A Learning Experience

In the upcoming weeks, Donald Trump is going to teach the American public about the word “imperialism”.

The Trump administration warned Iraq this week that it risks losing access to a critical government bank account if Baghdad kicks out American forces following the U.S. airstrike that killed a top Iranian general, according to Iraqi officials.

The State Department warned that the U.S. could shut down Iraq’s access to the country’s central bank account held at the Federal Reserve Bank of New York, a move that could jolt Iraq’s already shaky economy, the officials said.

Iraq, like other countries, maintains government accounts at the New York Fed as an important part of managing the country’s finances, including revenue from oil sales. Loss of access to the accounts could restrict Iraq’s use of that revenue, creating a cash crunch in Iraq’s financial system and constricting a critical lubricant for the economy.

And…

Washington is not willing to bow to Iraqi demands to withdraw its troops and any future discussions with Baghdad will be purely confined to the future structure of its forces in the country, the US state department has said.

Sorry, Iraq. You belong to the US now.

Don’t be ungrateful.

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