The iron grip the United States maintains over the global financial system – and its propensity to use that power to promote its national interests -was reportedly at play this week after Iraq’s parliament voted on January 7 to urge caretaker Prime Minister Adel Abdul Mahdi to expel all foreign troops from the country.
The Wall Street Journal reports that the Trump administration warned Iraq that if it kicks US forces out of the country, Washington could respond by shutting down Baghdad’s access to a key account Iraq’s central bank holds with the Federal Reserve Bank of New York – an account that is crucial to the management of Iraq’s oil revenues and its overall financial stability.
