The next time you wire money internationally, consider this: someone in Washington or Brussels can decide you don't get to complete that transaction. Not because you broke any law. Not because a court found you guilty of anything. But because a U.S. Treasury Department or the European Council official added your name—or your bank's name, or your customer's name—to a list. That's the power the U.S. government has wielded over the global financial system for two decades, and it's the power that's now driving the construction of a parallel financial architecture designed specifically to operate...











