"Two Nokia phones, $150 each, two HP printers, $300 each, plus shipping, transportation and other miscellaneous expenses add up to a total bill of $4,200. That is all what Operation Hemorrhage cost us… On the other hand this supposedly 'foiled plot', as some of our enemies would like to call [it], will without a doubt cost America and other Western countries billions of dollars in new security measures."
Thus begins the lead article in the latest issue of Inspire, the English-language online magazine produced by al Qaeda in the Arabian Peninsula (AQAP), the jihadi group's Yemen branch, which was released Saturday. The cover features a photo of a UPS plane and the striking headline: "$4,200." It is referring to the recent cartridge-bomb plot, and specifically the great disparity between the cost of executing a terrorist attack and the cost to Western countries of defending against asymmetric warfare -- costs now numbering in the billions of dollars a year and climbing. The magazine warns that future attacks will be "smaller, but more frequent" -- an approach that "some may refer to as the strategy of a thousand cuts."
The slick packaging may be new, but al Qaeda's emphasis on bleeding the U.S. economy is not. From Osama bin Laden's earliest declaration of war against America, al Qaeda has linked its attacks to the U.S. economy. He and other salafi jihadi thinkers had long believed that economic power was the key to America's military might; they thus saw weakening Western economies as their path to victory. When bin Laden declared war against the "Jews and crusaders" in 1996, he emphasized that the mujahideen's strikes should be coupled with an economic boycott by Saudi women. Otherwise, the Muslims would be sending money to the enemy, "which is the foundation of wars and armies."
In October 2001, just after he put this strategy to work by striking the World Trade Center and the Pentagon, bin Laden spoke with Al Jazeera journalist Taysir Allouni (who is now imprisoned in Spain, following his controversial conviction for cooperating with al Qaeda). The terrorist leader emphasized the costs that the attacks imposed on the United States. "According to their own admissions, the share of the losses on the Wall Street market reached 16 percent," he said. "The gross amount that is traded in that market reaches $4 trillion. So if we multiply 16 percent with $4 trillion to find out the loss that affected the stocks, it reaches $640 billion of losses." He told Allouni that the economic effect was even greater due to building and construction losses and missed work, so that the damage inflicted was "no less than $1 trillion by the lowest estimate."
In his October 2004 address to the American people, bin Laden noted that the 9/11 attacks cost al Qaeda only a fraction of the damage inflicted upon the United States. "Al Qaeda spent $500,000 on the event," he said, "while America in the incident and its aftermath lost -- according to the lowest estimates -- more than $500 billion, meaning that every dollar of al Qaeda defeated a million dollars."