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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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From: foundation	12/28/2006 3:57:01 PM
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U.S. Embassy Is Warning Beijing on Iran Gas Deal the Sun -- December 28, 2006 nysun.com <snip> The Bush administration and Congress are warning that a proposed $16 billion deal between a Chinese company and Iran could trigger economic penalties under an American law aimed at starving Iran of funding for terrorism and nuclear weapons. Officials at the American embassy in China delivered a demarche Saturday in Beijing. They demanded an explanation of the deal from Chinese government officials and warned them that it could trigger a 1996 law, the Iran Libya Sanctions Act. The law prohibits foreign firms that invest more than $10 million in Iran's energy sector from raising capital in American financial markets. <snap> ---------- <g> ... does Washington not understand where power lies? ... does Washington not understand that China can, for a price of course, topple the dollar and all dollar investments overnight? ... and that China, equipped with the world's most advanced production platforms, would emerge, after the chaos, the clear dominant economic power? Why ---- in a few years we'd be buying Renminbi to pay our foreign debts...

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