Costly Ambition: 'With sanctions on Iran oil, US chokes own

[ktlight]

"Iran is warning against new Washington-backed sanctions over its nuclear programme, which will target its oil exports. It says they may more than double fuel prices. Jamal Abdi from the National Iranian American Council, says such sanctions will only choke already-struggling Western economies."

NH-yS38DUdo

[Operator]

I think some leaders in the West are pretty much aware of this ... it may even be on purpose to give it the last push over the edge.

[Ilie Pandia]

I need some background info here.

Under what authority does US impose sanctions on other countries and it's able to dictate who is making commerce with whom?

[WhiteFeather]

I need some background info here.

Under what authority does US impose sanctions on other countries and it's able to dictate who is making commerce with whom?

The US Economic Hitmen is who.

[RMorgan]

I need some background info here.

Under what authority does US impose sanctions on other countries and it's able to dictate who is making commerce with whom?

Hahaha!! You know there´s no answer for this question, Illie.

The USA is the only country in the world that do this. It thinks it´s the center of the universe.

Hey, USA! Why don´t you go mind your own business? The world would be much better now if you did!!

Cheers,

Raf.

[Ilie Pandia]

I've actually meant that question very seriously.

From the top of my head I have to assume that there are some treaties in place, and the members of those treaties agree not to do business with someone that upsets one of the members.

If that is the case I'd like a bit of a history lesson: what are the names of the those treaties and who are the members? From there I could look it up to learn what the treaty actually says, if you need to "obey or not" and so on. In other words, what are the rules that different countries have agreed on and what is the price of getting out of the partnership if it's not in your best interest any more.

[RMorgan]

I've actually meant that question very seriously.

From the top of my head I have to assume that there are some treaties in place, and the members of those treaties agree not to do business with someone that upsets one of the members.

If that is the case I'd like a bit of a history lesson: what are the names of the those treaties and who are the members? From there I could look it up to learn what the treaty actually says, if you need to "obey or not" and so on. In other words, what are the rules that different countries have agreed on and what is the price of getting out of the partnership if it's not in your best interest any more.

Hey Illie,

The USA is actually a school bully shaped as a country. Bullies are always cowards. They only mess with smaller and weaker boys.

They use the fear strategy to actually impose their wills to other countries. That´s it. Most of the times, there are no bilateral deals, only unilateral.

Most part of these deals are informal, since the law doesn´t permit any contract to be legalized if it only benefits one side.

Cheers,

Raf.