RUTHFULLY YOURS

WASHINGTON—The Obama administration is preparing to give Iran limited access to U.S. dollars as part of looser sanctions on Tehran, according to congressional staff members and a former American official briefed on the plans.

The proposed move comes amid rising Iranian criticism that the landmark nuclear agreement reached last year between global powers and Tehran hasn’t provided the country with sufficient economic benefits.

Executives at European and Asian banks have said in recent interviews that they remain reluctant to conduct any financial transactions with Iran due to fears they might run afoul of the U.S. Treasury and its regulations that ban dollar dealings with Iranian firms. Most major international trade, particularly in oil and gas, is conducted in U.S. dollars.

The Treasury is considering how to issue licenses to offshore dollar clearing houses for specific Iranian financial institutions, an approach that wouldn’t require the involvement of American banks, according to the congressional officials. The clearing houses, likely involving select foreign banks, would conduct the dollar transactions instead, shielding the U.S. financial system from any direct contact with Iran, these officials said.

“They are looking at a couple mechanisms to allow for this dollar trade, stopping short of normalizing banking transactions,” said a congressional banking official briefed by the administration on its plans, which haven’t been finalized.

Treasury action on Iran’s access to the dollar wouldn’t require congressional approval.

American law still prohibits U.S. and foreign banks from dealing in dollars with Iran, despite the July nuclear agreement. The Treasury Department designates Iran’s entire financial system as a “primary money laundering concern” due to Tehran’s nuclear and missile programs and support for international terrorist groups, such as Hezbollah in Lebanon and Hamas in the Palestinian territories. CONTINUE AT SITE

China has a long record of persecuting its Muslim minorities. Russia has brutally suppressed the separatist movement of the predominantly Muslim Chechens with bombing and shelling. Russian President Vladimir Putin ordered airstrikes against Syrian Muslims without much worry over collateral damage. India has zero tolerance for Islamic radicalism and hits back hard any time Muslim terrorists attack.

Given such severe backlash elsewhere, why do radical Islamists prefer to strike Europeans and Americans — from Paris and Brussels to Boston and San Bernardino?

No place has been more open to Muslim refugees than the United States and the European Union. Together they have accepted several million emigrants from the Middle East since the September 11, 2001, terrorist attacks on New York and Washington.

The EU and the U.S. lavish foreign-aid money on the Palestinians. America has offered a half-century of support to Jordan and Egypt. It is much easier to be a Muslim in Europe than a Christian in the Middle East.

Barack Obama started his presidency eager to win over the Muslim world. In a 2009 interview with Dubai-based TV news channel Al Arabiya, he emphasized that he has Muslim family members. Obama’s NASA director redefined the space agency’s “foremost” mission as Muslim outreach.

Obama has sought a closer relationship with Turkish president Recep Tayyip Erdogan despite Erdogan’s Islamization of Turkey’s shaky democracy. In contrast, Obama alienated Prime Minister Benjamin Netanyahu of Israel, the most steadfast friend America has in the Middle East.

Obama has publicly deferred to Muslim interests while abroad. He apologized to the Turkish parliament for a host of supposed past American sins — “some of our own darker periods in our history.” In symbolic fashion, Obama bowed to King Abdullah of Saudi Arabia. The president’s Cairo speech mythologized Islamic contributions throughout history and downplayed Western achievement.

“ISIS have 400 trained fighters in Europe who are poised to unleash more terror attacks with orders to wait for the right time to cause maximum carnage,” the British Daily Mail reported on March 23, 2016. ISIS terror commandos already struck in Paris on November 13, 2015, and in Brussels on March 22, 2016.

Abdel Hamid Abaaoud, the suspected mastermind of the terror attacks in Paris who operated from Belgium, said that around 90 jihadists had traveled from Syria to France and that “they were spread out around the Paris region: Syrians, Iraqis, British, French and Germans.”

ISIS jihadists receive their training in special training camps in Syria and Iraq. The focus of their training is on how to plot and carry out terror attacks in Europe. Last January, the European police organization Europol claimed in an alarming report that such training camps not only are in existence in Syria and Iraq, but also in the European Union and the Balkan countries. Terror attacks on soft targets are also being planned in Europe itself, the report warns. This finding proved to be right: Both terror attacks in Paris and Brussels were partially planned and prepared from Brussels.

On Saturday March 26, 2016, the Italian anti-terror police arrested Jamal Eddine Ouali, a 40-year-old Algerian who forged lots of identity papers for illegal immigrants and terrorists linked to the ISIS attacks in Paris and Brussels. Ouali was arrested near the southern city of Salerno. He had provided forged identity papers to Mohammed Belkaid, Salah Abdeslam and Najim Lachraaoui, all of whom were members of the ISIS terror commandos that struck in Paris and Brussels.

Erdogan has boasted that he is proud of boldly blackmailing EU leaders into paying him protection money.

Erdogan’s threats were almost criminally sinister: “… the EU will be confronted with more than a dead boy on the shores of Turkey. There will be 10,000 or 15,000. How will you deal with that?”

According to the agreement, 80 million Turkish citizens will have visa-free access to the European Union.

The nightmare scenario for a desperate EU is that no matter how much it bows to extortionist demands from Turkey, the migrant crisis will continue to grow. Even if Turkey closes down all migrant routes from Turkey into Europe, refugees could take new routes through North Africa or the Caucasus.

Meanwhile, 800,000 migrants are currently on Libyan territory waiting to cross the Mediterranean, according to French Defense Minister Jean-Yves le Drian.

“We can open the doors to Greece and Bulgaria anytime and we can put the refugees on buses … So how will you deal with refugees if you don’t get a deal? Kill the refugees?” This was the question Turkish President Recep Taayip Erdogan, in true mafia style, asked European Council President Donald Tusk and European Commission President Jean-Claude Juncker on November 16, 2015 in a closed meeting in Antalya, Turkey, where the three met after the G20 summit.

While Tusk and Juncker have both declined to comment on whether the meeting took place, Erdogan has since then boasted that he is proud of the leaked minutes of the meeting, where he boldly blackmails EU leaders into paying him protection money.

Erdogan’s threats were almost criminally sinister: “… the EU will be confronted with more than a dead boy on the shores of Turkey. There will be 10,000 or 15,000. How will you deal with that?”

Turkish President Recep Taayip Erdogan (left) has boasted that he is proud of blackmailing EU leaders, including European Commission President Jean-Claude Juncker (right), into paying him protection money.

Finally, feeding into the denial/ignorance of the European elites, who were at that time reeling from the Paris terror attacks that had occurred just three days earlier, Erdogan — who himself has hosted and supported terrorist groups from Hamas to Hezbollah to ISIS — told his European colleagues, “The attacks in Paris is [sic] all about poverty and exclusion. These people… will continue to be terrorists in Europe”.

The leaked minutes furthermore showed Tusk and Juncker pleading with Erdogan, almost begging him to see reason, pathetically telling him that the EU has been treating him “as a prince in Brussels.”

“Like a prince?” Erdogan retorted, “Of course. I’m not representing a third world country.” He also told Juncker, who is the former prime minister of Luxembourg, not to compare Luxembourg to Turkey: “Luxembourg is just like a town in Turkey.”

According to a report by the Turkish Journalists Association, 500 journalists were fired in Turkey in 2015; 70 others were subjected to physical violence. Thirty journalists remain in prison, mostly on charges of “terrorism.” There are also many journalists among the 1,845 Turks who have been investigated or prosecuted for insulting President Recep Tayyip Erdogan since he was elected in August 2014.

After the secular daily newspaper Cumhuriyet published evidence of arms deliveries by the Turkish intelligence services to Islamist groups in Syria, President Erdogan himself filed a criminal complaint against Cumhuriyet’s editor-in-chief, Can Dundar, and the Ankara bureau chief, Erdem Gul.

At a March 25 hearing, the Istanbul court ruled for the whole trial to be held in secret.

“We came here today to defend journalism…We said we would defend the people’s right to access information. We defended that and we were arrested.” — Can Dundar, editor-in-chief of Cumhuriyet.

The trial clearly exhibits how Erdogan’s authoritarian rule diverges from Western democratic culture.

“Turkey is where many journalists may have to spend more time at their attorneys’ offices or in courtrooms than in the newsrooms, where they should be,” a Western diplomat joked bitterly. “Don’t quote me on that. I don’t want to be declared persona non grata,” he added with a smile.

India’s Supreme Court is considering petitions that challenge Muslim laws governing marriage on the grounds that they discriminate against women, a charged issue that risks angering the country’s orthodox Muslims.

A panel headed by the chief justice that is hearing the petitions directed the government this week to release an official 2015 report that looks at the impact of some of India’s religion-specific laws on women’s rights and recommends legal reform.

Among the petitioners calling for change is Shayara Bano, a Muslim woman whose husband, after 13 years of marriage, divorced her by triple talaq, a practice that allows Muslim men in India to leave their wives unilaterally and often instantaneously by saying “talaq,” meaning divorce, three times. Other similar petitions were put together by the court and are being heard at the same time.The next hearing in the case is expected in May.

The Indian constitution protects gender equality, but on issues of marriage, divorce and inheritance, different religious communities are governed by their own so-called personal laws. Whether a person is subject to those laws is usually determined by their religion at birth.
Muslim clerics and scholars have rebuffed demands for unifying personal laws into a common civil code for all Indian citizens—advocated by Prime Minister Narendra Modi’s Bharatiya Janata Party—rejecting what they call attempts to interfere with their religious practices in Hindu-majority India. There are more than 170 million Muslims in the country out of a 1.2 billion population.

Muslim women’s rights groups argue that the practice of triple talaq misinterprets the Quran and is protected by orthodox Muslim men to perpetuate patriarchy. In her petition, Ms. Bano asks the court to declare it illegal as it “practically treats women like chattel,” infringes their “basic right to live with dignity” and violates their fundamental rights to equality and life guaranteed under the constitution.

“Muslim women have their hands tied while the guillotine of divorce dangles, perpetually ready to drop at the whims of their husbands who enjoy undisputed power,” the petition reads, alleging that women have been divorced over Skype, Facebook and through text messages.

“There is no protection against such arbitrary divorce,” it adds. CONTINUE AT SITE

“Given the risks to the outlook, I consider it appropriate for the [Federal Open Market] Committee to proceed cautiously in adjusting policy,” Fed Chair Janet Yellen told the Economic Club of New York Tuesday, citing slower growth in the US and China and weak commodity prices. Her opposite number at the European Central Bank, Mario Draghi, knows better: on March 10 he announced that the ECB would buy corporate bonds to continue quantitative easing, the first time a major central bank has put large amounts credit risk on its balance sheet in living memory.

Draghi feared a collapse of confidence in Italian banks, who in turn own 405 billion euros of Italian government debt, or more than a fifth of the total. The trouble is that the Italian banks probably are insolvent by a wide margin. Non-performing loans stood at about 18% of Italian banks’ total loans at the end of 2014 and the total probably has increased since then.

The Fed’s threat to raise US interest rates sent world stock markets into a tailspin during the first six weeks of the year. Markets snapped back after the US, European and Japanese central banks responded with monetary ease and the promise of more. The central banks are right to worry. The European banking crisis of 2012 was never resolved, just swept under the carpet. It threatened to erupt again in February.

Nonperforming assets are larger than shareholders’ equity in all the top four Italian banks. The basket case is Monte dei Paschi, the third-largest private commercial bank, with non-performing assets at more than 500% of equity. Depending on recovery value, Unicredito and Intesa San Paolo, the two largest banks, might be solvent, presuming that they aren’t lying about their non-performing assets. By contrast, Bank of America and Citigroup have non-performing assets valued at 3% to 4% of their equity.

Chinese banks–the subject of endless scrutiny by foreign analysts–reported nonperforming loans of just 1.6%, and the Hong Kong brokerage house Reorient Group estimated NPL’s at 4.2% of bank assetsin a recent report.

To be updated post verdict….rsk

“Presumed innocent until proven Serb”
–Balkans forum commenter

“The falseness of the entire situation here defies description.”
– Radovan Karadzic, Opening Defense Statement

Well, at least this Hague-held Serb didn’t turn up dead like six or so others.

Very little in or about the Balkans happens by accident. In 2008 Radovan Karadzic was arrested at a time that the U.S. and EU were desperately ramming through statehood for a criminal enclave named Kosovo. Conveniently, the arrest of Karadzic reinforced the image of Serb as war criminal just as they were looking to have fewer questions about officialdom’s obsession with this tiny place.

And it is again no accident that the date of the Karadzic verdict eight years later was “set for March 24th,” the infamous date in 1999 of America’s greatest international crime and shame, when a purportedly anti-war president took us to war against a Christian, European population that had been America’s historical ally. All for doing battle against domestic terror and the ambitions of Greater Islam which, having little experience with it at the time, Washington dubbed “genocide” and “ethnic cleansing.” As did Berlin, Paris and Brussels.

Payback is a bitch. Particularly when it’s self-orchestrated, as Europe and America are today reaping the karma and consequence of what they’ve sown, making Serbs of us all. As publisher Milo Yelesiyevich, who has translated Karadzic’s Opening Defense Statement, put it in a letter to me:

I hope the Europeans give Dr. K a second look, because they’re in for it now. In a few short decades, they’ve been cast in the role of “Serbs” in their own countries, yet they still refuse to acknowledge their complicity in their own downfall, which stems from having attacked Serbs and Serbia throughout the 1990s [on behalf of what would become the next nexus of jihad — Bosnia and Kosovo].

From the back cover of the hard-copy version of the opening statement, by Kirkus Reviews:

Karadžić’s defense itself is remarkable, by turns eloquent, historically provocative…. Karadžić claimed Serbs had long been champions of peace and compromise, but they met an intransigent Muslim faction that all but insisted on either war or submission. Moreover, he contended that the “forcible removal of Bosnian Muslims and Croats was never our plan.” In many ways, the full account of Karadžić’s defense does add valuable perspective, especially in pointing out that Muslim insurgents were themselves guilty of extraordinary war crimes and that they were often stubbornly unreasonable partners in political dialogue…. This translation remains an important contribution to the understanding of a historically significant war.

No doubt one U.S. presidential candidate in particular will seek to capitalize on the carefully timed verdict to burnish her credentials, for having urged her husband to wage that “successful” 1999 war and for the overall ’90s Balkans legacy that today culminates in this “important” conviction of yet another Serbian official.

A salient point from the book’s web page:

The U.S. and NATO used the Bosnian War as a laboratory to test weapons as well as new methods of perception management, which they deployed in a long series of wars. Americans who no longer believe the U.S. government’s selective presentation of its foreign policy will find much to consider in Dr. Karadžić’s Opening Defense Statement.

With that, a few relevant snippets. First, an October 2013 email from the American who first coined the term “ethnic cleansing” in the context of Bosnia while serving as a foreign service officer, George Kenney. (Kenney subsequently subscribed to a more balanced version of the war than the cartoon that Americans were fed.):

I am still mystified as to why, but last Friday I was invited to a lunch at a fancy restaurant on K Street for Zeljka Cvijanovic, the Bosnian Serb Prime Minister. She was in town for a couple days, opening an office here. About a dozen people attended, including several former government types. After the meal, over coffee, about half a dozen of us lingered, swapping stories

While England Slept is the title of Winston Churchill’s 1938 book documenting the failure of England to counter Germany’s rearmament. Despite the gruesome price paid for ignoring Churchill’s warnings, postwar Europe has slumbered for decades while its cultural dysfunctions have nurtured the jihadist violence erupting across Europe. Last week’s attacks in Brussels, coming four months after the Paris attacks that killed 130, suggests there are more attacks to come. According to AP, 400-600 ISIS-trained terrorists are making their way to Europe.

Europe can’t say it wasn’t warned. In 2002 Oriana Fallaci published The Rage and the Pride, a passionate defense of Western civilization and an indictment of those who appease Islamic illiberalism. Ten years ago Bruce Bawer’s While Europe Slept gave first-hand reports of Europe’s feckless immigration policies that fostered and appeased Muslim radicalism and violence. A year later Claire Berlinski’s Menace in Europe and Melanie Phillips’ Londonistan sounded the same alarms. And there are the dystopian novels of Michel Houellebecq like Platform and last year’s Submission, which link Europe’s cultural and spiritual exhaustion to the rise of homegrown jihadism and Islamization.

An even more important prophet is Bat Ye’or, whose Eurabia (2005) documented “Europe’s evolution from a Judeo-Christian civilization, with important post-Enlightenment secular elements, into a post-Judeo-Christian civilization that is subservient to the ideology of jihad and the Islamic powers that propagate it.” The result is the dhimmi mentality of Europe’s elites, which manifests in word and deed Western inferiority to Islam, and guilt over alleged crimes against the Muslim world.

But a secularized Europe committed to multicultural fantasies and la dolce vita as the highest goods has dismissed these prophets as bigots and “Islamophobes” who distort the “religion of peace.” Yet after the collapse of the Ottoman caliphate in 1923––the “catastrophe” Osama bin Laden mentioned after 9/11–– the theorists of modern jihadism were forthright and plain in expressing the intolerant and triumphalist Islamic beliefs and jihadist imperative consistent with Ye’or’s analysis. Islam’s nature, Muslim Brotherhood founder Hassan al-Banna wrote, is “to dominate, not to be dominated, to impose its laws on all nations, and extend its power to the entire planet.” Fellow Muslim Brother Sayyid Qutb concurred: “Islam has a right to remove all those obstacles which are in its path.” The Ayatollah Khomeini, leader of the Iranian Revolution, agreed: “The great prophet of Islam carried in one hand the Koran and in the other a sword; the sword is for crushing the traitor and the Koran for guidance . . . Islam is a religion of blood for infidels but a religion of guidance for other people.”

The facts show is that all these “excuses” for terrorism are incorrect. Israel is not, for instance, carrying out the “war crimes,” “apartheid” or “genocide,” which propagandists have persuaded Europeans that Israel is engaged in. Israel is, quite the contrary, fighting an enemy that breaks every rule of armed conflict, and responds in a manner so precise and so moral that allied nations are concerned that they will not be able to live up to the Israeli military’s moral standards the next time they go to war.

Well, what a shock the rest of the world will one day have to undergo. Because if you allow an “excuse” for one false narrative of Islamic extremists, you will then have to allow it for the others. You will, for example, have to accept the word of ISIS that Belgium is a “crusader” nation, deserving to be attacked because it is involved in a “crusade.”

The question is not why it took over 24 hours for the UK to find Belgian-colored lights to project in solidarity, but why after 67 years of terror, it still has not found the simple blue and white lights to project the flag of Israel onto any public place.

The day after the Brussels terror attack, landmarks in the UK were lit up in the colors of the Belgian flag. Portions of the press in Britain excoriated the country on this. Why, they asked, had the now-traditional, mawkish ceremony occurred the day after the attacks rather than on the evening of the attacks themselves? Why were we a day late with our lights when other cities had managed to do their “solidarity” gesture straightaway? Such are our times. And such are our questions.