Russia Readies Back-Up System For Potential "Split With International Banking System"

Tyler Durden's picture

Authored by Mac Slavo via,

The grand order of things could be undergoing some major overhauls.

To put it more bluntly, a war to reset the global financial order is about to be unleashed.

Preparations inside Russia are being made in case the ultimate banking sanctions are placed on them, cutting off commerce inside the all-encompassing Worldwide Interbank Financial Telecomm SWIFT system – which runs credit, debt, and banking card transactions across a real time global network.

As it would be doled out by the banking elites, the price for misbehavior at the Kremlin could be ostracization from this global commerce vehicle.

But that isn’t the end of the story… Putin is readying his people to divorce from the international banking system altogether, and start over with a nationalistic platform, backed by thousands of tons of gold, and growing alliances with Europe, China and the BRICS nations, the Middle East and several emerging powers.

A major attempt to bring Russia under heel could result in the greatest schism the global system of finance has ever seen. Then what?

via Russia Insider:

Russia has successfully developed and implemented an alternative should it be excluded from international banking systems, according to a recent report.


As far as western sanctions go, by far Russia’s largest vulnerability is in its banking sector, which for better or for worse is tied to the hip with international banking.


If Russia wishes to maintain the status quo, there’s not much that can be done about this dependency. But shortly after sanctions were announced in 2014, Moscow set out to prepare for the worst-case scenario: being cut off from the Worldwide Interbank Financial Telecommunication (SWIFT) system.


In layman’s terms, SWIFT allows for fast and (allegedly) secure international financial transfers. In fifty years when you are able to use your Bank of America debit card on the Moon (for a low fee of 2,000 moon rubles), it will be because of SWIFT or a system similar to it.


There are two issues surrounding SWIFT “cut-off” for Russia: 1. Is it likely to happen? and 2. Is Russia prepared for it?


…cutting Russia from SWIFT would be a disaster.


According to Nowotny:


Such a move “we would see as very problematic because it could perhaps undermine confidence in this system,” the governor of Austria’s central bank told reporters… Of course, this hasn’t stopped Europe and Washington from threatening to pull the SWIFT plug.

While it isn’t clear if this is going to happen, threats have been made since the beginning of the issues with Crimea and Ukraine.

And as a result, Putin has overseen the creation of a survival plan from which it could grow stronger. As RT reports:

“There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative,” Nabiullina said at a meeting with President Vladimir Putin on Wednesday.


She also added that 90 percent of ATMs in Russia are ready to accept the Mir payment system, a domestic version of Visa and MasterCard.


Izvestia daily reported that as of January 2016, 330 Russian banks had been connected to the SWIFT alternative, the system for transfer of financial messages (SPFS).




The central bank’s website says the system was established “as an alternative channel for interbank cooperation with the aim of ensuring the guaranteed and uninterrupted provision of services for the transmission of electronic messages on financial transactions.”

Will there be economic wars, or outright World War III? Nobody knows for sure, but things could get very tense very quickly. Already, loose allegations are flying at an unprecedented rate. Somebody wants to egg this thing on.

Russia under Putin has seen a significant challenge to a world order that has, for some time, been ultimately controlled by the central banking elite.

The Rothschild presence in Russia has been challenged; Soros-front NGOs have been kicked out, and it seems that only all out war will ever settle these power plays for the dominance or death of the U.S. petrodollar, which is ultimately controlled by the same few hands that steer and control the central banks of nearly all the world’s nations. Only by stealth and monotony have these activities remained in the shadows.

Indeed, the only countries left on the map which have not yielded to yoke of the central bank are the countries that are most at threat of being drawn into war:


– Iran

– North Korea

– Cuba

With that list so close to complete, a reversal could be a real blow to global order, and to maintaining orderly deposits.

If Russia moves to drop their central bank, or if they are locked out of the global SWIFT system, it will mean a thudding silence, an unprecedented reversal in the concentration of power.

Russia has prepared to create its own SWIFT-style system as a back up system, that while it is not yet up and running, could one day rival the primary system, and which could provide a meaningful alternative for dissenters and tax evaders alike.

But be aware that behind the scenes, even with this massive and explosive changes in the works, those who control the finances are well aware of the shifts that are taking place, and are in position to reassert their leverage over humanity through new systems, and new centers of power.

Curiously, it cannot be denied that Russia has been a player in the international framework that has been erected. They have been equal partners in covert research and experimentation, and for all the animosity with the U.S., it has also played a willing dance partner for much of what has been going on during the past century.

Vladimir Putin has delicately and masterfully navigated these boundaries, yet he too is woven into the larger fabric. Like George H.W. Bush and the CIA, Putin is a product of the KGB, and remains permanently tied to it.

A monetary power this total does not lose power overnight – and they are not above jumping ship. Only a truly decentralized, private currencies based on mutually beneficial terms for individuals and communities could dissipate that power, and that will not come as easily.

Is the tide turning?

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Truther's picture

Putin: Check Mate Bitchezzz

Croesus's picture

Yeah, get ready for more of the anti-Russia propaganda here...the banksters won't let Russia go quietly, not with all the resources they have.

SoilMyselfRotten's picture

Is Russia being targeted in this whole smear/war campaign bBECAUSE they are readying to exit from the US controlled financial system?

Looney's picture


They should start pricing their oil and gas in a barbarous relic. ;-)


SoilMyselfRotten's picture

How long before the US dollar is considered a barbarous relic?

yogibear's picture

Putin is being targeted because he's refusing to join the NWO banksters.

So now he is their villain /rebel.

Both the EU and US have targeted to kill any leader trying to get out bankster system.

Dame Ednas Possum's picture

Check-out this excellent presentation from Grant Williams. Sums up this matter very well.


Just keep stacking. 

CRM114's picture

The initial basis for the attacks is the annexation of the Crimea and the proxy war in Ukraine.

However,I agree that there's more to it than that now.

The MSM are very clearly on the 'Russia is the root of all evil' bandwagon.

Putin could do himself a favor and back off on Ukraine for a couple of years.

QuantumEasing's picture

Fortunately the annexation of the Crimea failed, and it successfully voted to rejoin Russia.

HenryHall's picture

>> Putin could do himself a favor and back off on Ukraine for a couple of years.

Everything changes around December 2019 to February 2020. Russia basically closes the border with Ukraine.

Import substitution for all mechanical parts is long in place. Contracts for pipeline gas expire, both to Ukraine and through Ukraine. Nord Stream 2 and/or Turkish Stream are due to come online. Kerch Strait rail opens (road already opened around January 2019).

So Russia will simply close the border to Ukraine around that time. No energy (coal, coke, gas, oil, nuclear fuel, electricity) flows. No goods of any kind, no trains, no trucks, no foodstuffs, no livestock, very restricted human crossings.

By then Ukraine has had plenty of time to integrate into the EU. May god help them!

HowdyDoody's picture

You could do us a favor and drop the bong for a while.

MEFOBILLS's picture

Putin could do himself a favor and back off on Ukraine for a couple of years.


That would be political suicide.  The NovoRussians break away republics are all Russian speaking, and Orthodox.  

Ukrainian history is that is location for pale of settlement.  

This is why our Jewish friends are so interested in Ukraine.  The Khazars come from that Region.   Kievan Rus (Viking Slavs) displaced the Khazars.

Our ((Friends)) have fears about Russian pogroms in Odessa, that they might return.  Remember, our friends live in the past, and use fear to keep their tribemates in check.  They want anti-semitism as a force for control.

Odessa today is one of the headquarters of the Russian Mob, and the Russian mob has historically been Jewish - ignore what Hollyweird tries to program you with.  Even Stalin couldn't break Odessa crime bosses.

finametrics's picture

u definitely know alot about the joo. but i gotta challenge ur notion that "Russian mob is historically jooish". I've known a few guys in my time, plus the general sentiment that 1 would pick up on being Russian. From my experience, Russian gangsters (rightfully) arent very fond of joo's to say the least. Plus their tats are always Russian Orthodox Church related. I'm not sure where u got this idea from.

Strizzi's picture

secession is the correct term here, annexation is jewish media agitprop


3LockBox's picture

"How long before the US dollar is considered a barbarous relic?"

How long before all FIAT paper is considered a babarous relic?

Fixed it.

auricle's picture

The global banks are failing. Commodity countries are being hurt worst by this crisis, while financialized countries are prospering. This will not be allowed to contiinue. Fiat debt has proven to be a very destructive force globally. 

MEFOBILLS's picture

How many times do I have to say it?

All money throughout history has been fiat.  

The barborous relic is banker fiat.  As soon as gold gets its stamp it becomes fiat.  Over 2000 years of coin history was fiat.  I have been coming to ZH and correcting Zh denizens for some time now.  

Even when gold was metal by weight in the ancient near east, it was related to barley wieghts.  The Temples settled debts in barley.  (Yes barley makes beer, and this is what caused civilization to centralize farming, and then form.)

It is not good to be walking around with false info rattling around in your noggin.  

kavlar's picture
kavlar (not verified) Looney Mar 25, 2017 9:50 AM

Putin is smart.

He knows history and what the Jewish financiers did to Germany before World War 2. So he got his own system ready.

stizazz's picture

Yep, he knows the next step is a military attack.

QuantumEasing's picture

If he was even smarter, everyone with even a whiff of ((Evil)) would be adorning pikes.

Nothing says "Do Not Fuck With" like heads on pikes.

Well, that and orbital Kinetic-kill stations.

Go long Tungsten.

HowdyDoody's picture

The Rothschilds are supposedly investing heavily in Russia. I guess that means they expect Russian assets to increase in value. The USD????

SoDamnMad's picture

You mean in bitcoin?
Or should I wire you a couple hundred oz for that Lukoil trctor-trailer of 91 oct gasoline? 

crossroaddemon's picture

Doubt it. Historically that creates as many problems as it solves. More likely they'd just go over to something like Germany had during the 30s. Or possibly a .gov issued currency with a fixed value; basically "it's worth this much because the cops work for us, motherfuckers".

CRM114's picture

No, no, no, no, no, no......OK, yes.

The Greek horse's picture

To bad there are not more PUTIN's out there... The masses will get hurt I wish I was a billionare and start buying property in New Zealand.

carbonmutant's picture

There are a lot of investors in the West that would like to find an alternative to the Swiss accounts they had 10 years ago. A banking system outside of Swift would provide that.

mkkby's picture

The sanctions were a joke from the start.  Europe cannot live without russian nat gas.  No advanced economy can live without russian oil.  They pump as much as the saudis now.

Putin is smart to break dependencies, but few would cooperate with real sanctions.  China would take all that oil day one. 

If it comes to a trade war, the US and china weaken each other.  I'll take russia for the win.

Blankone's picture

We were told a couple years ago that Russia had developed an alternative to SWIFT and it was then being put in place.  Turned out that all it amounted to was that Russia had developed a method for the banks within Russia itself to communicate with each other without going through SWIFT.  And that it's effectiveness even in that was questionable and problematic and VERY slow.

Try to grasp that, Russia was unable to even do banking Within russia without SWIFT.  What a huge gaping security hole that was totally ignored.

Has Russia now actually developed such a system?  Who knows.  Has it been implimented?  NO.  Is it long, long overdue?  Yes.  Conclusion, chess player may butt, this vulnerablity should have been solved 10 yrs ago and most likely still has not been.  And the efforts from two years ago were very lacking in sophistication and technology.

Russia has the same problem it always has had, elite jews.  Russia central bank is not controlled by russia but by the same association between elite jews as the other central banks.  Look at the list of remaning countries still independent of the jews system.  You do not see russia or even China. 

In the past some have commented that Russia's central bank even has to buy US Treasuries by law.  I have not been able to find a source for that info but it seemed to be supported by a few.  Putin does not control Russia bank or Russia's money supply. 

MEFOBILLS's picture

In the past some have commented that Russia's central bank even has to buy US Treasuries by law.  

It was probably me -

Read Sarikov's book about Russia's national bank:'s_freedom.pdf

You will have to cut and paste.

TheReplacement's picture

Russia is only 26 years old and the modern internet is even less than that.  Give me a break.  They have come a very long ways for such a complete seachange as they have gone through.

Imagine if the US government obliterated itself, the country split up into a dozen smaller countries, and was overrun by the Chinese for a decade before regaining control.  We would be in far worse shape than Russia is now.

HRClinton's picture

Donald Trump was into a Czech mate for a while. Her name is Ivana. 

He now plays 3D with his new mate. But not as often as he used to. She's a Slo' model, I hear.

Stan522's picture

Split, or a crumbling.... take you pick!

CRM114's picture

Told ya!

Russia and China are going to make sure the US Dollar is no longer the World reserve currency; at which point, with $20T in debt, the US is F#cked.


Setting up a SWIFT alternative is one more step along that road.

PrayingMantis's picture

... hoarding gold by Russia, China and India is another step along that road ... all members of BRICS ... which control over half of the world's economy ... and the best IT hackers come from these countries too ... the west is truly fucked ...

CRM114's picture

The gold is also key, since the replacement reserve currency will not be fiat.

Rubicon727's picture

Based on all reports available to Americans, the Swift alternative is but on segment to the Eurasian system of China/Russia/ parts of Asia, possibly Turkey and Iran who are slowly moving away from the US dollar.

History clearly reveals a pattern: there's no greater threat to a hegemonic currency than an alternative currency/trade. This happened with the Venetian, Genoan, Dutch, and British currencies. 

If the western monopoly blows up in a financial crisis, the Eurasian matrix may rise to dominance as the Western World loses its last hold on the world.

Pepe Escobar writes a weekly article who often focuses on the Eurasian progress. See him on

HowdyDoody's picture

A Yuan clearing bank has opened in Moscow. Russia and China will be doing all mutual deals outside of the USD. How is Yuurp gonna pay for all the gas it needs? In Euro rather than USD? What about the Brits? I think about 30% of their energy comes from Russia. It would be ironic if the Russians took Euro but not British Pounds.

lucitanian's picture

It's funny how ingrained the idea of fear of Russia is:

"Vladimir Putin has delicately and masterfully navigated these boundaries, yet he too is woven into the larger fabric. Like George H.W. Bush and the CIA, Putin is a product of the KGB, and remains permanently tied to it."

Russia and China, and Iran for that matter, have their own interests, not least their physical and economic defense, but over centuries they have maintained a "live and let live" philosophy with regard to foreign policy. The fact that they share a policy now to defeat the Dollar hegemony does not imply that they have either individually or jointly a plan for global imperialism.

In fact the stated aim, and the international perspective that has been voiced, be it Putin or Xi Jinping have reiterated on many occasions their determination that cooperation and respect of national sovereignty is fundamental to relations between nations and peoples.

Putin's background as a KGB major has perhaps given him a necessary ability to think dynamically but is as significant to the issue as Reagan's training to be an actor or Trump's self proclaimed excellence as a "negotiator" which is yet to be shown.

The global need for a new system that denies a unilateral hegemony of the dollar/petrodollar is not only obvious but inevitable, yet unfortunately the political and financial systems in the US especially, but also in the entourage of peon institutions and governments, are in total denial. So we are left with a necessary "hard break" in which war, destabilization, or general destruction are the only alternatives to any vision of a long term settlement for a mutually beneficial future between partners sharing power over our plane's people.

MEFOBILLS's picture

Putin was part of a tiny sub-group of KGB.  This subgroup was created by Andropov, due to the problems he saw in USSR.

 The group is called the First Chief Directorate (in Russian PGU KGB SSSR).  They supply personnel for Russia’s new vertical system. 

Putin installed governors who oversee the Federal Structure, giving it a more vertical integration.

These personnel are all very highly intelligent and are trained bureaucrats.  They can run cities, or be governors who oversee the Oblasts (Oblasts are Federal structures, something like states in the U.S.).

When somebody says KGB, their mind goes toward thougts of a spy.  Putin was not really brought up in that environment - First Directorate is more analytical and historical, and then practical.  They think in civlizational terms.

Volkodav's picture

Late Soviet was best of world education in real

KGB learning was far above

Outsiders never understand these truths


HRClinton's picture

I've met some of these people over the years, and I'll admit that they are sharp, shrewd cookies. 

They are not hot-headed, incompetent pilots who need family to bail them out, and who then turned into lunatic politicians. No references to honorable and selfless US Senators are implied. 

(You mag parse the last sentence in typical Clintonesque fashion.)

MEFOBILLS's picture

(You mag parse the last sentence in typical Clintonesque fashion.)


I hope that wasn't an insult?  Clinton's are the spawn of the Devil.  I also don't know what mag-parse means?

MEFOBILLS's picture

Russia is collecting gold to allow internal emission of Rubles.  (Gold can be in the reserve loops - even BIS couldn't overcome that when they set up the Russian National Bank.)

China has been collecting gold because they want the SDR basket to have their Yuan in it, which means having gold reserves.  That, or gold might go directly in the basket, along with national currencies and some commodities.

The SDR basket is used to allow trading nations to balance their trade.  It is inferior to the bancor system to my mind.  

Swift is a mechanism for allowing money movement from bank to bank.

In this case, the money itself is not changed, it continues to be bank credit.

Putrid's picture
Putrid (not verified) MEFOBILLS Mar 25, 2017 11:21 PM

Not sure about the China part of your analysis. Given the realities, I think they prefer their own road and institutions, and a hard break up is most likely going forward. My guess is this year; but I'm hoping for one more year of stability.

DingleBarryObummer's picture

I hope so and sounds good, but Iran, Russia, NK, China should have supported Gaddafi years ago when he tried to implement gold dinar to sell oil (instead of luciferian petro-dollar).  They really pussed out