Thursday, April 4, 2013

Sanctions on Iran building up independent economy

A former high-level U.S. government official who has just returned from Iran reports to WMR that Western sanctions are having the opposite effect on Iran than what was expected. Instead of grounding Iran’s economy to a halt, Western sanctions have provided an impetus for Iran to grow an indigenous and self-sustaining economy.

Our source reports that the skyline of the Tehran metropolis is marked by construction cranes. While some of these are inactive, it is clear that there is a building boom in Tehran.

There are also huge expressway projects in downtown Tehran that include the construction of overpasses and tunnels.

Not only is Iran over 90 percent self-sufficient in food production, but it is manufacturing aircraft, ground vehicles, missiles, and critical oil and natural gas production equipment in the face of a technological blockade by the United States, Canada, Australia, New Zealand, South Korea, Japan, Norway, Switzerland, and the European Union.

The United States and the neoconservatives also gave Iran a significant prize from the American invasion and occupation of Iraq. A pro-Iranian Shi’a-dominated government in Baghdad has been more than willing to help Iran evade sanctions, including those on the banking sector. In addition, Iraq’s Kurdistan is not keen on applying sanctions on Iran, a nation that Iraqi Kurds have been trading with for centuries. Iraqi companies are more than willing to rebrand Iranian oil as Iraqi oil and ship it around the world in defiance of U.S. and U.N. sanctions. Although the Iraqis receive a handsome markup as intermediaries, the oil deals bring in much-needed foreign hard currency into Iran.

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