The past two decades have seen Russia sanctioned and repeatedly threatened by Western powers. One of the many threats and arguably the most fierce has been eliminating Russia from the international payments system SWIFT.
Prepare a swift response to Russia invading Ukraine, Latvia tells west
From the article:
A swift reprisal package against Russia – including US troops and Patriot missiles stationed in the Baltics, the cutting off of Russia from the Swift banking payments system and reinstated sanctions on the Nord Stream 2 gas pipeline – must be prepared now in case it invades Ukraine, the Latvian foreign minister has said.
And this:
“If Nato fails to protect its member states or its territories,” he warned, “then it will not just be a military and political failure but a complete mental collapse of the system of values that have been built since the end of world war two. It will mean the whole transatlantic community will be in complete disarray and the glue that keeps us together has failed”.
This horse has already bolted. The “glue” holding this ball of wax together is more like slime and “isht” is falling through the cracks in every direction, while the bureaucrats desperately try to hold it all together. It won’t work.
Now, this isn’t solely an EU-Russia issue. This is a West vs East issue.
“The Russian banking sector would be wiped out,” Senate Foreign Relations Chairman Bob Menendez, a New Jersey Democrat, said earlier this month. “Sovereign debt would be blocked. Russia would be removed from the SWIFT payment system … What is being discussed is at the maximum end of that spectrum, or as I have called it, the mother of all sanctions.”
This would indeed be “the mother of all sanctions,” so let’s see how susceptible the country is.
Well, back in late 2019 Russia managed to get itself into a situation where it’s net public debt reached zero.
In other words, if Russia suddenly needed to pay off all its debts immediately, it could do so just by dipping into the cash on account at the government deposits with the central bank and commercial banks.
I’ve a name for that. It’s resilience.
In a war it is necessary and make no mistake about it while bombs are not being dropped (old archaic military technology) we are in a war.
In the meantime Russia hasn’t been standing still. I know I’ve written about this before but will repeat it here now because it is once again on the radar and the probabilities of a “financial shutdown” this time seem far higher than before.
The System for Transfer of Financial Messages (SPFS) was put into operation in 2015. This was developed as a counter to the SWIFT system. It is still small with just 400 Russian companies (mostly banks) — including eight foreign banks — using this system as an alternative to SWIFT.
Preparations are now rapidly underway to further this development and resilience.
Kremlin reveals new independent Russian-Chinese financial systems
“particular attention was paid to the need to intensify efforts to form an independent financial infrastructure to service trade operations between Russia and China.”
“We mean creating an infrastructure that cannot be influenced by third countries,”
Last week, US Under Secretary of State Victoria Nuland said that the White House, along with a number of Western European nations, was mulling completely isolating Moscow from the global financial system should Russian troops dare to invade Ukraine.
Just the day before, Bloomberg had suggested that Washington could target the country’s major banks and even disconnect Moscow from the SWIFT network.
Roll this all up together with Klaus Scwhab’s threatening us all:
This comes at a time when…
Let me summarise. Like covid, the “cyber pandemic” is a plan-demic designed to usher in the Great Reset (a plan originally made in 1992 and titled Agenda 21 at the UN).
This plan we are told is to “save” the world from a climate crisis, too much consumerism, and inequality. Naturally, in order to “fix” these problems a one world government is needed with communism implemented (changing shareholder capitalism to stakeholder capitalism) and a slave class dependent on government (universal basic income) for their necessities. Necessities which will be provided to or denied based upon one’s social credit score.
These are things that most don’t want to see. Heck, I don’t want to see them. They’re truly and utterly terrifying.
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