China’s SWIFT alternative may undercut US sanctions

[David Alayat]

You are clueless. If you have USD, euros, yen, Sterling then your money is not in China but in US, EU, Japan and UK. Those countries can seize your money.

Putin has $500b in foreign money he can’t access it now.

He has $130b in gold. The question is where is the gold? If it’s stored in the west then that gold is taken from him away.

2/3 of global economy has now put Russia under sanctions.

I don’t think Putin is not that stupid. After all he is the leader of one of the super power. He can put his money in China, Singapore, Maldive and so on. Shall I type the list for you?

 

[Viet]

I don’t think Putin is not that stupid. After all he is the leader of one of the super power. He can put his money in China, Singapore, Maldive and so on. Shall I type the list for you?

Putin is stupid.
No he can’t take money out of Singapore.

 

[Han Patriot]

Putin is stupid.
No he can’t take money out of Singapore.

I explained to you before, only 300 bil is sanctionable and ahd already been sanctioned, Russia has 210 bil foreign debt, by defaulting it or paying in rubles, he is essentially only having a net deficit of 90 bil usd, which is peanuts in terms of of foreign oil holdings. These people are not stupid, they are not Vietnamnese. Lol

 

[AZADPAKISTAN2009]

I don't even like the word SWIFT
Just called it "Dragon-Bear System"

65% of World will benefit from Dragon Bear System