Assessment: Once again, an American strategic blunder offers the Russia-China self-described “comprehensive strategic partnership” the chance to advance their coordination.” …
Zero Hedge: Russia and China’s announcement of an independent financial trading platform will free nations under US sanctions from western intrusion into their commercial activities…
Vladimir Putin got straight to the point. At the opening of his one hour and fourteen minute video conversation with Xi Jinping on 15 December, he described Russia-China relations as “an example of genuine inter-state cooperation in the 21st century.”
Their myriad levels of cooperation have been known for years now – from trade, oil and gas, finance, aerospace and the fight against Covid-19, to the progressive interconnection of the Belt and Road Initiative (BRI) and the Eurasia Economic Union (EAEU).
But now the stage was set for the announcement of a serious counter-move in their carefully coordinated ballet opposing the relentless Hybrid War/Cold War 2.0 combo deployed by Empire.
As Assistant to the President for Foreign Policy Yuri Ushakov succinctly explained, Putin and Xi agreed to create an “independent financial structure for trade operations that could not be influenced by other countries.”
Diplomatic sources, off the record, confirmed the structure may be announced by a joint summit before the end of 2022. Read More …
SWIFT is a vast messaging network used by banks and other financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions. More than 11,000 SWIFT member institutions sent over 35 million transactions per day through the network in 2020.
BRICS is the group composed by the five major emerging countries – Brazil, Russia, India, China and South Africa -, which together represent about 42% of the population, 23% of GDP, 30% of the territory and 18% of the global trade.
Iran is a classic example of SWIFT becoming hostage of imperial political manipulation. Iranian banks were expelled from SWIFT in 2012, because of pressure from the usual suspects. In 2016, access was restored as part of the JCPOA, clinched in 2015. Yet in 2018, under the Trump administration, Iran was once again cut off from SWIFT.
Hawks in the US State Department have been using SWIFT as a sanction threat to keep Russia and Iran in line.
May 28, 2021, Carnegie Moscow center
How Disastrous Would Disconnection From SWIFT Be for Russia?
The April 29 resolution passed by the European Parliament on excluding Russia from the SWIFT international payment system should its troops invade Ukraine may be legally nonbinding, but it did not go unnoticed by the Kremlin. Presidential spokesman Dmitry Peskov said a potential cutoff was a serious threat, and that its implementation could not be ruled out.
NBC News, December 8, 2021:
Biden team weighs unprecedented sanctions against Russia over Ukraine
The Biden administration is weighing sweeping sanctions against Russia if it invades Ukraine that could cripple Russia’s access to bond markets, throttle major commercial banks and target powerful oligarchs, an approach that would put Washington in uncharted waters in its confrontation with Moscow, current and former administration officials said Wednesday.
From the article:
‘Russia and China have been experimenting with their alternative payment systems for quite a while now: the Russian SPFS (System for Transfer of Financial Messages) and the Chinese CIPS (Cross Border Interbank Payment System).
It won’t be easy, as the most powerful Chinese banks are deep into SWIFT and have expressed their reservations about SPFS. Yet, they will have to inevitably integrate prior to the launch of the new mechanism, possibly in late 2022.
Once the most important Russian and Chinese banks – from Sberbank to the Bank of China – adopt the system, the path opens for other banks across Eurasia and the Global South to join in.”
A constantly asked question from Bible teachers is – where is America in prophecy? Ironically, after Gog Magog, which takes place just before the onset of the tribulation, neither America, China, nor Russia as independent nations are mentioned again.
Instead 4 power blocs form setting the stage for the final battle of the Tribulation:
- King of the North: Syria, nations to the north of Israel Dan.11:40)
- King of the South: Egypt, (North Africa), nations to the south of Israel (Dan. 11:40)
- Western Alliance, Beast Army of Antichrist – revived Roman Empire (Psalm 2:1-4; Dan. 11:40; Rev.16:14, 19:19)
- Kings of the East – China India, Nations to the east of Israel(Rev. 16:12)
See Daniel 11:40-45 in Bible Prophecy 101 Chapter 8 for the final war of Armageddon HERE