Treasury's War

Treasury's War

The Unleashing of A New Era of Financial Warfare

Book - 2015
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Finalist for the 2015 William E. Colby AwardFor more than a decade, America has been waging a new kind of war against the financial networks of rogue regimes, proliferators, terrorist groups, and criminal syndicates. Juan Zarate, a chief architect of modern financial warfare and a former senior Treasury and White House official, pulls back the curtain on this shadowy world. In this gripping story, he explains in unprecedented detail how a small, dedicated group of officials redefined the Treasury's role and used its unique powers, relationships, and reputation to apply financial pressure against America's enemies.This group unleashed a new brand of financial power,one that leveraged the private sector and banks directly to isolate rogues from the international financial system. By harnessing the forces of globalization and the centrality of the American market and dollar, Treasury developed a new way of undermining America's foes. Treasury and its tools soon became, and remain, critical in the most vital geopolitical challenges facing the United States, including terrorism, nuclear proliferation, and the regimes in Iran, North Korea, and Syria.This book is the definitive account, by an unparalleled expert, of how financial warfare has taken pride of place in American foreign policy and how America's competitors and enemies are now learning to use this type of power themselves. This is the unique story of the United States' financial war campaigns and the contours and uses of financial power, and of the warfare to come.
Publisher: New York :, PublicAffairs,, 2015
Copyright Date: ©2013
ISBN: 9781610394642
Branch Call Number: 363.325170973 Zar
Characteristics: xiii, 488 pages : illustrations


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Jun 08, 2016

The mainstream media is awash with ceaseless coverage of diplomacy and/or military force being applied to this or that crisis. The so-called 'reporters' involved are akin to someone giving the play by play of a soap opera. The concepts require no specialized knowledge. Financial warfare reporting actually necessitates technical acumen. The author attempts to set the stage for an introduction to this expertise. This effort is exceedingly important. Whether it's the Pentagon, Vatican, Sicilian refugee agencies (Mafia fronts), Vancouver realtors laundering proceeds of Chinese corruption, or the Irish Republican Army peddling North Korean counterfeited US$100 notes, at the end of the day it's all about the money. Always. No exceptions. Everything else is window dressing. The promotion of righteous causes is merely blue smoke and mirrors. Yes, this book is riddled with acronyms and name dropping, not surprising since it is written by a Washington apparatchik. Nonetheless, if you're interested in having a looksee at financial counterinsurgency operations, take a peak at Treasury's War.

Nov 07, 2013

I could have sworn this book was listed as non-fiction? Am I losing it, or what? After reading numerous reports, including hundreds from the US Treasury, I find the assertions of this author quite perplexing. Does he not know the personnel of the US Treasury derive from JPMorgan Chase and Goldman Sachs, almost exclusively? Has he never heard of the IMF's quasi-private program to create FInancial Intelligence Units (FIUs) at all (or at least most)of the offshore financial centers through a European firm called the Edgemont Group, ostensibly to combat money laundering, but what is one of the purposes of offshore finance centers (also called offshore tax havens) but to launder money among other similar acts? Doesn't he realize the Treasury's absolute support for the greatest financial manipualtion weapon of our time, the naked swap! Shadowy world? Does he mean JPMorgan Chase's false and fraudulent collusion and hiding of billions of loans to Enron, claimed to have been "commodity trades"? (And the multiple fines JPMC has paid for financial fraud?) Does the author not have a clue about HSBC's drug money laundering for two drug cartels, doing almost $5 trillion worth of laundering over a 10-year period? (Oops! Our present FBI director, conservative James Comey, was a director at HSBC Holdings, the parent company?) And money laundering by Barclays and JPMorgan Chase as well? Financial warfare against the USA? Try taking a close look at Wall Street and the unholy trinity of JPMorgan Chase, Goldman Sachs and Morgan Stanley! [In 2000, there were four Middle Eastern countries which had not signed onto the WTO's Financial Services Agreement, allowing foreign ownership of their banks and accepting credit derivatives financial instruments: Iraq, Libya, Syria and Iran. In 2013, there are only two remaining, Syria and Iran. Wonder where that financial terrorism derives?] Update: 12/23/13 --- HSBC fined only $1 billion by deputy Treasury secretary, Lanny Breuer --- no asset forfeiture laws were upheld, i.e., nothing of HSBC/America was seized, although if the laws were upheld, all their US assets would have been seized! ! ! ! Financial warfare from the US Treasury/HSBC against the people!

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