The real cost of the Iraq war is somewhere between 1-2 trillion dollars.
The money used to fund the war was created out of thin air by the Federal
Reserve. The Fed deposits electronic bits into the US treasury to pay for
the war. Prior to the BIG deposits, the money from the Fed never existed.
It is the loan which brings the money into existence. The Federal Reserve is
lending the US government money that it not only doesn't have -- it does not
have assets to cover the worth of the money. That money for the most part
is given to companies like Cheney's Halliburton. Only a very small
percentage is given to Americans in military salaries. The burden to pay
back the Federal Reserve loan is handed off to the American tax payers in
the form of the infamous 'national debt'. Thus money is created...

The real cost of the Iraq war is somewhere between 1-2 trillion dollars.
The money used to fund the war was created out of thin air by the Federal
Reserve. The Fed deposits electronic bits into the US treasury to pay for
the war. Prior to the BIG deposits, the money from the Fed never existed.
It is the loan which brings the money into existence. The Federal Reserve is
lending the US government money that it not only doesn't have -- it does not
have assets to cover the worth of the money. That money for the most part
is given to companies like Cheney's Halliburton. Only a very small
percentage is given to Americans in military salaries. The burden to pay
back the Federal Reserve loan is handed off to the American tax payers in
the form of the infamous 'national debt'. Thus moony is created...