Over the past two years, the White House has initiated trade disputes, insulted allies and enemies alike, and withdrawn from or refused to ratify multinational treaties and agreements. In-depth Report: IRAN: THE NEXT WAR? That likely means that Washington will resort to secondary sanctions on the Europeans, a move that will definitely make the bilateral relationship even more poisonous than it already is. Trump has already been “threatening penalties against the financial body created by Germany, the U.K. and France to shield trade with the Islamic Republic from US sanctions.” The Treasury’s undersecretary for terrorism and financial intelligence, Israeli Sigal Mandelker, warned in a May 7th letter that “I urge you to carefully consider the potential sanctions exposure of Instex. The rest of the world is chipping away at the US dollar’s status as the reserve currency. Well the worm has finally turned, maybe. Goodbye Dollar, It Was Nice Knowing You! Goodbye Dollar, It Was Nice Knowing You! It used to be that as one grew older their experience developed wisdom that could help guide succeeding generations. The Treasury’s undersecretary for terrorism and financial intelligence, Israeli Sigal Mandelker, warned in a May 7 th letter that “I urge you to carefully consider the potential sanctions exposure of Instex. This website uses cookies in order to improve your browsing experience. This produced an immediate response from Secretary of State Mike Pompeo last week speaking in New Delhi “If there is conflict, if there is war, if there is a kinetic activity, it will be because the Iranians made that choice.” Nevertheless, Instex could possibly be a model for mechanisms that will allow Iran to sell its oil without hindrance from Washington. Have a nice life and a nice owner. Trump has already been “threatening penalties against the financial body created by Germany, the U.K. and France to shield trade with the Islamic Republic from US sanctions.” The Treasury’s undersecretary for terrorism and financial intelligence, Israeli Sigal Mandelker, warned in a May 7th letter that “I urge you to carefully consider the potential sanctions exposure of Instex. You're saying good-bye when you mean good riddance. Engaging in activities that run afoul of US sanctions can result in severe consequences, including a loss of access to the US financial system.”, Indeed, the White House appears to be willing to engage in economic warfare with Europe over the issue of punishing Iran. It has also expanded the reach of its unilaterally imposed rules, forcing other nations to abide by its demands or face economic sanctions. Over the past two years, the White House has initiated trade disputes, insulted allies and enemies alike, and withdrawn from or refused to ratify multinational treaties and agreements. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. Joe Biden’s Vision of Normal Raises Concerns. Over the past two years, the White House has initiated trade disputes, insulted allies and enemies alike, and withdrawn from or refused to ratify multinational treaties and agreements. I wish all of you … By Philip Giraldi. It has also expanded the reach of its unilaterally imposed rules, forcing other nations to abide by its […] Goodbye Dollar, It Was Nice Knowing You! Over the past two years, the White House has initiated trade disputes, insulted allies and enemies alike, and withdrawn from or refused to ratify multinational treaties and agreements. https://www.strategic-culture.org/news/2019/07/04/goodbye-dollar-it-was-nice-knowing-you/ Goodbye Dollar, It Was Nice Knowing You! Republishing is welcomed with reference to Strategic Culture online journal. Goodbye Dollar, It Was Nice Knowing You! The US withdrawal in an attempt to destroy the “plan of action” was therefore viewed extremely negatively by all the other signatories and their anger increased when Washington declared that it would reinstate sanctions on Iran and also use secondary sanctions to punish any third party that did not comply with the restrictions on trade. Have fun though in whatever you do. It is called the Instrument in Support of Trade Exchanges (Instex) and it will permit companies in Europe to do business with countries like Iran, avoiding American sanctions by trading outside the SWIFT system, which is dollar denominated and de facto controlled by the US Treasury. … Twitter. 13. Major European powers Germany, France and Great Britain, as well as Russia and China, were all signatories and the agreement was endorsed by the United Nations Security Council. It is the first major step in moving away from the dominance of the dollar as the world’s trading and reserve currency. Crosspost on your blog site, internet forums. Note to readers: please click the share buttons above or below. To obtain a bird's eye is to turn a blizzard to a breeze. We Were All Wrong About Trump. necessarily represent those of the Strategic Culture Foundation. But (like "see you later") it can be used as a sarcastic brush-off. And if the dollar ceases to be the world’s trade and reserve currency, what of it? Forward this article to your email lists. Posted on December 31, 2020 by mscurlgurl78. 15 Answers. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]. O ver the past two years, the White House has initiated trade disputes, insulted allies and enemies alike, and withdrawn from or refused to ratify multinational treaties and agreements. necessarily represent those of the Strategic Culture Foundation. It’s very straightforward.”. The Mystery of Death: Goodbye, Planet Earth, It's Been Nice Knowing You! Everyone else is keen to get out from under the American heel. Instead...a few whimpers, then silence, then acquiescence. A global trade war is a distinct possibility and, as observed above, the abandonment of the dollar as the international reserve currency is a possible consequence. Over the past two years, the White House has initiated trade disputes, insulted allies and enemies alike, and withdrawn from or refused to ratify multinational treaties and agreements. Pandemic Opportunities Arise for Trump but Will He Take Them? It is perhaps not unreasonable to wish the Europeans success, as they are supporting free trade while also registering their opposition to the White House’s bullying tactics using the world financial system. Just ignore them, they go away eventually! Will miss you, but time has come to leave this place forever. You can use this expression to say goodbye to someone you already know. In other words, this is what you say when you are saying farewell forever: "Too bad you're moving to Texas. Right-Wing Generals Calling for a Military Coup: A Long History, President Biden’s Corruption Already Pervades His Administration, Election Day Information Blackout Shows U.S. Media Is No Friend of the People. 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