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Thursday, August 9, 2012

Iran Cash and people like Mitt

Since the 1970s the business community as been on a roll, making cash at all cost, even if they cheapened the product.  Steel became Plastic, Cotton became Plastic Fibers, Airplanes made of aluminum became airplanes made out of carbon fiber, the product cost went down and profits rose.  We shipped jobs to Mexico, Vietnam and China as well as other locations.  Things got a little dicy in 1979, Iran went Rouge and took Americans hostage as well as giving the world the finger, you use us for our oil and leave us with nothing.  For years most of the world stayed back leaving Iran & its people frozen from the rest of the world.  Things started to change when some corporations saw $$$$'s in the Iranian people. Business leaders, not unlike Mitt, jumped in to get their slice of the pie.  Who cares if the U.S. Government has said not to, "its straight cash homie" these leaders said in their boardrooms.  Business was good and the profits were greater.  "Project Beachball," as Iraq's military leaders called it, was using this very same business activity to bring the Middle East it's most awaited tool.  A tool that would make the rest of the world take notice, the Saudi Kings had the US Military, Egypt & Israel had brokered a peace between them, Iran saw their chance to become the biggest, baddest bad boy on the block. Project Beachball-an Atomic Bomb, would do the trick.  So how do you stop a bad boy from becoming a really, really bad boy...Take the cash away.  No matter how you feel about our current presidents leadership on this issue, some want to go to war, some want to talk, Ron Paul just doesn't care but Obama's leadership just may be working.

Standard Chartered PLC, a U.K. Banking unit has gotten into a bit of trouble for doing biz with the Iranian's.  The bank is charged with washing cash for the Iranian's, not money laundering  per-say but close enough for a layman. The Bank, of course is fighting back, says it would never do something like that but anyone who is not a tree remembers the banking system that just about tanked the world economy a few years ago.  The bank is not alone with it's Iran issues, MTN, a South African Mobile-phone company, is stuck.  All their profits, cash, in Iran can't be taken out of Iran with out breaking international sanctions, that were put in place by the U.S.

Who knows what happens next, but right now the world is winning against the bully of the Middle East.  It's nice to have a bunch of cash but it really sucks when you can't spend it on Anything!

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