The United States is no stranger to waging financial warfare, observes David Katz. What’s different now, however, is its unique position within global financial markets. It’s enabling Washington to project power in cutting edge ways.
Imagine warfare waged in financial cyberspace: electronic, remote, fought in hypervelocity with millions of engagements per second, and with nations forced to construct redundant systems, sacrificing billions in economic efficiency for survival capacity. Financial warfare strikes can blockade vital industries; delink countries from the global marketplace; bankrupt sovereign economies in the space of a few days, and cause mass exoduses, starvation, riots, and regime change. Continue reading