US Caves, Grants China 6 Month Exemption on Iran Sanctions

``The Obama team has now spared all 20 of Iran's main oil purchasersfrom unilateral trade sanctions by locking the nations out of the SWIFT payment system. Talk about a FUBAR situation and shooting one's self in the foot. Not only were the threats proven to be all hot air, but the threats of financial weapons of mass destruction against Iran's trade partners  have resulted in the BRIC nations developing their own alternative for the SWIFT payment system, and several nations (including India) changing to gold as the payment for Iranian crude rather than dollars.''