Financial Warfare: The Middle Ground between Diplomacy and Military Intervention

Financial Warfare: The Middle Ground between Diplomacy and Military Intervention
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ISN: “In this video, Juan Zarate, who is a former senior US Treasury Department and White House official, talks about his book “Treasury’s War: The Unleashing of a New Era of Financial Warfare,” which describes the tactics developed by the US to leverage its financial power and influence throughout the world. The focus of these tactics involves dismantling illicit financial networks, blunting terrorism, undermining America’s avowed foes and influencing geopolitics where appropriate.”

“Juan Zarate was a Deputy Assistant to the President and Deputy National Security Advisor for Combating Terrorism during the George W. Bush administration. He currently serves as Senior Adviser at the think tank Center for Strategic and International Studies, Transnational Threats Project. In his previous role, Zarate was responsible for developing and overseeing the effective implementation of the U.S. government’s counterterrorism strategy.”

About Juan Zarte’s new book: “For 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.”

Sources: ISN – International Relations and Security Network, Wikipedia

Photo Credits: Exchange Money Conversion to Foreign Currency by / FlickR