ISIS is going broke

The Islamic State group is hemorrhaging money with every piece of territory it loses, according to a new analysis that found that the group’s “business model” is on the path to failure.

The analysis released Saturday by the International Centre for the Study of Radicalisation and Political Violence and the accounting firm EY found that the self-proclaimed caliphate’s financial resources have been drained substantially since the days beginning in mid-2014 when it captured banks, oil wells and entire warehouses of weapons as it amassed land.

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  • mauser 98
  • canminuteman

    It would go broke eventuallty even if they weren’t losing territory. They create nothing and destroy everything. That is not a model for financial success. Although I a sure that there are western governments who could be convinced to give them Danegeld.

  • FactsWillOut

    ISIS is going broke, but the debt-riddled west isn’t.
    I’m still willing to bet that ISIS finances are in better shape than ours, esp. as they can count on Saudi, Qatari, etc money.

    • KillerMarmot

      The difference is that the west can borrow money and ISIS can’t. When ISIS revenues fall, its expenditures must immediately follow suit.

      • FactsWillOut

        ISIS can borrow money from Saudis, Qataris, etc.

        Heck, they get grants that don’t need to be repaid, or are interest-free, or are you unfamiliar with Sharia financing?

        • KillerMarmot

          Borrow? ISIS gets financial support from people, but I doubt many think a loan would get paid back. How exactly would you collect?

  • Hard Little Machine

    George Soros to the rescue!

  • KillerMarmot

    That’s modern warfare. Attack your enemy from every angle imaginable, including — or especially — financial.

    • FactsWillOut

      No, that’s warfare the way it was always done.
      And, as it’s from the MSM, it’s also just BS propaganda.

  • J. C.

    Could’ve stopped these asshats in their tracks years ago, but nooo! Let’s just stand back and watch them kill tens of thousands of people, destroy billions in infrastructure, and put our own civilization at risk because they’ll eventually run out of money… Great plan!

    *facepalm*

    • Liberal Progressive

      But Obama said they were only a Junior Varsity team!

  • John Boy

    Theirs was a foolish strategy.

    If they had followed the fakestanians strategy of mostly killing Jews, they could have gotten billions in funding out of the European countries as impoverished disadvantaged Arabs.

  • UCSPanther

    ISIS is a serpent eating its own tail…

  • Spatchcocked

    It’s OK…..they won’t be needing any money where they are going.

  • Watchman

    ISIS accountant: “What do you mean, ‘The Yazidi girls are all dead, as ordered’? When said we’d have to liquidate the sex slaves to pay the local ISIS debts, I meant that we would sell them as ‘sex slaves, slightly used’, not kill them you idiots!”

  • Gary

    They have CUPE, teachers Pension and Justin that will give them money.