China Kicked out of SWIFT? This Might Be the CCP’s Greatest Financial Setback, Leaving Xi Uneasy
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- Опубліковано 8 чер 2024
- Once Russia's use of chemical weapons is confirmed by the international community, China will be hard-pressed to avoid blame and will inevitably incur more severe sanctions. By then, it’s possible that Chinese banks will be banned from using the international SWIFT banking system. Senior officials at the White House revealed that the Biden administration is considering cutting off some Chinese banks' access to the system.
If this happens, the impact would be unimaginable. Since its establishment in 1973, this institution based in Belgium has played the role of behind-the-scenes manipulator of global financial transactions. Today, more than 11,000 financial institutions in over 200 countries and regions are connected to the SWIFT network, processing up to 40 million transactions per day. As the world's second-largest economy and a major trading nation, more than half of China's foreign payments and settlements rely on the SWIFT system. It can be said that China's economic lifeline is closely linked to this Western-dominated financial infrastructure, and the consequences of a sudden separation would be disastrous.
#chinaobserver
All rights reserved.
who would have thought that trying to control every facet of the country would destroy the economy
It destroyed the Soviet Union.
Decoupling should happen for global economic interest. For too long China had tied up investments to other countries which may develop to become competitive producers of goods. China should not come anywhere close to monopolizing global production.
Another jealous troll, sour grape, what monopolised? Over produced? There's demand there's supply! Another Janet Yellen parrots 😂😂😂
Boycott all goods from China, a populous country with many ambitions, they have even demanded to occupy Russia's Lake Baikal. Once it becomes stronger and has the ability to threaten the United States, it will try to take everything. All the good things in this world.
i bet u wanna do the same thing and call it kim empire
Good luck with that. They showed their Real face too soon.
Not a new thing politically. Gonna get worse . The rich all seeking more and the plankton just ?
Ps everyone sais I make no sense ...
Fake tofu weapons😢
God blessed 🇺🇦 & 🇹🇼.
It amazes me that they’re so surprised that no one wants to do business with them! They’ve threatened everyone ffs!😐
I will never understand men that are not strong looking nor handsome can be so demanding and arrogant. they rely on cunning and deception to achieve their goals. they pretend to be meek.
Their good friends in Russia want to do business with them. Russia, with their small economy. They can have each other
So has america for decades tho just saying. 😮😂🎉❤
I’m surprised they haven’t included companies that supplies chemicals for fentanyl manufacture to Mexican drug cartels.
They are in on it with fentanyl, especially Canada. The military war machine hates competition however
@@doomerang1438 : Am beginning to realise that the war literally never ended, basically.....
They are perhaps too naive to realize that China is doing this deliberately as an act of war, if you believe what appear to be internal documents that have been leaked.
One problem China has with its currency is that some currency notes have been found to have duplicate serial numbers. They are not counterfeit notes as they were printed by the same Chinese government agency that prints the official currency notes. It is possible that such types of currency printing could fool international bankers and governments from correct evaluation of chinese currency exchange rates via the SWIFT currency debt resolution system.
Then those countries should demand payment for merchandise in platinum,gold, or silver bullion! 😊
Do you have something like photo to be proven?
@@marcelandrey9579 It was shown on some forums with pictures of example currency notes as discovered in Hong Kong. Also, the problem was mentioned by Serpentza and Laowhy86 in one of their youtube podcasts. As for online proofs, as soon as CCP China finds any online sites with proof of past misdeeds, they go after the site to take down the proof. They've even scrubbed the Internet Archive of some articles before.
@@marcelandrey9579Look it up. There are videos covering this issue.
Lol.. Trying to spread misinformations?? China hardly use cash! Easy tu debunked these lying trolls, you still think China is in the 70s?? America printing fake money all day long and you kept your mouth shut.. 😂😂😂Hypocrite!
dumb dictators always fail in the end..
And comrade tricky Xi is smiling his way through Europe saying, WHO ME?
His mandate from Heaven ain't working out too well in general
We’ll see, I warn you.
Xi is always smiling. Hardly change his permanent face is forever the same. Isn’t it diff from our Mr. Biden or Mr. Trump? It’s feeling eree look like in twilight zone. 😵💫👻😳☠️😱
@@bjornskivids No heaven in China. CCP prides themselves on having no religion or faith, which says a lot about who they are.
paper dragon doesnt deserve worldwide respect
And what about the U$ and NATO, who started the war
@@seabedsandgawd …always back to …but but but merica! Try something new, like a REAL argument. smh
5000 chips per EV... with the limited lifespan on chips that seems like 5000 ways for your car to break.
Realistically China can only grow about 18% of the food they eat.......mostly due to the CCP driving farmers off their land and the land and water quality is too poor in a lot of areas that were futile farmland before flooding and pollution from factories
they will survive on anything that walks. fly's, slithers, craws, burrows or swims
That's not true. They are food exporters and unlike the rest of the world, are not experiencing food inflation.
@@reformedwhiteman you are sadly mistaken
@@midbc1midbc199 really. I lived there many years and still do business there. I have family and friends there. Why are they all denying food inflation? Are they afraid of the “CCP”? Hahaha! You’re ridiculous.
@@reformedwhitemanreally? Cuz I just read that Chinese are crying because a bag of noodles at the store just went up to 70cents per bag, way too expensive for folks who aren’t getting paid!
Play stupid games, win stupid prizes!
Its not steaing & copying that makes a nation great.
Its free enterprise capitalism as an economic system to end hunger, poverty, and extreme poverty across the globe.
If China got kicked out of SWIFT, how am I supposed to pay for Temu, Aliexpress junk with?
Kick your mums butt you think America can survive without China??
That's the neat thing, you don't.
I wonder that too. Anyway, I’m not using temu nor aliexpress or Alipay and WeChat pay. Also, many Chinese, are putting Alipay stickers on regular shops , restaurants, health clubs, bars, massage parlors. Here in Korea. Also, many Chinese peeps believe everyone in the world uses Ali pay. Which is not. Also many Chinese banks doesn’t work at all abroad. I just would like that Chinese banks explain their customers that their credit cards and credit level is different when going abroad…
Good.
IT means This channel is fake
KIK EM OUT
CHINA DE-DOLLARIZATION DUMPED ALL US TREASURY BONDS AND DOLLARS RESERVES DONT NEED THEM . UNDER BRICS IS BEEN HAPPENING FOR YEARS NOW THUTH IS THAT. They QUIT - THEY DID NOT WERE KICK OUT STUPID
Many chinese business established an office in HK and trade in HK, probably not because of SWIFT, but have extra flexibility due to tight currency control in China. Many HK based business that forseen the possible US sanction, also established a company (not even office) in Singapore and do their banking in Singapore.
On a bit of a tangent here. I love the SWIFT logo, fabulous retro Twentieth Century vibes.
Hahaha! You mean outdated and you are right. This is all kabuki and the west, Russia, and China are all working together. Oh no!!! The terrible Russians and chineeze wanna take our fweedums!!!! 😂
Shhh.. If they noticed that, they'd probably change it to some lame, modern flat art design.
SPSF , equivalent to SWIFT , China , Russia , and many other countries also use that to transfer money
They can try but they will lose a huge part of their economy. Trading Russia for Europe and US which economy is combined 50x bigger than Russia will be enormous.
China is very scared about this. Today they announced Russian cutbacks
@@justinwolf7490 "50x bigger" lol, if only
@@user-in2km7pb9u go look it up. It’s easy to find economy sizes. Unless you are in China and Russia where you have no freedom or access to information without a VPN.
Everyone that uses swift vs Russian economy? It’s a no brainer but let’s see what Xi does.
US economy bigger than China & Russia combined. God blessed
🇺🇦 & 🇹🇼.❤🎉❤🎉❤
@@justinwolf7490
You are always a big mouth.
Half UK families get 3 pounds left per week, which is enough to buy a pack of eggs.
The USA is bankrupt with 34 trillion debt.
The Chinese export industry is dependent almost entirely on the container handling cranes at the major ports, isnt it ? If the Chinese seriously threaten or even attack Taiwan, a relatively few missiles would ensure those crane operations would cease for at least a couple of years, and vital ship movements at the same time would also cease without cargoes. The export industry would be dead in the water for years for the price of some missiles launched from ships or aircraft hundreds of miles away. Or rather less, if launched from Taiwan's territory .......
Banning China from Swift would be a mistake. More incentive for them to expedite its BRICS and CBDC efforts
No, the so called technological Rush China would get from embargos actually worked. China is not capable of making hardware; they aren't able to manage a banking system.
🤣🤣 The Ccp do not need "incentive" to de-dollarize. They just need groupies that will believe their lies!
Be awhile, we tried trust again and in the numbers and time historically this cannot last long ..
It should be noted that China is #3 on BTC holdings with over 194,000 BTC, much of which is confiscated from the crypto crackdown. This is just behind USA being #2 with 207,189 BTC and the #1 MicroStrategy with 214,400 BTC holdings.
I don't see a car having 5,000 pieces of silicon... ever.
The car I had in the 1960's had hundreds of stone chips, paint chips and even fish and chips inside the car.
@@ozeight4278 But did you have 5,000+ chips?
What is the real GDP of China?
What is the real debt of China including all levels of government?
What will Yuan be worth in a year from now?
Do you need a free press to hold government officials accountable?
And these are just a few of their wonderful fake and/or unknown stats.
Stagflation, Demographic Disaster, CCP One-Party Authoritarian System, Corruption, Economic Collapse, Etc...
I learned that their debt is at or just over 100trillion usd.
What is China so afraid US ?
Over 2000 chips in current EVs and there may be a need of up to 5000 in the future? Thank you for pointing out yet another flaw in these vehicles.
I'm also disappointed to find out current combustion engine vehicles can take up to 1000 chips. It seems like we should be simplifying the production not adding complexity and cost.
Well: fact is that all those sanctions harm the G7 more than anyone else.
I've not seen that bear out.
THE WEST FIAT GAME IS COMING TO AN END
@@belleairBabe can you put a time frame on that, please?
And now the value of RMB has fallen off a cliff
UN mustn't give China chances to continue its wrongdoings to others insted make them suffer worsts
Their wrongdoings will lead them to worst karma
Yes good job boss
Decoupled from the CCP.
Here we go again!
why is china making the customers so uncomfortable with threats of war with Taiwan why can't they just be business partners with global leaders it would be much more profitable for them
Because they don’t think long term, theyre thinking short term. They do not want to empower their own people like the west does. They cling on to the old ways of communism where power is centralized rather than decentralized. They don’t care about their own population. I lived out east, they care far less about you than the west does.
Communist logic
Good 🎉
Good
CCp gets kicked off "Swift". now CCp creates "ZWIFT" BIGGER BETTER & un regulated.😥
They like brics anyway
Problem is..some of the local official/s personal records extremely dubious. Worst-case-scenario, the business he/she may invoved may even more disastrous.
Netizens in general, incl comelec approving entities shall be collectively liable/ responsible for the wrong.
What if..chinese business establishment/s when/ where deemed reasonable reasons to doubt regardless of gravity shall be checked (records), inspected and verified. Extreme vigilance required.
No big deal as Indian private fund transfer system run by chettiars is more efficient. Everybody knows this!
video started by saying SOME chinese banks, and goes on for 10 mins about how kicking out of SWIFT would impact its economy as if ALL banks got kicked out...
All banks use swift genius
@@iamamoghalfmanhalfdog5325 video starts by limiting swift sanctions to some and then acts as though all chinese banks get sanctioned. Talk about spinning. The few banks in question are merely rumoured to get kicked out.
@@ZionistWorldOrder fair point i guess but if china gets blocked from swift literally then thats all banks
now this is serius, china is the factory of the world, but if you could not sell them...
Oooooooo u in trouble 😮😂😂
And your out of there. 👍
Chinese invited to live & work in NORMAN, Oklahoma; we have work !
YOU CANT STOP BITCOIN....
Blackrock stopped it fine. You idiots were soooo elated for ETFs. Bwahahaha!!!!
After the blogger lied, he did not care whether his front teeth would be kicked out in front of the truth a few days later.
Trying doing us observer with the same type of video. I look forward to it. I can help ylu come up with endless content due to the endless lies and ploys for endless wars
Imagine training someone to fight
and once they learn a punch capable to knock you out
they start trying to bully you with a few others they semi taught that punch
👍
DUMP ALL U S bonds
Whyyyyyyyyyyyy
One thing I love is that, among the seeds China is dependent on other nations for is soybeans, (a crop that originated there). China has gotten so deeply into using US and Japanese selected types that they have largely let their own native supplies vanish from the market (some growers still use and sell them, but they are generally smaller, and therefore considered lower "grade" and not as profitable, so most growers switch to the imported elite material as soon as they can afford to.)
The majority of people don’t eat soy beans
@@russelbrown6275 Well, not as themselves, but, especially in China, they're pretty key to the cuisine. Soy Sauce, Black Bean Sauce, Yellow Bean Sauce, Bean Paste, Tofu, etc. And the beans they use as livestock feed are also imported.
Next senction is temu shien, China's eBay sellers
Great reporting thank you.
CIPS: sponsored by China, for RMB related deals. 1467 financial institutions in 111 countries and regions have connected to the system. The actual business covers more than 4,200 banking institutions in 182 countries and regions around the world.
This will only aid in the seperation from the petro-dollar already underway. Russias economy is better than any EU nation and China know how to do payments. These two together could create a seperate financial system. Even if it doesnt take hold now it could create instability in the petro-dollar.
No need to Kick out, who need Swift , it fool the world awhile
1:20 "Slovakia"? Any proof? Send it to the EU authorities.
Would it be surprising? Slovakia is the shadiest country in the EU. A kleptocratic, post soviet state with Bulgarian living standards at Swiss prices.
@@jimmyjakes1823 I see. Been to Czech Republic a lot, but not Slovakia...
Wrong head line,
China can mde their best chips such a SHRIMP 🦐 CHIPS AND POTATOES CHIP
Never happen…
B.r.i.c.s and gold for the win!!!
B.R.I.K.S is a dead organization now
Came to read colonists mentality. Crypto is the new currency. XRP.
Brics should use their own
bait title; the video says Biden is only considering it for only several companies
Biden doesn't have a clue. All he does is read the teleprompter and poop his pants.
Im pretty sure thiis channel is PROPOGANDA 😂😂
I alway watche this channel with a grain of salt.
A thumb Down (👎dislike) click after 2 minutes of watching it and stopped watching after four minutes. I asked how much the CIA paying them???
@@SueC2558
I started fol•low•ing
*INSIDE CHINA BUSINESS* instead.
Shorter length... and legitimately more interesting.
And no...
I'm not a Robot.
Free PALESTINE
🍉🍉
Hey wumao guy, the whole south east Asian sea is Chinese territory, is that correct? Free my @#£ 😂😂😂
Any country that isn’t supported by #TaylorSwift usually fails.
😅
Eh? I though CCP had tofu military and equipment
"Development of New Productive Forces" xi jinPooh must think that phrase has deep philosophical import, when in fact it is a most vapid and meaningless waste of letters and words.
WHAT DOES IT EVEN MEAN??? Are people supposed to chant that phrase over and over, hoping that somehow it will create valuable concepts, methods, and products out of thin air???
Reminds me of the wuxia novels, the Ultimate Supreme Eternal Golden Emperor Dragon Ancestor Emperor
Barking dogs do not bite. Paper tigers do not threaten.
Setback? You mean Blunder.
china might not be as worried.
who is tara and why does the fbi want her dead ?
They'll just use crypto
Another f,n one sided story
The U.S. and China both do what they want....international law, the World Court, the International Criminal Court, the United Nations, etc. are ignored. It has thus been this way throughout history. In fact, a country would be foolish to listen to another country's criticisms. Do what you want including invading other countries territories. China has invaded the South China Seas, Tibet, and Vietnam. The U.S. has invaded Vietnam, Iraq, Afghanistan, etc. Every country does it when it is powerful. If you listen to other countries, you are foolish.
China Russia planning to exit from United Nations
Smart!
Peace on earth after Russia and China no longer have malevolent influence on the world.
That would be wonderful. Everyone should leave the UN
It won't happen
@@bjornskivids Agreed. They need a place to whine.
@@bjornskivids no. Just the Truly Evil Dictators. You can't admit it because? You're a pawn for Vladimir Putin and Xi Jinping Xitler ( pronounced SHITLER) ?
The rich never get enough, thus anyway to get more woo hoo we're on it . Plankton feels the same ... but they're not rich ...
Nooo..! The dollar is no longer important. Swift is no longer important. 😂😂😂
In the 1970’s , Saudi Arabia imported 95% of it food , over the years , Saudi Arabia has built 27 Desalination Plants , and is now a huge exporter of food , and is supposedly #2 in the World for Food Charity to other countries
Source?
@@lifegamerpro4033 media1.tenor.com/m/v6Awsd0YO7IAAAAd/metal-gear-rising-metal-gear-rising-revengeance.gif
@@lifegamerpro4033 can’t remember , either from a documentary, or other video about Saudi Arabia from a year or so ago , also watched over a year ago , Elon Musk sitting with the Prince of Saudi Arabia , Elon was telling him he can replace 85 million jobs in America in a year and a Half , and 300 million jobs world wide in another 2 years after that , and Elon is just one of many building Robots / Androids , middle class and poor people won’t have a job anymore , the FUTURE
@@lifegamerpro4033 From the World Bank's "World Integrated Trade Solution" database for 2021:
Saudi Arabia, Food Products, Imports: $7.80bn, Exports: $1.87bn
(Even if their exports were higher, desalination requires fuel in which PRC already has a 10:1 import vs export deficit - costing the country over $360bn for 2021.)
Isreal built those plants. Saudi doesnt build anything
See who are the real war criminals, and the endless lies they spew. Satan endless lies for wars
Explains why the demons who wear the vestments of the righteous, who come from Babylon, really like the Chinese, compared to Japan, Korea.
like Russia cant supply its military?
Not enough, no they can't
The brics meeting is happening sometime this week this is not a major financial setback
I never fool myself to view your video entirely. But I would like to ask what happened to the huge cracks on the deck of the Fujian carrier? As to the SWIFT we really hoped China to be kicked out so that US would not be able to blame China for the crash of the dollar.
The cracks are funny, so are the issues with the ship needing to stock multiple different fuels to function, versus every other nation.
Or how often the ship breaks down.
Greatest financial blessing ❤❤❤❤❤❤❤❤❤❤
😂👉🇰🇵🇨🇳
The problem with mililtarizing the dollar is, everyone will pivot out of it.....and they will all come flooding back...aka hyperinflation! even i dont want to hold dollars anymore and i make more then most! #goldbishs
The words of an old wise man, "You cannot trust the Chinese."
Xi Jin Pooh Bear 😆😆😆😆
Who left school in the 5th grade
Setback? No. Opportunity!
China Russia planning to exit from United Nations
Lol the Chinese yuan is useless globally. There's no opportunity aside from using what amounts to 3rd world enemy nations of the USA. The M2 report has shown China is in debt over 40 trillion USD. Since they lie so much with their data global economists estimate they could be in debt as much as 100 trillion USD. It took America almost a century to incur 30 trillion in debt. It took China 30 years to incur 40-100 trillion in debt. Anyone who thinks they can take over the globe and replace the west is as incompetent as the CCP is.
@@lifegamerpro4033good! Glad to see them gone from the 5 members of the UN Security Council. They can form their own Security Council with African countries and Cambodia, for example.
No it won't. It will be the end of the dollar.
God bless the good people of China. May their futures be bright and happy.
Monopoly by definition means ONE. Seven company’s from seven different country’s is the definition of a competitive marketplace. Everyone is welcome to develop their own technology
What's the difference between the USA helping Ukraine and Israel with weapons and china helping Russia just one law for the USA and another for everyone else
It is time for these countries to tell the USA to kiss off.
🇺🇸 #1
Whoa whoa, whats with the salty sailor langauge!? Children may be reading this, for Gods sake
Funny at the least, sick and it is not close to worst. Even showing mirror to US does not help, because they can buy anyone with their crap bills
BITCOIN! Get on with it :) and no not ETF manipulated junk.
Mark Cuban has some interesting ideas about killer apps for NFTs.
France is America's oldest ally.
Yep, agreed. Not many folk realise that Lafayette (French) significantly assisteed the US forces during the war of Independence from the UK.
Even though it was a spillover of Anglo-French squabbling in Europe, France absolutely was the first ALLY of the USA, even before the USA was the USA...
Boycott all good from America
America needs more china than ever.
This is 1945 news as CCP was referred to instead of CPC.
The change from CCP to CPC is relatively new. This in order to shed off the historical documented behavior of the CCP for younger people not knowing any difference.
@@danblumel the ccp was brutal against foreign invasion (mainly western) and gave rise to the new cpc. So in any context referring to today's China, it is cpc, not ccp. Ccp refers to party level with kmt as rival prior whereas cpc is to the nation as a whole i.e. one party system. So it's confusing even for journalists who lack deep understanding.
Russia finds actual US bio-labs in Ukraine and this video bloviates about Russia developing bio-weapons?!?
Don't talk about the US land in Ukraine or China. You can trust the US with bioweapons
No, China is very well prepared. Russia grows even stronger after being kicked out of the SWIFT not to mention the giant China. However CIPS is the alternative and no country would disagree trading with RMB for its daily needs.