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The [[SWIFT]] network is a [[Brussels]]-based global clearing office for communications between 12,000 [[bank]]s worldwide in which they advise one another about incoming transfers. It is an essential building block in international trade, and was abused by the United States, who pressured the independent managers of SWIFT to conform to [[economic sanctions]] imposed on certain countries not abiding by the so-called "[[rules based order]]" dictated by the [[U.S. State Department]] from [[Washington, D.C.]]. The "rules based order", also known as the [[Liberal world order]], by-passes the historically recognized framework of the [[United Nations]] under [[international law]] as having sole authority to impose [[multilateral]] economic sanctions.

The [[SWIFT]] network is a [[Brussels]]-based global clearing office for communications between 12,000 [[bank]]s worldwide in which they advise one another about incoming transfers. It is an essential building block in international trade, and was abused by the United States, who pressured the independent managers of SWIFT to conform to [[economic sanctions]] imposed on certain countries not abiding by the so-called "[[rules based order]]" dictated by the [[U.S. State Department]] from [[Washington, D.C.]]. The "rules based order", also known as the [[Liberal world order]], by-passes the historically recognized framework of the [[United Nations]] under [[international law]] as having sole authority to impose [[multilateral]] economic sanctions.

The [[United States]] under the [[Biden regime]] moved to ''de facto'' [[steal]] USD $300 billion held in foreign banks that belongs to [[Russia]] via a scheme ostensibly meant to fund [[Ukraine aid]]. Acts like these is what essentially drives the BRICS nations to pursue a new settlement and payment infrastructure that would bypass use of [[US dollars]] (USD) or [[euro]], thus protecting the system's users from the United States and [[European Union]] using their currencies to [[blackmail]] other countries into compliance with [[the West]]'s wishes. For example, the United States routinely employs or threatens [[economic sanctions]] against countries if they do not de-criminalize [[homosexuality]] or legalize [[gay marriage]], alleging those countries to be "[[human rights]] violators". Even a change of administration in the United States cannot repair the loss of confidence and broken trust in the global financial system or assure such "[[rules based order]]" tactics would not occur again in the future to any party or nation participating the [[SWIFT]] network.

The [[United States]] under the [[Biden regime]] moved to ''de facto'' [[steal]] USD $300 billion held in foreign banks that belongs to [[Russia]] via a scheme ostensibly meant to fund [[Ukraine aid]]. Acts like these is what essentially drives the BRICS nations to pursue a new settlement and payment infrastructure that would bypass use of [[US dollars]] (USD) or [[euro]], thus protecting the system's users from the United States and [[European Union]] using their currencies to [[blackmail]] other countries into compliance with [[the West]]'s wishes. For example, the United States routinely employs or threatens [[economic sanctions]] against countries if they do not de-criminalize [[homosexuality]] or legalize [[gay marriage]], alleging those countries to be "[[human rights]] violators". Even a change of administration in the United States cannot repair the loss of confidence and broken trust in the global financial system or assure such "[[rules based order]]" tactics would not occur again in the future to any party or nation participating in the [[SWIFT]] network.

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