Home > Man-Made Disasters, Radical Islam, Wars and Rumors of War > US Lawmakers Urge Electronic Banking System SWIFT to Drop Iranian Banks, ‘This Is As Serious As It Gets’ in Economic Terms

US Lawmakers Urge Electronic Banking System SWIFT to Drop Iranian Banks, ‘This Is As Serious As It Gets’ in Economic Terms


By Roberta Rampton – “U.S. Senators agreed on Thursday to a plan that would pressure a global electronic platform used by the world’s banks to stop providing services to Iranian banks blacklisted by the U.S. Treasury.

The proposed measure is part of a package of new sanctions passed by the Senate Banking Committee that lawmakers hope will further crimp revenues that they say Tehran is using to develop nuclear weapons. Iran denies seeking nuclear arms.

If accepted, the provision would push the White House to press SWIFT, the Society for Worldwide Interbank Financial Telecommunication, to shut out Iran’s central bank and its other financial institutions from the infrastructure used for moving money between banks around the world.” Read more.

Jim Sinclair: ‘This is as serious as it gets in nuclear and economic terms’ – “Iran is to be dropped out of the Swift system in Belgium. That means Iran could neither send or receive bank money wires. That would slam Iran’s economy. This is economic war at the highest level of conflict. This could start a greater move of central banks with fears of the West to increase and retrieve their gold positions. It certainly puts cash reserves held by central banks (which are computer entries anyway) into serious question as to security. This is as serious as it gets in nuclear and economic terms. The only weapon that can be effective against Iran’s nuclear industry is Western nuclear deep penetration bunker busters. Hold tight to your insurance investment positions.” Source – SGT Report.

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