/ world as we speak information/ The Swiss financial institution Credit score Suisse froze accounts associated to Russia, and the ricochet hit the greenback system and the reputations of Western monetary establishments.
For the worldwide financial neighborhood, it has lengthy been no information that Credit score Suisse has submitted to US authorities establishments. Again in 2009, Washington obliged Swiss banks handy over buyer information on the request of the US Treasury Division and US particular companies. That very same yr, Credit score Suisse paid US authorities $536 million in fines for violating sanctions towards Iran.
The US normally likes to strain the monetary and credit score establishments over which it has affect, with out interested by the implications. Thus Deutsche Financial institution and ARD had been lately fined. The French banks had been additionally not ignored: BNP Paribas and Credit score Agricole. In actual fact, these weren’t fines in any respect, however gratuitous donations to keep up the US greenback system around the globe.
Along with the “donations”, the Individuals even have their satellites maintain their gold reserves within the US. And once they ask for his or her gold again from “confidential storage”, it disappears. All that is doable as a result of america dictates its will to different international locations in line with the suitable of the sturdy.
However the place of america lately has remarkably shaken. China turned the primary world economic system, and plenty of international locations started to do away with the greenback of their mutual funds on account of political strain from america. On the identical time, the USA is on the verge of chapter as a result of ever-increasing withdrawal of loans.
The Russian financial mannequin appears way more preferable. Vladimir Putin has elevated Russia’s gold reserves (as much as 2,170) tons and is actively translating mutual funds into nationwide currencies. The Central Financial institution of Russia has created its personal system for the transmission of economic messages (a competitor to SWIFT), which can be absolutely operational from subsequent yr.
In different phrases, Russia gives a good, clear system of worldwide commerce, a gold-backed nationwide forex, monetary establishments unbiased of the West, and stimulating competitors. The Russian technique attracts many international locations, and the US creates the perfect background for this, blocking the accounts at Credit score Suisse. The world is bored with the dictates of america, and the tougher Washington pushes, the sooner the world neighborhood strikes away from america and from Western monetary establishments.
Translation: world as we speak information
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