Europe Finally Has an Excuse to Challenge the Dollar
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Europe Finally Has an Excuse to Challenge the Dollar
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Re: Europe Finally Has an Excuse to Challenge the Dollar
#2[deleted]
Re: Europe Finally Has an Excuse to Challenge the Dollar
#3Sanctions are one of the most powerful tools in the US toolbox short of war. In fact it's more important than war when dealing with Great Power adversaries because they have nukes. The US should aggressively block any attempt to get around it.
Trump shouldn't have pulled out of the Iran deal, but preserving that power for the future is more important.
Here's a good article about OFAC, the Treasury Department group that handles sanctions:
https://www.reuters.com/article/us-usa-sanctions-insight-idU...
Re: Europe Finally Has an Excuse to Challenge the Dollar
#4>Such transactions, presumably in euros and pounds sterling, would not be transparent to American authorities.
Then why make this plan public?
Re: Europe Finally Has an Excuse to Challenge the Dollar
#5Sanctions are one of the most powerful tools in the US toolbox short of war. In fact it's more important than war when dealing with Great Power adversaries because they have nukes. The US should aggressively block any attempt to get around it. Trump shouldn't have pulled out of the Iran deal, but preserving that power for the future is more important. Here's a good article about OFAC, the Treasury Department group th…
I've always found it fascinating to link the stand of an entire country to a single person or a group of people. For instance when we say, the U.S. has imposed X sanctions, it's weird to think that it's simply the work of a small group of people. I am doing an awful job at wording my thought, but what I am trying to say that putting a human face/name on an entire country's action makes it interesting.
Re: Europe Finally Has an Excuse to Challenge the Dollar
#6Sanctions are one of the most powerful tools in the US toolbox short of war. In fact it's more important than war when dealing with Great Power adversaries because they have nukes. The US should aggressively block any attempt to get around it. Trump shouldn't have pulled out of the Iran deal, but preserving that power for the future is more important. Here's a good article about OFAC, the Treasury Department group th…
Sanctions are a type of war on civilians. Great power adversaries are no worse than allies like Saudi Arabia. American unilateralism is evil, and it has to end. The sooner the better!
Re: Europe Finally Has an Excuse to Challenge the Dollar
#7> Such transactions, presumably in euros and pounds sterling, would not be transparent to American authorities. Then why make this plan public?
I think it's not a clandestine operation but just a challenge to the US demands, therefore it's public?
US: Don't trade with Iran because politics
UK, DE, FR, CN, RU: Sorry, We like the deal we made and we would like to trade with Iran.
US: If any company trades with Iran, won't be able to trade with the USA. Make your choise.
UK, DE, FR, CN, RU: Okay then, we will create an infrastructure where the USA won't be able to legally identify and sanction our companies that trade with Iran.
Re: Europe Finally Has an Excuse to Challenge the Dollar
#8Sanctions are one of the most powerful tools in the US toolbox short of war. In fact it's more important than war when dealing with Great Power adversaries because they have nukes. The US should aggressively block any attempt to get around it. Trump shouldn't have pulled out of the Iran deal, but preserving that power for the future is more important. Here's a good article about OFAC, the Treasury Department group th…
Sanctions are a type of war on civilians. Great power adversaries are no worse than allies like Saudi Arabia. American unilateralism is evil, and it has to end. The sooner the better!
Russia invades another country. You are the President of the US. Your options are:
1.) Do nothing. Poland, and the parts of Germany that used to be East Germany, might not like the long term consequences of this plan.
2.) Start a nuclear war, killing hundreds of millions of people. A few disadvantages to this plan as well.
3.) Economic sanctions. You can certainly say this will kill people by way of depressing GDP growth. Will it kill fewer people than a full nuclear exchange between the US and Russia?
Re: Europe Finally Has an Excuse to Challenge the Dollar
#9Sanctions are one of the most powerful tools in the US toolbox short of war. In fact it's more important than war when dealing with Great Power adversaries because they have nukes. The US should aggressively block any attempt to get around it. Trump shouldn't have pulled out of the Iran deal, but preserving that power for the future is more important. Here's a good article about OFAC, the Treasury Department group th…
Sanctions are a type of war on civilians. Great power adversaries are no worse than allies like Saudi Arabia. American unilateralism is evil, and it has to end. The sooner the better!
There's good and bad to America being able to do things unilaterally. The bad is stuff like the Iraq War. But two examples of its good are the Foreign Corrupt Practices Act, which has global reach and has been used in enforcement actions against international businesses operating internationally, and more recently the Magnitsky Act.
Both of these are the best exports of American influence and require the US to be at the center of all things financial.
Re: Europe Finally Has an Excuse to Challenge the Dollar
#10Sanctions are one of the most powerful tools in the US toolbox short of war. In fact it's more important than war when dealing with Great Power adversaries because they have nukes. The US should aggressively block any attempt to get around it. Trump shouldn't have pulled out of the Iran deal, but preserving that power for the future is more important. Here's a good article about OFAC, the Treasury Department group th…
Why does the US get to unilaterally decide who gets sanctioned and who doesn't?
Europe has a lot more to loose on an unstable Iran than the US and can't risk deals being undone because the US has a new regime every 4 years.