An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, January 23, 2021
I Wouldn't Even Post About It. — Andrei Martyanov
The color revolution in Russia and maidan in Moscow that wasn't.
So this is what I am reading sitting next to my father, keeping him company:
Trump’s Inexplicable Crusade to Help Iran Evade Sanctions The U.S. president never could grasp that shielding Turkey’s Halkbank for Erdogan would make Iranian sanctions evasion easier.
BY KELLY BJORKLUND | JANUARY 9, 2021
“On March 1, a U.S. District Court in New York will start the trial of what is alleged to be the largest-ever sanctions evasions scheme, a $20 billion plan prosecutors say was carried out by Turkey’s state-owned Halkbank, in connivance with top Turkish government officials, to help Iran sidestep punishing U.S. economic sanctions.
...
Since the U.S. case began more than four years ago, the Trump White House has repeatedly sought to shield Halkbank from paying any penalty for its role in helping Iran, including firing a pair of federal prosecutors handling the case and asking top cabinet officials to pressure the Justice Department to drop it.
All the while, one big question has lingered: Why would U.S. President Donald Trump—whose administration has taken a hard-line stance against Iran, including what it describes as a “maximum pressure” campaign to strangle its economy—repeatedly try to shield one of Iran’s biggest helpers in evading those very sanctions?“
So this is what I am reading sitting next to my father, keeping him company:
ReplyDeleteTrump’s Inexplicable Crusade to Help Iran Evade Sanctions
The U.S. president never could grasp that shielding Turkey’s Halkbank for Erdogan would make Iranian sanctions evasion easier.
BY KELLY BJORKLUND | JANUARY 9, 2021
“On March 1, a U.S. District Court in New York will start the trial of what is alleged to be the largest-ever sanctions evasions scheme, a $20 billion plan prosecutors say was carried out by Turkey’s state-owned Halkbank, in connivance with top Turkish government officials, to help Iran sidestep punishing U.S. economic sanctions.
...
Since the U.S. case began more than four years ago, the Trump White House has repeatedly sought to shield Halkbank from paying any penalty for its role in helping Iran, including firing a pair of federal prosecutors handling the case and asking top cabinet officials to pressure the Justice Department to drop it.
All the while, one big question has lingered: Why would U.S. President Donald Trump—whose administration has taken a hard-line stance against Iran, including what it describes as a “maximum pressure” campaign to strangle its economy—repeatedly try to shield one of Iran’s biggest helpers in evading those very sanctions?“
https://foreignpolicy.com/2021/01/09/trump-help-iran-evade-sanctions-turkey-halkbank/
https://mises.org/wire/do-textbooks-get-money-and-banking-backwards
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MMT criticism
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