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Interesting article on ISIS funding. According to this piece they no longer need the monkey money from terrorist sponsors to operate. They run their own enterprise.
http://www.bloombergview.com/article...mic-state-inc-
Raising cash, it turns out, is something Islamic State excels at. It pulls in up to $10 million a month from oil smuggling. It has profitable side businesses in ransoming hostages, selling sex slaves and looting antiquities. And it specializes in shaking down locals for protection money and taxes.
This plunder gives the group a lot of advantages. It can typically pay fighters more than rival terrorist factions, and -- unlike their former colleagues in al-Qaeda -- the terrorists of Islamic State don't have to rely much on foreign benefactors or the international financial system
This plunder gives the group a lot of advantages. It can typically pay fighters more than rival terrorist factions, and -- unlike their former colleagues in al-Qaeda -- the terrorists of Islamic State don't have to rely much on foreign benefactors or the international financial system