Iran withdraws $75 Billion from European Banks

Iran withdraws $75 Billion from European Banks

www.reuters.com

TEHRAN (Reuters) - Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran's disputed nuclear ambitions, an Iranian weekly said.

Western powers are warning the Islamic Republic of more punitive measures if it rejects an incentives offer and presses on with sensitive nuclear work, but the world's fourth-largest oil exporter is showing no sign of backing down.

"Part of Iran's assets in European banks have been converted to gold and shares and another part has been transferred to Asian banks," Mohsen Talaie, deputy foreign minister in charge of economic affairs, was quoted as saying.

(visit the link for the full news article)

Okay...so the article says that Iran is insisting on continuing its nuclear enrichment program and has withdrawn 75 billion in funds and moved them to asian banks. The article also says Iran has rejected the UNs proposal of six different nations helping them develop a civilian uranium enrichment program. Yet Iran claims its only goal is to generate power....so what's going on here, really? Iran has safely tucked all its money away in Asia...I smell trouble.

www.reuters.com
(visit the link for the full news article)

[edit on 6/17/2008 by Mad_Hatter]

Just a thought - this may be linked to Iran no longer trading oil in dollars.

In fact I'd go so far as to say it's a nailed on certainty.

As long as this doesn't get violent it could prove to be quite entertaining as Iran gives western money grubbers the run around.

Or maybe (big maybe) the money from the asset freeze was to be used to pay for the bombing campaign in Iran (upcoming) and to "reward" some european countries for supporting it.

[edit on 17/6/2008 by budski]

Yes, there's trouble coming. But it'll be trouble of our own doing.

Iran already gave up uranium enrichment voluntarily, even when it was their right to enrich uranium under the NNPT. All it got them was threats and accusations. Now their international companies have been black listed, their military has been declared a terrorist group and we're threatening to take their money.

Iran is not going to make that mistake again, they'll keep enriching uranium now until they can build a weapon and get the 'western' world to back off.

They've seen what happens when you bend over for the superpowers (Iraq handed over all their weapons documents and let the inspectors in, then got promptly invaded) and they've seen what happens when you give them the middle finger (N.Korea built a rinky dink bomb with 1940's tech and suddenly they're part of the axis of niceness).

We'll reap exactly what we sowed in Iran.

This could be part of the reason why the money is in china now also.

The State Department yet again sanctioned China for their illicit proliferation of ballistic missile aid to Iran, a state sponsor of terrorism.

The notice in the Federal Register said that the nine were being penalized for transferring to Iran “equipment and technology controlled under multilateral export control lists.”

thread

Originally posted by Mad_Hatter


The article also says Iran has rejected the UNs proposal of six different nations helping them develop a civilian uranium enrichment program.

There are so many 'strings attached' it wouldn';t be worth it in Irans eyes..

there would be teams of nuclear workers crawling all over the country, and a good portion of these nuclear workers would be spies and intelligence agents with just enough training and false papers to make them credible.


Also, i imagine that the 6 european nations which would be aiding in the nuclear fuel procurement program would demand payment in USD...which Iran is busy divesting itself of.
Which in essence , keeps Irans' attempt at seperation from American hegemony a failed policy.

So, is it unreasonable for Iran to reject teams of nuclear specialists under UN direction (but most likely NATO members)
And requiring Iran to buy nuclear fuel in USD/EUros,
And being kept under the thumb of the WorldBank as the $ transfer agent so unreasonable??

my answer is No its not unreasonable at all...
Western coercern is what's at play here, with Iran being played as the bad-guy... (that's strategic 'diplomacy' ~ as a kind terminology~)

reply to post by Mad_Hatter


If someone was threatening to freeze all of my assets but left me long enough to transfer my funds elsewhere, I would do the same thing. They are being threatened with sanctions, so if it is as simple as moving your money to Asia to avoid said sanctions, wouldn't they be crazy not to do it?

I wonder whereabouts in Asia though? Couldn't a new/modified sanction be made up to get whatever country they're transferring it to freeze the assets there?

I can't say I blame Iran though. It's their assets after all, they're just hiding it under the mattress.

It doesn't seem to be a very effective sanction...

I think it's funny how It has been in the papers and on the net how they are going to freeze Iran's assets All they are doing is giving them time to move the funds

If you wanted to make them hurt would you not just freeze it then say we have just frozen Iran's Assets ??

This is just another way to push the price of oil up and we all know it Do they think we are that silly not to notice

This could be the start of a serious money crisis in the western world. The oil rich countries keep the dependent countries economies going by loaning back the money they take in. Converting their currency to gold also reduces gold backing of the Euro.

A book written in 1976 titled "The Crash of 1979" , written from the perspective of a world banker, lays all of this out including the nuclear weapons aspects. I did a search for it but got no results.

World bankers always follow the money and have no loyalties to any country. The world bankers would like to make money off the western countries as long as possible but you can be sure they will find opportunities in following Iran's money wherever it goes leaving affected countries in temporary crisis while they dine in fine hotels.

The NWO is playing a fine game of chess. We could build more refineries. We could repeal the Energy Secrecy Act of 1951... oops... I mean the Invention Secrecy Act of 1951. But now we are going to have a much harder time finding the money to implement any of the thousands of energy inventions suppressed since the days of Tesla.

Wow - how does one "withdraw" 75 Billion? Do you use one of those bank slips? Perhaps through an ATM?

Joking aside - I think this is the beginning of the end. Iran is now officially in a corner. One tiny incident now and it all goes up in smoke.

Ya think there'll be a five day waiting period until Iran gets its money?

It's unbelieveable how many rules my credit union has until I can access my money.
Small amounts too....

reply to post by budski


Give this man a prize . It's just a re-run of Iraq, nothing more and nothing less. Only Iran was preparing for it since or even before Iraq got slapped into submission.

Originally posted by TruthWithin
Wow - how does one "withdraw" 75 Billion? Do you use one of those bank slips? Perhaps through an ATM?

If it helps to put it into perspective if you were to withdraw seventy five billion in one hundred dollar bills, the bills new and packed tight, and placed in a stack, they would stack to a height of 47,250 miles. That means they could wrap all the way around the earth almost twice.

As there are no comments from any news source about the financial implications of this story please allow me to frighten you with from wisdom from Paul E. Erdman (1931-2007).

Let me start by quoting from the back cover of "The Crash of 1979" published by Pocket Books. Copyright 1976 by Daisy Chain International, Inc.

Fifteen of the top U. S. Banks are broke. The Dow-Jones is plummeting. The Arabs will bail out the banks, but only in exchange for arms. The Shah of Iran is scheming for control of the entire Middle East and the worlds oil supply. His chief negotiating weapon - the bomb. And Bill Hitchcock, a financial wizard with a keen eye for big money and magnificent women, is manipulating billions for the super rich from the power centers of the world, holding the answers that could save America from ruin - or plunge it into an economic abyss.

Wikipedia

The Times Obituary

The Telegraph Obituary

So much for introductions Here are some relevant quotes from the book.

Uncle Sam was in hock to the New York gang to the tune of well over one-half trillion dollars, and every week he had to borrow at least an additional billion to stay in business.

The problem was that the banks were starting to run out of money! And "they" had concluded that this problem could only be alleviated in one of two ways. The easiest would have been simply to print money. But that would have led to runaway inflation, which in turn would most likely have also led to the demise of the system.

The vastly superior solution was to tap a new source of savings - massively and quickly. And such a source existed in the Middle East, where the oil nations had accumulated a hoard of savings that was absolutely unique in the history of mankind - over half a trillion dollars, an amount almost equal to the value of all the shares of all the corporations listed on the New York Stock Exchange. This represented the wealth that had taken the United States two centuries to build up; the Arabs had taken less than a decade. Salvation for Wall Street could be found in Riyadh - and perhaps only in Riyadh.

Our hero Mr. Hitchcock is hired by Saudi Arabia as a financial adviser and gets involved in much intrigue and bombs etc. I think George Bush wants to bypass this method and do some theft by taking as an alternative approach.

So why no instant analysis from the talking heads about Iran's $75 billion currency move?
Well consider that darn contagious cancer thing people sometimes get when they think too hard about the oil industry and politics:

Paul Erdman died in April 2007 after delivering his tenth and last novel, the Great Game, to the publishers. The Great Game is set in Uzbekistan and deals with politics and the oil industry.

Financial Fiction

And from the same link consider what happens to other people who mess with the world bankers:

Sindona was convicted in the U.S. on 65 counts of fraud and in 1984 was extradited to Italy where he was sentenced to life for murder. Two years later he was poisoned in his cell. Roberto Calvi also came to an untimely end. He was convicted by an Italian court in 1981 of illegal currency transactions. In 1982, a year after being convicted by an Italian court of illegal currency transactions, he was found hanging from a London bridge, possibly murdered. $400 million is still missing. These scandals were described in Power on Earth by Nick Tosches, St.Peter's Banker by Luigi DiFonzo, God's Banker by Rupert Cornwell, and The Calvi Affair by Larry Gurwin, and The Moneychangers : how the Vatican Bank enabled Roberto Calvi to steal $250 million for the Heads of the P2 Masonic lodge by Charles Raw.

Ooooh... Don't mess with the Masons!
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reply to post by free-energy


Wow, we are doomed. It looks like we are headed for bad times here.

Originally posted by free-energy
So why no instant analysis from the talking heads about Iran's $75 billion currency move?
Well consider that darn contagious cancer thing people sometimes get when they think too hard about the oil industry and politics:

some good information, thanks free energy.
The does show some information on it that may have not been thought of before.

Originally posted by mythatsabigprobe
Iran is not going to make that mistake again, they'll keep enriching uranium now until they can build a weapon and get the 'western' world to back off.

Back off? Even Barack Obama has said "Iran must not get the bomb" and that he'll do whatever it takes to stop Iran from getting the bomb.

Iran's insisting on going forward. Both presidential candidates realize Iran's nuclear program is a threat and promise to take action.

Now you tell me just how this is going to end up being non-violent.

The book "The Crash of 1979" by Paul Erdman ends in a regional nuclear war and the rest of the world in economic meltdown. (I hate to spoil the ending).
It was so well written from a real insider and so much that Erdman wrote has come true that I thought the usual pundits would realize the seriousness of this move and we would see Nightline television specials or at least in depth financial segments on what this means to world markets.

On Tuesday night all I got from Google was the many copies of the Reuters story so I placed a new thread.

Why the silence about the Iran $75 billion?

On Wednesday night Google gave several discussion threads similar to this one. I guess it's up to us Internet users to share the news.

The Middle East is a dry dusty place where any reporting we get is hard won by some courageous people.

I miss Walter Cronkite's era of deep analysis.