The Corbett Report

The Death of SWIFT and the (Engineered) Death of the Dollar

Corbett • 09/02/2018 • 2 Comments

Remember when I told you about “China’s SWIFT Alternative and the (Engineered) Death of the Dollar“? Well, now it’s Germany’s turn to get in on the act.

As the Rothschild Financial Times reports:

Germany’s foreign minister has called for the creation of a new payments system independent of the US as a means of rescuing the nuclear deal between Iran and the west that Donald Trump withdrew from in May.

Writing in the German daily Handelsblatt, Heiko Maas said Europe should not allow the US to act “over our heads and at our expense”.

“For that reason it’s essential that we strengthen European autonomy by establishing payment channels that are independent of the US, creating a European Monetary Fund and building up an independent Swift system,” he wrote.

Boom. There it is.

As I wrote in these pages earlier this year, the scrapping of the Iranian nuclear deal was the international crisis that was needed to tip the scales and nudge the EU out from under the umbrella of the post-WWII American World Order and into the clutches of the New Eurasian Order that President-For-Life Xi is busy constructing with his Belt and Road project. That Belt and Road vision of a united Eurasian trading space is not just about building highways and rail lines; a key aspect of that vision is the creation of an alternative payment system that bypasses the American-dominated SWIFT network.

So what is the SWIFT Network? What does it mean for the Old World Order that Germany is talking about creating an alternative? And how does this all tie into the engineered death of the dollar? Find out in this week’s edition of The Corbett Report Subscriber. For full access to the subscriber newsletter, and to support this website, please become a member.

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