Socio-Economics History Blog

Socio-Economics & History Commentary

US Uses Dollar to Bully Other Countries

  • PressTV Published on Nov 16, 2018
    Iran’s Deputy foreign minister says the US sanctions against Tehran primarily undermine Europe’s sovereignty, security and credibility, rather than target the Iranian economy. Seyyed Abbas Araqchi, who is in Madrid to meet high-ranking Spanish officials, said Tehran is waiting to see how Europe defends its sovereignty against U-S pressures. He stressed that the US uses its economic power and the dollar to impose its will on other countries. Araqchi said European companies seem to be taking US orders more seriously than their own governments’. The Iranian diplomat noted that Washington’s decision to re-impose sanctions on Iran is against UN Security Council Resolution 22-31 and a recent verdict by the International Criminal Court.

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November 17, 2018 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

EU Believes No Credible Peaceful Alternative to Iran Nuclear Deal Exists

  • There does not seem to be a new, revised Iran Nuclear deal. So can’t be a Covenant of 1 week.
  • EU Believes No Credible Peaceful Alternative to Iran Nuclear Deal Exists
    by https://sputniknews.com/
    BRUSSELS (Sputnik) – The European Union believes that there is no credible peaceful alternative to the Joint Comprehensive Plan of Action (JCPOA), commonly referred to as the Iran nuclear deal, Vera Jourova, the European Commissioner for Justice, Consumers and Gender Equality, said.

    “There is no credible peaceful alternative to the Joint Comprehensive Plan of Action. The deal with Iran is a key element of the global nuclear non-proliferation architecture,” Jourova said during a plenary session of the European Parliament on Wednesday.

    Jourova noted that preserving the Iran nuclear deal was a matter of security for the whole global community.

    The official added that the European Union did not recognize the US extra-terrestrial sanctions arising from Washington’s withdrawal from the JCPOA.

    “We, Europeans, cannot accept that a foreign power, not even our closest friend and ally, takes decisions over our legitimate trade with another country. The ongoing work, led by France, Germany and the United Kingdom, aims at preserving the full and effective implementation of the Plan of Action in all its aspects and in line with UN Security Council Resolution 2231,” Jourova pointed out. Her speech was broadcast by the European Commission video service.

    US President Donald Trump has for a long time been a critic of the Iran nuclear deal negotiated by his predecessor Barack Obama. In May, Trump announced the US withdrawal from the agreement, which ensures the re-imposition of Washington’s sanctions on Iran, over Tehran’s alleged failure to comply with the JCPOA, something denied by Tehran. Two rounds of sanctions have been reintroduced since then, with the large-scale restrictions covering oil exports being slapped on Iran on November 5.

    read more.

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November 16, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

EU Plan Unraveling for Non-Dollar Iran Trade, Oil Sales: Diplomats

  • It does not appear a new Iran Nuclear Deal will happen. No Covenant of 1 week.
  • EU Plan Unraveling for Non-Dollar Iran Trade, Oil Sales: Diplomats
    by John IrishFrancois MurphyRobin Emmott, https://www.reuters.com/
    PARIS/VIENNA/BRUSSELS (Reuters) – A special European Union initiative to protect trade with Iran against newly reimposed U.S. sanctions faces possible collapse with no EU country willing to host the operation for fear of provoking U.S. punishment, EU diplomats said.

    The main European powers – Germany, France and Britain – will raise pressure on Luxembourg to host the so-called Special Purpose Vehicle (SPV) after Austria refused to manage the plan, threatening its viability.

    The EU’s executive promised EU lawmakers on Wednesday to find a solution and said that technical work continued, adding that the bloc would not be cowed by U.S. sanctions.

    “We Europeans cannot accept that a foreign power, not even our closest friend and ally, takes decisions over our legitimate trade with another country,” European Justice Commissioner Vera Jourova told the European Parliament in Strasbourg, referring to the United States.

    The stakes are high, for Iran has warned it could scrap a 2015 accord on curbing its nuclear program reached with world powers, including the big EU trio, if the bloc fails to preserve the deal’s economic benefits against U.S. pressure.

    The SPV is a kind of clearing house that could be used to help match Iranian oil and gas exports against purchases of EU goods in an effective barter arrangement circumventing U.S. sanctions, based on global use of the dollar for oil sales.

    The goal was to have the SPV legally in place by this month though not operational until next year, but no country has offered to host it, six diplomats told Reuters. The SPV is seen as the lynchpin of European efforts to salvage the nuclear accord, from which U.S. President Donald Trump – who took office after the pact was clinched – withdrew in May, calling it flawed in Iran’s favor.

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November 16, 2018 Posted by | Economics, GeoPolitics | , , , | Leave a comment

US, Qatar Discuss Plan to Create ‘Arab NATO’, Expansion of Largest Gulf Airbase

The business of America is war!

https://www.amazon.co.uk/American-War-Machine-Connection-Afghanistan/dp/074255595X

This provocative, thoroughly researched book explores the covert aspects of U.S. foreign policy. Prominent political analyst Peter Dale Scott marshals a convincing array of evidence to expose the extensive trail of sanctioned but illicit violence in politics and state affairs, especially when related to America’s long-standing involvement with the global drug traffic. Beginning with Thailand in the 1950s, Americans have become inured to the CIA’s alliances with drug traffickers (and their bankers) to install and sustain right-wing governments. The pattern has repeated itself in Laos, Vietnam, Italy, Mexico, Thailand, Nigeria, Venezuela, Colombia, Peru, Chile, Panama, Honduras, Turkey, Pakistan, and now Afghanistan-to name only those countries dealt with in this book. The so-called war on terror, and in particular the war in Afghanistan, constitutes only the latest chapter in this disturbing story. Click on image to goto Amazon.

  • US, Qatar Discuss Plan to Create ‘Arab NATO’, Expansion of Largest Gulf Airbase
    by https://sputniknews.com/
    WASHINGTON (Sputnik) – US Secretary of State Mike Pompeo and Qatari Deputy Prime Minister Khalid Al-Attiyah met in Washington to discuss the Trump administration’s proposal to create an Arab security alliance, the State Department said in a press release on Wednesday.

    “Secretary Michael R. Pompeo met today with Qatari Deputy Prime Minister and Minister of State for Defense Khalid Al-Attiyah,” the release said. “The Secretary and the Deputy Prime Minister discussed working toward a Middle East Strategic Alliance, anchored by a united GCC (Gulf Cooperation Council), to advance prosperity, security, and stability in the region.”

    President Donald Trump’s administration has proposed creating the Middle East Strategic Alliance, an Arab security pact widely referred to as an “Arab NATO,” made up of the six Arab states of the GCC along with Egypt and Jordan.

    The goal of creating such an alliance of Sunni Arab states would be to counter the growing influence of Iran in the Middle East, US officials have said. Similar US initiatives to establish a collective Arab security pact have failed in the past.


    The Trump administration’s efforts to create the alliance have been hampered by an ongoing rift between Qatar and the other Arab states in the GCC. In June 2017, GCC members Saudi Arabia, the United Arab Emirates and Bahrain, along with Egypt, severed diplomatic relations with Qatar, accusing the country of supporting terrorism. Qatar has firmly denied the accusations.

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November 16, 2018 Posted by | GeoPolitics | , , , , , , , , | Leave a comment

SWIFT’s Iran Ban Will ‘Expedite Global De-Dollarization’ – Max Keiser

  • SWIFT’s Iran Ban Will ‘Expedite Global De-Dollarization’ – Max Keiser
    by https://www.rt.com/
    The blacklisting of Iran from international financial messaging system SWIFT serves as a warning to Washington’s enemies, but will hasten the demise of the dollar, stockbroker-turned broadcaster Max Keiser told RT.

    SWIFT, a system that facilitates cross-border payments between 11,000 financial institutions in more than 200 countries worldwide cut several Iranian banks, including the country’s central bank, off from its services on Monday. The move came as a result of US pressure and was described by US Treasury Secretary Steven Mnuchin as “the right decision to protect the integrity of the international financial system.”

    Max Keiser told RT that in pushing a hard line on Iran, the US will only force other countries to come up with alternatives, and stockpile gold to lessen their dependence on the almighty US dollar.


    read more.

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November 13, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

US, Israel, Saudi, UAE Plotting Against Iran: Analyst

  • PressTV Published on Nov 11, 2018
    The upcoming trip of of the US government ‘s highest official on Iran matters to Israel and the United Arab Emirates shows Washington and its regional allies are plotting against Tehran, an American analyst says The US State Department said Friday that US State Department’s Special Representative for Iran Brian Hook’s was going to meet with Tel Aviv and Abu Dhabi officials between November 12 and 20 to discuss cooperation on countering what it called “Iranian threats.”

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November 12, 2018 Posted by | GeoPolitics | , , , , , , , | Leave a comment

Israeli Minister Gallant: We’re Ready for Peace with Arab States

  • Israeli Minister Gallant: We’re Ready for Peace with Arab States
    by ANNA AHRONHEIM, https://www.jpost.com/
    ‘We have shared interests and a shared enemy: Iran’
    Israel is ready to make peace with every Arab country, Construction Minister and former OC Southern Command Yoav Gallant told The Jerusalem Post in an exclusive interview.

    “All of the relations we have with Arab countries, every relationship that is conducted behind closed doors and not publicly, this is done by their own choice. Israel is ready for peace with every Arab country,” Gallant, who is also a member of the security cabinet, told the Post in his office in Jerusalem ahead of the paper’s annual Diplomatic Conference.

    “If you look at the picture, there is no real reason for Saudi Arabia or the Gulf states to fight with Israel. We have shared interests, a shared enemy called Iran, which threatens Saudi Arabia from close with all that it has. And therefore there is no reason we should not be in the process to have peace in the region,” he said.

    “Israel always stretches its hand out for peace with its neighbors… as it did after the Yom Kippur War with the Egyptians.” 

    While Israel has no official ties with any Arab country except for Egypt and Jordan, the relationships with Saudi Arabia and Gulf states have grown stronger in recent years due to the shared concerns about Iran’s actions and ambitions in the Middle East.

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November 12, 2018 Posted by | GeoPolitics | , , , , | Leave a comment

EU Intensifies Efforts to Preserve Iran Nuclear Accord

  • EU Intensifies Efforts to Preserve Iran Nuclear Accord
    by , https://www.bloomberg.com/
    Europe has intensified its efforts to preserve the Iranian nuclear accord and maintain economic relations with the Islamic Republic in the face of growing pressure after the Trump administration renewed its sanctions regime.

    “The efforts to preserve the Iran nuclear deal, the JCPOA, and economic and trade relations with Iran have been intensified in recent weeks, especially those that are related to the setting up of the special purpose vehicle,” Maja Kocijancic, European Union spokeswoman for foreign affairs, said on Friday, referring to the formal title of the Iran accord, the Joint Comprehensive Plan of Action.

    “One of the key measures from our side was the blocking statute, which was updated in August,” Kocijancic told reporters in Brussels. “This is one of the measures that have been put in place, but it’s the one that’s very relevant for companies because from our point of view, trade with Iran remains legitimate.”

    Despite the blocking statute, the financial messaging network that connects the world’s lenders is disconnecting some Iranian banks from its system. The move includes the Central Bank of Iran, U.S. Treasury Secretary Steven Mnuchin tweeted on Friday. The EU earlier this week warned that disconnecting banks from the Swift network “risks affecting the integrity of the international financial system.”

    The special purpose vehicle the EU is developing is aimed at helping companies to avoid the U.S. sanctions and continue doing business with Iran, but details remain vague. Some companies, including energy firms Total SA and Engie SA, have said they would halt some operations in Iran due to the U.S. measures.

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November 12, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment

EU Assessing Implications of US Sanctions on Iran

  • PressTV Published on Nov 9, 2018
    Officials in Brussels attempt to fully understand the implications of US sanctions imposed against the Islamic Republic of Iran. The EU is working to try and save the 2015 Iran nuclear deal in defiance of US President Donald Trump. Jerome Hughes reports.

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November 10, 2018 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

Dumping the Dollar: Iran & South Korea Agree Cross-Currency Trade

  • Why is South Korea agreeing to this? They are well aware of the consequences from America. Considering that South Korea is a staunch US ally (and vassal state), it is astonishing. Something major is up, not sure what is it. We will have to wait for events to unfold. I can only speculate: US hegemony, dollar hegemony is over, global currency reset, return to gold standard?
  • Dumping the Dollar: Iran & South Korea Agree Cross-Currency Trade
    by https://www.rt.com/
    South Korea and Iran have agreed to switch to national currencies in trade exchanges as the sides aim to strengthen relations despite the US sanctions on Tehran. The agreement is of great importance to both countries, Yonhap News Agency reported, explaining that the deal indicated Korea’s concerns about relations with Iran.

    The countries also agreed to make payments and settle their financial and banking accounts using the South Korean national currency, the won. That will allow South Korean and Iranian companies to continue their extensive exchanges in various fields.

    The volume of bilateral trade surpassed the $12-billion benchmark last year, according to Iran’s ambassador to Seoul Saeid Badamchi Shabestari, who told Press TV that the Iranian and Korean economies complement one another.

    The fact that Tehran-Seoul relations had been founded on “reality” would keep the countries determined to deepen the ties in the face of America’s “hostile and illegal unilateral actions,” the ambassador said.

    Earlier, South Korean Ambassador to Tehran Ryu Jeong-hyun said that despite many European companies leaving Iran under the pressure of US sanctions, South Korean firms understand the significance of the Iranian market and have chosen to stay.

    read more.

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November 9, 2018 Posted by | Economics | , , , , , | Leave a comment

France Leads EU Drive to DEFY Trump Sanctions on Iran in Bid to Boost Euro

Macron said he wanted to rule like a Roman god ‘Jupiter’, above the political fray.
Photograph by Nadav Kander for TIME
President Emmanuel Macron in the Élysée Palace on Nov. 7.

  • France Leads EU Drive to DEFY Trump Sanctions on Iran in Bid to Boost Euro
    by CARLY READ, https://www.express.co.uk/
    FRANCE will lead a drive by Brussels to defy US sanctions against Iran in a bid to boost the euro, it has been revealed.

    French Economy and Finance Minister Bruno Le Maire has vowed to drive the EU to flout Washington’s new wave of sanctions on the Middle East nation’s energy, banking and shipping sectors due to come into effect next week in an attempt to strengthen the euro.

    Mr La Maire argued the bloc had “economic sovereignty” from Donald Trump’s wrath because of the so-called Special Purpose Mechanism (SPV), a ruling aimed to keep trade flowing even if sanctions hit Tehran.

    The Finance Minister insisted the SPV was “the financial instrument of Europe’s independence”, adding it should “allow us to trade in any product, with any country, so long as it is in line with international law and Europe’s commitments”.

    read more.
http://www.express.co.uk/news/world/858987/Emmanuel-Macron-Paris-France-Sorbonne-EU-speech-Angela-Merkel

Click on image for article.

https://www.express.co.uk/news/world/968888/angela-merkel-emmanuel-macron-eu-united-states-of-europe

Click on image for article.

https://www.bloomberg.com/news/articles/2018-02-22/not-content-with-france-macron-has-a-plan-to-take-on-all-europe

Click on image for article.

http://www.breitbart.com/london/2017/12/18/merkelmacron-agree-eurozone-budget-finance-ministry-plans/

Click on image for article.

https://www.ft.com/content/e512bcb8-b3d7-11e7-a398-73d59db9e399?mhq5j=e5

Click on image for article.

https://www.armstrongeconomics.com/international-news/europes-current-economy/macrons-call-to-federalize-europe/

Click on image for article.

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November 9, 2018 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

US Aims to Harass Iranian Nation Through Banking Restriction

  • PressTV Published on Nov 7, 2018
    Iranian people say the main goal of the United States’ new round of sanctions against the country is to pressure and harass the nation through banking restrictions. Press TV’s Saman Kojouri has talked to a number of people on this issue.
http://foreignpolicy.com/2017/06/20/64-years-later-cia-finally-releases-details-of-iranian-coup-iran-tehran-oil/

Click on image for article.

https://www.theguardian.com/world/2013/aug/19/cia-admits-role-1953-iranian-coup

Click on image for article.

https://www.independent.co.uk/voices/theresa-may-syria-war-uk-chemical-weapons-attack-iran-iraq-thatcher-russia-a8300881.html

Click on image for article.

http://www.foreignpolicy.com/articles/2013/08/25/secret_cia_files_prove_america_helped_saddam_as_he_gassed_iran

Click on image for article.

http://www.guardian.co.uk/world/2002/dec/31/iraq.politics

Click on image for article.

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November 9, 2018 Posted by | Economics, GeoPolitics | , , , , , | 1 Comment

France Delivers ASTONISHING Warning: ‘We Will NOT Let USA be Policeman of the World’

  • France Delivers ASTONISHING Warning: ‘We Will NOT Let USA be Policeman of the World’
    by JAMES BICKERTON, https://www.express.co.uk/
    A SENIOR French government Minister has claimed Europe won’t allow the US to become “trade policeman of the world” in a dramatic outburst as he argued Europe should defy President Trump over Iran sanctions.

    The comments were made by Bruno Le Maire, French economy minister, during an interview with the Financial Times. He claimed: “Europe refuses to allow the US to be the trade policeman of the world.” President Trump pulled the US out of the nuclear deal Mr Obama signed with Iran in 2015 and has reimposed a range of economic sanctions. 

    He has repeatedly threatened punitive action against any European companies which ignore these sanctions and continue doing business with Iran. Mr Le Maire argued the US measures threaten the EU’s “economic sovereignty” and urged the bloc to “affirm our independence”.

    He added European countries will push ahead with plans to create a new financial channel to bypass US sanctions on Iran, allowing European firms to continue their current trading with the state.

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November 9, 2018 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

SWIFT Explained: a Tool of US Empire?

  • RT America Published on Nov 8, 2018
    In a special report, In Question producer Kei Pritsker joins host Anya Parampil to explain the purpose of SWIFT, the international financial messaging system which recently announced it will comply with US imposed sanctions on Iran. Kei explains what alternatives to SWIFT are emerging as the international community, particularly Europe, scrambles to subvert the sanctions.

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November 9, 2018 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

Will Europe Grow a Backbone on Iran Sanctions?

  • RT America Published on Nov 8, 2018
    Former US diplomat Jim Jatras joins Anya to discuss Europe’s attempts to find an alternative to the SWIFT financial messaging system after it announced plans to comply with US sanctions targeting Iran. Will the Trump Administration’s addiction to sanctions only further isolate the US?

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November 9, 2018 Posted by | Economics, GeoPolitics | , , , , | Leave a comment