This page has been archived and commenting is disabled.
China Tells U.S. What It Can Do With Its Iran Oil Import Sanctions
While the US magnanimously decided to exempt several nations from U.S. sanctions on Iranian oil imports, it appears the Chinese government has indicated it has no plans to change its position on oil purchases from Iran. As Voice of America reports, China's FinMin spokesman Liu Weimin said the purchases are necessary, because of its economic development, describing their 'purchase channels' as 'completely legal' and 'normal, open, and transparent'. China is the world's largest buyer of Iranian oil and is the last remaining major importer exposed to possible penalties when the U.S. sanctions are imposed, likely later this month. When asked if China and the United States are still in discussion about the sanctions, the spokesman would only say that Beijing has clearly informed Washington of its position. China's purchases of oil from Iran declined earlier this year, but analysts say the cutback was the result of a price dispute. Purchases went back up in April and have continued. Raise to you Hillary.
»
- 18504 reads
- Printer-friendly version
- Send to friend
- advertisements -
China doesn't seem to be acting like a compliant US vassal. Mighty uppity of them.
/sarc
China vowed revenge for that gunboat diplomacy way back when. The Big Stick turns into an ugly stick when turned around and used on the former abuser. Payback is a bitch........bitch.
http://en.wikipedia.org/wiki/Gunboat_diplomacy
Hillary: Oh yeah, well, we will just go ahead and release the remake of Red Dawn with China as the bad guy!
China: Not in our movie theatres you won't.
This will just make the transition from dollars to yuan as the global reserve currency easier here in the good old USA.
Movie goer - "Two for the new (GM) Cars movie please."
Cashier - "That will be 893 dollars or 2 yuan please."
:)
That dude got air Tyler, BOOM!
Fuck you round-eye!
And remember that "All your drone chips are belong to us!"
China is the world's largest buyer of Iranian oil and is the last remaining major importer exposed to possible penalties when the U.S. sanctions are imposed, likely later this month.
Exposed to possible penalties?
Are you serious?
When we're begging them to buy our (soon-to-be-worthless) treasury debt?
US govt has been kissing China's ass last 10 years.
Rand Paul endorsed the Iranian sanctions and romney. Like father NOT like son..
Was that ButterBean? Sure looks like a lot of the guys I see at Wal-Mart. I think the picture is very appropriate. Very nice choice by the Tylers.
I hope China doesn't ask Hillarity to stop importing a million barrels a day from an absolute monarchy that tortures it's citizens yearning for freedom and imposes sharia law on the people it owns...
http://en.wikipedia.org/wiki/Politics_of_Saudi_Arabia
The Saudi Royals are way worse than the Iranian clerics when it comes to human rights. How many of the hijackers were Iranian? The State Department has no interest in prosecuting the main prop that holds the Empire of Debt together. Without the petrodollar there is no 5th fleet and extra large expense reimbursments and pensions for the diplomatic corp.
that's because they are crypto zionists...
I love the smell of sweet hypocrisy in the morning
http://www.wtop.com/289/2377364/US-Russia-sending-Syria-attack-helicopters
Rep. Ileana Ros-Lehtinen, chairwoman of the House Foreign Affairs Committee, urged a tougher U.S. response. She accused Russia of enabling repression by Syria and its ally Iran.
Ros-Lehtinen needs to get her boney ass up to the front and start carrying her load. America is enabling repression in Palestine. What is Ros-Lehtinen doing about US made white phosphorus and cluster bombs carpeting the civilians of the open-air concentration camp - AKA Gaza??
so true.
they torture their citizens,
we torture eveyone else
we use their citizens
to blow up our own citizens
so we can blow up their neighbor's citizens
oil
and they said crack makes you crazy.
Well said Davey.
Anyone who participates in another illegal American war is a fuckin criminal. No one can claim to be naive at this point.
That was brilliant. Absolutely fantastic job. :-)
Speaking about the USA.
America could bribe Iraq and Libya military to win.
Since bribes don't work in Afghanistan against Taliban, the fucking Obama war in Afghanistan is a catastrophe. The same shit has happened in Vietnam.
Does any one in his/her sound mind think America is ready to start a war with China?
re. Does any one in his/her sound mind think America is ready to start a war with China?
No, but that won't even slow down the Zions when they feel it will work for them. 3,000 Americans were murdered on 9/11.
When viewed in conjunction with Russia's latest posturing in Syria (and on other subjects), this could turn into a pretty ugly "dispute."
The reason Hillary is a good synonym for US policy is because we have no balls. Just a constant state of PMS.
Permanent Macho Syndrome
sending a woman who the US says stands for female equality and power yet who stood by her man while he screwed everything in sight so she could gain political advange pretty much sums up our international policy and how the world looks at us
Nice. Very nice.
Can I steal that for a future article? :>)
as Rudolph said, "It would be an honor sir" 1.
1. This allegory was in no way meant to reflect relative weights
Don't hate the player, hate the game.
Why does one have to choose when both clearly deserve to be hated?
That is so damn in your face logical, I love it. Brilliant.
wow. Never really thought of it that way... but... wow.
And of course the one who actually COMMITTED the adultery enjoyed very high approval ratings while being impeached over HIS lying about the same. It takes a very powerful woman to swallow her Christian puritanical monogamous illusions for future power. That must be why you hate her.
We don't have to side with one of them, we are not their children... we're allowed to dislike both. Isulting her does not mean we approve of him more. Stop thinking in terms of trade balances.
You are on fire today. Fantastic portrayal.
Excuse me but I believe Hilary has a set of nuts
Bills? In a little wooden box.
Internal or conformal carriage?
GP-We(America) posture, Russia and China are forced to respond.
And here's Part 1 of the deal as I remember it.
Uncle Slammer says if you buy oil from Iran, you'll be excluded from any US based/related international payments system. Read Fed wire, SWIFT, etc.
Then several countries (who we love dearly as they're paragons of peace, freedom, democracy, etc., my ass) get exemptions.
So China says; "WTF? Like I'm your fucking landlord, Jackass. You no wanna pay me?"
Could that be an "Opppps!"?
Part 2.
Under international law/treaties (no I don't remember and am not going back to find it again, so don't ask) to close any sovereign entity out of such payments system constitutes and Act of War.
WTF, just don't want 'em to use $US, right?
Maybe "Opppps!" number 2?
Just like Our Big Sammy considers an CyberWhateverTheFuck it's called these days to be an Act of War.
"Oppps!" #3?
So, will China stop buying Tresauries? Will they sell any? Just let them roll off? Demand gold (physical if they really wanna get prickly) as a medium of exchange for all the trinkets, shit and iPads they sell us?
Oh well. Back to Dancing with the Tzars
We may be able to credit this policy as a major step taken to end the dollar as the global currency. Things have already been moving in that direction...
Ya gotta wonder if anyone with a brain can be found in the State Department -- Good job!
Actually, the Chinese are grateful that US sanctions created a buyer's market for Iranian oil, and let them pick it up at a cheaper price. We bankrupt our country on imperial schemes, while they sit quietly collecting cheap oil. Thank you Yankee friend. I buy you beer some time.
GENIUS! You are truly an evil genius. BRILLIANT!
Second that. The criminal is often his own worst enemy.
Reminds me of a closing argument a long time ago in a case where the defendant's attorney argued that the witness must be lying because the defendant would never do that because it would be a very dumb and self defeating thing to do. In rebuttal, I simply said "you know, the really brilliant criminals, you never see them in here.
The Chinese do not realize that oil is the "energy of the past" just yet.
Yes, the barbaric black relic of the uncivilized peoples.
Coulda said somethin' about the Obamatron here, chose to take the high ground instead.
Ditto gold: same thing happening there. The question becomes has this all been fixed? Is this the pay up to China for selling them all that crap?
If so, what else is part of the bargain?
R Paul can follow the former Ft Knox GLD all the way to China-man land.
Payback is definitely one, but we haven't had it yet not by a longshot. When China really give it to the US, it will really hurt and hurt bad.
China has already bitch-slapped the Obama Admin several times. China will not change their stance on this matter.
The US is playing a very dangerous game. This could end the current swift systems monopoly and the dollar hegemony.
Dangerous game for who? The dollar doesn't help the ordinary citizen. Try living off Treasuries and CD's today! No thankyou. The monopoly game has put most american consumers on borrowed time living on the edge of Baltic Avenue, with get-out-of-jail free passes in an endless loop of defunct Habeas corpus via 'the tomfoolery bernak' esoteric Modus operandi, period! Serfdom to the nth degree - is as close as freedom can get without crossing the threshold into totalitarianism! Screw thy hegemony to the Wall,... the Chinese Wall, and let my people go!!!
ZIRP only keeps the lie alive!
jmo
That sir, was a most excellant rant:)
It's almost as if they (the US PTB) want to instigate a war...
I think their skitzo. Some part wants war, some part won't play, ie. Admiral Fallon and his lil'bit toady seeming successor.
Cheers Admiral Fallon.
Ya gotta wonder which system the drug-runners at the CIA would choose...
At this particular moment in history, China would bitch slap any arrogant six grader president of a 300 million classroom thinking it runs the world with no coins left in the piggybank
Ask yourself this,... do you feel lucky to have such an Avant`garde central-planner ruling over your USSA?
Ps. Chairman Mao Zedong held 300 million captive working slaves during his period of greatness in which 50-100 million died!
Davey - you're on fire this AM.
Is Michelle jealous?
Boom, bitchez!
So I guess it's about time to go in there & show 'em who's boss (like in Grenada & other places)...
+ for good parody
Uchtdorf - we say sarc
Like there's this html tag /sarc
No worries. Essarat means do what you want.
Yes to Francis and his we can beat up Grenada, so watch yourself China.
Maybe the next war will be a Civil one?
actually china has a few hundred million extra young males they wouldn't mind getting rid of
azz - ask not for whom the bell tolls. It tolls for thee.
Nice the Chinese tells us to go pound salt, is anyone surprised??????
Look if we're gonna have WW3, why not just Get 'r Done and stop all this ballet crap, this is where they want us to go isn't it????? YMMV
Where's that picture of Timmy bowing down to the Chinese President? William???
And that was a very low bow. For those that don't know these things, that was about as bad as it can get. We are China's bitch.
So are you saying it wasn't a 'shit' bow?
Remember the SNL skit with the Premier totally insulting Obama? That fits here if anyone has the link. OK, I found the link. Sorry you have to suffer through a commerical first, but there are over six minutes of exquisite humiliation of Obama and US economic policy that follows.
http://www.nbc.com/saturday-night-live/video/china-cold-open/1178451/
Willliam Banzai could also weave Timma's bow into a hilarious image around the Chinese refusal to kiss US ass over an Iranian oil embargo.
I had to jump into this thread because it is the best I have seen in a while. The commenters are pretty much in complete agreement for a change. I wish Congress could be forced to read the comments with their eyelids pinned back. They are the jackasses who backed us into this corner with no power to get our way. The Obama administration is reduced to acting like a puffer toad. All we can do is stand on our tiptoes with our neck puffed up to scare our adversaries. And the only thing stopping our adversaries from calling our bluff is that, well, toads don't taste so good.
We make a paper tiger look dangerous.
Every time I see that SNL skit, I crack up! :>D
I don't think we're going to have ww3. China would dump treasuries, refuse to export any iThings, chips, or flat screens, and that would be it. Big perfectly legal nut squeeze for America.
It wouldn't surprise me if most of the microprocessors that run the military have "Made In China" or "Made In Taiwan" stamped on them.
They're all stamped "made in USA" or "made in Japan" but the stamp is fraudulent.. they're all made in China and have backdoors to their code embedded. How that code can be accessed to shut down the device is the question... I suspect that damn near everything we have in military comm gear is worthless in a fight...
They mean the stamp was made in USA.
How did the Persians capture that drone?
US: We have ICBMs.
China: We also have ICBMs and US Treasuries.
Too funny.
BTW.....what is the thermonuclear yield of those US Treasuries when they are delivered back to the US for final redemption?
what's the thermal output of 79 trillion in Interest rate swaps and credit default swaps burning if 2 trillion in Treasuries are sold onto the market? I'd guess a Megaton or so.
There are about 12 BTUs in a dollar bill, or so I have read.
It's a bitch isn't it. Burn it, eat it or save it for the toilet. Decisions, decisions.
that's the wonderful thing about fiat, it is very versatile
dunno but it's a splitting headache for Bubble Ben and 3 weeks of migrane for Geithner
He say roundeye need to Baidu "fiat winter".
So bad. :)
Baidu search blocked by the USA Homeland Security censor bot. Maybe I can do the search in China and get some actual results.
I can get it, but it's not in Engrish.
What’s the yield of over $79 Trillion notional derivatives just at BAC alone, most of which is mingled with the deposit books?
What's a coupla $Trillion AMPLIFIED by fractional reserve banking practices?
China needs the oil for their navy, farm machinery, and ships to send toxin filled crap to the U.S. to sell.
Meanwhile; U.S. Corporation profits and Government corruption at all time highs.
China can dump over a trillion dollars of USTs on the market anytime they please. This is now the fundamental underlying dynamic between the two countries.
Benny the pooper-scooper and pervert of any free market he doesn't like the look of is at the ready
Can anyone define what exactly traded to the US for all those T-bonds? [edit] Acreage to set KFCs on? Seriously.
Now that China has a direct line to the treasury market bypassing Wall St couldn't the Fed just disconnect that line if China started dumping USTs en masse? or is that line for purchases only?
Given that china could *accumulate* trillions in treasuries without any problem to date, I think this pretty much says they need a close relationship for something other than accumulation.
In fact, china may have already told the US, "We are going to start dumping" and the Fed said, "let us get you the best return". Who could say no to that?
China will lie about what they hold, and if the fed is gobbling it up, the fed will lie about what they hold too. No one will be any the wiser until much later on.
All speculation of course, what does this dumb redneck know ...
Regards,
Cooter
“China has a direct line to the treasury”
-- all circuits are busy now.. please hang up and try your call again later.… all circuits are busy now.. please hang up and try your call again later all circuits are busy now.. please hang up and try your call again later--
China seems to be getting a lot of PM at good prices. China and the Fed want POG held down for now.
China announced the Pan Asian Gold Exchange openning in October 2011, then June 2012, then not openning at all. WTF??
PAGE was the opportunity to strip away the paper games via a market with actual price discovery.
That makes a lot of sense boss - thanks.
What's your take on the exposure of CDS in some of the major US financial institutions.
Make sense that might be what kills the USD (loss of confidence in our TBTF's)?
Self defeating.
ultimately, yes, always
They sometimes refer to it as "life support"... China makes everything and they send us money to "buy" everything... so they seem to hold the cards. But since we're not into playing that game, I think this entire theatrical moment is so we can justify using the only industry we still sort of have, the military industrial complex. I know, much of it is migrating overseas, but the point is, what's left here is still our financial burden, and they plan to make that as painful a burden as possible. What better way to kick that off than to collapse the currency and the treasuries, which collapses the wealth of whatever is remaining here in the country?
We are doomed if we look at this as China vs US. Did we not learn anything from the Paul / Mitt / Obamination incident?
Hilary will be getting her knickers in a twist right about now
not that Bill goes there much anymore but it's another US sanction of sorts
so 'Ere We Go' then... balls in Americas court, usual ego-maniac spitting the dummy out the pram US foreign policy to follow (can't wait!)
I suspect Billy boy ain't seen the inside of those knickers in 20 years and good on him
Fuck yeah!!!!!!
Now why would China comply? The oil markets are already allowing them to fill up their reserves at a discount. My guess is that Iran is offering favorable terms. In the mean time we talk about releasing oil from the SPR that we bought at $140 a barrel just to take pressure off of the president's election chances.
Obama's gonna have to fly out there himself and handle some business....
http://www.youtube.com/watch?v=usVTCx7t2WA
Like that will fix anything.
He'd probably lose his crack pipe and misread the prompter, insulting the Chinese and ..... War!
Vote for Silver
http://www.youtube.com/watch?v=CdhYNNFVwcI&feature=plcp
did butterbean win that fight?
No, it lasted 47 seconds.
Butterbean vs AZN MMA
http://www.youtube.com/watch?v=a9xgmIdE1N4&feature=related
Hillary. RELEASE THE KRAKEN!
http://www.youtube.com/watch?v=gb2zIR2rvRQ&feature=related
which should Hillary fix first the China/Iran oil thing or Russia sending attack helicopters to Syria.. or maybe she can handle both at the same time ?
http://www.wtop.com/289/2377364/US-Russia-sending-Syria-attack-helicopters
*waiting for US to invade iRan*
https://www.youtube.com/watch?v=654H4xfDYKM
Sounds like we're building a case for "Moral Justification". God only knows what the WH is planning to do with it...
It makes me wonder when the USA will stop slitting its own throat and at its own expense.
How sad must a nation become before it wakes up to what it is doing to the prospects of its people?
Maybe it is not the USA that is sitting on its throat.
You wonder why the world hates the "ugly" american eh? The ugly american is fat, lazy, smelly hypocrit that watches american idol. He claims he's god fearing and inisists his way of life is the best in the world. Well, WWII is over and the world is tired of him.
Not all of us are nasty lol.
you must be speaking to american "exceptionalism"
Yup, the 'American' ain't what he used to be. And if our govt is a reflection of the people, it's over.
Oil soon to be quoted in Yuan and gold.
Weak response from China.
Standing up to the bully.
Poor Hillaryious...... have you seen that chick on TV lately? She looks like hell. Why don't she just "R-U-N-N-O-F-T"? Man, those egos in DC will kill the host.
the US is merely setting the proverbial trap for Russia/China (insert your national flavor here) cuz everyone in the world needs to be "nice" like us. ;-)
/sarc stuck...
We are going to punish China for disobeying us? That is really funny. I think not.
Too bloody right to! China should tell the world ruler and war mongers in the USA to go fuck themselves. China should bargain for a good price and them buy every drop of cheap Iranian oil they can get!
Fuck the sanctions, who in fuck's name made the USA god? China needs to do as they please.
"who in fuck's name made the USA god?" ISRAEL of course ,we employee it's BEST and Brightest in our financial Syndicate
Meanwhile India was included in the list..while the INR is at all time low.
India flouts US sanctions,
India hit with attacks on Israel interests
India rolls back retail dereg and pension liberalization
India picks French for Fighter Contract
India proposes gold tariffs
India buying Russian sub & carrier
India launching comms satellites
India tells Panetta US should re assess its Asia "pivot"
India threatened with S&P downgrade...
Math?
No offense but link please?
Thanks in advance.
from startpage:
http://nationalinterest.org/blog/the-skeptics/about-pivot-asia-7036
http://news.xinhuanet.com/english/world/2012-06/07/c_131637633.htm
Nemesis: The Last Days of the American Republic. Chambers Johnson; "A nation can be one or the other, a democracy or an imperialist, but it can’t be both. If it sticks to imperialism, it will, like the old Roman Republic, on which so much of our system was modeled, like the old Roman Republic, it will lose its democracy to a domestic dictatorship"
oldrepublic,I'm not the crying type.I cried after I finished nemesis.
Written in 2007. A lot's happened since then.
From the Amazon review.
"In his stunning conclusion, Johnson suggests that financial bankruptcy could herald the breakdown of constitutional government in America--a crisis that may ultimately prove to be the only path to a renewed nation."
... could herald the breakdown of constitutional government in America?
Gone with the wind.
I no speak a eng-ish
It's getting a bit on the hairy side. Almost finished reading "upside of down" by Thomas Homer-Dixon on how ancient civilizations fell. Persistantly pointed out how once it goes from high 'energy return on investment' (eroi) to low eroi to just to maintain a civilizatiions standard of living we're approaching the edge of the petri dish.
China say:
"Fluck you Chollie. We read Rich Dad Poor Dad.
Guess who you?"
If Mittens gets elected, does Hilary get the boot?
The Italian boot that is, working as a consulate.
No insightful lecture on us citizenism from ananonymous?
Hillary is holding 2-7 offsuit. She check-raises.
I think that's supposed to read pants-suit... and I for one sure as hell don't want to see it off.
Apparently neither did Bill.
never heard of cum stains on the pant suit did you
if i were a chinaman, i would tell obama and clinton to go fuck themselves...
Hell, I'm not even Chinese and I think Obama and Hilary should go fuck themselves
for some reason I'm reminded of Chinese fire drill. I believe that's where you stop the car, everybody gets out and runs around like a bunch of crazy ants, and then piles back into the car...
We already responded; we said, "Nuts."
LOL! I just asked myself the same thing and figured someone else commented on it being Butter Bean. When he retires he needs to play Curly in a Three Stooges remake.
Good for Iran !
Israel Did 9-11 ~
http://IsraelDid9-11.com/
America's enthusiasm for punishing Iran is part of the Neocon's & Obama's "Kiss Israel's Butt no Matter What" Policy.
If the US was serious about stopping terrorism they would support the "Boycott Divest Sanctions" Program against Israel.
http://www.bdsmovement.net/
Wowl, is that the 'Butter Bean' in the picture getting dropped kicked? What a great figure to represent the US: Obese, Bloated, Bald, Un-coordinated and plodding into harm's way.