International Emergency Economic Powers Act - Monetary system used as a weapon

[admin]

What do you think ?

The IEEPA authorizes the president to declare the existence of an "unusual and extraordinary threat... to the national security, foreign policy, or economy of the United States" that originates "in whole or substantial part outside the United States

President Donald Trump used the IEEPA extensively, sanctioning more than 3,700 entities and invoking 11 national emergency declarations (out of the 13 that he declared overall) relying primarily or exclusively on IEEPA authority during his 2017–21 term; Trump also used or threatened use of its powers in unconventional and unprecedented manners (including executive actions utilizing powers under the act that prompted legal challenges)

In September 2020, the Trump administration sanctioned and imposed visa restrictions on two International Criminal Court (ICC) officials, prosecutor Fatou Bensouda and Jurisdiction Complementarity and Cooperation Division Director Phakiso Mochochoko, over the court's investigation into allegations of war crimes committed by the U.S. and Israel in Afghanistan and the Palestinian territories, respectively.

2023    imposed on China   Reason: Development of technologies and products to counter US national security capabilities   Against: Investment transactions that contribute to such development

[DrBeer]

The modern world has come to the point where very few wars in the classical sense are fought. But economic, financial, hybrid wars are fought all the time. The modern world is used to the good life, and does not want to see destroyed cities and corpses of people. It's scary and it's-- IT'S NOT PROFITABLE. It is much easier to create certain conditions, when the enemy will be left without finances, economy, or the ability to influence or produce something. And through economic problems - it is possible to change the ruling elites and redistribute favorable contracts, which will bring the winner huge profits for many years or decades. Even the "capture" of countries nowadays is done without a single shot, but simply by creating a certain situation. A "good" example is Chinese investments, for example in Srilanka, read the story there, it is very revealing

[MrSpasybo]

The modern world has come to the point where very few wars in the classical sense are fought. But economic, financial, hybrid wars are fought all the time.
~
It is much easier to create certain conditions, when the enemy will be left without finances, economy, or the ability to influence or produce something. And through economic problems - it is possible to change the ruling elites and redistribute favorable contracts, which will bring the winner huge profits for many years or decades. Even the "capture" of countries nowadays is done without a single shot, but simply by creating a certain situation.

We have the term "monetary war" to call a new form of competition between countries, or a new type of cold war in modern era.

Issuing sanctions, threatening to cut off rights or creating debt traps to manipulate another country is gradually becoming common globally, and is even being rewritten with both history and conspiracy theories. From the USD-petroleum system to BRICS, from China's "One Belt, One Road" plan to dependent and confrontational relationship EU-Russia, we see monetary wars being opened on all fronts and becoming more terrifying in a flat world.

At least, I want to express a clear opinion: I do not support any form of war, but because I am afraid of the expansion from China and its accomplices, I agree with Trump's toughness and actions.

I'm quite curious: can Bitcoin and crypto have any positive impact on the current world situation? Clearly, although competition is encouraged because it creates development, we need cooperation rather than confrontation. In the future, decentralization could help crypto become a common currency for countries, or at least BTC could become the standard of a new global currency. Economic prosperity will create political stability globally 🚀🚀🚀