sanctions

As US and EU Prove Unreliable Partners for Peace, Iran looks East

On the 40th anniversary of the Islamic Revolution, this past Friday, Supreme Leader Ayatollah Khamenei made an effort to express Iran’s geopolitical stance in simple terms: ‘We have good relations with all nations in the world, we don’t want to break relations with any European nation’, and an explanation of the slogan ‘Death to America’.
The Ayatollah said ‘Death to America’ “means death to Trump, John Bolton, and Mike Pompeo. It means death to American rulers. We have no problems with the American people.”

The Venezuela Myth Keeping Us From Transforming Our Economy

Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert and Bernie Sanders advisor Prof.

Oil, Agriculture and Imperialism: Averting the Fast-Track to Armageddon?

US National Security Advisor John Bolton has more or less admitted that the ongoing destabilisation of Venezuela is about grabbing its oil. He recently stated:

We’re looking at the oil assets… We’re in conversation with major American companies now… It will make a big difference to the United States economically if we could have American oil companies really invest in and produce the oil capabilities in Venezuela.

The Truth About US Sanctions on Venezuela, and Why the Media Gets it Wrong

Last week, the US formally adopted sanctions on Venezuelan national oil company PDVSA, as well as on CITGO, its US-based distribution arm, as part of its press for regime change in Caracas. National Security Advisor John Bolton estimated the actions would affect some $7 billion in assets and would block $11 billion in revenue to the Venezuelan government over the next year.

France, Germany, UK Launch a New ‘Non-Dollar’ Mechanism to Trade with Iran, But Will it Work?


Patrick Henningsen

21st Century Wire
Money talks, and no one knows this better than the current occupant of 1600 Pennsylvania Avenue. It’s how the Trump Administration communicates with its enemies, as well as with its allies – through the application powerful long-range financial instruments. But Europe is moving in for another attempt at breaking Washington’s blockade of Iran.

EU Launches INSTEX To Facilitate Trade, Bypass US Sanctions on Iran

In a move sure to unleash fury from the Trump administration, the European Union has announced it has set up a transactions channel with Iran to bypass U.S. sanctions. The launch of INSTEX — or “Instrument in Support of Trade Exchanges” — by France, Germany, and the UK will allow non-dollar trade with Iran and is being described as facilitating humanitarian goods-related transactions only, including food, medicine, and medical equipment.