Saturday, November 07th, 2009

Hot Topics : Unique “Payout Method” Instantly Credits Your Bank Account on the 3rd Friday of Every Month

Iraq War ‘Caused Slowdown in the US’

Feb 28th, 2008 | By etrwbonner | Category: Financial News

The former World Bank vice-president yesterday said the war had, so far, cost the US something like $US3trillion ($3.3 trillion) compared with the $US50-$US60-billion predicted in 2003.

Australia also faced a real bill much greater than the $2.2billion in military spending reported last week by Australian Defence Force chief Angus Houston, Professor Stiglitz said, pointing to higher oil prices and other indirect costs of the wars.

Professor Stiglitz told the Chatham House think tank in London that the Bush White House was currently estimating the cost of the war at about $US500 billion, but that figure massively understated things such as the medical and welfare costs of US military servicemen.


AdvertisementPredatory Trading Formula Preys on Falling Stocks for 170 Winning Trades!

While most people are being decimated by the ongoing market collapse, a small group of smart folks are turning the market plunge into big gains of 224%... 279%... 214%... 291%... and more! Here’s how to turn the market crisis into your personal profit machine. First come, first served… so reserve your space now…



More on this topic (What's this?)
Oil Will Pay for the Iraq War?
Who's Buying Oil Today? The Answer May Surprise You
Read more on Iraq War, Oil, World Bank at Wikinvest

By etrwbonner

Random Posts



Leave Comment