Obama-Biden’s ‘Climate Change’ Initiative Hurts Economy, Helps Iran, And Does Little to Prevent ‘Climate Change’
In 2015 Obama signed the nuclear deal with Iran. On July 14, 2015, Daniel Greenfield wrote at Frontpage Magazine that Obama signed the nuclear deal with Iran to cripple American power in the Middle East:
…Obama did not go into this to stop Iran from going nuclear. He did it to turn Iran into the axis of the Middle East…supporting Iran is his way of blocking the power of his successors in the White House to pursue a more pro-American foreign policy…
“…Obama claims to “have stopped the spread of nuclear weapons” by allowing Iran to keep enhancing its nuclear program and rewarding it with ballistic missiles for its “peaceful” intentions. He claims to have negotiated “from a position of strength and principle” when in fact he surrendered to the Iranians on position after position. Tehran negotiated from strength and principle. Obama sold out America… …Obama and Kerry have not made this deal as representatives of the United States, but as representatives of a toxic ideology that views America as the cause of all that is wrong in the world. This is not an agreement that strengthens us and keeps us safe, but an agreement that weakens us and endangers us negotiated by men who believe that a strong Iran is better than a strong America…
” …Their ideology is that of the screaming anti-war protester denouncing American forces and foreign policy anywhere and everywhere, whose worldview has changed little since crying, “Ho! Ho! Ho Chi Minh. NLF is going to win” in the streets. The only difference is that he now wears an expensive suit…”
Obama was interviewed at this very same time and was bold enough to say, “Iran will be and should be a regional power.”
Trump withdrew America from Obama’s horrible Iran Deal. In 2018 Trump withdrew from the nuclear deal with Iran and reimposed sanctions against the Iranian regime. On May 8, 2018, the White House reported:
“President Trump is terminating United States participation in the JCPOA, as it failed to protect America’s national security interests. The JCPOA enriched the Iranian regime and enabled its malign behavior, while at best delaying its ability to pursue nuclear weapons and allowing it to preserve nuclear research and development. The President has directed his Administration to immediately begin the process of re-imposing sanctions related to the JCPOA. The re-imposed sanctions will target critical sectors of Iran’s economy, such as its energy, petrochemical, and financial sectors.”
The EU tried desperately to bypass Trump’s sanctions by creating the INSTEX but they failed because of the centrality of the US Dollar in the global financial system. On January 14, 2020, Euroactiv reported:
..INSTEX was created by the E3 in January 2019 as a special purpose vehicle to help EU companies do business with Iran and facilitate non-USD transactions to bypass and avoid breaking US sanctions
… INSTEX has become a point of contention between Europe and the Trump administration, with Washington effectively threatening to sanction anyone using the mechanism.
Since 2015, large corporations had withdrawn from trading with Iran. From January to the end of October 2019, the volume of trade between the EU and Iran totalled €4.3 billion, which is a 75% decline year-on-year, according to trade statistics of the Iran-Germany Joint Chamber of Commerce (AHK).
While European exports to Iran fell by 53% to €3.7 billion compared with the same period in 2018, Iranian exports to Europe slumped by 94% to €586 million.
However, European efforts to ensure continued trading with Tehran despite the sanctions have so far had little impact, raising doubts about whether INSTEX an effectively boost the battered Iranian economy. Several sources have even confirmed to EURACTIV that there had been no transactions through the mechanism so far, though it has been staffed and operational, having already been in contact with EU-Iranian businesses. However, there is hope to carry out transactions shortly, the sources added.
…European interest to join INSTEX In late 2019, six European countries – Finland, Belgium, Denmark, Netherlands, Norway, and Sweden – joined the INSTEX and reiterated that they “attach the utmost importance to the preservation and full implementation of the JCPOA by all parties involved”.
The lefties around the world who support terrorism and the destruction of the US were outraged that President Trump would stand up for the American people.
Writers at the lawfare blog were livid:
“When President Trump withdrew from the JCPOA in May 2018, the United States not only reimposed on Iran the sanctions that existed prior to the agreement but also added new sanctions…
“European countries were incensed and began to openly discuss ways to help companies circumvent U.S. sanctions and thereby preserve the deal. The result was INSTEX.
“INSTEX still faces numerous hurdles in its quest to provide Iran sufficient economic benefits to keep the JCPOA alive. But if it is successful, it will create a road map that other countries can use to bypass U.S. sanctions, which could dramatically reduce the effectiveness of U.S. international economic policy.
“Extraterritorial Sanctions In their standard form, sanctions prevent entities that are subject to a country’s laws from doing business with a sanctioned entity. But U.S. secondary sanctions go further, prohibiting U.S. companies and banks from doing any business with third-country companies that do business with sanctioned entities.
“This allows the U.S. to impose sanctions on companies that are not subject to U.S. jurisdiction. This is why Huawei’s Chief Financial Officer Meng Wanzhou was charged with bank fraud: According to the Justice Department, Meng lied to a U.S. bank about Huawei’s business with Iran, putting the bank at risk of violating U.S. law. This essentially creates a choice for multinational companies: Do business with Iran or do business with the U.S.
“But the choice is actually more extreme than that due to the importance of the U.S. dollar as the world’s reserve currency. Transactions of all types, all over the world, are conducted in dollars, and many of these transactions—even if they do not have any other connection to the United States—run incidentally through U.S. banks, exposing their makers to U.S. sanctions through fleeting contact.
“The extraterritorial impact of U.S. sanctions is magnified by their effect on a private Belgian company called SWIFT. SWIFT provides a messaging system that connects more than 11,000 banks all over the world, allowing for universal money transfers. As a Belgian company, SWIFT is not subject to U.S. jurisdiction or direct U.S. sanctions. But the U.S. has threatened to impose sanctions on SWIFT itself if it does not disconnect sanctioned Iranian banks from its networks. As a result, SWIFT has, reluctantly, agreed to remove sanctioned Iranian banks—including Iran’s central bank—from its systems, cutting them off from one of the core mechanisms of global finance and making it exceedingly difficult technically for them to engage in financial transactions with most of the world’s mid-sized and large financial entities. But SWIFT did so under protest, noting that while in 2012 it complied with EU sanctions on Iran because it is subject to EU jurisdiction, its compliance with the 2018 sanctions was “regrettable” and “taken in the interest of the stability and integrity of the wider global financial system.” And European leaders began to seek an alternative to SWIFT that could facilitate commerce with Iran without falling victim to U.S. pressure…”
Obama tried to lift sanctions on Iran but he couldn’t due to the US dollar. Although Obama tried to lift sanctions on Iran, many are still in place due to the centrality of the US dollar in the Global Financial System. On November 10, 2021, David Rosenberg reported in Haaretz:
A report by Kevin Lim of the business-intelligence firm IHS Markit on Iran-China relations, published by Tel Aviv University’s Institute for National Security Studies, estimates that in 2019 China took half of Iranian oil exports directly, and probably even more via third countries. Yet China is buying Iranian oil at huge discounts, since the Iranians are so desperate to sell it… …Even after sanctions were lifted following the 2015 nuclear agreement, Chinese companies were having trouble doing business in Iran. One reason is because Tehran has yet to sign the Financial Action Task Force (FATF) conventions on money laundering and terror finance, which effectively blocks doing business in dollars or using U.S. clearinghouses. Unless Iran does so, Chinese banks can’t provide the finance and transaction services needed for long-term business agreements.”
It is not a coincidence that Kerry, one of the architects of the nuclear deal with Iran was appointed “climate tzar” by Biden.
“At a panel discussion about the Great Reset hosted by the World Economic Forum in mid-November, former Secretary of State John Kerry – Biden’s would-be special presidential envoy for climate – firmly declared that the Biden administration will support the Great Reset and that the Great Reset “will happen with greater speed and with greater intensity than a lot of people might imagine…”
The Biden Regime claims they embraced the “Great Reset” to fight Climate Change but it will have little actual environmental benefit. On January 21, 2021 the Epoch Times reported,
“Rejoining the Paris climate agreement as it stands now will have devastating economic consequences for the United States, with little actual environmental benefit, according to experts…
“Because there is really no teeth to the Paris climate accord, developing countries are getting a free pass in terms of their emissions…It’s likely that the Paris climate accord is not going to reach its intended goal.”
“…Anthony Watts, senior research fellow of environment and climate at The Heartland Institute, said according to their analysis, the agreement would cost the United States “about 2.7 million jobs by 2025 due to scaling back parts of industries. Now that would have been about 440,000 manufacturing jobs that we would have lost.”
The “Great Reset” will have little actual environmental benefit but devastating economic consequences. The globalists want to end the centrality of the United States financial system in the global economy, they want an international organization like the IMF to have more power. With a weaker economy, America will be less capable of influencing others through sanctions, it will be less capable of defending its interests abroad.
The IMF’s SDRs replacement of the centrality of the USD will undermine America’s sovereignty and democracy. Because of the “Great Reset”, the IMF’s board of directors now has more power and influence in America.
In the last decades, the IMF imposed “structural reform” programs in over 90 countries. In the 1990s the IMF’s intervention led to the economic meltdown of, for example, Mexico, Brazil and Russia. It seems that now because of Obama and Biden, America will become more vulnerable to IMF’s policies.
On June 1, 2021, the Guardian reported Obama said “Biden ‘finishing the job’ my administration started.” On July 13, 2021 Biden supported a controversial plan to strengthen the International Monetary Fund and replace the centrality of the US Dollar. Alex Newman wrote in the Epoch Times:
“…The Biden administration-backed International Monetary Fund (IMF) proposal to issue an unprecedented $650 billion U.S. dollars’ worth of new “Special Drawing Rights” (SDRs) this year alone will also help re-shape the international financial system. That is more than twice the total amount of SDRs created by the IMF throughout its entire history…The unprecedented new issuance, which has the support of both Beijing and Washington, will contribute to sidelining the U.S. dollar’s role as the global reserve currency, analysts warned. The Chinese Communist Party is expected to be a leading beneficiary…if the dollar were to lose its status to the SDR, the demand for dollars around the world would plummet. The resulting collapse in purchasing power would create an enormous crisis as Americans’ ability to purchase goods and services from abroad was decimated…”
A currency controlled by an international institution like the IMF is key for the globalists. The loss of status of the US dollar to the SDR will undermine America’s ability to impose economic sanctions on rogue countries like Iran. If Trump ever returns to power the America he will receive will be much weaker, his ability to defend America’s interests abroad is being decimated.
This has nothing to do with “climate change”. The real reason why Nero is setting Rome on fire is because his ego was tweaked when Trump walked away from the nuclear deal with Iran, he wants to end the centrality of the US Dollar in the Global Financial System so no future US President can impose sanctions on Iran again.
Biden’s policy will have little actual environmental benefit but will have devastating economic consequences, and perhaps that is what they want.
Ezequiel Doiny is author of “Obama’s assault on Jerusalem’s Western Wall” and the “Anti-BDS Handbook”