Friday, February 16, 2007

Business as Usual

The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent.
The staggering scale of the biggest transfer of cash in the history of the Federal Reserve has been graphically laid bare by a US congressional committee.
In the year after the invasion of Iraq in 2003 nearly 281 million notes, weighing 363 tonnes, were sent from New York to Baghdad for disbursement to Iraqi ministries and US contractors. Using C-130 planes, the deliveries took place once or twice a month with the biggest of $2,401,600,000 on June 22 2004, six days before the handover.
Details of the shipments have emerged in a memorandum prepared for the meeting of the House committee on oversight and government reform which is examining Iraqi reconstruction. Its chairman, Henry Waxman, a fierce critic of the war, said the way the cash had been handled was mind-boggling. "The numbers are so large that it doesn't seem possible that they're true. Who in their right mind would send 363 tonnes of cash into a war zone?"


I guess there is a need for a story about the 393 tons of $100 bills the federal reserve sent t0 war torn Iraq and dispersed without any oversight, but it's just business as usual. The tyranny of the federal government is becoming so transparent and commonplace that it doesn't even get a reaction out of most people any more. Business as usual. What are we fighting for in Iraq again? Stealing billions and billions of dollars from the government and giving it away to, we don't know who they gave it away to, God knows who is no example for that fledgling democracy in Iraq. It is a good lesson for them on how to steal from the people, which is something the united states does extremely well.

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