(Rick Moran – PJ Media) The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a global network for payments between banks. International trade and finance would be next to impossible without it.
Indeed, cutting off a country from the SWIFT system would be a death sentence for its economy. There just isn’t a good alternative that a nation could use.
So why doesn’t Biden lower the boom on Putin and really make invading Ukraine not worth it?
Kicking Russia out of the SWIFT network could lead to mass unemployment as well as shortages of everything from food to electronics.
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