Kick Who Out? SWIFT Gives Russia a Seat on the Board

[Purveyor]

Vladimir Putin is having a good laugh, wherever he is right now.

Friday, 13 March 2015

Russia is once again Arch-Enemy of the United States. It’s like living through a really bad James Bond movie, complete with cartoonish villains.

And for the last several months, the US government has been doing everything it can to torpedo the Russian economy, as well as Vladimir Putin’s standing within his own country.

The economic nuclear option is to kick Russia out of the international banking system. And the US government has been vociferously pushing for this.

Specifically, the US government wants to kick Russia out of SWIFT, short for the Society of Worldwide Interbank Financial Telecommunications.

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Here’s what’s utterly hilarious—

On Monday afternoon, not only did SWIFT NOT kick Russia out… but they announced that they were actually giving a BOARD SEAT to Russia.

This is basically the exact opposite of what the US government was pushing for.

Awkward…
But this story is even bigger than that.

Because at the same time that the US government isn’t getting its way with SWIFT, the Chinese are busy putting together their own version of it called CIPS.
more...

http://macedoniaonline.eu/content/view/27110/52/

[Blue_Tires]

1. It helps that Russia has let Ukraine cool down in the past few weeks

And the fact that Russia also holds Poland by the short hairs...

What's wrong with using sanctions to "torpedo the RU economy"? It's one of the better options we have since nobody wants us to use outright military force in Ukraine...And the Russians have been trying to do the same thing to our economy, on multiple levels might I add...(i.e., the spies caught in New York)