Is the Trump administration dismantling the offshore financial system that has looted nations for decades—and is Scott Bessent laying the foundation for a new global economic order?
In this overview, Mike Steger examines the network of tax havens, shell companies, shadow banks, arms dealers, and financial institutions that he argues has extracted wealth from developing nations while financing corrupt regimes, terrorism, and global instability.
Mike traces the system back to the City of London and its web of British-linked offshore jurisdictions, including the Cayman Islands, Bermuda, Jersey, the Isle of Man, and the British Virgin Islands. He argues that this “global casino” diverts money away from factories, infrastructure, hospitals, research, and national development into an economy that produces nothing.
The discussion then turns to Iran and Ali Ansari, an Iranian businessman sanctioned by the U.S. Treasury. Mike examines how Treasury Secretary Scott Bessent’s “Operation Economic Fury” is targeting Iran’s shadow-banking network, access to cryptocurrency, offshore shell companies, and international weapons market.
Mike also explores the economic pressure facing Iran, including inflation, rising living costs, labor unrest, and protests by retirees, nurses, bakers, and factory workers. He argues that these measures are intended to separate the Iranian people from a regime that has redirected the nation’s wealth toward terrorism and warfare.
The final section examines the global currency system. Mike traces today’s speculative currency markets back to the end of Bretton Woods in 1971 and explains why stable exchange rates are essential for long-term industrial investment.
He then examines Scott Bessent’s reported intervention involving the Japanese yen and what it could signal about the future: support for nations pursuing industrial revitalization, fair trade, stable currencies, and national development.
Could this be the opening move toward a new Bretton Woods system—and a global realignment led by the United States?
In this overview, Mike Steger examines the network of tax havens, shell companies, shadow banks, arms dealers, and financial institutions that he argues has extracted wealth from developing nations while financing corrupt regimes, terrorism, and global instability.
Mike traces the system back to the City of London and its web of British-linked offshore jurisdictions, including the Cayman Islands, Bermuda, Jersey, the Isle of Man, and the British Virgin Islands. He argues that this “global casino” diverts money away from factories, infrastructure, hospitals, research, and national development into an economy that produces nothing.
The discussion then turns to Iran and Ali Ansari, an Iranian businessman sanctioned by the U.S. Treasury. Mike examines how Treasury Secretary Scott Bessent’s “Operation Economic Fury” is targeting Iran’s shadow-banking network, access to cryptocurrency, offshore shell companies, and international weapons market.
Mike also explores the economic pressure facing Iran, including inflation, rising living costs, labor unrest, and protests by retirees, nurses, bakers, and factory workers. He argues that these measures are intended to separate the Iranian people from a regime that has redirected the nation’s wealth toward terrorism and warfare.
The final section examines the global currency system. Mike traces today’s speculative currency markets back to the end of Bretton Woods in 1971 and explains why stable exchange rates are essential for long-term industrial investment.
He then examines Scott Bessent’s reported intervention involving the Japanese yen and what it could signal about the future: support for nations pursuing industrial revitalization, fair trade, stable currencies, and national development.
Could this be the opening move toward a new Bretton Woods system—and a global realignment led by the United States?