Renewing sanctions against Iran could be the final straw in ending dollar hegemony

by Kenneth Schortgen, Rogue Money:

On Oct. 15, President Donald Trump is expected to de-certify the Iran deal brokered by former President Barack Obama months before his tenure in office was up.  And despite all the outcries from the neo-con establishment that Obama and the White House was ‘bowing down’ to another world leader and government when the deal allowed for a removal of economic sanctions, the reality is that Iran is not a terrorist threat on the nuclear stage, but are instead being persecuted because they are an even greater threat to the monetary hegemony of the U.S. empire.

One has to wonder if President Trump is himself bowing down to the Israeli cabal by calling for Congress to re-enact economic sanctions, and notifying the Treasury Department to prepare for the locking out of Iran from the Swift system.  Because ever since Iran became unfettered from their monetary shackles, the Islamic country has proven itself to be a staunch ally in the war on terror when they aided in the bringing down of ISIS, and in addition have been acting as a peaceful neighbor to their long-standing enemies over in Iraq.

“Iran, not Israel, faces an existential threat, according to a top US analyst who is considered one of the world’s leading scholars on the Iranian nuclear issue.

In a research paper published last week, Anthony Cordesman of the Center for Strategic and International Studies (CSIS) said that, in preparation for a nuclear Iran, Israel has been working in recent years to extend the range of its missiles, and that it now poses a real threat to all of the Islamic Republic’s major population centers.

“Israel now poses a more serious existential threat to Iran than Iran can pose to Israel in the near term,” he wrote. ”

— Times of Israel

More importantly on the geo-political front, Iran has for all intents and purposes moved into Russia’s camp.  And as we know from the history of U.S. – Soviet/Russian confrontations, Washington always strives to attack proxies vs. taking on Moscow head on.

Yet there is perhaps an additional threat to America that President Trump appears to be ignoring, and that can be seen from the early reactions by Europe who stand to lose a great deal should they be forced to follow once again in lock-step with the will of Washington in the game of economic sanctions.

“We, the Leaders of France, Germany and the United Kingdom take note of President Trump’s decision not to recertify Iran’s compliance with the Joint Comprehensive Plan of Action to Congress and are concerned by the possible implications.

We stand committed to the JCPoA and its full implementation by all sides. Preserving the JCPoA is in our shared national security interest. The nuclear deal was the culmination of 13 years of diplomacy and was a major step towards ensuring that Iran’s nuclear programme is not diverted for military purposes. The JCPoA was unanimously endorsed by the UN Security Council in Resolution 2231. The International Atomic Energy Agency has repeatedly confirmed Iran’s compliance with the JCPoA through its long-term verification and monitoring programme. Therefore, we encourage the US Administration and Congress to consider the implications to the security of the US and its allies before taking any steps that might undermine the JCPoA, such as re-imposing sanctions on Iran lifted under the agreement.

At the same time as we work to preserve the JCPoA, we share concerns about Iran’s ballistic missile programme and regional activities that also affect our European security interests. We stand ready to take further appropriate measures to address these issues in close cooperation with the US and all relevant partners. We look to Iran to engage in constructive dialogue to stop de-stabilising actions and work towards negotiated solutions.”

— Zerohedge

As a negotiator and diplomat, President Trump has proven himself incompetent when it comes to most foreign policies, and this was proven out early in his administration when he accused Bashir Assad of using chemical weapons on his people without a shred of proof, or even the logic to realize how insane that type of attack from the government would be in light of their successes against ISIS and the so-called moderate rebels.  And should Trump continue on this course of action by de-certifying the Iran nuclear accords and imposing a renewal of economic sanctions, it could end up being the final straw that breaks the camel’s back because it will send a clear signal to every nation in the world that if your economy and financial systems rely upon dollars, then you are not safe from the whims of a government that is willing to do anything to protect its hegemony.

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