$800,000 Baghdad Bank Robbery. Just another day in Iraq.

[alcuno]

So I actually looked at the scroll on the bottom of CNBC last night and read about a bank robbery in a "middle class" Baghdad neighborhood that netted $800,000.

So I started thinking about the purchasing power of $800,000 in Iraq. If an Iraqi soldier makes $50/month and a US soldier makes $2000/month, the purchasing power would be 40 times in Iraq what it is in the US. That means that $800,000 in Iraq has the purchasing power of $32,000,000 in the US. Does my math make sense?

That is an awfully big bank robbery. Why are banks holding that kind of money and who is guarding them? And where was * yesterday morning? Another secret trip to Baghdad?

[TrueAmerican]

1. This is how terrorist get their money

So that money is probably going to be used to pay some poor Iraqi to drive a VIED into a building killing people. This is not good news for anyone.

[kodi]

3. why believe it was terrorists. US special ops could easily have done it

and used the money to fund covert operations.

recall that the US sent into iraq special ops people months before the invasion and that the funding came from......the US dept of agriculture so as to hide the operations.

we are thru the looking glass in iraq and all that seems is not as it appears.

[TrueAmerican]

4. And Democrats wonder why we are referred to as the looney left

Americans did this? Give me a break.

[Karenina]

5. Americans are engaged

in MANY unsavory activities in Iraq. Denial is what's looney.

[kodi]

7. explain why my logic is faulty

considering that the US has done these things before, and that there is increasing scrutiny about the use of offical funds to pay for undercover operations in iraq.

we know without doubt that the cia was involved with cocaine smuggling in central america and heroin smuggling in afghanistan, so why would this be so beyond the pale to consider that speciial ops and their iraqi operatives would not be above doing this.

it might be that i am more critical and realistic about the depths that the special ops will go to be successful than you are.

[izzie]

2. I think they are ex-changing the money to new money

So the banks are being robbed for this new money as the old will have no value. Your figures sound about right but once more it is what a loaf of bread cost, and a pair of shoes.What are these paying for every day items?We know that gas is off the wall.

[librechik]

6. Link Please ? What kind of money was it? Fiat or bullion?

curious