Thursday, November 13, 2008

The Cuba Embargo: a highly lucrative business for the U.S. government

Everybody and their sisters know that in hyper-capitalist USA everything is a business.

The first commandment of the capitalist religion/cult is “Thou shall make money by any means necessary.”

This type of mentality makes it possible for all kind of frauds and scams to proliferate in the North American continent.

The Cuba embargo is a case in point. It is a highly profitable business for the Bush thugs at the “Office of Foreign Assets Control” or OFAC. It is an arm of the Treasury Department of the U.S. government.

They have been raking in money and profits at an unprecedented rate level. It puts Wall Street’s famous securitized mortgages to shame.

Here are some examples of the Federal loot:

Myers Industries, one of the largest manufacturers of plastic, rubber and metal products for industry, has agreed to pay a fine of $16,250, according to OFAC’s most recent report, the first of the 2009 fiscal year that began in October.

The firm –based in Akron, Ohio – voluntarily reported the case to the OFAC and admitted that in 2004, one of its foreign subsidiaries sold products to Cuba or to persons related to the island without the necessary license.

Another firm, Priceline.com - an online flight and hotel reservations company – paid $12,250 in fines, while the Intercultural Studies Center in Amherst, Massachusetts handed over $15,000.

Last year, another Internet travel agency, Trevolicity, paid one of the highest fines ever ($182,750) for violating the blockade, while this year Spirit Airlines had to part with $100,000.

It is estimated that during the 2008 fiscal year, the fines imposed by OFAC for infringing the laws of the economic war waged on the Caribbean nation by the U.S. for almost 50 years were in excess of $2 million.

Source: Granma

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