Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve

ISIS, Bleeding Cash Sells Antiquities to Survive

August 7, 2017 By The Editors

With more of its oil revenue out of reach each day, ISIS is turning to alternative methods to fund its so-called caliphate. Receiving new attention in the revenue squeeze is selling stolen antiquities from Syria and Iraq. Enablers act as middle-men, buying up the looted artifacts and selling them to buyers who are willing to ignore their questionable origins. A Wall Street Journal investigation reports on the new trend in ISIS held areas.

ISIS’s territorial grip is fading fast: Iraq has declared victory over the terrorist group in Mosul and ISIS is fighting to hold its self-proclaimed Syrian capital Raqqa—the last major city under its control. But the group’s legacy of looting will linger for many years, law-enforcement officials say, in much the same way that art looted by the Nazis continues to surface 70 years later. The ancient statues, jewelry and artifacts that ISIS has stolen in Syria and Iraq, are already moving underground and may not surface for decades, according to these officials and experts in the trade.

“Once looted in Syria and Iraq, objects enter a gray market shrouded in secrecy,” said Michael Danti, an archaeologist who directs the Boston-based Cultural Heritage Initiatives and advises the U.S. State Department on the looting of antiquities in Syria. “It’s a problem that will stay with us for years to come.”

Western security officials say they expect revenue from looted antiquities from Iraq and Syria to become an increasingly important source of money for ISIS if its other revenue streams, such as oil, continue to dwindle.

“ISIS is increasing pressure on this line of trafficking to compensate for the loss of petroleum revenue,” a French security official said.

While it’s impossible to know how much money these stolen artifacts provide to ISIS annually—estimates range from the low tens of millions by Mr. Danti to $100 million by another French security official—the income is considered noteworthy.

Read more here.

Looted Syrian artifacts appear in London antique markets

Related Posts

  • Survival Cash
  • ISIS Gold?
  • ISIS Common Sense
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • Is China Planning to Blockade Taiwan? - August 5, 2022
  • Big Tech in Times of War - August 5, 2022
  • Auto Industry Lobbyists Want Americans to Subsidize Chinese Battery Production - August 5, 2022

Dick Young’s Must Reads

  • Rich Grandchild, Poor Grandchild
  • “The Great Object Is that Every Man Be Armed”
  • Democracy: The Most Dangerous and Insidious Effect of Majority Rule.
  • Escape From the City: You’re Going to Like What You See
  • The Butterfly Effect and Chaotic Markets
  • Tom Brady Is Proof You Shouldn’t Retire if You Still Love Your Work
  • What Do You Know About Rho-Kinase?
  • Your Best State on Guns, Plus the 8th Wonder of the World
  • What’s the Best Survival Currency?
  • A NEW CONTRACT WITH AMERICA: Rick Scott Finally Gives the GOP Something to Run On

Our Most Popular Posts

  • Republicans Can’t Control Their Impulses
  • Do You Have $500,000 in Savings? Avoid This Nightmare
  • GREAT RESET: They Want You to Eat Bugs, and Be Happy About It
  • WORST NAMED BILL EVER: Inflation Reduction Act of 2022
  • The Key Ingredient to an $8 Million Estate Is This
  • NO GO ZONES: The Wealthy Protected, the Rest Left to Rot
  • Elites Use Pandemic to Justify Tyrannical Climate Agenda
  • Germany Completely Dependent on Russia for Gas
  • New Secret Weapon is Like Dropping Anvils on Terrorists Heads
  • Modern Civil Service: 2.8 Million, Neither Efficient Nor Apolitical

Disclosure

RSS Youngresearch.com

  • DESANTIS RESISTS: Suspends Soros-Funded Destruction of America
  • Despite All the Money Involved, Crypto Is Still a Wild Market
  • BIDEN UNCONVINCING: Saudis Holding Fire on Spare Capacity
  • Your Seats Await at Newport’s Castle Hill
  • Big Corporations Making Big Investments
  • Field of Dreams: You Too Can Live Like a Billionaire
  • HEDGE FUND CARNAGE: Second Worst Performance Ever
  • Just 21 Countries Account for 80% of World Energy Consumption
  • Do You Have $500,000 in Savings? Avoid This Nightmare
  • How to Stabilize Stablecoins

A Conservative Case for Optimism

What’s Up in the Amazon?

Who Is Alex Jones?

DESANTIS RESISTS: Suspends Soros-Funded Destruction of America

Happy Hour Friday!

Is China Planning to Blockade Taiwan?

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives