U.S. Contemplating Isolating Russia from SWIFT Banking System

[pinggoki]

The people that wants to live earnestly will be the one that's going to be suffering the most in this situation, Putin and his cronies are well off already so I am pretty sure that they don't care what happens in this situation, they can always just rebuild at the expense of their own people. A lot of countries have been to this kind of situation and we somehow know how it ends.

[1714728164]

1714728164

[SquallLeonhart]

The people that wants to live earnestly will be the one that's going to be suffering the most in this situation, Putin and his cronies are well off already so I am pretty sure that they don't care what happens in this situation, they can always just rebuild at the expense of their own people. A lot of countries have been to this kind of situation and we somehow know how it ends.

That is the thing with political chess playing. When nations attack each other, literally in a war, soldiers and civilians die but politicians rarely get ousted, they just keep their places. You will see, if Russia attacks Ukraine, the political leaders of Ukraine will be fine, Putin will be fine, it would be soldiers and civilians that die.

Same happens with economical warfare as well, politicians are already rich, if this happens, regular citizens will be having economical problems, and politicians do not care about anything at all. Putin will be fine, if anyone goes against him in an election, he will just get them killed and he will be fine. So all in all this will only hurt regular people and not the people at the top.

[Sithara007]

That is the thing with political chess playing. When nations attack each other, literally in a war, soldiers and civilians die but politicians rarely get ousted, they just keep their places. You will see, if Russia attacks Ukraine, the political leaders of Ukraine will be fine, Putin will be fine, it would be soldiers and civilians that die.

Same happens with economical warfare as well, politicians are already rich, if this happens, regular citizens will be having economical problems, and politicians do not care about anything at all. Putin will be fine, if anyone goes against him in an election, he will just get them killed and he will be fine. So all in all this will only hurt regular people and not the people at the top.

Agreed with this and the same is happening all around the world. Look at North Korea. The ordinary people are starving as a result of the embargoes and sanctions imposed by the United States. But at the same time, Kim Jong Un is enjoying his lifestyle with luxury items like Parmesan cheese and champagne from Moët & Chandon. The same will happen if a war breaks out between the NATO and Russia. Russian civilians will suffer from loss of life and wealth, and the American public will suffer from hyperinflation. In the short term, crude oil prices will shot up to $200 or $300 per barrel and that will bring another round of economic recession.

[cabron]

That is the thing with political chess playing. When nations attack each other, literally in a war, soldiers and civilians die but politicians rarely get ousted, they just keep their places. You will see, if Russia attacks Ukraine, the political leaders of Ukraine will be fine, Putin will be fine, it would be soldiers and civilians that die.

Same happens with economical warfare as well, politicians are already rich, if this happens, regular citizens will be having economical problems, and politicians do not care about anything at all. Putin will be fine, if anyone goes against him in an election, he will just get them killed and he will be fine. So all in all this will only hurt regular people and not the people at the top.

Agreed with this and the same is happening all around the world. Look at North Korea. The ordinary people are starving as a result of the embargoes and sanctions imposed by the United States. But at the same time, Kim Jong Un is enjoying his lifestyle with luxury items like Parmesan cheese and champagne from Moët & Chandon. The same will happen if a war breaks out between the NATO and Russia. Russian civilians will suffer from loss of life and wealth, and the American public will suffer from hyperinflation. In the short term, crude oil prices will shot up to $200 or $300 per barrel and that will bring another round of economic recession.

It's always the people of both sides who will suffer including the soldiers who just follow orders. These soldiers have families and loves ones who will likely go home dead and their kids of their kids grow the hate against other countries all because the leaders can't find the way to just make deals and agreements and then make money with what's on the table.

Germany has essentially vetoed the suggestion of excluding Russia from the Swift interbank system. Even Friedrich Merz the opposition of the German government had also opposed the suggestion. I think they already realized that Europe is dependent on Russia's oil and it will hit thier economy if something like that would happen.

[DrBeer]

That is the thing with political chess playing. When nations attack each other, literally in a war, soldiers and civilians die but politicians rarely get ousted, they just keep their places. You will see, if Russia attacks Ukraine, the political leaders of Ukraine will be fine, Putin will be fine, it would be soldiers and civilians that die.

Same happens with economical warfare as well, politicians are already rich, if this happens, regular citizens will be having economical problems, and politicians do not care about anything at all. Putin will be fine, if anyone goes against him in an election, he will just get them killed and he will be fine. So all in all this will only hurt regular people and not the people at the top.

Agreed with this and the same is happening all around the world. Look at North Korea. The ordinary people are starving as a result of the embargoes and sanctions imposed by the United States. But at the same time, Kim Jong Un is enjoying his lifestyle with luxury items like Parmesan cheese and champagne from Moët & Chandon. The same will happen if a war breaks out between the NATO and Russia. Russian civilians will suffer from loss of life and wealth, and the American public will suffer from hyperinflation. In the short term, crude oil prices will shot up to $200 or $300 per barrel and that will bring another round of economic recession.

It's always the people of both sides who will suffer including the soldiers who just follow orders. These soldiers have families and loves ones who will likely go home dead and their kids of their kids grow the hate against other countries all because the leaders can't find the way to just make deals and agreements and then make money with what's on the table.

Germany has essentially vetoed the suggestion of excluding Russia from the Swift interbank system. Even Friedrich Merz the opposition of the German government had also opposed the suggestion. I think they already realized that Europe is dependent on Russia's oil and it will hit thier economy if something like that would happen.

Of course, the civilian population suffers first of all, the soldiers of the army of the country subjected to aggression, the infrastructure of the country subjected to aggression. These are forced victims, which, with aggression, cannot be avoided. On the other hand, there is the aggressor and his people. After all, it is not Putin who kills Ukrainians in Ukraine... Ukrainians are killed by ordinary residents of Russia. But what is their motivation is also a question. Someone really believes in the propaganda of Russian state channels... And very many, as it turns out, go to kill Ukrainians because... they have no income at home, they live very poorly, and they pay good money for killing their neighbors !!! Do you understand how much Russia is a totally degraded country, people, mentality and morality?!

[cabron]

That is the thing with political chess playing. When nations attack each other, literally in a war, soldiers and civilians die but politicians rarely get ousted, they just keep their places. You will see, if Russia attacks Ukraine, the political leaders of Ukraine will be fine, Putin will be fine, it would be soldiers and civilians that die.

Same happens with economical warfare as well, politicians are already rich, if this happens, regular citizens will be having economical problems, and politicians do not care about anything at all. Putin will be fine, if anyone goes against him in an election, he will just get them killed and he will be fine. So all in all this will only hurt regular people and not the people at the top.

Agreed with this and the same is happening all around the world. Look at North Korea. The ordinary people are starving as a result of the embargoes and sanctions imposed by the United States. But at the same time, Kim Jong Un is enjoying his lifestyle with luxury items like Parmesan cheese and champagne from Moët & Chandon. The same will happen if a war breaks out between the NATO and Russia. Russian civilians will suffer from loss of life and wealth, and the American public will suffer from hyperinflation. In the short term, crude oil prices will shot up to $200 or $300 per barrel and that will bring another round of economic recession.

It's always the people of both sides who will suffer including the soldiers who just follow orders. These soldiers have families and loves ones who will likely go home dead and their kids of their kids grow the hate against other countries all because the leaders can't find the way to just make deals and agreements and then make money with what's on the table.

Germany has essentially vetoed the suggestion of excluding Russia from the Swift interbank system. Even Friedrich Merz the opposition of the German government had also opposed the suggestion. I think they already realized that Europe is dependent on Russia's oil and it will hit thier economy if something like that would happen.

Of course, the civilian population suffers first of all, the soldiers of the army of the country subjected to aggression, the infrastructure of the country subjected to aggression. These are forced victims, which, with aggression, cannot be avoided. On the other hand, there is the aggressor and his people. After all, it is not Putin who kills Ukrainians in Ukraine... Ukrainians are killed by ordinary residents of Russia. But what is their motivation is also a question. Someone really believes in the propaganda of Russian state channels... And very many, as it turns out, go to kill Ukrainians because... they have no income at home, they live very poorly, and they pay good money for killing their neighbors !!! Do you understand how much Russia is a totally degraded country, people, mentality and morality?!

Like any other race, none of us wishes the destruction of other countries. The movies we saw in Hollywood where Russians are all antagonists are just in movies, if they only stop doing that people will not see Russians that way. We keep creating movies where the Chinese are the antagonist, people are around the world will also be brainwashed that all Chinese are antagonists. Don't get influenced by those movies. As much as possible like any other race, we should preserve each other.

Every country has its own state channels actaully but I find the British, German, Polish, and Russian channels to have sync many times. 

[DrBeer]

Like any other race, none of us wishes the destruction of other countries. The movies we saw in Hollywood where Russians are all antagonists are just in movies, if they only stop doing that people will not see Russians that way. We keep creating movies where the Chinese are the antagonist, people are around the world will also be brainwashed that all Chinese are antagonists. Don't get influenced by those movies. As much as possible like any other race, we should preserve each other.

Every country has its own state channels actaully but I find the British, German, Polish, and Russian channels to have sync many times. 

I was born in the USSR, on the territory of today's Russia. I have relatives there. Until 2014 I went there. I have seen how people in Russia have been pumped up with propaganda since 2000. Working in a company in Donetsk, I saw how in 2010 they were already talking in full about the "Russian world", "under-Ukrainians", "take everything away and make Russia everywhere" ... I don't need about films. I saw how people's morality degraded, how propaganda corrupted their brains. They can talk to you about absolutely mutually exclusive things during one dialogue, and for them this is the norm, the main thing for them is to justify their actions and crimes in any way ...

[Sithara007]

Germany has essentially vetoed the suggestion of excluding Russia from the Swift interbank system. Even Friedrich Merz the opposition of the German government had also opposed the suggestion. I think they already realized that Europe is dependent on Russia's oil and it will hit thier economy if something like that would happen.

The stance from Germany is understandable. German industry is heavily dependent on natural gas from Russia, which flows through the Nord Stream pipeline. These industries will run in to losses, if they have to use the expensive LNG from United States or Qatar. The German companies have the choice to sell the cheap Russian piped gas at inflated spot rates to neighbors such as Poland, and they are benefitting now as the spot price is manytimes higher than the price of piped gas. And on top of that, the stupid Greens have forced all of the nuclear plants to close down.

[cabron]

Like any other race, none of us wishes the destruction of other countries. The movies we saw in Hollywood where Russians are all antagonists are just in movies, if they only stop doing that people will not see Russians that way. We keep creating movies where the Chinese are the antagonist, people are around the world will also be brainwashed that all Chinese are antagonists. Don't get influenced by those movies. As much as possible like any other race, we should preserve each other.

Every country has its own state channels actaully but I find the British, German, Polish, and Russian channels to have sync many times.  

I was born in the USSR, on the territory of today's Russia. I have relatives there. Until 2014 I went there. I have seen how people in Russia have been pumped up with propaganda since 2000. Working in a company in Donetsk, I saw how in 2010 they were already talking in full about the "Russian world", "under-Ukrainians", "take everything away and make Russia everywhere" ... I don't need about films. I saw how people's morality degraded, how propaganda corrupted their brains. They can talk to you about absolutely mutually exclusive things during one dialogue, and for them this is the norm, the main thing for them is to justify their actions and crimes in any way ...

Russia has explicitly told the world they have no plan of invading Ukraine. Why would they tell this to the world and to their people while doing the opposite?
Let's say Russia really will invade Ukraine. It's incredibly crazy that thier solution is to join Nato to start a war. So they better ask themselves how many times the US had "occupied" a country that ended up good?  It will only end up that the US will invade Ukraine and Russia to start harvesting the oil from that Nord Stream.

It's been clear they have been blocking the rise of China because of their influence in different countries through thier trade routes. Russia has only started its influence thru this Nord Stream, the US is now trying to block their rise too through sanctions such as this Swift.

Can't they just build something on their own in South America, Venezuela has lots of oil too, they should negotiate and build thier own if friendly competition is really what they are up to.

[stompix]

Let's say Russia really will invade Ukraine. It's incredibly crazy that thier solution is to join Nato to start a war. So they better ask themselves how many times the US had occupied a country that ended up good? 

A lot of times, you can look at West Germany and East Germany since we're talking about them. South Korea North Korea? Japan?
Also, there is a slight difference, the USA has never occupied and never left as Russia did, Russia still holds Kaliningrad, still holds Transnistria, why? And since we're at comparisons, what country that Russia has occupied has welcomed them a few years later or is not trying to distance themselves as much as they can? Can you point out a country that has become wealthy because of its alliance with Russia?
With the US, seems like even their former enemies are missing them when they realize the alternative is far worse if Vietnam welcomes US carriers in their ports, don't you think a lot have realized what you should also by now?

It will only end up that the US will invade Ukraine and Russia to start harvesting the oil from that Nord Stream.

Again brainwashing communist propaganda about the US wanting oil..
The US is the largest producer of oil, the US is exporting now gas to Europe, the US couldn't give a fuck about that gas when Apple alone has a revenue of 350 billion while Russia's total oil and gas exports were 150 billion.
Do these numbers finally get in your head the reality checked need to see what is the economical difference between these two?

[cabron]

Russia is maintaining that region for peacekeeping, if they are not present in that region minorities will just start a war of their own. Russia keeps the peace in the region and does not enforce thier own democracy because the majority of the people there are Ukrain and Russian speaking. Kaliningrad was a ruined city after the war and was rebuilt already thanks to Russia they help restore it back as they were before the war. The Russian never travel far going to the west for "peacekeeping" which I know this word will also be different when we talk about Iraq, Libya, Syria, or Afghanistan.

If there is any region that the US could easily help and take from Russia, its Kaliningrad and Transnistria so why Ukraine? Kaliningrad seems a progressive place already.

Gas price is very high in the US today. It's not a secret. I'm not sure if we can extract gas from apples but that should be a good option for the source.

[stompix]

Russia is maintaining that region for peacekeeping, if they are not present in that region minorities will just start a war of their own.

Bullshit and you know it! What minorities? Minorities created by Russia with forced relocations?
They brought in millions of Russians during the USSR times and know they claim they are defending their population, time for Spain to invade Argentina to protect the spanish people.

Russia keeps the peace in the region and does not enforce thier own democracy

Russia and democracy, what a joke, they enforce corruption and poverty

The Russian never travel far going to the west for "peacekeeping" which I know this word will also be different when we talk about Iraq, Libya, Syria, or Afghanistan.

Funny how the Russian army was present in all those countries, and before the US in all cases.

Gas price is very high in the US today. It's not a secret. I'm not sure if we can extract gas from apples but that should be a good option for the source.

Again, a reality check:
USA is becoming China's second-largest gas supplier!!
Seriously stop devouring RT's propaganda like there is no tomorrow and start asking yourself some common sense questions.

[cabron]

If the US worries so much about the Russian invasion, it's these Kaliningrad and Transnistria they should take. These places are very far from the Russian borders so why do they need Ukraine when they can get these Kaliningrad and Transnistria easily.  Not very close to its borders. There may not need for war for that.

NATO is very divided upon imposing this Swift sanction because the EU is not into it. EU knows it's not worth it with the US side. They know the US couldn't build projects that will benefit the economy of EU countries. The EU wouldn't need the US for oil soon so there goes the claim for being the largest.

[stompix]

If the US worries so much about the Russian invasion, it's these Kaliningrad and Transnistria they should take.

You see, this is the Russian mentality, for you, everything is about grabbing a club and taking what you want if somebody protests beat him to death or throw him from those Russian windows with 99% fatality rates.

EU knows it's not worth it with the US side. They know the US couldn't build projects that will benefit the economy of EU countries.

Of course, how could we compare the utopia Comecon created with the Marshall Plan?

In 2020, the U.S. investments made in Europe were valued at approximately 3.66 trillion U.S. dollars.

Again, reality check, that's nearly 3 times the GDP of Russia.

The EU wouldn't need the US for oil soon so there goes the claim for being the largest.

Next time please only bother to reply when you can say things that actually make sense.

[cabron]

The EU wouldn't need the US for oil soon so there goes the claim for being the largest.

Next time please only bother to reply when you can say things that actually make sense.

Because I don't really see the reason why they need to manufacture war over and over. When in fact Russia didn't want war. No one wants war. I hope the US will actually realize that there is no need for war. Unless of course, they want something from Russia which they could only achieve by launching a war. If they can't do it, they need a sanction that already failed.

They did this to Iraq claiming Saddam has weapons of mass destruction but in the end no weapon but his golden handgun. It's all lie. And this Ukraine invasion is also a lie.

[Fortify]

If you keep up with world news, you know there are some serious tensions between Russia and Ukraine.

Russia has shown several acts of aggression towards the people of Ukraine. Most notably the cyberattacks on Ukraine's power grid. Many think this was just a "practice run" aimed at perfecting these kinds of attacks for when they want to do some real damage.

In response to Russia's more recent actions, the United States proposed cutting Russia off from the SWIFT banking system should they mount any type of invasion on Ukraine. This would be detrimental to Russian businesses and consumers alike.

Assuming Russia has no intentions of invading Ukraine, there isn't really much to talk about. But what happens if they do?

Would it be political suicide? Would they develop their own banking/payment system? Would they look to an open-source monetary network?

I can't see Russia putting itself in a position to collapse its own economy. However, I also can't see Russia not harassing Ukraine.

Would our decentralized ledger be able to aid Russia in the event they are unable to use SWIFT?

There actually seems to be some backtracking on this threat and it could end up backfiring in the long run as well. If you cut off all Russian consumers and the Russian government away from the SWIFT system, you force them to implement another system - which plays right into Putin's hands. He is already super comfy and doesn't particularly care how this would damage the average Russian because he is able to effectively crush dissent at the moment and this sort of ban would give him more power over local transactions. You can also bet that the American controlled system is able to extract a lot of useful information from the billions of transactions that take place in this system every year, which might become unavailable if it was on another network.

[DrBeer]

Russia has explicitly told the world they have no plan of invading Ukraine. Why would they tell this to the world and to their people while doing the opposite?
Let's say Russia really will invade Ukraine. It's incredibly crazy that thier solution is to join Nato to start a war. So they better ask themselves how many times the US had "occupied" a country that ended up good?  It will only end up that the US will invade Ukraine and Russia to start harvesting the oil from that Nord Stream.

It's been clear they have been blocking the rise of China because of their influence in different countries through thier trade routes. Russia has only started its influence thru this Nord Stream, the US is now trying to block their rise too through sanctions such as this Swift.

Can't they just build something on their own in South America, Venezuela has lots of oil too, they should negotiate and build thier own if friendly competition is really what they are up to.

Let me remind you again - it was Russia that signed the treaty on ensuring the inviolability of Ukraine, as well as protecting its integrity, within the borders that were at the time of the signing of the Budapest Memorandum. There are more such examples, promises and even signings, and subsequent violations of these promises on the part of Russia than kept promises ....
The entire top of the Kremlin, all propaganda channels are hysterically yelling that Ukraine must be destroyed, that it should not exist, that some Russian speakers are suffering there! By the way, I am Russian by origin, a citizen of Ukraine, a Russian speaker But no one forbids me to communicate in my native language ... Now the rhetoric has changed - after Russia issued their passports on the temporarily occupied territory of the DPR / LPR, they will already hysteria that "they are obliged to protect OWN CITIZENS!". Their citizens on the territory of Ukraine!!! Maybe it is necessary to simply take them, their citizens, to their native territory?

Well, about the rest - you are just like the TASS news in the 70s - "insidious imperialists want to get our resources" )) You understand that having captured such a territory, its maintenance will result in huge costs. The US is cheaper and easier to PRINT OWN PAPERS, for which the Kremlin thieves sell all Russian resources, beautifully packaged, and asked where to deliver!

[Sithara007]

If the US worries so much about the Russian invasion, it's these Kaliningrad and Transnistria they should take. These places are very far from the Russian borders so why do they need Ukraine when they can get these Kaliningrad and Transnistria easily.  Not very close to its borders. There may not need for war for that.

NATO is very divided upon imposing this Swift sanction because the EU is not into it. EU knows it's not worth it with the US side. They know the US couldn't build projects that will benefit the economy of EU countries. The EU wouldn't need the US for oil soon so there goes the claim for being the largest.

All the best with Kaliningrad (Königsberg / Karaliaučius). That territory is home to some one million Russians and the Russian Baltic Fleet is based there (with additional garrisons at Baltiysk). Any attempt to take this territory will results in hundreds of thousands of deaths for the invading party. Neither the US, nor their allies in that region (Poland, Lithuania, Latvia.etc) are willing to take this risk. Transnistria is slightly less problematic, with a minimal Russian army contingent of <2,000 personal. But any attempt to invade that territory will result in Russia launching an all-out war against the invaders.

[aku_sultan20]

your thread is good bro, it is very interesting to discuss. Maybe this system has been used for a long time for cross-border transactions, WIFT stands for Society for Worldwide Interbank Financial Telecommunication, this will be very helpful especially in my country, there are indeed many workers in foreign countries without have to go home first to just give money to his family, after crypto emerged I prefer this transaction which can be cheaper and faster and has no minimal fees so it's better than banking. Is your question political suicide or an open source monetary network? collect some information developments until this second tread continues developments must continue to be monitored from several media.
is there an information link from the thread you made before? or today's developments.thanks

[DrBeer]

If the US worries so much about the Russian invasion, it's these Kaliningrad and Transnistria they should take. These places are very far from the Russian borders so why do they need Ukraine when they can get these Kaliningrad and Transnistria easily.  Not very close to its borders. There may not need for war for that.

NATO is very divided upon imposing this Swift sanction because the EU is not into it. EU knows it's not worth it with the US side. They know the US couldn't build projects that will benefit the economy of EU countries. The EU wouldn't need the US for oil soon so there goes the claim for being the largest.

All the best with Kaliningrad (Königsberg / Karaliaučius). That territory is home to some one million Russians and the Russian Baltic Fleet is based there (with additional garrisons at Baltiysk). Any attempt to take this territory will results in hundreds of thousands of deaths for the invading party. Neither the US, nor their allies in that region (Poland, Lithuania, Latvia.etc) are willing to take this risk. Transnistria is slightly less problematic, with a minimal Russian army contingent of <2,000 personal. But any attempt to invade that territory will result in Russia launching an all-out war against the invaders.

You probably remember about such a country as the USSR. So, if we compare it with today's Russia, then its economy, industry, army, and share in the world economy were an order of magnitude stronger. It must be understood that today's Russia (from the point of view of the economy and industry) is "wearing things from the dead USSR." Today's Russia is much weaker economically, has a much weaker industrial base, which has been degrading in recent decades. No one will fight with full-scale hostilities, why ruin the lives of their citizens?! Simple economic sanctions killed a fairly powerful USSR. And to finish off this unsuccessful miscarriage of the USSR, with the same measures, is not a problem. Internal tension in the Russian Federation is high, the problems of the population are growing like a snowball, while every day on TV they talk about another victory of Putin over the "decaying West", and when they go to the store, seeing constantly rising prices and a global decline in the quality of goods and services, they understand that so far Putin is only defeating his own people ... It is enough to tighten the noose, and they themselves will demolish the regime ...