60/60 #37
40% - that's the amount of value that Iran's currency lost, in one week, which happens to be last week. At tonight's VP debate, Paul Ryan seemed to suggest that these sanctions against Iran have been watered down too much and are ineffective. I think a 40% loss in currency value is, relevant, perhaps even significant.
"Protesters shouted slogans like “Mahmoud the traitor – you’ve ruined the country!” and “Don’t fear, don’t fear, we are all together!” stated the website.
Mr Ahmadinejad has blamed the crisis on the US-led economic sanctions on Iran and insisted the country could ride out the crisis."
"Protesters shouted slogans like “Mahmoud the traitor – you’ve ruined the country!” and “Don’t fear, don’t fear, we are all together!” stated the website.
Mr Ahmadinejad has blamed the crisis on the US-led economic sanctions on Iran and insisted the country could ride out the crisis."
Paul Ryan was correct in saying that the sanctions have been ineffective. If the goal of the sanctions was to debase the Iranian Rial, then the UN should declare success. Ryan's point was that the goal should be to inhibit their nuclear capabilities. In that regard, they have not worked. Sadly, I don't think sanctions will work at all. Only our clandestine forces will be able to halt it, along with international pressure (or a coup from within).
ReplyDeleteAs soon as you can write sanctions that target nuclear proliferation, we will. These are economic sanctions that hurt... the economy. Of course the goal is to inhibit their nuclear capabilities, but you can't write a sanction that does that. So, as dumb as the approach is, if you want to get international support to apply pressure on a foreign government, you write watered down economic sanctions that Russia & China won't veto. That way you can say "we have the support of the international community on this" which, technically, we do. Then you hope that the economic pressure will force them to abandon their nuclear aims. Meanwhile, you plant a virus in their centrifuge system, which is also what we did. http://www.edn.com/design/systems-design/4398386/Stuxnet-and-other-things-that-go-bump-in-the-night
Delete