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Member since: Thu Jul 6, 2006, 12:17 AM
Number of posts: 27,137

Journal Archives

Orwellian Euphemisms: It's not 'mass surveillance', it's 'bulk collection' now

- ''Bulk Collection'' -- used for those times when your society begins to experience irregularities.......

'Hegemony Challenged': UK joins China-led bank, US slams decision

Triumph Does The Weather

- I'm sure when Triumph said ''Hawaii You're A Pussy!'' he meant it in a ''non-sexual,'' and a ''non-anti-cat'' sort of way.

The Daily Show - Hurricane Sandy Survivors' Long Wait for Housing

- This is why Jon Stewart's departure will hurt so badly. Who's going to tell us the news?

The West's Plan To Drop Russia From SWIFT Hilariously Backfires

Submitted by Tyler Durden on 03/12/2015 16:29 -0400

Submitted by Simon Black via Sovereign Man blog

If Vladimir Putin is remotely capable of laughter (the jury is out on that one…) then he’s probably doing so right now. 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.

That’s a mouthful. But SWIFT is an important component in the global banking system because it lays the foundation for banks to communicate and transfer funds with one another. It’s a network protocol of sorts. Whenever a bank in Pakistan does business with a bank in Portugal, the funds will clear through the SWIFT network. According to the SWIFT itself, they link over 9,000 financial institutions worldwide in over 200 countries, which transact 15 million times per day.

Bottom line, being part of SWIFT is critical to conducting business with the rest of the world. And if Russia gets kicked out of SWIFT, it would be a disaster. Now, SWIFT is technically organized as a ‘Cooperative Society’ and governed by a board of directors. There are 25 available board seats, and each seat is allocated for a three-year term to a specific country. The United States, Belgium, France, Germany, UK, and Switzerland each hold two seats. A handful of other countries hold just one seat. And of course, most countries don’t hold any seats at all.

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.



- They want Syria, and they'll do anything to get it. Any-stupid-thing.

Last Week Tonight with John Oliver: U.S. Territories

- Once again, we are informed by the coMEDIAns.

America: The McDonalds among nation-states.......

Real Time with Bill Maher: Weed the People

The 44th President of the United States of America

Censorship: I'm the one who says the last sentence. Whatever you say, the conclusion is mine.

- Sometimes art imitates life, and then sometimes it's the other way round.....

''We must learn to live together as brothers or perish together as fools.'' ~Martin Luther King, Jr.

Meet the ‘Ruskies’: American TV portrays stereotypical Russians

- All nations are Granfalloons. All. Of. Them.

Sculpting the hand by Philippe Faraut

- Very relaxing......
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