Add the US confiscating Afghan central bank assets and Russia being threatened with being removed from the SWIFT payment system.
Financial censorship is real.
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Add the US confiscating Afghan central bank assets and Russia being threatened with being removed from the SWIFT payment system.
Financial censorship is real.
Posted Using LeoFinance Beta
The free trade and monopoly countries have a role in this.
Some countries has too many power on others. Like Russia making all the energy in the world go really higher because they now want to keep their gas and the whole World is weakened by that.
Every country try to have power on other and the big ones like USA are really going far like trying to confiscate afghan bank !
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Russia is producing more or less the same amount of energy as it did in February 2020, but energy prices in 2020 were half what they are in February 2022. Energy production by the United States was cut drastically by the United States, and that took place on 20 January 2021 when more restrictive energy production policies took effect. We know what's happened since then.
As for the central bank of Afghanistan, that situation was wrong all around. If the more enterprising Afghans could figure out how to access the USD 1+ TRILLION in mineral resources, they would have a major source of F-You money they could use to keep out interlopers in the future.
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10 years ago, Russia being removed from the SWIFT system for payments processing would have been the kiss of death. Since then, Russia has seen the writing on the wall and moved with other nations to work on establishing an alternative to SWIFT which would be open to any nation.
Additionally, Russia had moved to de-dollarize as much of its economy as possible, and conducts trade with China and a couple of other nations in local currencies.
It won't be fun for Russia to get kicked out of the SWIFT system, but if it ever came to pass Russia would be ready to survive.
Russia could benefit from being friendly to crypto, yet it isn't. Why this is the case, I have no idea.
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