least a few.
Dave (1bb933) — 6/22/2019 @ 9:13 pmAn ounce was $2,000 when I defended an “ounce dealer”, and that was a while ago. I never had a kilo dealer, so I don’t know what the wholesale discount for larger amounts is.
nk (dbc370) — 6/22/2019 @ 9:17 pmHere is a site that claims to give prices per kilo in various locations.
http://www.narcoticnews.com/drug-prices/cocaine/
Ah, American capitalism! How else would we have commodity price reports on illegal drugs!
Kishnevi (573b0b) — 6/22/2019 @ 9:28 pmThis helpful page lists the price of a kilo in various cities.
It says about $33K/kilo for Philadelphia. So that’s ~$1k/ounce. Seems plausible.
The listed price in SoCal is about half that.
Dave (1bb933) — 6/22/2019 @ 9:29 pmDave, great minds think alike,
Kishnevi (573b0b) — 6/22/2019 @ 9:32 pmOr at least use Google the same way.
Snowstorm in June; film at 11.
DCSCA (797bc0) — 6/22/2019 @ 10:17 pmIn L.A. it’s only about 300 million.
But “this amount of cocaine could kill millions” seems overwrought. I mean, sure it could, but then the amount of .30S&W ammunition in guns shops could ALSO kill millions. But won’t.
Kevin M (21ca15) — 6/23/2019 @ 1:09 am*.32S%W
Kevin M (21ca15) — 6/23/2019 @ 1:10 amThat is a great song, nk.
I know most of it by heart. This morning I tried to pass it off to my daughter as country-rap, like Old Town Road, but she wasn’t buying it. She said “It’s country”. We did get into a discussion about company towns and company stores, and Carnegie, Rockefeller, The Gospel Of Wealth, and the hypocrisy thereof, though.
nk (dbc370) — 6/23/2019 @ 11:58 am