As reported by Reuters and others, Hezbollah is funding residents of destroyed areas in Lebanon to help them rebuild their homes -- to the tune of $12,000 in (American) cash, each.
From Reuters:
Hizbollah has not said where the funds are coming from to compensate people for an estimated 15,000 destroyed homes. The scheme appears likely to cost at least $150 million. The Lebanese government has yet to launch anything similar.
So where's the money coming from? If you said Iran, you're right. A Fox article adds this useful tidbit:
...Hezbollah on Friday started handing out crisp one hundred dollar bills to residents who lost their homes in the Israeli bombing campaign...
Only three players can generate large volumes of hundred dollar bills -- the United States, North Korea, and Iran. It's not just a matter of convenience that Hezbollah chose to use a large-denomination American bill to buy its postwar popularity.
Comments (2)
I'm pretty sure that the Iranians have the right kind of printing presses to make counterfeit US dollars. Since we sold them to the Shah. Is that what you are referring to?
Posted by tim | August 19, 2006 11:45 AM
Posted on August 19, 2006 11:45
Absolutely.
Posted by parakkum | August 20, 2006 01:01 AM
Posted on August 20, 2006 01:01