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The West's Plan To Drop Russia From SWIFT Hilariously Backfires
Submitted by Simon Black via Sovereign Man blog,
If Vladimir Putin is remotely capable of laughter (the jury is out on that one…) then he’s probably doing so right now.
Russia is once again Arch-Enemy of the United States. It’s like living through a really bad James Bond movie, complete with cartoonish villains.
And for the last several months, the US government has been doing everything it can to torpedo the Russian economy, as well as Vladimir Putin’s standing within his own country.
The economic nuclear option is to kick Russia out of the international banking system. And the US government has been vociferously pushing for this.
Specifically, the US government wants to kick Russia out of SWIFT, short for the Society of Worldwide Interbank Financial Telecommunications.
That’s a mouthful. But SWIFT is an important component in the global banking system because it lays the foundation for banks to communicate and transfer funds with one another.
It’s a network protocol of sorts. Whenever a bank in Pakistan does business with a bank in Portugal, the funds will clear through the SWIFT network.
According to the SWIFT itself, they link over 9,000 financial institutions worldwide in over 200 countries, which transact 15 million times per day.
Bottom line, being part of SWIFT is critical to conducting business with the rest of the world. And if Russia gets kicked out of SWIFT, it would be a disaster.
Now, SWIFT is technically organized as a ‘Cooperative Society’ and governed by a board of directors.
There are 25 available board seats, and each seat is allocated for a three-year term to a specific country.
The United States, Belgium, France, Germany, UK, and Switzerland each hold two seats. A handful of other countries hold just one seat. And of course, most countries don’t hold any seats at all.
Here’s what’s utterly hilarious—
On Monday afternoon, not only did SWIFT NOT kick Russia out… but they announced that they were actually giving a BOARD SEAT to Russia.
This is basically the exact opposite of what the US government was pushing for.
Awkward…
But this story is even bigger than that.
Because at the same time that the US government isn’t getting its way with SWIFT, the Chinese are busy putting together their own version of it called CIPS.
CIPS stands for the China International Payment System; it’s intended to be a direct competitor to SWIFT, and a brand new way for global banks to communicate and transact with one another in a way that does NOT depend on the United States.
We’ll talk about CIPS in more details in a future letter. But in brief, it addresses some serious weaknesses, inefficiencies, and technological challenges of SWIFT.
And it should be ready to go later this year.
Make no mistake, this is the beginning of the end of the US dollar’s global hegemony. It’s time to stop hoping that it won’t happen and time to start preparing for it.
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World class thugs have the followers of weak minds. Swift is unaffected with or without russia in or out. I am from west an I can care less weather Russia in or out. I hope they stay in cause I hear there's some nice hos there.
"I am from west "
from west what? bumf*ck iowa?
"If Vladimir Putin is remotely capable of laughter (the jury is out on that one…)"
Simon Black, you ignorant fool, Vladimir Putin is famous for his ability to laugh. Even at the idea of an anti-missile defense system designed to help his enemies destroy his nation:
https://www.youtube.com/watch?v=8ux3oiWELIQ
cont. pgs 115 - 118
"turkey, the only muslim state in nato, has been given imf and world bank loans on american instructions. the turkish state's relentless ethnic cleansing of its kurdish minority is another irrelevance. pakistan's military dictatorship has been relieved of a western embargo imposed after the testing of nuclear weapons and its imf and wb loans have been 'rescheduled'. the u.s. senate has rushed through a bill allowing pakistan to recieve emergency military aid. all of this follows an established pattern. the 'coalition' that attacked iraq in 1991, led by the u.s., was also put together with some of the biggest bribes in history.
a new 'world order' is evolving, yet the goals and even the vocabulary of lord curzon's day are retained. following 9/11, in his zeal to speak for the president of the u.s., tony blair came closer to an announcement of real intentions than any british leader since anthony eden. indeed, blair bears a prime ministerial likeness not to churchill, his acolytes favourite, but to eden, the last of britannica's ancien regime, who attacked egypt over suez. in an evangelical speech to the labour party conf. soon after 9/11, blair served notice that imperialism's return journey to respectability was under way.
having sent british forces off to war four times since he came to power in 1997 (iraq, yugoslavia, sierra leone, afghanistan). blair now invoked 'morality' to justify these and future actions. it is one of his favorite words; he once used it eleven times in a speech to a conference on press ownership organized by rupert murdoch. the bombing of yugoslavia was a 'moral crusade'; nato's mission is 'entirely moral', etcetera.
now hark the christian gentleman-bomber's version of a better world for 'the starving, the wretched, the dispossessed, the ignorant, those living in want and squalor, from the deserts of n. africa to the slums of gaza to the mountain ranges of afghanistan'. hark his abiding' concern for the human rights of the suffering women of afghanistan' as he colluded in bombing them and preventing food from reaching their starving children. (on sept. 16, the nyt reported that wash. 'demanded... the elimination of truck convoys that provide much of the food and other supplies to afghanistan's civilian population.' blair subsequently rejected appeals by the int'l relief agencies for a pause in the bombing.)
as frank furedi reminds us in 'the new idealogy of imperialism', it is not long ago 'that the moral claims of imperialism and global expansion of the western powers were represented in unambiguously positive terms as a major contributor to human civilization.' the quest went wrong when it was clear that fascism, with all its ideas of radical and cultural superiority, was imperialism, too, and the word vanished from academic discourse. in the best stalinist tradition, imperialism no longer existed."
cont.
oh jeesh, so many words.
Good words. I liked that dissertation.
The white house witch probably released the flying monkees upon hearing that news.................
https://youtu.be/YIAnkrPgTvY
" since the end of the cold war, a new opportunity has arisen. the economic and political crises in the developing world, largely the result of post-colonialism, such as the blood-letting in the middle east and the destruction of commodity markets in africa, now serve as retrospect with those justification for imperialism. although the world remains unspeakable, the western intelligentsia, conservatives, and liberal alike, boldly echo the preferred euphemism, 'civilization'. from italy's p.m. silvio berlusconi, an ally of crypto-fascists, to the former british liberal editor harold evans, the new imperialists share a concept whose true meaning relies on an expressed contrast with those who are 'uncivilized', i.e. inferior, and might challenge the 'values' of the west, specifically its god-given right to control and plunder.
there are many blueprints for the new imperialism, but none as cogent as zbigniew brzezinski, advisor to several presidents and one of the most inflential gurus in wash., whose 1997 book is said to have biblical authority among the bush gang and its intelligentsia. in 'the grand chessboard': american primacy and its geostrategic imperitives, brzeninski writes, 'ever since the continents started interacting politically, some 500 yrs. ago, eurasia has been the center of the world power.'
he defines eurasia as all the teritory east of germany and poland, stretching through russia and china to the pacific ocean and including the m.e. and most of the indian sub-continent. the key to controlling this vast area of the world is central asia. dominance of turkmenistan, uzbekistan, tajikistan, kyrgyzstan ensures not only new sources of energy and mineral wealth, but a 'guardpost' over american control of the oil of the persian gulf. "
"The rumors of my demise have been greatly exaggerated."
FYI, if you wire $10000 or more oversea, your local bank would like to know how you get the money, whom do you send to and the intended purpose of that money oversea?
finali Qoutes: what is most important to history of the world? wrote brzezinski. the taliban or the collapse of the soviet empire? some stirred-up muslims or the liberation of central europe... ? the stirred-up muslims replied on 9/11.
the first priority has been achieved, says brzezinski. this is the economic subjugation of the former superpower. once the soviet union collapsed, he writes, the u.s. looted some $300 bln. in russian assets, destabalising the currency and ensuring that a weakened russia would have no choice but to look westward to europe for economic and political revival, rather than south to central asia. brzezinski's analysis dismisses the notion of 'local wars as responses to terrorism'. rather, they are the beginning of a final conflict leading inexorably to the dissolution of nat'l gov'ts and world domination by the united [u.s.] states.
nation states will be incorporated in the 'new order', controlled solely by economic interests as dictated by int'l banks, coporations and ruling elites concerned with the maintenance (by manipulation and war) of their power. 'to put it in a terminology that harkins back to the more brutal age of ancient empires,' he writes, 'the three grand imperitives of imperial geostrategy are to present collusion and maintain security dependence among the vassals, to keep tributaries pliant and protected, and to keep the barbarians from coming together.'
it may have been easy once to dismiss this as a message from the far right. but brzeninski is also the mainstream; he was president carter's nat'l security advisor and has been influenced bush sr., clinton and now bush junior. his students include madeleine albright and john negroponte, the mainstream of american terror of central america, now bush's ambassador to the u.n.. as u.s. amb. to honduras in the early 80s. negroponte oversaw the regimes funding of death squads known as battalion 3-16, which wipede out the democratic opposition. he administered the cia's 'contra' war of terror against neighboring nicaragua. a month after the twin towers attack, negroponte wrote to the united nations [u.n.] security council that 'america's self-defence... requires further actions with regard to other states.' he was warning the world."
end quotes "The New rulers of the World" by john pilger c.2002; updated version c.2003 pgs. 116 through 118.
again thankyou Tyler
It wasn't no "stirred-up muslims" who replied on 9/11.
If you don't understand that, nothing you have said is worth a pinch of shit.
No?
Well they sure celebrated when it happened!
https://themuslimissue.wordpress.com/2014/09/11/video-13-years-ago-musli...
So did a gang of Israeli Nationals, who had camera setups across the river, BEFOREHAND and were dancing and whooping in the streets as the Towers came down. Suspicious residents had them arrested and eventually were deported.
Is this the fake video, where muslims celebrate their feast and BBC declared it is celebration of 9/11?
This is really your argument.
Your body temperature seems to be way higher then your IQ.
"the stirred-up muslims replied on 9/11. "
no sense to reading anything after this comment.
lol
Gee... maybe the diminutive Putin has "disappeared" himself.
http://www.bloombergview.com/articles/2015-03-12/putin-disappears-like-a...
Some closeted Gay ZHers are not going to take this well.
Probably best to buy some more Bitcoins and stack some more silver in the basement.
Best to listen to Austen Powers, ah, I mean Simon Black, he knows the international score.
With 2 bits coin ....I started to chuckle but you have enough red for 6 posts
"Make no mistake, this is the beginning of the end of the US dollar’s global hegemony."
The beginning of the end was Nixon defaulting in '71...now it's in hyperdrive after serial bouts of genocide, lost oil wars and the reeking albatross of zion and I$I$ dragging Merca in free fall ...all at once.
Apparently Obama and Co are also pretty exercised that the UK wants in with China on it's new alternative world bank (see todays Telegraph). But then, whatever you think of the Tories, they do know which way the money runs.
I think the board seat might have something to do with Russian SWIFT revenues being over $100m per annum with 21m messages to and from Puteville in 2014.
If Vladimir Putin is remotely capable of laughter (the jury is out on that one…) then he’s probably doing so right now.
Yes he is: https://www.youtube.com/watch?v=ZjmiyOgO66gYes. The man is not a sociopath, nor is he made of stone. He is made of very hard flesh and an even harder mind, yet his heart is filled with love and joie de vivre, and he laughs at the absurdity of US politicians like everyone should.
He shows the way and walks the path.
Good for Russia!
So long as governments can control the flow of money, and use financial institutions as instruments of policy, all of our wealth and savings are at risk.
The trick to understanding the difference between a government and a gangster is to remove preconceptions.
After that it is totally clear that there is no difference.
The Swiss recon that Putin was away at the birth of another of his children
http://www.dw.de/paternity-leave-for-putin-swiss-papers-baby-rumor-cause...