Economist & researcher at the London School of Economics, author of Terror Inc,. Tracing the Money behind Global Terrorism and Rogue Economics: Capitalism’s New Reality.

“The war on terror has not prevented terrorism at all.”

“Money laundering was made in dollars and therefore contributed to the strength of this currency. After The PATRIOT Act, which threatens to freeze the assets of any bank not reporting suspicious transactions in dollars, the Euro has become the favorite currency for money laundering and stronger than dollar.”

“Muslim investors fearing persecution in the United States took their money else.”

“Islamic banking is the fastest growing sector in finance markets”

“Terrorism financing is now much cheaper than it was in the past”

“The US spends $4 billion every month for its war in Iraq and almost $1 billion every month for its war in Afghanistan. Europe spends millions of euros every year on security. Compare that to the mere thousands devoted to terrorist attacks. The terrorists responsible for the 2004 Madrid train bombings received no official training. Three of the four terrorists behind the London Underground attack were unemployed. Their attack had a very low budget.”