Posted on 12/05/2015 8:11:59 AM PST by darkwing104
In June of 2014, friendly forces captured documents from an ISIS courier after the fall of Mosul. The information he was carrying revealed that the terrorist organization had assets estimated to be worth approximately $875 million. Much of this was involved in the capture of the central bank in Mosul. This raised the value of the Islamic State to over two billion dollars. The majority of the group's wealth today includes proceeds from the capture and continuing operations of oil fields taken in Syria and Iraq.
The Caliphate makes an estimated $50 million a month selling crude oil on the black market. The 11 oil fields ISIS controls produce between 25,000 and 40,000 barrels per day. The oil is being smuggled through Iran, Kurdistan, Turkey and Syria. Oil smuggling is not new in Iraq and Syria. In fact, ISIS is using the same routes and networks first created by the regime of Saddam Hussein to bypass US sanctions.
The Islamic States' biggest asset is also its Achilles heel. Attacking the oil fields, refineries and transportation routes would greatly impact the fuel that really drives the caliphate, "money". Turkey's President Erdogan and Barack Obama have no interest in shutting down ISIS's cash cow
“Turkey’s President Erdogan and Barack Obama have no interest in shutting down ISIS’s cash cow”
I agree with his conclusion, BUT, he doesn’t explain the motives.
Erdogan.
ISIS is Turkey. The Caliphate Lives.
ALL Money Worldwide, whether it is ISIS funds or Drug Cartel Funds, is and always has been under the DIRECT CONTROL of the Presidentof the US and the Federal Reserve Corporation.
It CANNOT be otherwise!
Maybe it is as simple as the fact that they just hate America.
Though it takes a whole financial and logistical network with sovereign cover and protection to operate the black market for ISIS's oil, look no further than four of Turkish President Recep Tayyip Erdogan's sons and their two oil tanker fleets for evidence:
- MB Shipping (Malta) - owned by eldest son Ahmet Buraq Erdogan
- BMZ Group (Malta & North Cyprus) - owned by Bilal, Mustafa and Ziya Erdogan
Evidence of the Erdogan family's direct support for ISIS can be found in a hospital camp funded and operated on the Syrian by Erdogan's daughter, Sumeyye Erdogan, where wounded ISIS fighters are transported by the Turkish Army for treatment.
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