11 November 2002

Where Did All the Money Go?

As reported by the news, the Palestinians are hard up for money and it’s Israel’s fault. However, as I’m apt to say - do the research. There has been Billions of dollars that have been donated to the Palestinian cause. Billions with a big “B”. The question is, where did all the money go?

The beginning of the money trail began in 1991, when the Palestinian Liberation Organization (PLO) was still considered a terrorist organization (unlike today where they are a peace loving group). The Bank of England had shut down the Pakistani Bank of Credit and Commerce International on July 5, 1991, and found that the PLO had at least 10 Billion dollars stashed away.

Britain’s National Crime Intelligence Service concluded in 1993 that the PLO was the “richest of all terrorist organizations”. They estimated the PLO’s worth at 8-10 Billion dollars with an annual income of 1.5-2 Billion from “extortion, payoffs, illegal arms dealing, drug trafficking, money laundering, fraud, etc.”

After the Oslo Accords in 1993, where Yasser Arafat and the Palestinians were supposed to make peace with the Jews, he asked the world for donations and got even more money.

In 1996, the Palestinians had some serious suspicions about Arafat and his top advisors (the mansions in Gaza tipped them off), and decided to create a commission to investigate. They found that almost 40% of the Palestinian Authority’s (of which Arafat is head) 800 million dollar annual budget, disappeared through mismanagement and corruption. The Palestinian Authority's comptroller wrote, "The overall picture is one of a Mafia-style government, where the main point of being in public office is to get rich quick." This annual budget is dependent on the foreign aid of the European Union and Arab countries.

In 2001, at least 45 million dollars a month was given directly to Arafat - coming mostly from Iraq and Saudi Arabia (a good friend of the United States). This money was not given to help the people, but to fund the PLO’s terrorist organizations of the Islamic Jihad and the al Aqsa Martyrs Brigade. Currently, donations are up to 55 million dollars monthly.

The German newspaper Die Zeit discovered that at least 4.1 Billion Euros have been donated by the European Union to the Palestinian Authority since 1993, and since June 2001, 10 million Euros have gone directly to Arafat. A Kuwaiti newspaper recently published documents that showed that Arafat deposited 5.1 million dollars into his own personal account in Cairo, Egypt. The newspaper also reported that this was the same money that was supposed to go to the Palestinian people. The United States also donates to the Palestinians to the tune of 75 million dollars annually. All of this even when there is clear evidence that the money has gone to fund terrorism. Evidence with Arafat’s signature signed on the bottom, paying for explosives and supporting the suicide bombers families.

Now we see where the money has gone. It hasn’t gone into building an economic infrastructure. It hasn’t gone into building roads. It hasn’t gone into building homes. It hasn’t gone into building a democracy.

The money has gone straight into Arafat and his buddies’ pockets. It has gone into teaching children to hate. It has gone into creating and supporting terrorist organizations and networks. It has gone into creating a corrupt, destructive, dictatorial terrorist regime. (www.middleeastfacts.com, www.freeman.org)

This is where the money has gone.

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