XXX-Rated Hot Monkey Love! (Mogambo Guru)

Richard Daughty, the angriest guy in economics -- World News Trust

snip

Dollars are not worth all that much anymore, anyway, as we learn from Reuters, which reported that, starting in December 2003, "The Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets aboard military planes shortly before the United States gave control back to Iraqis."

So, 364 tons of American money (about $5 billion) was wrapped in plastic, shipped to Iraq, and distributed willy-nilly. Altogether, it is reported that $8 billion can’t be accounted for, which the guys running the Iraq mess dismiss as a mere inconsequence. And I guess it is, compared with the hundreds of billions spent so far!

Beyond the sheer horror of the monetary inflation of such a thing, what did the recipients do with all that money? I'll tell you what! They bought stuff from some guys, and those guys bought something from some other guys, and those guys bought some stuff from some other guys, on and on and on, increasing demand all along the line, driving prices up!

And where will some of this money go? Well, beyond the gobs of money spent to buy awesome WMDs from the American "defense" industry (thus stimulating GDP), some of it will go, as I gather from Daily Reckoning's Desidooru Saloon, to the Iraqi insurgents themselves, as, "while Iraq's other main Shiite militia, the Badr Brigade, concentrated in 2005 on packing Iraqi intelligence bureaus with high-level officers who could coordinate sectarian assassinations, al-Sadr went after the rank and file. His recruits began flooding into the Iraqi army and police, receiving training, uniforms and equipment either directly from the U.S. military or from the American-backed Iraqi Defense Ministry."

The result is that the government, police and army are composed of traitors and assassins whose only allegiance is to their own sectarian brethren, and who are draining the American taxpayer blind. And the United States thinks that it is going to win a "war" against this kind of intransigent, dysfunctional, murderous social disharmony, and unite them in a mutually beneficial democracy? Hahaha!

more

http://www.worldnewstrust.com/index.php?option=com_content&task=view&id=1189&Itemid=9999