The SWIFT Alternative Network: How China Built a Payment System Outside U.S. Control

Описание: In 2015, while the world wasn’t watching, China launched CIPS—a payment system that now processes $24 trillion annually and connects 1,757 banks across 124 countries. This is the untold story of how Beijing is quietly dismantling 50 years of dollar dominance.
When Russia was cut off from SWIFT in 2022, the world expected economic collapse. Instead, 90% of Russia-China trade now bypasses the dollar entirely. This wasn’t luck—it was infrastructure built over a decade in response to what happened to Iran in 2012.
IN THIS DOCUMENTARY:
• The 1971 Nixon Shock that ended the gold standard
• How the 1973 petrodollar deal with Saudi Arabia created artificial dollar demand
• Why SWIFT became the “weapon of choice” for economic warfare
• Iran’s 2012 disconnection—the warning China couldn’t ignore
• How CIPS grew from 19 banks to a global network in under 10 years
• Russia’s pivot: $147 billion to $245 billion in China trade (2021-2024)
• The yuan’s rise: from 2% to 4.33% of global payments
• Saudi Arabia’s quiet shift away from exclusive dollar oil pricing
• Why every U.S. sanction accelerates dedollarization
KEY STATISTICS REVEALED:
✓ CIPS processed 175 trillion yuan ($24.45 trillion) in 2024—up 43% in one year
✓ 190 direct participants + 1,567 indirect participants across 124 countries
✓ Yuan now accounts for 6% of global trade finance (up from 2% in 2023)
✓ 23 Russian banks joined CIPS in 2023 alone
✓ Dollar’s share of global reserves declined from 65% to 58% in a decade
✓ China’s Belt and Road Initiative: $1.3 trillion across 150+ countries
THE CONTRARIAN INSIGHT:
The real threat to dollar dominance isn’t China’s alternative system—it’s America’s increasing use of financial sanctions that makes alternatives necessary. Every SWIFT disconnection creates urgency for backup infrastructure. Iran showed the vulnerability. Russia proved the need. Now even U.S. allies are building contingency plans.
This isn’t about replacing the dollar tomorrow. It’s about creating options for a multipolar world where no single nation controls the financial rails.

SOURCES:
All information verified through Federal Reserve data, SWIFT official statistics, CIPS official records, IMF reports, Bank for International Settlements, Deutsche Bank Research, Carnegie Endowment, Reuters financial data, and U.S. State Department historical archives.

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DISCLAIMER: This documentary presents factual analysis of global payment infrastructure and geopolitical economic trends. It is not financial advice. All statistics and claims are sourced from official financial institutions and verified academic research.