Bizarre? Now this is bizarre!

[Stretch]

In a 13 month period from May 2003 to June 2004, the Federal Reserve sent nearly $12 billion in cash, mainly in $100 bills from the United States to Iraq. To do that, the Federal Reserve Bank in New York had to pack 281 million individual bills ... onto wooden pallets to be shipped to Iraq. The cash weighed more than 363 tons and was loaded onto C-130 cargo planes to be flown into Baghdad...
Bizarre? Now this is bizarre! | Ron Paul 2012 | Campaign for Liberty at the Daily Paul

 

[Kreskin]

Is there another way to ship cash?

 

[Stretch]

Is there another way to ship cash?

you've never heard of EFTs? They happen all round the world....every minute of the day.....

 

[Stretch]

FLASHBACK - Billions over Baghdad

Tags:

• COVER-UP/DECEPTIONS/PROPAGANDA
• IRAQ

Between April 2003 and June 2004, $12 billion in U.S. currency—much of it belonging to the Iraqi people—was shipped from the Federal Reserve to Baghdad, where it was dispensed by the Coalition Provisional Authority. Some of the cash went to pay for projects and keep ministries afloat, but, incredibly, at least $9 billion has gone missing, unaccounted for, in a frenzy of mismanagement and greed. Following a trail that leads from a safe in one of Saddam's palaces to a house near San Diego, to a P.O. box in the Bahamas, the authors discover just how little anyone cared about how the money was handled.
Webmaster's Commentary:
If Ron Paul is right and Congress did not appropriate this $12 billion, then even if the Federal Reserve created it, it is still counterfeit money and those that printed it up and distributed it need to go to jail.
http://www.vanityfair.com/politics/...billions200710?printable=true&currentPage=all

 

[Kreskin]

FYI, EFT's don't transmit cash. Never happened on any minute of any day.

 

[earth_as_one]

Not really. It makes sense. Some of this has to be related to selling Iraqi oil. I doubt Iraqis get to keep all their oil revenue. Iraq oil converted to American dollars and transferred back to Iraq. Meanwhile, this newly printed money doesn't cause inflation in the US until it returns home, which could take years...

 

[Stretch]

FYI, EFT's don't transmit cash. Never happened on any minute of any day.

If you deposit $1000 into your bank account and EFT it to your other bank account and you withdraw it from that account, is it not cash when you draw it out? If it's not cash, then what is it?

 

[earth_as_one]

Its cash. Iraqi oil is sold on international markets for US dollars. the Iraqis receive payment in $US. The US government is busy printing money to finance their debt, which affects everyone holding $US. But $US circulating in Iraq doesn't create inflationary pressures until this money leaves Iraq. while it circulates inside Iraq, its free money from an American perspective.

 

[Stretch]

Its cash. Iraqi oil is sold on international markets for US dollars. the Iraqis receive payment in $US. The US government is busy printing money to finance their debt, which affects everyone holding $US. But $US circulating in Iraq doesn't create inflationary pressures until this money leaves Iraq. while it circulates inside Iraq, its free money from an American perspective.

Its the printing of money willynilly by the fed, that is the problem

 

[Kreskin]

Not really. It makes sense. Some of this has to be related to selling Iraqi oil. I doubt Iraqis get to keep all their oil revenue. Iraq oil converted to American dollars and transferred back to Iraq. Meanwhile, this newly printed money doesn't cause inflation in the US until it returns home, which could take years...

Do you think banks wire the cash into their ATM's?

 

[TenPenny]

If you deposit $1000 into your bank account and EFT it to your other bank account and you withdraw it from that account, is it not cash when you draw it out? If it's not cash, then what is it?

Are banks in Iraq able to receive EFTs?