Friday, January 10, 2020

Talk About Liars


President Trump has been called a congenital liar. This claim seems to be raw politics since anybody listening to the Orangeman understands that he is fill of bluster ... but not a “keep your doctor” liar. So this blog post will try to determine how truthful Trump is when he says that Obama gave Iran $150 billion to sign the nuclear deal ... plus $1.8 billion in hard cash on pallets flown into Tehran in the dead of night.

Let’s get started by listening to Obama’s then Secretary of State John Kerry’s obfuscating take on this issue: John Kerry Bloviating. Wow! Nothing to see here folks ... everything was above board!

However, notice in that video that Kerry never specifically denied the $150 billion number. Rather he said that this agreement was saving the U.S. taxpayers money because we would not be paying all the accumulating interest on the assets we had frozen around the world ... $12 billion of which was frozen in 1979 after Iran had seized our embassy in Tehran and held our diplomats hostage for 444 days. Forty years of compound interest grows this $12 billion into quite a tidy sum ... plus other asset we froze around the world as a result of sanctions the Bush White House had placed on Iran because of its terrorist activities and nuclear ambitions. Bottom line: this $150 billion number appears close to being correct ... see: Truth to Fiction. AND any accumulated interest on the $12 billion should go to the American people for the embassy insult ... not paid by them!

Kerry makes another weasel claim in this video, OK it was a big number but Iran owed lots of countries lots of money, so they really only got part of this money. (The above hyperlink claims it was about $56 billion.) Hold on pilgrim ... if I have a mortgage on my house of $100K and $30k on a car loan ... and I win $200K in the lottery, does the state (ignoring tax implications) only give me $70K? Of course not! Kerry’s assertion is full of excrement.

And insofar as Obama handing Iran $1.8 billion in various cash currencies as ransom in exchange for American hostages, read the following: Fortune Magazine Article.

Now, kind reader, who is the liar after all?

Afterward: not on the money topic but important to ask about the Iran nuclear deal ... for what reason other than producing atomic bombs was (and is) Iran enriching uranium? This would be equivalent to our believing that Xi is building aircraft carriers to transport soybeans back to China.

2 comments:

  1. Saudi Arabia wants to enrich uranium for peaceful purposes. They won't build weapons-grade unless Iran does... so the Saudis won't sign an agreement with those who would build their uranium facilities that would be only for peaceful use. Maybe Donald should just sell MBS a few nuclear warheads. What could go wrong?

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  2. Mortgage Backed Securities

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