Words of Advice:

"Never Feel Sorry For Anyone Who Owns an Airplane."-- Tina Marie

"
If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

"
Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground
Who is Incapable of Understanding or Doing Anything About It.
" -- Unknown

"There seems to be almost no problem that Congress cannot, by diligent efforts and careful legislative drafting, make ten times worse." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Monday, July 1, 2019

What Trump Has Wrought on Iran

Thanks to Trump, the Euros have created an alternative banking system to get around American sanctions on Iran.
The governments of France, Germany and the United Kingdom have developed a special purpose vehicle (SPV) to enable European businesses to maintain non-dollar trade with Iran without breaking U.S. sanctions. That SPV, known as INSTEX, is now up and running.
Note that Russia, China, Japan and other countries are interested in joining INSTEX.

What this may lead to is a long-held goal of the EU, the Russians and the Chinese: Replacing the dollar as a global currency. Trumps grandstanding and going-it-alone on Iran may very well hasten that happening.

Good job, Donnie.

2 comments:

re the paragon said...

That's odd. He doesn't seem to be making America great again. Unless he thinks that America has to be torn down first, in order to meet the "again" part of the slogan.

re the paragon said...

CM, a stylistic quibble. Based on the linguistic precedent established way back in the dark days of the W Bush maladministration, one is supposed to say "heck of a job" when discussing a screw up.