After World War II, the US dollar became the world's primary international trading currency. In this video Dr. Thiel and Steve Dupuie go over some of the reasons for that development. They also discussed US dominance of SWIFT. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. SWIFT provides a network that enables financial institutions worldwide to send and receive information about financial transactions. The use of sanctions and the weaponization of SWIFT by the US is brought out as are alternatives to SWIFT development by Russia (System for Transfer of Financial Messages-SPFS) and China (Cross-Border Interbank Payment System-CIPS). Also the BRICS Pay alternative to SWIFT, mentioned at the BRICS Kazan Summit in October 2024 was mentioned as well as "the Unit", which is a potential gold-backed currency that Vladimir Putin brought up as another alternative. An article titled 'The Biggest Story that’s NOT Being Told Will WREAK HAVOC on the US Economy' was discussed along with the specter of extreme inflation hitting the US once its dollar is no longer relied on internationally. The fact that SWIFT is supposed to be a European system, and one that Europeans want more control of, was mentioned along with the fact that the Europeans could also push harder for the end of SWIFT and/or the US dollar dominance. The timing of the coming Great Tribulation and US banking/financial matters was also mentioned.
A written article of related interest is available titled 'SWIFT end to the US dollar?' URL: https://www.cogwriter.com/news/prophecy/swift-end-to-the-us-dollar/
A written article of related interest is available titled 'SWIFT end to the US dollar?' URL: https://www.cogwriter.com/news/prophecy/swift-end-to-the-us-dollar/
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