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The Bartering Nation States: Are Afghanistan & Iran Bartering Gold For Oil?

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Are Afghanistan & Iran bartering gold for oil? Gold shipments are leaving one of the poorest nation’s in the world, Afghanistan, at an interesting rate for that country: approximately $14 million every two weeks.  Used for many things, much of the gold is destined for Iran in exchange for oil, highlighting a broadening bartering economy developing out of the Pentagon’s “full spectrum dominance” reach.

Roughly hewed bars of gold are being flown increasingly from Kabul, Afghanistan to other countries according to Afghan and US officials who fear what, in their mind, is the worst: money laundering via an ageless medium, not on the computer screen’s under the watchful eye of big brother.  The New York Times calls this a “new way” for money launderers to transfer funds.  But, it is truly an old medium, spanning back centuries. Airport security and officials are reporting that most of the gold is being transported via commercial flights destined for Dubai. The amounts carried by a single passenger are enough to raise concern that the bags might fall from overhead, as one passenger carried 60 pounds of gold bars aboard an early morning flight in the middle of October. That lot was worth $1.5 million.

The gold is declared and legal to fly, and most declared as being send by gold dealers seeking to refurbish old and broken jewelry by skilled craftsmen in the Persian Gulf. But, a huge surge in such shipments since the beginning of the summer has spurred interest. The business community in Afghanistan is worried about the implications of a flight of capital, and recently US officials have taken interest of the shipments. Officials are determined to figure out the origin of the gold, as very little is mined in Afghanistan.

“We are investigating it, and if we find this is a way of laundering money, we will intervene,” said Noorullah Delawari, the governor of Afghanistan’s central bank. “I don’t know where so much gold would come from, unless you can tell me something about it,” he said in an interview. Or, as a European official who tracks the Afghan economy put it, “new mysteries abound” as the war appears to be drawing to a close.

In Afghanistan, 90% of financial activity takes place outside of formal banks, except for written contracts. Receipts are rare and statistics inaccurate. Money laundering is a part of daily life.

As a result, with the gold, “right now you’re stuck in that situation we usually are: is there something bad going on here or is this just the Afghan way of commerce?” said a senior American official who tracks illicit financial networks, who clearly does not understand that the US mission was to undermine the Afghan way of life and thus commerce. To destroy the old ways of doing business and remake them in the vision of the global elite, so as to play their role in the play of superstates on the plates of kings.

The gold shipments are one part of an overlying lack of control by US officials in Afghanistan and the region, thus signalling the insanity of the overall Washington Consensus.  Cash smuggling is commonplace, as flights leave Kabul every day with thick wads of bank notes- dollars, euros, Norwegian kroner, Saudi Arabian riyal and other currencies. The notes are stuffed into suitcases, packed into boxes and shrink-wrapped onto pallets. At one juncture, cash was being smuggled via food trays aboard now-defunct Pamir Airways flights to Dubai.

In 2011, Afghanistan’s central bank claims about $4.5 billion in cash was transferred by air. “Afghanistan Reconstruction” has done nothing to bring in a culture of full spectrum dominance, and has only served to shed blood and torment.

The gold is likely being used for a wide array of monetary transactions, not the least of which being Iran possibly buying not only dollars and euros in Afghanistan so as to get around sanctions, but also perhaps gold bullion.

One dealer in Kabul said other gold traders were indeed buying gold for Iran in Afghanistan. Payment was being made in oil or with Iranian rials, which are accepted often in western Afghanistan. The Afghan dealers are taking the gold to Dubai, where the gold is sold for dollars. The money is sometimes then sent to China, where goods are purchased, or back to Iran.

Responsible for taxes on shipments, the Finance Ministry did not have figures. They said that the Commerce Industry would know, which did not.  Airport security forms covering the last two weeks of October indicate about 560 pounds or $14 million worth carried out of Afghanistan during that time period – all that in one of the world’s ten poorest countries.

The post The Bartering Nation States: Are Afghanistan & Iran Bartering Gold For Oil? appeared first on Silver Vigilante.


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