After World War II, the US dollar became the world's primary international

trading currency. In this video Dr. Thiel and Steve Dupuie go over some of

the reasons for that development. They also discussed US dominance of

SWIFT. SWIFT stands for the Society for Worldwide Interbank Financial

Telecommunication. SWIFT provides a network that enables financial

institutions worldwide to send and receive information about financial

transactions. The use of sanctions and the weaponization of SWIFT by the US

is brought out as are alternatives to SWIFT development by Russia (System

for Transfer of Financial Messages-SPFS) and China (Cross-Border Interbank

Payment System-CIPS). Also the BRICS Pay alternative to SWIFT, …