United States Finalizes Stealing Billions in Wealth and Resources from Afghanistan

United States Finalizes Stealing Billions in Wealth and Resources from AfghanistanShow more

August 24, 2022

Moment Of Clarity with Lee Camp

THE UNITED STATES IS STEALING AFGHANISTAN'S MONEY

The United States crosses another red line in weaponizing it's global finance control. Over the past quarter-century, the United States has taken steps to exploit its centrality in global capital markets to advance its foreign policy interests.

On Friday, February 11, 2022, the Joe Biden administration signed an executive order that began a process to seize more than $7 billion in assets that Afghanistan's Central Bank has on deposit at the Federal Reserve Bank of New York. Officially, the administration "will seek to facilitate access" of the money "for the benefit of the Afghan people" and the other half "pending a judicial decision." Specifically, that other half is about legal claims against the Taliban for the September 11, 2001, claiming that they attacked the United States, and paying them to families of victims once those are settled.

The 2005 sanctions against Banco Delta Asia so roiled North Korea that U.S. officials took notice of their newfound financial power. This led to the enhanced financial controls placed on Iran in 2010. Those measures had significant multilateral support.

When the United States reimposed the Iran controls/sanctions in 2018, however, it was able to block Iran's access to European/Western financial markets, to the protestations of every other great power. The United States has essentially forced everyone to witness the firepower of its fully operational machinery of coercive financial statecraft.

Looting the wealth of other nations — be it actual money, natural resources, human labor, or all three — is what built the imperialist powerhouses of today. The United States proper was built on land stolen from the natives and worked through the labor of enslaved people. In addition, it has pillaged the world's resources, stealing minerals and foodstuffs from Latin America (think: "banana republics") and much of the rest of the world.

After stealing Cuba's sugar crop and turning the island into a playground for American tourists, the United States responded to a revolution to overthrow its puppet dictator and win independence by imposing a criminal economic blockade that has nearly starved an entire population for better than 60 years. Today, Britain — through its companies — controls many of Africa's key mineral resources, including platinum, copper, diamonds, gold, oil, gas, and coal. It's been called the "new colonialism."

U.S. capitalism thrives on the rapacious theft of the world's resources from our planet's most vulnerable and marginalized people. Right now, all eyes are on Afghanistan, but this is a situation faced everywhere. Imperialism and its brutality will end only when we put an end to the exploitation that fuels profit — and that is a fight for the world's working class.

Original: https://youtu.be/WJXdGbx3WXs

https://www.leftvoice.org/biden-plans-on-stealing-7-billion-from-afghanistan/

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