There’s good reason to be concerned about confidence in the dollar in the years ahead. Trump’s decision to terminate the 2015 nuclear deal with Iran will force Iran into the hands of the Chinese for access to cash and access to the global payments system. Iran, Russia, China and Turkey have already formed what
On May 8, 2018, President Trump formally ended the Joint Comprehensive Plan of Action (JCPOA). That’s the official name for the deal concluded by the U.S., Germany, the UK, France, China, Russia and Iran to suspend the Iranian nuclear enrichment and nuclear weapons program in exchange for cash, gold and the end of U.S. economic
After the Obama administration negotiated the JCPOA (Joint Comprehensive Plan of Action) with Iran in 2015, the expectation was that a flood of western investment would pour into Iran to help revive its stagnant economy. From 2011 to 2013, the U.S. and western allies had a stringent regime of economic sanctions on Iran. These sanctions
