Archive | April 14, 2015

One Country that does not Cheat: Netanyahu said He fears Iran will Honour Nuclear Deal*

One Country that does not Cheat: Netanyahu said He fears Iran will Honour Nuclear Deal*

By Barak Ravid

Netanyahu said at a recent meeting of the security cabinet that if a comprehensive nuclear agreement between Iran and the six world powers is indeed signed by the June 30 deadline, the greatest concern is that Tehran will fully implement it without violations, two senior Israeli officials said.

The meeting of the security cabinet was called on short notice on April 3, a few hours before the Passover seder. The evening before, Iran and the six powers had announced at Lausanne, Switzerland that they had reached a framework agreement on Iran’s nuclear program and that negotiations over a comprehensive agreement would continue until June 30.

The security cabinet meeting was called after a harsh phone call between Netanyahu and U.S. President Barack Obama over the agreement with Tehran.

The two senior Israeli officials, who are familiar with the details of the meeting but asked to remain anonymous, said a good deal of the three-hour meeting was spent on ministers “letting off steam” over the nuclear deal and the way that the U.S. conducted itself in the negotiations with Iran.

According to the two senior officials, Netanyahu said during the meeting that he feared that the

“Iranians will keep to every letter in the agreement if indeed one is signed at the end of June.”

One official said:

“Netanyahu said at the meeting that it would be impossible to catch the Iranians cheating simply because they will not break the agreement.”

Netanyahu also told the ministers that in 10 to 15 years, when the main clauses of the agreement expire, most of the sanctions will be lifted and the Iranians will show that they met all their obligations. They will then receive a “kashrut certificate” from the international community, which will see Iran as a “normal” country from which there is nothing to fear.

Under such circumstances, the prime minister said, it will be very difficult if not impossible to persuade the world powers to keep up their monitoring of Iran’s nuclear program, not to mention imposing new sanctions if concerns arise that Iran has gone back to developing a secret nuclear program for military purposes.

It was decided during the security cabinet meeting to try to persuade the Obama administration to improve the agreement. However, Netanyahu and most of the ministers agreed that the only way to stop the agreement, even if it was unlikely to succeed, was through Congress. Thus, a good deal of Israeli efforts will focus on convincing members of Congress to vote for the Iran Nuclear Review Act, proposed by the Republican chairman of the Senate Foreign Relations Committee, Senator Bob Corker, that could delay implementation of a deal if one is reached.

Corker’s bill calls for a 60-day delay in implementing any signed nuclear deal, during which time Congress would scrutinize all the agreement’s details. The bill requires senior administration officials to provide Congress with detailed reports on the deal as well as attend Congressional hearings on the subject. Corker’s bill also states that American sanctions that were imposed by law would only be lifted if within the 60 days allotted for scrutiny of the agreement, the Senate Foreign Relations Committee and the House Committee on Foreign Affairs declared their support for the pact.

The Senate Foreign Relations Committee is to meet Tuesday for its first vote on the Corker bill, after which it will be voted on by the entire Senate. The White House is opposed to the bill and is threatening to veto it. At this point, in addition to all 54 Republican senators, nine Democratic senators have also expressed their support for the bill, leaving it four Democratic senators short, so far, of the 67-vote majority that would make the bill veto-proof.

The pro-Israeli lobby AIPAC, which coordinates its activities with the Israeli embassy in Washington and the prime minister’s bureau in Jerusalem, has begun over the past few days to exert pressure on Democratic senators – both publicly and privately – to get them to vote for the Corker bill.

AIPAC also claimed over the weekend on its official Twitter account that the framework of the current agreement would make it possible for Iran to become a threshold nuclear state within 15 years and therefore pressure should be brought to bear on Congress to vote for the Corker bill.

Netanyahu and Israel’s ambassador to Washington, Ron Dermer, want to see changes inserted in the bill that will make it more binding, and even turn it into one that prevents an agreement with Tehran rather than delaying it.

One change Netanyahu is seeking is a new clause that the deal with Iran be considered a treaty; an international treaty signed by the United States must be approved by a two-thirds majority in the Senate.

The Republican senator from Wisconsin, Ron Johnson, reportedly intends to demand at Tuesday’s meeting of the Senate Foreign Relations Committee that this clause be added to the bill.

Meanwhile, Florida Senator Marco Rubio, considered one of the Republican Party’s potential candidates for the 2016 presidential campaign, wants to see an amendment to the bill adopting Netanyahu’s demand that Iranian recognition of Israel’s right to exist be part of any comprehensive agreement signed at the end of June.

However, if the Senate Foreign Relations Committee votes in favor of one or both of these amendments in its meeting Tuesday, it could lead Democratic senators, who had already agreed to support the original deal with Iran, to change their minds.

Source*

Related Topics:

Iran, P5+1 Joint Statement Calling For Removal of All Anti-Iran Sanctions*

Five Easy Steps towards Israeli Presidency*

Four Million Muslims Killed and Counting since 1990*

Four Million Muslims Killed and Counting since 1990*

One has to bear in mind that all of the countries referred to have had communities from all the Abrahamic faith for generations…

By Nafeez Mosaddeq Ahmed

Last month, the Washington DC-based Physicians for Social Responsibility (PRS) released a landmark study concluding that the death toll from 10 years of the “War on Terror” since the 9/11 attacks is at least 1.3 million, and could be as high as 2 million.

The 97-page report by the Nobel Peace Prize-winning doctors’ group is the first to tally up the total number of civilian casualties from US-led counter-terrorism interventions in Iraq, Afghanistan and Pakistan.

The PSR report is authored by an interdisciplinary team of leading public health experts, including Dr. Robert Gould, director of health professional outreach and education at the University of California San Francisco Medical Center, and Professor Tim Takaro of the Faculty of Health Sciences at Simon Fraser University.

Yet it has been almost completely blacked out by the English-language media, despite being the first effort by a world-leading public health organization to produce a scientifically robust calculation of the number of people killed by the US-UK-led “war on terror”.

Mind the gaps

The PSR report is described by Dr Hans von Sponeck, former UN assistant secretary-general, as

a significant contribution to narrowing the gap between reliable estimates of victims of war, especially civilians in Iraq, Afghanistan and Pakistan and tendentious, manipulated or even fraudulent accounts”.

The report conducts a critical review of previous death toll estimates of “war on terror” casualties. It is heavily critical of the figure most widely cited by mainstream media as authoritative, namely, the Iraq Body Count (IBC) estimate of 110,000 dead. That figure is derived from collating media reports of civilian killings, but the PSR report identifies serious gaps and methodological problems in this approach.

For instance, although 40,000 corpses had been buried in Najaf since the launch of the war, IBC recorded only 1,354 deaths in Najaf for the same period. That example shows how wide the gap is between IBC’s Najaf figure and the actual death toll – in this case, by a factor of over 30.

Such gaps are replete throughout IBC’s database. In another instance, IBC recorded just three airstrikes in a period in 2005, when the number of air attacks had in fact increased from 25 to 120 that year. Again, the gap here is by a factor of 40.

According to the PSR study, the much-disputed Lancet study that estimated 655,000 Iraq deaths up to 2006 (and over a million until today by extrapolation) was likely to be far more accurate than IBC’s figures. In fact, the report confirms a virtual consensus among epidemiologists on the reliability of the Lancet study.

Despite some legitimate criticisms, the statistical methodology it applied is the universally recognized standard to determine deaths from conflict zones, used by international agencies and governments.

Politicized Denial

PSR also reviewed the methodology and design of other studies showing a lower death toll, such as a paper in the New England Journal of Medicine, which had a range of serious limitations.

That paper ignored the areas subject to the heaviest violence, namely Baghdad, Anbar and Nineveh, relying on flawed IBC data to extrapolate for those regions. It also imposed “politically-motivated restrictions” on collection and analysis of the data – interviews were conducted by the Iraqi Ministry of Health, which was “totally dependent on the occupying power” and had refused to release data on Iraqi registered deaths under US pressure.

In particular, PSR assessed the claims of Michael Spaget, John Sloboda and others who questioned the Lancet study data collection methods as potentially fraudulent. All such claims, PSR found, were spurious.

The few “justified criticisms,” PSR concludes,

“do not call into question the results of the Lancet studies as a whole. These figures still represent the best estimates that are currently available”.

The Lancet findings are also corroborated by the data from a new study in PLOS Medicine, finding 500,000 Iraqi deaths from the war. Overall, PSR concludes that the most likely number for the civilian death toll in Iraq since 2003 to date is about 1 million.

To this, the PSR study adds at least 220,000 in Afghanistan and 80,000 in Pakistan, killed as the direct or indirect consequence of US-led war: a “conservative” total of 1.3 million. The real figure could easily be “in excess of 2 million”.

Yet even the PSR study suffers from limitations. Firstly, the post-9/11 “war on terror” was not new, but merely extended previous interventionist policies in Iraq and Afghanistan.

Secondly, the huge paucity of data on Afghanistan meant the PSR study probably underestimated the Afghan death toll.

Iraq

The war on Iraq did not begin in 2003, but in 1991 with the first Gulf War, which was followed by the UN sanctions regime.

An early PSR study by Beth Daponte, then a US government Census Bureau demographer, found that Iraq deaths caused by the direct and indirect impact of the first Gulf War amounted to around 200,000 Iraqis, mostly civilians. Meanwhile, her internal government study was suppressed.

After US-led forces pulled out, the war on Iraq continued in economic form through the US-UK imposed UN sanctions regime, on the pretext of denying Saddam Hussein the materials necessary to make weapons of mass destruction. Items banned from Iraq under this rationale included a vast number of items needed for everyday life.

Undisputed UN figures show that 1.7 million Iraqi civilians died due to the West’s brutal sanctions regime, half of whom were children.

The mass death was seemingly intended. Among items banned by the UN sanctions were chemicals and equipment essential for Iraq’s national water treatment system. A secret US Defence Intelligence Agency (DIA) document discovered by Professor Thomas Nagy of the School of Business at George Washington University amounted, he said, to “an early blueprint for genocide against the people of Iraq”.

In his paper for the Association of Genocide Scholars at the University of Manitoba, Professor Nagi explained that the DIA document revealed “minute details of a fully workable method to ‘fully degrade the water treatment system’ of an entire nation” over a period of a decade. The sanctions policy would create “the conditions for widespread disease, including full scale epidemics,” thus “liquidating a significant portion of the population of Iraq” .

This means that in Iraq alone, the US-led war from 1991 to 2003 killed 1.9 million Iraqis; then from 2003 onwards around 1 million: totaling just under 3 million Iraqis dead over two decades.

Afghanistan

In Afghanistan, PSR’s estimate of overall casualties could also be very conservative. Six months after the 2001 bombing campaign, The Guardian’s Jonathan Steele revealed that anywhere between 1,300 and 8,000 Afghans were killed directly, and as many as a further 50,000 people died avoidably as an indirect result of the war.

In his book, Body Count: Global Avoidable Mortality Since 1950 (2007), Professor Gideon Polya applied the same methodology used by The Guardian to UN Population Division annual mortality data to calculate plausible figures for excess deaths. A retired biochemist at La Trobe University in Melbourne, Polya concludes that total avoidable Afghan deaths since 2001 under ongoing war and occupation-imposed deprivation amount to around 3 million people, about 900,000 of whom are infants under five.

Although Professor Polya’s findings are not published in an academic journal, his 2007 Body Count study has been recommended by California State University sociologist Professor Jacqueline Carrigan as “a data-rich profile of the global mortality situation” in a review published by the Routledge journal, Socialism and Democracy.

As with Iraq, US intervention in Afghanistan began long before 9/11 in the form of covert military, logistical and financial aid to the Taliban from around 1992 onwards. This US assistance propelled the Taliban’s violent conquest of nearly 90% of Afghan territory.

In a 2001 National Academy of Sciences report, Forced Migration and Mortality, leading epidemiologist Steven Hansch, a director of Relief International, noted that total excess mortality in Afghanistan due to the indirect impacts of war through the 1990s could be anywhere between 200,000 and 2 million. The Soviet Union, of course, also bore responsibility for its role in devastating civilian infrastructure, thus paving the way for these deaths.

Altogether, this suggests that the total Afghan death toll due to the direct and indirect impacts of US-led intervention since the early nineties until now could be as high 3-5 million.

Denial

According to the figures explored here, total deaths from Western interventions in Iraq and Afghanistan since the 1990s – from direct killings and the longer-term impact of war-imposed deprivation – likely constitute around 4 million (2 million in Iraq from 1991-2003, plus 2 million from the “war on terror”), and could be as high as 6-8 million people when accounting for higher avoidable death estimates in Afghanistan.

Such figures could well be too high, but will never know for sure. US and UK armed forces, as a matter of policy, refuse to keep track of the civilian death toll of military operations – they are an irrelevant inconvenience.

Due to the severe lack of data in Iraq, almost complete non-existence of records in Afghanistan, and the indifference of Western governments to civilian deaths, it is literally impossible to determine the true extent of loss of life.

In the absence of even the possibility of corroboration, these figures provide plausible estimates based on applying standard statistical methodology to the best, if scarce, evidence available. They give an indication of the scale of the destruction, if not the precise detail.

Much of this death has been justified in the context of fighting tyranny and terrorism. Yet thanks to the silence of the wider media, most people have no idea of the true scale of protracted terror wrought in their name by US and UK tyranny in Iraq and Afghanistan.

Source*

Related Topics:

Jewish Judge Orders Release of Muslim Torture Photos*

Lockerbie Lies to Subvert Independent Sovereign Countries *

22 Years of Fake “Islamic Terror”*

Greater Israel” Requires the Breaking up of Existing Arab States*

How the British Empire aka New World Order Sowed Seeds of Destruction towards Islam*

Europe: Negative Interest has Banks Paying Borrowers*

Europe: Negative Interest has Banks Paying Borrowers*

moneyblackholeBack in January we asked the following: “who will be the first to offer a negative rate mortgage?” Soon thereafter we discovered that in fact, this NIRP-inspired aberration already existed in Denmark where Nordea Credit was offering to pay borrowers to purchase a house prompting us to make the following assessment:

And just like that, first in Denmark, and soon everywhere else in Europe, a situation has now emerged where savers who pay the bank to hold their cash courtesy of negative deposit rates, are directly funding the negative interest rate paid to those who wish to take out debt. In fact, the more debt the greater the saver-subsidized windfall.

That would turn out to prove rather prescient because as WSJ reports, this bizarre characteristic of the new paranormal is spreading throughout Europe on the back of Mario Draghi’s trillion-euro adventure in debt monetization land.

Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers.

At least one Spanish bank, Bankinter SA, the country’s seventh-largest lender by market value, has been paying some customers interest on mortgages by deducting that amount from the principal the borrower owes.

The problem is just one of many challenges caused by interest rates falling below zero, known as a negative interest rate. All over Europe, banks are being compelled to rebuild computer programs, update legal documents and redo spreadsheets to account for negative rates.

Banks set interest rates on many loans as a small percentage above or below a benchmark such as Euribor. As rates have declined, sometimes to below zero, some banks have faced the paradox of paying interest to those who have borrowed money from them.

Lenders, hoping to avoid the expense of having to pay borrowers, are turning to central banks for guidance. But what they are hearing is less than comforting.

Portugal’s central bank recently ruled that banks would have to pay interest on existing loans if Euribor plus any additional spread falls below zero. The central bank, however, said lenders are free to take “precautionary measures” in future contracts. More than 90% of the 2.3 million mortgages outstanding in Portugal have variable rates linked to Euribor.

In Spain, a spokesman for the central bank said it is studying the issue.

The vast majority of Spanish home mortgages have rates that rise and fall tied to 12-month Euribor, said Irene Peña, an economist with Spain’s mortgage association. That rate stands at 0.187%.

Bankers in Italy said they are awaiting guidance from their local banking association, because loan contracts don’t include any clause on what happens if benchmark rates go below zero. About half of the mortgages outstanding in Italy have variable rates, most of them linked to Euribor, according to mortgage broker Mutuionline

Here’s a helpful visual of Europe’s saver-subsidized, negative rate mortgage program:

If you think this sounds too ridiculous to be true (or at least too ridiculous to become a fixture of the European housing market), consider the following from Citi who thinks negative three month fixings are in the cards even if the ECB doesn’t move the deposit rate further into negative territory:

The question about negative Euribor fixings is more interesting. We do not think it is impossible to have negative 3m fixings (currently +0.018%) even without further adjustments of the depo rate.

Again, looking back at fixing behavior during periods of high excess liquidity, we note how the tightest depo/3m spread fixed at +18bp in Dec-12. Both the refi and the depo rate were unchanged during that period, while excess liquidity hovered above EUR 600bn on average. In the current context, i.e. depo @-20bp, we should not understate the chances of 3m Euribors fixings back to these levels on further ECB balance sheet expansion. In such a scenario, we should expect 3m to fix structurally around –2bp.

Now consider what happens if some euro NCBs cannot meet their monthly purchase targets under PSPP and raising the issue limit to 50% and/or an expansion of eligible SSAs proves insufficient to make up the difference. In that scenario, the ECB may have no choice but to take the depo rate further into negative territory (as JPM predicted last month) and at that point, it will be a very good time to buy a home in Europe.

*  *  *

Of course, we would also note that having the interest the bank owes you on your mortgage deducted from the principal still doesn’t beat the program that now exists in Florida and New Jersey wherein you get your home from free simply by refusing to pay for it.

Source*

Related Topics:

Five Hundred Strangers Prevent Bailiffs from Evicting Man Dying of Cancer*

People Doing Time, Banks Doing Fine*

Cabal Rule Continues to Collapse*

Rothschild’s Central Banks Losing Control*

Iceland Wizens to Banksters Game with Plan to Remove Power of Commercial Banks to Create Money*

Canadians Sued the Bank Of Canada & Won*

Lawsuit Forces Canada to Give Up its Privately owned Central Bank*