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Germany and Italy are now both reportedly ready to remove Russia from the SWIFT banking system.
twitter ^ | 2/26/22 | Palmer Report

Posted on 02/26/2022 8:10:49 AM PST by BusterDog

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To: BusterDog
Copy, I figured he might be. I wanted to take the opportunity to hit on the left/right paradigm again. I think we’ve got a long way to go to getting that world view out of our system. It’s Globalists/Elitists/Technocrats/Oligarchs vs Patriots/Nationalists/Populists now.

Exactly.

My working theory is that the quaxxccines are ON/OFF switches of the nature of those in the replicants of Bladerunner.

The multi-millionaire, billionaire and politically connected Elites don't need a very large staff to run their pleasure planet, Earth.

The Patriots/Nationalists/Populists are expendable.

So are quite a few of the Globalists/Elitists/Technocrats/Oligarchs - but no one in the Inner Circle is going to tell them that until they're against the wall, or their OFF switch gets flicked:

https://en.wikipedia.org/wiki/Paul_Farmer

41 posted on 02/26/2022 8:48:24 AM PST by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: politicket

If dollar fails, there will be not trust to any US currency, regardless of its labelling.

OK, if you don’t like gold, suggest something else.—otherwise international trade is gone totally.


42 posted on 02/26/2022 8:48:52 AM PST by mvonfr
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To: BobL

EURO is going down along with the EU. I would be shorting the EURO and the Dollar and maybe going long the Pound.


43 posted on 02/26/2022 8:49:05 AM PST by Captain Peter Blood (https://www.freerepublic.com/focus/bloggers/3804407/posts?)
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To: BusterDog

“Steve Bannon says this will result in the USD no longer being the world’s reserve currency “

KOOK NONSENSE. Russia in SWIFT or not in has no effect. Their percentage of total world trade is tiny.


44 posted on 02/26/2022 8:50:07 AM PST by BiglyCommentary
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To: politicket

” China is a factory nation, dealing with its own massive real-estate bubble. It won’t become a reserve currency, and only survives economically due to other nations buying their garbage.”

The US won’t have a say in it. India is already working around the dollar to trade with China, and other countries will be making their own choices.

Problem with knocking out Russia from SWIFT is that we make the choice that much easier for those other countries.


45 posted on 02/26/2022 8:50:30 AM PST by BobL (I eat at McDonald's and shop at Walmart, I just don't tell anyone.)
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To: politicket
We're definitely not heading to gold - as much as the goldbugs would like to think.

mvonfr is talking about large commodity transactions, not currencies or a gold standard.

46 posted on 02/26/2022 8:50:47 AM PST by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: BiglyCommentary

Big chunk of the raw materials come from Russia, so ruble-yuan swap is the answer. The system is already in place.

Now, how China would pay others — oil from Mid East — is unclear. Perhaps Iran will go with Yuan.


47 posted on 02/26/2022 8:51:50 AM PST by mvonfr
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To: Captain Peter Blood

“EURO is going down along with the EU.”

Why? From what I see the EU (i.e., Germany) puts up with a lot less deficit spending by member countries than we do.


48 posted on 02/26/2022 8:52:23 AM PST by BobL (I eat at McDonald's and shop at Walmart, I just don't tell anyone.)
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To: nascarnation

I’m not sure the ChiComs can use it. They have been building coal-fired plants for power generation. Coal they have been getting from US and AUS.

They do have some coal production of their own, too.


49 posted on 02/26/2022 8:54:04 AM PST by beancounter13 (A Republic, if you can keep it.)
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To: BusterDog
Steve Bannon says this will result in the USD no longer being the world's reserve currency and rampant Venezuelan style inflation in the US.

I think Bannon doesn't have any idea what SWIFT is.

50 posted on 02/26/2022 8:54:09 AM PST by DoodleDawg
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To: BusterDog

Russia gets paid in US dollars for the energy they ship to the world.

SWIFT is the mechanism.

Anytime someone says Russia will be cut off from SWIFT, just know they are lying or stupid, or both.


51 posted on 02/26/2022 8:55:17 AM PST by Mariner (War criminal #18)
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To: beancounter13

Plus what other currency has a treasury market as deep and wide as the US? Stupid amateurs never seem to have a clue why the us dollar is used. China and others are going to park their money on pallets in warehouses?


52 posted on 02/26/2022 8:56:23 AM PST by BiglyCommentary
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To: BusterDog
I assume it’s because an alternative to Swift will have to be used, that is based on some other currency.

SWIFT handles international financial transactions in every major world currency. It's managed by the Belgians. It isn't dependent on the U.S. dollar.

53 posted on 02/26/2022 8:58:02 AM PST by DoodleDawg
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To: BobL
The US won’t have a say in it. India is already working around the dollar to trade with China

India and China are both BRIC nations (factory nations). They can trade between themselves without the dollar, but that's a small drop in the pond compared to worldwide economics.

They both desperately need wealthier nations to buy their goods, not each other.

54 posted on 02/26/2022 8:58:31 AM PST by politicket
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To: G Larry

We are going to a quantum banking system shortly aways.

The globalists are panicking.


55 posted on 02/26/2022 8:59:42 AM PST by TennTuxedo
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To: mvonfr
OK, if you don’t like gold, suggest something else.

Already did.

We need to have our Treasury issue our currency, and not have it backed by bonds, bills, and notes - instead distributed based on the completion of labor for some work.

We need to stop having our currency be a "claim on the future labor of others" and instead be "completed labor".

This means getting rid of the Fed - which I think we would both agree on?

56 posted on 02/26/2022 9:01:10 AM PST by politicket
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To: BusterDog

That’s exactly the question I was going to ask.


57 posted on 02/26/2022 9:02:13 AM PST by packagingguy
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To: TennTuxedo
We are going to a quantum banking system shortly aways.

That would be the implementation of complete slavery.

Just like what happened in Canada when they were able to shut off access to accounts.

We cannot let physical currency be eliminated. It would be the destruction of all of us.

58 posted on 02/26/2022 9:02:41 AM PST by politicket
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To: mvonfr

A huge amount of their equipment to run their factories is imported, and not ftom Russia.


59 posted on 02/26/2022 9:03:14 AM PST by BiglyCommentary
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To: beancounter13

If only ther were some decentralized currency that was available worldwide.


60 posted on 02/26/2022 9:04:15 AM PST by JoeRed
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