The Biggest Money Laundering Scheme in History

10Jun2008

Chalk another one off the list of things I should write about. The BBC beat me to it.

http://news.bbc.co.uk/2/hi/middle_east/7444083.stm

23 Billion unaccounted for in Iraq. 70 gagged court cases. I googled 23 Billion to put it in perspective, I think the most interesting was this:

http://money.propeller.com/story/2006/11/08/chinas-trade-surplus-reaches...

Now, it's important to clarify "unaccounted for" is not the same as "wasted" or "spent". This is money no one knows where it went... and it is more than the entire net revenue of a major country. Lost as in where-are-my-car-keys lost, not lost as in What-stays-in-Vegas lost.

Seriously? I don't mind a little on the down low for covert ops and such, but even *that* money isn't 'lost' its just 'classified'. I could deal with that.

A little transparency goes a long way, folks.

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