Russia May Soon Take New ‘SWIFT’ Type Platform And Expand It Through Gold Payments And Bi-Lateral Trade
- Once implemented, both the Chinese CIPS and Russian SWIFT, will bypass the Anglo-American controlled SWIFT system. It spells the end of their global hegemony. Countries around the world (like Iran, Russia, China …) can tell America to “Goto Hell” with American threats of economic sanctions. All nations that participate in the Chinese and Russians alternatives will be able to conduct international trade settlement/payment without fear of American interference. The west has lost control.
- Russia May Soon Take New ‘SWIFT’ Type Platform And Expand It Through Gold Payments And Bi-Lateral Trade
Last week we wrote about Russia finally completing its alternative payment system that now makes it virtually invulnerable to any economic warfare performed by the U.S. through the global SWIFT system. In fact, it has been this exact type of sanction that has stifled economies in Iran, Iraq, North Korea, and even the former Soviet Union during the Cold War.
But while on the surface Russia has indicated that their primary purpose for implementing their new payment system was to defend against the U.S. cutting them off from access to dollars through SWIFT, the fact that they have created several different new economic coalitions over the past five years means that the now have the power to do even more than just protect against U.S. economic aggression.
In fact, since they have also become the world’s top energy producer and distributor, as well as one of the largest holders of gold on the planet, Moscow is prepared to even use their new payment system to collapse the petrodollar and turn the tables on America’s domination through its 40+ year control over the reserve currency.
No comments yet.