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China Tells U.S. What It Can Do With Its Iran Oil Import Sanctions

Tyler Durden's picture




 

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.

 

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Tue, 06/12/2012 - 14:03 | 2518703 Cognitive Dissonance
Cognitive Dissonance's picture

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

Tue, 06/12/2012 - 14:10 | 2518732 hedgeless_horseman
hedgeless_horseman's picture

 

 

Raise to you Hillary.

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.

Tue, 06/12/2012 - 14:13 | 2518762 Cognitive Dissonance
Cognitive Dissonance's picture

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."

:)

Tue, 06/12/2012 - 14:14 | 2518779 tocointhephrase
tocointhephrase's picture

That dude got air Tyler, BOOM!

Tue, 06/12/2012 - 14:32 | 2518859 Pladizow
Pladizow's picture

Fuck you round-eye!

Tue, 06/12/2012 - 18:41 | 2519821 Shineola
Shineola's picture

And remember that "All your drone chips are belong to us!"

Tue, 06/12/2012 - 20:59 | 2520078 cranky-old-geezer
cranky-old-geezer's picture

 

 

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.

Tue, 06/12/2012 - 14:33 | 2518867 A L I E N
A L I E N's picture

Rand Paul endorsed the Iranian sanctions and romney.  Like father NOT like son..

Tue, 06/12/2012 - 14:45 | 2518920 HoofHearted
HoofHearted's picture

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.

Tue, 06/12/2012 - 14:19 | 2518794 ZerOhead
ZerOhead's picture

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

Tue, 06/12/2012 - 15:17 | 2518864 Lucius Corneliu...
Lucius Cornelius Sulla's picture

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.

Tue, 06/12/2012 - 15:20 | 2519072 john39
john39's picture

that's because they are crypto zionists...

Tue, 06/12/2012 - 15:20 | 2519073 azzhatter
azzhatter's picture

I love the smell of sweet hypocrisy in the morning

Tue, 06/12/2012 - 22:14 | 2520200 Bringin It
Bringin It's picture

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??

Tue, 06/12/2012 - 14:34 | 2518870 DaveyJones
DaveyJones's picture

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.

Tue, 06/12/2012 - 22:16 | 2520076 Bringin It
Bringin It's picture

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.

Tue, 06/12/2012 - 21:36 | 2520133 Ranger4564
Ranger4564's picture

That was brilliant.  Absolutely fantastic job.  :-)

Tue, 06/12/2012 - 20:21 | 2520018 caconhma
caconhma's picture

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? 

Tue, 06/12/2012 - 21:00 | 2520084 Bringin It
Bringin It's picture

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.

Tue, 06/12/2012 - 14:07 | 2518741 Gene Parmesan
Gene Parmesan's picture

When viewed in conjunction with Russia's latest posturing in Syria (and on other subjects), this could turn into a pretty ugly "dispute."

Tue, 06/12/2012 - 14:16 | 2518785 Bollixed
Bollixed's picture

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

Tue, 06/12/2012 - 14:29 | 2518843 DaveyJones
DaveyJones's picture

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 

Tue, 06/12/2012 - 14:39 | 2518901 Cognitive Dissonance
Cognitive Dissonance's picture

Nice. Very nice.

Can I steal that for a future article? :>)

Tue, 06/12/2012 - 15:44 | 2518911 DaveyJones
DaveyJones's picture

as Rudolph said, "It would be an honor sir" 1.

 

1. This allegory was in no way meant to reflect relative weights

 

Tue, 06/12/2012 - 15:22 | 2519085 post turtle saver
post turtle saver's picture

Don't hate the player, hate the game.

Tue, 06/12/2012 - 18:20 | 2519764 Max Hunter
Max Hunter's picture

Why does one have to choose when both clearly deserve to be hated?

Tue, 06/12/2012 - 21:43 | 2520146 Ranger4564
Ranger4564's picture

That is so damn in your face logical, I love it.  Brilliant.

Tue, 06/12/2012 - 16:01 | 2519250 kridkrid
kridkrid's picture

wow.  Never really thought of it that way... but... wow.

Tue, 06/12/2012 - 18:23 | 2519775 donsluck
donsluck's picture

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.

Tue, 06/12/2012 - 21:46 | 2520153 Ranger4564
Ranger4564's picture

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.

Tue, 06/12/2012 - 21:44 | 2520148 Ranger4564
Ranger4564's picture

You are on fire today.  Fantastic portrayal.

Tue, 06/12/2012 - 15:21 | 2519081 azzhatter
azzhatter's picture

Excuse me but I believe Hilary has a set of nuts

Tue, 06/12/2012 - 16:07 | 2519282 neidermeyer
neidermeyer's picture

Bills? In a little wooden box.

Tue, 06/12/2012 - 23:19 | 2520297 Cthonic
Cthonic's picture

Internal or conformal carriage?

Tue, 06/12/2012 - 14:37 | 2518871 Cyrano de Bivouac
Cyrano de Bivouac's picture

GP-We(America) posture, Russia and China are forced to respond.

Tue, 06/12/2012 - 14:17 | 2518792 knukles
knukles's picture

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

Tue, 06/12/2012 - 14:53 | 2518952 Lucius Corneliu...
Lucius Cornelius Sulla's picture

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...

Wed, 06/13/2012 - 06:31 | 2520734 StychoKiller
StychoKiller's picture

Ya gotta wonder if anyone with a brain can be found in the State Department -- Good job!

Tue, 06/12/2012 - 14:26 | 2518827 Lost My Shorts
Lost My Shorts's picture

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.

Tue, 06/12/2012 - 15:22 | 2519086 Raymond K Hessel
Raymond K Hessel's picture

GENIUS!  You are truly an evil genius.  BRILLIANT!

Tue, 06/12/2012 - 15:40 | 2519142 DaveyJones
DaveyJones's picture

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.

Tue, 06/12/2012 - 15:50 | 2519194 Chuck Walla
Chuck Walla's picture

The Chinese do not realize that oil is the "energy of the past" just yet.

Tue, 06/12/2012 - 16:22 | 2519382 HurricaneSeason
HurricaneSeason's picture

Yes, the barbaric black relic of the uncivilized peoples.

Wed, 06/13/2012 - 06:32 | 2520736 StychoKiller
StychoKiller's picture

Coulda said somethin' about the Obamatron here, chose to take the high ground instead.

Tue, 06/12/2012 - 15:48 | 2519181 ArrestBobRubin
ArrestBobRubin's picture

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?

Tue, 06/12/2012 - 16:58 | 2519520 lakecity55
lakecity55's picture

R Paul can follow the former Ft Knox GLD all the way to China-man land.

Tue, 06/12/2012 - 20:53 | 2520073 Buck Johnson
Buck Johnson's picture

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.

Tue, 06/12/2012 - 14:00 | 2518706 chinaguy
chinaguy's picture

China has already bitch-slapped the Obama Admin several times. China will not change their stance on this matter.

Tue, 06/12/2012 - 14:20 | 2518804 casey13
casey13's picture

The US is playing a very dangerous game. This could end the current swift systems monopoly and the dollar hegemony.

Tue, 06/12/2012 - 15:00 | 2519004 earleflorida
earleflorida's picture

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

Tue, 06/12/2012 - 15:08 | 2519033 Lucius Corneliu...
Lucius Cornelius Sulla's picture

That sir, was a most excellant rant:)

Tue, 06/12/2012 - 15:05 | 2519024 Gene Parmesan
Gene Parmesan's picture

It's almost as if they (the US PTB) want to instigate a war...

Tue, 06/12/2012 - 22:20 | 2520100 Bringin It
Bringin It's picture

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.

Wed, 06/13/2012 - 06:34 | 2520740 StychoKiller
StychoKiller's picture

Ya gotta wonder which system the drug-runners at the CIA would choose...

Tue, 06/12/2012 - 14:56 | 2518981 DaveyJones
DaveyJones's picture

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 

Tue, 06/12/2012 - 15:11 | 2519038 earleflorida
earleflorida's picture

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!   

Tue, 06/12/2012 - 21:23 | 2520114 Bringin It
Bringin It's picture

Davey - you're on fire this AM.

Tue, 06/12/2012 - 14:58 | 2518991 Uncle Remus
Uncle Remus's picture

Is Michelle jealous?

Tue, 06/12/2012 - 14:00 | 2518707 catacl1sm
catacl1sm's picture

Boom, bitchez!

 

Tue, 06/12/2012 - 14:27 | 2518832 francis_sawyer
francis_sawyer's picture

So I guess it's about time to go in there & show 'em who's boss (like in Grenada & other places)...

Tue, 06/12/2012 - 15:11 | 2519042 Uchtdorf
Uchtdorf's picture

+ for good parody

Tue, 06/12/2012 - 21:32 | 2520126 Bringin It
Bringin It's picture

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?

 

Tue, 06/12/2012 - 15:25 | 2519094 azzhatter
azzhatter's picture

actually china has a few hundred million extra young males they wouldn't mind getting rid of

Tue, 06/12/2012 - 21:33 | 2520130 Bringin It
Bringin It's picture

azz - ask not for whom the bell tolls.  It tolls for thee.

Tue, 06/12/2012 - 14:01 | 2518710 NemoDeNovo
NemoDeNovo's picture

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

Tue, 06/12/2012 - 14:12 | 2518768 Not Too Important
Not Too Important's picture

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.

Tue, 06/12/2012 - 14:29 | 2518839 Budd aka Sidewinder
Budd aka Sidewinder's picture

So are you saying it wasn't a 'shit' bow?

Wed, 06/13/2012 - 03:03 | 2520622 Demologos
Demologos's picture

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.

Wed, 06/13/2012 - 06:45 | 2520760 StychoKiller
StychoKiller's picture

Every time I see that SNL skit, I crack up! :>D

Tue, 06/12/2012 - 14:19 | 2518803 Cast Iron Skillet
Cast Iron Skillet's picture

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.

Tue, 06/12/2012 - 15:02 | 2519017 Lucius Corneliu...
Lucius Cornelius Sulla's picture

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.

Tue, 06/12/2012 - 16:14 | 2519346 neidermeyer
neidermeyer's picture

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...

Tue, 06/12/2012 - 16:25 | 2519396 HurricaneSeason
HurricaneSeason's picture

They mean the stamp was made in USA.

Tue, 06/12/2012 - 21:35 | 2520132 Bringin It
Bringin It's picture

How did the Persians capture that drone?

Tue, 06/12/2012 - 14:03 | 2518718 cossack55
cossack55's picture

US: We have ICBMs.

China: We also have ICBMs and US Treasuries.

Tue, 06/12/2012 - 14:05 | 2518725 Cognitive Dissonance
Cognitive Dissonance's picture

Too funny.

BTW.....what is the thermonuclear yield of those US Treasuries when they are delivered back to the US for final redemption?

Tue, 06/12/2012 - 14:10 | 2518757 patb
patb's picture

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.

Tue, 06/12/2012 - 14:12 | 2518765 urbanelf
urbanelf's picture

There are about 12 BTUs in a dollar bill, or so I have read.

Tue, 06/12/2012 - 15:11 | 2519039 No Euros please...
No Euros please we're British's picture

It's a bitch isn't it. Burn it, eat it or save it for the toilet. Decisions, decisions.

Tue, 06/12/2012 - 15:46 | 2519172 viahj
viahj's picture

that's the wonderful thing about fiat, it is very versatile

Tue, 06/12/2012 - 14:13 | 2518767 Zero Govt
Zero Govt's picture

dunno but it's a splitting headache for Bubble Ben and 3 weeks of migrane for Geithner

Tue, 06/12/2012 - 14:13 | 2518771 Uncle Remus
Uncle Remus's picture

He say roundeye need to Baidu "fiat winter".

Tue, 06/12/2012 - 14:17 | 2518787 Cognitive Dissonance
Cognitive Dissonance's picture

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.

Tue, 06/12/2012 - 14:20 | 2518809 Uncle Remus
Uncle Remus's picture

I can get it, but it's not in Engrish.

Tue, 06/12/2012 - 15:09 | 2518986 Manthong
Manthong's picture

What’s the yield of over $79 Trillion notional derivatives just at BAC alone,  most of which is mingled with the deposit books?

Wed, 06/13/2012 - 06:47 | 2520763 StychoKiller
StychoKiller's picture

What's a coupla $Trillion AMPLIFIED by fractional reserve banking practices?

Tue, 06/12/2012 - 14:03 | 2518721 ebworthen
ebworthen's picture

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.

Tue, 06/12/2012 - 14:04 | 2518723 icanhasbailout
icanhasbailout's picture

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.

Tue, 06/12/2012 - 14:07 | 2518739 Zero Govt
Zero Govt's picture

Benny the pooper-scooper and pervert of any free market he doesn't like the look of is at the ready

Tue, 06/12/2012 - 14:15 | 2518776 ParkAveFlasher
ParkAveFlasher's picture

Can anyone define what exactly traded to the US for all those T-bonds?  [edit] Acreage to set KFCs on?  Seriously. 

Tue, 06/12/2012 - 14:30 | 2518835 Paul Atreides
Paul Atreides's picture

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?

Tue, 06/12/2012 - 14:45 | 2518922 CrazyCooter
CrazyCooter's picture

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

Tue, 06/12/2012 - 15:17 | 2519058 Manthong
Manthong's picture

“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--

Tue, 06/12/2012 - 21:45 | 2520150 Bringin It
Bringin It's picture

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.

Wed, 06/13/2012 - 01:06 | 2520487 DTCC 1999
DTCC 1999's picture

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)?

Tue, 06/12/2012 - 14:13 | 2518774 Killer the Buzzard
Killer the Buzzard's picture

Self defeating.

Tue, 06/12/2012 - 14:14 | 2518780 Zero Govt
Zero Govt's picture

ultimately, yes, always

Tue, 06/12/2012 - 22:05 | 2520173 Ranger4564
Ranger4564's picture

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?

Tue, 06/12/2012 - 14:09 | 2518724 Zero Govt
Zero Govt's picture

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!)

Tue, 06/12/2012 - 15:27 | 2519099 azzhatter
azzhatter's picture

I suspect Billy boy ain't seen the inside of those knickers in 20 years and good on him

Tue, 06/12/2012 - 14:05 | 2518729 the 300000000th...
the 300000000th percent's picture

Fuck yeah!!!!!!

Tue, 06/12/2012 - 14:57 | 2518742 Dr. Engali
Dr. Engali's picture

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.

Tue, 06/12/2012 - 14:08 | 2518748 junkyardjack
junkyardjack's picture

Obama's gonna have to fly out there himself and handle some business....

http://www.youtube.com/watch?v=usVTCx7t2WA

Tue, 06/12/2012 - 16:49 | 2519494 lakecity55
lakecity55's picture

Like that will fix anything.

He'd probably lose his crack pipe and misread the prompter, insulting the Chinese and ..... War!

Tue, 06/12/2012 - 14:10 | 2518753 walcott
walcott's picture

did butterbean win that fight?

Tue, 06/12/2012 - 14:16 | 2518784 BlueCollaredOne
BlueCollaredOne's picture

No, it lasted 47 seconds.

 

Butterbean vs AZN MMA

Tue, 06/12/2012 - 14:22 | 2518758 Dead Canary
Tue, 06/12/2012 - 14:11 | 2518759 scatterbrains
scatterbrains's picture

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

Tue, 06/12/2012 - 14:11 | 2518760 Skateboarder
Skateboarder's picture

*waiting for US to invade iRan*

https://www.youtube.com/watch?v=654H4xfDYKM

Tue, 06/12/2012 - 14:11 | 2518761 carbonmutant
carbonmutant's picture

Sounds like we're building a case for "Moral Justification". God only knows what the WH is planning to do with it...

Tue, 06/12/2012 - 14:14 | 2518775 Peter Pan
Peter Pan's picture

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?

Tue, 06/12/2012 - 16:37 | 2519444 Iwanttoknow
Iwanttoknow's picture

Maybe it is not the USA that is sitting on its throat.

Tue, 06/12/2012 - 14:14 | 2518777 asteroids
asteroids's picture

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.

Tue, 06/12/2012 - 14:22 | 2518817 Skateboarder
Skateboarder's picture

Not all of us are nasty lol.

Tue, 06/12/2012 - 15:37 | 2519126 Omen IV
Omen IV's picture

you must be speaking to american "exceptionalism"

Tue, 06/12/2012 - 19:21 | 2519910 TrulyBelieving
TrulyBelieving's picture

Yup, the 'American' ain't what he used to be.  And if our govt is a reflection of the people, it's over.

Tue, 06/12/2012 - 14:20 | 2518807 sudzee
sudzee's picture

Oil soon to be quoted in Yuan and gold.

Tue, 06/12/2012 - 14:22 | 2518814 g3h
g3h's picture

Weak response from China.

Tue, 06/12/2012 - 14:23 | 2518818 xela2200
xela2200's picture

Standing up to the bully.

Tue, 06/12/2012 - 14:24 | 2518821 cosmictrainwreck
cosmictrainwreck's picture

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. 

Tue, 06/12/2012 - 14:23 | 2518822 phat ho
phat ho's picture

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. ;-)

Tue, 06/12/2012 - 14:29 | 2518845 phat ho
phat ho's picture

/sarc stuck...

Tue, 06/12/2012 - 14:30 | 2518850 monopoly
monopoly's picture

We are going to punish China for disobeying us? That is really funny. I think not.

Tue, 06/12/2012 - 14:31 | 2518853 Jack Burton
Jack Burton's picture

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.

Tue, 06/12/2012 - 15:18 | 2519061 WTFx10
WTFx10's picture

"who in fuck's name made the USA god?" ISRAEL of course ,we employee it's BEST and Brightest in our financial Syndicate

Tue, 06/12/2012 - 14:31 | 2518855 SDRII
SDRII's picture

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?

 

 

 

Tue, 06/12/2012 - 14:34 | 2518869 GeneMarchbanks
GeneMarchbanks's picture

No offense but link please?

India tells Panetta US should re assess its Asia "pivot"

Thanks in advance.

Tue, 06/12/2012 - 14:38 | 2518892 Oldrepublic
Oldrepublic's picture

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"

 

Tue, 06/12/2012 - 16:39 | 2519461 Iwanttoknow
Iwanttoknow's picture

oldrepublic,I'm not the crying type.I cried after I finished nemesis.

Tue, 06/12/2012 - 21:56 | 2520161 Bringin It
Bringin It's picture

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.

Tue, 06/12/2012 - 14:44 | 2518915 lemonobrien
lemonobrien's picture

I no speak a eng-ish

Tue, 06/12/2012 - 14:48 | 2518935 phat ho
phat ho's picture

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.

Tue, 06/12/2012 - 14:52 | 2518957 shovelhead
shovelhead's picture

China say:

"Fluck you Chollie. We read Rich Dad Poor Dad.

Guess who you?"

Tue, 06/12/2012 - 14:54 | 2518966 Vince Clortho
Vince Clortho's picture

If Mittens gets elected, does Hilary get the boot?

 

Tue, 06/12/2012 - 17:35 | 2519640 HungrySeagull
HungrySeagull's picture

The Italian boot that is, working as a consulate.

Tue, 06/12/2012 - 14:55 | 2518980 Colonial Intent
Colonial Intent's picture

No insightful lecture on us citizenism from ananonymous?

Tue, 06/12/2012 - 14:56 | 2518983 ElvisDog
ElvisDog's picture

Hillary is holding 2-7 offsuit. She check-raises.

Tue, 06/12/2012 - 15:03 | 2519019 ZerOhead
ZerOhead's picture

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.

Tue, 06/12/2012 - 15:33 | 2519115 azzhatter
azzhatter's picture

never heard of cum stains on the pant suit did you

Tue, 06/12/2012 - 15:05 | 2519026 tony bonn
tony bonn's picture

if i were a chinaman, i would tell obama and clinton to go fuck themselves...

Tue, 06/12/2012 - 15:33 | 2519113 azzhatter
azzhatter's picture

Hell, I'm not even Chinese and I think Obama and Hilary should go fuck themselves

Tue, 06/12/2012 - 15:36 | 2519125 phat ho
phat ho's picture

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...

Tue, 06/12/2012 - 15:40 | 2519140 vh070
vh070's picture

We already responded; we said, "Nuts."

Tue, 06/12/2012 - 16:01 | 2519246 dmger14
dmger14's picture

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.

Tue, 06/12/2012 - 16:04 | 2519261 Composter
Composter's picture

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/

Tue, 06/12/2012 - 16:15 | 2519345 The Ram
The Ram's picture

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.

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