U.S. Self-Harms To Accelerate ‘Hope & Change’

• U.S. sanctions on Iran threaten to accelerate economic collapse

• UK flexes to Russia, baiting it to react to its drones

• Nuke-whisperers in Trump’s ear create most danger since WW2

• U.S. wedded to poor strategic choices as China rises

• Collapse of Western nations strategised in 1997 book

• Ideology and fulfilment is in the hands of the same folk

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(2,100 words or about 10 minutes of your company.)

Aug 26, 2026

If the shocks to the world economy were not great enough, the U.S. has announced a new round of secondary sanctions on Iran, aka “operation economic outcast.”

Under pressure, with the U.S. heading into the mid term elections, why would the White House take measures that might lead to economic suicide?

Or is president Donald Trump delivering a knock out blow to the City of London?

I argue for the baleful influence of the City, where I worked as a reporter for many years. But what trust can we put in the narrative of new world against old — a game of new money against old aristocrats — when prominent politicians have played for both sides, and when parts of their story align.

We’ll return to that in a moment.

The Covid response had already wiped out many small businesses. Thus it reduced independent income. However freezing the economy through lockdown delayed the impact of inflation due to money printing while nothing moved.

Prices took off once the economy re-opened and now the costs of war are driving up the price of goods. Demand suppression was replaced by shortage of supply.

The impact of the war on Iran has yet to be felt. Combined, Hormuz and Bab el-Mandeb affect 25 per cent of world crude, 20 per cent of liquefied natural gas, 50 per cent of sulphur, 33 per cent of fertiliser (40 per cent of urea, 30 per cent of ammonia).

See White House Discussing Nukes On Iran - Wars spread as trade routes shrivel (Aug 17, 2026)

To those who know their history of the English Civil War or the French Revolution, a self-denying ordinance is a political waffle-word that means the exact opposite: an act that bans moderates or negotiators, clearing out experienced leaders, in order to leave the state vulnerable during a period of deep crisis.

U.S. treasury secretary Scott Bessent launched “operation economic outcast” to try to isolate Iran with a focus on sectors like digital assets, technology, gold, aviation, and shipping.

“It is now time for world leaders to make a decision between America and Iran”

Why would Bessent undermine the economic system that has given Americans a superior lifestyle? Why drive away trade while the petrodollar is already under attack?

The Global South is watching as the Anglos and Americans tighten the screws but it only strengthens the argument for another architecture for security and development based on the physical economy.

It looks and smells like accelerationism, the ideology that advocates speeding up technological advance at the risk of societal collapse to replace the current system.

Are we being misled, and in what way, and by whom?

Recall that treasury secretary Scott Bessent is a former currency trader who worked for George Soros (no, you won’t find them photographed together).

Bessent was one of just two traders who executed Soros’ shorting of the British pound in 1992, from which he made billions. This was Soros’ most notorious achievement prior to the coup in Ukraine that led to the current war with Russia.

It broke the pound’s tie to the German mark and forced the UK to leave the nascent European single currency. But this was no attack on the UK. It left the British pound floating free as a tool of speculation, ensuring that the City of London remained a centre of finance rather than losing rank to Frankfurt, home of the euro.

Seen another way, the UK gave support to the project of a European federation, and would join politically, led by prime minister Edward Heath who in addition to his notorious faults may have been a German agent.

See Italy Goes To Polls, German Troops To The Streets - Analyzing the nexuses that vie for control; and the subservient role of politicians (Sep 24, 2022)

But when the moment came to subsume its financial power under the EEC/EU project, the UK pulled back.

See the documentary, The Spider’s Web: Britain’s Second Empire - How Britain transformed from an imperial power to a financial power (2017) by Michael Oswald. [1]

Richard Poe contends that Soros is no lone gunman of the financial world but a servant of the City of London establishment.

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He pops up like a jack-in-the-box “mugging for the cameras, making provocative statements, and generally doing everything he can to draw attention to himself.”

The Times of London, newspaper of the UK establishment, crowned Soros “the man who broke the Bank of England.” The key figure in this coronation was former editor of The Times and columnist William, Lord Rees-Mogg.

As a member of the House of Lords, Rees-Mogg was part of social circle of King Charles who invited him in 2005 to his wedding to Camilla Parker Bowles.

Here Poe cracks the code by linking the City of London, the royal family and the British establishment, via Rees-Mogg to George Soros and thus to current U.S. treasury secretary Scott Bessent. [2]

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