Pallets Of Cash – Billions

Well, years later it’s finally hitting a mainstream outlet – the Bush administration sent pallots of cash to a war zone, and didn’t have any way to track where it went (which was probably the plan): U.S. sent pallets of cash to Baghdad,

The U.S. Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets aboard military planes …
… Bills weighing a total of 363 tons were loaded onto military aircraft in the largest cash shipments ever made by the Federal Reserve…
On December 12, 2003, $1.5 billion was shipped to Iraq, initially “the largest pay out of U.S. currency in Fed history,” according to an e-mail cited by committee members.
It was followed by more than $2.4 billion on June 22, 2004, and $1.6 billion three days later. The CPA turned over sovereignty on June 28.

And where did it go?

3 thoughts on “Pallets Of Cash – Billions

  1. As Randi Rhodes said all along: they create chaos because it makes it easier to steal. Exactly.

  2. This has happened before.
    So, Mr Bremer, where did all the money go?
    Thursday July 7, 2005
    http://www.guardian.co.uk/Iraq/Story/0,2763,1522983,00.html
    When Paul Bremer, the American pro consul in Baghdad until June last year, arrived in Iraq soon after the official end of hostilities, there was $6bn left over from the UN Oil for Food Programme, as well as sequestered and frozen assets, and at least $10bn from resumed Iraqi oil exports.

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