Did We Declare Economic War on Iran? Connecting the ndaa, Iran, aipac, Netanyahu, opec, China, nato & More!Submitted by RobHino on Sun, 01/08/2012 - 02:58
If you get an Attack Site warning when visiting the following site, I can assure you I've never had a problem. You can review a previous post, Understanding Geo-Politics: The Oil & Gas Wars of Central Asia, for more information on this topic.
The US-Iran economic war
By Pepe Escobar
NEW YORK - Here's a crash course on how to further wreck the global economy.
A key amendment to the National Defense Authorization Act signed by United States President Barack Obama on the last day of 2011 - when no one was paying attention - imposes sanctions on any countries or companies that buy Iranian oil and pay for it through Iran's central bank. Starting this summer, anybody who does it is prevented from doing business with the US.
This amendment - for all practical purposes a declaration of economic war - was brought to you by the American Israel Public Affairs Committee (AIPAC), on direct orders of the Israeli government under Prime Minister Benjamin "Bibi" Netanyahu...
...The amendment just passed may not represent the "crippling sanctions" vociferously demanded by the Israeli government. Tehran will feel the squeeze - but not to an intolerable level. Yet only those irresponsible people at the US Congress - despised by the overwhelming majority of Americans, according to any number of polls - could possibly believe they can take Iran's 2.5 million barrels of oil a day in exports off the global market with no drastic consequences for the global economy.
Asia increasingly will need more oil - and will continue to buy oil from Iran. And oil prices will keep flirting with the stratosphere.
So why did Obama sign it? For the Obama administration, everything now is about electoral calculus. Those terminal wackos in the Republican presidential circus - with the honorable exception of Ron Paul - are peddling war on Iran the moment they're elected, and substantial swathes of the American electorate are clueless enough to buy it...
Additional Supporting Links:
U.S. Targets Iran's Central Bank - Wall Street Journal