On March 21, The Islamic Republic of Iran will cease using the U.S. dollar in all of its financial reporting. The decision to stop using the dollar as a reference has been in the works for some time but was expedited after the Trump administration decided to include Iran as one of the seven countries banned from entering the United States.
Iranian PressTV reported, “Valiollah Seif, the governor of the Central Bank of Iran, was quoted by domestic media as saying that Iran would either replace the US dollar with a new common foreign currency or use a basket of currencies in all official financial and foreign exchange reports.”
Seif reportedly stated the country of Iran needs a much more stable foreign currency, that the dollar is insignificantly found in exchange houses throughout the country, and Iran would be better-suited trading in European Union Euros, Chinese Yen, or in United Arab Emirates Dirham.
Following Trump’s plan, Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen have all been banned from entering the US for a period of at least 90 days. The decision has angered globalists who see borders as just one more man-made obstacle to freedom to travel the world, as well as anyone with family or conducting business in those countries.
Even with all the angst and outrage, if Iran goes ahead with its plan to replace the dollar in its monetary system, the country’s theocratic leaders run the risk of falling victim to U.S. vengeance.
In fact, the United States is already preparing for potential conflict with Iran, the US has introduced H.J.Res.10 – Authorization of Use of Force Against Iran Resolution.
This resolution was quietly introduced last month with absolutely no media attention in spite of the fact that it “authorizes the President to use the U.S. Armed forces as necessary in order to prevent Iran from obtaining nuclear weapons.”
Other countries and their leaders have attempted to do the same thing as Iran, but it backfired in their faces and they were subsequently invaded by the US. TFTP’s Jay Syrmopoulos reported in January, NATO’s involvement in Libya, “was not for the protection of the people, but instead it was to thwart Gaddafi’s attempt to create a gold-backed African currency to compete with the Western central banking monopoly.”
Likewise, the involvement of the USA in Libya’s affairs, “was also driven by a desire to gain access to a greater share of Libyan oil production, and to undermine a long term plan by Gaddafi to supplant France as the dominant power in the Francophone Africa region.”
Just as in Libya, Iraq’s Saddam Hussein waded into the currency controversy when he announced Iraq would no longer sell Iraqi oil in dollars. According to The New American, “Iraqi despot Saddam Hussein, once armed by the U.S. government to make war on Iran, was threatening to start selling oil in currencies other than the dollar just prior to the Bush administration’s ‘regime change’ (George W. Bush) mission.” The year 2000 Time article stated Saddam’s purpose for making the change was for Iraq to no longer deal “in the currency of the enemy”.In 2006, just prior to Syria’s Bashar Al-Assad being called by U.S. officials as a genocidal war criminal who needs to step down, the Chicago Tribune reported “Syria has switched the primary hard currency it uses for foreign goods and services from the U.S. dollar to the euro in a bid to make it less vulnerable to pressure from Washington. The decree signed by Syrian Prime Minister Naji al-Otari on Monday ordered government bodies and public-sector companies to use euros to pay for foreign transactions.” The announcement may seem insignificant, but it may have been the last straw in an already chilly relationship with Syria. After all, Syria had made business arrangements with nearly all of America’s foes and major competitors; Cuba, Venezuela, Argentina, Iran, Russia, and China.
That plan backfired quickly after the U.S. targeted Assad for removal, going so far as to provide arms and cash to Sunni rebels in a proxy war against Syria’s Assad.
Donald Trump has said he may pursue a more diplomatic solution. However, that is yet to be seen. For the moment, he’s simply banning all immigration from Syria amid talk of establishing “safe zones” for Syrians to be able to remain in their homeland. It remains to be seen if the terms “safe zone” are equivalent to what the previous Bush administrations called “no-fly zones,” a tactical move which led to air superiority over Iraq and Libya, later leading to those countries’ downfalls.
As The Free Thought Project has reported on numerous occasions, Muammar Gaddafi, Saddam Hussein, and Bashar Al-Assad all attempted to move away from the dollar and replace it with another currency. All three saw their countries destroyed. Only Assad remains in power for the moment, protected only by Russia, and Syrian ally Iran. But after Russia withdraws, one could only expect the conflict to resume, with the expressed intents and purposes of overthrowing Syria and allowing for Western companies to enter and exploit Syria’s natural resources, and establish a more dollar-friendly national currency.
Make no mistake, the US has no problem invading Iran and will do so on a whim — all the while, maintain support of the citizens — in the name of spreading freedom.
H/t reader squodgy.
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