John McGlynn

The Financial War Against Iran


Economic and financial analyst John McGlynn discusses the U.S. Government’s financial war against Iran’s banking system, the system of blackmail of banks around the world if they don’t fall in line, the example set when Treasury’s FinCen went after a Macau bank for dealing with North Korea in 2005, China’s role and the likely humanitarian consequences for the people of Iran.

MP3 here. (37:18)

John McGlynn is an independent economic and financial analyst. His three reports on the U.S. use of financial sanctions against North Korea in the Banco Delta case are available at 1, 2, 3.

4 thoughts on “John McGlynn”

  1. looks like they are following what they did to North Korea. The ironic thing is the US helped NK get its “real” nuclear weapons which the US tried to deny existed even after one was tested, and yet threatens Iran over nukes which it does not have. NK of course helped the US create an arms scramble for all of NK’s neighbors and thus sold its ballistic missile defense system to Japan through an outgoing pm.

  2. So the US tells the rest of the world not to do business with Iran’s banks…

    So what if the rest of the world tells the US to stuff it and ignores the edict? What are Bush & Cheney going to do, build a wall around Amerika and nuke everyone who does not agree with them?

    I think that the rest of the world knows that the US is bankrupt, these two idiots are full of it and the much vaunted “American power” has been exposed for what it really is in Iraq…

  3. To be a nation that believes in the “Free Market,” how is it possible for us to sanction any country that deals with Iran, directly or indirectly? Amazing! What hubris! No Congressional hearings, unsubstantiated charges! “Might makes right” is not dead. Of course this should be a lesson to Americans, the same thing could happen on a personal level, it is possible for any one of us to be locked out of the financial system as if we were dead, not being able to write or cash a check and so threatening that our friends would treat us as a “corpse” when they are threatened with the same tactic. What the US is proving and quite demonstrably, “don’t do as I do, do what I tell you to do!” If any American thinks we live in a free society with unlimited opportunities is mistaken. Of course, many American ethnic groups historically, through institutionalized or outright sanctions, have been frozen out of full participation in the American “dream.” American philosophy has always been experts at “double speak.”

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