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Wednesday, June 11, 2014

Al-Qaeda Jihadis Loot Over $400 Million From Mosul Central Bank, Seize Saddam's Hometown

Submitted by Tyler Durden on 06/11/2014 12:54 -0400
As reported yesterday, in yet another humiliating blow to US foreign policy and the State Department, Al Qaeda-linked ISIS (Islamic State of Iraq and al-Sham) militants took over the key northern town of Mosul, where an unknown number of US-made Black Hawk helicopters were parked and have been captured by Al Qaeda (potentially the same forces that have been trained by the US across the border in Syria).

Adding insult to injury the Al Qaeda militants also appear to have looted some $429 million from local banks. From IBtimes:

The Islamic State of Iraq and al-Shams (Isis) has become the richest terror group ever after looting 500 billion Iraqi dinars - the equivalent of $429m (£256m) - from Mosul's central bank, according to the regional governor.

Nineveh governor Atheel al-Nujaifi confirmed Kurdish televison reports that Isis militants had stolen millions from numerous banks across Mosul. A large quantity of gold bullion is also believed to have been stolen.

Following the siege of the country's second city, the bounty collected by the group has left it richer than al-Qaeda itself and as wealthy as small nations such as Tonga, Kiribati, the Marshall Islands and the Falkland Islands.

The financial assets that Isis now possess are likely to worsen the Iraqi governement's struggle to defeat the insurgency, which is aimed at creating an Islamic state across the Syrian-Iraqi border.

In other words, now that it is armed with US-made weapons, this particular al-Qaeda group also happens to be the world's richest terror force!

And so with all disposable cash it needs for a long time and armed to the teeth, what is Al Qaeda to do? Why continue expanding of course. Moments ago, via Reuters, we got confirmation that the "insurgents" have just captured yet another symbolic Iraqi town, Tikrit: the birthplace of none other than Saddam.

Sunni insurgents overran parts of the Iraqi city of Tikrit on Wednesday, security sources said.

Tikrit, which is located 150 km (95 miles) north of Baghdad, is the hometown of former Iraqi dictator Saddam Hussein
And on the map:

Will they stop here? Of course not. Expect the ISIS force to continue south until finally it overruns Baghdad itself and until all of Iraq, courtesy of a crippled army, officially belongs to Al Qaeda. America's job is done here.

One can't wait until Al Qaeda is also in charge of all the other countries recently liberated by the US and/or CIA.

USAID in action, supporting ISIS

US-supplied humvees captured by Islamic insurgents in the battle for Mosul
via ZH