Loading ...Not so SWIFT
Huge implications, other countries are watching and will be distancing from the system.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced on Saturday that it was preparing to comply with orders from Western powers to disconnect Russia from its system.
It’s like electricity or the supply of any other essential thing: disruptions make people look for backups. The crypto folks understand this best of all and are not willing to take part in any politically motivated “freezings” because it will just send their clients looking for a backup exchange (or two). People inherently crave independence because it brings stability or freedom. Of all the things that ought to freak people out and send them to seek alternatives, threats to their financial security have got to be the main one, next to threats to physical security. I guess this is why the WEFers want so much to control people’s money. I wouldn’t be surprised if all these financial threats drive the whole world to cryptos just for the independence. Disconnecting people or nations from their finances is personal bank robbery. Who will want to use that bank anymore?
EGG ZACKLY