Monday December 30, 2013

I've Been Thinking:

The Iranian parliament just passed a bill for which over two-thirds of the members voted in favor of catapulting their nuclear development if the US Congress passes any new boycott legislation.

The Iranian press is filled with coverage of the dramatic change of heart in Iran. Since the last time they were asked, there has been a 100% shift in the Iranian parliament.

This Iranian bill will permit uranium enrichment to 60% and even 90%, whereas the agreement caps it at 20%. In addition, the bill allows for the heavy water nuclear plant at Arak to continue to be built.

The legislation the Iranians are concerned about is referred to as "Standby Sanctions" in the corridors of power in Washington DC. Congress wants the sanctions bills in place to allow them the ability to act quickly if the six month interim deal with Iran falls through.

Iran is setting up a counter move. They are saying if you pass a bill we will pass a bill that trumps your bill.

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