Title: What Happened to the United States?Revealing the "Missing" of $6 Billion Who closed the door to international finance?
In this ever-changing international financial arena, there is a financial wrestling between the United States and Iran, which makes it impossible to avoid a question: Iran has been kicked out of the SWIFT system, why can the United States still easily freeze its $6 billion in funds?This makes people ponder: what is international finance all about?Why can a country behave so recklessly?And how do we deal with this seemingly irreversible situation?
First of all, we need to understand the essential difference between the two systems, SWIFT and CHIPS. SWIFT is an international capital communication system, which seems to be the core of international payment, but in fact it is just a tool for information transmission. If it is only kicked out of the SWIFT system, Iran can complete the international** transfer of funds through other payment systems. However, this is not the end of the story, as the final clearing system, chips, is the key to influencing international payments.
In other words, the final clearing system of each country's currency is actually in the hands of the currency issuing unit of the respective country. The final liquidation system for the US dollar is CHIPS, which is firmly controlled by the Federal Reserve. It's like a hegemonic system, where no other country can issue dollars at will, but can only make final settlements through the chip system of the United States.
Imagine if banks could "pump" dollars into their own accounts, and the world would fall into disorder. The United States took advantage of this and threatened Iran by refusing to liquidate, so that other countries would not dare to collect Iranian money. As a result, the $6 billion in Iran's hands has become a waste of paper, unable to be paid, traded and liquidated.
In this international financial chess game, innocent countries have also become victims. In order to prevent similar situations, other countries are actively promoting local currency settlements in an attempt to reduce their dependence on the US dollar. This is a battle for international monetary power, and countries are looking for ways to break free from US financial control in order to avoid falling into a predicament similar to that of Iran.
To sum up, the key to the fact that the United States was able to easily freeze Iran's assets was that it had mastered the final liquidation system for the dollar. And to avoid falling into this passive situation, countries are looking to protect their economic interests through local currency settlements. This is a contest of the financial system and a move by countries to save themselves on the international economic stage.
Given the reality of this financial hegemony, we must face up to it and think about how to deal with it. For ordinary people, they may only see this competition of national interests in the news, but as a member of the international community, we should recognize the profundity of this issue and continue to pay attention to it.
In this environment of financial hegemony, countries need to work more closely together to promote the reform of the international monetary system in order to mitigate the enormous impact of certain countries on the global economy. At the same time, each country should strengthen its own currency settlement and improve its economic independence to avoid financial sanctions from other countries.
In general, the international financial landscape is undergoing profound changes, and we need to constantly adapt and respond. In this process, each country plays a different role, and our concerns and actions will affect the future direction of the international economy.
In this review, we provide an in-depth analysis of how the United States exerts its hegemony in international finance, constraining other countries by mastering the final liquidation system. The article uses sanctions against Iran as an example to reveal the essence of the problem. Through an explanation of the differences between SWIFT and CHIPS, as well as an in-depth analysis of the final liquidation system, we understand why the United States was able to easily freeze Iranian assets.
Eventually, the article echoes the title, emphasizing the impact of financial hegemony on the international economy, and arousing readers' concerns and reflections on this issue. We look forward to the joint efforts of the international community to build a more just and stable international financial order.