"BRICS is discussing the creation of a payment system similar to SWIFT.
According to Reuters, the launch of a new settlement mechanism, similar to the Western SWIFT but excluding the dollar from trade relations between the nine member countries, 'will allow BRICS to change the global trading landscape.'
This once again proves the viciousness of monopoly as a phenomenon.
The West, led by the United States, established a monopoly system of international payments, which it tried to turn into a mechanism for punishing those who challenge its policies.
Everyone in the world understood the meaning of the Western message—and it had a boomerang effect.
With the advent of the SWIFT analogue, the West loses its monopoly on information about global financial transactions.
Paradoxically, in a systemic sense, the West itself is undermining its position in the sphere it considers its domain—global finance.
The whole point is that a monopoly always strives for totality.
Nitter: https://nitter.poast.org/nxt888/status/1816920831194472452