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Saddam and the Merchants of Death
by James Dunnigan
April 12, 2003

Despite their opposition to the removal of Saddam Hussein's government, France, Germany, Russia and China will be back in Iraq as soon as the shooting dies down. The reason is money. Even when Saddam had little more than a few billion dollars a year in oil for food money, these four countries were eager to make sales. And for good reason, Russia, France and China supplied most of Saddam's weapons (nearly $100 billion worth) between 1972 and 1990). Germany supplied huge quantities of industrial equipment, some of it essential to the production of nuclear, chemical and biological weapons. These nations have also sold Iraq lots of non-military material over the last three decades, most of it legally, some of it not. In the last year of Saddam's rule, each of these nations sold at least a billion dollars worth of goods and services to Iraq, plus snagging large contracts to upgrade and develop Iraqi oil facilities and untapped oil fields once the UN sanctions are lifted. Three of these nations (Russia, France and China) are still owed billions of dollars for weapons delivered, but not paid for. This explains two things. First, all four of these countries see Saddam as a good customer, and realize that if he his replaced, his successors will not be well disposed towards nations that supported Saddam. The reason for this has always been quite clear; Saddam was a brutal dictator and anyone who did business with him will be seen as supporting the mass murder and brutality. Not that these countries won't be able to do business with future Iraqi governments. They will probably have to pay larger bribes and offer better terms to overcome their questionable past. More painful will be attempts to collect on those debts for weapons. The amount of Iraq's debts are not known accurately, yet. But they are thought to total some $300 billion. About two thirds of this is for damages and reparations resulting from Iraq's invasion of Kuwait in 1990. Some $55 billion is loans from other Gulf nations (mainly Saudi Arabia and Kuwait), taken out by Iraq during the 1980s was with Iran (started when Iraq invaded Iran in 1980). The way these things work, when a nation changes governments and goes work out deals on paying off it debts, the debts for weapons are less likely to be paid off at all.. When Saddam was alive, the arms debts were somewhat more likely to be paid in full. Iraq will ultimately pay only a fraction of the money owed. But international banks will get closer to a hundred percent, while the Merchants of Death will get a lot less. To cap it all off, these four nations (and many others) accused the United States for going after Saddam "for the oil." The reasoning seems to be that if we are vile, scum sucking merchants of death, you must be as well. This is not always true.

 

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