by Bill Holter, Miles Franklin:
The biggest news last week and for the year so far, pertains to the SWIFT clearing system and what they just did. The U.S. has been pushing to kick Russia out which would certainly hamper their ability to do business internationally. The idea was to isolate Russia and box their trade in. This action has been at the top of the list for the U.S. in their move to press more and more financial and trade sanctions on Russia. It just backfired and may even boomerang. Not only did SWIFT not isolate and kick Russia out, they are giving Russia one of their 25 board seats! You may or already probably know this news, I believe the world has now made and about face and we may now have a glimmer of hope for the world at large. I will call this “a vote for peace, a vote for truth”, let me explain.
First and most importantly, the vote is not just a “no vote” to isolating Russia, I view it more as a “no vote” and against the United States dollar hegemony. The U.S. has during our entire lifetimes “run and ruled the world”. Whatever the U.S. says, goes. This mentality has obviously been even more forceful in recent years as the U.S. has sent military all over the world to enforce their desires.
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