tag:blogger.com,1999:blog-16816866.post1832257857850012029..comments2024-02-29T02:10:56.878-08:00Comments on J O S H U A P U N D I T: Cutting Off Iran's Cash FlowFreedom Fighterhttp://www.blogger.com/profile/13649470110087808596noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-16816866.post-7559642968014245722007-11-05T16:58:00.000-08:002007-11-05T16:58:00.000-08:00Hi Poster,I hate to be disagreeable but you're mis...Hi Poster,<BR/>I hate to be disagreeable but you're mistaken on this one.<BR/><BR/>As you can read in the linked article, a number of banks have stopped doing business with Iran all over the globe, with more to follow..and here's why:<BR/><BR/>The world's entire banking system is interconnected and runs through NYC. NONE of these banks want to have US funds frozen, their directors and officers deposed, or records suppoenaed because they've been indicted for financing terrorism or laundering suspect funds.<BR/><BR/>Nor do they want to lose access to the lucrative US markets, or to be unable to finance dealings with US companiues who wish to comply with the law. Compared to the US, any money they can make on Iran is peanuts.<BR/><BR/>This is one area where the Bush Administration normnally gets good grades when it comes to the War On Jihad,interdicting terorrist financing...except, unfortunately,when it comes from th eSaudis or the UAE.<BR/><BR/>Regards,<BR/>ffFreedom Fighterhttps://www.blogger.com/profile/13649470110087808596noreply@blogger.comtag:blogger.com,1999:blog-16816866.post-58797823879447036372007-11-05T12:42:00.000-08:002007-11-05T12:42:00.000-08:00I doubt anyone fears American reprisals as a reaso...I doubt anyone fears American reprisals as a reason not to do business with Iran. In fact, I think the nations of the EU as well as Russia and China could easily move the financial system out of New York at any time of their choosing.<BR/><BR/>The faxt that we are actually getting a small bit of cooperation here may be an indication of the absolute reprehensive nature of the Iranian regime. Of course with America demonized in the main stream news media and no one wishing to be accused of being subservient to the US any cooperation with the US would have to be low key. <BR/><BR/>The world community actually wants to side with Iran against the US, however, the absolute evil nature of the Iranian leadership is making it somewhat difficult for them to do so. If the US is to emerge victorious in the Global War on Terrorism it must act decisively to counter the vicious lies that have been spread about it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16816866.post-57869490717790917092007-11-05T09:05:00.000-08:002007-11-05T09:05:00.000-08:00Exactly,Jon, and I wrote about it here when it hap...Exactly,Jon, and I wrote about it here when it happened.<BR/><BR/>Now that Wolfowitz has been demonized in the press and resigned and another `globalist' apparatchnik has become head of the World bank, you see the results.Freedom Fighterhttps://www.blogger.com/profile/13649470110087808596noreply@blogger.comtag:blogger.com,1999:blog-16816866.post-11347743523401128452007-11-05T08:07:00.000-08:002007-11-05T08:07:00.000-08:00I'd say there's a good chance that Lowey will bloc...I'd say there's a good chance that Lowey will block the funds. She tried to halt Bush's aid to the PA earlier this year.Anonymousnoreply@blogger.com