I don’t understand this crap! Today, the United States and Iran settled a long outstanding claim at the Iran-U.S. Claims Tribunal in the Hague where Secretary of State John Kerry muttered, “This specific claim was in the amount of a $400 million Trust Fund used by Iran to purchase military equipment from the United States prior to a break in diplomatic ties” Blah-Blah-Blah, Mr. Kerry. You are more full of political bull crap than Mr. Obama!
BRIEF HISTORY LESSON
In 1979, the United States allowed the then exiled, Shah of Iran entry into our country for medical treatment. Meanwhile; a group of radical Islamists in Tehran violently seized our American Embassy there, burned our flag, looted and destroyed our Embassy (American Territory) & took over 54 American Citizen hostages These Americans were held captive in that disgusting country for 444 days! Eventually; President Carter acted by Executive Order in November of that year by freezing about $12 Billion Iranian assets which included bank deposits, gold & property. But the harm was already done to his weak administration because Americans remained captive in Iran until a new President was sworn into office in January 1981.
During the Reagan Administration, the United States increased sanctions against Iran after Iraq invaded them and in 1984 more sanctions were approved to prohibit all weapons sales and all U.S. assistance to Iran. (The Iran Sanctions Act (ISA) that is the basis of the current sanctions against Iran is a revised version of the Iran and Libya Sanctions Act (ILSA) that was signed on 5 August 1996, ie: H.R. 3107, P.L. 104-172. The act was renamed in 2006 when the sanctions against Libya were terminated.)
In March 1995, President Clinton issued EO# 12957 which prohibited U.S. trade in Iran’s oil industry & EO #12959 which prohibited all trade with Iran. Later that year, Congress passed the Iran-Libya Sanctions Act (ILSA) which included foreign company penalties if they engaged in over $20 Million of petroleum development in Iran.
After ILSA expired in early 2001, it was summarily renewed under President George W. Bush later in 2001. And no wonder it has remained in effect until now. However, today~ in this writer & U.S. Navy Veteran’s opinion~ is another day that just may~ live in infamy! Indeed; I truly believe that this horrible precedent set forth by America, (And yes~ the POTUS & SOS do represent ALL Americans!) may just be the beginning of the end of our once proud & strong nation!)
The original claim was filed in 1981 during which Iran had an outstanding order for military equipment under the regime, which the U.S. refused to fill after the 1979 Iranian revolution. This $400 Million payment is in addition to the $100 to $150 Billion of Iranian assets that the Obama Administration has agreed to unfreeze as part of the Iranian nuclear agreement. SOS Kerry blabbed on: “In 1981, with the reaching of the Algiers Accords and the creation of the Iran-U.S. Claims Tribunal, Iran filed a claim for these funds, tying them up in litigation at the Tribunal.” (Has anyone ever wondered if SOS stands for Secretary of State or Sack of Shit? (Americans have had several ‘sacks’ loaded full of ‘it’ during the Obama Administration!)
The $1.7 billion payment stems from the original $400 million plus $1.3 billion in interest the State Department agreed to pay on that money. Earlier today, the US Department of State (SOS) released the following statement:
Hague Claims Tribunal Settlement~ Press Statement by John Kerry,Secretary of State, Washington, DC on January 17, 2016
“The United States and Iran today have settled a long outstanding claim at the Iran-U.S. Claims Tribunal in the Hague.
This specific claim was in the amount of a $400 million Trust Fund used by Iran to purchase military equipment from the United States prior to the break in diplomatic ties. In 1981, with the reaching of the Algiers Accords and the creation of the Iran-U.S. Claims Tribunal, Iran filed a claim for these funds, tying them up in litigation at the Tribunal.
This is the latest of a series of important settlements reached over the past 35 years at the Hague Tribunal. In constructive bilateral discussions, we arrived at a fair settlement to this claim, which due to litigation risk, remains in the best interests of the United States.
Iran will receive the balance of $400 million in the Trust Fund, as well as a roughly $1.3 billion compromise on the interest. Iran’s recovery was fixed at a reasonable rate of interest and therefore Iran is unable to pursue a bigger Tribunal award against us, preventing U.S. taxpayers from being obligated to a larger amount of money.
All of the approximately 4,700 private U.S. claims filed against the Government of Iran at the Tribunal were resolved during the first 20 years of the Tribunal, resulting in payments of more than $2.5 billion in awards to U.S. nationals and companies through that process.
There are still outstanding Tribunal claims, mostly by Iran against the U.S. We will continue efforts to address these claims appropriately.”
In this writer’s opinion the old saying is right. “Those that do not Learn from History are Doomed to Repeat it!”
Written By: Dorian F. Howard© January 17, 2016