Bitcoin Not Bombs

"In the beginning I pretty much only used it to buy baklava. Now I’m buying gold and silver bullion with Bitcoin, and accepting it as payment for the various things that I sell. So, I have a pretty good sense of how the system works and I’m just starting to really get the economic ramifications of a digital peer-to-peer currency. I theoretically understand the impact it could have politically, at least domestically, but I’m just starting to get the first inkling of what the international political ramifications of Bitcoin might be. This rabbit hole begins with US sanctions against Iran." Continue reading

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Dollar-Less Iranians Discover Virtual Currency

"Under sanctions imposed by the U.S. and its allies, dollars are hard to come by in Iran. The rial fell from 20,160 against the greenback on the street market in August to 36,500 rials to the dollar in October. It’s settled, for now, around 27,000. The central bank’s fixed official rate is 12,260. Yet there’s one currency in Iran that has kept its value and can be used to purchase goods from abroad: bitcoins, the online-only currency." Continue reading

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Iran: Oil for gold deals bypass sanctions, US unveils new penalties

"The United States and European Union have imposed tough sanctions on Iran that have weakened its economy. But Tehran has found ways to bypass the penalties, such as Turkey's use of gold to pay for Iranian natural gas imports. The Menendez-Kirk measure would allow the president to impose sanctions in cases of the sale or transfer of precious metals, targeting efforts by Iran to circumvent the penalties." Continue reading

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Glenn Greenwald: The ‘both-sides-are-awful’ dismissal of Gaza ignores the key role of the US government

"For years now, US financial, military and diplomatic support of Israel has been the central enabling force driving this endless conflict. Just consider the actions of the US over the last week as violence in Gaza escalated. On Tuesday, the US vetoed a UN Security Council cease-fire resolution on the ground, in essence, that it was too balanced. The US State Department publicly attacked its Nato ally, Turkey, for condemning Israeli aggression. As always, the US Congress and the US Executive Branch are virtually unanimous in their full-throated, completely one-sided support for Israeli actions." Continue reading

Continue ReadingGlenn Greenwald: The ‘both-sides-are-awful’ dismissal of Gaza ignores the key role of the US government

U.S. gives ‘full backing’ to Israel while urging de-escalation of Gaza violence

"The Israeli ambassador to Washington, Michael Oren, says the US has given his government a free hand in its assault on Gaza as the Israeli cabinet ordered a large call up of military reserves, prompting fears of a ground invasion. The Palestinian delegation to Washington condemned the US response to the crisis as 'biased and weak', and called on the White House to stop Israel using American-made weapons against civilians. It also described as 'shameful' what it called the justification of the murder of Palestinians by countries supporting Israeli actions, including Britain." Continue reading

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Stuxnet goes out of control: Chevron infected by anti-Iranian virus, others could be next

"America’s cyberwar is already seeing collateral damage, and it’s hitting the country’s own billion-dollar companies. Oil giants Chevron say the Stuxnet computer virus made by the US to target Iran infected their systems as well. California-based Chevron, a Fortune 500 company that’s among the biggest corporations in the world, admits this week that they discovered the Stuxnet worm on their systems back in 2010. Up until now, Chevron managed to make their finding a well-kept secret, and their disclosure marks the first time a US company has come clean about being infected by the virus intended for Iran’s nuclear enrichment program." Continue reading

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Neo-Con Revenge: Post-Election ‘Attack Iran’ Machine on Overdrive

"US sends drone to spy on Iran, as it has done continuously for years, no doubt collecting targeting data to assist in US/Israeli attack on Iran. Iran reportedly fires at drone gathering targeting data to assist US in bombing Iran. US astonished at Iran's 'aggression' toward US drone gathering intelligence to assist a US attack on Iran. US shocked that the Iranians would have the gall to respond to US hostile gestures in the region. Oh but it was in international waters! Imagine the US response to an Iranian drone operating in international Gulf of Mexico waters off of Florida." Continue reading

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House Intelligence Chair: Strike On Iran’s Nuclear Facilities Would Not Be An Act Of War

"Well, in very targeted strikes, we use very targeted strikes against al Qaeda. And so if it is a very targeted strike, many would argue that that’s short of war. And if it only seeks to go after their nuclear program, that is — we’re not talking about invasions or naval engagements or troops on the ground, none of that. And this has been used by other — President Clinton used this tactic. [..] And we do know, those — that the Iranians believe that there is a whole panoply of options — war and then these targeted strikes they don’t see as — wouldn’t see as an act of war." Continue reading

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Turkish gold trade booms to Iran, via Dubai

"The sums involved are enormous. Official Turkish trade data suggests nearly $2 billion worth of gold was sent to Dubai on behalf of Iranian buyers in August. The shipments help Tehran manage its finances in the face of Western financial sanctions. The sanctions, imposed over Iran's disputed nuclear program, have largely frozen it out of the global banking system, making it hard for it to conduct international money transfers. By using physical gold, Iran can continue to move its wealth across borders. Turkish trade data confirms the gold is being transported to Dubai by air." Continue reading

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