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I wonder how much his contribution of US cash to Iran has brought about this delimma the world is facing now?
My logic is simple. Obama gave Iran a boat load of American dollars. Joe Biden lifted sanctions which allowed Iran to sell billions of more dollars in oil. And recently gave Iran billions for hostages.
We were told that not enough American dollars were in the area at the time. So they "borrowed" other currencies and in return the owners of said currencies were repaid in American dollars. Some of us thought at the time that it was a pretty slick way to launder payoffs from other countries...
originally posted by: CriticalStinker
a reply to: Lumenari
We were told that not enough American dollars were in the area at the time. So they "borrowed" other currencies and in return the owners of said currencies were repaid in American dollars. Some of us thought at the time that it was a pretty slick way to launder payoffs from other countries...
So you’re saying it wasn’t unfrozen Iranian assets that were given back, but rather a compilation of multi national assets given to them?
Is it possible that only 10% of US currency is physical which would create a problem for compiling so much cash (if the multi currency claim is true)?
State Department spokeswoman Elizabeth Trudeau says the U.S. couldn’t say more about the Jan. 19 payments because of diplomatic sensitivities. They involved 13 separate payments of $99,999,999.99 and final payment of about $10 million. There was no explanation for the Treasury Department keeping the individual transactions under $100 million.
On Jan. 17, the administration paid Iran the account’s $400 million principal in pallets of euros, Swiss francs and other foreign currency, raising questions about the unusual payment. The $1.3 billion covers what Iran and the U.S. agreed would be the interest on the $400 million over the decades.
The money came from a little-known fund administered by the Treasury Department for settling litigation claims. The so-called Judgment Fund is taxpayer money Congress has permanently approved in the event it’s needed, allowing the president to bypass direct congressional approval to make a settlement. The U.S. previously paid out $278 million in Iran-related claims by using the fund in 1991.
Youve said nothing at all to convince me that oh well, giving Iran all those billions didnt work out. Not Obama's fault.