Red October!!

The move is poised to be vital for the bloc and participating nations, and it appears there will be a lot of them. According to one Russian official, there are already 159 countries seeking to adopt the system currently. With a potential launch coming in October, it could have massive global market ramifications.

This should tank the stock market in October-ish timeframe (probably a bit before then, since the markets are forward-looking).

It will probably also trigger massive inflation, since the demand for dollars will fall precipitously if countries have an alternative to the dollar-based SWIFT system.

There's your WW3.

I wonder how instant it will be. I figure end of 2 weeks bread will be unobtanium

Bye bye fiat….

Here we go.

What are countries like Australia who send massive commodity exports to China going to do when they demand they settle via this system v SWIFT? They will fall into line very quickly.

Watch the USD. That is the prime target. Once you can start settling in non USD it will drop demand for dollars.

Is there a list of them?