Since June of 2012 I’ve been talking about Iran circumventing SWIFT and though it hurt their economy, initiating devastating inflation and great harm to the Iranian people, Iran has taken the hits from the sanctions but founded what could now be called the PETRO GOLD system. It’s allowed Iran to sell oil to China, India and Japan for gold.
Iran was able to ship oil in shadow tankers, GPS turned off, receiving wheat, edible oils and gold in exchange. Dubai was a laundering point for the gold along with Turkey as a transhipment point the gold payments.
Iran proved this system worked and it dovetails nicely into China’s plans. This may have been one of the most important puzzle pieces that came out our sanctions.
The jailer may find he is a prisoner of his detainees when sanctions reverse course and bite the US in the a**.
h/t Tom R.