Sunday 18 March 2012

More from Iran


-- Stop lying Reuters! Stop lying! In your subhead you say that this is to prevent Iran from financing a nuclear weapon. No its is not. It is about preventing Iran from selling oil outside the U.S. dollar. It's bad enough we have to deal with insane, dishonest and lying politicians. We're also pretty damn sick of press outlets shoveling transparent bullshit at us. 

This move is truly unprecedented. It is an act of war (one of many thus far). The United States and Israel now appear to be setting out on a war from which there will be no return, for any of us. Reason has fled.. -- MC





Payments system SWIFT to expel Iranian banks Saturday
The world's biggest electronic payment system on Saturday will cut off Iranian banks blacklisted by the European Union in an attempt to further strangle Tehran's ability to finance a nuclear program.



Reuters
15 March, 2012

Belgium-based SWIFT, which facilitates the bulk of global cross-border payments, said it would disconnect designated Iranian financial firms from its messaging system on Saturday at 1600 GMT after European regulators ordered the company to do so.

"The EU decision forces SWIFT to take action," SWIFT Chief Executive Lazaro Campos said in a statement on Thursday. "Disconnecting banks is an extraordinary and unprecedented step for SWIFT. It is a direct result of international and multilateral action to intensify financial sanctions against Iran."

SWIFT, or Society for Worldwide Interbank Financial Telecommunication, has been described as the glue of the global banking system, handling daily payments estimated at more than $6 trillion.

Expelling the designated Iranian banks from SWIFT will shut down a major avenue through which Tehran does business with the rest of the world. The West hopes that will pressure Iran into curbing its nuclear program.

For article GO HERE




-- Well I guess they'll wait for this to clear before the SWIFT shutoff on Saturday. The naive will see this as hopeful. "Well the U.S. and Iran are still trading. They wouldn't go to war." The clear-headed map reader will understand that this has less to do with the U.S. government and the Iranian government than it has to do with corporations making profits, regardless of the circumstances.

Iran is stockpiling food hand over fist. It understands Peak Oil and collapse very well. Iran is also obviously preparing for widespread war. -- MCR


Iran buys U.S. wheat again, trade set to grow

Iran has purchased 60,000 metric tonnes (66,139 tons) of U.S. wheat, the U.S. government said on Thursday, raising the two-week tally to 180,000 metric tonnes, which industry sources said reopened grain trade ties between the two countries embroiled in a stand-off over Tehran's nuclear ambitions.



Reuters
16 March, 2012

Iran's purchases of U.S. wheat this year are its first in three years, and the sources said the OPEC member was close to completing purchases of another 220,000 metric tonnes to be shipped as early as April, and in talks with exporters to buy another undisclosed amount.

The price tag for the 400,000 metric tonnes -- 180,000 confirmed and 220,000 yet to be formally declared -- could be around $160 million, export sources said.

Prices were believed to be above world market prices by around $25 to $30 per metric tonne to account for the greater risk shipping grain to the volatile region.

For article GO HERE


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