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Thu, Jun 19th - 3:29PM

United States removes Chinese company from Iran Sanctions Blacklist

Today the Chinese company "China Great Wall Industry Corporation" (owned by the Chinese government) was removed from an United States sanction blacklist.

Why is this important? Let me explain.

The company was added to the blacklist on June 13th, 2006 "for providing material support to Iran's missile program". In other words the Chinese government was giving Iran materials and information for making missiles, possibly missiles that could carry nuclear payloads. The Chinese company was added to the blacklist in an effort to pressure China into not giving Iran any more materials or information.

Washington can freeze the assets of proliferators of weapons of mass destruction and their supporters and isolate them from the US financial and commercial systems, according to an order signed by President George W. Bush three years ago.

The US Treasury Department said it had so far blacklisted 34 entities and 11 individuals tied to Iranian proliferation activity.

Removing the company from the blacklist means that it can once again reroute funds through US territory (and allied territory) and resume trading materials and info with the Iranian government without fear of reprisal. It basically gives a green light to the Chinese government to give Iran whatever they want.

The silly thing is... why is China helping Iran? After all, isn't the United States building a huge pipeline across the middle east, from Iraq, through Iran and Afghanistan, and that pipeline will hook up with an existing pipeline the Chinese have already built on the Afghanistan-Chinese border?

The whole thing sounds fishy.

The US National debt is $9.4 trillion (source US Debt Clock) and most of that debt has been borrowed from Chinese banks.

The United States is bogged down in two middle eastern wars and is already planning to attack Iran.

The Trans-Arabia Oil Pipeline to China won't be completed until Iran is subdued and Chinese/American companies can begin building the Iranian section of the pipeline. The primary goal? To secure cheap oil for China's 1.3 billion population and booming economy.

If the United States gets hit by a nuclear missile from Iran in the next year or so it will instantly remind me of a similar instance that happened 7 years ago when George W. Bush cut funding to airport security measures, a move which allowed terrorists to sneak box cutting knives onto planes 10 months later on September 11th 2001.

Draw your own conclusions.

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Thu, Jun 19th - 9:13AM

Building a wind turbine factory

First North American Wind Turbine Factory

A German maker of offshore wind turbines is targeting southern Ontario as the location for its first North American manufacturing plant, a venture that would create thousands of local jobs and inject hundreds of millions of dollars into the province's struggling economy.


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