Posted on 07/01/2013 11:17:51 PM PDT by Berlin_Freeper
The first American sanctions on Iran since a moderate cleric won the presidential election there on June 14 went into effect on Monday, expanding the number of penalized industries and imposing rules that theoretically could halt all gold and currency trade by the country.
Proponents of the latest round of sanctions said they could deprive the Iranians of billions of dollars of income that had evaded earlier rounds — particularly with the new prohibition on gold trade. Bullion dealers in other countries who flout the prohibition risk severe American penalties, including expulsion from the United States precious metals market.
(Excerpt) Read more at nytimes.com ...
At the rate we’re going, we’ll give the Syrian rebels nuclear weapons, which will then be captured by Assad, and given to Iran.
I must be very tired.
I’ll have to read this tomorrow to understand.
NOTHING WILL STOP IRAN in their march for the bomb.
This is what they are doing.
This is what they have said.
Learn the lesson of WWII... This is what they mean.
You can stop the shipment of depressing black garb, pistachio nuts and beard trimming equipment from the West OR WHATEVER THEY NEED FOR THEIR ECONOMY.
NOTHING WILL STOP THEM NO MATTER HOW MANY ECONOMIC SANTIONS YOU SLAP ON THEM.
THEY MUST BE TAKEN OUT MILITARILY, THERE IS NO OTHER OPTION NOW.
I wish I could be encouraging but a new day always brings new(s) crap.
LOL. You’re right.
I don’t think these latest sanctions are about nuclear weapons.
The US is clamping down on anything that threatens the reserve currency status of the dollar. Iran is selling Oil for Gold and is using Gold to buy stuff. No dollars are involved.
Gold is a direct currency cross against the dollar. Also it cannot be simply printed into existance. If/when it becomes popular as a vehicle for international settlement then the dollar will crash.
“Gold is a direct currency cross against the dollar. Also it cannot be simply printed into existance. If/when it becomes popular as a vehicle for international settlement then the dollar will crash.”
Oil is a more likely reserve currency. At least there is enough of it to stabilize the money markets worldwide, unlike gold.
And the wars, the wars would be epic.
I don’t think that this move will have the slightest effect on the Iranian drive to make nuclear weapons. First, they will evade our banking rules, anyway. Second, they know what their priorities are.
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