U.S. Administration Looks To Cut Iran’s Access To Gold …kinda betrays the hilarious claim gold is not MONEY
May 17th, 2013
With Iran’s currency already hit hard by European and Asian participation in the U.S.-led embargo of Iranian crude, Mr. Cohen asserted that his staff is broadening its efforts to include blocking the movement of pure gold into the Islamic republic.
“I can assure you that we are looking very, very carefully at any evidence that anyone outside Iran is selling gold to Iran,” he said.
The remark came after Rep. Edward R. Royce, California Republican and the Foreign Affairs Committee’s chairman, asked whether the administration was aware of recent reports indicating an uptick in the flow of gold into Iran.
“With its currency now in free fall, the Iranians desperately need gold,” said Mr. Royce, who noted that a U.S. law authorizing the Obama administration to sanction anyone selling gold to citizens inside Iran does not take effect until July 1.
Democrats appeared eager Wednesday to poke holes in the seriousness of President Obama’s vow to deter Iran from developing a nuclear warhead, raising tough questions about whether the White House is squeezing hard enough on sanctions against the Islamic Republic’s economy, the Washington Times reported.