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From Petrodollar To Petrogold: The US Is Now Trying To Cut Off Iran's Access To Gold
The US is moving to broaden its 'blockade' efforts of Iran to the movement of pure gold into the Islamic Republic. The US-led embargo of Iranian crude succeeded in slowing the flow of petrodollars into the nation but as Foreign Affairs committee chairman Edward Cohen remarked, there is "no question that there is gold going from Turkey to Iran." While the official line from US elite such as Bernanke remains that 'gold is not money' it appears that increasingly other nations would disagree, as Cohen admitted, "in large measure what we're seeing is private Iranian citizens buying gold as a protection against the falling value of Iran's currency." It would seem somewhat self-evident that the US is admitting, by attempting to embargo this gold flow, that outside the US, the Dollar is becoming increasingly irrelevant (see China's gold demand); and that for many countries the petrodollar no longer exists, having been replaced by 'Petrogold'.
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With Iran's currency already hit hard by European and Asian participation in the U.S.-led embargo of Iranian crude, Mr. Cohen asserted that his staff is broadening its efforts to include blocking the movement of pure gold into the Islamic republic.
"I can assure you that we are looking very, very carefully at any evidence that anyone outside Iran is selling gold to Iran," he said.
The remark came after Rep. Edward R. Royce, California Republican and the Foreign Affairs Committee's chairman, asked whether the administration was aware of recent reports indicating an uptick in the flow of gold into Iran.
"With its currency now in free fall, the Iranians desperately need gold," said Mr. Royce, who noted that a U.S. law authorizing the Obama administration to sanction anyone selling gold to citizens inside Iran does not take effect until July 1.
With existing U.S. law only allowing sanctions on the sale of gold directly to the Iranian government, Mr. Cohen told lawmakers the administration is keeping a close eye on the situation.
While Mr. Cohen acknowledged that U.S. authorities have "no question that there is gold going from Turkey to Iran," he said that "in large measure what we're seeing is private Iranian citizens buying gold as a protection to the falling value" of Iran's currency, the rial.
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"They hate us for our freedoms."
Iraq, Libya, Iran, and North Korea have been the only Central Banks outside the control of the Globalist Banking Cabal.
2 down and 2 to go...
You forgot Cuba
Cohen? Is that Jewish?
Coincidence I am sure.
“They” do not want Iranians getting the scarce physical gold. Seems that TPTB and Mister Cohhhen are worried because Iranians want the real thing (not paper) in exchange of their black gold.
Unlike Mexico, who still accepts dollar prints in exchange of oil.
Desperation!
I'd really like to thank ebay's website for shitting the bed when I was about to get 1/2 oz of AU for 660. Nice timing.
<fuck>
Even in the land of one eyed men it can clearly be seen who the terrorist are.
E. Michael Jones, editor of Culture Wars magazine, was in Iran on February 10, 2013, “the day set aside for the celebration of the 34th anniversary of the Iranian Revolution which drove Shah Reza Pahlevi from power and turned Ruhollah Khomeini into a national hero.”
Jones wrote of that visit in “Culture Jihad in Tehran”. Here are excerpts that shine greater light on tough Western sanctions targeting not only Iran’s energy and petrochemical sectors but especially medical patients, and Iran’s economy…and her culture:
“In spite of what you see in movies like Argo, the Islamic Republic of Iran has spent the last 34 years teaching the Iranian people that the fundamental bedrock of social life is submission to the will of God. Like the Mossad, the Masonic republic of America achieves its ends by way of deception…
“America’s Zionist-controlled government is hostile to Iran, not because it possesses or wants to possess nuclear weapons, but because it has taken control of its own culture in a way that the West still finds both puzzling, dramatic, and, ultimately, an affront to everything the regime preaches, from sodomy to usury.
“This is probably the reasoning behind the recent release of Argo , the recent CIA propaganda film demonizing Iranians and lionizing Hollywood Jews. Argo is a perverse tribute to how unsettling the American elites continue to find this successful provincial uprising against their cultural hegemony….
“’[F]reedom’ and ‘revolution’ had already gotten co-opted [in America] when the New York Times put Wilhelm Reich on the cover of its Sunday magazine and resurrected his phrase, ‘sexual revolution,’ as the explanation of what had happened in the ‘60s was the ‘sexual revolution’ leading to ‘freedom.” What happened in Iran in 1979 was clearly something else. It was a counter-revolution. In fact, it was a sexual counter-revolution….
“Hollywood, as I said, is the propaganda ministry for the Zionist-American Imperium. Hollywood achieves its hegemonic goals by way of moral corruption.
“That was the gist of my talk at the Hollywoodian conference, and why I had come to Tehran. It was the gist of more than 30 years of research into the use of sexual liberation as political control…
“The Jewish revolutionaries have never lost their penchant for producing pornography and using it as a form of political control. When the Israeli military rolled into Ramallah in the West Bank on March 30, 2002, one of the first things it did was take over Palestinian TV stations… Shortly after occupying the Al-Watan TV station, the Israeli forces began broadcasting pornography over its transmitter. …
“The only Palestinian station not taken over by Israelis ran a written message at the bottom of its screen claiming that ‘Anything currently shown on Al-Watan and other local TV channels has nothing to do with Palestinian programs but is being broadcast by the Israeli occupation forces. We urge parents to take precautions.’”
President Harry S. Truman addressed this destructive order of world affairs whereby mankind is to be tamed into obedience by the threat of Palestinianization or Iranianization in his unpublished diary entry of July 21, 1947, but failed to do anything about it:
“The Jews have no sense of proportion, nor do they have any judgment on world affairs. The Jews, I find, are very, very selfish. They care not how many Estonians, Latvians, Finns, Poles, Yugoslavs or Greeks get murdered or mistreated as [post-war] Displaced Persons as long as the Jews get special treatment. Yet when they have power--physical, financial or political—neither Hitler nor Stalin has anything on them for cruelty or mistreatment to the underdog.” –Cited in the Washington Post, July 11, 2003
And now, not only European and American companies but Asian companies shy away from investing in Iran or providing dying Iranians medical help in order to avoid US retalitory measures; a mistake by a reputable American or European pharmaceutical company that has completed all the necessary paperwork from the US Treasury’s Office of Foreign Assets Control (OFAC) "could earn a bank the wrath of the US Treasury Department and fines that exceed $1 billion."
http://www.fairobserver.com/article/inhumanity-illegality-sanctions-justify-irans-response
Brahahahahahaha
The Iranians are doing exactly the same thing as Saudi Arabia used to do.
http://fofoa.blogspot.com/2010/03/us-mints-gold-disks-for-oil-payments-to.html
I would not be surprised if Turkey (and India who does the same) told the U.S. to pound sand.
You need gold to make a fission based nuke.
It surrounds the "pit" and keeps it from oxidizing, ensuring a sucessful blast.
Lutefisk is made from aged stockfish or dried/salted whitefish and lye. It is gelatinous in texture, and has an extremely strong, pungent odor.
Sterling silver should never be used in the cooking, serving or eating of lutefisk, which will permanently ruin silver. Stainless steel utensils are recommended instead.
But wait, Mr. COHEN, your jew buddy Ben Bernanke says that "gold is not money"?
Maybe if the US could manipulate the price of gold down it would hurt these damnd Iranians and they could also buy the oil off someone like Turkey at a cheap price?
one more point (3 than)
I don't think I have ever seen this!
There is no small specs long left in COT!
And it looks like they are now going short!
http://snalaska.com/cot/current/charts/GC.png
What is happening?!
What's next? commercials long?
Well, they must, otherwise how they gonna fleece small spec?
I want to see tomorrow's COT!
This is purely a defensive move. Iranian wizards are now able to cast invisibility spells.
A rogue state like Iran cannot be trusted with such stealth technologies.
They could fly a magic carpet over Washington D.C., undetected, and set off an E.M.P.
iPhone traffic could be disrupted for hours.
does China need gold to pay for oil from Iran?
It's all going to end badly for the U.S. But the people who are behind all these aggressive moves will thrive long after the U.S. is reduced to banana belt. They will have simply set up shop in other corners of the world (with all the loot they creamed off the American people).
Iran will survive. It is needed. The U.S. will not survive, it is not needed.
So, the question is: Should average Americans leave too? Or do they tough it out because the parasites will be long gone?It seems like the parasites are leaving (or will). And when does the world get rid of the parasites or do we ever?
syria is supported by iran with help from old putin, iran has alot of control in iraq as well, the saudis are scared shitless about shia minority in yemen and the advances in shite power coming to N africa,rising shia power iran is threatening the mideast. nothing matters more. if oil goes too high we are fucked, if we alllow a major enemy to gain too much power in the region we are fucked.
we can't afford a major war in the mideast, the iranians are not stopping, they are playing the long game and are gaining incremental advantages. we are getting to a desperete point while they are getting more secure. we are fucked
Incredible viewpoint; how dare the Iranians try to keep from starving and keep from being fire bombed from the air. How dare they have the audacity to try and survive against the Zionist tsunami.
Americans are the key to the freedom of the world. And this last superpower is teetering on the edge of being lost completely to tyranny. Would that the Americans would only realize that the list of people to be targeted that now includes Iranians also includes Americans.
How one confiscates oil and real money, physical gold ( an increasingly controversial store of value ) pardon me, "not money".
Simple, create an "event" in the Middle East, blame Iran, and invade.
With one invasion/stone 2 birds, a black and a golden one.
One is sure that when the time is right a favorable invent will materialize promptly.
The day is fast approaching that only gold will buy oil.