Iraq's stolen billions, the FED and the BAHAMAS 1)

DONALD BARLETT: This is really important, Juan. And maybe a little historical perspective: if you go back through the 1990s, there was a mutual fund, so to speak, in the Bahamas called Evergreen Security, which was selling its certificates around the world, especially in the US. A Chicago schoolteacher emptied out her retirement fund and invested the entire amount. Well, Evergreen Security had been run for the most part by Patrick Thomson, a resident of the Bahamas, for a long time. And it was nothing more than a Ponzi scheme, and in the end more than $200 million disappeared. Well, it was to Mr. Thomson that this very mysterious Thomas Howell in La Jolla, California, turned to create a company for him called NorthStar. And a few years later, lo and behold, NorthStar is retained by the Pentagon to make sure the money in Iraq, the $12 billion, and billions more, does not go missing, which, of course, it did go missing.

JAMES STEELE: When we looked into the background of NorthStar, come to find out this is not your normal accounting or auditing operation. It operates out of a private house in a suburb of San Diego. All attempts to interview the individual, Thomas Howell, who apparently heads NorthStar, failed. He would talk to us a couple times, but said that his hands were tied. The Pentagon would have to give him approval to talk, and they did not. We looked into other aspects of the operation out of this house. Turns out some of it's home improvement. One is supposedly international financial consulting, all very vague, all very, very mysterious.

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Category:

News & Politics

Tags:

• Alan
• Greenspan
• Amy
• Goodman
• Naomi
• Klein
• iraq
• missing
• billions
• FED
• libertarian
• republican
• DONALD
• BARLETT
• JAMES
• STEELE

[kcwoodfield]

...at least Greespan has a productive track record, these people just complain and write books that offer no viable solution

[madashelldude]

and you know this for a fact how exactly?! BTW Greenspan's "productive" track record is related to the lowest interest rates in history and enabling the largest shift in wealth from the middle class to a few rich guys engaged in gambling on Wall Steret.

[ParapaDrifter]

when you're right, you're right and you're right. Sorry Amy Goodman, now start pushing for a new 9/11 investigation.

[szatmar666]

wow, I am sure it sounds smart from where you are standing but I am sorry, it's just nonsense in connection to this conversation.

[Buddy212002]

@madashelldude nominal interest rates? look that one up...

[Buddy212002]

@ParapaDrifter you are a half-wit...if that's all you got out of this video...people have strokes...hope you never have one because then you'd have to deal with people like you...

[eightballmoney]

this chicks on crack ahahaah

[QUACOSTREET]

it must be a stroke

[otacon451]

thank you for this

[ParapaDrifter]

jesus that video in the beginning freaked me out... the other half of her face didn't move!