How Does The Islamic State Fund Itself

STRINGER/IRAQ/REUTERS

How ISIS Funds Its Reign Of Terror -- New York Daily News

Plain and simple, it's a criminal gang.

It is no wonder that the terrorist group ISIS is now calling itself the “Islamic State.” The group has fashioned a small army out of a mix of foreign and local fighters, established oil refining and trafficking operations, and even collects taxes.

Despite longstanding rumors that ISIS has foreign patrons in Gulf States such as Saudi Arabia, Kuwait and Qatar, there is precious little evidence that it ever depended on foreign largess. The group mostly brought in its own local funding even when it was down-and-out and in hiding after the U.S. troop surge of 2007 to 2009.

While there may be some foreign money flowing in to ISIS, stopping these transnational flows will not stymie the group. Whatever its international influences, ISIS raises most of its money from the territories it feeds off of, making the problem of beating back the group exceedingly difficult

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My Comment: Money has always been the Achilles heel for organization like Al Qaeda .... and now the Islamic State. Cut-off their funds .... and with time they will whither and die.