Currency Wars: Mechanisms for European Trade That Bypass SWIFT

The European rulers are going to have to decide whose side they are on. Russia, China and Iran offer parts of Europe energy and infrastructural resources. Yankees offer them nothing but threats.  The Instrument in Support of Trade Exchanges allows Europeans a chance to bypass the dollar-dominated SWIFT mechanism so that Europeans can trade directly with Iran and bypass Yankee sanctions. But will they take the opportunity?
Image from sott.net

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