We have a major subject to discuss today…Why the US still controls Iraq’s dollar pipeline…Understanding this system is essential for anyone watching the Iraqi dinar…Iraq’s oil is priced in US dollars…When buyers pay for Iraqi crude, these dollars…are deposited into an account belonging to the Central Bank of Iraq held at the Federal Reserve Bank of New York…Iraq can request access to its dollars but it cannot move them freely without meeting US regulatory standards…The United States can slow, block or restrict access…We’re talking about over $100 billion. Iraq is a little bit wealthy! Because of this dependency…Iraq’s sovereignty is only partial…Iran keeps whispering in Iraq’s ears that they’re not free…Part of making sure that nobody tried to sue, blackmail, strong-arm them the US put the money in the US Federal Reserve… :Sandy Ingram
