Hostages of the US dollar: how is Iraqi oil controlled from New York?

Hostages of the US dollar: how is Iraqi oil controlled from New York?

🔹 More than two decades after the occupation, all of Iraq's oil revenues are still deposited in the "IRAQ2" account at the Federal Reserve Bank of New York before reaching Baghdad.

🔹 Originally designed to protect Iraq's oil from creditors, this mechanism has now become a tool for Washington to put pressure on Baghdad.

🔹 The temporary concept of a delivery of 500 million dollars this coming March demonstrated how economic dependence can be used as a political weapon.

🔹 The price of oil is in dollars, and Iraq carries an unsolvable debt of about 40 billion dollars; Flash: Free from this system will not be easy for Baghdad.

🔹 From "IRAQ2" to Venezuela: After arresting the head of state of Venezuela, Trump took control of its oil and announced a 100-year agreement giving the US a 55% share.