CBS reported the following:
Iran War Updates: U.S. unveils new sanctions after Trump threatened “economic D-Day”
August 24, 2026
President Trump said Monday that Iran was “collapsing” before the U.S. unveiled new sanctions that Treasury chief Scott Bessent vowed would amount to “the single greatest financial offensive ever marshalled against an adversary.” …
Before the U.S. announced new sanctions on countries that trade with Iran, China criticized the move.
“They will only exacerbate tensions and escalate the situation, which is in no one’s interest,” Foreign Ministry spokesperson Lin Jian said in Beijing.
China is calling on all parties to avoid measures “that could further intensify differences and conflicts and disrupt global economic development and financial stability,” he added.
China is considered the biggest buyer of Iranian oil, and was importing more than 80% of Iranian oil before the U.S.-Israeli war with Iran. …
Bessent says entities laundering money for Iran will be removed from U.S. dollar system
Treasury Secretary Scott Bessent said any entity that facilitates money laundering on behalf of Iran “will be removed from the U.S. dollar system. The clock just started ticking.”
The new sanctions announced Monday expands the categories for secondary sanctions on entities and countries that transact with Tehran and also introduces new sanctions across a variety of vital sectors, including digital assets, gold, aviation, technology and shipping.
Notice also the following:
August 24, 2026
Bessent launched the Trump administration’s long-awaited “Operation Economic Outcast,” unveiling sweeping sanctions designed to sever Iran from the global financial dollar system and punish any foreign government or entity that continues facilitating Tehran’s trade.
The first wave of sanctions targets nearly 60 Iran-linked entities, individuals and vessels connected to the regime’s nuclear, missile, cyber and oil networks.
The measures span a global web of brokerage companies, financial intermediaries and shadow-fleet vessels operating across China, Hong Kong, the United Arab Emirates, Singapore, Switzerland and Europe.
“No one is above the reach of US sanctions,” Bessent warned during the press conference.
Bessent made clear that Trump’s campaign extends well beyond Iran. Foreign companies dealing with Tehran now face an explicit choice: sever those ties or risk losing access to the US financial system. https://www.zerohedge.com/geopolitical/entering-endgame-bessent-unveil-economic-d-day-assault-isolate-iran
Here is something I posted back in 2019:
Weaponizing the Dollar
The United States has taken advantage of the fact that the dollar serves as the world reserve currency by using it as leverage to achieve its foreign policy goals.
In effect, the US has weaponized the dollar.
The fact that the global system facilitating financial transactions uses the dollar gives the US a great deal of economic and geopolitical leverage. 06/12/19 https://schiffgold.com/key-gold-news/european-alternate-payment-system-to-circumvent-us-iran-sanctions-nearly-ready/
Consider now the following posted here also in 2019:
August 25, 2019
It would take years to put compliance and regulatory structures in place to develop an electronic currency with the potential to challenge the dominance of the US dollar as the world’s preferred reserve currency, analysts say.
The dollar is likely to reign supreme in the short-term despite trade tiffs dampening the global economic outlook and stoking fears of a possible currency war between the world’s two biggest economies – the US and China. While central banks are stuck in a low interest rate environment, policymakers have begun suggesting radical ideas to tackle their fiscal challenges.
Last week, Bank of England governor Mark Carney said the world’s reliance on the US dollar “won’t hold” and should be replaced by a new international monetary and financial system. …
Though he did not elaborate, Facebook’s Libra comes closest to the digital currency Mr Carney described. The digital token – set to be rolled out next year and secured against a basket of reserve-backed currencies – would not be controlled by Facebook, but run by a consortium that includes Uber, Mastercard, Stripe, Visa, PayPal and Spotify, among others.
Libra, or a token which JP Morgan plans to launch, could “carry the mantle of a global cryptocurrency which Mr Carney is talking about”, said Mr Valecha.
Yet how effective that currency will be in breaking the dominance of the US dollar on global level is a point of debate, Mr Valecha said. https://www.thenational.ae/business/economy/mark-carney-s-proposed-digital-currency-to-challenge-greenback-still-years-away-1.902388
Here is what I commented on when I posted the above:
Yes, completely dethroning the US dollar appears to be years away.
But it will happen!
Turning its dollar into a weapon will help destroy the USA.
Right now, various ones are taking steps to dethrone the US dollar as the world’s reserve currency.
Since I posted that, the BRICS nations have taken many steps to bypass the US dollar.
Plus earlier this month, Russia announced a way to do payments to avoid US sanctions (see Russian sanctions-proof payment system bypassing SWIFT; Iran to join the BRICS ‘New Development Bank’). Also this month, Russia signed a cryptocurrency bill at least partially to bypass sanctions (see Russia’ Putin signs cryptocurrency bill as sanctions are looking to be increased).
The USA keeps foolishly weaponizing its dollar–and one days its dollar will collapse.
Another factor that will lead to the collapse of the US dollar is the increasing amount of debt in the US. And it is rising, even faster than various ‘experts’ predicted.
The Hebrew prophet Habakkuk was told by God to write the following:
3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry…5 Indeed, because he transgresses by wine, He is a proud man … 6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his–how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you. Because of men’s blood And the violence of the land and the city, And of all who dwell in it. (Habakkuk 2:3,5,6-8).
The world will wake up to the fact that the USA cannot possibly pay back its debts and will take successful military actions against the USA (cf. Daniel 11:39).
A while back, the Continuing Church of God (CCOG) put out the following video on our Bible News Prophecy YouTube channel:
15:19
US Sanctions and Tariffs leading to New World Order?
Russian Prime Minister Dmitry Medvedev said new US sanctions would be a declaration of economic war. Iran, North Korea, China, Europe, and Turkey are also upset about USA sanctions and tariffs. A Turk asserted “Somebody must find a solution and stop the USA.” The BRICS nations see US sanctions and tariffs as helpful to their objectives to trade without the USA. Are “unintended consequences” of USA policies threatening the current Anglo-American world order and leading to a New World Order? What has ‘Lord’ Jacob Rothschild and Russian President Vladimir Putin stated? Does Bible prophecy show that a confederation of Turks, Arabs, and Europeans pose a real threat to the USA and UK? Is the final time of the Gentiles coming? Will it be worse than people imagine? Dr. Thiel addresses these issues and more.
Here is a link to our video: US Sanctions and Tariffs leading to New World Order?
There is a cost to sanctions and weaponizing the US dollar.
The end of US dollar dominance is coming.
Some items of possibly related interest may include:
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
HABAKKUK Here is a link to the article Commentary on Habakkuk and the End of the United States. God gave Habakkuk a message on living by faith. Did God give a prophecy concerning debt and the destruction of the United States? This article covers the entire Book of Habakkuk. Here is a link to a related sermon: Habakkuk: Faith, USA’s End, & Jesus’ Return.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold? Two videos of related interest may be: Germany, Gold, and the US Dollar and Silver, Science, and Scripture.
Spiritual Samaritans: Old and New Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria.
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