Obama on Iran

President Obama has announced new sanctions on Iran, the President stated the following in a statement, “ Today, my Administration has taken yet another step to further isolate and penalize Iran for its refusal to live up to its international obligations regarding its nuclear program. ….New sanctions target for the first time Iran’s petrochemical sector, prohibiting the provision of goods, services, and technology to this sector and authorizing penalties against any person or entity that engages in such activity. They expand energy sanctions, making it more difficult for Iran to operate, maintain, and modernize its oil and gas sector. They also designate 11 individuals and entities for their role in assisting Iran’s prohibited nuclear programs, including its enrichment and heavy water programs. And today we have taken the next significant step to escalate the pressure by acting under Section 311 of the USA PATRIOT Act, identifying for the first time, the entire Iranian banking sector – including the Central Bank of Iran – as a threat to governments or financial institutions that do business with Iranian banks. We are joined in this action by the United Kingdom and Canada, who have also acted to cut off Iran from their financial systems today. I welcome these steps and encourage all of our partners to do the same….Iran has chosen the path of international isolation. As long as Iran continues down this dangerous path, the United States will continue to find ways, both in concert with our partners and through our own actions to isolate and increase the pressure upon the Iranian regime. ”. In a odd way folks this statement might be the most under report story of the day, in effect Iran is out of the World Banking system, the Tehran Government will find it hard to funnel cash to buy the nuclear material it needs, this should cause pain to the people of Iran, but also might get them out on the street, lets hope if they do Obama does not waffle like the last time. As stated in previous post one can postulate that Israel has made it clear to the West, the clock is ticking, get something done or else, lets very direct here folks, Israel is a nuclear armed power, it has tested missiles that can reach Iran, if that clock reach the dark hour of 12, Israel will hit folks, Mossad the Israeli Intelligence Agency can only do so much folks using covert means, there might come a time when Israel can not wait, as occurred in 1981 with Iraq and 2007 with Syria.