Socio-Economics History Blog

Socio-Economics & History Commentary

Iran Says Collapse of Nuclear Deal to Endanger Mideast, Europe Security

  • Iran Says Collapse of Nuclear Deal to Endanger Mideast, Europe Security
    by http://www.xinhuanet.com/
    TEHRAN, June 24 (Xinhua) — The collapse of the Iranian nuclear agreement will have very dangerous consequences on the security of the Middle East as well as Europe, a former Iranian diplomat said according to Tehran Times on Sunday.

    Europe should find ways to preserve the 2015 nuclear deal, “otherwise, there would be no reason for Iran to remain in the agreement,” Kamal Kharrazi, former foreign minister of Iran, said.

    Iran attaches great importance to Europe’s support for the European companies that seek to invest in Iran, Kharrazi, the incumbent head of Iran’s Strategic Council on Foreign Relations, was quoted as saying.

    Kharrazi, Iran’s foreign minister from 1997 to 2005, also urged European countries to show unity in the face of U.S. pressure and save the nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA).

    On Saturday, Abbas Araqchi, Iranian deputy foreign minister, said that European countries will soon offer a package to protect Iran’s interests from the 2015 international nuclear deal.

    Iran signed the landmark deal with the United States, Britain, France, Russia, China and Germany in 2015 to halt its nuclear weapons program in exchange for sanctions relief.

    U.S. President Donald Trump decided on May 8 to quit the Iranian nuclear deal and vowed to reimpose sanctions, including oil embargo, on Tehran. Iran is currently in talks with France, Britain and Germany to revive the “blocking statute,” a 1996 regulation that prohibits EU companies and courts from complying with foreign sanctions laws.

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June 25, 2018 Posted by | GeoPolitics | , , , , , | Leave a comment

Tehran’s Official Reveals What It Will Take to Keep Country in Nuclear Deal

  • Tehran’s Official Reveals What It Will Take to Keep Country in Nuclear Deal
    by https://sputniknews.com/
    TEHRAN (Sputnik) – Tehran’s decision on whether or not to stay in the Iran nuclear deal will depend on the outcome of negotiations with other signatories and the extent to which they will manage to compensate for the US withdrawal, Iranian Deputy Foreign Minister for Political Affairs Abbas Araghchi said.

    “Iran has already announced its stance in this regard and [Iranian President] Hassan Rouhani announced that Iran has yet to decide whether or not to stay in the deal. Our decision depends on negotiations with European countries, Russia and China,” Araghchi was quoted by the IRNA news agency as saying during his visit to Moscow on Friday.

    He noted that Tehran was determined to wait and see whether the remaining parties to the deal would manage to make up for the US pullout and ensure Iran’s benefits from the deal. He also commented on Tehran’s cooperation with Moscow saying that bilateral cooperation would continue regardless of the JCPOA’s fate.

    “Iran-Russia relationship is beyond the JCPOA. We will have interactions with Russia with the JCPOA or without it,” he said.

    As the high diplomatic official noted, Iran expects the EU parties to present their package of measures designed to keep the agreement in force by July.

    “We hope that by the end of the month this package will be handed to us. Currently, the Europeans, with the support from Russia and China, are making efforts to prepare this package of proposals, so that Iran would be able to continue to sell its oil, receive profit from it and carry out bank and insurance operations,” Araghchi said, as quoted by the Tasnim news agency.

    On Friday, Araghchi said that Tehran might withdraw from the Joint Comprehensive Plan of Action (JCPOA) in the coming weeks, unless Europe proved its commitment to preserving the agreement after the US pullout.

    read more.

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June 25, 2018 Posted by | GeoPolitics | , , , , , | Leave a comment

Iran Expects Europe’s Package to Save Nuclear Deal by End of June: Araqchi

Miguel Arias Canete (L), European Union Energy Commissioner, during a meeting with Iranian officials in the capital Tehran on May 19, 2018. Iran said it would wait to see whether Europe produces tangible results in overcoming US sanctions before deciding whether to stay in the nuclear deal, as a top EU official visited Tehran to present plans to maintain trade ties. AFP / STR

  • Iran Expects Europe’s Package to Save Nuclear Deal by End of June: Araqchi
    by http://www.presstv.com/
    A senior Iranian nuclear negotiator says the Islamic Republic expects the European Union to put forward by the end of June its package of proposals to save a multilateral nuclear agreement between Tehran and the P5+1 group of countries from which the US has withdrawn.

    Iranian Deputy Foreign Minister Abbas Araqchi said on Saturday that the three European signatories of the nuclear agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA), and the EU had promised to offer a package of practical steps that would fulfill Iran’s demands, including on oil sales, payments for its oil and transportation.

    US President Donald Trump announced on May 8 that Washington was walking away from the nuclear agreement, which was reached between Iran and the five permanent members of the UN Security Council – the United States, Britain, France, Russia and China – plus Germany in 2015.

    Trump also said he would reinstate US nuclear sanctions on Iran and impose “the highest level” of economic bans on the Islamic Republic. Under the JCPOA, Iran undertook to put limits on its nuclear program in exchange for the removal of nuclear-related sanctions imposed against Tehran.

    Since the US president pulled Washington out of the historic nuclear deal, European countries have been scrambling to ensure that Iran gets enough economic benefits to persuade it to stay in the deal. The remaining parties have vowed to stay in the accord.

    read more.

https://www.biblegateway.com/passage/?search=Daniel+9%3A27&version=NKJV

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June 25, 2018 Posted by | EndTimes, GeoPolitics | , , , , , | Leave a comment

Iran Expects Europe to Voice Proposals for Preserving Nuclear Deal by July

  • Iran Expects Europe to Voice Proposals for Preserving Nuclear Deal by July
    by http://tass.com/
    MOSCOW, June 24. /TASS/. Tehran expects its European partners to put forward a package of proposals to preserve the Joint Comprehensive Plan of Action (JCPOA) on the Islamic Republic’s nuclear program, Iran’s Press TV reported on Saturday, citing a senior diplomat.

    The TV channel quoted Deputy Foreign Minister Abbas Araghchi as saying that the three European nations that had signed the nuclear pact – United Kingdom, Germany and France – promised to roll out a package of measures to satisfy Tehran’s demands, including those related to oil sales and transit.

    The Joint Comprehensive Plan of Action (JCPOA), known as the deal on Iran’s nuclear program, was signed between Iran and six international mediators (the United Kingdom, Germany, China, Russia, the United States, and France) on July 14, 2015. On January 16, 2016, the parties to the deal announced beginning of its implementation. Under the deal, Iran undertakes to curb its nuclear activities and place them under total control of the International Atomic Energy Agency (IAEA) in exchange of abandonment of the sanctions imposed previously by the United Nations Security Council, the European Union and the United States over its nuclear program.

    On May 8, US President Donald Trump announced Washington’s decision to withdraw from the Iran nuclear deal as it, in his words, the agreement leaves Iran a possibility to create a nuclear bomb bypassing all the restrictions. He promised to reinstate the previous anti-Iranian sanctions and even impose tighter ones. Iranian President Hassan Rouhani reiterated his country’s commitment to the deal, saying Teheran will continue to implement its liabilities. However, he added that the European Union should guarantee that Tehran’s benefits, agreed under the JCPOA, remain in place.

https://www.biblegateway.com/passage/?search=Daniel+9%3A27&version=NKJV

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June 24, 2018 Posted by | EndTimes, GeoPolitics | , , , , | Leave a comment

Trump’s Goal to Keep China from Using ‘Nuclear Option’ of Dumping US Debt – Max Keiser

  • Trump’s Goal to Keep China from Using ‘Nuclear Option’ of Dumping US Debt – Max Keiser
    by https://www.rt.com/
    President Donald Trump is cutting US military spending to be less exposed to the skyrocketing interest rates that would become unavoidable when China opts to dump US Treasury bonds, Max Keiser has told RT.

    “To understand US trade policies – and in particular Trump’s policies on China – from Trump’s point of view you have to think like Trump,”
     the host of RT’s Keiser Report explained. “When Trump took office, he inherited the biggest debt load that any country had ever accumulated. He also inherited a military budget that eats up 50 percent of America’s annual tax revenues of $1.5 trillion.”

    According to Keiser, after taking the helm as president, Donald Trump realized it was vital to reduce defense spending to pare the huge US debt.

    “He looked at the geo-political chess board and saw that – the low hanging fruit, in terms of saving money – is America’s huge military spending in South Korea,”
    said Keiser, stressing that after the historic summit with North Korean leader Kim Jing-un the US would start pulling military presence out of the region.


    The US president is currently arranging deals with Saudi Arabia and Israel, in preparation for the US pulling out of the Middle East as well, Keiser added, highlighting that Trump had previously signaled to Germany that the US would to cut its military presence in NATO there too.

    “That brings us to China, and the ‘nuclear option’ they have of dumping US treasuries to financially attack America. This is their one big play. Trump knows it, and he’s been protecting the US against it,”
     the financial commentator said.


    Downsizing the Pentagon, according to Keiser, will shrink US debt, diminishing the possibility of a Chinese financial attack via the dumping of US bonds.

    read more.

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June 24, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

Jim Willie: The Death of the Petro Dollar

  • The Official Hagmann Report Published on Jun 19, 2018
    Jim Willie, contrarian economist, Purveyor of the Golden Jackass newsletter. Jim is a patriarch in the “Red Pill Movement.”

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June 23, 2018 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

‘Chinese Maritime Militia’ Launches Laser Attacks Against US Military Pilots In Pacific Ocean

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June 23, 2018 Posted by | GeoPolitics | , , , | Leave a comment

Trump Raises Stakes in Trade War with China, Targets Further $200bn-Worth of Imports with Tariff

  • Trump Raises Stakes in Trade War with China, Targets Further $200bn-Worth of Imports with Tariff
    by https://www.rt.com/
    US President Donald Trump is looking to impose a 10 percent tariff on another $200 billion-worth of Chinese goods, after Beijing imposed reciprocal tariffs on US imports, as part of an expanding trade war with Washington.

    In a statement released by the White House on Monday, Trump cited Beijing’s decision to respond to US tariffs on $50 billion-worth of Chinese imports, imposed earlier, as his reason to escalate the conflict.

    “China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology,” Trump said. “Rather than altering those practices, it is now threatening US companies, workers and farmers who have done nothing wrong.”

    The new US tariff will be imposed if China goes ahead and implements its new tariff on American goods, announced last week, the White House said, adding that trade between the two countries “must be much more equitable.” China is currently running a $376 billion surplus in trade with the US, according to the White House.

    If Beijing choses to continue its tit-for-tat tariff policy with the US, Washington will impose further tariffs on imports from China in addition to the $200 billion announced, the statement warned.

    Responding to the news, the Chinese commerce ministry said Beijing will retaliate by imposing similar penalties on American goods, if Washington delivers on its threat.

    “The United States has initiated a trade war and violated market regulations, and is harming the interests of not just the people of China and the US, but of the world,”
     the Chinese ministry said in a statement.


    read more.

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June 20, 2018 Posted by | Economics | , , , | Leave a comment

Chinese Navy Deploys Drones in South China Sea Missile Drills

In this undated photo released by China’s Xinhua News Agency, a carrier-borne J-15 fighter jet lands on China’s first aircraft carrier, the Liaoning. © AP Photo/ Xinhua, Zha Chunming

  • Chinese Navy Deploys Drones in South China Sea Missile Drills
    by Laura Zhou, http://www.scmp.com/frontpage/hk
    Report comes after US Secretary of State Mike Pompeo ‘reaffirmed deep concerns about building and militarising outposts’ in the contested waters.

    China has carried out drills in the South China Sea to simulate fending off an aerial attack, state media said on Friday, in the latest show of military muscle amid rising tensions between Beijing and Washington over the strategic waterway.

    The drills, which involved three target drones making flyovers of a ship formation at varying heights and directions, are part of ongoing efforts by China’s navy to improve its real-life combat ability, the official PLA Daily said in a report.

    It said the drones were used to “precisely verify the feasibility and effectiveness to ensure a close stimulation of an aerial attack target”. The drones had already been sent out several hundred times during more than 30 previous drills, according to the newspaper.

    It did not give details of the drills – including when and where in the South China Sea they were held and which PLA Navy base was involved – but the report came after US Secretary of State Mike Pompeo visited Beijing on Thursday to brief the Chinese leadership on this week’s summit between US President Donald Trump and North Korean leader Kim Jong-un.

    read more.

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June 19, 2018 Posted by | GeoPolitics | , , , | Leave a comment

Deadly Bird Flu That Kills 40% of Humans Now Airborne In China, Scientists Fear End Of Humanity

http://www.infowars.com/ngo-envisages-global-one-child-policy-pandemics-to-solve-overpopulation/

Click on image for article.

June 18, 2018 Posted by | Medicine & Health | , , | Leave a comment

China: Iran Nuclear Deal Promotes Peace in Middle East

  • PressTV Published on Jun 16, 2018
    The Chinese foreign minister says dialogue and cooperation, NOT sanctions, are the key to maintaining the 2015 Iran nuclear deal. Wang Yi made the remarks at a joint news conference with his Turkish counterpart Mevlut Chavush Oglu in Beijing. Wang added that the Iran nuclear deal, also known as JCPOA, has played an effective role in promoting peace and stability in the Middle East. He stressed that there’s no reason to disturb the integrity and sanctity of this international accord. The top Chinese diplomat noted that Beijing has always maintained transparent cooperation with Tehran. He expressed hope that such a mutually beneficial cooperation could be continued without any disturbance.

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June 18, 2018 Posted by | GeoPolitics | , , , | Leave a comment

China’s Economic Downward Spiral! China Declares U.S. Has Officially Launched TRADE WARRR!

June 18, 2018 Posted by | Economics | , | Leave a comment

There Is Going To Be A Paradigm Shift Away From Fiat Currency: Anthony Lacavera

June 16, 2018 Posted by | Economics | , , , , , , , , , , , , , | Leave a comment

China Strikes Back: Retaliates With $50 Billion Tariffs On US Goods

  • China Strikes Back: Retaliates With $50 Billion Tariffs On US Goods
    by Tyler Durden, https://www.zerohedge.com/
    Update: As China refines its retaliatory tariffs, it clarified Friday afternoon in New York that tariffs on US soybeans will begin July 6, while tariffs on US crude oil, natural gas, coal and some refined oil products will begin at a later date.

    Meanwhile, US aircraft are not on the tariff list.
    * * *
    Just as China promised, they have responded “immediately” to President Trump’s “very big tariffs” and just unveiled $50 billion in tariffs against US goods including soybeans, light aircraft, orange juice, whiskey and beef, starting July 6th.

    Mirroring the US tariffs scheme, China’s Ministry of Finance is setting a two-tier system with $34bn on July 6th and $16bn more to follow…:

    On June 15, 2018, the U.S. government issued a list of goods subject to tariffs, which will impose a tariff of 25% on about 50 billion U.S. dollars of goods imported from China, of which about US$34 billion will be goods from July 6, 2018. It began to impose tariffs and began to solicit public opinions on about 16 billion U.S. dollars in tariffs. The U.S. measures violated the relevant rules of the World Trade Organization and it is contrary to the consensus reached in the Sino-U.S. negotiations. It seriously violates our legitimate rights and interests and threatens the interests of our country and people.

    According to the “People’s Republic of China Foreign Trade Law,” “The People’s Republic of China Import and Export Tariff Regulations,” and other laws and regulations and the basic principles of international law, the State Council Tariff Commission decided to impose an additional 25% on 659 items of US$50 billion imported goods originating in the United States. Tariffs, including 545 items of approximately US$34 billion in goods, have been subject to additional tariffs since July 6, 2018, and the implementation time of additional tariffs on other commodities has been announced separately.

    read more.

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June 16, 2018 Posted by | Economics | , , , | Leave a comment

EU, China Continue Cooperation on Iran Nuke Deal: EU Spokesperson

  • EU, China Continue Cooperation on Iran Nuke Deal: EU Spokesperson
    by http://www.xinhuanet.com/english/
    BRUSSELS, June 14 (Xinhua) — The European Union appreciates China’s continued and active participation in the Iran nuclear deal, and the two parties are working to cooperate and to preserve economic relations with Iran, an EU spokesperson told Xinhua via email on Thursday.

    The spokesperson was asked over the EU’s attitude towards China’s support of the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran nuclear deal. China is a party to the JCPOA, which is a multilateral agreement endorsed by a Resolution of the United Nations Security Council, to which China is a permanent member, said the spokesperson.

    “China’s continued and active participation in the JCPOA is therefore crucial and appreciated, not only by the EU, but by the international community at large. The EU commends China’s significant efforts in leading the Arak modernization project,” the spokesperson said.

    When asked about any cooperation between EU and China in safeguarding the deal, the spokesperson said: “As the lifting of nuclear-related sanctions is aimed at the normalization of trade and economic relations with Iran, legitimate business must continue.”

    “In this respect, the EU and China are already working on avenues to cooperate and to preserve economic relations with Iran. European and Chinese businesses are acting in good faith, and based on commitments made by the international community, as endorsed by the UN Security Council,” The spokesperson said.

    “EU and Chinese experts cooperate within JCPOA working groups, be it on economic measures or on civil nuclear cooperation, to adopt measures conducive to the preservation of the nuclear deal. To this end, EU and Chinese experts participated in experts meetings in Tehran on 7 June 2018,” according to the spokesperson.

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June 15, 2018 Posted by | GeoPolitics | , , , | Leave a comment