Quote:
Originally Posted by clf
The problem with the swift system would mean they would start to use (or solely use) the Chinese equivalent. This seemingly would cause financial problems for a lot of EU countries, in particular Germany. Not to mention when things settle down again, and countries start to trade again with Russia, they may force those countries to sign up to the Chinese banking and money system, which would then destabilise the position of the dollar as being the currency of choice for transactions (think of population sizes).
|
Well, yes quite. That in turn would depend on the Chinese being to some degree concerned about the continued reciprocal connections with the entire Western world and it's imports from China and how that would affect their preparedness to look again at the wider trade figures. It's an ill wind...
However, is Mr. Putin entirely without any objectors in government? Or are they all either of similar mind or just plain terrified of him?