Spoke to Larry Kudlow on his CNBC Kudlow Report in re the taunting by Iran President Ahmadinejad (left with the Supreme leader, September 2011) that the US is a second-rate power with a grotesque debt load. Larry Kudlow asked if the US is under threat of terror attack on our financial foundations, and the answer is yes. More generally, Tehran does not fear the US, because POTUS Obama has worked since 2009 to sign a peace deal with the Supreme Leader that will resemble appeasement. The Grand Bargain calls for the US to permit the Iranian nuclear enrichment program as a non-military enterprise in exchange for Iran promising to work in the region as a source of stability. It is a decidedly one-sided deal brokered by the hard-trading Bazaar-keepers of Tehran. POTUS Obama has traded away the US relationship to Iraq, to Afghanistan, to Israel, in the hope of getting the deal done during the Election cycle of 2012. The fresh turn is that POTUS is now said to be convinced that, in the event of his defeat, that he can still close the deal with the Supreme Leader during the Lame Duck session of Congress. The POTUS thinking, inspired by Valerie Jarrett, is that the Obama administration's troubled first term will be offset by the success of Obama as a peacemaker just as Richard Nixon's disastrous second term was eventually offset by Richard Nixon's peacemaking with China before and after his resignation. As for the terror attacks on US, yes, they are most likely from lone wolf agents like a sad sack who thought he could bomb the Federal Reserve in Manhattan. Far mor damaging to US worth is the retreat from the confrontation with the Devils in the Middle East. The present path to the Grand Bargain leads to darkness visible.