Re: Blocking the SWIFT system
The SWIFT system only became powerful due to dependability and track record of avoiding political interference. Iran surviving without it. Russia and China moving away from it as its impartiality in question. Russia moving to gold from U.S. dollar for its bank reserves. A ban of either would be the end of the system as an international standard. Countries with major trade surpluses less vulnerable. World needs Russian Gas/oil. China manufactures everything. Can barter finished goods for raw materials. Both face strong enough demand that can demand payment in their own currency rather than dollar if SWIFT ends!