This was all a mistake.
Surely, the United States wouldn’t intentionally create a system that facilitated Iraqi banks to illegally funnel money into Iran’s terrorist regime.
Right? Right?!
The U.S. set up an ad hoc banking system in Iraq to handle the country’s oil earnings. Iraqi banks used it to funnel dollars to Iran. https://t.co/n6I6MBF0bf https://t.co/n6I6MBF0bf
— The Wall Street Journal (@WSJ) September 9, 2024
Iraq gets a substantial fraction of its electric power from Iran, and the United States set up a system through which the Iraqis could pay for the power without violating sanctions.
The Federal Reserve helped set it up, and yet these galaxy brains supposedly were so incompetent that they left back doors that made it possible to funnel vast sums of cash through this US-designed system.
Ali Ghulam was the undisputed dollar king of Iraq for almost a decade.
His…
