Federal Reserve Stealing Iraqi Oil Revenues

Kurt Nimmo
Truth News
February 1, 2008

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 democracy.

Sure, and I have a pony for sale.

Of course, back in 2002 and 2003, when the criminal neocons made these absurd claims, only half wits with GWB bumper stickers on their pickup trucks believed them. Sadly, a large percentage of the American public is comprised of half wits, while an even larger percentage, apathetic and decadent, didn’t give a wit about the invasion, so long as they or their children were not required to “serve,” that is to say, having survived IEDs and suicide bombers, come down with a case of Gulf War Syndrome.

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 Times.

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 Watch Institute.

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, same 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 and play stations, does not read the Washington Times and is thus none the wiser.

Dare I say it is a near perfect situation for the crooks at the Federal Reserve?

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  1. ACL on February 1st, 2008

    The fact that they are stealing IRAK’s oil reserves is an absolute NO BRAINER

  2. GetAClue on February 1st, 2008

    The American Sheeple have been duped again - like it takes any effort anymore. The Fed is making bank (pun intended) on this one, just like they have in the fixed game they’ve been playing with the US Treasury for decades.

    It is an unequivocal fact that The Federal Reserve is nothing but a parasitical organism. Now it is feeding on the bleeding carcass of yet another subjugated and formerly sovereign nation. Of course - this fact will be carefully and surreptitiously crafted for general consumption. The corporately controlled puppets in the mainstream media will insure that this looks oh so very good to us all.

    The American people will be told that this is a clear sign that “democracy is working in Iraq”, and nod their heads in agreement as they blissfully wallow through their day in an Orwellian fog.

  3. Martin Timothy on February 1st, 2008

    “…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 democracy.”

    If you are gonna talk about the US invasion of Iraq, you gotta say which invasion, for the fact that the 1991 invasion was in response to the Iraqi attack upon and occupation of Kuwait.

    The next US invasion was in 2003, and was supposed to find and thoughtfully dispose of Weapons of Mass Destruction, WMD’s which were supposedly part of Iraq’s arsenal.

    They were not and since then variations on a theme sought to associate Iraq with 911, and with Al Q, and then decided the invasion was to topple Saddam Hussein who the US installed in the 1970,s anyway, and who carried out the US / Israel bidding, up to and including starting a disastrous and genocidal war with Iran, a job the Israel led US government is determineed to finish now in 2008.

  4. Big E on February 2nd, 2008

    Just go to Federal reserve (dot) com, and See the lies Being told. We need open Government. Open the Doors, Or were Doomed.

  5. Gabriel A. King on February 2nd, 2008

    You guys basically summed it up. Nice job. Also, don’t forget, while the corporate media continually perpetuates the pandemic lie of “Global warming”, the Rothschilds counterfieting cartel and the oil mafia have succesfully doubled their daily profits on oil consumption while they openly murder unbribable men who invent fully water powered cars, to insure that Americans have little choice but to remain politically impotent and addicted to petroleum like heroin addicts. www.waterpoweredcar.com
    Can you even imagine the amount of daily profit the oil companies make at a $1.50 per gallon hike? It’s obscene. And don’t forget these are the same bastards who still mask themselves in the POW flag in order to funnel a steady supply of drugs from the golden triangle into America.
    They already have at least 22 maintaned nuclear missles planted inside 22 US cities, including LA. However many they decide to detonate, they will of course say Al Qaeda did it. Can’t have the peasants able to turn against them I guess.

  6. David Johns on February 2nd, 2008

    America better wake up and realize we are next to be taken over by our government. I hope there will be a large portion of the American people that will be willing to fight. When Hilter or I sould say Hillary and Obama take office we will lose our gun’s and then our right’s. They will put use in camp’s and take our chrilden away. America standup and FIGHT before it is to late.

  7. Reaper on February 2nd, 2008

    Everyone needs to pass on to friends and family.
    Google Video ……. Monopoly men federal reserve fraud
    Even more in depth… Money masters

  8. notMartin Timothy on February 2nd, 2008

    Martin Timothy,
    Why do YOU think Saddam “attacked” Kuwait?
    Do YOU think that US Corp gave a tacit green light?

    Answer these questions for yourself, then reconsider your inane assertions.

    good day sir

  9. Ben on February 2nd, 2008

    Remember aaron russo said the federal reserve was behind the iraq war to steal the oil and make it part of the new world order? here it is my friend- proof the man was telling the truth!

  10. Ben on February 2nd, 2008

    Remember aaron russo’s interview where he claimed the iraq war was designed by teh federal reserve to steal the iraqi oil and make the middle east part of the new world order? well here is the proof my friends for all you skeptics out there…

  11. David on February 2nd, 2008

    We must do away with David Rockefeller and his family. The Rockefeller family is behind the New World Order and they must be stopped. They are trash and should be thrown away like trash. The Rockefeller family will be stopped sooner than they think. American people buy unregistered gun’s so the government will not know who has them and be willing to use them. I will never register a firearm and I will fight to keep America free. We will need to do whatever is needed to stop the North American Union even if we have to use deadly force. American people ban together before it is to late.

  12. WINFRED ROMAN on February 2nd, 2008

    FEAR IS A POWERFUL CRIPPLING AGENT.FEAR CAN PARALYSEA PERSON, DESTROY CONFIDENCE AND CHANG ONE!S OUTLOOK.FEAR CAN REMOVE ONE;S FOCUS AND STEER ONE OFF COURSE.FEAR CAN INDEED DO MANY DESTRUCTIVE THINGS FEAR OF POVERTY,LONELINESS,SICKNESS,DEATH,LOSING LOVED ONE INJURY,INCAOACITY AND OTHER WORRIES ONCE YOU REALIZE THAT YOUR TRUE CREATOR LOVES YOU AND HAS RESOLVED TO LIBERATE YOU FROM THIS SUFFERING,YOU CAN OVERCOME THESE PROGAMMED FEARS WEAKNESSES WINFRED ROMAN

  13. Jean Lafitte on February 2nd, 2008

    right, the Americans were told that their forces were entering Iraq to find and remove WMDs, and meanwhile they are using depleted ujranium that will eventually detsroy the Iraqi people forever, along with poisoning the entire world. Or is it possible that the New World Order heavyweights have for themselves an antidote?

  14. james on February 2nd, 2008

    Looks like these nuts aren’t done yet, far from from it. How in the hell did it get this far. My God, I thought I was nuts. This is really going to the wall. These guys have all the bases covered. Jeez, just when you thought the $2,000,000,000,000 lost at the pentagon was going towards the preservation of freedom and democracy for Jesus and Jews sake, Damn. I wonder what the real God Thinks of this stench. Rot in Hell NWO bastards.

  15. eddie k on February 2nd, 2008

    David Johns…yu are so worried that someone will take away your guns. I hate to tell yu, it won’t be the clintons or mr obama! your unregistered little cap guns will do yu little good when the imaginary soldiers come through your door with fire power yu can only dream of or when they lob a 500 pound bomb on your roof..and send yu to sleep with the fishes. …get real…and global warming is just a fantasy, contrived by media press..??? just put on your little yellow hardhat and get ready for the sky to fall then. yu’ll need water before you need guns Mr. your government really doesn’t exist..they are all just fish in a big fryingpan.
    and while you’re at it you can ad the Bush dynasty to your list, the chase family, the morgans, and all the bilderberger elites..you’ll have a lot to do in the coming months, i imagine..good hunting. take Dick cheney with you, he’s a crack shot..just stay behind him for good measure. phew!

  16. GreenSunShine on February 3rd, 2008

    in the name of ALLAH
    Since this is all about Iraq , and Iraq has so many Shias, Let me tell you guys a point of
    view of Ali(Salam of Allah on him). Please don’t tell me why todays Shia’s do not follow his
    words. The Shia people are the same amount following Ali(Salam of Allah on him) as you christians follow Jesus Christ(Salam of Allah on him), and I whish the Shia rulers even were just as God believer as Bush.
    In Ali’s(Salam of Allah on him) system of society the tax money should be spread equally
    between all people. FINISH[Also the finish of Ali’s point of view from now on these are my ideas] , NOTHING MORE,NO PROJECTS , NO RESERVS,NO
    CONSTRUCTION PROJECTS DONE BY THE GOVERNMENT. ONLY SOME VERY MINUTE AMOUNT OF MONEY FOR GUIDANCE AND SURVAILANCE OR OTHER MINOR GOVERNMENT TASKS.
    Just now all the oil money in mideast ,after going through a series of bank to bank transfers, either is sent back to western banks for imports done by governments or spend for the so called construction projects with no real and tangible outcomes.
    In Shia Sharia these means that these money in not Kosher(Halal) in other words it is
    some robbery acquired money, which we believe will not make any future for its owners except at Hell.
    But Guys Please, Do not forget the real monsters which is the DOLLAR PATENT aka the nullification of our right to trade in Gold. The bastard paper dollar and his bitch mother the federal reserve or other bastards of the world like Dinar or Rial will soon die if there were no exclusion of our right to trade in Gold.

    “Smuggle for the Sake of God, Trade in gold for the sake of God, break patents for the sake of God,educate your kids yourself(not in schools) for the sake of God and pray only for the sake of God”

  17. […] Read more […]

  18. TheCaptain on February 3rd, 2008

    Well, at least they are….”free.”[obvious sarcasm]

  19. John Wallace on March 16th, 2008

    THE FEDERAL RESERVE SHOULD BE ABOLISHED

    In Article I, Section 8 of the U.S. Constitution, the people of the United States granted Congress the power “to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.” The people never gave congress the constitutional power to delegate this money-creating and regulating responsibility to any private group. Yet this is exactly what the Federal Reserve Act of 1913 did. The bill was publicly promoted as a plan to reform the nation’s monetary system and stabilize the currency by taking control of it out of the hands of big bankers. In reality, of course, the Federal Reserve Act was written by the big bankers for the purpose of solidifying their control over our currency.

    Many Americans today wrongfully believe that the Federal Reserve is somehow part of the federal government, possibly even the Treasury Department. Many do not know that the Federal Reserve is actually a cartel of private banks that was given the power to be the sole issuer of U.S. money, with full control over its quantity and thus its value. Since this group of private bankers (the Fed) provides credit to the U.S. government when we spend money we don’t have, the Fed also is able to profit handsomely from the ever-increasing national debt. Because the Fed makes more money when the country goes deeper into debt, there is no incentive for the Fed to support any reductions in federal deficit spending. The more credit we need, the more money this cartel of private banks will make.

    The actions the Fed takes can drastically affect the economy simply by making decisions about the money supply and interest rates. The president, congress, big business, investors, home buyers and anyone else with an interest in our economy waits with baited breath every time the Federal Reserve Board meets. If they decide to raise interest rates, politicians and industries could fall, homes might not be purchased and jobs could be lost. If the Fed decides to lower the interest rates, politicians, industries, investors and consumers may prosper. There is too much power vested in a handful of people whose names would not be recognized by most Americans.

    Why do we allow such a small group of people on the Federal Reserve Board to wield so much power over our country’s economic well-being? As average Americans strive to earn a living, cope with rising costs of food, fuel and hopefully save or invest for the future, Congress and the Federal Reserve Bank are working insidiously against them. On a daily basis, every dollar they have is being devalued.
    Even though most Americans seem unaware of the current plight of the US dollar, especially in relation to the Euro, there is definitely a dollar crisis in the world economy because of the immense size of the international debt of America. America has now become the largest debtor in history, owing somewhere between $70 and $100 Trillion. The reckless deficit spending by our government, coupled with Federal Reserve currency devaluation, has become one of the greatest threats facing America today. Because Congress is routinely spending more than it can tax or borrow and the Fed is routinely printing “Fiat Money” (Dollars backed by nothing) out of thin air to make up the difference, this classic “one-two punch” threatens to further destroy the value of our dollars.

    The actions of both major political parties would seem to indicate that they want the Fed to print more “Fiat Money” to support their extravagant and unchecked spending habits. Most politicians want the printing presses to run faster and faster, create more credit, issue rebate checks, etc., so that the economy will somehow be magically healed by this dangerous financial potion, or so they believe. The President and members of Congress may love a system that generates more and more money for their special interest projects and earmarks, but the rest of us have good reason to be concerned about our monetary system and the future value of our American dollars.

    Issuing “Fiat Money” has allowed our government to live well beyond its means, but that practice cannot continue much longer as it is slowly destroying the value of our dollars. History shows us that when the destruction of monetary value becomes rampant, as the actions of our congress and the Fed would indicate, nearly everyone suffers and both the economic and political structure becomes unstable. The Federal Reserve System has been the tool used by the major bankers to allow them to gain control over the smaller regional and local banks. The Fed has also acted as the financing agency for Congress’ unprecedented deficit spending on an ever growing, more intrusive federal bureaucracy and the expansion of the welfare state. Some people believe that the private bankers in the Federal Reserve wield so much power that they can intentionally manipulate the economy in order to influence the results of our presidential elections.

    Our government and the American people do not need the help of any private banking cartel to manage our monetary system. We need to repeal the Federal Reserve Act and return control of our currency to Congress where it belongs, as was the intent of our Founders. We also need to have a serious national discussion about how real currency reform can be achieved. As long as the private bankers in the Federal Reserve have control over our nation’s money, Congress’ control of the purse-strings will not have the benefits the country’s Founders intended.

    I support legislation introduced by Congressman Ron Paul, of Texas, entitled “Federal Reserve Board Abolition Act (H.R. 2755) that will restore financial stability to America’s economy by abolishing the Federal Reserve.

    REF: H.R. 2755: Federal Reserve Board Abolition Act
    http://thomas.loc.gov/cgi-bin/.....:H.R.2755:

    By:
    JOHN W. WALLACE
    Candidate for Congress
    New York’s 20th Congressional District
    www.FreedomCandidate.com

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  25. Mike on November 14th, 2009

    I’ve known this information for years and a whole lot more at much deeper levels of intel! My question is how do you get a brain dead, lazy nation like America, who’s unmotivated, ignorant, scared to death to stand up for what’s right! Most people don’t care about what’s happening in America or the world for the most part and even if they had the answers, most are to scared or just to lazy to act or they just have faith that our corrupt, illuminati controlled government will rescue us!LOL! Americans beleive anything that they see or hear on TV or read in papers or magazines! Our constitution should read: WE THE SHEEP! The first step is to stop paying federal income tax as a nation! Go after the Illuminati and take them and there families out! Print our own silver and gold backed currency AGAIN! Execute all the secret cowardly organizations out to do us harm or destroy us and take there wealth at all levels or just throw them into the streets to be ripped apart by the people they’ve help to destroy in every country like they’ve done to all of us through the years! The sad thing that I find with most people is that they say: OH! I don’t want to know, please don’t tell me what’s really going on in the world or behind closed doors! I might get scared or depressed! PLEASE! Don’t tell me! I’ve served my country faithfully in the United States Marines and was on more black ops missions then I care to remember and know more intel then most government agencies! If you think that I’m some crazy radical whack job, think again! Don’t depend on our puppet goverment to do anything for you that’s not in the best interest of there Federal Reserve/IRS croney friends! If we don’t end the Federal Reserve Scam immediately and get our gold and silver back from them and start organizing into many groups all linked together and arm ourselves then you people that think the government is going to protect you, deserve whats coming down the road at you! Our fore- father’s would be ashamed at the people and country we’ve become today! It’s time to wake up people and seize the day! Most people have no idea of how wealthy they would become almost overnight if we printed our own currency again and stopped paying the Illegal federal income tax! Yes, I beleive in paying State and city taxes but not federal income tax and I personaly haven’t paid it in years! I told them if they tried to make me pay to make sure that each agent that they sent to my property bring a body bag with them! I’ve never heard from them ever again! LOL!