Is US-Led West Kicking Russia Out Of SWIFT Over Ukraine War Exactly What Putin & Xi Jinping Wanted?
Following the invasion of Ukraine, the US and Europe decided to throw Russia out of the SWIFT banking system. A move that was intended to cripple the Russian economy amid sanctions from the west. However, experts claim Russia and China were in fact waiting for this opportunity to disrupt how oil is traded around the world. In this week's Decode we look at Petrodollars and why is it under threat from Russia?
God this awesome, This is 21st century. THIS IS SO MUCH FUN! I mean like let’s face Americans bombing things everywhere was kind of getting stale.
A very good analysis. The recent Ukraine -Russia war has became a big blow to the existing American and European economic systems. If America and European Union do not adopt itself to the present challenges the European Union's single currency Euro will collapse along with the US Dollar in the coming few days. Ultimately this would lead either to the collapse of European Union or many countries would quit their membership with European Union.
If developing and underdeveloped nations have to grow then It better end. We anyway don't want just one country to have that currency monopoly. So, the sooner it ends, the better it will be for the whole world.
As the economic crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as to secure a profitable investment for the future
It is the time hegemony of US and US$ is challenged by Eurasian Block to teach US and the West a lesson they will never forget. India too join in challenging the hegemony of US.
