Is Germany Moving SWIFT-ly To CIPS?
The Federal Reserve Note (FRN), U.S. dollar is under attack in a variety of ways. We have been documenting the astronomical growth of the yuan backed futures oil contract and how this is going to impact the FRN and the American economy. We have also pointed out that Russia has dumped approximately 82% of their entire U.S. treasuries and Turkey recently announced they will be offloading approximately 50% of their treasury holdings.
At the most recent BRICS Summit, held in July, one of biggest take-aways was the fact the BRICS alliance was in talks with Turkey and the possibility of Turkey, which is a NATO “partner”, could join BRICS! This is to say nothing of China, which heads the BRICS alliance, is also in talks with Argentina and Venezuela.
Now we learn that Germany is on board with moving away from SWIFT and the “trade wars”, sanctions against Russia and President Trump forcing NATO “partners” to pay up. President Trump’s actions have pushed Germany away from their alliance with the U.S.. The German / Russian partnership is very important to the overall German economy and Trump’s recent demand that Germany stop doing oil business with Russia seems to have pushed them over the edge. There may be more at play here, but most all geopolitical issues in the 21st century boil down to oil, oil production and how to get the cheapest oil possible.
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