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Article
SOURCE
http://www.dailymail.co.uk/news/article-2003101/Missing-6-6billion-sent-George-W-Bush-aid-Iraq-stolen.html
IRAQ GOLD
DAILY MAIL - 2011
Revealed: How $6.6billion of taxpayers' money sent to Iraq by Bush may have been STOLEN
By Paul Bentley for the Daily Mail
Updated: 07:56 EST, 14 June 2011
It is thought to have been the biggest international cash airlift of all time, when $12billion in aid was flown by the Bush administration to postwar Iraq.
And now, for the first time, investigators auditing the cash have admitted that more than half of that huge amount may have been stolen when it got there in 'the largest theft of funds in national history'.
The Pentagon is finally closing the books on the reconstruction programme in Iraq but still cannot say what happened to $6.6billion of the money.
The massive amount of taxpayers' money is the equivalent of the amount needed to run the Los Angeles Unified School District or the Chicago Public Schools for a year.
In 2004, the U.S. sent $2.4billion in packaged bricks of $100 bills to Iraq in a giant C-130 Hercules cargo plane, followed by 20 other flights full of cash.
The loss of $6.6billion in taxpayers' money is a continuous embarrassment to the Pentagon.
Iraqi officials are also threatening legal action to reclaim the money, which came from seized Iraqi assets and Iraqi oil sales.
Now, for the first time, rather than put the loss down to an error in accounting, investigators have suggested the cash may have been stolen on the ground.
Stuart Bowen, special inspector general for Iraq reconstruction, said the money could have gone missing in 'the largest theft of funds in national history', according to the Los Angeles Times.
'Congress is not looking forward to having to spend billions of our money to make up for billions of their money that we can't account for, and can't seem to find,' said Rep. Henry A. Waxman.
In 2005, the committee charged that U.S. officials in Iraq 'used virtually no financial controls to account for these enormous cash withdrawals once they arrived in Iraq, and there is evidence of substantial waste, fraud and abuse in the actual spending and disbursement of the Iraqi funds.'
It is thought that once the cash arrived in Iraq, officials stored the money in a basement vault in one of the palaces formerly owned by Saddam Hussein, before it was distributed to individual Iraqi ministries.
There wasn't, however, the staff or time to keep proper financial controls and cash was stored in gunnysacks and thrown onto pickups when it was transported.
While Pentagon officials claimed six years ago that they could account for the loss if given time to go through records, they have consistently failed in attempts.
Iraq's chief auditor, Abdul Basit Turki Saeed, has warned the U.S. that it will be taken to court by Iraq to get the money back.
Iraq's ambassador to the United States, Samir Sumaidaie, said: 'Clearly Iraq has an interest in looking after its assets and protecting them.'
http://www.dailymail.co.uk/news/article-2003101/Missing-6-6billion-sent-George-W-Bush-aid-Iraq-stolen.html
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COMMENT
Iraq was illegally invaded and attacked by America and its allies.
Americans then seized Iraqi assets and oil sales.
The US then issues Iraq with worthless paper money that's not backed by anything of value. Printed paper money that represents debt (and inflation) currency to the US taxpayers (and profits to bankers).
The worthless paper notes from the US are described as 'aid money', so the US bankers are LENDING the Iraqis the Monopoly money the US has printed, after the US stole real assets from Iraq in the first place ... having destroyed their country, so that it needs to be rebuilt. And, once again, America's corporations and bankers profit.
Americans then proceed to rob the Iraqis of $6.6-BILLION of the dodgy paper money 'aid,' having helped themselves to the nation's real wealth/assets and having destroyed Iraqi infrastructure etc.
But it doesn't end there: the average American is then left with the responsibility to pay off the $6.6-BILLION of the stolen US issued notes.
Meanwhile, US bankers who profit from government issue currency (many times over) get profits minus responsibility for any of the liabilities. Liabilities that are passed onto the economically enslaved taxpayer -- eg. liabilities like paying off that stolen $6.6-BILLION.
That's probably how the Mafia conducts its affairs.
And the CIA's probably used the missing $6.6-BILLION to fund its worldwide terrorist operations.
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