Were There Not Better Uses for This Money?

And yet our “leadership” says that we have to cut “entitlements” that the 99% fund.

Since the beginning of the Iraq War in 2003, the New York Federal Reserve has been shipping tens of billions of dollars to the government and central bank of Iraq, ostensibly for reconstruction and resumption of governmental services after the fall of Saddam Hussein. Between 2003 and 2008, over $40 billion in cash was secretly shipped in trucks from the New York Federal Reserve compound in East Rutherford, New Jersey to Andrews Air Force Base outside of Washington, where they were then flown by military aircraft to Baghdad International Airport. In just the first two years, the shipments of dollar bills weighed a total of 363 tons.

But much of that money was stolen, misappropriated, and simply lost. Despite Congressional hearings and reports, official inquiries from Washington to Baghdad, an investigating special inspector general’s office and Department of Defense, nobody knows exactly what happened to the bulk of the money. Likely destinations of the stolen fiat, secretly printed out of thin air to fund the US government’s illegal war and occupation in Iraq, went towards intricate contracting schemes, corrupt Iraqi and American officials, and brash, blanket appropriations in war torn Iraq.


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