Topic: SWIFT ready to block Iranian bank transactions (Read 4193 times)

Much truth in few words.
See history of central banks in countries having recently "benefited" from U S democracy.

ITT: Someone who hasn't been paying attention to U.S. foreign policy for the last 50 300 years.

At this point, it's safe to say that anyone who's not an "enemy of the west" has canceled their subscription to reality.

Wasn't my idea for Iran to divorce itself from the world and become a pariah state. Iran has chosen to be an enemy of the west and declared economic war. Why on Earth would we encourage their economy in any way? They are simply paying the price for their actions.

What he said. The nukes are just a typical US/Rothschilds cover story (seriously, doesn't Afghanistan or Iraq ring your bells OP??).

Iran doesn't have a Rothschilds bank (nor does North Korea). I won't say more, cause I like breathing

Iran is on the hit list for the same reason as Iraq and Libya - to maintain the petrodollar and install a Rothschild central bank.

I come across a exchange site somewhere on here which i cant find now!!
where can you exchange bitcoin to a Shetab_Banking_account.?

The simplest method to boost Bitcoin in Iran - is to convince some loudmouth US senator that Iranians are already using Bitcoin to circumvent the blockade.
Senator jumps up and down and screams about how bad that is...  Iranians take note and flock to it.

As a US citizen I think this would be a felony. It is against the law to transfer money to or from Iran. At least I believe that is the case. 

I might be interested in writing something up if you can offer a few more details on who exactly you're planning to show it to and what exactly are their needs and problems.

The top being...?

In the meantime that's being confirmed, from SlashDot "Iran is being deleted from the world banking system Society for Worldwide Interbank Financial Telecommunication (SWIFT) computers as of Saturday at 1600 UTC."

http://abcnews.go.com/Business/wireStory/iran-cut-off-global-financial-system-15927666#.T2MwdREgffs
http://www.swift.com/news/press_releases/SWIFT_disconnect_Iranian_banks
http://blogs.voanews.com/breaking-news/2012/03/15/swift-to-expel-iranian-banks-after-eu-ban/

Iran already have alternative ATM network in place that other friendly countries started to accept: https://en.wikipedia.org/wiki/Shetab_Banking_System I would love to see dumps from Shetab magstripes if someone have the card. Also if someone here have a Iranian ATM card and are willing to donate the card to me, please write in PM.

Bitcoins can be good for Iran to 1. bypass western sanctions and 2. even more destabilize corrupt western economy and society. This will not be the end for Bitcoins but a next step forward.

If someone here can compose good and convincing letter to Iranian leaders explaining how Bitcoins can help Iran, I will try to deliver the message right to the top.

Is there a full moon tonight or your account got hacked? 

Related reading:
http://www.theonion.com/articles/iran-worried-us-might-be-building-8500th-nuclear-w,27325/

Gold and silver can't be sent long distances easily & cheaply. BTC could be useful middleman for faster trade.

For example, if a guy from western country wants to send money to Iran, it is not very easy with gold and silver. But it is very easy to send money with bitcoins. Then the receiving person just needs a way to convert those bitcoins to something else, like USD, gold and silver. Converting to Iran currency requires just one contact with a western bank account (tourist, visiting businessman). I guess converting from Iran money to bitcoins may be difficult, but other way around it should be easy 

Other point: the receiving end can just set up a account to some exchange. Then when he receives the bitcoins he can buy dollars with it, and keep the money on the exchange. That way bitcoin exchange rate risk avoided and the guy can have kind of "anonymous bank account".

It requires faith, but when other transmitting methods are difficult/forbidden/risky to your health, maybe people are ready to take the risks.

There is a lot of USD floating around Iran.  Just accept USD.

Iran will use its gold/silver to directly buy goods. BTC is an unnecessary middleman when gold/silver is involved.

BTC for oil is a viable option but there is a knowledge gap. Buyer and seller have to have faith in BTC.
 

I had to lol at that
Imagine SWIFT on Fax 15.000.000 Faxes per day? *5g of paper per sheet? Hmm ... makes 75t of paper. Save the rain forest! Don't kick Iran out of SWIFT!1!

Yes, but that is probably the short term effect of an over investment in shale gas technology.. someone is going to lose alot of money on shale gas. Many of the shale gas fields that were brough online only a few years ago are already starting to deplete. This was not expected. To keep up production there will need to be a massive continuous drilling program that certainly wouldn't be justified by current gas prices. Even as prices go up harvesting relatively small pockets of gas all over the place would require enormous invesment.

It may still be one of our better options, but it's nowhere near as good as oil was, unfortunately. People tend to underestimate the sheer scale of what the oil industry has delivered us - it may not be possible to replace.

I'm quite interested in LENR/cold fusion as there have been some promising experiments recently but probably nothing that will be ready for use anytime soon.

In the short term the oil crisis will be solved by the economy imploding and less people driving around or flying in planes.

Yes you are right, please do not trust mainstream media propaganda.
This does not mean that the world is running out of oil:
It would mean that we might be running out of the cheap pumpable oil that has fueled the economic development of the 20th Century.

Look at these and get back.

Part 1.
http://www.youtube.com/watch?v=umFnrvcS6AQ

or forward to end of part 3

Have a look from 3:20

http://www.youtube.com/watch?v=CFyOw9IgtjY

Part 4
http://www.youtube.com/watch?v=yQd-VGYX3-E

Part 5
http://www.youtube.com/watch?v=t-X6EpvWWu8

Part 6
http://www.youtube.com/watch?v=-3y7UlHdhAU


In 2010 the german government did a study of the consequence of the peak oil.
It might have been a worst case scenario it might not.
But why do you think they did that study?

http://www.spiegel.de/international/germany/0,1518,715138,00.html

And have a look at this:
http://www.youtube.com/watch?v=_qeRaBaPRmk

Now after watching these, do you think its an accident that of all the countires on earth, the US has been involved in wars with
almost only the ones that happen to be on the list of having the greates oil supply?













 

This is pretty interesting, but actually I think it will end up hurting SWIFT more than Iran.

All swift actually does is allow messages to be securely exchanged between banks. They don't need to use it and if they suddenly can't use it - some workaround will be devised which, once in use might turn into a long term swift competitor that can be used by other countries as well.

It will still be possible for Iranian banks to access their correspondent accounts at banks they do business with - it just means they won't be able to use SWIFT to communicate with those banks anymore.

Initially they'll proably have to resort to fax and telephone or even email but soon some other platform will be developped - maybe just some form of online banking that works over the internet the same way our personal accounts do. Or maybe a standardized web services API. All they need to do is be able to see when a payment comes into the foreign bank so they can credit their local customer, or pay someone that their local customer wants to pay. SWIFT isn't really that great anyway and if an alternative is developped it will probably end up being much cheaper.

One thing I read is that Iran's ATM network is linked to the ATM network in Bahrain and maybe some other gulf countries so presumably people living there can easily funnel money into /out of Iranian banks using the ATM network.

http://en.wikipedia.org/wiki/Shetab_Banking_System

To understand how pointless this is - someone in Iran can probably just setup an account (either create a Ltd company or maybe even just a personal account) at a bank in Bahrain or Dubai and withdraw cash at ATMs inside Iran over the Shatab system.

It's almost impossible to replace a centralized system without a war