Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
The Myth of “Isolated” Iran: Following the Money in the Iran Crisis
from TomDispatch:
The Myth of Isolated Iran
Following the Money in the Iran Crisis
By Pepe Escobar
Let's start with red lines. Here it is, Washingtons ultimate red line, straight from the lions mouth. Only last week Secretary of Defense Leon Panetta said of the Iranians, Are they trying to develop a nuclear weapon? No. But we know that they're trying to develop a nuclear capability. And that's what concerns us. And our red line to Iran is do not develop a nuclear weapon. That's a red line for us.
How strange, the way those red lines continue to retreat. Once upon a time, the red line for Washington was enrichment of uranium. Now, its evidently an actual nuclear weapon that can be brandished. Keep in mind that, since 2005, Iranian Supreme Leader Ayatollah Khamenei has stressed that his country is not seeking to build a nuclear weapon. The most recent National Intelligence Estimate on Iran from the U.S. Intelligence Community has similarly stressed that Iran is not, in fact, developing a nuclear weapon (as opposed to the breakout capacity to build one someday).
What if, however, there is no red line, but something completely different? Call it the petrodollar line.
Banking on Sanctions?
Lets start here: In December 2011, impervious to dire consequences for the global economy, the U.S. Congress -- under all the usual pressures from the Israel lobby (not that it needs them) -- foisted a mandatory sanctions package on the Obama administration (100 to 0 in the Senate and with only 12 no votes in the House). Starting in June, the U.S. will have to sanction any third-country banks and companies dealing with Irans Central Bank, which is meant to cripple that countrys oil sales. (Congress did allow for some exemptions.) ................(more)
The complete piece is at: http://www.tomdispatch.com/post/175490/tomgram%3A_pepe_escobar%2C_sinking_the_petrodollar_in_the_persian_gulf/#more (follows an intro titled 'Pepe Escobar, Sinking the Petrodollar in the Persian Gulf')
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
2 replies, 1195 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
2 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
The Myth of “Isolated” Iran: Following the Money in the Iran Crisis (Original Post)
marmar
Jan 2012
OP
polly7
(20,582 posts)1. Thank you for this.
Pepe Escobar summarizes it all so well, and in detail ......... fantastic read.
bemildred
(90,061 posts)2. Excellent exposition of the delusional isolation of the US Government. nt