Western collaborators are financing IS

Dr. Norman Bailey

Islamic State's barbaric conquests are financed by collaborators among the business and financial circles of the West.

There has been in recent years a growing synergy between the worshippers of MOLOCH (death and destruction) in the Middle East, as exemplified by Iran, al-Qaida, the Taliban, Islamic State and all their clones and proxies, and the worshippers of MAMMON (wealth and greed) in the West. There is nothing new in this, of course. Lenin is famous for writing, about the Western business community, "They [the capitalists] will sell us the rope with which to hang them," to which I would add "They will lend us the money to buy the rope with which to hang them." Currently, however, this phenomenon has expanded considerably.

Take Islamic State (IS) as an example. That savage and barbaric organization has plenty of money with which to finance its horrible conquests as well as its propaganda and outreach to Muslim communities throughout the region as well as in Europe, Asia and Africa.

Where does this financing come from? Apparently primarily from two sources: funds seized from banks in the cities it has overrun, especially Mosul in Iraq, and from the sale of crude oil and products from the oil fields and refineries it has seized.

But banks nowadays don't hold hundreds of millions of dollars in banknotes and crude oil and products are good only to lubricate engines unless there are buyers as well as ways to get the products to the buyers. In other words, the funds of the banks can be obtained for use to pay its terrorist hordes and for other purposes only through the cooperation of other correspondent banks. As to the oil, buyers are readily found in the West and tanker trucks are permitted to reach ports where oil tankers are waiting to load it.

All this requires ready, willing and able collaborators among the business and financial circles of the West as well as surrounding countries. This is not the place to name names, but the buyers and the facilitators and the financiers are not that difficult to identify, so that if the opponents of Islamic State were really serious about doing something about it, along with the occasional bombing raid, the IS could be starved of funds to continue its rampage of murder, destruction, rape and slavery.

After years of building a sanctions regime that was truly effective in depriving Iran of necessary funds (along with a falling oil price), Iran turned to diplomacy, eagerly accepting the six-power talks, in which it easily outmaneuvered its all-too-willing counterparts. Now the sanctions are collapsing as the business communities of France, Germany, Russia, China and many other countries rush to Tehran with indecent haste to make deals.

IS doesn't even have to negotiate. It has had no trouble finding collaborators among the worshippers of MAMMON, in order to pursue the thousands of bloody sacrifices demanded by MOLOCH.

Published by Globes [online], Israel business news - www.globes-online.com - on August 18, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018