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The ISIS' Top Line: $2 Million In Daily Revenue From "Oil Sales, Extortion, Taxes And Smuggling"

Tyler Durden's picture


A few days ago when we commented, somewhat in jest, on the seemingly impressive strategic planning behind the Islamic State jihadists becoming a "commodities trading powerhouse" (when it was revealed that ISIS had sold the grain it had stolen from the Itaqi government back to the government), we described just how well-versed in the ways of the modern world ISIS was: "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, thanks to Bloomberg we can quantify this particular strategy, and put top-line numbers with the ISIS faces, so to speak: "The Islamic State, which now controls an area of Iraq and Syria larger than the U.K., may be raising more than $2 million dollars a day in revenue from oil sales, extortion, taxes and smuggling, according to U.S. intelligence officials and anti-terrorism finance experts."

In other words, a well-greased government machine, and not only that but one which has an infinitely greater net worth than the US, because with a net worth of some $2 billion (and rising by $2 million daily), the Islamic State has a "worth" of some $17+ trillion more than the United States, which instead of equity is funded entirely through debt, and ever more debt, thanks to the ongoing devaluation of the world's reserve currency.

Some more on how ISIS became the world's first self-contained, and funded, jihadist entity:

Unlike other extremist groups’ reliance on foreign donations that can be squeezed by sanctions, diplomacy and law enforcement, the Islamic State’s predominantly local revenue stream poses a unique challenge to governments seeking to halt its advance and undermine its ability to launch terrorist attacks that in time might be aimed at the U.S. and Europe.


“The Islamic State is probably the wealthiest terrorist group we’ve ever known,” said Matthew Levitt, a former U.S. Treasury terrorism and financial intelligence official who now is director of the counterterrorism and intelligence program at the Washington Institute for Near East Policy. “They’re not as integrated with the international financial system, and therefore not as vulnerable” to sanctions, anti-money laundering laws and banking regulations.

This is bad news for banks such as HSBC, which will be unable to launder "donations" to the Islamic State, which does not need such services:

There are few reliable financial figures for the groups. A UN report estimated the Taliban raised about $400 million in 2011 through local taxes, donations, and extortion directed at drug smugglers, mobile phone operators and aid projects.  The Afghan Taliban smuggle opium, minerals and timber; Colombia’s Marxist FARC rebels export cocaine; and Abu Sayyaf in the Philippines, as well as the al-Qaeda offshoots in Yemen and North Africa, have raised millions by taking hostages for ransom.


The money that the Islamic State group receives from outside donors pales in comparison to its income from extortion, kidnapping, robbery, oil smuggling and the like, said a U.S. intelligence official who spoke on the condition of anonymity to discuss classified information.

In short, ISIS would have simply been the latest entrant of the Petrodollar closed loop, if only it had somewhat better diplomatic relations with the US. As for the currency of choice, so far ISIS does not appear to have a particular predisposition toward dealing in greenbacks, which means that in the coming months one should expect strategic "scouting" missions by both Russia and China, deep below the radar of course, in the shadowy alleyways of Reqqa.

The revenue streams available to the Islamic State through its control of a vast oil-rich territory and access to local taxes dwarfs the income of other groups.


With its control of seven oil fields and two refineries in northern Iraq, and six out of 10 oil fields in eastern Syria, the terror group is selling crude at between $25 and $60 a barrel, Luay al-Khatteeb, a visiting fellow at the Brookings Institution’s Doha Center in Qatar, said in a telephone interview. That reflects a discount from world market prices due to the risk faced by middlemen smuggling and brokering the oil. By comparison, Brent crude for October settlement fell 1 cent today to $102.28 a barrel on the London-based ICE Futures Europe exchange.

Nations such as Saudi Arabia and the UAE are hardly enjoying these dumping rates, but one person who will be truly displeased by a marginal seller who gives as much as a 75% discount will be none other than Vladimir Putin, for whom as is widely known, the stock market may go up and go down, but one thing matters critically: to keep the price of Brent as high as possible. And with ISIS impairing the supply and demand curves, one wonders how long before the Kremlin decides to make a move of some sort.

Based on al-Khatteeb’s interviews with contacts in Iraq, the extremist group controls Iraqi fields with a production capacity of 80,000 barrels a day and now is extracting about half that amount. The Islamic State, he said, is likely earning some $2 million a day from crude sales, paid in cash or bartered goods as the oil crosses into the Kurdistan region of Iraq, Syria, Turkey and Jordan.


One important financial battlefield for the Islamic State, said the U.S. intelligence official, is the Baiji refinery in northern Iraq, which produces roughly a third of the country’s total oil output. It’s been shut down since an attack by extremists in June, and remains the scene of heavy fighting between extremists and government forces.

So what about the use of funds from the oil sales: for now these appears to be going to “keep the war machine running, to maintain institutions.” in the territory the Islamic State has seized from the Iraqi and Syrian governments, and “the rest of the cash is going to recruiting,” al-Khatteeb said.

Robin Mills of Dubai-based Manaar Energy Consulting and Project Management, said in a telephone interview that authorities have begun cracking down on oil smuggling into the Kurdish region, meaning more of the crude will be used locally by the Islamic State and oil revenues will start to shrink.


A second source of revenue for the Islamic State is taxing residents of the densely-populated cities such as Mosul in the territory it controls, which is roughly the size of Wyoming, and controlling granaries and other critical resources. Criminal activity from bank and jewelry store robberies, extortion, smuggling and kidnapping for ransom is also an important source of revenue.

Another source of profit: the group may have raised $10 million or more in recent years from ransom payments alone, said one U.S. official.

While the U.S. military launches airstrikes in Iraq against militants and their weaponry -- much of it American hardware abandoned by Iraqi forces -- other agencies are seeking ways to deplete the Islamic State’s coffers.

But the punchline, and where one can be certain the western banks are involved, is the following:

“It’s not totally clear where they’re storing all this money, but there may be ways to actually go after it,” he said. Whether or not it’s in a bank account, “you’ve got to put it somewhere.”

Uhm, just braintsotmring here, but has anyone thought to check HSBC and JPM's "private client" services database? Like we said, just a thought: clearly the world's largest banks would never stoop so low as to fund and launder money for the world's most barbaric and feared terrorist organizations.


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Mon, 08/25/2014 - 18:09 | 5142294 Publicus
Publicus's picture

And yet the tax/extortion paid under ISIS is less than that paid to the previous "government"

Mon, 08/25/2014 - 18:19 | 5142341 Pinto Currency
Pinto Currency's picture




Creation of ISIS Is one of Obama's few successes.

Mon, 08/25/2014 - 18:24 | 5142351 CH1
CH1's picture

2 million a day?? Those are little league numbers!

The US guv takes in several billion a day from their extortions!

Mon, 08/25/2014 - 18:30 | 5142377 espirit
espirit's picture

Don't take it personal, it's just business.

Mon, 08/25/2014 - 18:32 | 5142388 CH1
CH1's picture

It is just that, business... Joe and Jane Citizen are no more than cows to be milked and slaughtered.

One wonders if they will EVER wake up.

Mon, 08/25/2014 - 18:39 | 5142420 espirit
espirit's picture

Prolly not until they get hungry.

Mon, 08/25/2014 - 20:24 | 5142785 max2205
max2205's picture

I hear they are going to do an IPO

Mon, 08/25/2014 - 21:10 | 5142965 The_Dude
The_Dude's picture

Collateralize that bitch.....who wants to buy the head tranche?

Mon, 08/25/2014 - 23:28 | 5143515 markmotive
Tue, 08/26/2014 - 01:09 | 5143737 0z
0z's picture

"the world's most barbaric and feared terrorist organizations."

I believe the USA still holds that title.

Tue, 08/26/2014 - 04:02 | 5143881 James_Cole
James_Cole's picture

This is bad news for banks such as HSBC, which will be unable to launder "donations" to the Islamic State, which does not need such services:

Every terrorist organization / drug cartel worth its salt undersstands the value of a TBTJ partner. #believeinHSBC

Tue, 08/26/2014 - 04:38 | 5143901 Confused
Confused's picture

 but one person who will be truly displeased by a marginal seller who gives as much as a 75% discount will be none other than Vladimir Putin, for whom as is widely known, the stock market may go up and go down, but one thing matters critically: to keep the price of Brent as high as possible.


As others have pointed out, ISIS has certainly (at least in the mind of the public) come out of nowhere. One has to ask, how is this possible? If intelligence circles, were really doing what they claimed, surely they would have seen this through the early stages. And if so, they would have tried to stop this earlier. But as we've seen, ISIS has steam rolled everyone. So my question is, is it possible that this is a subversive attack on Putin? 

Mon, 08/25/2014 - 23:23 | 5143500 TheReplacement
TheReplacement's picture

And that is what makes if feel so personal.  We are less than dirt to them, just items to be discarded or used, don't matter which.

Mon, 08/25/2014 - 18:30 | 5142381 SWRichmond
SWRichmond's picture

Yes, imagine some terrorists making money from taxes and extortion!

Government = organized crime.

Mon, 08/25/2014 - 19:17 | 5142546 unrulian
unrulian's picture

you forgot booze, drugs, prostitution and gambling...have I forgot any?

Mon, 08/25/2014 - 19:34 | 5142614 Kirk2NCC1701
Kirk2NCC1701's picture

Freeze and Seize their Accounts!  Duh.

What, the Fed + BIS + NSA can track ANY bank account and transaction on the planet, can seize or freeze accounts abroad, but can't do the same to ISIS?  Are you fucking kidding me!?

Mon, 08/25/2014 - 23:27 | 5143514 TheReplacement
TheReplacement's picture

Can but why?  They are gonna make a fortune letting this play out.

Mon, 08/25/2014 - 18:38 | 5142411 AlaricBalth
AlaricBalth's picture

Hillary Clinton deserves credit for that.

2012 - Clinton first proposed a plan to then-CIA Director David Petraeus to partner on a gun-trafficking program to arm the Syrian resistance and “vet the rebel groups, and train fighters who would be supplied with weapons,” according to The New York Times.

June of 2012: The New York Times reports that the CIA is operating a secret arms transfer program that sounds exactly like the plan Clinton developed with Petraeus. Suddenly, there is: “…an influx of weapons and ammunition to the rebels.”

Mon, 08/25/2014 - 18:45 | 5142423 QQQBall
QQQBall's picture

They only claim $2MM through good tax accounting. The free USSA roll-up munitions and equipment are carried at a zero cost basis with excellerated depreciation write-offs. ISIS gonna get the cap gains  hammer if they sell that stuff for a profit. Look for them to form an airport MLP soon.

Mon, 08/25/2014 - 19:03 | 5142487 cougar_w
cougar_w's picture

You should write them with your suggestions.

Mon, 08/25/2014 - 18:25 | 5142361 Freddie
Freddie's picture

Sounds like the CIA....oh it is!

Mon, 08/25/2014 - 20:10 | 5142744 Overfed
Overfed's picture

Oil sales, taxes, extortion, and smuggling. Sounds like a government to me.

Mon, 08/25/2014 - 18:35 | 5142401 Berspankme
Berspankme's picture

$2 mil a day and free weaponry from John Mcshitstain and that other bobsey twin

Mon, 08/25/2014 - 18:35 | 5142403 junction
junction's picture

The solution: have the Justice Department send in its ace investigators to find out why ISIS is not filing Suspicious Activity Reports on potential money laundering.  After all, why just target Americans who deposit legally obtained cash in their bank accounts.  No loss if these investigators looking for civil penalties find out what ISIS does with all those sharp wooden stakes it has.

Mon, 08/25/2014 - 18:09 | 5142298 unrulian
unrulian's picture

That's exponential growth; these asshats shoud take their movement public I bet that IPO would be a killer 

Mon, 08/25/2014 - 18:19 | 5142338 walküre
walküre's picture

ticker, well ... ISIS of course

Mon, 08/25/2014 - 19:03 | 5142489 cougar_w
cougar_w's picture

Heads above the rest, certainly.

Mon, 08/25/2014 - 18:10 | 5142300 GVB
GVB's picture

Nuremberg trials, ok

Mon, 08/25/2014 - 18:51 | 5142306 Duc888
Duc888's picture




Not buyin' it.


Someone larger is providing logistics, intel and cover for them.


Mon, 08/25/2014 - 23:30 | 5143519 TheReplacement
TheReplacement's picture

The training and intel are telling.

Mon, 08/25/2014 - 18:12 | 5142308 Platinum_Investor
Platinum_Investor's picture

I very much doubt it's that high.

Mon, 08/25/2014 - 18:14 | 5142319 Itchy and Scratchy
Itchy and Scratchy's picture

They should go public. Goods margins & cash flow. Hot market too! Sounds like a perfect Goldman deal to me!

Mon, 08/25/2014 - 18:14 | 5142322 1stepcloser
1stepcloser's picture

Run some drugs and you'd have the CIA's model

Mon, 08/25/2014 - 23:30 | 5143524 TheReplacement
TheReplacement's picture

You are thinking Afghanistan.  This is oil country.

Mon, 08/25/2014 - 18:14 | 5142323 BlindMonkey
BlindMonkey's picture

Once they are exchange listed they are respectable right? It worked for Goldman Sachs.

Mon, 08/25/2014 - 18:18 | 5142326 falak pema
falak pema's picture

Maybe ISIS will make it to the fortune 500 list.

When they do they will be as respectable as Qatar and as feared as Israel.

That's the only yardstick the West and Hollywood really understand.

"We print the legend not the reality, let alone the truth !"

Mon, 08/25/2014 - 18:16 | 5142327 just-my-opinion
just-my-opinion's picture

I Thought Taxes and Extortion were the same thing

Mon, 08/25/2014 - 18:19 | 5142342 JamesBond
JamesBond's picture

Orwell, is that you?




Mon, 08/25/2014 - 18:15 | 5142328 NoWayJose
NoWayJose's picture

ISIS is making $2 million each day while the US is spending $2 billion a day more than it takes in. Which one will 'fall' first?

Mon, 08/25/2014 - 18:27 | 5142366 Freddie
Freddie's picture

Sounds like they are doing better than Amazon, Twitter and a few other stocks.

Mon, 08/25/2014 - 18:16 | 5142329 Infinite QE
Infinite QE's picture

Add child trafficking and organ harvesting and this could be Israel.

Mon, 08/25/2014 - 18:17 | 5142333 Not Too Important
Not Too Important's picture

When do they get their BIS Central Bank branch? It sure was quick for the Libyan 'freedom fighters'. Gaddafi was still there.

Mon, 08/25/2014 - 18:20 | 5142349 Infinite QE
Infinite QE's picture

All of their cash deposits go through a Rothschild-owned local bank and for their trading clearing, it's GS. Keep it all in the family.

Mon, 08/25/2014 - 18:17 | 5142334 MKD
MKD's picture

ok so who is isis selling oil to.why dont we put sanctions on them instead of russia.

Mon, 08/25/2014 - 18:24 | 5142358 FeralSerf
FeralSerf's picture

Israel, Turkey and maybe France.

Because ISIS is a Mossad and CIA operation.

Mon, 08/25/2014 - 19:06 | 5142501 cougar_w
cougar_w's picture

Because -- oil.

Mon, 08/25/2014 - 18:19 | 5142343 surf0766
surf0766's picture

O thinks if he gives them their own state all will be right in the world.

Mon, 08/25/2014 - 18:20 | 5142345 docmac324
docmac324's picture

News is they are trying to get both the Ebola virus, and a dirty bomb in through Mexico.


Houston, we have a problem.

Mon, 08/25/2014 - 18:28 | 5142369 CH1
CH1's picture

And I hear they have a weaponsized AIDS virus that will be released into the atmosphere over every major city in America!

Fear sucks.

Mon, 08/25/2014 - 18:37 | 5142412 NOTaREALmerican
NOTaREALmerican's picture

Re: through Mexico

All them tur-bine sum-brero weanin' Mexicans sneekin'-r-cross-r-borded ain't just-a Mexicans lookin to pick fruit if you know-a-where I'm-a-headin' here !

Mon, 08/25/2014 - 19:07 | 5142504 cougar_w
cougar_w's picture

News? Don't you mean fevered hallucinations?

Mon, 08/25/2014 - 18:21 | 5142347 Lotionboy
Lotionboy's picture

Simple..blow up the oil fields they control....bye bye revenue

Mon, 08/25/2014 - 20:16 | 5142418 JuliaS
JuliaS's picture

That's what Saddam did in Kuwait, knowing exactly what we were after. Well, no big deal! We retreated, waited till they rebuilt everything and moved in again.

Mon, 08/25/2014 - 18:55 | 5142472 SilverRhino
SilverRhino's picture

And if they start pricing their oil in anything but USD, we'll be back.  

Or if they keep selling oil so low and mass killing Christians.   The Russians have the perfect excuse to be invited in by Syria and go to work.  

Mon, 08/25/2014 - 19:09 | 5142512 cougar_w
cougar_w's picture

No no we don't blow up producing oil wells. We'll have Exxon in there next week showing them how to run the production units, and then nailing down a sweeeeet 5 year deal. That $60/bbl thing is the shit.

Mon, 08/25/2014 - 18:22 | 5142352 Itchy and Scratchy
Itchy and Scratchy's picture

I saw a pic with one of the hooded guys wearin' Gucci shoes & Rolex so they must be doin' alright!

Mon, 08/25/2014 - 18:25 | 5142356 Hannibal
Hannibal's picture
$2 Million In Daily Revenue From "Oil Sales, Extortion, Taxes And Smuggling"

all deposited and fdic insured at GoldmanSach.

Mon, 08/25/2014 - 18:29 | 5142368 ThroxxOfVron
ThroxxOfVron's picture

Oil Sales ( excise ) , Extortion ( regulatory charges ), Taxes And Smuggling ( customs )

Yep.  ISIS is a Government alright !

Have France, Indonesia or Angola recognized them yet?

Mon, 08/25/2014 - 21:20 | 5143011 trulz4lulz
trulz4lulz's picture

"may be raising more than $2 million dollars a day in revenue from oil sales, extortion, taxes and smuggling"

Oh they be rec'nized alright. Thats a very familiar M.O. Trying to remember what major world power that reminds me of....? Hmmmm.....I know it will come to me soon. I just know it.

Mon, 08/25/2014 - 18:28 | 5142370 QQQBall
QQQBall's picture

but if I take $600 out of the bank, I have to agree to an anal probe.

Mon, 08/25/2014 - 18:32 | 5142374 Itchy and Scratchy
Itchy and Scratchy's picture

A tad expensive. Pay no more than $200 & u shud get a full hour!  

Mon, 08/25/2014 - 18:29 | 5142375 CH1
CH1's picture

That's cause you're in their cage.

Mon, 08/25/2014 - 18:28 | 5142372 Itchy and Scratchy
Itchy and Scratchy's picture

The street has ISIS as a buy & potential merger candidate with HAMAS with combined upside total return potential of +25% + dividends.

Mon, 08/25/2014 - 18:31 | 5142385 ThroxxOfVron
ThroxxOfVron's picture

Let's IPO 'em!

These Folks have upside potential to rival Amazon!

200mm shares @ $35.00 should be about right.

Mon, 08/25/2014 - 18:36 | 5142406 espirit
espirit's picture

Surprised that hasn't happened yet.

Mon, 08/25/2014 - 19:11 | 5142521 cougar_w
cougar_w's picture

Give it a while.

Mon, 08/25/2014 - 18:34 | 5142400 espirit
espirit's picture

ISMAS has a nice ring to it.

Rhymes with Tis the Season to be Jolly.

Mon, 08/25/2014 - 18:30 | 5142382 Peter Pan
Peter Pan's picture

At two million a day they certainly give more bang for their buck than what the US taxpayer gets from its military. They are living proof that the US war machine is about profit and not results.

Mon, 08/25/2014 - 18:31 | 5142387 dearth vader
dearth vader's picture

Where IS is keeping its money? Try Qatar, their sugar daddy.

Mon, 08/25/2014 - 19:13 | 5142532 Quaderratic Probing
Quaderratic Probing's picture

Bags of US silver dimes in a hole in their back yard, like all end of the world prepers.. at least they know the date. 

Mon, 08/25/2014 - 18:33 | 5142392 Boomberg
Boomberg's picture

Oil is worthless without a buyer. The real terrorists are the buyers. Don't hear too much about that end of the deal. And what can you do with all that wealth if nobody sells you weapons? Who are the weapons sellers? The real terrorists are the arms dealers. They aren't making their own artillery and bullets. Self-sufficient my ass. Without complicity by some major players these guys would be nothing but a bunch of disgruntled yahoos on Facebook. 

Mon, 08/25/2014 - 19:08 | 5142510 Frank N. Beans
Frank N. Beans's picture

are you suggesting Goldman Sachs is somehow involved? 

or maybe the see-i-aye?

Tue, 08/26/2014 - 08:03 | 5144126 alexdg
alexdg's picture

My thoughts exactly! How come the article totally ignores who the buyers are?! It's not like barrels of oil is a virtual good, 50 or 60 thousands of barrels a day is a pretty big logistical challenge in a war torn country. You'd think they could easily follow the crude and figure out who is buying it. 

My hunch is that Saudi Arabia is doing the purchases and supplying ISIS with fuel and other supplies to keep the war going and trying to topple Assad.

Mon, 08/25/2014 - 18:37 | 5142410 Itchy and Scratchy
Itchy and Scratchy's picture

They might want to hedge those USD's!

Mon, 08/25/2014 - 18:38 | 5142413 tony wilson
tony wilson's picture

they are the new hitler


do they make anything

do they have a military industrial complex.

can they refine oil can they control ships

what bank do they use

which countries are buying this stolen oil

what is the back story of the leader of isis

are isaeli field hospitals repairing these isis guys.

force military projection and takeover needs refined oils for fuel and logistics.

who is supplying those logistics.


bollox shit news for medicated morons.

Mon, 08/25/2014 - 18:41 | 5142425 JuliaS
JuliaS's picture

We're the old one.

Mon, 08/25/2014 - 18:40 | 5142429 jacship
jacship's picture

One criminal enterprise supported by many other criminal enterprises

who does this remind us of

Mon, 08/25/2014 - 18:44 | 5142437 tony wilson
tony wilson's picture

the big money is being made by the kurds and israel and turkey stealing iraqs oil via pipeline and ship


Mon, 08/25/2014 - 18:44 | 5142440 roadhazard
roadhazard's picture

Who cares, money wins nothing. Just look at America.

Mon, 08/25/2014 - 18:44 | 5142442 potato
potato's picture

How soon before their lobbyists get Congress to reclassify them as "trusted allies"?

Mon, 08/25/2014 - 18:53 | 5142464 unplugged
unplugged's picture

did you mean the USSA instead of ISIS ?

Mon, 08/25/2014 - 18:55 | 5142469 Seize Mars
Seize Mars's picture

I like these guys already

Mon, 08/25/2014 - 19:16 | 5142541 cougar_w
cougar_w's picture

Yeah isn't that nuts? First Putin, now ISIS. What's that about anyway? I guess we detest our government that much.

Actually, creative criminals usually appeal somehow. Maybe there is a little bit of the Mafia in all of us.

Mon, 08/25/2014 - 20:31 | 5142819 Seize Mars
Seize Mars's picture

I think I would be a little more "Butch Cassidy." You know, "affable."

Mon, 08/25/2014 - 23:37 | 5143543 TheReplacement
TheReplacement's picture

The CIA doesn't need anymore fanboys but thanks.

Mon, 08/25/2014 - 19:10 | 5142516 Fuku Ben
Fuku Ben's picture

Who's the account exec assigned to ISIS by GS?

Mon, 08/25/2014 - 19:30 | 5142599 limacon
limacon's picture

Back to the Good Old Days of the Ottoman Empire .

However , back at the Desert Ranch , the drought and overpopulation is beginning to assume the same severity as about 1800 BCE .

Then the Bronze Age Civilization collapsed .

Similarly , the stresses is tearing the Middle East apart .

for some small measure of the desperation .

Mon, 08/25/2014 - 19:33 | 5142613 NoelConfidence
NoelConfidence's picture

So they've taken the U.S. business model and ran with it?

Mon, 08/25/2014 - 19:34 | 5142615 SweetDoug
SweetDoug's picture




How many of Boko-Haram have self-inflicted Ebola, or gathered blood in vials, and passed it onto ISIS, to be transported to the US, to be aerosolized into the air in a crop duster, over NY city, on a Tuesday, at 8:15am?


It's what I'd be doing if I were them.


Oops! Thinking outloud again!



Mon, 08/25/2014 - 20:19 | 5142766 Fix It Again Timmy
Fix It Again Timmy's picture

Gee, I wonder if they file an income tax form at the end of the year?...

Mon, 08/25/2014 - 20:24 | 5142784 Ban KKiller
Ban KKiller's picture

I smell major league corruption coming soon. All they need is a bank. Which banksters are licking their balls? By "their" I mean any. 

All they need for a disguise is to shave and cut their hair. Hang out in Albuquerque and learn Spanish. 

Mon, 08/25/2014 - 20:30 | 5142815 Herdee
Herdee's picture

I can see ISIS partnering eventually with the Taliban in order to take away the CIA's opium smuggling operations and all that cold hard cash used to cause chaos secretly.Might have a new  type of drug selling mafia shipping into the U.S. to help out with the plan to destroy society from within.Why let the CIA do it by themselves?

Mon, 08/25/2014 - 21:47 | 5143107 ToNYC
ToNYC's picture

How do you spell HSBC?

Mon, 08/25/2014 - 21:55 | 5143147 Pumpkin
Pumpkin's picture

$2 million per day?  Pfffffffffffffft!  The US government makes them look like amateurs.

Mon, 08/25/2014 - 23:23 | 5143489 New American Re...
New American Revolution's picture

Doesn't anyone see it?  Al Qaeda is the new name for the Ikhwan, the combined military islamic brotherhood Wahhabi machine that Ibn Saud created in 1912.  They were his secret army during and after WWI and was used to invade and take the Hajez from King Ali Hussein and it still is the secret military arm of the 3rd Saudi State today.  Sure he stomped on their dicks in 1929, killed the leader and bought everyone else off and married them all into his family (he fathered 45 children).   The same organization today has just changed their name to al Qaeda and they comprise the ISIS (TCG Tunisian's and Saudi's).  This is what they shifted to after the American people wouldn't let Obama invade Syria after Saudi Chief of Intel, Prince Bandar pulled a false flag gas attack last September 2013 to get America to bomb Syria into the stone age.  Didn't work, so they're going in another direction.  I mean, who needs the U.S. if they won't bomb anyone that stands in the way of the 3rd Saudi State (1902-current).  What?  You didn't know about the 3rd SS?  I'll bet you didn't know about the 1st SS (1744-1818), or the 2nd SS (1818-1890)   Take a look at a BBC map of what ISIS controls, not the one circulating around the U.S., because that one is bullshit.  The real map shows major contiguity with the northern border of Saudi Arabia, where the Kingdom has 35,000 troops to secure the border AND THAT'S BULLSHIT TOO!  Because they're there to keep them supplied, give them direction, buy commodities and launder their funds.  Why?  A natural gas pipeline from Qatar to Turkey (where have you been?), the same reason they fought Syria.  It didn't work that way so they're doing it another way and the US is in on it.  92 sorties in 3 weeks?  Really?  WoW, we're really kicking some rag ass, aren't we NOT?   But the neocons of Obama and Bush are making the US irrelevant and before too long the Saudi's are going to shift to their new pals, the Chinese who now buy most of their oil.  Sayonara Dollar.... chumps...  But then of course you wouldn't know about this because Tyler refuses to print my research.

Tue, 08/26/2014 - 07:57 | 5144113 alexdg
alexdg's picture

this might sound like a stupid question, but about following the barrels of oil? seems like it is pretty physical enough to follow and simply find out who is buying this cheap crude, and sanction those countries. 

Or perhaps these purchasing countries are allies and part of the plan of sustaining ISIS in taking down Assad once and for all?

Tue, 08/26/2014 - 08:26 | 5144201 manich
manich's picture

So US has intel satellites, drones, etc. overhead, and they just sit up there watching $2mil a day in oil being "trucked off" without putting a crimp in their business. That alone should tell you what a farce this is.

But be afraid, very afraid. They will now have the bucks to buy a large ferry to transport their Nissan pickup trucks across the ocean to our shores.


Tue, 08/26/2014 - 08:46 | 5144281 AdvancingTime
AdvancingTime's picture

What a ironic and sad tangled web we weave. Things have deteriorated to the point that people in American are using every opportunity to take their eyes off what is happening in Iraq, the country has become a train wreck and is rapidly morphing into a failed State. It is often unwise to take your eyes off a problem for long because when you look back you might find that things have gone horribly wrong, this is the case in Iraq and Syria.

It is amazing so many people don't have a clue as to what is going on. Recently the group called ISIS shocked much of the world by swiftly capturing Mosul in an offensive that allowed the group to take control of major parts of northern and western Iraq. ISIS has plenty of money and is gathering more. The article below delves into ISIS and where the money is coming from.

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