But the U.S. government that palletized the printed currency from the Federal Reserve and sent it to Iraq (thus once again devaluing the purchasing power of your dollar in service of war. Thank you, bankers) doesn't give a damn.
Imagine the productive things it could have been spent on; we may have even avoided austerity.
"Trail of Iraq’s missing cash dies in Lebanon" by James Risen | New York Times October 12, 2014
That guy is in hot water with the government for not revealing his leaking sources; however, I'm sure it's a big game to provide the illusion of a free and unfettered press dutifully battling the government as it serves as the war-mongering government's mouthpiece.
WASHINGTON — Not long after American forces defeated the Iraqi government of Saddam Hussein in 2003, caravans of trucks began to arrive at Andrews Air Force Base outside Washington on a regular basis, unloading an unusual cargo: pallets of shrink-wrapped $100 bills.
The cash, withdrawn from Iraqi government accounts held in the United States, was loaded onto Air Force C-17 transport planes bound for Baghdad, where the Bush administration hoped it would provide a quick financial infusion for Iraq’s new government and the country’s battered economy.
Over the next year and a half, $12 billion to $14 billion was sent to Iraq in the airlift, and an additional $5 billion was sent by electronic transfer.
Exactly how the money was used after it arrived in Baghdad became one of the many unanswered questions from the chaotic days of the American occupation, when billions were flowing into the country from the United States and corruption was rampant.
Finding the answer became first the job and then the obsession of Stuart W. Bowen Jr., a friend from Texas of President George W. Bush who in 2004 was appointed to serve as a special inspector general to investigate corruption and waste in Iraq.
Before his office was finally shut down last year, Bowen believed he might have succeeded, but only partly, in that mission.
Much of the money was probably used by the Iraqi government, he concluded. But for years Bowen could not account for billions more until his team finally had a breakthrough, discovering that $1.2 billion to $1.6 billion had been stolen and moved to a bunker in rural Lebanon for safekeeping.
And they hid the chemical weapons in Syria!
“I don’t know how the money got to Lebanon,” Bowen said. “If I knew that, we would have made more progress on the case.”
Bowen kept the discovery and his investigation of the cash-filled bunker in Lebanon, which his office code-named Brick Tracker, secret. He has never publicly discussed it until now, and his frustration that neither he nor his investigators can fully account for the missing money was evident in a series of interviews.
“Billions of dollars have been taken out of Iraq over the last 10 years illegally,” he said. “In this investigation, we thought we were on the track for some of that lost money. It’s disappointing to me personally that we were unable to close this case, for reasons beyond our control.”
He is frustrated that the Bush administration, apart from his office, never investigated reports that huge amounts of money had disappeared. And after Bowen’s investigators found out about the bunker, the Obama administration did not pursue that lead, either.
Bowen said his investigators briefed the CIA and the FBI. But Bowen added that he believed one reason American officials had not gone after it was “because it was Iraqi money stolen by Iraqis.”
The FBI and CIA declined to comment for this article.
The Iraqi government has also not tried to retrieve the money, and has kept information about the Lebanese bunker secret. Bowen said he talked to Prime Minister Nouri al-Maliki about the missing money and his discovery of the bunker and that Maliki never took any action, while expressing anger at the way the United States had handled the airlifted cash.
Another reason he took the boot!
The money so assiduously carried to Iraq from a vast facility in New Jersey operated by the Federal Reserve Bank of New York came from the Development Fund of Iraq, which was created by a United Nations resolution in May 2003 to hold Iraqi oil revenue.
The fund was to be used in Iraq’s reconstruction, and the United Nations resolution called for the creation of a monitoring board to make sure the United States-led Coalition Provisional Authority, which governed Iraq in 2003 and the first half of 2004 and ordered the cash flights, used the money properly for the benefit of the Iraqi people.
For the CPA, an advantage of using the cash from the Development Fund instead of money appropriated by Congress for Iraq was that there were not a lot of rules governing its use and no federal regulations or congressional oversight of what happened to it.
--more--"
I also found too many refugees in Lebanon as the UN tries to $ort it all out.
At this point, who gives a shit about elections?
Lebanon’s once-mighty Hezbollah faces attacks on numerous fronts
On Oct. 5, Jabhat al-Nusra carried out a series of assaults against Hezbollah positions in the Bekaa Valley. The Sunni militants killed eight Hezbollah fighters and published video footage of the grisly aftermath. Embarrassed, Hezbollah reportedly pressured websites to remove the video. ‘‘This attack was really striking. It really damages the reputation of Hezbollah as a competent military force,’’ said David Schenker, director of Arab politics at the Washington Institute for Near East Policy and a former Pentagon official.
Who is the newspaper turning to for expert advice??
Related:
"Lebanon has been deeply affected by Syria’s war. Lebanon has taken in more than 1 million refugees and seen its own sectarian tensions soar and security slip as the war next door has dragged on.
On Sunday, gun battles erupted between Syrian insurgents, including from the Al Qaeda-affiliated Nusra Front, and fighters from the Lebanese Shi’ite militant Hezbollah group in eastern Lebanon along the border, local officials said.
Hezbollah has sent its gunmen to Syria to help bolster Assad’s forces and crush the uprising, earning the Shi’ite group the enmity of Syria’s predominantly Sunni rebels. Assad is a member of the Alawite sect, an offshoot of Shi’ite Islam.
The Syrian insurgents attacked Hezbollah positions Sunday in the mountains separating Lebanon and Syria, prompting the Shi’ite group to send reinforcements.
--more--"
