CHillDeac
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The real reason for our war with Iran. Iran is scheduled to start-up their oil bourse today and begin trading for oil outside of US Dollars. And on cue this happens:
Belgium-based SWIFT, which facilitates the bulk of global cross-border payments, said it would disconnect designated Iranian financial firms from its messaging system on Saturday at 1600 GMT after European regulators ordered the company to do so.
"The EU decision forces SWIFT to take action," SWIFT Chief Executive Lazaro Campos said in a statement on Thursday. "Disconnecting banks is an extraordinary and unprecedented step for SWIFT. It is a direct result of international and multilateral action to intensify financial sanctions against Iran."
SWIFT, or Society for Worldwide Interbank Financial Telecommunication, has been described as the glue of the global banking system, handling daily payments estimated at more than $6 trillion.
This is an act of war!
http://www.reuters.com/article/2012/03/15/us-nuclear-iran-idUSBRE82E15M20120315
Belgium-based SWIFT, which facilitates the bulk of global cross-border payments, said it would disconnect designated Iranian financial firms from its messaging system on Saturday at 1600 GMT after European regulators ordered the company to do so.
"The EU decision forces SWIFT to take action," SWIFT Chief Executive Lazaro Campos said in a statement on Thursday. "Disconnecting banks is an extraordinary and unprecedented step for SWIFT. It is a direct result of international and multilateral action to intensify financial sanctions against Iran."
SWIFT, or Society for Worldwide Interbank Financial Telecommunication, has been described as the glue of the global banking system, handling daily payments estimated at more than $6 trillion.
This is an act of war!
http://www.reuters.com/article/2012/03/15/us-nuclear-iran-idUSBRE82E15M20120315