Monday, November 27, 2006

Australian Wheat Board Payoff Scandal Thickens

This one's tought to get a handle on for Americans and for the most part we're oblivious to what's going on in the world beyond our borders....imagine if the CIA or the Mafia represented all American farmers who sell wheat. Well, that's essentially what you've got in Australia and Canada....a government trading monopoly in wheat. And we know what happens with government trading monopolies through the past history of the Soviet Union. The farmer gets hosed on both ends of the transaction.

Well, if that rings your bell, it's what we've got going on with recent probes into the Australian Wheat Board's antics in corrupting the UN's Oil For Food program in Iraq. It's been determined that some $222 million USD or more was funneled to Saddam and his goons through a phony Jordanian trucking company.

Stay tuned....this is getting interesting.

UPDATE: Here's a link to the official website for the inquiry.


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