January 17, 2009

Where Hamas Gets Its Money

The U.N., the E.U., the Gulf States, the U.S.–and Israel.

by Rachel Ehrenfeld, Forbes.com, Jan. 16, 2009

Rachel Ehrenfeld

Rachel Ehrenfeld

Amid international condemnation of Israel, one would never guess that humanitarian aid and even cash is flowing into Hamas coffers, while its rockets continue to hit Israel.

It is important to alleviate the suffering of innocent Palestinians. However, since Gaza is under Hamas control, we have to ask: Will aid reach the suffering populace? If the past is any indication, most funds and supplies will end up with Hamas.

The world community that berates Israel for defending itself from constant attacks by the terrorist group also facilitated Hamas’ victory in the 2006 Palestinian Authority election, when it was allowed to run under the name “List of Change and Reform.”

Since then, despite repeated promises to cut off funds for Hamas, international aid organizations and many countries kept on sending money to Gaza, purportedly for humanitarian aid. The United Nations Relief and Works Agency, the U.N. agency for Palestinian refugees, raises money for Gaza through its Web site, with payments going through WorldPay (part of the Royal Bank of Scotland Group), the Arab Bank PLC in Gaza and HSBC in Amman, Jordan. Those funds come in addition to UNRWA’s annual budget of $400 million.

The $7 billion to $10 billion that the Palestinian Authority has received since 1993 has come from the European Union, the U.N., the U.S., Saudi Arabia and other Arab League countries. France alone has sent more than $3 billion. This influx of cash has done little to advance the development of a viable Palestinian state or of peace in the region. Rather, it has helped to fuel the Palestinian leadership’s terrorist agenda, and kept the Palestinian people oppressed and disenfranchised. (Continue Reading this Article)

Posted by Jerry Gordon @ 3:29 am | 3 Comments »

3 Responses to Where Hamas Gets Its Money

  1. Laura says:

    Why are western nations providing cash that they KNOW will actually be going to hamas for their weapons and rockets and not for humanitarian purposes? It would seem they want to fuel the war against Israel. There can be no other explanation.

  2. Ted Belman says:

    The West has pledged $1.6 billion for reconstruction. Guess how much gets into the coffers of Hamas. So Hamas makes a profit on the war.

  3. retired says:

    Want to know why the western world supports Hamas & condemns Israel? The reason is simple,huge amounts of petrodollars to buy friends in Europe & America.We have a situation where the Arabs have unlimited funds to spend on bribes & Israel has only Jews & Jewish life has always been cheap & expendable.The degenerate garbage that makes up West European elites would murder their own mothers to turn a profit.Under these circumstances why would they hesitate murdering Jews?Why ask these foolish questions when the answers can be found in any history texts concerning events in Europe from 1932 to 1945.We already know how Europe feels about Jews,why fool ourslves a 2nd time?