U.S. Tries To Tell China Not To Buy Iranian Oil (Good Luck With That)

Timothy Geithner, U.S. Boy Secretary of the Treasury and long-time agent of the big banks, was sent on an errand to China and Japan to cajole/order those countries to join in the U.S.-European embargo of Iranian oil, said embargo being an arm-twisting move designed to make the Iranian economy scream, thus forcing the mullahs to say “uncle” and abandon their uranium enrichment program.

Generally, when the U.S. tells Japan “jump,” their Japanese stooges say “how high?” That indeed was the initial reaction from the Japanese Finance Minister, who immediately promised to damage the Japanese economy by cutting back on the 10% of Japanese oil consumption coming from Iran. (Japan has no oil and so must import all it uses for its cars and factories.) Later, however, the Prime Minister cleared his throat and said not so fast, we'll see. [“JapanDelays Decision on Iran Oil Sanctions” -NY Times]

Meanwhile, in China, which is an independent nation not inclined to let the U.S. tell it what to do, Geithner got a decidedly less propitious reception.

The U.S. thinks that Iran's oil output can somehow be replaced by other countries. It's doubtful that it can be entirely replaced, even with Saudi help. The Saudis of course are enemies of Iran, so they'll no doubt be cooperative. And wouldn't you know, just a few months ago the U.S. “foiled” a “plot” to kill the Saudi ambassador to the U.S.! What a lucky coincidence! For sure, that makes the Saudis like Iran even less! (Maybe the U.S. thought it needed a little “insurance” so it bought itself some with a cooked-up “plot.” The “plot” was so ridiculous on its face- a total loser ex-used car salesman was going to hire “Mexican drug cartel assassins” [U.S. government agents] to do in the Saudi ambassador- that even major U.S. propaganda organs like the NY Times and Wall Street Journal let some skepticism creep into their accounts- unlike their boosterism of other “plots,” and Saddam Hussein's “weapons of mass destruction” and “mobile bioweapons labs” and “yellowcake” and all the other fraudulent bullshit fabricated as a pretext to invade Iraq.)

I have a funny feeling that Venezuela, whose current ruler, Hugo Chavez, the U.S. and its media have been demonizing ever since he became President, won't be increasing its output just to do the U.S. a favor. In fact, Iranian President Mahmoud Ahmadinejad just visited Venezuela in a demonstration of friendship- shoring up Iranian defenses against the U.S. economic warfare move.

Nigeria? The country is coming apart at the seams. President Goodluck Jonathan just eliminated the subsidy for fuel, instantly doubling the prices and causing riots, which he met with lethal force. Now the country's oil workers are striking in response. Oh, did I mention that Christians are starting to retaliate against Muslim civilians for Boko Haram's terrorist attacks on churches?

Anyway, the U.S. has threatened to destroy any bank doing business with Iran's central bank, which processes payments for Iranian oil. Since the U.S. controls the world financial system, being frozen out by U.S. diktat would be death for any defiant financial institutions. (Remember how the U.S. stole billions of dollars of Iran's money when the U.S. embassy “hostages” were seized? Then the money was parceled out to big banks that had loaned money to the Shah's regime, and to foreign businesses- mainly American- to “honor” contracts that the Shah had signed. Of course, since Iran was considered in violation of the contracts, the businesses in many cases got money for nothing. Sweet deal!)

By the way, it actually is legal under Iran's treaty obligations (it's a  signatory of the Non-Proliferation Treaty, unlike Israel) for Iran to enrich uranium for non-military purposes, which is what it claims to be doing. And the U.S. “intelligence community” concluded (unanimously by the 16 agencies involve) that Iran halted trying to develop nuclear weapons in 2003. And they have not revised that conclusion. Plus, Secretary of Offense Leon Panetta just admitted on one of the Sunday morning blather shows for the nomenklatura (CBS' Face the Nation, 1/8/12) that Iran is not working on nuclear weapons. But from the impression you get from the U.S. media, you sure wouldn't know any of this. When Iran just announced that it had enriched uranium to 20%, for medical use, it said, the U.S. media (BBC too) all said this was “alarmingly” or “dangerously close” to weapons' grade. A flat lie. While fuel grade is only 5%, weapons grade is 90-95% enriched. So 20% is far away from weapons' grade. And the enrichment process is slow, difficult, and laborious. (Especially with people murdering your scientists, blowing up your facilities, infecting your centrifuge controllers with malicious worms, etc.) It involves using thousands of centrifuges (which Iran has had to bury in deep underground facilities to avoid aerial bombardment by guess-who) spinning uranium gas for months to get to higher levels of concentration. And the U.S.-Israeli stuxnet computer worm is thought to have destroyed maybe a third of Iran's centrifuges, which are expensive and hard to come by, by causing them to spin too rapidly, while hiding this fact from the operators.

It is true that the technology Iran is developing can be used for weapons development. And Iran has been consistently evasive with the IAEA (International Atomic Energy Agency) inspectors. I think most likely Iran is trying to creep up to a point from which it can then rush to make some weapons. Which would alter the balance of power in the mideast, which is intolerable to the U.S. and Israel.

Now we're reading about U.S. and Israeli war preparations. But we're told that it's Iran that is being “threatening.”

Hope you filled up your backyard fuel storage tanks with gasoline and heating oil. Either an embargo or military clashes will surely cause oil prices to rise sharply. Surprisingly, they haven't risen much yet.

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