Iranian President Ahmadinejad is discounting the effectiveness of trade sanctions against his nation:
26 January 2012
Iranian President Mahmoud Ahmadinejad said Thursday that his country’s economy would not be damaged by newly imposed Western sanctions, AFP reported. “At one point our trade with Europe was around 90 percent but now it is only approximately 10%, and even this 10% we don’t need… History has shown that the Iranian nation can not be hurt [by Western sanctions],” Ahmadinejad said.
Ahmadinejad’s comment came just one day after he agreed to increase bank interest rates on bank deposits up to 21%, hoping to halt a spiraling currency crisis intensified by the new sanctions. http://www.jpost.com/IranianThreat/News/Article.aspx?id=255250
While the Iranian President seems to wish to brag that Iran’s economy will not be harmed, the reality of a 21% rate of interest suggests otherwise. Furthermore, one of Iran’s major trading partners is Syria, another nation subject to European and other sanctions, these sanctions will affect Iran as well. While China is a large trading partner and is opposed to the sanctions, Iran is not such a needed partner for China that it will not consider switching sides if the international cost of trade with Iran gets too high.
The President of Iran seems himself to want to calm Iranians for the time being. But he does not actually wish to promote peace, as that is not his agenda (see Iran’s Ahmadinejad Does Not Want Peace).
Perhaps it should be mentioned that the President of Iran believes that ultimately it is his special calling to create enough chaos in order to stimulate the arrival of an Islamic leader that he and others refer to as the Imam Mahdi. This leader is supposed to unite Islam and root out problems within its religion. But Iran is not quite ready for that yet, though its leadership believes that the Iman Mahdi has made his presence known (Mahmoud Ahmadinejad: World Order About to Collapse, Mahdi Behind it) and it hopes that he will become publicly known soon (see Iran’s Leader Preparing for ‘Armageddon’ and the Imam Mahdi).
For various reasons, the Imam Mahdi sounds a lot like the final King of the South that the Bible foretells (Daniel 11:40-43). And he may be part of a deal that will affect the USA and its Anglo-allies (Psalm 83). And this will not be good.
Some articles of possibly related interest may include:
The Arab and Islamic World In the Bible, History, and Prophecy The Bible discusses the Arab and Persian world in prophecy. What is ahead for the Middle East and those who follow Islam? What does Islam teach about the Imam Mahdi?
Is There A Future King of the South? Some no longer believe there needs to be. Might Egypt, Islam, Iran, Arabs, or Ethiopia be involved? Is he the Imam Mahdi? What does the Bible say?
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel.
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon?