Posted on 02/26/2022 8:10:49 AM PST by BusterDog
Germany and Italy are now both reportedly ready to remove Russia from the SWIFT banking system. They were the only two known holdouts. If Russia loses access to SWIFT, the financial implosion of Russia will be, ahem, swift. Bring it on!— Palmer Report (@PalmerReport) February 25, 2022
(Excerpt) Read more at twitter.com ...
This is HUGE news if true.
Russia Spain sized GDP will be Portugal sized.
Let them trade in barter with the Chinese.
Or in Euros. Or Pounds. Or Norwegian Krone. Or Swedish Krona. Or Rubles. Or whatever currency the deal is done in.
This is worthwhile researching.
What you say was definitely the case initially (30 years ago!) but making tools to make tools is also cheaper in China... so the today’s situation is just not clear.
Quantum banking is a figment of Q-Anon imagination.
Who is Qanon?
Two long articles I read yesterday convinced me that the EU is going to implode and Euro with it. The Dollar is going to effected also for other reasons and it makes sense. The Russians have Europe over a barrel and can turn the energy off at any time without really affecting them, they have prepared for every economic backlash and can survive, the EU cannot. Will be watching this play out. Add into that The Fed having to do something about Inflation, then the Dollar has problems.
Google is your friend.
Likely true, but the energy is priced in US dollars.
This report on twitter is jumping the gun. It was on the 25 and this is the 26th and I see no articles breaking about it.
My hunch is Twitter clickbait.
I found a Politico article that says the German PM says it would take some thinking and planning to do it.
...and a WashTimes article that the Finance Minster of Germany says they are open to it. So nothing concrete and nothing about Italy at all.
But purchased in any currency. Russia would likely conduct transactions in whatever hard currency the customer prefers, be it dollars or pounds or euros or whatever.
Weaponizing SWIFT will only lead to the implementation of a large scale alternative. Countries know that the same ease the world can use SWIFT against them today could also be used to weaponize SWIFT against them tomorrow. It's not a decision they will take lightly.
anti- American globalist occupiers are holding the United States captive. Anything they do is meant to cause harm and destruction to America and Americans at home and on the world stage. Never lose sight of this fact as you watch and evaluate their plots and machinations.
“And our government is behind all of that authoritarian crap happening the world over.”
Not “OUR” government. It’s the puppet Biden regime who takes orders from globalist (Obama/Clinton are in there).
I say right now, the most dictatorial authoritarian countries in the world are Canada, Australia, New Zealand and Austria in that order. IT IS NOT RUSSIA!
Yea, looks like this to me..
Biden, Xi, and putin are the great reset.
They divided up the world already to avoid war as they collapse.
And play khabuki theater, as they enable each other towards, new currency, and 3 dominant ruling countries.
Biden and cronies have mass murdered folks around the world with covid, and the vaccines, with Xi and Putin..they won’t care about calling their enemies domestic terrorist and killing all in the way. If the folks find out who they are the world will go French on em..its us or them,
Looks like, gas and food shortages next and real terrorist attacks here from an army imported on purpose to attack us for the reset completion .
Xi, and putin and Xi are an unholy trio worshipping the beast and the world will suffer..
My 2 cents..
So I wrote a song and video
Got US A Convoy
https://rumble.com/vvvi0b-we-got-us-a-convoy.html
The timetable is what matters. It will take years or decade to displace the dollar. In the meantime there will be inflation somewhere and somewhere will be Russia. Without SWIFT they will have difficulty spending dollars which will force them to print money.
Here’s Bannon’s thesis in my summation:
The international SWIFT system (Society for Worldwide Interbank Financial Telecommunications) is settled in US Federal Reserve Dollars. I say Federal Reserve Dollars because the US Dollar should not be relegated to monopoly money. If I was intending to be less serious, there would be mention of “US Monopoly Money” which is accurate but distracts.
All currencies are worthless (no one in their right mind is going to give you gold for lira), including Federal Reserve Notes but these latter are what settle transactions in the energy sector. That makes them special (Petro-dollar).
Just Because we can buy milk, bread, eggs, cheese, etc. in $$$, doesn’t make the Federal Reserve Notes “valuable”, rather they are “acceptable” as our society accepts them as base exchange currency units.
If suddenly we find ourselves in grocery stores or gas stations and our payment cards fail to work, then we will be shocked, confused, then angry. We are going to protest and if we’re not taken seriously, we are going to find another means of exchange. Our payment cards will end up as worthless plastic.
So it is with SWIFT. The Europeans are reluctantly dependent on Russian natural gas (NG). Note in passing that the US has the biggest reserves of oil and NG in the world, dwarfing Saudi Arabia by at least a factor of 10.
Taking down SWIFT from purchasing Russian NG would be analogous to you not able to use your payment card at the gas pump. You’re going to find something else to use.
A little history:
Decades ago and up until Trump was elected in 2016, the US was mercilessly dependent on OPEC oil pricing, primarily set by Saudi Arabia.
The oil price spikes set in motion American Wildcatters (God bless them) who developed technology in hydraulic fracturing (”fracking”) and over the course of a couple of decades put America as the number one producer in oil and gas.
When frackers would install environmentally safe drilled sleeves to inject chems to liquefy the shale, the oil would rush under pressure to the surface, the pressure source is NG.
So much NG would come out that frackers would flare it off as clean waste. More American NG was burned off at the drill pumps than was used in Europe. American truckers brought refrigerated trucks to liquefy the NG to form liquefied NG or LNG. LNG takes up 1/600th the volume of NG. LNG can be transported by tanker trucks or ships. Then new NG pipeline networks started to form, controlled by command centers in Cushing, OK, directed to US cities and towns and also ports for export.
Trump gave the LNG industry green lights to supply not only the US but also Europe. The US LNG imports, especially into Rotterdam, would absolutely crush Russian dominance.
But the Biden camp has quashed the American oil and gas export industry. So there is no export of American NG to Europe or anywhere else.
There’s a lot more to this, but you get the idea why taking down SWIFT would cause Euros to go after other means of exchange to get vital NG supplies. They can use SWIFT for anyone else but Putin’s Russia. But there ain’t no other big NG source now. So SWIFT and its Petro-dollar underpinnings are useless.
Euros can’t get NG from the US because of Biden. They can’t get Russian NG using SWIFT (Petro-dollar) if SWIFT is restricted. The world’s reserve currency takes a huge hit. That’s essentially what Bannon is saying.
This thesis reads like it was written by a 10-year old.
How so?
Never mind moron. Can’t wait to see your explanation NOT.
Moron? That’s the best you can do?
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