« Your Help Is Needed | Main | Whale in the River Thames »
January 20, 2006

Iran Relocating Financial Assets.

This can't be good:

Iran is trying to avoid U.N. censure or sanctions over its nuclear program, which it says is entirely peaceful. The West suspects it of secretly seeking nuclear weapons.

Talk of shifting foreign assets indicated how seriously the Islamic Republic is taking the threat of U.N. sanctions.

"We transfer foreign reserves to wherever we see as expedient. On this issue, we have started transferring," Sheibani told the ISNA students news agency.

I've got a feeling the we're about to see a perfect storm here. The U.N. can't impose sanctions without getting Russia and China on-board, and even if it did, odds are most sanctions wouldn't make any difference without those two nations playing a part. About the only effective sanction available is a Western refusal to purchase Iranian oil, a step that to many in Europe and Asia will feel like cutting off one's nose to spite their face.

National Review Online's Stanley Kurtz, talking about the WaPo's Charles Krauthammer latest editorial on Iran, made a good point in the Corner earlier this week, one that people should bear in mind as we move forward in this, the economic phase of the game:

After 9/11, some criticized the president for not asking civilians to sacrifice. Well, this is the moment of testing. The most effective Iranian retaliation to a military strike would not be military. It would be what Krauthammer describes: oil shock and a significant blow to the world’s economy. So the question is, are we willing to sacrifice economically for the sake of keeping the bomb out of the hands of Iran and its terrorist allies? If not, I fear America’s cities will someday pay a far higher price.
That's the question of the day: do we, and the West at large, have the guts to endure an economic shock to stop Iran? Because if we don't, we may find ourselves enduring a far worse shock down the road.

Fun times, eh?

digg this
posted by Dave From Garfield Ridge at 09:29 AM

| Access Comments

Recent Comments
JT: "Hiya ..."

Insomniac: "Cursed is the ground because of you; through painf ..."

KTbarthedoor: "Thanks for the tip, Skip. ..."

Quint: "309---Yeah it's lost. All the libraries and other ..."

rhomboid: "Good analysis, Real Worldly, except for the "succe ..."

gp: ""I don't really get the train fetish. Can anyone e ..."

Polliwog the 'Ette: "If it's that important and time sensitive, telecom ..."

JuJuBee, just generally being shamey: "I don't know if car culture exists among the young ..."

Andy Dufresne: "386 And we slept in a sewer tunnel with the rats!W ..."

Skip. Finish the Wall: "Corgis dutifully called In a couple of weeks the ..."

garrett: "Also, excercise ball instead of a chair. ..."

rickb223 [/s][/b][/i][/u]: "I also have an inversion table and I can endorse, ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64