“The legislation requires the US president to impose sanctions on Iran’s central bank if he determines it is facilitating terrorism or the development of nuclear weapons, or supporting Iran’s elite military force, the Islamic Revolutionary Guard Corps. “I believe the central bank of Iran is not only engaging in those activities; I believe it is the ultimate engine of those activities,” said the author of the central bank provision, Representative Howard Berman, a Democrat. The sanctions would effectively block from the US economy any foreign bank involved in significant transactions with Iran’s central bank. The legislation was approved by the House panel …………..”
There are many institutions and individuals in Iran that contribute to their nuclear program:
- The Central Bank of Iran, by virtue of operating in Iran, supervising banks and the balance of payments and maintaining the exchange rate and monetary policy in general helps the nuclear program.
- An Iranian doctor, by virtue of working in Iran helps the nuclear program (he may treat some nuclear scientist or a procurer of ‘yellow cake’ from Niger).
- A street sweeper in Tehran (there are many of them since Iranians like their cities clean) helps the nuclear program by virtue of improving the quality of life of nuclear scientists and procurer of ‘yellow cake’ from Niger.
- A grocer in any Iranian city almost certainly feeds some workers on some not-so-secret nuclear plants, let’s call him the green grocer of Natanz.
- A home vintner in North Tehran, by virtue of supplying some secret party that some nuclear scientist or some clerk at a nuclear plant might attend, is helping the nuclear program.
- A baby sitter or a housemaid in Tehran, by virtue of……..
You get the drift. It could be a virtual declaration of war, to which the Iranians will most likely only respond in kind, with virtual retaliation. That is how the Iranians, including the dogmatic mullahs, operate in the game of chess their ancestors invented. That is why the alleged Saudi ambassador plot sounds so ridiculous, regardless of all the “weighty” Western leaders who endorsed its veracity. It does not fit the pattern of a game of chess.
(one good thing is that the bill leaves it up to POTUS to decide if the Central Bank is engaged in such activities, The bad news is also that it leaves it to POTUS).
Cheers
mhg
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