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Restored Republic via a GCR: Update as of Feb. 18, 2019

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Wednesday, June 6, 2018

Wed. PM KTFA News Articles 6-6-18


Don961 » June 6th, 2018

Secret Obama-era license let Iran tap dollars

June 06 2018 02:25 PM

The Obama administration secretly sought to give Iran access — albeit briefly — to the U.S. financial system by sidestepping sanctions kept in place after the 2015 nuclear deal, despite repeatedly telling Congress and the public it had no plans to do so, Associated Press reported on Wednesday.

An investigation by Senate Republicans released Wednesday sheds light on the delicate balance the Obama administration sought to strike after the deal, as it worked to ensure Iran received its promised benefits without playing into the hands of the deal’s opponents.

Amid a tense political climate, Iran hawks in the U.S., Israel and elsewhere argued that the United States was giving far too much to Tehran and that the windfall would be used to fund extremism and other troubling Iranian activity.

The report by the Senate Permanent Subcommittee on Investigations revealed that under President Barack Obama, the Treasury Department issued a license in February 2016, never previously disclosed, that would have allowed Iran to convert $5.7 billion it held at a bank in Oman from Omani rials into euros by exchanging them first into U.S. dollars.

If the Omani bank had allowed the exchange without such a license, it would have violated sanctions that bar Iran from transactions that touch the U.S. financial system.

The effort was unsuccessful because American banks — themselves afraid of running afoul of U.S. sanctions — declined to participate. The Obama administration approached two U.S. banks to facilitate the conversion, the report said, but both refused, citing the reputational risk of doing business with or for Iran.

“The Obama administration misled the American people and Congress because they were desperate to get a deal with Iran,” said Sen. Rob Portman, R-Ohio, the subcommittee’s chairman.

Issuing the license was not illegal. Still, it went above and beyond what the Obama administration was required to do under the terms of the nuclear agreement. Under that deal, the U.S. and world powers gave Iran billions of dollars in sanctions relief in exchange for curbing its nuclear program. Last month, President Donald Trump declared the U.S. was pulling out of what he described as a “disastrous deal.”

The license issued to Bank Muscat stood in stark contrast to repeated public statements from the Obama White House, the Treasury and the State Department, all of which denied that the administration was contemplating allowing Iran access to the U.S. financial system. link

U.S. Treasury official warns allies of Iran's financial dealings

June 05 2018 09:17 PM

United States Department of The Treasury

The U.S. Treasury Department on Tuesday called on U.S. allies, partners and the private sector to work harder to ensure Iran does not exploit them to fund what it described as Iran’s “nefarious activities', Reuters said.

“You must harden your financial networks, require your companies to do extra due diligence to keep them from being caught in Iran’s deceptive web, and make clear the very significant risks of doing business with companies and persons in Iran,” Under Secretary of the Treasury Sigal Mandelker said in a speech.

“To those in the private sector, I urge you to also take additional steps to ensure Iran and its proxies are not exploiting your companies to support their nefarious activities,” she said.

U.S. President Donald Trump on May 8 abandoned the deal Iran signed with world powers in 2015 to curb its nuclear program. He also announced the reimposition of trade sanctions on Tehran as well as other countries that continued to do business with it, including allies which had signed the accord.

“The Iranian regime will deceive your companies, undermine the integrity of your financial systems, and put your institutions at risk of our powerful sanctions, all to fund terrorism, human rights abuses and terrorist groups,” Mandelker said. link

The Iranian people won’t unite around the regime’s flag

June 06 2018 02:33 PM Amir Basiri

A recent Washington Post op-ed criticized President Trump’s withdrawal from the nuclear deal, arguing that the decision will turn attention inside Iran back on the United States.

“Patriotic Iranians, including those opposed to the autocratic regime, are now likely to rally around the flag, just as they have done during earlier periods of rising external threats,” the article’s writers, which include a former Obama administration official, conclude (emphasis added).

If the past is any indication, the “rally around the flag” argument is as wrong as you can get about the Iranian people.

In the fall of 2017, when Trump declared his new policy toward Iran, a wide chorus in mainstream media focused on a variety of arguments against his policy. Among them was a piece in the New York Times, which posited that Trump’s focus on Iran’s nefarious activities would unite the Iranian people with their government.

Little more than two months later, tens of thousands of Iranians poured in the streets of more than 140 cities across Iran. But they weren’t chanting “Death to America” as advocates of rapprochement with the Iranian regime had predicted. Instead, their ire was directly aimed at the Iranian regime’s leadership, which has tortured and executed hundreds of thousands of Iranians in the past four decades and squandered the country’s wealth on terrorist intervention abroad.

The protesters slogans, “Death to Khamenei” and “Death to Rouhani,” targeting the Iranian supreme leader and president respectively, left no question in any fair observer’s mind over the Iranian people’s ultimate demand.

Authorities quickly realized the devastating potential in this rapidly expanding uprising and ordered a violent crackdown on the protests, which left more than 50 people killed and 8,000 detained.

Trump’s ultimate exit from the Iran nuclear deal, officially known as the Joint Comprehensive Plan of Action, came in May. Again, proponents of appeasement argued that withdrawing from the failed nuclear accord would undermine efforts to curb the threats of the Iranian regime and would push the Iranian people to unite with the regime.

Shortly after, ongoing protests in the city of Kazerun in southern Iran turned into clashes between the people and security forces, catching regime officials completely off guard. While so-called “scholars” and “Iran experts” were arguing that the December-January wave of protests had already died, the scenes of Kazerun and the regime’s desperate reaction proved otherwise. That the Iranian regime’s security forces opened fire on protesters, arrested hundreds, and rushed to cut off all Internet and mobile phone connections speaks for itself.

While protests still raged in Kazerun, newly appointed U.S. Secretary of State Mike Pompeo delivered what some are describing as the final nail in the coffin, placing before Iran 12 conditions for a change in behavior that senior Iranian regime officials say is no different from regime change.

Shortly after, we witnessed a nationwide movement sparked by truck drivers across the country striking and refusing to deliver goods and demanding sweeping changes in their employers’ policies. Complaining about poor living conditions, low wages, high commission fees, road tolls, and the skyrocketing prices of spare parts, tires, and fuel, tens of thousands of drivers are involved in a strike bearing the potential of crippling the regime’s economy.

When the dust settles down, the only conclusion left is to listen to the Iranian people themselves. During the last six months scenes across the country are leaving no question in the minds of unbiased observers. A firm policy against the Iranian regime has not had the “rally around the flag” effect that Iran apologists are warning against. What we’re witnessing instead is Iranian protesters in different cities are clearly shouting, “The enemy is not America — it’s right here.” link

Source: Dinar Recaps



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