The US has been giving Iran back some of the seized 1979 assets for years - IIRC, we gave them $3 billion in 2014 as part of this agreement. Hell, Reagan gave back over $3 billion during his administration. So payments to Iran in regards to their seized asset claims have been going on for 30+ years.
Here’s the funny thing, though. This payment is to recompense Iran for $400 million of military equipment bought in 1979, and in recompense, they are getting… $400 million in 2016 dollars.
Adjusted for inflation, they really should be getting $1.3 billion. Thanks for the interest free loan, guys!
Of course, they were going to buy military equipment. Given inflation, $1 in 1979 buys as much as $3.32 now.
They are getting back their $400 million, which is really less than 1/3 of the inflation-adjusted amount they should be getting, to buy weapons which have increased in price by 3 times.
So, the timeline:
Iran buys $400 mill in weapons in 1978/79.
Gives US the money
Iran takes hostages
US seizes assets - I assume the US Treasury gets all revenue from these assets?
35 years later, US as part of a 30+ year process of unfreezing these assets, gives Iran back the $400 mill, not adjusted for inflation.
Iran, if they want to buy weapons with this money, now has to purchase weapons with this $400 mill, weapons that have also been subjected to inflation.
So… running the numbers and worst case scenarios (we’re being told all this $ is going to fund weapons/terrorists/etc, right?), when all is said and done, Iran gave the US $400 million dollars in 1978 to buy an inflation-adjusted $120 million in weapons in 2016.
#Winning!