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Forum Post: Swift to Cut Ties With Iran Banks After EU Ban

Posted 6 years ago on March 15, 2012, 7:28 p.m. EST by Underdog (2971) from Clermont, FL
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[-] 1 points by elf3 (3900) 6 years ago

So sad to me here is the government in Iran so willing to sell out their people to their own benefit and agenda...

[-] 1 points by beautifulworld (22872) 6 years ago

That's rough. Why is it okay for one sovereign nation to have nuclear weapons and not another?

[+] -6 points by DKAtoday (33496) from Coon Rapids, MN 6 years ago

No nation should have nuclear weapons. If we can prevent new possessors of the greatest evil ever discovered I am OK with that.

[-] 1 points by beautifulworld (22872) 6 years ago

I still don't see how any sovereign nation can be told how to defend itself. They don't even know for sure that Iran is building these weapons. And, if we don't want Iran to have nuclear weapons then we should lay ours down.

P.S. Glad you got your mojo back.

[+] -6 points by DKAtoday (33496) from Coon Rapids, MN 6 years ago

My mojo? Was I flagging? some times the molasses in my brain makes me feel that way. But it is noticeable? Or are you talking about my getting back my original account. In which case - never mind about that 1st part.

About that defense thing? I don't think nuclear is the answer for anyone. We have been trying for decades now to reduce our arsenal along with Russia's.

[-] 2 points by beautifulworld (22872) 6 years ago

I agree. So turn them in. It's hypocritical to have them yourself and tell another country not to have them. It's like eating candy in front of a kid.

And, yes, of course, I was talking about your original account with all the points.

[+] -5 points by DKAtoday (33496) from Coon Rapids, MN 6 years ago

To get rid of the arsenals it will take the people of the world joining hands to accomplish.

Thanks for the affirmation. I hate it when my wading through molasses shows.

[-] 1 points by nikilister (109) 6 years ago

A total joke. EU and US will soon find out that they need to find a new way to communicate in this world.

What do you do when a bank is closed?

you'll just find some other third party and it doesn't have to be a bank.

US policy makers are a bunch of amateur wankers. If They continue their path they will eventually discover that they are actually isolating themselves instead of Iran.

US sphere of influence as far as banking and finance is concerned is minimal, because traditionally these economies like Iran's or China's have survived without relying on banking on trade for hundreds of centuries, whereas in Europe bankers plundered everything during the past 400 years using currencies and other transferable mechanisms then moved their system to US and naturally they think it is something proven and vital while in reality is absolutely non-essential in other parts of the world.

[-] 1 points by Underdog (2971) from Clermont, FL 6 years ago

So you actually believe this will have no impact? They have been cut off from electronic transactions with the rest of the world. How will they conduct international business now? International oil buy/sell has been effectively eliminated. They are screwed.

[-] 1 points by nikilister (109) 6 years ago

So you are the god of electronic transaction? get a life.

look at it this way. Iran doesn't have Fedex, DHL, UPS either. Oh my god how are they gonna ship their Caviar?

[-] 1 points by Underdog (2971) from Clermont, FL 6 years ago

I am not the god of anything. So please explain for all of us how they are going to conduct their international oil transactions now.

[-] 1 points by nikilister (109) 6 years ago

Maybe you forgot that Iran is not some stupid shit country like Israel that needs to rely on west for everything.

[-] 1 points by Builder (4202) 6 years ago

Last I heard Iran is trading oil for gold with India and China.

The fact that they are refusing to trade in petrodollars is the reason for the trade sanctions and propaganda campaign against the nation. Same thing happened with Iraq, Libya.

Oil trade in anything but petrodollars will bring the IMF and NATO down on your nation quicker than anything.

[-] 1 points by Builder (4202) 6 years ago

Here's the link. Take a look. Sanctions for trade in dollars force this kind of issue. http://rt.com/news/iran-india-gold-oil-543/

[-] 1 points by Underdog (2971) from Clermont, FL 6 years ago

That is a very interesting article. Thanks for providing it. Two points:

1) Gold is a finite commodity. What will China and India do to purchase oil from Iran when all their gold runs out?

2) This quote from the article -->> Both India and China, two major buyers of Iranian oil accounting for 22 and 13 percent of its total export respectively <<-- indicates that 35% oil flow can continue, but that means 65% will stop, right? If so, man, that's quite a hit to their economy. Not the basis for happy times in Tehran. Regional instability. Not good.

[-] 1 points by Builder (4202) 6 years ago

Yes, I see what you mean, but I also see that Iran will end up with a rather large quantity of gold, which will actually place them in the interesting position of offering to trade for commodities that they need by using gold at current inflated world prices.

The region has been quite unstable since the revolution to oust the despotic and murderous Shah.

Remember that Iran was an emerging democracy back in 1953, and then President Mossedegh wanted to privatise the country's oil reserves, and trade in currencies other than the petrodollar.

History shows that any country that wants to do that suffers from "regime change" rather promptly.

[-] 1 points by Underdog (2971) from Clermont, FL 6 years ago

What kind of commodities do you think they would want? I am not really up on Iran that much.

[-] 1 points by Builder (4202) 6 years ago

It's not the backwater most would imagine. Very advanced in medicine and education, though there is still a vast and varied culture living rough in the mountains. Could do a search on trade/Iran, but we are currently under a cyclone (hurricane) watch here, and I must go and secure our outbuildings and vehicles. Will get back to you on this at a later time.