Money Makes The World Go Down...

Saw a reportage tonight on German TV that dealt with the enormous dissipation of (according to the programme) 23 billion US $. Iraqi money, mind you. If you're good in German, you can find the script here. If not: a fellow blogger fortunately posted quite some details here. In brief: the US government had the splendid idea of transferring Sadam's frozen money (from oil sales) to Iraq. Cash!!! An unbelievably disorganized bunch of idiots managed to reduce that huge amount of dollar bills from once 23 billion to 3.5 billion. Retired Admiral David Oliver said to US Congress: I can't tell you whether or not the money went to the right things - nor do I actually think it's important. One has to ask how much peace and safety that money could have generated. Four years (!) after the fall of Sadam Iraq produces less electricity, less oil, less clean water than it did under the dictator. How safe, may I add, is the world with complete ignorants like David Oliver and his bosses in charge. The financial genius, by the way, is now Executive Vice President and Chief Operating Officer with EADS North America to strengthen the EADS strategic management team in the U.S. Good night...