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HOW MODERN MONEY WORKS — Economist Alan Nasser presents a slashing indictment of the vicious nature of finance capitalism; The Bio-Social Facts of American Capitalism: David Price excavates the racist anthropology of Earnest Hooten and his government allies; Is Zero-Tolerance Policing Worth More Chokehold Deaths? Martha Rosenberg and Robert Wilbur assay the deadly legacy of the Broken Windows theory of criminology; Gaming the White Man’s Money: Louis Proyect offers a short history of tribal casinos; Death by Incarceration: Troy Thomas reports from inside prison on the cruelty of life without parole sentences. Plus: Jeffrey St. Clair on how the murder of Michael Brown got lost in the media coverage; JoAnn Wypijewski on class warfare from Martinsburg to Ferguson; Mike Whitney on the coming stock market crash; Chris Floyd on DC’s Insane Clown Posse; Lee Ballinger on the warped nostalgia for the Alamo; and Nathaniel St. Clair on “Boyhood.”
One More Time!

The Intelligence is Wrong

by TERRY LODGE

Iran has zero nuclear weapons capability!  Worse still, for the Chicken Littles in the media and government,  they don’t intend to have nuclear weapons!

Federal officials are frothing over the disclosure by the International Atomic Energy Agency that Iran has underestimated the amount of low-level enriched uranium (LEU) it has produced.  This is ignorant melodrama, replete with warnings from the State Department that certain unspecified measures must quickly be taken against Iran. 

The IAEA says the underestimation of Iran’s production of LEU results from a technical measuring error, and that it has been carefully recorded with remote cameras  installed to supervise the stockpile. If the Iranians intend to transport enriched uranium to a secret location for further processing, the IAEA’s inspectors will find out immediately. Moreover, Iran has slowed down its uranium enrichment program.

Those plumping for another American war once again have their facts completely wrong when alleging threats of WMDs.  Low-enriched uranium CANNOT be used in a nuclear bomb. LEU is 4% enriched, while weapons-grade highly-enriched uranium (HEU) must contain a 90% or greater concentration of uranium.  Significant major further enrichment is required to have a nuclear weapon, which would require 2 to 5 years.  Iran has not chosen that path, which requires construction of massive new centrifuge facilities that would be detectable by our satellites.  Iran would have to buy centrifuges on the international black market, which the CIA would quickly discover if they chose divulge their intelligence.

The new Israeli government warmongers and its sycophants in the White House and Congress are ginning up for war against Iran which will destroy what’s left of the global economy.  It is being built on groundless speculation and lies and will be fought from the depths of the Second Great Depression, using our unemployed children.

Be forewarned.

TERRY LODGE is an attorney in Toledo, Ohio.  He can be reached at tjlodge50@yahoo.com.