Full article: https://eraoflight.com/2022/03/05/ukraine-russia-conflict-a-globalist-cover-to-remove-us-dollar-as-world-reserve-currency/

With the West’s economic sanctions against Russia in response to its invasion of Ukraine beginning to take effect, the American dollar’s role as the world’s reserve currency is being questioned.

This week, dozens of mainstream media outlets like the Hill, Bloomberg, and Yahoo Finance ran headlines such as “The weaponization of finance threatens the future of the dollar standard.”

Essentially, these outlets are accurately warning the world’s economic assaults on Russia could push the nation closer to China, a country openly working to make its currency the new world reserve.

The Hill explains, “Now, faced with the distinct possibility of the emergence of a China-Russia economic and strategic partnership, we may be entering a new phase that involves a geopolitical contest for global influence across multiple spheres. China has been open about its long-run desire to supplant the U.S. dollar-centric post-WWII global monetary order.”

China and Russia already partnered in 2020 on an initiative meant to reduce each nation’s reliance on the dollar, and recently, China has promoted moving to a digital Yuan.

Using the SWIFT bank system in sanctions against Russia is now further pushing the country towards replacing the dollar with China’s digital yuan payment system, according to Chinese researchers.

In 2019, journalist Ben Swann warned of the SWIFT system being weaponized during an appearance on RT.

Swann also suggested cryptocurrencies could eventually be the way nations like Russia and China get around the SWIFT payment processing system.

Former CFTC Chairman Chris Giancarlo said in an interview last week that extensive use of sanctions could push Russia and China into developing a Central Bank Digital Currency in the near future.