Tuesday, June 25, 2019

Iran Is Now Losing $120 Million A Day Due To U.S. Sanctions

Business Insider: Simple economics show how Trump is beating up on Iran without firing a shot

* President Donald Trump on Monday announced new sanctions targeted at Iran's top leadership and those thought responsible for downing a US drone flying near the country.
* Iranians have complained of feeling their "bones breaking" under enormous and effective Trump-imposed sanctions.
* Iran downed a $130 million US drone recently, but under Trump's sanctions, the country is likely losing more than $120 million a day in June.
* Trump has so far declined to go to war with Iran or carry out military strikes, and he seems happy to let the country simply suffer under economic warfare until they take the humiliating step of holding a dialogue.

President Donald Trump on Monday announced new sanctions targeted at Iran's top leadership and those thought responsible for downing a US drone flying near the country.

The sanctions join with previous US-imposed restrictions on trade with Iran to form some of the harshest sanctions on any country in the world, and Iran is feeling the effects.

Iran's official press has recently bragged about its military prowess when downing a US drone worth about $130 million, touting it as a nasty black eye for the world's military superpower.

Read more ....

WNU Editor: These numbers do not reflect the loses that will be incurred with yesterday's sanctions. Bottom line .... U.S. sanctions may end up costing Iran tens of billions in revenues this year, and next year even more.

13 comments:

Anonymous said...

That's almost 44bn/year, or about exactly 10% of Iran's annual GDP (taking 2017 numbers).

China is losing about the same, if not more per year now, since Trump is in office

Russia's GDP is also down

So that one guy everyone hates on seems to be quite capable in terms of hitting them where it hurts, without necessarily killing anyone

Not bad.


Andrew Jackson said...

December 7 1941

fred said...

I am old enough Andy to recall that day and FDR (darned Democrat!)

Anonymous said...

"So that one guy everyone hates on seems to be quite capable in terms of hitting them where it hurts, without necessarily killing anyone"

Screw them tight enough and they will kill, by denying what people need on a daily basis just to stay healthy, including food, medical care, electricity and so on.

Anonymous said...

"Screw them tight enough and they will kill, by denying what people need on a daily basis just to stay healthy, including food, medical care, electricity and so on."

So never an embargo or sanctions?

So if the Sullivan Principles do not work, you just give up and no sanctions on South Africa?
Cuz sanction might cause a some Afrikaaners to not get needed medicine!

Maybe FDR should not have embargoed iron and oil to Japan. They had a choice. Save Japanese citizens or continue to kill Chinese citizens. They chose the latter and declared war against the US. It was however a Japanese decision not the US's.

Likewise, If people die in Iran due to sanctions, it will be a decision by the theocracy.

Anonymous said...

No doubt what Trump is doing to Iran is straight up an act of war. Squeezing a nation to death via embargo, as Trump is doing by embargoing Iran's access to dollars, has lead to war in the past. See Japan vs USA 12/1941 to 9/1945 when the USA cut off Japan's oil supply.
Iran's leaders are some of the worst people to lead a nation, they deserve to be flogged and burned at the staked, just my opinion, so if these economic sanctions lead to revolution in Iran and the Mullahs handled rough by the people, I'll applaud.

Anonymous said...

" is straight up an act of war"

You almost say that like it is a bad thing. Maybe in your view it is. Unless you believe in Just and Unjust wars.

The US embargoed Japan after it declared war against China in 1937 after having conquered Korea and turned it into a forced labor camp. The Japanese junta had 3 years to reconsider. Any deaths are on the hands of the Japanese leaders and not FDR. The League of Nations was useless then just like the UN is useless in dealing with Iran.

"The Second Sino-Japanese War was the largest Asian war in the 20th century.[28] It accounted for the majority of civilian and military casualties in the Pacific War, with between 10 and 25 million Chinese civilians and over 4 million Chinese and Japanese military personnel dying from war-related violence, famine, and other causes.

The war was the result of a decades-long Japanese imperialist policy to expand its influence ..."


https://en.wikipedia.org/wiki/Events_leading_to_the_attack_on_Pearl_Harbor#Background_to_conflict

Bob Huntley said...

Anon

It is a bad thing.

Anonymous said...

Bob

Honest people, thoughtful people, smarter people than you have opined on Just Wars.

Read "Just and Unjust Wars" by Michael Walzer.

There have been bad peaces like when the Jews did not fight back in Germany.

Besides, I doubt that you could define war in an honest manner. It is out of your ken.

Anonymous said...

I admit that I don't know if the sanctions will cause a war. I sure hope not. I've got Iranian friends and I don't ever want war between us / in my book most Iranians are really bright people and fun to be around. But the current government in Iran seems hellbent to keep sponsoring terror operations.. And they (with their IEDs) helped to kill almost 3000 US soldiers in Iraq. There's still a bill open in my book but again I don't want war. So what other options does the US have instead of sanctions? Do nothing? OK but that too carries risk, right? I'm happy if the least amount of people suffer and if anyone suffers it should be the hardliner leaders, not the population.

Bob Huntley said...

Anon

Payback for all those years of supporting a tyrant in Iran sure was a bitch. The US should have never been in Iraq in the first place.

Andrew Jackson said...

Bob bends over for Putler! LOL!!!

Bob Huntley said...

Your inane comment changes nothing.