Monday, November 5, 2018

Chaos Reigns in Trump Administration over Iranian Sanctions

Click here to access article by Tom Luongo from Strategic Culture Foundation.
Sanctions may indeed be coming but will they have the bite that Donald Trump is hoping for?
Although the author doesn't make a very good case that "chaos reigns" in the Trump administration, he rather convincingly argues that Iran and other countries which are the latest target of US economic warfare are in far better shape to cope than previously. Also, the USA is giving out a number of waivers that exempt many nations which will continue to do business with Iran without facing any secondary sanctions. 
So, unlike in 2012, Iran has a lot more friends. But those friends also have a lot more power and resources than they had back then. A Russian alternative to SWIFT is not only a viable work-around for the sanctions it is the birth of a new and parallel regional monetary system at a time when there is a growing fear of a political and financial meltdown just over the horizon in the West.