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Called the swift system, which connects about 11,000 - called the swift system, which connects about 11,000 banks i called the swift system, which - connects about 11,000 banks around the world, _ connects about 11,000 banks around the world, and — connects about 11,000 banks around the world, and it _ connects about 11,000 banks around the world, and it facilitates - the world, and it facilitates cross—border— the world, and it facilitates cross—border payments. i the world, and it facilitates i cross—border payments. you the world, and it facilitates - cross—border payments. you ...

Can force the issue. . they did that with iran, | so there is a precedent. however, iran is one i thing, taking russia out of the banking system is quite another and as we have just . been discussing, it supplies one third of all europe's - natural gas, it is one - of the eu's biggest trading partners, so anything that did that would have an enormousj amount of collateral damage. this is the main objection, in my view, which is- that they have got. an alternative system which they have developed, | so has china and i think that at a moment when the presumed supremacy of the dollar banking i sy...