Iran Sanctions Oil Embargo vs. Treaty of VersaillesSubmitted by Clif25 on Tue, 01/10/2012 - 23:27
I am not a huge history buff, but I have been doing research on the Iran sanctions at work. The stuff going on right now is very scary.
1. Iran's currency has crashed, thanks to all of these sanctions, especially on the central bank of Iran. They are now going to the gold standard. All imports are much more expensive for the country.
2. The EU is looking to prevent its 27 nations from buying oil from Iran, as a kind of embargo. This has led Iran to threaten to block the Strait of Hormuz. This can lead to oil prices over $200.
3. Other nations like India, Japan and South Korea are unsure in how they deal with sanctions by the US that strike out against all nations and companies that get oil from Iran. They are looking for exemptions from the US or clarity on what significant cuts in purchases of Iran oil means.
In the meantime we have the GOP candidates saying we need to be tougher on Iran. We have Obama who has been ruthless against Iran compared to Bush even. We have a bunch of nations like the EU on our side now as well. This ruthlessness reminds me of my understanding of the Treaty of Versailles where too much ruthlessness was put on Germany that may have led to World War II.
This issue can easily divide the world. China is on Iran's side and the worse things get the more likely I think China may take dangerous actions against the US.
I know people say we need to attack Iran because we can't just stand pat like we did against Hitler. But I don't see that analogy working because Iran has not really invaded other nations. I think where we are is more closely tied with the Versailles Treaty but perhaps on steroids.
Maybe I am over anxious here about this is just more reason to make Ron Paul president. Does anyone else see the similarity here?