The unrestrained proliferation of the dollar and the resulting ever-increasing debt bubble (32 trillion dollars) are making the dollar an ever-increasing financial risk. The bubble would burst if the world no longer accepted the dollar. Only dollar dominance enables the global financial syndicate to spend money so extravagantly. This dollar hegemony is maintained by the global US military presence. In this way, almost all countries in the world are in debt bondage to the US Financial Syndicate.A key item in the strategic partnership between Russia ,China and Iran is bound to be a Eurasian-based clearing network designed to compete with SWIFT, the global messaging system between banks.
Starting with Russia, Iran and China (RIC), this mechanism has the potential to unite member-nations of the Shanghai Cooperation Organization (SCO), the Eurasia Economic Union (EAEU), ASEAN, BRICS and other regional trading/security organizations. The combined geoeconomic weight of all these actors will inevitably attract many others across the Global South and even Europe.
The basis already exists. China launched its Cross-Border Interbank Payment System (CIPS) in 2015, using the yuan. Russia developed its System for Transfer of Financial Messages (SPFS). To build an independent Russian-Chinese financial system by linking the two should not be a problem.
The USA is fighting a loosing battle to keep the $USD as its Military manipulation tool
