The United States is currently waging economic warfare against one tenth of the world’s countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of more than $15 trillion.
These include Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea and others on which Washington has imposed sanctions over the years, but also countries like China, Pakistan and Turkey which are not under full sanctions but rather targets of other punitive economic measures.
In addition, thousands of individuals from scores of countries are included in the Treasury Department’s list of Specially Designated Nationals who are effectively blocked from the U.S.-dominated global financial system. Many of those designated are either part of or closely linked to their countries’ leadership…
But in recent months it seems that America’s unwavering commitment to fight all of the world’s scourges has brought all those governments and the wealthy individuals who support them to a critical mass, joining forces to create a parallel financial system which would be out of reach of America’s long arm. Should they succeed, the impact on America’s global posture would be transformational.
– From the recent article: The Anti-Dollar Awakening Could Be Ruder and Sooner Than Most Economists Predict
The peak of American empire has already come and gone, a reality not yet widely appreciated due to the continued dominance of the global financial system by the U.S. dollar, still the world’s preeminent reserve currency. U.S. leaders have always used the USD as a weapon, but it’s only in recent years that geopolitical rivals and long-standing allies alike have started to come to an increasingly vocal understanding that the unipolar role played by the U.S. in the world’s centralized financial system is well past its expiration date. Continue reading
WASHINGTON (AP) — The Obama administration secretly sought to give Iran access — albeit briefly — to the U.S. financial system by sidestepping sanctions kept in place after the 2015 nuclear deal, despite repeatedly telling Congress and the public it had no plans to do so.
An investigation by Senate Republicans released Wednesday sheds light on the delicate balance the Obama administration sought to strike after the deal, as it worked to ensure Iran received its promised benefits without playing into the hands of the deal’s opponents. Amid a tense political climate, Iran hawks in the U.S., Israel and elsewhere argued that the United States was giving far too much to Tehran and that the windfall would be used to fund extremism and other troubling Iranian activity.
The report by the Senate Permanent Subcommittee on Investigations revealed that under President Barack Obama, the Treasury Department issued a license in February 2016, never previously disclosed, that would have allowed Iran to convert $5.7 billion it held at a bank in Oman from Omani rials into euros by exchanging them first into U.S. dollars. If the Omani bank had allowed the exchange without such a license, it would have violated sanctions that bar Iran from transactions that touch the U.S. financial system. Continue reading
Exclusive: Tehran will challenge the US by restarting nuclear fuel enrichment and ramp up its military confrontation with Israel. The Iranian leadership reached these decisions on Thursday, May 10, after Israeli warplanes smashed its military assets in the Damascus area that morning, DEBKAfile’s exclusive intelligence sources report. These steps follow the strategic plans Tehran had drawn up for the eventuality of the US quitting the 2015 nuclear pact. In the coming weeks, therefore, Tehran will choose its moment to abandon the nuclear deal and restart high level uranium enrichment, in the face of President Donald Trump’s warning that this action would meet with “very severe consequences.” In light of Iran’s strategy, the US, after quitting the nuclear deal, Thursday asked the nuclear watchdog IAEA to continue inspections of the Iranian nuclear program. Washington intends to keep independent monitors accessing Iran’s nuclear activities for as long as they are permitted. Continue reading
Newly-released FBI documents obtained by Clarion Project confirm Clarion’s reports that Jamaat ul-Fuqra is training members in isolated communes across America and Canada.
The group’s “Islamberg” headquarters in upstate New York is its most well-known “Islamic village.”
Fuqra, which now goes by the name of the Muslims of the Americas (MOA) among other titles, is a cultish Islamist group with a history of crime and terrorism. The group is led by Sheikh Mubarak Ali Gilani in Pakistan. Continue reading
For the past year, Chinese selling of Treasuries has vexed investors and served as a gauge of the health of the world’s second-largest economy.
The People’s Bank of China, owner of the world’s biggest foreign-exchange reserves, burnt through 20 percent of its war chest since 2014, dumping about $250 billion of U.S. government debt and using the funds to support the yuan and stem capital outflows.
While China’s sales of Treasuries have slowed, its holdings of U.S. equities are now showing steep declines. Continue reading
The same Muslim Brotherhood that visited him in the White House soon after he won the 2008 presidential elections, and again in 2015.
The Baltimore mosque President Obama has chosen as the first U.S.-based mosque to visit during his presidency has deep ties to extremist elements, including to the Muslim Brotherhood.
The White House announced on Saturday that Obama will visit the Islamic Society of Baltimore (ISB) on Wednesday. He has visited several mosques overseas as president but has resisted visiting one in the homeland. The purpose of the trip, according to the White House, is to “celebrate the contributions Muslim Americans make to our nation and reaffirm the importance of religious freedom to our way of life.”
But ISB is a curious choice for Obama’s first domestic visit. Continue reading
The Obama administration has paid a “ransom” of $1.7 billion in U.S. taxpayers’ funds to Iran for the release of American hostages, critics and Iran officials said.
The administration insists the payment was a decades-old legal settlement with Teheran and was not tied to the recent release of five American hostages, according to a report by the Washington Free Beacon. The payment was made to Iran prior to the hostages being freed. Continue reading
Create ISIS, then bomb them… but only a few — at least until the wish of Syria and/or Iran being toppled is fulfilled. Then their purpose is fulfilled. That’s how it works.
The US military is only seeking to deny Islamic State forces sanctuary, not destroy them, Marine Corps Commandant General Joseph F. Dunford, Jr. told the Senate Armed Services Committee, the Department of Defense News reported.
WASHINTON (Sputnik) — Dunford made the remarks during his confirmation hearing to be the next Chairman of the Joint Chiefs. If confirmed by the Senate, Dunford will take over as Joint Chiefs Chairman from Army General Martin E. Dempsey on October 1, 2015. Continue reading
Emergency masks, solar blankets to be delivered to every major bank in the U.S.
The Department of Treasury is seeking to order survival kits for all of its employees who oversee the federal banking system, according to a new solicitation.
The emergency supplies would be for every employee at the Office of the Comptroller of the Currency (OCC), which conducts on-site reviews of banks throughout the country. The survival kit includes everything from water purification tablets to solar blankets. Continue reading
Multiple companies currently exploring new business ventures in Iran are also cashing in on highly lucrative contracts with the U.S. Defense Department, raising questions about whether their dealings with Iran could run afoul of U.S. law.
At least 13 major international companies have said in recent weeks that they aim to reenter the Iranian marketplace over the next several months. The companies have received Pentagon contracts totaling well over $107 billion, according to a Washington Free Beacon analysis that tracked DoD contracts awarded since fiscal year 2009. Continue reading
Combine this with Bank of America’s warning that “the US Dollar is in trouble” and you can see that the cliff America is heading towards without brakes isn’t too far away.
While we will have more to say about the disastrous December TIC data shortly, which was released early today, and which showed a dramatic plunge in foreign purchases of US securities in December – the month when the S&P soared to all time highs and when everyone was panicking about the 3% barrier in the 10 Year being breached and resulting in a selloff in Tsy paper – one thing stands out. The chart below shows holdings of Chinese Treasurys (pending revision of course, as the Treasury department is quite fond of ajdusting this data series with annual regularity): in a nutshell, Chinese Treasury holdings plunged by the most in two years, after China offloaded some $48 billion in paper, bringing its total to only $1268.9 billion, down from $1316.7 billion, and back to a level last seen in March 2013! Continue reading
America is a great land and lures immigrants worldwide, yet record numbers of U.S. citizens and permanent residents are giving up their citizenship or residency. For all the immigrant arrivals the trickle the other direction is increasing. The number is still small, with the “published” expatriates for the quarter 630 for the last quarter of 2013.
That brings the total number to 2,999 for all of 2013. The previous record high for a year was 1,781 set in 2011. It’s a 221% increase over the 932 who left in 2012. You can call it a shaming or a public record, but the Treasury Department is required to publish a quarterly list of Americans who renounced their U.S. Citizenship or terminated their long-term U.S. residency. The public outing puts Americans on notice who relinquished their rights. Continue reading
US Treasury Secretary Jacob Lew warned Monday that the US is on course to hit its so-called debt ceiling, the limit to which it can legally borrow, by the end of the month.
He called on Congress to raise it immediately to prevent the issue from harming the economic recovery, adding that the government would start defaulting on its debt “very soon” if it failed to act.
Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.
In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government. Continue reading
As usual, DEBKAfile proves to be spot on and ahead of the curve. The deal was done months before it came to light. This is anything but a peaceful measure since the Iranians give nothing away in return for being let off the leash. As a result, war is imminent, as Israel is now backed into a corner and tasked with protecting its very own existence by means of preemptive strike, or option two, which is to get hit first. The former will likely be what happens. As also was mentioned beforehand, in order to somewhat gauge what direction things will turn, look no further than what leaves Israel with the proverbial short end of the stick. In the end, by design, its aim is to paint Israel as the neighborhood aggressor, enabling a “justified” reason to end the Jewish state’s existence.
Two previous articles highlight what has (already) transpired:
Long before a nuclear deal was in reach, the U.S. was quietly lifting some of the financial pressure on Iran, a Daily Beast investigation reveals. How the sanctions were softened.
The Obama administration began softening sanctions on Iran after the election of Iran’s new president in June, months before the current round of nuclear talks in Geneva or the historic phone call between the two leaders in September.While those negotiations now appear on the verge of a breakthrough the key condition for Iran—relief from crippling sanctions—began quietly and modestly five months ago. Continue reading