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.

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.

Fun times, eh?

posted by Dave From Garfield Ridge at 09:29 AM

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