Reply #45: It's you who's missing the point, sorry. [View All]

[moodforaday]

If the money is being embezzled, moved to overseas shell accounts, then the money is NOT HELPING fight the crisis. The money is not going where it should be. It's not filling the liquidity hole.

It's like when you send food supplies to a draught-stricken country, but all (or almot all) of the food is seized by the local dictator's thugs and sold on the black market. No matter how much food you drop, you're not helping the hungry population, you're only helping fill the coffers of the elite who are responsible for the crisis in the first place.

Once again: if there is no transparent accounting, you can be certain that much/most of the money is not used the way it was intended. If it were, there would be no problem with keeping it transparent.