Podcast HackWhat is SWIFT?By Stuff They Don't Want You to Know, Ben Bowlin, Matt Frederick, Noel Brown
In a Nutshell
In this March 2022 podcast, discover how the SWIFT financial system works and what Russia's partial expulsion could mean for international politics and our daily lives.
Favorite Quote
The global international order has, in retaliation for the Ukraine invasion, removed Russia's ability to speak the common tongue of global money.
Ben Bowlin
Introduction
On March 2nd, 2022, following the Russian invasion of Ukraine, the EU announced the exclusion of seven Russian banks from the SWIFT financial messaging system.
Commentators have described expulsion from SWIFT as the 'nuclear option' of economic sanctions against Russia. But what is SWIFT, and what are the likely effects of the sanctions?
In the Stuff They Don't Want You To Know podcast, hosts Ben Bowlin, Noel Brown, and Matt Frederick investigate conspiracy theories and unexplained events.
This March 2022 episode explores Russia's expulsion from SWIFT, covering what the system is, how Russia prepared for its eviction, and the likely consequences.
Here are the 3 key insights from this Hack
- 1.SWIFT is a messaging system, not a payments system
- 2.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.
- 3.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.
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