No. of Recommendations: 7
In his presser yesterday, Bessent talked about how Iran's counterparties will be given an unspecified amount of time to correct their behavior. During the Q&A, someone asked why not start the sanctions, which effectively weaponize the Dollar, now? The puzzlewit inadvertently spoke the truth.
Bessent Unveils Iran Sanctions Regime He Admits Could “Blow Up” Global Economy
Bessent even acknowledged in his press conference that implementing the sanctions regime all at once would cause major global turmoil.
“Why would I want to blow up the global financial system?” he said.truthout.org - Bessent unveils iran sanctions regime he admits could blow up global economyHe effectively said "do as the US says, or the US will commit financial suicide", which would probably include the Dollar losing reserve status. So, the BRICS lead the shift to another currency, like the Yuan, China being the next largest economy, and, compared to this banana republic, projecting an image of stability and rule of law.
If the US blew up the global economy, for spite, the biggest losers would be the Bazillionairs that Trump snuggles with. Therefore, the sanctions will not be implemented. The delay, supposedly to allow countries to correct their behavior, is nothing but a delay tactic to get past the election. Once past the election, the Proles have spent what little leverage they have at the Polls, and are, again, irrelevant. Trump the Conqueror can press ahead with whatever sort of war he wants, in as many places as he wants, with impunity.
Steve