---Summary---

• Europe’s alternative to SWIFT will allow them to get around trade sanctions the US has put on Iran.
• Russia, China, and European leaders have all expressed the desire to move past the dollar system for international trade.
• The Dollar’s reserve currency status is under serious threat considering trade deals being negotiated in other currencies and gold.
• The Wall Street Journal reports that Europe has agreed to develop an alternative to the SWIFT payments system to facilitate trade with Iran.