Federal Reserve Has It’s Greasy Hands in the Cookie Jar Again, Stealing Iraqi Oil Revenues
So, here I am tonight. Thinking. It's dangerous when I do that. So I started thinking about that Federal Reserve and how it's really not "Federal", and then it came to me...
Remember, the neocons told us the
invasion of Iraq, and the subsequent murder of over a million Iraqis, was all
about deposing the evil Saddam Hussein and gifting the Iraqi people with
Hey, and I have this Bridge for sale.
At the time, some of us said the invasion was divided into two
roughly equal parts — first, the cynical neocon desire to split Iraq in three
parts with a heaping dose of “clash of civilizations” chaos and murder injected
for good measure, and second the neolib plot to steal Iraq’s oil.
In regard to the first, the neocons provided plenty of
evidence in their writings and white papers. Lieutenant-Colonel Ralph Peters —
formerly of the Office of the Deputy Chief of Staff for Intelligence, within
the U.S. Defense Department — even provided us with a map of this proposed
carving up, not that the corporate media took notice.
As to the second, we now have confirmation that the banker and
Wall Street neolibs — more interested in good old fashioned looting than
engaging in the process of balkanization — indeed accomplished their scheme to
rob the Iraqis blind.
“Increased Iraqi oil revenues stemming from high prices and
improved security are piling up in the Federal Reserve Bank of New York rather
than being spent on needed reconstruction projects,” reports the Washington
Out of $10 billion budgeted for capital projects in 2007, only
4.4 percent had been spent by August, according to official Iraqi figures
reported this month by the U.S. Government Accountability Office (GAO). The
report cited unofficial figures saying about 24 percent had been spent.
Meanwhile, some $6 billion to $7 billion from last year’s
budget is “being rolled over” and invested in U.S. treasuries, said Yahia Said,
director of Iraq Revenue Watch, part of the private watchdog group Revenue
So-called “de-Ba’athification” — the systematic removal and
liquidation of Saddam’s functionaries and others — facilitated the process of
robbery. “The country’s midlevel bureaucracy has either fled the country or
been purged in de-Ba’athification, [and] a lot of ministers are politically
appointed and not professional,” Yahia Said, director of Iraq Revenue Watch,
told the Moonie controlled newspaper. “The result is that orders go out from
the ministers in Baghdad, but there is no structure or staff at the middle
level to carry out the instructions.”
As should be expected, the Bush administration tried to blame
the victim. The “Bush administration, citing unofficial Iraqi data, reported in
September that Iraq’s central government ministries had spent 24 percent of
their 2007 capital projects budget as of July 15,” even though “this report is
not consistent with Iraq’s official expenditure reports, which show that the
central ministries had spent only 4.4 percent of their investment budget as of
August 2007,” according to Said. “U.S. and foreign officials,” in other words
neocons and their partners in crime, the financial sector neolibs, “told the
GAO that weaknesses in Iraqi procurement, budgeting, and accounting procedures
had stymied the completion of projects.”
“Provincial governments, which had little or no control of
their finances under Saddam Hussein, are struggling to spend the money they
have under new budget systems, said Joseph Saloom, an adviser to David
Satterfield, the senior adviser to Secretary of State Condoleezza Rice and
coordinator for Iraq.”
As the corporate media has told us for years now, the Iraqis
are to blame, as they are unable to get a “central government up and running,”
never mind their country is a depleted uranium poisoned wasteland, the civilian
infrastructure is decimated, crime is rampant, and various death squads run in
the streets. Most “of the people had never been ministers before, they had
never managed large budgets,” explained Mr. Said. It’s all the fault of those
silly Arabs, don’t you know.
Meanwhile, the money is “piling up” over at the Federal
Reserve, whose name has the same significance as Federal Express, that is to
say there is nothing "Federal" about it. No doubt it will disappear soon enough,
same as trillions disappeared from the coffers over at the Pentagon.
It is hardly an exaggeration to say the Iraqis, indeed, the
American people, are being played, same as a clueless bystander falls victim to
a confidence game. But for the latter this is hardly a concern, mostly because
the average person…distracted by plasma televisions, play stations, and John
McCain’s Timetables…does not read the Washington Times and is thus none the
Dare I say it is a near perfect situation for the crooks at
the Federal Reserve?
Thank you for reading