Just wanted to give you guys a bit of insight into the SWIFT network and it’s use in money transfers. It’s discussed here a bit with regards to first Russia then the EU discussing moving away from the system. I think the SWIFT system itself is well worth discussing from a conspiracy angle. The way the system works renders “money” to lines of computer code, these exchanges of code run pretty much the entire financial systems. For example the clearing system for GBP, CHAPS, recently had a daily volume of 325bn GBP split across 190kish transactions (www.bankofengland.co.uk/payment-and-settlement/chaps). The simple fact is this money is backed up by nothing and it is shocking how easily it can/has/will go wrong or be maliciously abused/manipulated which to me is a pretty big conspiracy owing to how integral money is to our society.
Firstly, as mention, a SWIFT is a few lines of code containing data read by the bank receiving the SWIFT. For cash there’s basically two types of payments MT103 for the plebs and MT202 for the banks. The difference being the pleb payment contains your name and address and the receivers name and address whereas the bank payment simply states the remitting bank and receiving bank. Oh the bank payment is free the pleb payment isn’t naturally.
I’m lazy so I’ll show a MT202 as it’s shorter. The below is a SWIFT to transfer 100045087,41 from Barclay’s to HSBC. The message has a header containing details of the sender and receiver and most importantly would contain the codeword STG if it has been sent via CHAPS indicating to HSBC this was a credit to their account at the Bank of England
72:/BNF/HONESTLY IT’S MY MONEY NOT BARCLAYS
Those 6 lines of computer code are all it takes to move huge sums of “money” but you might think but surely they have the money? It’s a bank! Well, no they don’t and neither do you have any “money” in the bank either.
Each of the members of CHAPS who use SWIFT to transact have an account with the Bank of England (money moves at the place of common account which inevitably is the central bank) so when Barclay’s sent the message the “money” was debited from Barclays account (a number on a screen) and credited to HSBCs account (a number on a screen). Actually I lie, there’s a lot of numbers on the same screen and you can see the balance you have against each of the banks at the same time. So what happens if you pay out more than you receive in? Well the BoE stipulates that banks get as close to zero as they can so what do you think happens? The banks who are long lend to the banks who are short meaning the whole thing is zero sum, no money actually moves because there wasn’t any to start with. Although I have no way of knowing other banks liquidity limits I know one mid to high tier play has around 6bn daily liquidity (meaning the most they expect to pay out to each of the other banks on a given day nets out to less than 6bn. If it pays out more they borrow if it pays out less they lend.)
So remember that daily volume? Now think what would happen if those payments suddenly went one way.
You might remember the “credit crunch” well that is it. The long banks wouldn’t lend to the short banks because they didn’t know if they’d get their “money” back. That happens and the whole charade don’t work no more.
Finally. It’s a payment system. Bozos on 20k a year are let lose inputting transactions. Payments fuck up 190k daily transactions with a STP rate (straight through ie no bozo contact after it was instructed) is mid high 90s but thats still a lot of transactions the bozos need to sort out.
Basically believing that SWIFT allows for the movement of money requires the same kind of faith as jumping off a cliff because you know you can fly.
TL:DR SWIFT is the thing that allows the central bank ponzi scheme to operate. Talk of moving away from this system could be seen as talk of moving to a truly new, maybe fairer though doubtful, financial system.
- Tom Fitton: “I’ve reviewed the warrant material released in response to Judicial Watch court request. It is all a scam.”
- Disturbing Proof They’re Quietly Deleting the Internet
- China’s Warning ENTIRE Economy Will Collapse In 34 Days
- Trump declassified documents that proved the crimes of the FBI. Biden reclassified them & never told him
- Man Who Thinks Candy is Healthier Than Meat to Advise White House on Health and Nutrition
- A Horrifying Drought Is Causing Widespread Crop Failures Throughout The United States And Europe
- The Truth About the US “Economy”
- Justin Bieber Goes Full-Hitler
- Ultimate Doom! Dec. 13, 2022 Now Called ‘C-DAY’ “BIDEN BUCKS”/ Central Bank Digital Currency: (CBDC) Executive Order 14067
- Jesse Felder: Small Businesses’ Big Message For The Markets