Trump Blackmails Iraq to Keep US Troops, Threatening to Close Their Oil Account at Fed – 21st Century Wire

Trump Blackmails Iraq to Keep US Troops, Threatening to Close Their Oil Account at Fed – 21st Century Wire

It wasn’t enough to mount drone attacks which assassinated Iraq’s military leadership, along with killing some 50 Iraqi police and soldiers in the process. Now, faced with the prospect of seeing its 5,000 troops and military personnel kicked out of Iraq, the Trump Administration has now resorted to blackmailing Baghdad by threatening to close the country’s crucial oil trading account at the US Federal Reserve.

More than any single move, this latest episode of international racketeering demonstrates the financial power Washington has accrued in the post-World World II era, which allows the US government to subjugate its client states by gaming the global financial system – currently dominated by the fiat US dollar.

Trump’s latest provocation came just one week after the Iraqi parliament had voted to notify caretaker Prime Minister Adel Abdul Mahdi to begin the process of expelling all foreign troops from their country.

According to a report in the Wall Street Journal, the White House warned Iraq that if it dared to kick US forces out of their country, then Washington would respond by closing down Baghdad’s access to its own dollar-denominated central banking facility located at the US Federal Reserve Bank in New York – a move which would surely trigger administrative and economic instability for Iraq.

via Trump Blackmails Iraq to Keep US Troops, Threatening to Close Their Oil Account at Fed – 21st Century Wire