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Any good news is a blessing. I suspect come the Nov. sanctions that we will have a long " break even " for something to start to happen. I will admit I am optimistic will will see sharp increase if the European body and Iran come to some sort of trading/Banking agreement is reached. Thxs for the article blueskyline. +1 for the time you took to post this.

 

  JMHO,  pp

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the way trump is screwing with  Saudi Arabia  ,  and the reply Saudi Arabia gave back  ,  if this goes to the next step we will see the repeat of 1972  ( gas line )  ( just thinking with folks only  ) ------ if Saudi Arabia  , cuts oil and squeezes  the other opic boys  , -------- only group in the game ------- Iraq oil ,  and the opic guys will not like to have their piece of pie thrown away , they either will give Iraq grief , or something I haven`t thought of , or I would say it . so if Iraq gets in a bind , Iran  will move on something , break sanctions , sell too Russia and Syria , and get their money in line with those , but international  might be a bit tricky ,  and this might push Iraq to finally do something with the dinar . or go bust !   something  in the back door works for sure ... (  I might even be talking in the wrong thread  ,  but  just the currency  and iran  ,  what could be the price  if it goes that way ?  ....sure feels  like  something is  building up too a heck of a blow  ...  ( money ?  oil crunch ?   just  throwing it at the fan  see what   fall out )  
  

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I just wish we would get off from being dependent on foreign oil when we have our own oil that we are drilling right now.  Tell the middle east no more oil from you guys anymore.

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6 hours ago, jeepguy said:

the way trump is screwing with  Saudi Arabia  ,  and the reply Saudi Arabia gave back  ,  if this goes to the next step we will see the repeat of 1972  ( gas line )  ( just thinking with folks only  ) ------ if Saudi Arabia  , cuts oil and squeezes  the other opic boys  , -------- only group in the game ------- Iraq oil ,  and the opic guys will not like to have their piece of pie thrown away , they either will give Iraq grief , or something I haven`t thought of , or I would say it . so if Iraq gets in a bind , Iran  will move on something , break sanctions , sell too Russia and Syria , and get their money in line with those , but international  might be a bit tricky ,  and this might push Iraq to finally do something with the dinar . or go bust !   something  in the back door works for sure ... (  I might even be talking in the wrong thread  ,  but  just the currency  and iran  ,  what could be the price  if it goes that way ?  ....sure feels  like  something is  building up too a heck of a blow  ...  ( money ?  oil crunch ?   just  throwing it at the fan  see what   fall out )  
  

I think this is a part of the next step of China demanding Saudi Arabia take Yuan for their oil because they are now the largest oil consumer . Further separation along the new Trade route agreements of New one Belt one Road. And the new Nafta agreements . That's just my opinion though

 

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SECRETARY MNUCHIN: Thank you very much. Since the beginning of the Trump administration, the Treasury Department has been committed to putting a stop to Iran’s destabilizing activities across the world. We’ve engaged a massive economic pressure campaign against Iran, which remains the world’s largest state sponsor of terrorism. To date, we have issued 19 rounds of sanctions on Iran, designating 168 targets as part of our maximum pressure campaign. We have gone after the financial networks that the Iranian regime uses to fuel its terrorist proxies and Hizballah and Hamas, to fund the Houthis in Yemen, and to support system" rel="">support the brutal Assad regime in Syria.

 

The 180-day wind-down period ends at 11:59 p.m. Eastern Standard Time on Sunday November 4th. As of Monday November 5th, the final round of snapback sanctions will be enforced on Iran’s energy, shipping, shipbuilding, and financial sectors. As part of this action on Monday, the Treasury Department will add more than 700 names to our list of blocked entities. This includes hundreds of targets previously granted sanctions relief under the JCPOA, as well as more than 300 new designations. This is substantially more than we ever have previously done. Sanctions lifted under the terms of Iran’s nuclear deal will be reimposed on individuals, entities, vessels, and aircraft that touch numerous segments of Iran’s economy. This will include Iran’s energy sector and financial sectors. We are sending a very clear message with our maximum pressure campaign that the U.S. intends to aggressively enforce our sanctions. Any financial institution, company, or individual who evades our sanctions risks losing access to the U.S. financial system and the ability to do business with the United States or U.S. companies. We are intent on ensuring that global funds stop flowing to the coffers of the Iranian regime.

 

I want to make a couple of comments on the SWIFT messaging systems since I’ve received lots of questions about this over the last few weeks. So I’d like to make four points. Number one, SWIFT is no different than any other entity. Number two, we have advised SWIFT the Treasury will aggressively use its authorities as necessary to continue intense economic pressure on the Iranian regime, and that SWIFT would be subject to U.S. sanctions if it provides financial messaging services to certain designated Iranian financial institutions. Number three, we have advised SWIFT that is must disconnect any Iranian financial institution that we designate as soon as technologically feasible to avoid sanctions exposure. Number four, just as was done before, humanitarian transactions to nondesignated entities will be allowed to use the SWIFT messaging system as they have done before, but banks must be very careful that these are not disguised transactions or they could be subject to certain sanctions. Thank you very much.

 

 

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Damn, damn, damn, damn........oh well, I guess it's been a good run for hoping so? :shrug:

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Don’t forget where are you buried it

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