The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label swift. Show all posts
Showing posts with label swift. Show all posts

Tuesday, May 2, 2017

Japan to join China in weaning Asian economies off the dollar by facilitating direct yen currency swaps

Despite the fact that Japan is lacking a equivalent payments system to SWIFT like China now has, they will soon be joining the world's second largest economy in helping to wean the rest of Asia off the dollar by facilitating direct bi-lateral currency swaps.

Focusing primarily on the ASEAN economies, and jumping in as a competitor to the Yuan's growing dominance in the region, Japan is preparing to introduce a new program that will seek to establish currency swap agreements with most Asian countries that will include allowing them to use the Yen as a currency reserve, and even as a medium of exchange to buy or sell dollars.

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Japan seeks to establish bilateral currency swap frameworks with members of the Association of Southeast Asian Nations as a hedge against tight fund supplies in a financial crisis and also as a counter to the growing influence of the yuan. 
The Finance Ministry will propose the initiative soon. Japan's finance minister and central bank chief will meet with their ASEAN counterparts for the first time in four years, to coincide with the Asian Development Bank's annual meeting starting May 4 in Yokohama. 
Tokyo hopes the initiative will make Asian countries' financial systems and currencies more stable. Its first negotiations will involve Indonesia. 
The swap arrangements would let Japan supply foreign banks and other institutions with yen funds chiefly via the respective country's central bank. Financial institutions could unwind yen holdings under that framework, which may improve liquidity and stem the ripple effect during a financial crisis. 
ASEAN countries could even procure the dollar with the yen, then employ the greenback in propping up their own currencies. 
Japan's move comes as ASEAN members look to wean themselves off the dollar, a trend that could support wider adoption of the yen. In 2015, Vietnam set a zero interest rate on dollar deposits in a bid to encourage the use of other currencies. Indonesia mandates that settlements made inside its borders be in the rupiah. 
Japan also is taking aim at China, which is busy trying to internationalize the yuan. The International Monetary Fund says the yen accounts for 4.21% of foreign currency reserves held by countries, beating the yuan's 1.07%. However, Beijing has entered into bilateral currency swap agreements with Malaysia, Thailand and other Asian countries. Singapore and the Philippines decided to add the yuan to their foreign currency reserves last year. - Nikkei Asia

Tuesday, April 25, 2017

In followup to ESFS payment system to bypass SWIFT, Russia ready to open Mir payment card for international use

With both Russia and China having recently completed their SWIFT alternative payment systems that will allow them or any nation to bypass the dollar and any potential U.S. sanctions, on April 25 Russia is pushing its next payment program forward by internationalizing the Mir payment card through a joint deal with Mastercard.

In fact, Russia is now joining China who has a similar credit/debit card system known as Union Pay, and where the Chinese version is already the singular biggest payment card in the world.

Russia's National Payment Card System (NSPK) and Mastercard are holding negotiations on co-badged cards, to be called Mir-Mastercard, Russian Vedomosti newspaper reported Tuesday, citing bank officials. 
According to the media outlet, NSPK and Mastercard will produce 40 million co-badged cards, if the outcome of negotiations is positive. In Russia, the card will operate as Mir, while abroad it will function as a card of the international payment system. 
The newspaper added that the Russian Central Bank and NSPK had been holding negotiations with Visa since the end of the previous year. The NSPK reportedly also signed agreements on co-badged cards with Japanese JCB, American Express and Union Pay. 
The Mir national payment system started operating in Russia on April 1, 2015. The system was created after Visa and MasterCard stopped service to some credit cards issued by Russian banks due to US sanctions imposed on Russia. Mir, operated by NSPK, seeks to ensure the sovereignty of the national payment industry and secure the processing of domestic transactions using Russian bank cards. - Sputnik News
As Russia and China continue to expand their creation of alternative financial systems to not only compete with, but even surpass long-standing Western models, the likelihood of more and more countries and consumers switching to dollar alternatives becomes a very real probability, especially since China intends to make use of their systems along their Silk Road initiative, and Russia likewise in their bid to control the global energy markets.

Saturday, April 8, 2017

Syria could be the trigger for the start of gold backed trade if Trump decides to implement sanctions

Earlier on April 7, President Donald Trump's Treasury Secretary hinted that the administration was looking at a possible escalation against the Assad regime in Syria, and that they have not ruled out initiating economic sanctions against the Middle Eastern country.  However, with China and Russia both in full support of President Bashir Assad in his fight against both ISIS and Islamic radicals posing as 'Syrian rebels', this move by Trump could very well be the catalyst that accelerates the planned gold trade system that Russia and China have already announced.

Image result for russia china sanctions gold
Just hours after unleashing a missile strike on Syria, Steven Mnuchin announced that the US will announce sanctions “in the near future” against the Assad regime.  
Joined by Secretary of State Rex Tillerson and Commerce Secretary Wilbur Ross in a briefing at Mar-a-Lago estate, the Treasury Secretary said the U.S. would impose sanctions on Syria “to stop this type of activity," according to a pool report and multiple media reports. It wasn't clear what sanctions are under consideration: last time we checked the local Four Seasons had seen better days, as for the war-ravaged economy we very much doubt it relies on trade with the US, or has substantial cash deposits in US banks, although those regions of Syria still under ISIS control are surely regular beneficiaries of having their banks hooked up to SWIFT. 
Mnuchin’s announcement was the latest sign that the Trump administration continues to escalate efforts against the Syrian President one week after Rex Tillerson said Assad's fate would be in the hands of Syria's people. - Zerohedge
Yet here is the kicker in Washington's latest attempt to scare a country by disconnecting them from SWIFT.  When the U.S. did this to Iran a decade ago, the Middle Eastern oil power simply bypassed the petrodollar and began conducting sales of energy through Turkey for... gold.  And thus they were able to survive more than 10 years of harsh sanctions that in the past would have crippled a nation.

Additionally, when the U.S. decided to falsely blame Russia for interfering in their unlawful overthrow of the Ukrainian government three plus years ago, Putin simply forged new trade agreements with China that not only helped them grow much larger than they were before, but to also give them the motivation to build their own SWIFT type payment system which could be used as an alternative for any nation who might in the future receive their own economic sanctions from the warmongering West.

Regarding “gold as money,” China and Russia confirmed this truism in spades this weekend, when they dropped a monetary bombshell by announcing their intention to pursue a trade settlement mechanism focused on gold - as described here.  To that end, Russia’s opening of a Beijing trade office last month was a major incremental step in the two superpowers’ ongoing initiative to “de-dollarize,” and lead an Eastern Trade Bloc outside the purview of the U.S., Europe, and other Western puppets like Japan. 
The New Development Bank (formerly known as the BRICS Development Bank); and the China International Payment System, or CIPS; have already been launched in an effort to “de-dollarize” the East.  And yet, even I was surprised by yesterday’s announcement; as while China and Russia are by far the world’s largest gold buyers; and perhaps, if real accounting were utilized, the world’s largest holders; I didn’t expect them to overtly utilize gold as a bi-lateral trade settlement tool.  Then again, on a visit to China last year, Russian Central Bank Deputy Chief Sergey Shvetsov said the two countries want to facilitate gold-settled trade; whilst just last month, another senior official at the Russian Central Bank, Vladimir Shapovalov, said the two nations were drafting a memorandum of understanding to solve technical issues around China’s gold imports from Russia, and that details would be released soon. - Silverseek
And thus we are at a crossroads, and the potential catalyst for Russia and China to activate their planned gold trade system if President Trump decides to act the belligerent bully and institute sanctions on Assad and the Syrian government.  Because if this does occur, you can guarantee that President's Putin and Jinping will welcome Syria's monetary system into their new respective payment systems, and then launch the knockout blow by demanding that all new trade be conducted not in dollars, but in physical gold backed letters of credit.

Thursday, March 30, 2017

Russia may soon take new 'SWIFT' type platform and expand it through gold payments and bi-lateral trade

Last week we wrote about Russia finally completing its alternative payment system that now makes it virtually invulnerable to any economic warfare performed by the U.S. through the global SWIFT system.  In fact, it has been this exact type of sanction that has stifled economies in Iran, Iraq, North Korea, and even the former Soviet Union during the Cold War.

But while on the surface Russia has indicated that their primary purpose for implementing their new payment system was to defend against the U.S. cutting them off from access to dollars through SWIFT, the fact that they have created several different new economic coalitions over the past five years means that the now have the power to do even more than just protect against U.S. economic aggression.

In fact, since they have also become the world's top energy producer and distributor, as well as one of the largest holders of gold on the planet, Moscow is prepared to even use their new payment system to collapse the petrodollar and turn the tables on America's domination through its 40+ year control over the reserve currency.

During a meeting with Russian President Vladimir Putin last Wednesday, Central Bank governor Elvira Nabiullina stated that: 
“There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative.” 
The alternative system, known by its abbreviation SPFS, is analogous to SWIFT for financial transactions taking place in Russia and has been in the works for years, with 330 Russian banks connected over a year ago. This number will likely increase now that it has been successfully developed and implemented. Nabiullina also added during the meeting that 90 percent of ATMs in Russia are now compatible with Mir, a Russian version of the Visa and Mastercard payment systems that is used domestically. However, the SPFS is still far from perfect, not operating from 9 pm to 5 am Moscow time and with a transfer cost of 5 cents per transaction. 
Whether Russia’s aim in creating and implementing an alternative to SWIFT is based chiefly on protecting its own economy or not, the move further illustrates how the concentration of international power is steadily moving eastward. Along with parallel efforts by China and other BRICS nations, U.S. and Western economic hegemony is unraveling, a stark reality that U.S. interests - particularly those of the “deep state” - are desperate to avoid. - Mint Press News
However using this new SPFS system for sovereign and bi-lateral payments may be just the first step, as rumors of it connecting with China's CIPS system to create an eventual gold backed monetary system are already on the radar.

According to an article published yesterday by Sputnik, progress made in promoting bilateral trade in yuan is the first step towards an even more ambitions plan — using gold to make transactions: 
The clearing center is one of a range of measures the People's Bank of China and the Russian Central Bank have been looking at to deepen their co-operation. One measure under consideration is the joint organization of trade in gold. In recent years, China and Russia have been the world's most active buyers of the precious metal. 
On a visit to China last year, deputy head of the Russian Central Bank Sergey Shvetsov said that the two countries want to facilitate more transactions in gold between the two countries. 
The possibility of trading in gold has been discussed by Russian officials over the last year. Last April, First Deputy Governor of the Russian Central Bank Sergey Shvetsov told TASS: 
“BRICS countries are large economies with large reserves of gold and an impressive volume of production and consumption of this precious metal. In China, the gold trade is conducted in Shanghai, in Russia it is in Moscow. Our idea is to create a link between the two cities in order to increase trade between the two markets." - Russia Insider

Thursday, March 23, 2017

Russia now prepared for both dollar collapse and future sanctions by announcing alternative SWIFT system

Over the 70+ years the U.S. has had control over the global monetary system, they have used the dollar on occasion as an 'economic weapon' to force other countries into ceding to their national and international policies.  And of course their most common way they do this is by cutting off nations from access to the SWIFT system.

But in the wake of the economic sanctions Washington and the European Union imposed on Russia following the Ukrainian coup, China, and now we can add Russia to this group, have used their time in creating their own SWIFT alternatives, and on March 23 the central bank of Russia announced they are fully prepared for any overt or covert monetary crisis which may include a dollar collapse, or future sanctions that might be used to attack the ruble.

Image result for russia and china against the us
If the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is shut down in Russia, the country’s banking system will not crash, according to Central Bank Governor Elvira Nabiullina. Russia has a substitute. 
"There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative," Nabiullina said at a meeting with President Vladimir Putin on Wednesday. 
She also added that 90 percent of ATMs in Russia are ready to accept the Mir payment system, a domestic version of Visa and MasterCard. 
Izvestia daily reported that as of January 2016, 330 Russian banks had been connected to the SWIFT alternative, the system for transfer of financial messages (SPFS). 
In 2014 and 2015, when the crisis in relations between Russia and the West were at their peak over Crimea and eastern Ukraine, some Western politicians urged disconnecting Russia from SWIFT. - Russia Today

Thursday, March 9, 2017

Russian bank follows Japan's lead in bypassing the dollar through connecting to China's CIPS system for interbank settlement

Last month, several Japanese banks took the unprecedented step in bypassing SWIFT and the dollar by connecting directly to China's CIPS platform for interbank settlement.  Now on March 9, Russia is following suit as one of their largest banks announced today that they are officially connecting to CIPS to conduct their own interback settlement with China that will no longer require intervention with the global reserve currency.

Image result for china and russia against the us
Russia's VTB Bank has been successfully connected to Chinese-based Cross-Border Inter-Bank Payments System (CIPS), the bank said on Wednesday. 
"VTB has been linked up to the system via correspondent banks and has successfully completed test operations in late 2015. We are monitoring the development of the introduction of the next phase of the CIPS, which is supposed to increase the operational efficiency of transactions," VTB's press office said in a statement. - Sputnik News
China officially opened their CIPS messaging platform last October as a way to both expand internationalization of the RMB, and to allow for much easier processing between nations in their bi-lateral trade agenda.  And over time the cost savings for both sides of the trade equation will be significant since trade partners will no longer be required to pay currency swaps to SWIFT in their having to buy dollars to act as a medium of exchange.

As more and more nations find direct bi-lateral trade a better and more equitable way of conducting commerce between economies, the less need there will be for countries to have to buy dollars to function in antiquated trade models.  And at the leading edge of this is China, who through coalitions such as the Shanghai Cooperation Organization and Silk Road projects are steadily expanding the idea of direct trade, and in the natural currencies held by each respective partner.

Friday, February 3, 2017

Long time U.S. vassal state Japan to bypass dollar and SWIFT to transact using China's CIPS system in inter-bank settlement

Ever since China began to duplicate Western financial institutions starting in 2013, more and more nations have begun matriculating towards the East, and away from dollar hegemony.  And one of the most important of these new infrastructures is the Chinese CIPS platforms which functions for the RMB the same way SWIFT does for the dollar.

Yet unlike the way SWIFT charges for swaps when nations have to use the dollar as a middleman since it still reigns as the world's singular reserve currency, CIPS allows for much lower transaction fees and the convenience of bypassing the U.S. currency through direct bi-lateral currency settlement.

Hiroshima Bank and 13 other Japanese regional banks will connect to an interbank payment network that enables direct yuan wiring to mainland China -- a move that will lower transaction fees and boost convenience for customers. 
Joining the China International Payments System will reduce fees and processing days. Juroku Bank and Joyo Bank are also among the Japanese banks taking advantage of the system introduced by the People's Bank of China. They will be connected one by one after the end of the Chinese New Year holidays via the Bank of Tokyo Mitsubishi UFJ, which connected to the system last year. 
Previously, payments to mainland China had to be processed by clearing banks such as those in Hong Kong. CIPS can cut costs by several dollars (10 yuan equals $1.45) per transaction. Payments can be completed on the same day if certain conditions are met. - Asia.Nikkei

As the world continues to reject the dollar and the old financial model of a singular reserve currency, more countries are seeing the benefits of transacting in a bi-lateral environment.  And once enough of these nations decides to follow this new economic model being laid out from Beijing, and create the critical mass needed to bypass the dollar completely, then the reserve currency will simply fade away via de facto consent, and force change onto the Western institutions that have run the global financial system for decades.

Wednesday, January 11, 2017

Forget Bitcoin, Swift may soon put the dollar itself on the blockchain

As financial institutions and think tanks work overtime to create new financial platforms using blockchain technology, one of the most unlikely of these announced on Jan. 12 that it is in the planning stages of creating a process to function in cross-border payments using the global reserve currency.

Known as SWIFT, or the Society for Worldwide Interbank Financial Telecommunications, it is the network that facilitates the exchanging of the world's currencies for dollars to aid in the function of global trade and commerce.  And in a release made on Wednesday the institution reported that they are planning on using blockchain technology to replace older infrastructures in their processes of servicing the global reserve currency.

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A global platform that connects the vast majority of the world's banks has begun building a blockchain application to simplify cross-border payments. 
Announced today, The Society for Worldwide Interbank Financial Telecommunication (Swift) is integrating open-source blockchain technology with its own products to build a proof-of-concept that might one day replace the so-called "nostro" accounts it keeps filled with cash all over the world - just in case they need it. 
If successful, the blockchain application has the potential to finally achieve a longstanding dream of Swift, to free up the cash stored in those accounts so it can be invested in more profitable measures. - Coindesk

Tuesday, April 26, 2016

As cyber-thieves used SWIFT to steal $80 million from the Fed, how safe are your accounts from hackers?

The American people have been subconsciously programmed to trust both their government, and their banking systems as institutions dedicated to protecting their money and livelihoods.  However, just as we are seeing today in the race for the Presidency, and in a cyber-hack of the Federal Reserve by foreigners, security only exists to protect the establishment, and actions are only taken when their power is threatened.
In 2010 Congress passed legislation to put the onus of bailing out banks on the depositors, and away from the responsibility that was supposed to be assigned to Federal regulators.  And while further laws were later enacted to go after common Americans who might have moved their money offshore in past years (FATCA), little has been done to protect vital areas such as the grid, or the U.S. banking system itself from hackers and cyber-attacks.
Which leads one to wonder why the recent theft of over $80 million by cyber-thieves out of Bangladesh against the Federal Reserve itself, and through loopholes in the SWIFT system, have received little fanfare or seriousness by Washington.  And the only answer that can be determined is that those sovereign and NGO entities who use SWIFT for money laundering must protect their mechanisms at all costs, even at the potential loss of tens of millions of dollars.
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Saturday, April 16, 2016

Financial events of this last week may be leading to devaluation or even collapse of dollar within weeks

Earlier this week, there were two major financial events which occurred with little fanfare by the mainstream media, but could be leading to profound consequences for the dollar and the future of the global reserve currency. On April 15, long time Wall Street metal and bond analyst Rob Kirby forecast in an interview on USA Watchdog that the revelations by Deutsche Bank of gold and silver manipulations are just the tip of the iceberg, and that major devaluations or even a crash of the dollar could be coming as quickly as the next few weeks.


In his interview with Greg Hunter, Rob Kirby expressed the point that these manipulations go far beyond simply domestic and foreign banks participating in the de-frauding of the gold and silver markets, and that if you follow the money, they lead directly to the U.S. Treasury Department and Federal Reserve. And this alone could explain the sudden 'emergency' meeting that took place on Tuesday when Federal Reserve Chairman Janet Yellen called for a meeting with President Obama and Vice President Biden at the White House.

Wednesday, March 11, 2015

In desperate move, SWIFT adds Russia to its board as a voting member

Two days after China announced they were within months of implementing their own version of SWIFT to compete and perhaps overtake the U.S. dollar as the globally recognized reserve currency, the West does a U-Turn and has accepted Russia as a voting member of their financial messaging and interchange system.  This move on March 11 comes just months after the U.S. threatened the Eurasian oil giant with being locked out of SWIFT over the Ukraine conflict, and appears now to be an act of desperation as the dollar becomes less and less of a factor in global trade.


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Wednesday, January 7, 2015

New Zealand signs on to join Chinese World Bank alternative

On Jan. 5, New Zealand became the 24th nation to sign on and join as a founding member the Asian Infrastructure Investment Bank (AIIB) which will act as an alternative to the Western run World Bank.

The AIIB is a brain child of the new Chinese expansion in Asia, and will act in a duplicate function to the IMF and World Bank, but without the forced austerity and political measures demanded from the Western led monetary agency.  The AIIB also joins with Russia’s new SWIFT mechanism and paves the way for a future global trade system that runs outside the dollar and the U.S. dominated reserve currency.


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Monday, October 1, 2012

The American system of the petro dollar is ripe for collapse

A few weeks ago, the Daily Economist wrote a piece on another website of the game changing revelation in China where they will now be bypassing the dollar in oil transactions, and allowing all countries around the world to buy and sell oil in a currency other than the dollar.  This sea change is an attack on US hegemoney over the reserve currency, and the currency known as oil, and would be the primary catalyst in destroying the economy without firing a shot.

Dollar no longer primary oil currency as China begins to sell oil using Yuan

http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan

In fact, world renowned commodities trade Jim Sinclair expanded upon this move, and said that the ultimate goal was a bypassing of the SWIFT system, which is used globally for all transactions between currencies.



What this article really said, if you have the eyes to see it, is that China has a system in place to offset the effect of being shut out of the SWIFT system, the economic nuclear weapon of the West. That proves that the premature threat and use of the SWIFT system against Iran will have rendered this economic weapon useless in the future. The mistake the West made prematurely using the economic weapon, the SWIFT system, will come back to haunt the West as extremely expensive. Had this not been used prematurely, it could have shut down major nation’s economic processes by electronically deleting the enemy from the SWIFT system. Therefore the taking and making of settlement on international transaction would have fallen back on only the gold a nation had. Everyone had gotten lazy so both enemies and friends were settling international transactions on SWIFT. History will see this as the mistake of the century. Now all opposed to each other have or are developing their own electronic payment system free of SWIFT. - Jim Sinclair

Now, the Republic of Texas TV has created a video explaining the history of the petro dollar, and what it would mean to all Americans if the global economy suddenly rejected the dollar as the reserve currency.



China, along with Russia has already made the first moves, and pandoras box has been opened.  What we choose to do to hedge the coming changes is all about the understanding of sound money and assets, and what both gold and silver (physical) mean about wealth protection.