Iran’s non-existent nuclear threat is just an excuse to serve as a media feedstock for Washington and its ally Tel Aviv, helping continue their grip on the dollar dominated global financial networks.

 

April 02, 2010 (Hamsayeh.Net) - Iran’s top nuclear negotiator Saeed Jalili following a round of discussions with Chinese officials said sanctions would be ineffective, as Iran will continue with its domestic nuclear program under any circumstances.

 

According to US officials, China had agreed to sanctions against Iran after US threatened China increase the value of its currency the yuan. A higher valued yuan would make Chinese manufactured products more expensive and therefore less competitive in the global market.

 

Today, China’s Foreign Ministry spokesman Qin Gang dismissed Washington’s claim on Beijing’s endorsement of Western sanctions.  'China expresses its serious concern about the Iran nuclear issue situation. China is in close contact with relevant parties and is striving for a proper settlement of the issue through diplomatic means,’ Gang told reporters today. 

 

Faced with unprecedented economic challenges, the US is struggling to  maintain its once-dominant global status as a superpower. Beyond all the media attentions about the dangers posed by the Iranian nuclear program, it is now evident that the main hurdle against America’s long forgotten dominance is the emergence of China, Russia, India, Brazil and other economic powers on the world stage.

 

Iran’s non-existent nuclear threat is just an excuse to serve as a media feedstock for Washington and its ally Tel Aviv, helping continue their grip on the dollar dominated global financial networks.  On the other hand China represents an engine of growth and progress for the developing world in Latin America, Africa and Asia.

 

This could explain why the Obama administration is seeking a speedy resolution on sanctions against Iran by the end of this month.