Trump’s Three Conditions for Fixing the Iran Deal Are Now Imperative

Pictured: Two images from Iran’s secret nuclear archive, as presented publicly by Israeli Prime Minister Netanyahu on April 30, 2018. In possibly the greatest coup in the history of espionage, Israel’s Mossad acquired over 100,000 documents from the archive of Iran’s program to create nuclear weapons. (Photo by Israel GPO)

 

  • What the assorted apologists for the Iran nuclear deal have failed to grasp is a simple distinction: the difference between suspicions and confirmation. The IAEA based its assessments on “over a thousand pages” of documents; now we have a hundred thousand.
  • Moreover, these are in effect a hundred thousand signed confessions of the Iranian regime that it intended to create nuclear weapons and load them on missiles manufactured by itself. The miniature minds of the apologists are simply incapable of grasping the historic magnitude of the Mossad’s discovery.

The picture of Israeli Prime Minister Benjamin Netanyahu standing before two displays, one of file folders and one of compact discs, symbolizes possibly the greatest coup in the history of espionage: the Mossad’s acquisition of the archive of Iran’s program to create nuclear weapons. A runner up for that title might be the advance information about Operation Overlord, the Allied landing in France at the end of World War II, supplied by Elyesa Bazna from Ankara and Paul Fidrmuc from Lisbon. Continue reading

A Chinese Gold Standard?

LONDON — While the 70th anniversary of D-Day last month received a lot of attention, another event, in July 1944 — the Bretton Woods conference, named for the mountain resort in New Hampshire where it was held — was perhaps even more significant in shaping the modern world. It not only led to the creation of what are now the International Monetary Fund and the World Bank, but it also confirmed the central position of the United States dollar in the international monetary system.

Why does this matter for us now? Just as America displaced Britain as the world’s pre-eminent economic power in the interwar period, so, too, the large debts and fiscal pressures confronting the West, and the rise of China and other economic powers, challenge us to think about the future of finance.

For most of the 19th century the British pound had been the world’s “reserve currency,” the currency in which trade and finance were denominated. “As sound as a pound” became a widely used expression. The pound was pegged to gold at a fixed rate of just under £4 per ounce. Continue reading

Why Russia Needs Eastern Europe — And why Eastern Europe needs to be rid of Russia

(Click to enlarge) Russia’s border with Europe is the bloodiest place in the world.

 

Russia’s border with Europe is the bloodiest place in the world. Caught between the major powers of the West and the might of Russia, the region has seen some of the worst conflicts in history.

During World War II, roughly 17 million soldiers lost their lives in battles on the Eastern front. By way of comparison, in the West, fewer than four million soldiers died—including D-Day, the Battle of the Bulge and all the other battles we hear about more often. And these figures don’t include the huge number of civilians who lost their lives in the Battle of Stalingrad or the Siege of Leningrad, and other horrific clashes.

The numbers for World War i are also appalling; rough estimates indicate that 5 million soldiers lost their lives fighting on the Eastern front.

Conflicts between Europe and Russia are bloody and frequent. This history gives the context necessary to appreciate what is happening in Ukraine, and how Europe will react.

Continue reading