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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.32-0.5%Jan 16 4:00 PM EST
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To: TobagoJack who wrote (122607)10/8/2016 12:26:22 PM
From: elmatador3 Recommendations

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Haim R. Branisteanu
marcher

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dollar’s unrivalled position as the currency of choice for international trade provided them with a unique weapon against America’s enemies – and, increasingly, the world’s banks


For example, foreign banks who did not comply with US sanctions, irrespective of what they privately thought of them or the diplomatic stance of their home countries, faced massive fines. They could, in theory, refuse to pay these fines. But they risked being locked out of the dollar-clearing market, which, given that the greenback is the world’s reserve currency, effectively means being locked out of the global financial system. Not so much a carrot-and-stick approach; more like stick-and-stick.

Deutsche Bank is latest victim of America’s bullying regulatory tactics
telegraph.co.uk
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