- A better title for the book may be "How to bully other countries by leveraging dollar as international trade currency and New York as financial center"
- The book did provide some useful insights on financial weapons(main one is Provision 311 of US Patriot Act) US can leverage in a conflict with another country, but these information doesn't warrant 500+ pages book, a 2000 words piece will suffice
- All the weaponry author touts were derived from US dominant position in international trade (largest financial markets, New York as world financial center, dollar as currency of international trade), but overused these tools will greatly diminish US credibility and destroy US dominant position. Case in point: forcing SWIFT data already led to mistrust of US and attempt from Europe (INSTEX) and Asia countries (Russia has an inititiative supported by China, India, Iran and Turkey) in creating alternative to SWIFT system
Saturday, August 10, 2019
Book Review: Treasury's War, The Unleashing of a New Era of Financial Warfare by Juan Zarate
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