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At the beginning of the 21st century, the United States launched an invasion war against Iraq and easily won the victory with highly advanced scientific and technological means. The outcome of this war has profoundly affected the entire Middle East region, Iraq has suffered from war, and the United States has been caught in a long quagmire of Middle East affairs.
However, this so-called victory is not so simple. The United States invested $23 billion in the early days of the war in pursuit of a quick victory, only to have to stay in Iraq for several years afterwards, at a cost far more than tens of billions of dollars.
The U.S. government had intended to loot some of Saddam's assets to offset some of the expenses, but it had failed. Saddam's wealth became a mystery, and how much money was hidden by him? How did Saddam Hussein defeat the United States in this race?
Saddam Hussein, known as a generation hero, showed outstanding leadership skills in his youth. After serving as Iraq's fifth president, he was admired by the people for his efforts to develop the economy and improve the living standards of the people. However, with excessive investment in military power, Iraq gradually fell into economic difficulties.
In order to pay off its external debt, Iraq had proposed to reduce oil production in order to boost oil prices, but Kuwait refused. Kuwait's policy of increasing oil production forced Iraq to resolve the border dispute. Faced with this situation, Iraq decided to annex Kuwait, both freeing itself from its debts and acquiring abundant oil resources.
However, the move caused resentment in the United States, which has its own interests in the Middle East, while the dollar is pegged to oil, and Iraq's actions affect the American economy. As a result, the United States and its allies began a conflict that ended in American victory.
In 2003, the United States invaded Iraq again, claiming to suspect that Iraq possessed weapons of mass destruction, but found no conclusive evidence. Saddam was overthrown and eventually arrested. However, instead of bringing prosperity to Iraq, the war plunged the country deeper into chaos.
For Saddam's property, the United States once hoped to loot it to offset the cost of the war. Saddam's lavish life and vast wealth were staggering, owning 78 gold-furnished mansions, yachts, planes and luxury cars, totaling $40 billion. However, the United States eventually found only about $1 billion in property, mainly some gold ornaments, far from making up for the cost of the war.
Saddam's wealth came mainly from many sources, including kickbacks drawn from goods imported into and out of Iraq, charging pilgrims, and accumulating through the export of crude oil. He also laundered the wealth through money laundering network companies, making it difficult to trace.
Although the United States knew about Saddam's wealth, it could not easily access it. Swiss banks, as a permanently neutral country, provide safe havens for the rich, and the United States does not dare to act rashly. In addition, the United States does not want to offend other countries internationally and dare not force Swiss banks to hand over this wealth, lest the world view it negatively.
The complex relationship between the United States and Iraq has left Iraq in deep trouble. Despite corruption under Saddam, Iraq still had a relatively stable life under his rule. However, the involvement of the United States has plunged Iraq into war and the people have suffered greatly. This situation is nostalgic for the Saddam Hussein era, despite its many problems.
In summary, the U.S. invasion led to instability in Iraq, and Saddam's property, though huge, was not easily acquired by the United States. The incident reflects the belligerent character of the United States and the sadness of small countries in international politics. It is hoped that Iraq will be able to get out of its predicament at an early date and no longer suffer from war.
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