Sky1981
Fending off the urge
Someone explain to me why this SWIFT decision won't just result in Russia, China, India having an alternative. Don't China have one already? Do we really want Russia being pushed east, or will these sanctions ruin them?
Bilateral trade and probably a few B2B business can always trade. Golds. Bonds. Rubels. Yuan. Barter. Etc.
But 99% of the population will get stuck. And that's practically it. You cant withdraw, exchange, cant even buy online, pays for netflix etc
That's why america are so weary about nations that wants to deviate from USD or any other region that does so. It's their economic atomic bomb.