Saturday, October 24, 2009

Iran Is Networking With South America

According to Douglas Farah, Iran is expanding its banking links with South America
All this points to a concerted effort to maintain a financial structure in Latin America that will allow Iran to withstand, and withstand with some ease, any future financial sanctions by the United Nations, the EU or the US.

This episode illustrates how sanction regimes serves to stimulate illicit or alternative modes of business. As I have been predicting regarding announced arms boycotts of Guinea, the likely result would be to cause Guineans to deal with Africa's well established gun smugglers.

Nowadays, to cut someone off from normal commerce is neither to isolate them nor to set them adrift.

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