Posted on 02/26/2022 5:14:03 PM PST by upchuck
NOTE: See video embedded in article.
As Western allies levy increasingly harsher economic sanctions against Russia for its invasion of Ukraine, the latest target involves Russia's access to SWIFT.
An acronym for Society for Worldwide Interbank Financial Telecommunication, SWIFT is a messaging system founded in 1973 that allows large financial institutions to send money to each other.
The Belgian-based cooperative is used by more than 11,000 banks and financial institutions in more than 200 countries and territories, including Russia. It handles 42 million messages a day, facilitating trillions of dollars worth of transactions. Russia accounted for 1.5% of SWIFT transactions in 2020, according to the Financial Times.
The White House announced Saturday evening that the U.S. will be disconnecting some Russian banks from SWIFT in partnership with the European Commission, France, Germany, Italy, the United Kingdom and Canada and are "imposing restrictive measures that will prevent the Russian Central Bank from deploying its international reserves in ways that undermine the impact of our sanctions."
"This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally," the White House said in a statement.
(Excerpt) Read more at abcnews.go.com ...
If Russia leaves Ukraine right now would the sanctions be lifted?
More like a final blow to the global dollar economy. There is a functional Russian SPFS alternative, China and India are hooked to. Also a great deal of the Russian and Chinese credit card formats as the alternative to Visa and MasterCard.
If Biden and Euros are planning to keep getting oil and gas, they’d have to buy Yuans and Rubles or deliver gold bars instead.
Yeah if you want $300 Oil.
Of course not. The sanctions are the punishment put on Russia for not falling apart after the Cold war, they keep piling up regardless of her behavior.
Seems to defeat the purpose of using sanctions at all.
(More like a final blow to the global dollar economy.)
These days, Great Reset and all,... Makes me wonder if the Globalists want that to happen.
🤔
More like a mutual destruction.
Just no.
Is anyone wants this they are compromised on some level
Probably so, why do you think dollar is falling in value? Nobody trusts it because it is used politically/
Duh...
How will Europe pay for Russian gas without SWIFT?
Maybe the fascist moron Biden shouldn’t have stopped Israel from selling gas to Europe via its Leviathon gas fields.
Russia *WANTS* exit from SWIFT. Sanctioning them with removal is punishing them with a Comfy Pillow. In a sense, there is less of an attack on Ukraine, and more of a Russian attack on SWIFT, the glowBull FED/IMF, fiat currencies and Central Banking of the Deep State Cabal.
Russia expects all this, and over the years has been accumulating PMs, especially gold.
How Can Putin Afford War In Ukraine? His $130 Billion Gold Horde Helps
Remember the Canada confiscation last week.
“Yeah if you want $300 Oil”
IT’S ON THE WAY. I don’t see any way we don’t get to $10.00gal in the next year.
🤔🤔🤔
You do realize that the US has the resources to be a new exporter of oil and natural gas, right?
Also, if the Indians are programming the software for their trading system then we will quickly get 50 years ahead of them...
Could be, I will be watching the Futures Markets tomorrow night to see what it looks like. Monday may be a unreal messy day.
In case anyone is wondering:
We still have thousands of illegals pouring into America
A retard is POTUS and elections are this Fall
Some of your children are going to school and still wearing masks
Fentanyl is pouring into the US
Inflation is soaring
Home prices/rent is soaring
Crime is still going up
Yep, imagine there is a 30 trillion debt and the USD is no longer a reserve currency. $1 million would be good for a six-pack of beers in months.
The should call the plan to cut Russia out of the SWIFT system the “Death of the USD.”
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