The Global South Births a New Game-Changing Payment System

The Global South Births a New Game-Changing Payment System

The Eurasia Economic Union (EAEU) is speeding up its design of a common payment system, which has been closely discussed for nearly a year with the Chinese under the stewardship of Sergei Glazyev, the EAEU’s minister in charge of Integration and Macro-economy. Through its regulatory body, the Eurasian Economic Commission (EEC), the EAEU has just…

A World without Dollars? Are We Approaching the End of America’s Financial Order?

A World without Dollars? Are We Approaching the End of America’s Financial Order?

For Washington, the U.S. dollar is leverage, a financial weapon to dominate the world economy, to impose its foreign policy agendas and to secure a steady flow of natural resources over sovereign countries who use the currency. In the last decade or so, the reputation of the U.S. dollar has been widely discredited because it…

Russia’s Alternative to SWIFT Already Has Market Majority in Russia

Russia’s Alternative to SWIFT Already Has Market Majority in Russia

During the ruble crisis of 2014/15 Russia announced in the wake of U.S. and European sanctions over reunifying with Crimea that it would begin building a domestic electronic financial transfer system, an alternative to SWIFT. That system, System for Transfer of Financial Messages (SPFS), is not only now functioning in Russia, according to a report from RT it now…

Trump Considering “Kinetic Military Action” on North Korea Including “Sudden Strike”

Trump Considering “Kinetic Military Action” on North Korea Including “Sudden Strike”

Following Sunday’s failed medium-range missile test by Kim Jong-Un, President Donald Trump has been evaluating his response options and according to Bloomberg, which cited a “person familiar with his thinking”, is willing to consider ordering “kinetic” military action, including a sudden strike, to “counteract North Korea’s destabilizing actions in the region” However, before launching another…