Always follow the money 💰 de-dollarization will continue on. The ponzi is falling; thanks Obama for weaponizing the dollar

"Iran Just Became the First Fully De‑Dollarised State. That Is Why It Is Being Bombed. Everyone is looking at missiles, nukes, and airbases. The real red line Iran crossed was financial.

By 2024–2025, Tehran and Moscow had quietly built something no other sanctioned state has: a near‑complete alternative to the dollar system that actually works in practice, not just in speeches. Three pillars matter.

First, payments. Iran’s Shetab network and Russia’s Mir card system are now technically integrated and in full operation. Phase 1 let Iranians use their domestic cards to withdraw roubles from Russian ATMs. Phase 2, completed in 2025, lets Russians tap Mir in Iran for everyday NFC payments. Phase 3 will make the linkage seamless in both directions. This is not a memorandum of understanding. It is a functioning, retail‑level payments space where Visa, Mastercard and OFAC are irrelevant.

Second, messaging and clearing. The Iranian SEPAM interbank system was linked to Russia’s SPFS, the post‑SWIFT platform Moscow began building after 2014. That allows Iranian and Russian banks to send payment instructions, settle trade and extend credit lines in rials and roubles without ever touching SWIFT. Volodin boasted that more than half of bilateral trade is already in national currencies, with ruble and rial making up the majority and the dollar pushed out of the relationship entirely.

Third, network effects. This is where it matters for Washington. Iran joined BRICS and locked in a free trade agreement with the Eurasian Economic Union. China’s CIPS and the RMB are increasingly used to clear oil and goods trade among Russia, Iran and a cluster of BRICS‑adjacent states. What was once a bilateral workaround is becoming a small but coherent ecosystem: cards that work in both directions, banks that talk outside SWIFT, oil and goods paid in roubles, rials and yuan.

If you think like a US Treasury official, this is the nightmare scenario. For the first time, a sanctioned state has not just survived outside the dollar, it has built a working alternative with a G20 power and plugged it into a larger de‑dollarisation bloc. Iran is not just dodging sanctions. It is demonstrating that sanctions can be structurally bypassed.

From Washington’s perspective, that crosses a different kind of red line. It is one thing for Russia or China to talk about de‑dollarisation at BRICS summits. It is another thing for Iran and Russia to actually integrate their payment systems, synchronise their bank messaging, and start clearing real energy and goods trade with no dollar leg at all. That is not rhetoric. That is a direct hit on the core US instrument of power: the ability to weaponise the dollar and the plumbing around it.

Seen from that angle, the current war looks different. It is not only about nukes, missiles or “deterrence”. It is a punitive expedition against the first state to move into full operational de‑dollarisation with a major power. Iran and Russia did not just say they want a multipolar system. They started wiring one. The response is to bomb the country that made itself the proof of concept.

Saudi and the UAE were also pursuing dedollarisation and this is partly why the US and Israel are making them pay a heavy price."