Category Archives: #SWIFT

– Corrupt System

I Never Knew How Screwed Up The Global Financial System Was Until I Started My Own Bank | Zero Hedge

By late 2014 I’d finally had enough.

After so many run-ins with the bitter incompetence and bureaucratic indignity of the banking system, I decided once and for all that I would start my own bank.

I probably should have had my head examined, but instead I called one of my attorneys to talk through the options.

Had I known then what I know now, I think I still would have made the same decision… but in total honesty I was completely unprepared for the torrential shit storm I was about to enter.

The deeper I went, the more overwhelming my discoveries of how shockingly inept, obsolete, and out of touch the industry is.

It’s one thing to read about it in the headlines. It’s quite another to experience it first hand as an insider.

Here’s a great example: you know how it seems commonplace these days to hear about banks getting hacked? Well, there’s a very good reason for that.

Every bank runs on something called “core banking software”, which is sort of a central financial database that keeps track of all accounts and transactions.

Anytime you deposit or withdraw funds, the core banking software updates its records.

And whenever you log in to your bank’s website to check your account balance, the server relies on the core banking software for that information.

Core banking software is the most critical component of any bank’s technological infrastructure.

Yet ironically, the software that many of the most established banks use was originally written in either Fortran or COBOL, both 60-year old programming languages that date back to the late 1950s.

Back then banks were very early adopters of technology and jumped on the chance to automate their core functions.

As technology improved, banks continually patched and updated their systems.

But they eventually ran into limitations in terms of how much they could modernize the software.

In the software industry, developers recognize this limitation…

Source: I Never Knew How Screwed Up The Global Financial System Was Until I Started My Own Bank | Zero Hedge

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The GoldFish Report No 92, POTUS First 100 DAYS Legacy with Kent Dunn

Published on Apr 30, 2017

On The GoldFish Report No. 92, Louisa and Kent discuss how the Act of 1871 is directly related to the first 100 Days of Donald Trump’s Presidency and the historic implications it will have on humanity. From the UCC-1 straw-man accounts to the Global Currency Reset, NESARA, GESARA and Geopolitical implication of this Trump Administration and more. To receive our reports, you can subscribe to us on YouTube at The GoldFish Report, or you can follow us on Twitter at @ReportGoldfish, on our blog at http://www.thegoldfishreport.wordpress.com, please like us on facebook at http://www.facebook.com/thegoldfishreport adn to help support our viewer supported public social media please visit http://www.thegoldfishreport.com and make a contribution to help support the production of these reports. For our viewers with ideas for our 100th GoldFish Report please send ideas to thegoldfishreport@gmail.com. Thanks for Viewing!

Source: The GoldFish Report Blog | The GoldFish Report

UN And Western Spy Chiefs In Panic After Russia Launches “First Strike” Against US Dollar

April 24, 2017 By: Sorcha Faal, and as reported to her Western Subscribers

In what is looking more by the hour to be a Russian “first strike” against the United States during this current “cold phase” of World War III, the Security Council (SC) is reporting today that President Putin has ordered the immediate implementation of the “Golden Tsar” attack plan against the US dollar—and that has so terrified the West, its top spy masters (the “Five Eyes Alliance”), have rushed to New Zealand for a secret meet and the UN Security Council is now rushing to the White House—but whose efforts to counter the Federation will fail; and as stated by top Kremlin advisor Sergey Glazyev who warned these Western elites: “The more aggressive the Americans are the sooner they will see the final collapse of the dollar as the only way for the victims of American aggression to stop this aggression is to get rid of the dollar…[and] as soon as we and China are through with the dollar, it will be the end of the United States military might”.  [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]

According to this report, after the collapse of the Bretton Woods gold standard in the early 1970s, the US struck a deal with Saudi Arabia to standardize oil prices in dollar terms—and through this deal, the “petrodollar system” was born, along with a paradigm shift away from pegged exchanged rates and gold-backed currencies to non-backed, floating rate regimes.

To the catastrophic effect on the entire world of the United States creating its petrodollar system, this report explains, is shown by President John F. Kennedy, in the early 1960’s, attempting to break his nations military-industrial-complex’s “state of perpetual war”—and that allowed him to drastically reduce his nations national debt rise to only $23 billion bringing its total to $312 billion—but that he wasn’t able to continue due his public assassination in 1963.

Under Kennedy’s predecessor, President Lyndon Johnson, this report continues, the illegal Vietnam War was ramped up costing the American people, by 1969, $42 billion and bringing its national debt total to $354 billion.

Assuming power from President Johnson in 1969, this report further details, President Richard Nixon added another $121 billion to his nation’s debt for the illegal Vietnam War brining his nation’s national debt total to $475 billion—an amount so staggering for its time it caused what is now called the “Nixon Shock” when, on Friday, 13 August 1971, Nixon ordered the unilateral cancellation of the direct international convertibility of the US dollar to gold…

Source: http://www.whatdoesitmean.com/index2288.htm

Russia Prepares For Split With International Banking System

Russia Insider. Russia has successfully developed and implemented an alternative should it be excluded from international banking systems, according to a recent report. As far as western sanctions go, by far Russia’s largest vulnerability is in its banking sector, which for better or for worse is tied to the hip with international banking. If Russia wishes to…

via Russia Prepares For Split With International Banking System — Galactic Connection

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

By Joseph P. Farrell The Nefarium has been busy this week, and I’ll bet you didn’t even hear about this one on the lamestream corporate globaloneyist media: https://youtu.be/6Z40w9Fl5xA Continues from The Daily Economist… Long time U.S. vassal state Japan to bypass…

Source: Long time U.S. vassal state Japan to bypass dollar and SWIFT to transact using China’s CIPS system in inter-bank settlement » The Event Chronicle