Friday, January 20, 2006


Iran
Moves
Money
Out Of
Europe


Ali Akbar, beat-writer for the Associated Press, brings us the news that Iran is moving money out of Europe:


Iran is moving its foreign currency reserves out of European banks as a pre-emptive measure against any possible U.N. sanctions over its nuclear program, the Central Bank Governor said Friday.

Ebrahim Sheibani told reporters that Iran has started transferring the foreign currency reserves from European banks to an undisclosed location, the semiofficial Iranian Students News Agency reported.

"We transfer the foreign exchange reserves to wherever we deem fit," Sheibani was quoted by ISNA as saying. "We have begun transferring. We are doing that."

Sheibani would not say how much money was involved and it was not immediately clear whether Iran's investments in Europe would be affected by the move.

Iran's assets in the United States were frozen shortly after the 1979 Islamic revolution that toppled the pro-Western Shah Mohammad Reza Pahlavi and installed a clerical regime.


So, let's think about this. Apparently, Iran doesn't have any money in the U.S., and hasn't since the "Islamic revolution." I didn't know that. I knew that the U.S. hadn't bought oil from Iran since the late-90's. So, what does this tell us?

It tells us, America stands on principle and Europe doesn't.

And, what it tell us that Iran is taking money out of its European investments?

It tells us that Iran is not only afraid of sanctions, but also, of possible war.

Now, one of the questions in my mind throughout this whole escalation, has been, does Iran already have a few nukes? And, if they did would they would continue on with their "cheat and retreat" policy, or would they draw a line in the sand, as they are now doing?

Or, does this mean that they are very close to having nukes, so they are drawing the line in the sand because they know they are so close to achieving their goal?

How fast can they produce weapons, once they have the enrichment process up and running?

I don't know the answers to any of these questions, and I have not, thus far, trusted the opinions of any "experts" I have read, because it seems to me, everyone has their own political agenda. Some want us to go to war now, and some want to delay any possible was, as long as they can.

What is going on? Any thoughts?