Funny development of events, really - in 2014, around the annexation of Crimea, there was another threat to expel Russia from SWIFT. So Russia developed its own system. So did China. So did India. And they all use them to trade between each other using their own national currencies, while SWIFT is dependent on the dollar... and the dollar is dependent on SWIFT.
So now, well, gee, it's almost as if Russia wanted to get out of SWIFT, without raising suspicion about the system's long-term stability by leaving on its own. I mean, it would be terrible if a major financial crisis was to happen in a few months, wouldn't it? Like, say, if Swiss banks were found guilty of money-laundering and their assets were frozen for investigation...
All in all, chaps, I think we'll need a lot of popcorn throughout the year. Because this movie's getting epic.
Funny development of events, really - in 2014, around the annexation of Crimea, there was another threat to expel Russia from SWIFT. So Russia developed its own system. So did China. So did India. And they all use them to trade between each other using their own national currencies, while SWIFT is dependent on the dollar... and the dollar is dependent on SWIFT.
So now, well, gee, it's almost as if Russia wanted to get out of SWIFT, without raising suspicion about the system's long-term stability by leaving on its own. I mean, it would be terrible if a major financial crisis was to happen in a few months, wouldn't it? Like, say, if Swiss banks were found guilty of money-laundering and their assets were frozen for investigation...
All in all, chaps, I think we'll need a lot of popcorn throughout the year. Because this movie's getting epic.