Democrat From Kentucky


Democrat from Kentucky
We promote fair and honest political discussion from all sides of the ideological spectrum While my own opinions and my contributors tend toward a more progressive view, that's not always the case. I ask people to comment freely and openly to promote fair discourse.
Top US stories
 


Previous Posts


Bob Ney Steps Down As Chair of Admin Committee
Poll Shows Delay Dropping In His District
Heading Out of Iraq Via Tehran Highway
Republicans Trying To Shoot Down the Murtha Marine...
Open Topic For the Weekend
Governor On Newsmakers This Morning
Arnie's Gonna Kill Another One
Real ID Costing Just A Big More Than Expected
NOLA & Nonsense
PETA Gunning For The Colonel

Google


Security Council Has "Serious Concerns" Over Iran's Move For Nuclear Power Monday, January 16, 2006

The five permanent members of the security council on Monday agreed that Iran should suspend it's nuclear program. Those members include China, Russia, France, the UK and the U.S. The AP story said the British Foreign Office reported on a Security Council meeting and they were all in consensus about Tehran's decision to resume uranium enrichment activities. Germany also joined in the discussion and the statement.

e Foreign Office said all five veto-wielding permanent members of the Security Council — the U.S., Britain, France, Russia and China — and Germany had shown "serious concern over Iranian moves to restart uranium enrichment activities."

They agreed on the need for Iran to "return to full suspension," according to a statement.


This is good news on some levels. At least for now, the big 5 are getting along and that is significant. How long this will last remains to be seen. China has major economic interests in Iran regarding oil development but at the same time, nuclear power will upset the balance in the middle east even more so than it already is.

The argument for Iran getting nukes is that Israel has them already. The problem is Israel hasn't stated they seek the obliteration of Islamic states like Iran. The opposite cannot be said to be true.

Iran has said they are interested in negotiating further but at the same time, if they're not willing to give up their nuclear weapons development programs, one has to wonder how far this will go.

The other issue that comes up is the currency situation. Some have suggested that Iran is trying to shift the their oil trading currency to the euro. If this were to occur, it could create significant upheaval regarding our own currency. Some have suggested this was the real reason we went into Iraq. Hussein threatened to switch currencies and that couldn't happen. This would explain why China is interested in keeping Iran away from the currency changes.

China currently spends signficant portions of their own GDP on the U.S. dollar. Our trade deficit with China is high, they peg their own yuan to our dollar and many Asian economies have followed their lead. If the value of the U.S. dollar dropped dramatically, then China would be in trouble too. It would devalue their own currency and economic capabitilies.

I've digressed a bit, but in the end, I think it's we won't invade Iran other than a possible air strike. How much will these countries will change? Probably not much. We'll have to far this goes.



Technorati Tags: , , , ,


posted by Stithmeister @ 2:15 PM
 
0 Comments:


Post a Comment

links to this post << Home


Name:
Location: Harrodsburg, Kentucky, United States

I'm currently working in the telecomm industry but one of my passions is still politics.



Weekly Poll


Drop Me A Line

Add to My Yahoo! Add to Google

Atom Site Feed





<

Kentucky Blogs



National Blogs



Kentucky News



National News



Powered by Blogger
Weblog Commenting and Trackback by HaloScan.com