This is still more of the poison fruit of Obama’s disastrous Iran deal. The Islamic Republic of Iran, the world’s largest state sponsor of terrorism, has been letting its people starve while putting the billions in jizya that Obama turned over to the mullahcracy to work strengthening Hizb’Allah and Hamas, two bloodthirsty jihad terror groups dedicated to the destruction of Israel. Obama and his henchmen should be tried for treason: they gave aid and comfort to the enemy. Now these two Iranian client terror groups are among the richest the world, and it is due to the treasonous actions of the former President of the United States. The enemedia, of course, hasn’t paid the slightest degree of notice to this.
“Hezbollah and Hamas rank at top of Forbes’ ‘Richest Terror Groups’ list”, by Batya Jerenberg, World Israel News, December 30, 2017:
One of the more far-reaching consequences of former President Barack Obama’s nuclear deal with Iran is on display in Forbes Israel’s latest ranking of the richest terrorist groups in the world, as in 2017 Iran-backed Hezbollah leaped to the top of list with a whopping $1.1 billion in revenue.
That is not to say that all their income stems from Iran. Terrorist organizations in general also fund their purchase of arms, training and salary payments to their members from such criminal activities as drug smuggling, money laundering, kickbacks, kidnappings, ‘protection’, etc., just as organized crime does.
But the nuclear deal, it should be recalled, allowed for the release of billions of dollars into Iran’s state coffers from the lifting of internationally imposed sanctions, and the unfreezing of its assets abroad. This, in turn, allowed the world’s largest sponsor of terrorism to open the spigots to its proxies, and the results can clearly be seen by comparing this year’s “Top Ten” list with the previous one, made in 2014. Lebanese group Hezbollah, which has been fighting in Syria for years for Iranian ally Bashar al-Assad, was then ranked fourth, with $500 million – only half of what it has today.
Hamas has $700 million
The Gaza Strip’s Hamas, meanwhile, is now in third place, having actually dropped a rung from 2014. (The Taliban now occupy second place, with a revenue of $800 million). Forbes lists them as currently receiving about $700 million a year, vs. a billion dollars three years ago. They have two well-known state sponsors, Qatar and, again, Iran. But in the decade since it took over Gaza, Hamas also became expert in extracting money from its own citizens.
According to Forbes’ 2014 report, Hamas makes most of its money from a sophisticated tax system aimed at, among other things, pocketing large portions of the international aid that flows into Gaza. It also runs hundreds of businesses, controls several banks, and has levies on all consumer goods entering the Gaza Strip. All in all, the report says, about 15% of Gaza’s economy ends up in this organization’s pocket.
ISIS drops to 5th place
There is a steep drop-off from the top three richest terror organizations to the bottom seven. Al-Qaeda and its affiliates are listed next with only $300 million. The Islamic State used to be the richest terror organization the world has ever known, with an annual turnover of around $2 billion in 2014, but its defeat in Iraq and subsequent relinquishment of territory have dropped it to fifth place with a drastic reduction to $200 million…..
The Truth Must be Told
Your contribution supports independent journalism
Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.
Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.
Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.
Please contribute to our ground-breaking work here.
Make a monthly commitment to support The Geller Report – choose the option that suits you best.