US skulduggery putting entire world at risk
US President Donald Trump decided to withdraw from the Iran nuclear agreement and now Secretary of State Mike Pompeo has unveiled a list of 12 demands with which the White House knows Iran is incapable of complying.
Trump simply doesn’t want any deal. The alleged nuclear and missile issues are just a smokescreen. The US just wants to slap extraterritorial sanctions on Iran.
By sanctioning Iran and Russia, Trump hopes to put a brake on the Iran-Russia-China consortium that is trading oil in currencies other than US dollars.
The yuan is gaining momentum in replacing the dollar among a growing list of countries. That is the real threat – the challenge to the supremacy of the dollar – and the real motive behind the US trade war against China.
America itself is already a net exporting country for petrol and natural gas. Trump wants a share of the energy market in Europe, and to keep Iran and Russia out. The sanctions could delay two pipeline projects – the Nord Stream 2 gas pipeline connecting Russia and Germany and the a new pipeline connecting Iran to Europe via Turkey.
To safeguard their own interests, Germany, France and Britain are trying to keep the Iran nuclear deal alive without the US.
A new financial crisis is brewing after the US Federal Reserve increased the benchmark interest rate, with Argentina likely to be the first to fall victim. We should not be surprised to see more knee-jerk responses and demands from Trump trying to pull his country out of its financial predicament.
Yingwai Suchaovanich
