US official: ‘Islamic State’ a petrostate

The “Islamic State” has amassed wealth at an unprecedented pace, according to a US Treasury official. IS earns about $1 million a day from black market oil sales alone.

David Cohen, US treasury undersecretary for terrorism and financial intelligence, said the “Islamic State” (IS) pulls in 790,000 euros daily, selling up to 50,000 barrels produced in captured refineries.

Speaking to the Carnegie Endowment for International Peace in Washington, DC, Thursday, Cohen said the group took in at least $20 million in ransom payments this year from kidnappings. He said IS gets several million dollars a month from wealthy donors, extortion rackets and other criminal activities, such as robbing banks.

UN Report Promotes Child Prostitution and Sexual Slavery

A report by the United Nations Development’s Program’s Global Commission on HIV and the Law, funded in part by a grant from George Soros’ Open Society Foundation, has a peculiar prescription for combating AIDS.  It calls on governments around the world to legalize prostitution, including child prostitution, and drug use.

World Congress of Families Managing Director Larry Jacobs observed: “This is insane.  The ‘reasoning,’ if it can even be called that, is that by criminalizing prostitution, governments promote the spread of AIDS. The report actually claims that women make a rational choice to sell their bodies, based on economic considerations, and should not be discouraged from doing so.  It also claims that age-of-consent laws violate the right of children to be similarly degraded and abused.”