Gal Luft: The anti-dollar awakening could be ruder and sooner than most think

Section:

By Gal Luft
CNBC, New York
Monday, August 27, 2018

The United States is waging economic warfare against one tenth of the world's countries with cumulative population of nearly 2 billion people and combined gross domestic product 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.

... Dispatch continues below ...



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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. ...

... 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 that would be out of reach of America's long arm. Should they succeed, the impact on America's global posture would be transformational. ...

... For the remainder of the report:

https://www.cnbc.com/2018/08/27/the-anti-dollar-awakening-could-be-ruder...

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