Arlington, VA February 17, 2016
The news is full of items potentially impacting the world of terrorism. here are just a few for your reading pleasure:
Abolish the $100 (US) Bill and reduce terrorism, says a study in this week's Time Magazine. Former president Lawrence Summers of Harvard University discusses a study conducted at (Where else) The Harvard University that abolishing this bill, along with several other large denominations would reduce terrorism, drug trafficking. and other criminal activity. An interesting thought, but probably not very practical. Forgers of American and other currencies have been doing it for years. We see evidence at times that China, North Korea, now ISIS and others are taking over printing plants in various countries and printing our currency. If we stopped with the $100 bill, they would simply go to the next level down. Instead, make it really impossible to reproduce. That still will not be foolproof, but it will reduce forgeries.
Iran will continue producing as much oil as it chooses, reports Reuters. The Iranians, flush with the US Dollars provided by the Obama Administration when it smiled, crossed it fingers, and agreed to the Nuclear Arms deal, is now able to legally produce as much oil as it chooses. Having been ostracized by OPEC during the embargoes, it does not feel it owes those people anything. In some ways, you can understand their perspective; in others, their continued pumping of oil will keep prices very low--good for the consumer, but not for the producers. There is a cost curve here which says that producing oil is eventually not cost-effective. In the meanwhile, Iran continues to bring in more revenue for its 'peaceful causes.' I also have a large bridge I want to sell. Any takers?
Russia will shortly start providing Iran with new S-300, reports the International Business Times; those missiles are intended for defense of the Iranian Homeland, so they say. The missiles, Russia Originally agreed to provide the S-300 air defense missile system to Iran in a deal signed in 2007. However, the worldwide arms embargo delayed delivery for nearly eight years. Only after the signing of the new agreement was the sale put back on schedule, and a total of five systems are expected to be delivered by the Russian Government over the next several months. The Iranian Defense Ministry is arranging a ceremony for the first delivery of the system.