Wealth Should Trickle Up, Not Down

[Overnight]

I am curious. Why do you consider returning Iran's money that we had impounded in exchange for Iran's agreeing to halt their fissionable material enrichment program as "radical."

Because it was a radical idea to think that by returning the money, they would not start their enrichment program again?

 

[tommcginnis]

Because it was a radical idea to think that by returning the money, they would not start their enrichment program again?

You do realize that that money was never on the books of the United States except as an inventory measure, right? And that absolutely $0 of U.S. dollars was EVER involved? NOT A CENT??? That our possession of someone else's wealth was custodial and for legal purposes, and not as rightful owners?? Could we get that part out of the way?
signed,
Your Worried Friends.

 

[Overnight]

You do realize that that money was never on the books of the United States except as an inventory measure, right? And that absolutely $0 of U.S. dollars was EVER involved? NOT A CENT??? That our possession of someone else's wealth was custodial and for legal purposes, and not as rightful owners?? Could we get that part out of the way?
signed,
Your Worried Friends.

Do you have a citation?

 

[piezoe]

Because it was a radical idea to think that by returning the money, they would not start their enrichment program again?

Well it turned out to not be radical at all in that sense, as Iran held to their side of the agreement. Of course it was always understood that eventually they might renew there enrichment program. And now of course that is a looming reality with our withdrawal from the agreement we signed. I think it was made rather clear that we were buying time with the hope that within a decade the prospects for peace in the Middle East would improve, trade with Iran would normalize, and the appeal of radical factions within Iran would wane. Iran held to their side of the agreement; the U.S. did not. The damage done by the Trump Administration to future Diplomatc relations and the U.S.'s reputation for dependable, fair dealing by our reneging on the Iran agreement is incalculable.

 

[Overnight]

Well it turned out to not be radical at all in that sense, as Iran held to their side of the agreement. Of course it was always understood that eventually they might renew there enrichment program. And now of course that is a looming reality with our withdrawal from the agreement we signed. I think it was made rather clear that we were buying time with the hope that within a decade the prospects for peace in the Middle East would improve, trade with Iran would normalize, and the appeal of radical factions within Iran would wane. Iran held to their side of the agreement; the U.S. did not. The damage done by the Trump Administration to future Diplomatc relations and the U.S.'s reputation for dependable, fair dealing by our reneging on the Iran agreement is incalculable.

I ain't worried, to be honest. We've gone through this twice during the last cold war. There will not be a third time, not now.

 

[SunTrader]

Someone sure has a hankering (first time I ever use that word in a sentence lol) for fiction - time and again.

 

[zdreg]

the world doesn't need 5-6 % a year Inflation anymore,

re: voodo economics
When was debasing the currency ever a good idea?

 

[SunTrader]

Trickle down is working .... on the Dow today.

Creating a "buying opportunity" LOL.

 

[ironchef]

re: voodo economics
When was debasing the currency ever a good idea?

It is a good idea:

We printed $4 trillions since 2008 and inflation went up < 2% a year, great, Trump said, let's print $4 trillions more to keep inflation stable at < 2%.

And if China keeps devaluing their currency, we would be hard pressed to keep inflation at 2%, we would be worrying about deflation, pretty soon they will be shipping free products to us.