Expert Advises Washington to End Self-Imposed Sanctions Against Tehran or Face Certain Financial Collapse http://hamsayeh.net/world/583-expert-advises-washington-to-end-self-imposed-sanctions-against-tehran-or-face-certain-financial-collapse.html

Financial expert advises the US and its allies to lift the self-imposed set of sanctions supposedly aimed at curtailing Iran’s economy or wrestle with sustained oil prices at $150 plus.In an interview with Washington Times, Iran’s Central Bank head manager, Mahmoud Bahrami warned of growing uncertainties over future energy costs and security if Washington continues on with its futile anti-Iran program in particular imposing economic sanctions against the Middle Eastern nation.‘Iran can have an effect on world energy and fuel. Fuel prices will go up dramatically, if sanctions are not removed, particularly sanctions against banks and other economic sanctions, the price of oil will go above $150 a barrel.’ Bahrami warned.

US and its allies have imposed a series of self-inflicted sanctions against Iran so that this fiercely independent ancient Middle Eastern nation gives up its peaceful scientific nuclear program. But despite the sanctions Tehran successfully managed to advance its domestic nuclear program.Western financial system, which according to Keyneism school of economic thought recommends an ever increasing levels of fiat money spending and debt accumulations relies upon a steady, upward quantities of oil flow.

John Maynard Keynes, who later became a 1st Baron was an opportunist British economist whose ideas have profoundly affected the theory and practice of modern macroeconomics, as well as the economic policies of most Western industrial governments.Regardless of Western academicians attempts to hide the keyneism economic philosophy behind veneer of difficult academic terms, it actually is a very simple system. Basically, Keyneism -- that is the current neocon-Western school of thought practiced today amongst American and European circles -- simply suggests not to be too concerned, just go ahead boost consumption and economic activities because there’s always oil to prop up this model like a perpetual machine.

[also see> United States Has Only 12 Years of Own Natural Gas Reserves Remaining http://hamsayeh.net/world/571-united-states-has-only-12-years-of-own-natural-gas-reserves-remaining.html

'Sanctions made Iran self-sufficient' http://www.rebelnews.org/politics/middle-east/789086-sanctions-made-iran-self-sufficient