What are the consequences of US & EU kicking Russia off SWIFT System?
Will it hurt Russian Economy? Economists like Raghuram Rajan want you to believe this.
But, Removing Russia from SWIFT could be exactly what Russia, China and Bharat desire.
Why? Read on.
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SPFS (‘System for Transfer of Financial Messages') is a Russian equivalent of the SWIFT financial transfer system, developed by the Central Bank of Russia. The system has been in development since 2014, after US Govt threatened to disconnect Russia from the SWIFT system.
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There are plans to integrate the SPFS network with the China-based CIPS (Cross-Border Inter-Bank Payments System).
If either of those then interconnect to Bharat's SFMS …..
Can you imagine the effect?
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If Russia is removed from SWIFT, the blow to the US economy, and especially that of EU would be enormous. The vast majority of SWIFT transactions are settled in US dollars, which helps solidify the US currency status as the global reserve currency.
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This gives the US tremendous influence over the world economy, therein lies the real power.
If Russia + China + Bharat come up with an alternate system to compete against SWIFT that will be a competing currency transactional system and it’ll further weaken the US dollar.
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Not to mention Russia is the second largest exporter of energy and China is the largest manufacture exporter with Bharat fast catching up.
They could start their own economy & adopt existing partners such as African countries (largest precious mineral producer) and....
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Saudi Arabia (third largest energy producer) putting Europe and United States economy on back foot extensively.
By Removing Russia (one of the biggest oil producers) from Swift, USD will be DESTROYED as global currency as oil,most traded commodity in world, is paid in USD
7/13
If "forced to leave SWIFT", Russia will expand SPFS internationally, and nations that intend to keep importing Russian oil & natural gas will have to join Russia’s new banking transaction system
And you know that Russian Gas is cheapest which no-one can afford Not to have.
8/13
If Russia breaks from SWIFT, watch for China & Bharat to announce same. We are actually watching the destruction of the USD taking place be4 our eyes.
Other countries will be more than happy to assist with this New System which gives them a chance to improve their currency
9/13
Start looking for words “Eurasian Union” to appear in articles very soon. We are getting closer to the new digital economic system and global digital currency soon. What is horrific is that developed countries [US etc] will drop from having 80% of World's income to 35%.
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Ordinary Americans calling for Russia to be ejected from SWIFT, do not realize that US uses the dollar to borrow at discounted rates, that debt is $30Trillion as of today, so if the dollars’ influence is reduced, US transactions would be much more expensive.
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US economy will be on verge of destruction while paying interest elements only.
While costs for businesses would pass on to US consumers, Americans would have to then pay more for everything. Are they ready for that? Are US politicians & companies ready for that as well?
12/13
Do you still think that President Putin acted in haste with Ukraine Offensive?
Everything is calculative & pre-planned.
And....If you still think that PM Modi discusses with Putin about ONLY safety of Bharat's citizens in Ukraine....
While all eyes are glued on Russia's Military Offensive in Ukraine...a lot is happening behind curtains.
US thought of Isolating Russia, but....
Global chess board is changing & "The Queen" is coming in front on behalf of "The King".
Interesting? Read on.
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So....who is "The Queen"? I will give you hints. You Guess.
🔸President Vladimir Putin spoke by phone with Saudi Arabia's Crown Prince Mohammed bin Salman on Thursday, buttressing a crucial geopolitical alliance.
Not enough? .... Okay. Take more hints.
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🔸Israel can become a “potential ally” if Palestinian conflict resolved – Saudi Crown Prince.
🔸Saudi Arabia "considers options" of reducing investments in the US, says Crown Prince Mohammed bin Salman.
Argentina, Whole ASEAN Group i.e.
Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, UAE, Saudi, Jordan, Algeria, Angola, Bangladesh, Bolivia, Burundi, Congo, El Salvador, Equatorial Guinea, Eritrea....
Ukrainian President Zelensky has intimated that he is ready to negotiate NEUTRAL status for his country with Russia after claiming NATO and its partners are “AFRAID” to help them.
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“We were left by ourselves. Who is ready to go to war for us? Who is ready to give Ukraine guarantees of NATO membership? Honestly, everybody is AFRAID”
“Neutral status and Rejection of hosting [offensive] weapons systems” are President Putin’s red lines.
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“Ukraine has always left and leaves space for negotiations. Including now - when Russia went on a full-scale invasion. This war must be stopped. These hostilities must be stopped,” added Mikhail Podolyak, adviser to Zelensky’s chief of staff.
White House admits US won't go to war or engage with Putin as Russia attacks Ukraine. It will impose STRICT SANCTIONS against Russia instead.
So President Biden really thinks that sanctions will work to deter President Putin?
Read to decide.
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While Biden was busy complicating simple matter to turn it into "Death for Ukraine", President Putin was quietly building a plan to counter such sanctions if imposed.
🔸 Zero holding in US Treasuries.
🔸Converted USD & Euros holding into Gold & Renminbi.
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🔸Moved away all holdings in Western Markets & Jurisdictions which could have been freezed.
About Oil....
Russia produces 10 million barrels of Oil per day. If Oil goes up $10 per barrel, Russia adds $3 Billion per month.
In spite of President Putin saying that Russia doesn't intend to invade Ukraine....Today Russian Forced have invaded Ukraine.
So....Was President Putin misleading world? Actually No.
Let me give you 10 reasons behind this Invasion in layman language.
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🔸Ukraine has become the bone of contention between Washington and Moscow.
🔸Russia wants the West to keep Ukraine and other former Soviet nations out of NATO, halt weapons deployments near Russian borders and roll back forces from Eastern Europe.
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🔸Ukraine wants to join the NATO which has not gone well with Russia.
🔸Russia thinks if Ukraine is allowed to join NATO, the group would move closer to Russia's borders.