ISIS Now A Commodity "Trading" Powerhouse: Islamic States Steals Iraq's Grain Then Sells It Back To Iraq Government

Tyler Durden's picture


It is no secret that the crack al-Qaeda "spin-off" ISIS is well-versed in the ways of the modern world: from quickly taking control of (i.e., robbing) a central bank, to capturing the latest and greatest in US military equipment, to staging an amazing blitz-campaign that has resulted in the creation of a caliphate and captured the bulk of northern Iraq and a third of Syria including all of the former country's oil fields, to even having glossy year end annual reports, one would almost be forgiven in assuming that some vastly more strategic minds are behind what on paper at least would be a far more disorganized force. Now, judging by the latest revelation from Reuters, showcasing ISIS as a consummate commodity trader, one could even assume that a major Wall Street bank (or Swiss-based "independent" commodity trader) is behind the effort.

According to Reuters, a top Iraqi government grains official said on Wednesday that Islamic State militants are taking wheat from state silos in northern and western Iraq, in order to mill it there and in neighboring Syria.

This is hardly surprising and is in fitting with the theme of the Islamic State as a self-sustaining entity, at least until Wall Street advisors find ways to pitch currency swaps to the jihadists, allowing them to engage in global money laundering trade, masked by Goldman, HSBC and the like.

Reuters continues:

Hassan Ibrahim, Director General of the Grain Board of Iraq, the Trade Ministry body responsible for procuring Iraq's wheat internationally and from local farmers, told Reuters the militants had seized wheat in recent weeks from government silos in the provinces of Nineveh and Anbar.


Between 40,000 and 50,000 metric tons (44,092 tons to 55,116 tons) of the crop was taken from government silos in Tal Afar and Sinjar in Nineveh Province, where hundreds of thousands of residents, many of them ethnic and religious minorities, have fled the militant onslaught.

Again, nothing out of the ordinary. In fact, considering that ISIS is merely taking physical delivery of commodities probably rehypothecated thousands of times already by the abovementioned banks, one can hardly fault the bloodthirsty murderers: it is after all what everyone else should be doing in a world in which the paper to physical dilution ratio is about 100 to 1 (granted ISIS never even had paper claims to the wheat but that's a formality), regardless of one's proclivity to cannibalism and cutting off heads.

Where it does get interesting, however, is the following spin on plain vanilla daylight robbery.

Militants seized a further 700 tonnes from storage sites in the western province of Anbar in the past three weeks and took it across the border into Islamic State-held areas in Syria for milling, he said.


Ibrahim said militants tried to sell wheat stolen from Nineveh back to the government in other provinces.

Or said otherwise, a strategy so brilliant Goldman is wondering how it didn't think of it first...

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Wed, 08/13/2014 - 10:26 | 5087031 junction
junction's picture

Just capet bomb ISIS and Goldman Sachs.

Wed, 08/13/2014 - 10:32 | 5087079 nope-1004
nope-1004's picture

a strategy so brilliant Goldman is wondering how it didn't think of it first...

What makes you think they aren't behind it?  lol


Wed, 08/13/2014 - 10:34 | 5087096 Realname
Realname's picture

Bastid! You beat me to

Wed, 08/13/2014 - 10:49 | 5087163 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

"(granted ISIS never even had paper claims to the wheat but that's a formality)"

When fraud is rampant, possesion is law.  Something like that.

Wed, 08/13/2014 - 10:57 | 5087206 synergize
synergize's picture

Doesnt Goldman already do this with treasuries?

Wed, 08/13/2014 - 11:28 | 5087356 outamyeffinway
outamyeffinway's picture

When they buy oil futures and then march on Saudi, then you should worry.

Wed, 08/13/2014 - 12:49 | 5087782 Utah_Get_Me_2
Utah_Get_Me_2's picture

Just like when they started marching on oil rich Kurdistan, they would be promptly airstriked by the MIC/Big-Oil airforce. You forget that they are the demonic offspring of Prince Bandar and western intelligence agencies.  

Wed, 08/13/2014 - 12:54 | 5087795 ajax
ajax's picture



Omar thought of it first: Steal a heroin supply at gunpoint and then sell it back to the dealers:

Wed, 08/13/2014 - 13:52 | 5088053 SuperRay
SuperRay's picture

Don't you know ISIS is a sub-department of the CIA? The poppy fields are maxed out. They need a new source of income

Wed, 08/13/2014 - 10:52 | 5087177 NotApplicable
NotApplicable's picture

It's hard to call anything owned by a collective d.b.a. "government" as stolen.

Unless you're talking about the government itself.

Which is all that "IS" is.

So... never mind.

Wed, 08/13/2014 - 11:35 | 5087395 Crash Overide
Crash Overide's picture

Can someone post the picture of John the traitor McCain meeting with ISIS leaders during the proxy war push in Syria...

Sometimes I think most politicians should be in jail for smoking countries instead of non violent pot smokers for smoking joints...


...and the pot smokers help the local food economy.

Wed, 08/13/2014 - 11:42 | 5087432 power steering
power steering's picture

ISIS = 10,000  NASCAR hotheads

Wed, 08/13/2014 - 11:47 | 5087446 fleur de lis
fleur de lis's picture

John McCain never thought this thing through. He thought that giving advanced weapons meant that the rebels would comply with their Western suppliers. What a moron. Last spring he was blabbing about how we have to support the good guy rebels. Where is he now? Would someone name one policy he ever promoted that was of benefit to Arizona or America.

Wed, 08/13/2014 - 13:46 | 5088016 sgt_doom
sgt_doom's picture

First, you are assuming McCain has the capacity to actually think through anything, other than choosing Sarah Palin for a running mate.

Second, McCain's sister married into the Morgan family (JP Morgan, Morgan Stanley, etc.) so he's always got a get-out-of-responsibility-free card.

Wed, 08/13/2014 - 14:46 | 5088316 palmereldritch
palmereldritch's picture

It depends on what the meaning of the word

And on a related Clinton looks like she has (un)officially launched her campaign for 2016


Wed, 08/13/2014 - 12:39 | 5087747 ajax
ajax's picture



Or said otherwise, a strategy so brilliant Goldman is wondering how it didn't think of it first...

What do you think the current real estate "market" is all about? Selling stolen properties back to the muppets...

Wed, 08/13/2014 - 10:35 | 5087099 macholatte
macholatte's picture




I forget, is Obama Suni or Shiite?

Wed, 08/13/2014 - 10:41 | 5087130 SoilMyselfRotten
SoilMyselfRotten's picture

No worries, it's just ISIS extracting from its Middle East muppets

Wed, 08/13/2014 - 10:52 | 5087184 Canadian Dirtlump
Canadian Dirtlump's picture

I'd say berri is just a drug addled stooge who prays to no one but his dealer and does what he is supposed to do largely.

Wed, 08/13/2014 - 11:14 | 5087291 Otto Zitte
Wed, 08/13/2014 - 11:32 | 5087381 maskone909
maskone909's picture

wow you read my mind.  that was the first thing i thought of when reading these posts.  manchurian candidate ftw

Wed, 08/13/2014 - 10:54 | 5087191 Colonel Klink
Colonel Klink's picture

Close, he's a piece of shit.  Just drop the extra I and E.

Wed, 08/13/2014 - 11:08 | 5087260 tony wilson
tony wilson's picture

he has done so much for tel aviv i would suggest like the house of saud he is an undercover canaanite rabbi

Wed, 08/13/2014 - 11:12 | 5087278 Gringo Viejo
Gringo Viejo's picture

He's a halfwhite.

Wed, 08/13/2014 - 13:59 | 5088091 tenpanhandle
tenpanhandle's picture

you spelled halfwit wrong.

Wed, 08/13/2014 - 10:58 | 5087210 onthesquare
onthesquare's picture

50,000 tonnes.  That is over 1000 tractor trailer truck loads.  I guess train cars would be a better way so I am assuming the rail lines are still open.  Like modern day banking I suppose they never physically moved the wheat just the homemade ownership paper back and forth too and from Syria.  Sounds like Rotheschildes competing against Rotheschildes.  The world is a stage.

Wed, 08/13/2014 - 11:41 | 5087402 Canadian Dirtlump
Canadian Dirtlump's picture

Otfen when you take a sober look at these things the bullshit smell gets pretty strong. I'd say it's more closely in line with a staged propaganda campaign to set up up for garbage at home and abroad.


Let's hope the F-18s don't mistake super b convoys for convoys of mistubish flat deck vans with 23mm canons on the back.

Wed, 08/13/2014 - 11:10 | 5087268 813kml
813kml's picture

GS involvement to be confirmed when it underwrites the ISIS IPO.

Wed, 08/13/2014 - 12:58 | 5087812 P3likan
P3likan's picture

What makes me think Goldman isn't behind the Islamic Caliphate? Think before you speak.


People like you have the right to vote... God help us all.

Wed, 08/13/2014 - 13:30 | 5087945 Overfed
Overfed's picture

Lloyd? Fancy meeting you here.

Wed, 08/13/2014 - 10:52 | 5087180 Canadian Dirtlump
Canadian Dirtlump's picture

It is remarkable how these guys were either allowed to set up a complex infrastructure virtually over night, or the depths at this propaganda. I'll take door number 2.


The west could have easily bombed these guys back to the stone age as they drove their convoys in but chose not to because they wanted maliki gone. Now we have this hysterical propaganda how they stole half a billion dollars and now are the equivalent of a transnational conglomerate.


The latest is how they are now "switching to insurgent tactics" to prepare us for a long painful war.. I guess they abandoned the "thousands of pieces of advanced heavy weaponry" they stole  - which was the last story to scare the shit out of us.


Meanwhile we need to prepare for a long air evac operation for 10 thousand yezidi who a week ago nobody ( a few of us notwithstanding ) even knew existed. But ISIS in the open summarily executing hundreds if not thousands of both Sunni and Shia muslims ( including army chumps left hanging by deserting bosses ) didn't matter.


I'll stick with my original postulate that this is all a big game to end up keeping kurdistan sacrosanct for western pillaging purposes and a fat propaganda campaign in order to scare the shit out of the average joe..

Wed, 08/13/2014 - 11:01 | 5087227 onthesquare
onthesquare's picture

Are you by chance glutin intolerant?

Wed, 08/13/2014 - 11:41 | 5087422 Canadian Dirtlump
Canadian Dirtlump's picture

I say I am because the cool kids all say that - but I'm really not ( like no one is outside of the celiac pantheon of genetic inferiority). Pursuant to your math on convoys of grain. I've sampled, raw, almost every product that comes through the massive ( then ) sask wheat pool pacific grain terminal. Everything from navigator durum to feed peas to malting barley as they load ships.. I'm cast iron from eyehole to a-hole.


If you believe astrogoly check out june third, my birthday. Apparently I was hard to kill ( despite my own best efforts ) before I was born.

Wed, 08/13/2014 - 11:05 | 5087245 Herd Redirectio...
Herd Redirection Committee's picture

Whats funny, for me, is that there were many analyses back in ~2003 that said Iraq would be divided in 3!

And here we are...  But now the story is going to be that Iraq did that by its own accord, of course...

Wed, 08/13/2014 - 11:44 | 5087449 Canadian Dirtlump
Canadian Dirtlump's picture

Damn right. What is funnier is the satanic cabal put these countries together in the first place as the right thing to do now it is their will that it was an affront to these distincitve groups who can't get along ( because we engineer their quarrels ).



Wed, 08/13/2014 - 11:11 | 5087282 booboo
booboo's picture

Gollum Sachs


Wed, 08/13/2014 - 10:26 | 5087044 blindman
blindman's picture

this is modern banking 101.

Wed, 08/13/2014 - 10:30 | 5087066 SHEEPFUKKER

At least ISIS sells shit they have.  The banksters sell shit they don't have. 

Wed, 08/13/2014 - 11:04 | 5087240 blindman
blindman's picture

good point. the banks just threaten to take
possession for their profits, less actual "work"
and the evidence of the crime is just highly
proprietary and perishable paperwork.
The Engineered Destruction and Political Fragmentation of Iraq. Towards the Creation of a US Sponsored Islamist Caliphate

The Islamic State of Iraq and al-Sham: An instrument of the Western Military Alliance

By Prof Michel Chossudovsky
Global Research, August 09, 2014

Wed, 08/13/2014 - 10:26 | 5087047 kridkrid
kridkrid's picture

That's some Omar Little shit right there!

Wed, 08/13/2014 - 10:31 | 5087074 kridkrid
kridkrid's picture

Video of ISIS collecting the grain:

Wed, 08/13/2014 - 10:50 | 5087173 Utah_Get_Me_2
Utah_Get_Me_2's picture
The farmer in the dell
The farmer in the dell
Heigh-ho,[2] the derry-o
The farmer in the dell
The farmer takes a wife (2×)
Heigh-ho, the derry-o…
The wife takes the child (2×)
Heigh-ho, the derry-o…
The child takes the nurse (2×)
Heigh-ho, the derry-o…
The nurse takes the cow (2×)
Heigh-ho, the derry-o…
The cow takes the dog (2×)
Heigh-ho, the derry-o…
The dog takes the cat (2×)
Heigh-ho, the derry-o…
The cat takes the mouse (or rat) (2×)
Heigh-ho, the derry-o…
The mouse (or rat) takes the cheese (2×)
Heigh-ho, the derry-o…
The cheese stands alone (2×)
Heigh-ho, the derry-o…
Wed, 08/13/2014 - 11:07 | 5087256 kridkrid
kridkrid's picture

Just the other day my six-year-old son was singing that song. I had to pat him down to make sure he wasn't packing.

Wed, 08/13/2014 - 10:27 | 5087048 FieldingMellish
FieldingMellish's picture

How do you know Goldman hasn't thought of it already? Perhaps this is where ISIS got the idea from.

Wed, 08/13/2014 - 10:31 | 5087080 PontifexMaximus
PontifexMaximus's picture

....and iraq probably the financing will get from...

Wed, 08/13/2014 - 10:32 | 5087085 toady
toady's picture

Exactly. Goldman Sachs does this sort of thing every day. Ever heard of MBS?

Wed, 08/13/2014 - 10:27 | 5087051 ziggy59
ziggy59's picture

Monsanto did it ...

Wed, 08/13/2014 - 10:28 | 5087059 Callz d Ballz
Callz d Ballz's picture

It's the new "MEnron"

Wed, 08/13/2014 - 10:29 | 5087067 Rubbish
Rubbish's picture



Goldman Missed Opportunity

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