Socio-Economics History Blog

Socio-Economics & History Commentary

Long Time U.S. Vassal State Japan to Bypass Dollar And SWIFT to Transact Using China’s CIPS System in Inter-Bank Settlement

http://asia.nikkei.com/Business/Trends/Japanese-regional-banks-to-join-yuan-payment-network

Click on image for article.

  • The SWIFT is a cornerstone of the western Illuminati’s global financial and currency hegemony. With the Russian SWIFT alternative and China’s CIPS, the western hegemony is ending.
  • Long Time U.S. Vassal State Japan to Bypass Dollar And SWIFT to Transact Using China’s CIPS System in Inter-Bank Settlement
    by http://www.thedailyeconomist.com/
    Ever since China began to duplicate Western financial institutions starting in 2013, more and more nations have begun matriculating towards the East, and away from dollar hegemony.  And one of the most important of these new infrastructures is the Chinese CIPS platforms which functions for the RMB the same way SWIFT does for the dollar.

    Yet unlike the way SWIFT charges for swaps when nations have to use the dollar as a middleman since it still reigns as the world’s singular reserve currency, CIPS allows for much lower transaction fees and the convenience of bypassing the U.S. currency through direct bi-lateral currency settlement.

    As the world continues to reject the dollar and the old financial model of a singular reserve currency, more countries are seeing the benefits of transacting in a bi-lateral environment.  And once enough of these nations decides to follow this new economic model being laid out from Beijing, and create the critical mass needed to bypass the dollar completely, then the reserve currency will simply fade away via de facto consent, and force change onto the Western institutions that have run the global financial system for decades.

    read more.
https://www.rt.com/business/318103-china-payment-system-yuan/

Click on image for article.

http://en.itar-tass.com/economy/748916

Click on image for article.

http://sputniknews.com/business/20150213/1018240631.html

Click on image for article.

http://rt.com/business/263161-russia-brics-swift-prototype/

Click on image for article.

end

February 6, 2017 - Posted by | Economics | , , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: