You Should Be Aware Of This..
From Greg M
Lions and friends… I have said publicly that the current sanctions placed against Russia are in my words “DOG SHIT,” and would not do anything.. (want a bit of inside info? The sanctions are a smoke screen, a charade, not meant to work). They feed this garbage to an unknowing public in an effort to try and convince them that they, the so called world leaders, really do want to prevent Russia from invading Ukraine- its all a lie….
IF the market really believed that these sanctions would do ANYTHING, you would not be seeing the extreme rebound in the stock market over the past 2 days.
So what would REALLY make a difference?
ONE THING… Preventing Russia from using the SWIFT system. In short, the SWIFT system, which stands for- Society for Worldwide Interbank Financial Telecommunication. SWIFT allows financial institutions to securely communicate with each other globally. If ANY “world leader” REALLY wanted to hurt Russia, all that would need to be done is cut off Russia from the SWIFT system…
So, now that you know this… how many of you actually believe that Russia will be cut off from SWIFT?
GM
(Please feel free to share this and all my work on your social media networks- or anyone you like).
China’s Cross-Border International Payments System (CIPS), founded in 2015, is still under development and includes only 80 foreign banks. But there is no reason in principle that CIPS can’t substitute for SWIFT. And if Russia successfully shifts its trade payments out of the dollar system, the blow to American prestige and power would be enormous.
They won't. He is another one of Schwab's future global leaders. They are truly all in this together.