Skip to comments.Who finances ISIS?
Posted on 06/20/2014 1:06:39 PM PDT by mgist
Who finances ISIS? In the aftermath of its conquest of Mosul, the jihadi organization ISIS has been recognized as the richest terrorist organization in the world. Where does its money come from?
Where does ISIS get its money? During its conquest of the northern Iraqi city of Mosul, ISIS fighters looted more than 500 billion Iraqi Dinar, worth about $420 million (308 million euros) at current exchange rates. ISIS is a rebel army composed of Sunni jihadis that calls itself the "Islamic State of Iraq and greater Syria." Its aim is to establish a theocratic Sunni caliphate in the region.
Iraqi officials estimate that the group now has about $2 billion in its war chest. What remains controversial is where the bulk of its money comes from.
Iraqs Shiite-dominated government accuses Saudi Arabia of supporting the ISIS jihadis. On Tuesday (17.06.2014), Iraqi Premier Nouri al-Maliki said "we hold Saudi Arabia responsible" for the financial and moral support given to ISIS.
Iraqs Premier al-Maliki accuses Saudi Arabia of financing ISIS The USA, which is Saudi Arabias most important ally, has rejected the Iraqi Premiers accusation. Jen Psaki, a speaker for the US State Department, said on Tuesday evening that al-Malikis accusation was "inaccurate and humiliating."
Money from the Gulf States? "There is no publicly accessible proof that the government of a state has been involved in the creation or financing of ISIS as an organisation," said Charles Lister, Visiting Fellow at the Brookings Doha Center in Qatar, a subsidiary of the US think-tank Brookings Institution.
Others take a different view. Günter Meyer is Director of the Center for Research into the Arabic World at the University of Mainz. Meyer says he has no doubt about where ISIS gets its funding. "The most important source of ISIS financing to date has been support coming out of the Gulf states, primarily Saudi Arabia but also Qatar, Kuwait and the United Arab Emirates," Meyer told Deutsche Welle. The Gulf states' motivation in financing groups like ISIS was to support their fight against the regime of President Bashar al Assad in Syria, according to Meyer. Three quarters of the Syrian population are Sunni Muslims, but Syria is ruled by an elite drawn mostly from the Alawite minority. The Alawites are an offshoot of Shiite Islam.
Recently, however, the government of Saudi Arabia has recognized the dangers of this policy. "Saudi citizens now compose the largest contingent of foreign fighters in ISIS. When those fighters come home, there's a danger that they might turn against the Saudi regime," Meyer said. But there are reasons to believe that financing for ISIS continues to flow out of Saudi Arabia, "less from the Saudi government than from rich Saudis".
Money from oil and extortion Additional key financing sources for ISIS, according to Meyer, are the oil fields of northern Syria. "ISIS was able to get those oil fields under their control. They use trucks to bring oil over the border into Turkey. That's an important source of funding for them."
Günter Meyer sees a range of financial possibilities for ISIS The view of Charles Lister at the Brookings Doha Center is that ISIS is largely able to fund itself. "ISIS has made an effort to establish networks in society that generate a continuing flow of money." As an example, Lister points to the systematic extortion conducted by ISIS in the recently conquered city of Mosul.
"The exortion affects small businesses and big companies, construction firms, and if the rumors are true, even local government representatives," Lister told DW. "In addition, it's suspected that the organization levies taxes in the areas that it completely controls - for example Raqqa in northeastern Syria."
Günter Meyer at the University of Mainz thinks there is no chance that money is flowing to ISIS from Sunni circles connected to the former dictator of Iraq, Saddam Hussein. The goals of ISIS are too different from those of people in Hussein's network. Both groups want to topple the Shiite government of Iraq, but ISIS wants to establish an Islamic theocracy, whereas the Sunnis from Hussein's Baath Party want to establish a secular democracy, says Meyer.
Money for Jihad ISIS' biggest financial coup so far was no doubt the looting of the central bank in Mosul, which brought them the equivalent of about $429 million in cash. Additional banks in Mosul and other areas under ISIS control were also plundered, according to Meyer. In a Twitter post, the British commentator Eliot Higgins, writing under his pseudonym Moses Brown, noted that ISIS can buy "a lot of jihad" with that much money. "With $429 million, ISIS could pay 60,000 fighters $600 a month for a whole year."
It's estimated that ISIS has around 10,000 fighters at the moment. How the organization spends its money, however, is not known in detail. "It's assumed that ISIS pays the foreign fighters in its ranks, but perhaps it pays all its troops," according to Charles Lister. "In the areas under ISIS control, the organization subsidizes bread, water, and fuel, and also finances the maintenance and operation of basic public services. All that costs money."
The Saudis of course.
ISIS is also self-financing with smuggling and other criminal activities (sort of like Mohammed was...).
Much of it comes from banks they overran.
So ISIS is clearly tied to the Syrian rebels who support Al Qaeda.
Obama has blatantly bypassed anti terrorism laws in support of the Syrian rebels.
“Remember when al-Qaeda members were the bad guys? Obama is now pushing massive funding for Syrian rebels who have not only been linked to al-Qaeda, but are gruesomely beheading innocent Christians and using 14-year-old child soldiers.”
This was my personal favorite reflection of this administration cynical, duplicitous, nature:
MIDDLE EAST NEWS
U.S. to Assist Syrian Rebels, Sets $5 Billion Fund to Fight Terrorism
Iraqs Premier al-Maliki accuses Saudi Arabia of financing ISIS The USA, which is Saudi Arabias most important ally, has rejected the Iraqi Premiers accusation. Jen Psaki, a speaker for the US State Department, said on Tuesday evening that al-Malikis accusation was “inaccurate and humiliating.”
What is inaccurate and humiliating is the action of a the US diplomtic core licking the butt of the Saudi Oil Shieks.
But then the Bushes walked pinky in pinky with these maniacs and the Obamabastard BOWED to them, so NOTHING should surprise us. Certainly not LYING for them.
The beast feeds much of what is happening. Selah.
Pause and think
Check the NYSE — it just might be there:
Jihadi Terror Group Plc: ISIS zealots log assassinations, suicide missions and bombings in annual report for financial backers
If Qatar can bribe the entire FIFA organization, they can buy themselves a US president.
ISIS is the Muslim arm of SPECTRE. Enough said.
The truth behind Obama’s bizarre support of Al Qaeda rebels in Syria, along with the silence of EU, and Israeli leaders, is explained very well here. Europe is under Russia’s thumb, and that’s not going to change. I’m sure Europe has had their fair share of Obamaesque leaders that enabled this dangerous dependency.
The Nigerian Connection Boko Haram, Obama, and Qatar
Posted on May 21, 2014 by William Michael
the Saudi royals made a pact with the devil when they bought domestic “peace” with their political alignment with the radical fundamentalist Wahabi-Sunni clerics, clerics whose preachments make a social and cultural lie out of Saudi “alignment” with the west which is nothing more or less than the Saudi purchase of western alignment with the saudi royals - an alignment that keeps plaguing the U.S. and U.S. middle east policy, and one that will one day be part of the domestic undoing of the house of Saud
Agreed, I just got back from Abu Dhabi. The place is amazing, and it seems that everything that glitters is gold. Regardless, it has that strange sense of pretend. It is like being in a Disney World city without the crowds.
How can they maintain that surrounded by so much poverty?
They are trying to make capitalist nations because their oil is running out. Perhaps they are supporting the lucrative narco trade outside of UAE as well.
In Colombia most people supported FARC terrorists because initially they represented a lot of money, they were a Peter Pan type organization for the dissenfranchised poor, and nobody got hurt.
Corrupt politicians were complicit, and Colombians felt gringos were at fault for being ravenous consumers. Eventually the criminals had more power and money than the entire national government, and they could act with impunity. FARC got out of control and started killing anyone who got in their way. They even bombed government buildings. They didn’t need to grease palms and play nice anymore. Thousands of deaths later, and with the help of a nation Colombians had no compassion for (the US), they overcame that monster.
There is no appeasement of terrorists, criminals, or drugs that will not come back to haunt people.
U.S. Treasury Says Iran Helping Al Qaeda in Syria
Daily Star | Feb. 7, 2014
Posted on 2/15/2014 6:02:14 PM by nuconvert