No Digital Money For Iraq, Just Cold Hard Cash
This is an amazing series of events.
According to an article in Reuters, during 2003 and 2004, the U.S. Federal Reserve sent to Baghdad, record payouts of more than $4 billion in cold hard US cash. The money arrived in Iraq on giant pallets shipped aboard military planes shortly before the United States gave control back to Iraqis.
No digital money for Iraq I guess they can’t accept an IBAN transfer in Baghdad’s central bank. PayPal either…
“Bills weighing a total of 363 tons were loaded onto military aircraft in the largest cash shipments ever made by the Federal Reserve, said Rep. Henry Waxman, chairman of the House of Representatives Committee on Oversight and Government Reform. 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.”
It is truly outrageous how the American people allow something like this to occur…it is beyond my comprehension.
My only question is who signed the receipts?
Tags: digital-money, e-gold, IBAN, Iraq, Online Payments, PayPalRelated Stories
POSTED IN: International
1 opinion for No Digital Money For Iraq, Just Cold Hard Cash
Mark
Feb 23, 2007 at 1:13 pm
Well now we know why the present administration stopped the Fed from reporting the M3.
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