John McGlynn’s exhaustive explanation in Japan Focus
Chris Floyd condenses it here:
McGlynn’s article, in Japan Focus, is long and complex – necessarily so, in order to detail the intricate punitive mechanisms involved, and their earlier test run against North Korea in 2005. You should read the article in full, but to put it briefly, last week the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), set in motion a process that could make any bank or financial institution in the world that does business with Iran subject to an economic death sentence: complete exclusion from the U.S. financial system. McGlynn, speaking plainly and with no addition, calls the move “a declaration of war on Iran.”
Of course our sanctions killed an untold number of Iraqi children before we sent the Army in to finish the job. Now it seems it is Iran’s turn:
Now the screws are growing even tighter. And the effects will be devastating – not to the leaders of Iran, of course, but, as with the genocidal sanctions against Iraq, to Iran’s general population – a population, as we noted recently, made up overwhelmingly of young people and children: almost 70 percent of Iranians are under 30. As McGlynn puts it:
I seriously wonder if the American people even give a shit. But this will come back to us. When we do strike Iran and they retaliate with sunburn missiles and the carrier USS Enterprise heels over in the Gulf with all hands, don’t come crying for revenge to me. We will have long ago struck the first blows against a country that had not, by any serious measure, attacked us.

