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January 19, 2012 By Joseph P. Farrell

The current American Secretary of Defense Leon Panetta has had a long and distinguished career within American government, and is not known to be a typical government spokesman, but rather, one who speaks his mind clearly and, on occasion, is not afraid to break ranks. He is, in my opinion, one of a troika that is the core policy-determining cadre of the Obama Administration, the other two members being Secretary of State Hillary Clinton, and Joint Chiefs chairman General Petraeus. Well, once again The Daily Bell has uncovered something significant, and I'd like to share it here:

VIDEO: Panetta Admits Iran Has No Immediate Plan for Nuclear Weapons

While the article is up to the Daily Bell's usual level of trenchant analysis, scroll to the bottom and listen to the video. "Are they trying to develop a nuclear weapon? No. But they are trying to develop a nuclear capability," so says Mr. Panetta.

Ponder that statement carefully. All the hype and hysteria is over the development of a capability to develop nuclear weapons. Well, if that is a criterion for geopolitical hysteria, then we might as well worry about the nuclear capability of Belgium, Luxemburg, Austria, Holland, Sweden, Poland, the Ukraine, South Africa, Japan, Argentina, Brazil, Indonesia, Canada, Germany... basically anyone with sophisticated reactor technology has a potential nuclear capability, and the list grows longer and longer by the year...

Let's also consider something else. Even if Iran did get a nuclear or even thermonuclear capability, what would they do with it? There are of course those who would argue that "suitcase nukes" would be a proliferation problem, and they're right. The nuts in Tehran are nutty enough to contemplate such a thing, but, there's one tiny problem. If they were ever to actually embark on such a course, the result would be devastation to their country. And power-mad people like to have...well, power, not to lose it. And if they contemplated its use in more conventional ways, the result would be the same.

So we seem to be back to square one, but I for one, am grateful to Mr. Panetta for having the guts, as he has so much in the past, to speak the truth. See you on the flip side.