But let\u2019s start with a comparison of Russia\u2019s central banking system to that of the U.S. Federal Reserve. The systems are very different. One must first understand that Russia is now officially \u2018disconnected\u2019 from the Western banking order. Not only has it been cut from SWIFT, but it\u2019s also been booted out of BIS, or Bank of International Settlements, which is the most powerful institution and central node of the entire Western global financial network.<\/p>\n
https:\/\/simplicius76.substack.com\/p\/russias-cbdc-exploring-the-truth?<\/a><\/p>\n edit added snip<\/p>\n As a quick digression to clear the plate\u2014we all know by now that Putin\u2019s previous designation by Klaus Schwab as a \u2018Young Global Leader\u2019 was in fact a lie<\/p>\n","protected":false},"excerpt":{"rendered":" But let\u2019s start with a comparison of Russia\u2019s central banking system to that of the U.S. Federal Reserve. The systems are very different. One must first understand that Russia is now officially \u2018disconnected\u2019 from the Western banking order. Not only … Continue reading