What Happened To All The Haiti Money?

Roughly half a billion dollars was collected by the various relief agencies following the disaster in Haiti, enough to give over $30,000 to each and every Haitian family. Yet almost no money has actually made it there, even after all this time. The Red Cross (also accused of misappropriating funds collected for 9/11) and The Catholic Relief Fund are each holding over $100,000,000.00 which they claim will be spent at some point in the future on "long term" projects, while Hatian families are still starving and homeless. What a load! I say spend the money now (on Haiti, not huge bonuses for your paid employees) or give it back. We donated money for immediate emergency relief, not so scam artists could line their bank accounts and pockets.It's estimated that in total around $400,000,000.00 was donated for emergency relief for Haiti that has not been used at all,even at this late date. The interest alone on that money is staggering. Audit the "relief" agencies and jail the con-artist criminals that operate under the guise of humanitarians.

You had a Bush and a Clinton in charge of raising funds and you wonder where the money went.
Bwaaaahaaahaa.

reply to post by abe froman


This is actually a research-worthy subject.
We should find out where exactly the money is going and what time-frame it's given.
Of course, that's not big news.
But, I bet a few of us could do a little diggin' and find more dirt.

When in reality, it should be!
Good thread and great subject.

reply to post by havok
ATS is full of great researchers and I welcome anyone's help and attention to this subject. This has certainly gone on long enough. Can you imagine the Hatian economic boom if they actually got this money? Might start a worldwide economic surge as the money is spent. Money not moving is economic stagnation.

a lot of people sittin on their money these days eh? well don't know for sure, just something I heard. Yes all the planets seem to be lining up indeed.

Ah yes the $500m Haitian fund.

"Well you see we had administration costs of $499m...but we have spent $1m on tents!!"



Cosmic...

reply to post by abe froman


From the Clinton-Bush Haiti Fund web site:

To date, the Clinton Bush Haiti Fund has raised over $50 million from over 230,000 individuals and organizations, and has disbursed more than $4 million in grants to organizations on the ground in Haiti providing near-term relief and recovery assistance.

After this paragraph, they also attempt to explain why only $4M of the $50M has been spent to date, but it sounds like, "blah blah blah blah" to me. Here's an excerpt:

CBHF has now shifted to the second phase of support with a focus more toward longer-term reconstruction assistance to help Haiti's economy recover, grow, and thrive in a way that is sustainable and viable for many generations to come. Money raised through CBHF will be invested to promote a vibrant, inclusive, environmentally conscious, decentralized, more formal and more competitive economy...

Right. OK, then.

reply to post by Cosmic4life
Of the very little money that was spent, I wonder how much of it was spent on Bibles.

reply to post by graceunderpressure
OK we know where 4million went,now we just have to track down the other $496,000,000.00.

Well I gave a shot at researching this 'fund'...
Here goes:

Bill Gates offers $10m fund for mobile banking in Haiti

June, 2010

The $10m fund will be divided among companies that build successful mobile banking in Haiti. The first one to launch a service which meets certain targets in the next six months will get $2.5m, and a second firm will receive $1.5m.

Mobile Banking?

"When people have to go into town to get money they tend to spend it there because it is not safe to carry it in wallets.
"Paying people locally means that they spend locally, which has a knock-on effect on the local economy," he said.
Since 2006, the Financial Services for the Poor initiative has spent $500m on similar schemes.

Besides jobs, how does this help the people? Seriously.
Notice the italics.
The word 'scheme'.
Source BBC News June, 9th 2010
That's $10M. Check.
So what's this "Financial Services for the Poor" initiative?
Let's see...it's a Gates company.
Gates Foundation
And that's just from Mr. Microsoft. Good stuff.

Here's a list from CNN on who gets the money.
What will your Haiti relief donation go toward? Cnn.com
I'm not linking every company but there's about 20-30.
There's alot of companies taking donations.

Here's a blog from Reuters.

What’s more, charities raising money for Haiti right now are going to have to earmark that money to be spent in Haiti and in Haiti only. For a Haiti-specific charity like Yeles, that’s not an option. But as The Smoking Gun shows, Yele is not the soundest of charitable institutions: it has managed only one tax filing in its 12-year existence, and it has a suspicious habit of spending hundreds of thousands of dollars on paying either Wyclef Jean personally or paying companies where he’s a controlling shareholder, or paying his recording-studio expenses. If you want to be certain that your donation will be well spent, you might be a bit worried that, for instance, Yele is going to be receiving 20% of the proceeds of the telethon.

Reuters Source
Yele.org

Hmm...just 20%?
There's a clue. Here's more.

The last time there was a disaster on this scale was the Asian tsunami, five years ago. And for all its best efforts, the Red Cross has still only spent 83% of its $3.21 billion tsunami budget — which means that it has over half a billion dollars left to spend. Not to put too fine a point on it, but that’s money which could be spent in Haiti, if it weren’t for the fact that it was earmarked.

EARMARKED?
So what Reuters is saying:
Basically the Red Cross is sitting on alot of money.
My hunch is that alot of companies are copying that gold dog.
Sitting on the money. Really.
Why is that?
Well here's an article from 2005 about the Red Cross.

ccording to Richard M. Walden (president and CEO of Operation USA), it is estimated that 70% of the $1.2 Billion donated to Katrina-related donations went to the Red Cross, yet the Red Cross is fully reimbursed by the government for any shelters or emergency services they provide. Repeatedly, the Red Cross has run into trouble for spending much less on disaster recovery than they collect, shuffling the extra funds into their “national disaster account,” where it can be used for purposes other than that it was collected for. That’s the sort of trouble they saw in the aftermath of the 1989 San Francisco Bay Area earthquake, and after 9/11.

Source

Bunch of sissies.
That's 70% of Katrina and 80% of the tsunami.
Less 50% of both combined are missing at some period of time.
I wonder if their numbers are acurate at tax time?
Oh wait...some organizations don't pay tax?
Maybe we should audit them.


I haven't found out how much money the Red Cross got for Haiti.
So...I'm still lurking.

Its in the politicians pockets along with all their other ill-gotten gains...

Has anyone thought of an alternative? Maybe, just maybe, it's not what it seems. Earthquake hits Haiti hard, troops and general were already 'on the ground'. No aftershocks. Complete devastation. Michelle Obama, Mr Clinton,and Mr Bush get on TV to ask for donations. American's shell out almost 80mil. Mr Obama donates his peace prize money. Many months pass, but Haitians are still destitute.
It's a terrible thought when other lives are involved, but could it be possible that it wasn't the natural disaster we all thought it to be, that possibly it was planned and the gov't isn't always truthful with us?
One of the key words in all that well done research is "sustainable".
Sustainable and unsustainable development are the keystones to the redistribution of wealth, which is of course, the plan to create balance in the wealth of underdeveloped nations, Haiti being one of the poorest nations on earth, is on the UN list to be redeveloped. What better way to funnel $$$ to a floundering country. Through your sympathy.

reply to post by BetsnRoses


What happened in Haiti was staged, and TPTB (bankers, corporatists, oil companies, mining giants, IMF ) under the plan of disaster capitalism. Haiti owed the US $1.5B before the quake, but last I read, the debt still stands. It is also known that Haiti is sitting on vast oil reserves. Coincedence? All that charity money is crammed into a pool that Bush and Clinton can swim in. The public bought into the lie, and now they're paying for it. The funds will be sent to Haiti to rebuild, and the corporate giants/banks will swoop in and grab that money to develop their foothold for free. But the Haitians will be forced to repay the 'loan'.

I don't know if I'd go so far as to say the Haitian earthquake was staged, but still, I always say follow the money.

reply to post by abe froman
Same thing that always happens to money.......

Someone was just watching this time....

Like that matters to the guys who boogied off with the mula.....

Just saw Daily show from 30th and it pointed out that the US government money of 1 billion is halted completely because one senator is worried that 5million might be lost to byrocrazy. 9 months after the fact.

reply to post by chiponbothshoulders
Who boogied off with the money though? Can't we track it down somehow?

reply to post by PsykoOps


So whose Pocket does all the interest money go into while the money is held up in congress?

reply to post by abe froman


bush and clinton blew it all on coc aine and oral sex.

reply to post by abe froman


Yes,

That money should be tracked.

Who is responsible for tracking lost donations?

I firmly believe that Save the Children is an honest charity, and I suggest you ask them about whom you should contact.