Trump says he bombed Iran

[Oldcarpy2]

Under Obama's agreement their nuke programme was subject to independent inspections.

Under this one, just 'Scouts Honour".

What a prick.

[CriticalStinker]

Warsh had his first fed meeting today. No more forward guidance (estimates/targets), and 2% inflation is no longer a target.

Incredible.

Obviously they never really had high regard for such things, but it’s just so blatant now.

[Knows]

[govshill2]

Looks like this is a lock for Iran to violate.  
Odds Iran will NOT sign this = ??
Lots of this is likely from Arab States as confusion.
And The U.N. will most likely reject LOL 

[andy06shake]

Under Obama's agreement their nuke programme was subject to independent inspections.

Under this one, just 'Scouts Honour".

What a prick.

 
"قول شرفِ پیشاهنگی!» (qowl-e sharaf-e pīshāhangī)"

Farsi approximation for "Scouts' Honour" 

I think it's quite clear how history will remember the clown.

And it won't be as a "deal maker" or "broker of peace"...

[chr0naut]

See where you're coming from. I have no idea how it works with this inflation. I guess you need to get rid of inflation completely. Just have a set price for everything and nothing ever changes. On the Kibbutzes they called it 'Funny Money' and just like bus ticket tokens. Seemed to work well. A ticket for a pint of milk, a ticket for a packet of Time cigs, a ticket for a post card. If the ticket always states 1 on it, problem solved. At least that's how it works I guess. Total elimination of inflation 

If you remove fiscal interest, which causes inflation, you end investment, and usually, most business' profitability and incentive.

Imagine in your hypothetical token system, when everyone receives a fixed number of tokens, so the economy as a total only grows by population growth. No-one can add value. No amount of labor, or demand, or sales, or anything adds a whit to the economy. It just shifts the money around in circles but there is no growth, economically.

So interest, and therefore inflation, has a function. But if the economy free-wheels, interest can become too great - hyperinflation, or too small - recession and depression.

But the economy isn't some simple system, it is made up of the decisions and actions of millions of individual manufacturers, traders, dependents and consumers, so no one authority is really in control of economies.

So, economic theorists have come up with all sorts of ideas about how to balance and control the variables of the economy - what they imagine are the levers and buttons that do things to the great machine, but in truth, they can't even agree with each other. It is all too complex for mere humans (and their machines).

[CriticalStinker]

Looks like this is a lock for Iran to violate.  
Odds Iran will NOT sign this = ??
Lots of this is likely from Arab States as confusion.
And The U.N. will most likely reject LOL 

What part looks like Iran would violate? They got a lot of what they wanted.

More likely, the Lebanon portion will be violated by Israel. Word is it got added last minute because Israel decided to bomb Beirut the day of the deal putting everything in jeperdy. We allegedly added that to keep Iran from hitting Israel for that.

[IDELB2006]

@CriticalStinker

Warsh had his first fed meeting today. No more forward guidance (estimates/targets), and 2% inflation is no longer a target.

Incredible.

Obviously they never really had high regard for such things, but it’s just so blatant now.

If you invest well, inflation has little affect.

Otherwise its just another means to transfer wealth from the poor's to the wealthy.

[chr0naut]

There’s one big difference between these deals that makes this one a massive win.

Trump made this deal.

Other than that, it looks like a worse deal.

Not even a fan of Obama, he was a horrible president who I always voted against… but objectively the deal now is worse.

I doubt that Trumb actually made the deal. He was far too busy with golf, UFC fights and online posts.

Oh, and the JCPOA wasn't authored by Obama. It came from the United Nations Security Council and Obama was just a signatory, as representative of the United States.

[IDELB2006]

The terms of... victory? ...have been made public.

US releases official agreement with Iran. Read the 14-point text

This is what we get when our President is a game show host, and the department of war is run by a talk show host.