Wednesday, December 07, 2005

Where is that Nine Billion Dollars?

Call me nosy, but I’m still curious about what happened to the missing $9 Billion the Volker inquiry ignored. Volcker had admitted that the inquiry was not even going to look into what happened to the $9 billion in OFF surpluses that were handed over to the American occupation authorities.

No one else seems particularly interested in asking the question, and sadly, I doubt anyone is going to be the slightest bit concerned if I keep raising it. It just bothers me.

There is a chart at A brief history of the United Nations Oil-For-Food Program website which clearly shows the missing slice of the pie. Here is a taster, but you need to go to the site for the full thing.

This must be the ultimate in ‘pay to play’ politics. We aren’t happy with Saddam, so we declare war and wreck what Saddam hasn’t already destroyed in the country.

“But wait fellas! It’s going to cost you NINE BILLION DOLLARS because we had to do this the hard way. So forget the desperate need to feed people and rebuild a country, we’ll just take the money out of this here humanitarian Programme.”

Of course the UN could probably even see the point of that, although I’m surprised they didn’t take their cut first.

Talk about hypocrisy! Now some countries are going to find some nice crooked businessmen to take the heat for the ‘oil for food’ scandal, while they, the governments, have been milking the Programme all along.

The truth is the last thing we are likely to hear. But you get that much greed happening at one time and the slow leaks will emerge.

2 comments:

mikevotes said...

Good post.

Mike

Anonymous said...

Sad to say, but our so called "Leaders" of today have created a society of confusion. This is practiced in every party, in every country. They are continually saying watch my left hand, while I sneak something with my right. There are no politics as such, there is only big business. People are an expendable commodity that make Governments rich and powerful.