June 11, 2014

Good News: Terror Group Considered too Extreme for al Qaeda Now Has More Money than al Qaeda Ever Did!

You've heard about the military hardware that the Islamic State of Iraq and Sham (ISIS) captured in the past few days, but what about all the cash they've taken? Yes, they're are banks in towns like Mosul and Tikrit and ISIS now has all that cash. How much? I've been seeing claims on Twitter from ISIS sources claiming as much as ... wait for it .... $500 million dollars:

Nevertheless, this is very significant, and analysis of the fall of Mosul so far has given it short shrift. If the number is accurate, ISIS now has more money than Osama bin Laden ever did -- not accounting for inflation, but also not counting ISIS's previous bankroll and the fundraising bonanza that its conquest of Mosul is likely to produce.

Media coverage has thus far focused on pictures circulated by ISIS of its jihadists driving around in American Humvees captured from the Iraqi army. But you can't fly a Humvee into a skyscraper in Manhattan. Armor travels regionally, money travels globally. ISIS is now arguably in a better position to bankroll global terrorism than al Qaeda ever was.


By Rusty Shackleford, Ph.D. at 01:31 PM | Comments |