Dollar Plumbing: Why Bessent's Iran Threat Has Teeth
Treasury Secretary Scott Bessent threatened to cut off any foreign company that fuels, lands, or sells tickets for Iranian airlines — "you will be cut off from the dollar system." This episode unpacks what that actually means: how CHIPS and Fedwire make the dollar a system rather than just a currency, why currency-based jurisdiction lets OFAC reach transactions with no American party, and why Iran's multi-billion-dollar crypto workaround keeps running into a freeze switch held by a stablecoin issuer. It's a story about pipes, valves, and who owns them. Episode 5441 — myweirdprompts.com/n/5441…
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