S.W.I.F.T and Oil and Putin: Arlin Report thought(s) of the day


Russia Russia Russia

Sanctions against Russia…………but not completely. We, the U.S. still buying oil from Russia. Make threats…..weak threats if Putin invades Ukraine? Major consequences says Joe Biden…..serious sanctions! LOL……We’ll still buy your oil though. If we were oil independent……….as we were (nearly there) Putin’s oil would not be needed……strike it from our shopping list! Not sure it is still so necessary. But hey, one of the main driving forces (the real reason) for war has been the control of OIL. It is why Jed Clampett called oil BLACK GOLD.

Sanctions? Not enough. SWIFT, the international banking system, punching Putin out of the SWIFT System would have much more of an impact. Money/wealth moves through that system. It is how countries do business with one another. That would cripple Putin. It’ll hurt the Russian people……….which is unfortunate as citizens are always victims of poor/careless leadership (that is something we all share).

Joe Biden/the U.S. do not have sole authority to bounce Russia from the S.W.I.F.T. Banking System. In a brief explanation of what SWIFT is: An international messaging and wire transfer system. I know a great deal about SWIFT as I was an International Banker for about 15 years. It is a very beneficiary communication tool……actually vital in todays world. It is unfortunate that people with political power can not be as civil to one another as those who use the S.W.I.F.T. system (worldwide financial institutions) for international business are and as respectful. A great deal of the S.W.I.F.T. messages and transactions I processed daily was with banks in China. Those were more professional and respectful than many I submitted elsewhere……….like in South America (some were a pain).

https://www.nbcnews.com/news/world/swift-banking-system-used-sanction-russia-rcna17533

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.