The SIP system (China's international payments system) was set up as an alternative to SWIFT; SWIFT has been effectively shut down to Russia and weaponized against them as a tool of dollar hegemony; the majority of countries now have SIP accounts, but SIP is not yet a rival to the dollar for trade settlements.
factualpending
Speaker
Alistair MacleodEvidence Quote
“The SIP system is the Chinese um uh international payments uh system uh which um was set up really as an alternative to uh Swift...they've used it as a means of weaponizing the dollar...the majority of countries in around the world have SIPs accounts now”
Created: 7/13/2026, 8:49:27 PM
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