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SWIFT Announces It "Regrets The Pressure" To Disconnect Russia
With ever louder chatter that the west will force Russia to exit the (EU-based) global currency messaging and interchange service that is SWIFT - essentially locking it out of transacting in "developed" currencies - and with correspondingly louder retorts by Russia that it is prepared and would welcome such a move as it would merely force it to abandon the petrodollar and allign even closer with China, there was one entity whose take on the matter had been largely ignnored. SWIFT itself.
Surprisingly, in a press release issued this morning,the member-owned cooperative, reveals that not only has it received "calls to disconnect institutions and entire countries from its network – most recently Israel and Russia", but that it regrets "the pressure" as the "surrounding media speculation, both of which risk undermining the systemic character of the services that SWIFT provides its customers around the world."
And if SWIFT has now gone so far as to distance itself from the source of such external "pressure" which needs no clarification, then surely the dischord behind the SWIFTean scenes is far greater than meets any mainstream media eye.
From the press release:
SWIFT and its stakeholders have received calls to disconnect institutions and entire countries from its network – most recently Israel and Russia.
SWIFT is a neutral global cooperative company set up under Belgian law. It was established by and for its members to create a shared worldwide messaging service and a common language for international transactions. SWIFT provides services to over 10,500 financial institutions and corporations in over 200 jurisdictions around the world. SWIFT is a critical service provider to the financial industry and plays a pivotal role in supporting international commerce and trade.
SWIFT services are designed to facilitate its customers’ compliance with sanctions and other regulations, however SWIFT will not make unilateral decisions to disconnect institutions from its network as a result of political pressure.
SWIFT regrets the pressure, as well as the surrounding media speculation, both of which risk undermining the systemic character of the services that SWIFT provides its customers around the world. As a utility with a systemic global character, it has no authority to make sanctions decisions.
Any decision to impose sanctions on countries or individual entities rests solely with the competent government bodies and applicable legislators. Being EU-based, SWIFT complies fully with all applicable European law.
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And I am also sure that the Eastern part of the world and Brazil (That's more than 2/3 the earth's population) will also "regret" bypassing the dollar.... ...or not.
Now, I am totally convinced SWIFT is an independent institution ... do they accept deposit from individuals? these are the people i want to hold onto my money ... wow
@ LOP ... i see what you saying, but none (of them) is interested on keeping the same deck of cards ... you dig?
it is part of changing of the guards so to speak ... how do you move into a new system?
How swiftly do they want this thing to come down?
That's an answer only known by the numerologists who will provide cover.
I wish SWIFT would disconnect Russia from their systems. It would be fun to watch the Europeans pay for gas in Rubles, or transfer funds via Euros.
The USSA has gone mad.
"The USSA has gone mad." -- No, those fat government and MIC pensions simply need to be paid, they know nothing else. Civil war in America or a military coup is not as improbable as the average sheep thinks.
“solely with the competent government bodies “
..sounds to me like they are swift-boated fools and pretty much screwed..
..like, how do we lose more customers today?
Obama-ola should help that along a bit.
I have no doubt SWIFT doesn't like the pressure on Russia.
If Russia is dropped and creates a BRIC alternative to SWIFT, there goes the SWIFT NWO monopoly!
I'm sure they regret that part. I'm also sure they will not ever stop following the orders of their masters, the US/UK/Israel/SA Deep State.
This move is to try to nip a SWIFT alternative in the bud before it takes root.
I also like how they folded 'Israel' into the discussion, as if there were ever a chance in hell Israel would be kicked out of SWIFT... chutzpah run amok to deceive the sheep.
Already Swiss-cheesed by NSA, they admit they already reached in and removed funds from accounts. Time for something else, post-Bitcoin.
LOL yeah poor Israel, I think via high frequency SWIFT connect and disconnect, they got disconnected 6 MILLION times LOL
Its always that magical number since the late 1800s. But somehow they always end up reconnected.
Recent while house security review is probably more about thwarting potential a coup detat.
Swift like in Meep Meep!
They will be pushed out of Swift.
The next step is to drive oil to below $70 and further hurt Russia. Their budgets are based on $100 oil. Thank you Saudi Arabia.
This is war and the Russians are out gunned economically.
"The next step is to drive oil to below $70 and further hurt Russia."
While simultaneously killing every shale oil play out there, most of which are American.
Meanwhile, Russia rebuilds its Ag sector, under the dual effect of cheaper oil, and a ban on EU food exports.
Brilliant. Simply brilliant.
Outgunned .......Hardly !
Russia - GDP roughly $2.1 Trillion 2013 with 13.4% - Debt / GDP - 2013
http://www.tradingeconomics.com/country-list/government-debt-to-gdp
so if you lower Oil by 30% what is the effect on borrowing power given cash outflow remaining the same? - if undeveloped reserves are ........$100 TRILLION?
For Platinum, Palladium, Oil, Gas, Coal. Magnesium, etc etc etc
and that is not even counting intellectual capital with an IQ double average of USA
"and that is not even counting intellectual capital with an IQ double average of USA"
Links, with proof of this statement?
http://www.swiftinstitute.org/wp-content/uploads/2014/07/Call-for-Propos...
nearly every time a bank transfers funds to another, it's using SWIFT, particularly if one of them is foreign. this includes your funds, if so transferred
the really funny part of this SWIFT corp disclaimer is how much they are pointing to their status under EU law... while not mentioning in any way the source of this "regretful pressure"
it reminds me the times when it was all about EU-flags being waved in Ukraine. you know, before Nuland's and Sikorsky's tapes went public
nice touch, talking about pressures on SWIFT cutting off... Israel
meanwhile Sweden is talking about recognizing Palestine as a sovereign. it would be the third european country after Hungary and Slovakia. expect some pressure, too
Bingo!!
FYI - If history is any guide, you don't "move to a new system" without world war.
hedge accordingly.
Somehow this talk of cutting off Israel sounds very disingeneous.
As for "recognizing" an entity as a sovereign : I am sure this does not fit with your concept of sovereignty. It makes me think of a quote I read recently : "Freedom is never given, but always taken" ( by some art woman named Oppenheimer ). Could one, in the same vein, say : Sovereignty is never given, but always taken ?
Somehow this talk of cutting off Israel sounds very disingeneous.
That's because it is disingenuous p.
Israel is keeping a door and a window open for future "usury opportunities"... They know there time riding the coattails of 'U.S. impossible' is short lived and they are looking to "feather the nest" someplace else.
What makes it such a pathetic ploy is that they've burned every conceivable bridge with Russia starting with Syria, then the use of the Chechens which they backed through Saudi Arabia in the bombings of Volgograd and now Ukraine!
Insane psychopathic Zionist fucking Yids for you!
Frankly, I do not know from which perspective you are writing this.
You could be jewish yourself and testing the waters ( a very common tactic I believe ). Don't jews sometimes call each other yids, like black people sometimes call each other nigger ?
I am also under the impression that Israel will seek support from other countries ( other than US, UK and France ). The EU and Germany come to mind.
I was not aware they played any role in the conflict between Chechens and Russia, and wonder what their objective could have been.
The relationship between Russia and Israel is unclear to me. Knowing that 1/3 of the population in Israel speaks Russian and that many Russian oligarchs are jewish gives some insight.
Insane and psychopathic ? Some for sure. But so much brilliance needs to be protected in their interest and in the interest of humanity.
Not that my opinion matters one iota, but there you have it.
My opinion is that there is a world criminal body called the Jewish Mafia that takes advantage of the diaspora to move its ill gotten gains around via the banking class which they control. It has indoctrinated itself with the Jewish cause by giving money to the community it uses and of which it is a member. Are most of these mofos religious, I highly doubt it. I do believe thay are ruthless and for the sake of money have no problem sacrificing some of their own.
Does it not appear to you that
at the top,
the underworld and the upper world meet,
as the fingertips of apposed hands,
the pensative pose of the mastermind almost a praying position.
Hey, why doesn't SWIFT cut off ISIS? We keep hearing about how ISIS are financing themselves with oil revenue and how they have all this money ... just, you know, to prevent them moving their money around.
Nahh, they couldn't do that, it would be tantamount to closing off immigration from ebola countries. Might wreck the 'economy'.
Does ISIS use Swift ? Not a huwala system ?
Maybe they get Charlie Munger to sew it into their underwear.
It's just that with all that FATCA stuff, where ordinary citizens (of a certain country) can no longer have a bank account in Europe, that they could find $400 Million in Iraq ...
"expect some pressure" - already being applied, the Swedish ambassador has been summoned.
You can be sure that SWIFT will argue against cuttting off Russia because SWIFT are the de-facto monopoly and it is not in their interests to be bypassed by anyone and for banks to realise they have valid options. If you have ever been to their HQ just outside Brussels you would see they do well for themselves.
don't tell me SWIFT acts like a private company.
Shall we bomb/d5one sweden?
"how do you move into a new system?" --- Not a student of history are you?
Evolution is a bitch and based on history alone, we have never "moved to a new system" without a world war.
hedge accordingly.
Can I pressure SWIFT to disconnect my ex's water service? That would be sweet. What's their email address?
no because what you call ex is almost most likely a current and a soon to be current for other guys.
These things/toys tend to be passed arround
I wouldn't wish that on any other guy.
Is she... ahem... a large woman?
I love you guys. Thanks for cheering me up. ZH rocks.
"competent government bodies"
hehe
I was afraid this sanction thingy would backfire on the West and sure 'nuff, it simply pressured Russia and China and other nations to move faster to develop alternatives to the dollar and its related institutions.
Why would you think it's backfiring when it's been the plan all along? Seems to me that the plan to enslave billions is proceeding perfectly, as there's little to no room left for it to fail (ala, no competition from a sustainable society).
What a shame it's come to this. The western world really had a fighting chance in the mid -90's to include Russia and grow together. Instead our leaders took the easy path and pillaged what they could, and largely left Russia out to hang.
Russian culture has always seemed to covet western refinement (or at least the illusion that western culture provides cultural refinement). I remember the old Soviet saying, "Learn English if you're an optimist. Learn Mandarin id you're pessimist.". I guees Russia is a pessimeist now.
"Learn French if you are a Czarist"
Learn German if you are a masochist.
Learn Latvian if you are an Onanist
Good. Russia can still clean out the COMEX. The paper gold and unpayable debt ponzi schemes are why bankers want Russia out. Russia will act in its own interests. The western bankers are defenseless against a real market with self interested participants.
I'm pretty sure thats the plan.
Putin will wait until he is forced to by the west, so he will not be blamed for all the
damage its going to cause the RoW.Even the BRICS will be hurt, just not so badly.
Nobody gets out of this unhurt, minimizing the pain is the game right now.
"minimizing the pain is the game right now." -- Correct, focusing on a return of Capital and not the return on Captial as much.
Some countries are too big to be cut off and may set up alternate systems. Others are not so lucky:
SWIFT financial service cuts Iran off Published time: March 15, 2012SWIFT, the Brussels based clearing house, announced it will cut services to Iranian banks on foot of European sanctions, in order to comply with the EU Council. The service denial includes Iran’s central bank, which processes Iran’s oil revenues.
Some 30 Iranian banks will be blocked from doing international business.
The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, is crucial to Iran’s oil and other trade.
The EU Council decision prohibits companies such as SWIFT from continuing to provide specialized financial messaging services to EU-sanctioned Iranian banks. They, alongside the SWIFT customer community have been notified of the disconnection, which will become effective on Saturday 17 March at 16.00 GMT
http://rt.com/news/swift-iran-ban-oil-667/Then there was this ruling from the EU courts striking them down.
http://www.forbes.com/sites/jonmatonis/2013/02/08/eu-court-strikes-down-...
That's some muddy water being navigated by this SWIFT boat. Then again, we're talking about the "legal" system.
This is precisely why cryptocurrency will flourish!! No politics, just pure math! Simple!
Like anything else, as long as cryptocurrency is convertible to/from fiat, it will always be subject to exploitation politically.
Yes, UNTIL such time as that convertibility is no longer of importance. Meaning, when the crypto-currency itself is held as the value and not based on it's USD equivalent, that is the game changer.
Which would require people, especially government employees to be paid in cryptocurrancies and TAXES to be payable in cryptocurrencies...
good luck with that.
We're mostly there with bits and bytes.
Just Sayin'
Which are fully controlled by the TBTF banks and primary dealers of the federal Reserve, so,
same as it ever was then.
go fuck yourself with all your bitcuntz, shut down grid no more money, go hang yourself, electronic has no futur in a world where magnetic pole is reversing until solar erruption burn your whole fucking electrical world.
The SKY is NOT falling, relax dude!
Wind them up, and watch them auger into the ground.
Too late; go fuck yourselves.
I doubt Russia has any alternative payment system in place or a plan to do so. They are probably waiting on USD demise to figure out their next steps.
Dude, I could write one overnight. By the end of the week I could have an Android client in the play store too.
I am sure you can, but the problem would be the valuation and choice of currency.
Russia can either go barter or stick with the reserve currency.
I am sure that will be worked out in Rubles, Yuan, gold or multiple units. I think the take away here is that politicans think SWIFT is a magic monolithic monetary gateway that they control. They don't understand they are one bad decision and a weekend of work away from losing a monopoly. The power was never in being able to kick people out. Even the threat of kicking people out destabilizes SWIFT and makes it un-usable. Basicly the polticians are idiots and morons with no idea what they are messing around with.
Lets see how Russia responds.
However, I have my doubts. Putin got the constitution changed so he could get back into power after his initial 2 terms. If he had been planning on confronting the West, then the chess player should have seen this move coming and had such a system in place already.
In a race to debase, no currency is safe and so far USD is the ugliest of hte sisters and can still buys shit around the world. The only reasonable move would be to do barter deals in exchage of the imports into Russia, as needed. Russia does surplus sales and then there would be a problem with preserving the value of the proceeds.
Yes they can buy Gold, but nobody knows how much the gas is worth in Gold?
I think West are just trying to limit Russia's natural resource exports, putting a lid on it, until a time when they can take control of it. Afterall how dare they put their country on top of our resources.
P.S. I didn't downvote you. Someone playing Jedi mind tricks.
Yeah. I did not downvote you either. Just some disgruntled reader I guess.
The are going to use the new reserve currency the (Val)Yuble
Quiny, the issue is not about most transactions in local currency such as buying something in a store.
Swift is (mostly) used for foreign currency transactions, e.g. a bank in sweden does an FX deal with a bank in singapore, they send each other a Swift confirmation that has the details, later they send the funds....
Having said that the technology is used for some purely domestic operations where it is cheaper than building from scratch, such as market infrastructure projects. These should be hosted locally.
You don't even have to write a new exchange system. Banks can fall back on pre-SWIFT authentication and settlement methods.
Tear yourself away from main stream media while you still have a mind!
Its just adds a few points to the payments under the table....Swift will still make them...it will just cost more I bet....wink wink
Wasn't such a SWIFT idea to shoot yourself in the revenue inflow foot.
The loss of Iran commissions probably stung them bad. Iran actually sells stuff and makes transactions.
It makes no sense to appeal to reason or sense of principle - they are without priciple and the only reason is protection of plan for nwo.
Theyve been stung and they will exact vengeance..
They came for my neighbor and I said nothing...
We are fleas on the dog.
We are ebola in a homless man.
Meh...they'll just use paypal instead.
Or they'll use Apple pay and Bitcoins lol
Here's to you Jew haters, disconnect Israel all you want, we will still own the houses you cathololic shit heads are forced to live in 1,000 years from now. and yere is the best part, the fanatic muzz filth you hate less will still be trying to fuck your daughters and assrape your sons.
When people stop lieing, cheating and stealing only then will they begin to build something themselves and have no need for anothers work. If you were alone on the world from whom would you lie cheat and steal?
Why must that change just because there are others on the same world, ethics without them there is only death.
But these questions are moot, now the world is to toxic, DNA to damaged and time to short for any of us to survive 100 much less 1000 years.
Hey Nozzle I hear Israhell got disconneced and reconnected via high frequency on the order of 6 million times. The last one left it connected since the tribe runs the exchange.
cathololic?
if you meant Catholic...
Russia not Catholic
that would be failed deviant corrupt and discredited second rome
vs resurrected and risen third Rome Eastern Orthodox Russia
your post is inane
Oy vey...
aw shucks! guess the nukes will have to stand down now.
You know that part where people claim the central bank needs to be "independent" of the political process? This just underscores how much it isn't. What good is an "independent" central bank if you can lock out whole countries or individuals out of it based on some sort of misguided diplomacy?
BTW, this is how central banking dies. The risk is always that someone can run on the system. It's why central banking has been on a path toward globalization. You can't let people run on you by exiting the system. It has to be the only system.
Someone in the know is going to pull back the reins on this garbage with Russia. Way too much risk for TPTB.
Imagine that. Stupidity is bad for business.
There has been significant progress regarding a workaround via BRICS. The more pressure that's put on those countries such as sanctions, etc., the more incentive there is to get BRICS up and running at full steam. I don't see why any country that has been under the heels of the west since the 1940's would want to stay in SWIFT, which is used as a punishment tool by the west, while they have any choice. SWIFT is saying it 'regrets the pressure' because of one simple reason: they want to make it clear they are not the ones calling the shots that hurt, but they must certainly see this is a real threat to their business once a competitor arrives on the scene. Yep. Surprise. It comes down to money! Well, we're sorry SWIFT. You, your employees and the rest of your fellow compatriots got what you voted for in Europe. You buckle to the U.S. and your politicians have no guts to follow your own path. I don't want to hear your whining. Why don't you do what the politicians would do, and jump ship. Take your key people out of SWIFT and go help BRICS get set up, because that's the future.
It's a step in the right direction to replace or water down SWIFT with a competitor, especially one with much less Jewish involvement. The best solution is direct institution to institution payment of specie currency requiring no intermediary like SWIFT.
who cares at this point. SWIFT will not be all that important in the not too distant future.
But SWIFT apparently doesn’t regret disconnecting Iran from the system.
SWIFT instructed to disconnect sanctioned Iranian banks following EU Council decision http://www.swift.com/news/press_releases/SWIFT_disconnect_Iranian_banks
Russia weighs local alternative to SWIFT payment system - agencies http://www.reuters.com/article/2014/08/27/russia-banks-swift-idUSL5N0QX33W20140827
I congratulate the west for finally convincing the Russian's etc that they need an alternative payment system put in place sooner rather than later.
Yeah, good job that's really going to help you guy's going forward ah (dick heads).
"We regret we now have absolutely no legitimacy as a money trader at all; and every sovereign country with half a brain cell is now rushing for the exits!"
jacob rothschilds playing good cop to the cut russia off bad cop of lord edwyne.
banker bastards playing both sides just like hitler and churchill
fuck these kosher nazi satanists
Welcome back,tony.What do you think of the majority of Americans being philosemitic?
Yeah sure we all like to bank some Semitic broad but who wants to marry one lol.
In the meantime:
http://dearputin.com/
To get SWIFT to take swift action will require Super-Swift footwork . See
http://andreswhy.blogspot.com/2011/10/superfast-athletes.html
All that stuff is done by their computers, right? Just thinkin'
Russia should walk away, and stop the possibility of Washington Jews, to control and monitor RUssian capital flows.
SWIFT is a oximoron.
Technically overcomplicated and many times business processes do not macht the reality. To put it short, it is a crap. Its only advantage is, that 10.000 banks are connected (20% of the banks worldwide plus a lot of other fin. institutions)
The Mack daddy's is bat shit out of his mind for sure. But this a act of war, he's know to write checks our bodies can't cash but this is desperation. Better speed up on preps as you can see fit for your situation
It's a stupid idea for a bank to use only ONE system to transfer money.
If I go to a foreign country with only one credit or debit card, and the bank decides to cancel it, I'm screwed.
They should have 5 systems just connecting Russia and China. One fails, a bank can use another.
Jim Sinclair made the observation a year or two ago that the dumbest thing the US could have done was to restrict Iran from SWIFT. Sinclair predicted all that has come since, which in effect is the further decline of the dollar or petro-dollar, if you like. Vlad P. is now showing Barack Ebola he doesn't need SWIFT or the headaches from the US or the EU. And his pals in BRICS and elsewhere are just choosing up sides. I don't see any nations, at the moment, rushing to hold pressers and issue statements to support the US.
Lemme guess SWIFT transactions are totally private and exempt from federal disclosure laws right?
But US banks accept SWIFT deposits and tranfers correct?
Its basically an unregulated exempt off books international money laundering service for the elite, nation states, and those who control them.
I think the new iphone 6 has replaced SWIFT (seriously)
re: swift
I remember back in the 70s while in New Delhi, I saw a lot of young white Europeans and American tourists begging in the downtown area.
I asked and found out that they were waiting on incoming bank drafts! Not so swift!
Anybody that gets disconnected from SWIFT also will not be hacked on that system.
Russia simply might disengage anyway.
Picture this:
If RUS leaves and sets up another system with CHN, favoring Yuan, Ruble, Gold, and Oil/Gas Trades among them and the SCO+BRIC Groups (let's call the system "EURASIAN_FREEDOM"), SWIFT (and BEL) WILL lose revenues AND lose sight of Financial Activities of the Groups.
Nearly 3 Billion People will be weaned off of the USD/EUR Centric System within several months of it kicking off. The FED can't float the USD off of them, nor can NSA have a free pass to get detailed daily data on participants; ALL EUR Countries doing business with the BRIC+SCO may be forced to deal through the EURASIAN_FREEDOM system.
USD and the EUR will be weakened; and ALL OF EUR may end up being forced to keep CHY and RUB onhand.
Once IRN heavily trades with or formally joins BRIC+SCO (under CHN's Protection - now that they're training buddies), other Gulf States may follow.
Mr. Paul Wolfowitz: Your Plan Sucked, Backfired, and is now an Epic ClusterFail. You should be ashamed.
HommObamma screwwing the whole world from behind
but since the members of his types are too big,
He may end up receiving his member making a u-turn
to screww his own behind.
SWIFT's announcement is just one more sign that the "Network of Global Corporate Control" first reported here http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf has lost its grip. There are going to be many other surprises as hidden truth finally sees the light of day. https://s3.amazonaws.com/khudes/Twitter10.7.14.pdf