codshit.com: U.S. to seize Iraqi assets

Friday 21 March 2003

U.S. to seize Iraqi assets

Treasury secretary also calls on other nations to confiscate funds held by Iraq.

The U.S. Treasury Department announced Thursday the federal government will seize $1.4 billion in Iraqi assets frozen since the first Gulf War, and use the money for humanitarian aid and reconstruction in Iraq.

The department also called on Britain, the Bahamas, the Cayman Islands and other governments and institutions that have an estimated $600 million in frozen Iraqi assets to do the same.

The announcement by Treasury Secretary John Snow came after President Bush Thursday issued an executive order confiscating "non-diplomatic Iraqi government assets in the United States" and authorizing the Treasury Department to "marshal the assets and to use the funds for the welfare of the Iraqi people."

In a statement, Bush said he had "determined that such use would be in the interest of and for the benefit of the United States."

Thursday's confiscation of Iraqi assets is the president's first use of such power under the U.S. Patriot Act, enacted in the wake of the Sept. 11 attacks.

The Iraqi assets frozen since the first Gulf War in 1991 are in 18 U.S. banks.

Full story...

Enlightenment

Do you feel like you're living in some Orwellian nightmare? Or perhaps you feel as if you're plugged into The Matrix? Well if so, you've come to the right place. No matter how messed up you thought the world was, by the time you've finished reading some of the things I've found on my travels in Cyberspace you'll realise that 1984 was just a typo!

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Wisdom

Americans have different ways of saying things. They say 'elevator', we say 'lift'...they say 'President', we say 'stupid psychopathic git'....
.: Alexi Sayle :.

If you confront the Universe with good intentions in your heart it will reflect that and reward your intent... usually... It just doesn't always do it in the way you expect.
.: G'kar :.

So there, we have figured it out, go back to bed America, your government has figured out how it all transpired. Go back to bed America, your government is in control again. Here, here's American Gladiators. Watch this, shut up. Go back to bed America, here's American Gladiators. Here's 56 channels of it. Watch these pituitary retards bang their fuckin skulls together and congratulate you on living in the land of freedom. Here you go America, you are free... to do as we tell you.
.: Bill Hicks :.

Let there be no doubt that the people of the free world are engaged in a war... In the next few years, we are either going to see the people of the free world rise up against these fascists, now setting the stage for global war, or we are going to see the end of democracy as we know it with martial law the end result.
.: David Shayler :.

Nothing will end war unless the people themselves refuse to go to war.
.: Albert Einstein :.

Wisdom