BRICS Alternatives to SWIFT
Gesara.news » News » BRICS Alternatives to SWIFTNews Date: March 1, 2022
BRICS is the acronym denoting the emerging national economies of Brazil, Russia, India, China, and South Africa.
It is a growing eastern world alliance led by China.
In another effort to reduce their dependence on the US dollar, BRICS members have been building their own global payment infrastructures for international transactions that are independent of the US dollar and can serve as alternatives to SWIFT, the leading messaging network for financial transactions worldwide.
This allows BRICS members, especially those who are often subjects of US sanctions, to create their own rules for international banking and settlement. Moreover, by extending alternative financial infrastructure to other countries and regions, BRICS can create greater buy-in for their own system and increase their financial and political influence through this alternative system.
Some BRICS members have independently developed their own cross-border payment mechanisms in recent years.
Both Russia and China have launched their national alternatives to the SWIFT global banking network and introduced their systems to broader global markets. Source: www.cambridge.org
US Sanctions Risking systemic collapseRussia could ask for rubles or gold in exchange for energy. If that occurred Europe would have little choice. The real leverage in the Petrodollar system is on the 'petro' side.
It will be interesting to see how this develops. If energy payments begin moving outside of the SWIFT system, then the Petrodollar will be severely damaged.
Regardless, it's going to be disruptive and we're going to see additional problems. Very likely we will see further money printing and more stagflation.
The United States' attempts to simultaneously take on both Russia and China is a bad idea. We're forcing the two of them together while Europe is trying to play both sides. This situation will end with China and Russia gaining status.
Russian citizens have also been buying gold. This crisis will hurt their citizens, but this isn't Russia's first rodeo. The fact that Putin has done this either means he's lost his mind or he has a plan and found a window of opportunity.
We could see serious spillover effects on bonds and real yields.
The United States can't afford higher rates, and they can't remove Russia's oil without destroying their own markets.
We could see big changes should Russia use their gold as leverage. Possible scenarios that could occur should gold be revalued.
FISA START and gold backed vaccinesDid Trump say the FISA vaccine? Yes, he did. This is the question of today.
Did anyone notice how Trump pronounced the Pfizer vaccine-like FISA vaccine?
Trump said Pfizer perfectly clear, the other 3 times it is FISA, as in unsealed FISA Warrants.... which will be delivered via our military as evil folks are arrested. Gold...NESARA/GESARA. Vax = Arrests.
President Trump announced the COVID vaccine rollout within 24 hours. Note the curtains. He is... backed by gold.
Patriots believe that he is saying FISA instead of Pfizer in this speech. President Trump could be announcing DECLAS within 24 hours, including military intervention at this point and a big step towards the gold standard.
Sources: twitter.com, inteldinarchronicles.blogspot.com
Turkey adopted Russia's Mir cardsTurkish Banks Are Adopting Russian Payments System, Erdogan Says.
Five Turkish banks have adopted Russia's Mir payments system, Turkey's President Recep Tayyip Erdogan said on his return from talks with President Vladimir Putin in the Black Sea resort of Sochi.
There are serious developments regarding the work that Turkish banks are doing on Russia's Mir card, Turkey's state-run Anadolu Agency cited Erdogan as saying on the plane.
International banking alliance using RippleNational Australia Bank (NAB) has signed agreements with two leading global financial institutions:
- Israel's Bank Leumi;
- The Canadian Imperial Bank of Commerce (CIBC);
- to form an international banking innovation alliance.
It is partnering with the alliance using Ripple's blockchain network technology.
NAB is one of Australia's major 4 banks and forms an international bank innovation network.
Prepaid Debit Cards, Digital Dollars To Each AmericanUnprecedented Monetary Overhaul: Cleveland Fed president Loretta Mester Hints Fed Is Preparing To Deposit Digital Dollars Directly To Each American.
If anyone has actually been paying attention. This was announced months ago. Trump debit cards on the way!
Treasury Secretary Steve Mnuchin shows the new prepaid debit card that will be sent to Americans receiving coronavirus relief.