SWIFT end of the USA by 2025 as EU, Russia, China, and Iran take steps?
The US dominance of international financial transfers known as SWIFT is being affected as the USA continues to press it as a means to punish Iran and others. Notice something from an Iranian source partially quoting a Russian interview of a UK academic:
28 August 2018
A group of US lawmakers have urged the US Treasury Department to cut off Iran from the Society for Worldwide Interbank Financial Telecommunication (SWIFT). …
{SPUTNIK:} How can this development further strain relations between Iran and the US? It’s only going to deteriorate things even worse, isn’t it?
{CHRISTOPHER BOVIS:} Absolutely, it will deteriorate things for the worse. Or it could also deteriorate the relationship between the countries of the European Union and the United States administration. It’s a full-blown economic war that will take on not only the sanctions, diplomatic or economic sanctions but it will move into financial hostilities between the two continents.
{SPUTNIK:} According to reports, Germany has been developing an alternative to the SWIFT payment system. Is it likely that this could be used by Iran to avoid US restrictions? Is there a way around restrictions using this potential new system?
{CHRISTOPHER BOVIS:} Of course, that is widely reported and this is what is happening at the moment. The European Commission has been developing a system, a parallel system to SWIFT, which will allow Iran to interface with European financial systems, European clearing systems, using the nominations supported and created by the European Investment Bank based on the euro.
In addition to that, there is a big opportunity to use that double, that parallel financial system in order to create a competitive advantage for Europe, for the European Union vis-à-vis other parts of the world for enhancing clearance and enhancing financial transactions alongside with the previous deals we have happening via SWIFT. https://financialtribune.com/articles/economy-business-and-markets/92526/us-pressure-on-iran-to-facilitate-swift-alternative
Is the above simply Russian and Iranian propaganda?
No.
Notice something from the German press:
Germany urges SWIFT end to US payments dominance
Work on creating a European payment system independent of the dominant existing international system SWIFT has already begun, Germany’s Foreign Minister Heiko Maas said at the opening of an ambassadors’ conference at the foreign ministry in Berlin on Monday.
“We must increase Europe’s autonomy and sovereignty in trade, economic and financial policies,” he said. “It will not be easy, but we have already begun to do it.”
Christopher Bovis, professor of international business law at the University of Hull in the UK, said that this was already happening. “The European Commission has been developing a system, a parallel system to SWIFT which will allow Iran to interface with European financial systems, European clearing systems, using the nominations supported and created by the European Investment Bank based on the euro,” he told DW. …
Based in Belgium, SWIFT claims political neutrality, but has bowed to US influence in the past, blocking transactions to Cuba and Iran. …
Unless it wins an exemption from sanctions, SWIFT will be required by the US to cut off targeted Iranian banks from its network by November 4 or face countermeasures against both its board members and the financial institutions that employ them.
Several European companies have already withdrawn from the country over fears of being subjected to US sanctions. …
“It is also highly likely that the EU will develop a system which mirrors the SWIFT functions but without the interference of the US administration,” Bovis said.
“The Deutsche Börse owns and controls international central securities depositories such as Euroclear and Clearstream. SWIFT does not have a monopoly in international intra-banking transactions. The EU has legal and regulatory powers to combine asset and cash swapping and clearing houses and create a parallel system to SWIFT in order to accommodate transactions of Iranian financial institutions in the light of the recent agreement between Iran and the major western economies, including Russia, after the withdrawal of the current USA administration. This parallel system of financial infrastructure represents a type of financial utility which could be linked to the European Investment Bank and provide denominated credit facilities in euros,” Bovis added. …
“At the moment, we are head-on on a collision course between the two continents, between the two economic systems. And the utilization of the financial regulatory environment including SWIFT, including payment and clearing system is used to promote the economic and diplomatic goals of the US. And the EU is responding quite successfully,” Bovis said. …
Thorsten Benner, director of Berlin-based think tank Global Public Policy Institute told DW, that the US would “for sure seek to divide and pressure the EU” on this. “The EU developing an independent system making it immune from US sanctions, very much threatens key US interests in the perception of the Trump administration.” …
Benner believes. “For salvaging Iran deal, the EU will have to rely on China.”
China can keep Iran afloat with increasing crude purchases and making sure that crude exports don’t fall prey to US sanctions.
“China has the necessary independent system for this if it so chooses to use it,” Benner said, adding that there was a certain irony in the fact that SWIFT was based in Europe — the yery same continent that was now forced to create an alternative system to it.
“But that’s the direct effect of the US weaponization of interdependence and choke points such as SWIFT. The EU played along as long as it was in its interest and now it’s biting back as secondary sanctions target EU and its key foreign policy interests,” Benner concluded. 08/27/18 https://www.dw.com/en/germany-urges-swift-end-to-us-payments-dominance/a-45242528
Now, notice something from Bloomberg:
EU Looking to Sidestep U.S. Sanctions With Payments System Plan
Germany and France said they’re working on financing solutions to sidestep U.S. sanctions against countries such as Iran, including a possible role for central banks.
The discussions … are a signal that European powers are trying to get serious about demonstrating a greater level of independence from the U.S. as President Donald Trump pursues his “America First” agenda.
“With Germany, we are determined to work on an independent European or Franco-German financing tool which would allow us to avoid being the collateral victims of U.S. extra-territorial sanctions,” French Finance Minister Bruno Le Maire said Monday during a meeting with press association AJEF. “I want Europe to be a sovereign continent not a vassal, and that means having totally independent financing instruments that do not today exist.” …
German Foreign Minister Heiko Maas also weighed in Monday, saying the EU is working to protect economic ties with Iran and keep payment channels open. Maas reiterated a proposal to make international payments systems like Swift more independent of the U.S. …
Maas said that while most of the “very difficult questions on the details” of any payments system are unresolved, at least the alternative of a nuclear escalation in the Middle East has so far been avoided. As well as the U.S. sanctions against Iran, action taken against China, Russia and Turkey will also damage European business, he added.
“We have to react and strengthen Europe’s autonomy and sovereignty in trade, economic and finance policy,” Maas said in a speech in Berlin. https://www.bloomberg.com/news/articles/2018-08-27/eu-looking-to-sidestep-u-s-sanctions-with-payments-system-plan
The EU no longer wishes to be a ‘vassal’ state under the USA.
Clearly Church of God predictions, based upon biblical prophecies, that the Europeans would take steps to rise up economically and one day overtake the USA are starting to come to pass.
While you may not think that these steps are proof, consider that, at least since the days of the old Radio Church of God, Church of God writers have said to watch Europe and that it would rise up to dominate.
Furthermore consider that in 1971, the old Worldwide Church of God clearly taught that the Europeans would get their own currency:
Envision the startling future of Western Europe… A “United States of Europe” possessing one single currency – a currency so strong that it will replace the U.S. dollar as the kingpin currency of world trade. (Hogberg G. EUROPE’S COMMON MARKET RISING WORLD COLOSSUS. Plain Truth, May 1971)
The Europeans do have their own currency, and while it has not yet replaced the dollar, the time will come when the world will NOT keep the US dollar as its primary reserve currency.
Of course, to replace the USA dollar it will take many nations to turn away from it.
But the USA has been pushing many to do so.
Instead of accepting USA tariffs and sanction ‘punishments’ and doing nothing, various nations have been taking steps.
For one example, Russia has been taking steps related to possible further monetary sanctions from the USA and SWIFT. Notice something from earlier this year:
February 14, 2018
Russian financial institutions are prepared to survive without access to SWIFT (The Society for Worldwide Interbank Financial Telecommunication) – the global dollar-based interbank payments network – should the US and European Union follow through with threats to cut it off, according to Deputy Prime Minister Arkady Dvorkovich.
“Certainly, it is unpleasant, as it will prove a stumbling block for companies and banks, and will slow down work. It will be inevitable to deploy some aged technologies for information transfer and calculations. However, the companies are technically and psychologically ready for the shutdown as this threat was repeatedly voiced,” Dvorkovich said, according to TASS and RT, adding that such a dramatic step would negatively corporations doing business in the US and Europe.
“In general, disconnecting Russia from SWIFT would be a crazy step on the part of our Western partners. It is obvious that for the companies which work in Europe and the US it would be harmful. And this applies not only to the shutdown of the service,” he said.
The US and European Union have been periodically threatening to disconnect Russia from SWIFT since 2014 (over SWIFT’s own objections), when the conflict in Ukraine flared up and the two powers introduced the first round of international penalties against Moscow for its alleged involvement. …
This wouldn’t be the first time the US has threatened to cut off a major ally from the international banking system (indeed, it’s a threat frequently leveraged against nations, like Pakistan, which will be added to a list of terrorism financing nations). Over the summer, it even threatened to expel China, it’s largest trading partner, from using dollars if it didn’t crack down on North Korea. In September, Russia received its latest SWIFT expulsion threat if it violated North Korea sanctions. https://www.zerohedge.com/news/2018-02-14/russian-deputy-pm-our-banks-are-prepare-survive-without-swift
The Russians already have their own alternative to SWIFT in place called MIR (watch also Is Donald Trump pushing Europe to Russia?).
Perhaps it should be mentioned that after US President Trump announced a reduction in US government money to go to Pakistan, Pakistan announced its intention to trade in Chinese yuan (see Pakistan to trade in yuan while launch of petro-yuan draws nearer).
Currently, the USA benefits from most international trade as most of the time nations use US dollars for trade. Every time a nation stops doing that, or reduces doing that, it has a negative effect on the economy of the USA.
As I have written before, there is a price to pay for US sanctions and they do affect the dollar.
The news items the past two days have basically confirmed our latest video which went live on Sunday as well as one from a couple of weeks ago:
A recent headline was “Is Trump Pushing Germany to Russia?” There have been comments by German and Russian leaders that they have aligned interests that Donald Trump opposes and need to take financial, military, and other steps to assist Europe. Russia and the EU (European Union) still support the Iran nuclear deal, Paris Climate accords, and the World Trade Organization, despite Donald Trump’s actions against them. Have there been comments to replace the USA’s SWIFT system by the Russians and Germans? What is Russia’s MIR payment system? What about talks for the EU to have trade and other arrangements with the EAEU (Eurasian Economic Union)? Did the old Radio Church of God foretell of the development of a Russian and German plan to eliminate the USA? Has Russia indicated that it wants Alaska back? Is the giving of USA territories to Russia by a coming European leader consistent with a prophecy in the Book of Daniel? Here is a link to our video: Is Donald Trump pushing Europe to Russia?
US Sanctions and Tariffs leading to New World Order?
Russian Prime Minister Dmitry Medvedev said new US sanctions would be a declaration of economic war. Iran, North Korea, China, Europe, and Turkey are also upset about USA sanctions and tariffs. A Turk asserted “Somebody must find a solution and stop the USA.” The BRICS nations see US sanctions and tariffs as helpful to their objectives to trade without the USA. Are “unintended consequences” of USA policies threatening the current Anglo-American world order and leading to a New World Order? What has ‘Lord’ Jacob Rothschild and Russian President Vladimir Putin stated? Does Bible prophecy show that a confederation of Turks, Arabs, and Europeans pose a real threat to the USA and UK? Is the final time of the Gentiles coming? Will it be worse than people imagine? Dr. Thiel addresses these issues and more. Here is a link to our video: US Sanctions and Tariffs leading to New World Order?
Furthermore, China also has been trying to come up with systems, including with gold backing, to avoid the US dollar (watch US Dollar being challenged by Gold-Petro-Yuan).
The USA has been pushing countries away from its currency. Plus, we see nations like Brazil and many in Europe and elsewhere who want to trade with those that the USA wants to sanction.
US President Trump’s tough talk in various areas (like trade and banking sanctions) are encouraging the EU, China, Russia, Pakistan, Iran, Turkey, North Korea, and Venezuela to take steps to protect themselves from aspects of his threats.
Notice also the following from Michael Krieger:
The Tectonic Plates of Geopolitics Are Starting to Shift
The United States is currently waging economic warfare against one tenth of the world’s countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of more than $15 trillion.
These include Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea and others on which Washington has imposed sanctions over the years, but also countries like China, Pakistan and Turkey which are not under full sanctions but rather targets of other punitive economic measures. …
I think history will show Trump’s decision to unilaterally scrap the Iran deal (JCPOA) was the catalyst that caused much of rest of the world to get serious about creating alternative financial rails on which to conduct global business. Nation-states the world over are coming to the obvious conclusion that it’s virtually impossible to execute independent foreign policy in the content of a global financial system so completely dominated by the U.S. …
We’re beginning to see the emergence of a global consensus related to two crucial geopolitical perspectives:
- A growing understanding that a world unilaterally controlled by an imperial U.S. which demands all other nations accept vassal status is no longer tenable.
- Recognition that a more multi-polar world cannot truly come into being without displacing, or at the very least creating, a viable alternative(s) to the USD-centric global financial system. …
I expect the world to be entirely different in structure by around 2025. https://libertyblitzkrieg.com/2018/08/27/the-tectonic-plates-of-geopolitics-are-starting-to-shift/
Michael Krieger may well be right that we could have a world with what would be considered an entirely different structure by 2025. The end of humanities 6000 years of human rule is getting closer and it will end with the final time of the Gentiles. This rise coincides with the end of the Anglo-American world order.
As I wrote before Donald Trump took office, there would be unintentional consequences of his actions and policies.
Notice statements from my book, Donald Trump and America’s Apocalypse:
Has or will Donald Trump affect Europe?
Yes.
He will do so in many ways, including several that few consider. …
Donald Trump’s foreign policy statements have unsettled many—in the U.S.A. as well as foreign nations. He seems like he will more unpredictable than Richard Nixon.
There is also something referred to as the “law of unintended consequences.” There are consequences for the U.S.A., Europe, and elsewhere that have and will occur because of Donald Trump’s statements and actions. (Thiel B. Donald Trump and America’s Apocalypse. Nazarene Books, 2017)
We are starting to see “fallout” (unintended consequences) of Donald Trump’s policies from Europe. Europe’s relationship will NOT continue in the future with the USA as it has been
Dethroning the US dollar will cause massive economic problems for the USA. Much more than almost anyone believes. The standard of living in the USA has been raised/subsidized for decades because of the status of the US dollar. That status is weakening. This will ultimately severely hurt the USA.
What will happen to the economy of the USA will be much worse than what happened to the UK when the pound sterling lost its status as the world’s primary reserve currency.
We are getting closer to the great tribulation (Matthew 24:21; see also When Will the Great Tribulation Begin?) and final time of the Gentiles (Luke 21:24) that Jesus spoke of.
Gentiles are taking steps that the Anglo-American nations will one day regret.
Some items of possibly related interest may include:
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
Gentile Cryptocurrency Proposal Two Russian leaders have called for a BRICS-wide and/or EAEU-wide cryptocurrency. This is hoped to be used to replace the US dollar for international trade. BRICS stands for Brazil, Russia, India, China, and South Africa. The BRICS nations represent 3.6 billion people. The EAEU includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Will Gentiles rise up? Are there any prophetic ramifications of what these nations are looking to do? This is a video.
Iran in Prophecy Is Iran in Bible prophecy? If so, what does the Bible teach? What names, other than Persia, may be used to describe Iran? There is also a related YouTube video titled Iran In Prophecy.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. A related sermon is titled: Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2026 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2018, 2019, or 2020? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation begin in 2018?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
WTO/TTIP and the Babylonian Beast Will international trade agreements like WTO/TTIP/CETA lead to the fulfillment of end time prophecies concerning the Babylonian Beast power that the Book of Revelation warns against? What does the Bible teach? A related video would be WTO Trade Deal and the Rise of the European Beast Power.
Spiritual Samaritans: Old and New Who were the Samaritans? Do the represent true Christianity or something else? Here is a link to a related sermon: USA in Prophecy: Samaria.
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel. Here is a link to a version of this article in Spanish: ¿Prueban los caracteres chinos la exactitud de la Biblia?
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? A YouTube video of interest may be Is China THE Threat to the United States of America?
The Eurasian Union, the Kings of the East, and Bible Prophecy Is there a Eurasian union that will be formed? Is one being formed right now? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? If some type of Eurasian union is formed, who might it benefit and who will it destroy? A related video would be Is The Eurasian Union Rising?
Russia and Ukraine: Their Origins and Prophesied Future Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end? There is also a video sermon available: Russia in the Bible and in Prophecy and a video sermonette available: Ukraine in Prophecy?
Is Russia the King of the North? Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North?
Ezekiel 38: For Russia & Iran in Our Day? Is Ezekiel 38 about to be fulfilled? A related video is available titled Ezekiel 38: For Russia, Ukraine, & Iran Now? Another could be Russia, Iran, Syria, & the Bible (Code).
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Is a Donald Trump presidency proving to be apocalyptic? Two related videos are available: Donald: ‘Trump of God’ or Apocalyptic? and Donald Trump’s Prophetic Presidency.
Trump Presidency Magic 8 Ball or Bible Prophecy? BBC reported that one might as well use a ‘Magic Eight-Ball’ to try to predict what will happen in the remaining time of Donald Trump’s presidency. What is a ‘Magic Eight-Ball’? Dr. Thiel not only explains that, but also briefly goes over 10 biblically-based warnings he wrote would happen if Donald Trump were elected that have already began to come to pass. He also goes over something he wrote back in 2008 that the Trump presidency is also helping lead to fulfillment. Should you trust Bible prophecy or not? Dr. Thiel says that Bible prophecy can be trusted, despite the view of skeptics and others that either overlook or despise the Bible. This is a video.
Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-Kindle Edition This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Donald Trump and America’s Apocalypse-Kindle Edition.
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