To say that history repeats itself is a given. And stupidity is doing the same thing every time and expecting a different result.
There is no room for a wimp when it comes to geopolitics when the stakes are nuclear and the President of Iran is a Holocaust denier, calling for the annihilation of Israel. And by ‘wimp’ I mean the United Nations, pacifists, and heads of state that don’t know when negotiations end and plan B begins.
Where Iraq is concerned, what was it, 8 years delay and 16 UN resolutions later before action was finally taken? Saddam had his nuclear bluff called and it cost him his life. But for all those years, before and after he kicked the UN inspectors out, Saddam bought time. Enough time to scatter what nuclear capability he had. Essentially, he played the UN, the United States, and the world community like a piano. While Iranian President Mahmoud Ahmadinijad, and North Korea’s Kim Jong-il took notes.
With Iran, history is repeating itself. And Ahmadinijad is playing the UN, the United States, and other world leaders like a piano.The UN inspectors have already been kicked out. And more time is all that Iran needs to produce a bomb to threaten its neighbors with.
Here’s some history and who said ‘time is running out for Iran,’ and when.
The United States is willing to give European Union negotiator Javier Solana a bit more time to pursue negotiations with Iran on its nuclear program before pushing for U.N. Security Council sanctions, but Iran’s time is running out, according to Secretary of State Condoleezza Rice. It is important in keeping a coalition together to — if people want to explore something that doesn’t move you very far off course — to go ahead and explore it, Rice tells journalists.
Predicting that sanctions will ultimately fail to stop Teheran’s nuclear program, Brig.-Gen. (res.) Yossi Kuperwasser, former head of Military Intelligence’s Research Division, told The Jerusalem Post on Monday that time to launch an effective military strike against Iran’s nuclear installations was running out. According to Kuperwasser, who stepped down from his post last year, Iran is “very close” to the point that it will cross the technological threshold and have the capability to enrich uranium at an industrial level. Once they master the technology, the Iranians will have the ability to manufacture a nuclear device within two to three years, he added.
“We have to continue to maintain urgency and our previous discussions, confirming the need for a dual-track approach, are still the right approach to take. We will begin to discuss and prepare for these other pathways,” Obama said.
Unfortunately, the only country with the clarity to know when negotiations end is the one with the most to lose, Israel. And where Israel is concerned, if you need to defend yourself, do it.
Here’s a fine example of how the Obama administration, under the Justice Department, is neutering Military Commission trials for terrorists.
Today, prosecutors in the Office of Military Commissions announced they intend to ask the convening authority to refer new charges under the recently-enacted Military Commissions Act of 2009 against Ahmed Mohammed Ahmed Haza al Darbi, in connection with his alleged involvement in an al Qaeda conspiracy to attack military and commercial shipping in the Port of Aden and the Strait of Hormuz.
This announcement follows the attorney general’s determination on Nov. 13, 2009, that a military commission was the appropriate forum for prosecution of al Darbi.
The prosecutors are reviewing this and other cases identified by the attorney general as appropriate for trial in a military commission and anticipate making further announcements soon.
As part of the process of moving forward with the prosecution of al Darbi, on Nov. 25, 2009, in response to a request from the prosecutors, the convening authority withdrew and dismissed without prejudice the pending charges against al Darbi. Dismissal without prejudice is a procedural action that permits new charges to be referred at a later time.
A charge is merely an accusation; an accused is presumed innocent until proven guilty.
He sees America as another pleasant country on the U.N. roll call, somewhere between Albania and Zimbabwe
He’s in love with the man in the mirror
At the risk of being redundant, here’s number 8. He’s an empty suit as a President.
Joined at the hip with his teleprompter, forever reciting the bumper sticker slogans that are measured so as to not offend his wacko Left base, the man has no principles that guide him, beyond trying to fool all of the people all of the time. Well, no principles that he cares to admit to like being anti-military, anti-American exceptionalism, anti free-market capitalism, and pro ‘social justice’ as in ‘from each according to his ability, to each according to his need.’ Karl Marx and Saul Alinsky’s principles are too much ‘Rev. Wright’ for the American people to swallow.
But not to worry. The alternative media will fill the void.
There are only two States in the United States that are not operating in a deficit, if not technically bankrupt. Montana because of their rich oil resources, and North Dakota, because of their implementation of a State Bank, the Bank of North Dakota.
Because most people are not economists and may well just fall asleep trying to read up on it, you can learn in this post and in one podcast all you need to know to understand why and how part of Dr. Farid A. Khavari’s platform as Governor of the State of Florida, the Bank of the State of Florida (BSF), will work.
How Floridians can have 2% fixed rate 15 year mortgages and how the State of Florida can make billions by providing them
A cornerstone of the economic plan is to create a Bank of the State of Florida. We will put the power of modern banking to work for the people of Florida, not for Wall Street.
Over the years, interest has been the biggest cost most families had. When you pay interest to the bank, that means less money for your family. Reducing interest costs can save a family hundreds of thousands of dollars.
Let’s take a $100,000 mortgage, for example. With a 30-year fixed rate 5.5% mortgage, your monthly payment is $567.79 and you will pay $104,404.40 in interest on that loan.
With a 2% fixed rate 15-year mortgage, your payment would be $643.51, the total interest would be only $15,831.80 – and the mortgage would be paid 15 years sooner! You save 88,572.60 in interest. If you then make 15 years of payments to yourself with 5% interest from the Bank of the State of Florida, you will have more than $160,000 after taxes in your account—just by having your mortgage from the Bank of the State of Florida.
How can we do this? It’s called “fractional reserve banking” and this is how all the banks do it. If you have $100 in reserves, you can loan out $900 or more. That means you collect interest on $900 but you pay interest on only $100 at most. If the bank pays you 2% for your CD and lends it at 5% on 9 times as much money, you can see this is a really good deal – for the bank.
Now our Bank of the State of Florida does not need to be greedy. It is not going to get involved in shenanigans like bundling and selling mortgages, taking out weird insurance policies and general practices that have caused the mess we are in today. When we make a mortgage, that asset remains right on our books and the paperwork is right there on file. We are going to pay good dividends and the highest rates in the market for long term deposits. We are going to loan out 9 times our reserves. And we are going to make billions of dollars for the State Treasury while we save Floridians a trillion dollars—and that trillion dollars becomes many trillions in Florida’s economy.
Let’s say we pay 5% for our $100 and loan out our $900 at 2%. We pay out $5 in interest, and we take in $18 in interest. Can we make money at that? You bet we can.
We could make the $3.6 billion we are short this year on just a couple of million 2% mortgages. We can do even better on 3 – 4% commercial financing and vehicle loans.
And all the money the bank earns goes directly into the State Treasury, to work for Floridians, not to Wall Street.
Where do we get the reserves? The State of Florida has billions invested with Wall Street. 5 or 6% guaranteed looks pretty good these days compared to a 50% decline in the stock market. Look at what long-term bonds are paying, look at CD’s—we will have no problem attracting all the long-term deposits we need to get started, simply by paying good rates.
Now look what happens. With a 2% fixed rate 15-year loan, the buyer has paid off over 11% of the principal within 2 years. That means we have more than enough reserves to make a new mortgage for someone else, without having to pay interest for the reserves! (In comparison, a 5.5% 30-year loan takes 7 years to pay 11% of the principal).
Now some people might think that low interest rates will just raise the price of homes. That would be true if the 2% loan was for 30 years. But the payment on the 2% loan for 15 years is a little bit higher than the payment for 5.5% 30 years, so this tends to hold prices down. It also tends to eliminate speculation that messes up the market every time. As long as prices are stable, we can offer mortgages with low down payments, so home ownership can be as easy as paying rent.
What the Bank of the State of Florida does is transfer hundreds of billions of dollars away from Wall Street directly into the pockets of Floridians by reducing interest costs… and it puts hundreds of billions into the State Treasury, too. We will have stable, fair prices for homes and take 15 years of slavery out of the process of owning a home.
Consumer financing is another area where Wall Street and the big banks are costing us way too much. Banks charge huge interest on credit cards, for example, where the cost of money to the bank is really zero. If a family has $10,000 in credit card debt at 25% interest, that’s over $200 per month in interest alone. At 6%, the monthly interest is only $50. This family could reduce monthly payments by $50 and pay off the debt years sooner. The State earns billions of dollars per year while saving Floridians billions and billions more.
The Bank of the State of Florida will earn billions of dollars per year for the taxpayers of Florida, not Wall Street fat cats. At the same time it will reduce interest costs and save Florida families hundreds of thousands of dollars per family. Who needs that money more? You or Citibank?
The Bank of the State of Florida can handle checking accounts and ATM’s too. The other banks will have to become competitive, and there is no reason why they cannot.
Couldn’t the federal government do the same thing? Actually, the federal government could do even better and they could do it immediately at huge benefit to the U.S. Treasury. Do you think we should wait around for them to do it? We can have this program in effect in Florida within a year, at no cost to the State.