Steve Mnuchin just put the world on notice…
The weaponization of the US dollar in the form of sanctions has just been kicked-up a notch.
“We’ve been very clear that we expect U.S. sanctions to be adhered to,” Mnuchin said in response to questions from reporters on Thursday in France where he met with Group of Seven counterparts. “Whether it’s Iran or anyone else, if people want to participate in the dollar system people will be obligated to follow the U.S. sanctions.”
The Treasury Secretary has been a busy man:
— Steven Mnuchin (@stevenmnuchin1) July 18, 2019
But what are they not talking about?
The even better than the dollar option – GOLD.
Which is no wonder we see stuff like this:
And that’s taking the official reserves at face value.