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DetlefK

(16,423 posts)
Sat Jan 11, 2020, 03:48 PM Jan 2020

WSJ: Trump admin holding Iraq's bank-accounts hostage to prevent them from kicking out US forces.

https://www.wsj.com/articles/u-s-warns-iraq-it-risks-losing-access-to-key-bank-account-if-troops-told-to-leave-11578759629
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https://www.rawstory.com/2020/01/trump-administration-threatens-to-deny-iraq-access-to-their-own-money-if-they-boot-out-us-military-report/

On Saturday, the Wall Street Journal reported that the State Department is threatening to revoke Iraq’s access to a national bank account at the Federal Reserve Bank of New York if the country moves to push U.S. troops out of the country.

“Iraq, like other countries, maintains government accounts at the New York Fed as an important part of managing the country’s finances, including revenue from oil sales,” wrote reporters Ian Talley and Isabel Coles. “Loss of access to the accounts could restrict Iraq’s use of that revenue, creating a cash crunch in Iraq’s financial system and constricting a critical lubricant for the economy.”


Oh, good. That will totally make the US look trustworthy.



See also
https://www.cnbc.com/2020/01/11/trump-administration-warns-iraq-could-lose-new-york-fed-account-wsj.html
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WSJ: Trump admin holding Iraq's bank-accounts hostage to prevent them from kicking out US forces. (Original Post) DetlefK Jan 2020 OP
I guess he was right about seizing the oil exboyfil Jan 2020 #1
He's such a failed negotiator. Baked Potato Jan 2020 #2
Hmmmm, Iraq must be serious, isn't this another violation of ICA?!?! uponit7771 Jan 2020 #3
What's to stop them Buzz cook Jan 2020 #4
They're sort of already doing that bitterross Jan 2020 #6
Another Shakedown Me. Jan 2020 #5
WAKE UP AMERICA !!! Haggis for Breakfast Jan 2020 #7
 

bitterross

(4,066 posts)
6. They're sort of already doing that
Sat Jan 11, 2020, 04:40 PM
Jan 2020

They've been making deals with other countries in currencies other than US Dollars. This allows them to continue trading without the need for US Dollars. Deals with - you guessed it - Russia for example.

Putin is getting what he wants. Trump will help Putin de-value the dollar with these tactics.

Haggis for Breakfast

(6,831 posts)
7. WAKE UP AMERICA !!!
Sat Jan 11, 2020, 06:50 PM
Jan 2020
THIS IS WHY THE JAPANESE BOMBED PEARL HARBOR.

They had nothing left to lose at that point.

Desperate people (and nations) will do desperate things.
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