Iraq's stolen billions, the FED and the BAHAMAS 2)

[etsneroj]

I find it disappointing that they didn't come up with one theory on what happened to the money. Its very unsatisfying to hear "this raises lots of questions about..." or "what does this say about how the war is being run..." You tell me what it means and says. Connect the fucking dots. If you can't get definitive answers, I understand, but float some theories.

[madashelldude]

type into google:

Billions over Baghdad

you'll find their article in vanity fair.

[kontrariankid]

Excellent! Thank you for the recommendation. That will occupy me for a "few minutes".

This is somewhat along the same lines as John Perkins, "Confessions of an Economic Hitman", which I am sure you are aware of:

economichitman . c o m

[madashelldude]

yes, exactly.  While Perkins gives you a 1st person account from the perspective of a foot soldier, Hudson presents the big picture academic view and the inner workings of the whole system. good comments btw, thanks.

[kontrariankid]

The "Federal Reserve" is a private banking system.

Here is how this "PONZI SCHEME" works: When the government needs $100 billion, action is taken as follows:

w w w . maxexchange . c o m/ybj/chapter3.htm

[madashelldude]

I would also recommend Michael Hudson, Dennis Kucinich's chief econ adviser at w w w . michael-hudson . c o m

He wrote a book in 1971, the year Nixon shredded Breton Woods, how debt is used to force imperial interests on the rest of the world and how the FED and the Treasury are in the center of this global dollar cycle and make it possible to get foreigners pay for US imperial wars for instance. The book can be downloaded free of charge from his website. it's called "Super Imperialism".