Iran Deleted From the World's Banking Computers
dtjohnson writes "Iran is being deleted from the world banking system Society for Worldwide Interbank Financial Telecommunication (SWIFT) computers as of Saturday at 1600 UTC. Once the SWIFT codes for Iranian banks are deleted, Iranian banks will no longer be able to transfer funds to and from other worldwide banks, turning Iranian international commerce into a barter operation. SWIFT is taking the action at the request of EU
members to comply with international sanctions against Iran due to its program to develop nuclear weapons. The effect will be to drastically hinder Iran's ability to execute international business transactions."
The whole reason that Iran and North Korea even began pursuing nuclear weapons is because of that incredibly stupid "Axis of Evil" speech that George Bush made in 2003. When the largest military power in the world labels you as one of three "Axis of Evil" members, then proceeds to invade one of the other two, it tends to make you a bit twitchy. And, both Iran and NK know that the only way to really protect yourself from U.S. invasion is with nuclear weapons.
Due mainly to Israeli and U.S. propaganda, a lot of people seem to think that Iran is building nukes to attack Israel. But the fact is that Iran has never shown itself to be a particularly hostile or irrational nation in any military sense. And even despite the anti-U.S. rhetoric that followed the revolution that overthrew the U.S. puppet shah and the U.S. helping Saddam Hussein during the Iraq/Iran war, Iranians have been surprisingly open to U.S. diplomacy in the past. They were even one of the first countries to offer the U.S. condolences after the 9-11 attacks, and in the pre-Bush years maintained a stable, if sometimes tense, relationship with the U.S. They're a country that seems to want to be liked on the world stage. But they're also a country that wants to send a message to the U.S. that they're not going to stand by and be invaded on some U.S. oil grab.
So we cut off their banks and hit them with sanctions. Fine. A lot of Iranian people will suffer. And maybe this will lead them to negotiate, maybe not.
But you know what I bet would ABSOLUTELY lead them to negotiate and drop their nuke program?
1) Offer a few public goodwill gestures to make it clear that the U.S. is *not* going to invade them or attack them
2) Tell Mossad to stop assassinating their scientists, or face sanctions of their own.
3) Reign in Israel and make it clear to them that attacking Iran will NOT be tolerated, and will cost them the friendship of the U.S.
4) Normalizing relations with Iran.
You do those four things, and you won't need to cut off their banks to get them to the table. They'll be *running* to get to the table.
SJW: Someone who has run out of real oppression, and has to fake it.
They become a full nuclear power. Do we sit down and talk, then play nice with them?
Right. Because invading a country with ICBMs will work out so much better.
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It's about dollar-backed oil.
Cutting iran off SWIFT may lead to development of new messaging system between Iran, Russia, China etc. This would make banks of those countries less dependent on western entities.
"...wait for March 20, when the Iranian oil bourse will start trading oil in other currencies apart from the US dollar..."
http://www.atimes.com/atimes/Middle_East/NB17Ak04.html
(No, I haven't read the full article, it was linked on wikipedia ( http://en.wikipedia.org/wiki/Iranian_oil_bourse#Opening )
Israel on the other hand, with all the nukes they have, gets a free SWIFT pass.
Even if Iran owned a nuclear weapon, they wouldn't want to nuke Israel. The mosque in Jerusalem is the second holiest in the Muslim world, after Mecca. Nuking Israel would mean the destruction of a holy Muslim city.
So... just use Paypal?
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SWIFT is a co-operative society under Belgian law, which its shareholders own and control
Just in case you didn't think global capitalism and corporations were significant, here's a good reminder.
While I don't like Ahmadineyad because after all he is a ruthless dictator, he never really said that Israel should be destroyed:
http://www.projectcensored.org/top-stories/articles/24-media-misquotes-threat-from-irans-president/
It's just one more example of media manipulation for the generation of hatred to later justify an invasion and/or screw-up of a country.
Came across this the other day....
I would want Nukes if I saw this.
http://www.conspiracyuk.co.uk/iran-who-is-threatening-who/
try this
It backs terrorist groups in Palestine, Israel, Iraq, Egypt, Turkey,etc,etc. Then again we made nice with Qaddafi before we starting shooting his own people and he blew up a US airliner and bombed a cafe full of US soldiers.
If you really want to get an idea of bizarre US policy look at Cuba. Cuba hasnt sponsored Terrorism in 40 years and is still embargoed while we did business with Qaddafi and Iran. Americans can visit North Korea a country we are still technically at war with but they cant visit Cuba a country we were never at war with and we are one of their largest trading partners.
Actually, he isn't a dictator. The Supreme Leader is the one actually in charge.
How do you track when someone swaps 100 tons of wheat or 100 bars of gold for some barrels of oil? You can't. If you "let" them use the international monetary system, you have a means of tracking all their activites. Follow the money and you find the bad guys. Giving them a pass on that lets them trade with whomever they want without any trace.
I want to delete my account but Slashdot doesn't allow it.
Obama already reached out to Iran. He began his presidency apologetically acknowledging U.S. involvement in a coup that happened more than 50 years ago. He then offered bilateral negotiations that, predictably, failed miserably (that was the whole plan of two-party talks, to blame the mean Americans and walk out). And, of course, Obama didn't support the 2009 uprising (when protesters were yelling, "where are you Obama?"), and has continued the blacklisting of Mujahedin-e Khalq (or MEK), the Iranian dissident movement as a terror organization, so as not to upset the Mullahs.
And what did Obama get for his "goodwill" as you put it?
Continued lethal Iranian assistance to guerrillas killing Americans in Iraq and Afghanistan; a plot to assassinate the Saudi ambassador by blowing up a Washington restaurant; the announcement by a member of parliament of Iranian naval exercises to shut down the Strait of Hormuz; undoubted Chinese and Russian access to a captured U.S. drone for the copying and countering of its high-tech secrets.
It's worked great! Let's try appeasement again. Because this time will be different.
Slashdot "libertarians": Small government for me, big government for those I disagree with. -1, I disagree with you
The SWIFT system was constructed by the west to manage bank transfers. You can be sure that Iran will alternatives to it - just as Iran has found alternatives to every other sanction the US has imposed ove more that 30 years. So what the west is actually doing is facilitating the deconstruction of a once universal system, and facilitating the construction of an alternative that the west does not control.
It's a piece about what can happen when you rely on someone to manage a computer system for all of your international banking transactions. I get that there's an enormous political undercurrent to it, but at heart it's a "[group] is being deleted from the [computer system] at the request of [political entity] which will massively hinder their [online activity]. Insert Pirate Bay, political blogger, science blogger, etc.
Besides, the wording is pretty neutral. It's not like it said "The extremely dangerous and paranoid Iranian government is being cut off by the financial world in an attempt to prevent them from continuing to build high-yield nuclear weapons to destroy The World with."
Iran, after just yesterday celebrating the aniversary of being 'very extremely close to building the bomb now' for 20 years, now announced that the Iranian gouvernment has ordered to cease all of the countries nuclear operations and research and inmediately focus all resources in building a rating agency.
The rating agency is being constructed in downtown Teheran as we speak and is due to be finished in 8 weeks, when offices will be furnished and the first analysist - fresh graduates from the Abda-alla-hap Business School - will move in. Stockmarkets throughout the western hemisphere plumeted as the news struck and the UN has summoned an emergency security concil meeting for tomorrow morning.
Iranian President Mahmud Ahmadinedschad, in a speech this morning, threatened western powers with saying 'we will rate all infidels with B- or lower'. His word could hardly be heard through thousands and thousands of bearded and veiled muslim ultrafanatics cheering in the streets and in parliament. Israeli gouvernment and military officials have declared Defcon 3.
We suffer more in our imagination than in reality. - Seneca
Monday is the Persian New Year, the biggest Iranian holiday. Guard may be lower that day. Also the less fatalities if fewer people working at the nuclear sites.
Cuba wasn't embargoed because it was sponsoring terrorists. It was embargoed because they were in bed with the USSR, a fully communist devoted country at the time. Having the USSR try to place strategic nuclear weapons 90 miles off the coast of the US didn't help. Cuba was a proxy for disagreements between the USA and USSR.
That you think it has anything to do with terrorists is laughable. The policy is only bizarre to you because you clearly have absolutely no idea what you are talking about.
I have implemented SWIFT for investment banking ETL- let me preface this by saying most back-office investment banking ETL operations are not standardized and generally a mess. SWIFT is a relatively new standard schema. You will still absolutely be able to get pricing on an Iranian bond from Bloomberg. Money is far more important than poitics in the financial world.
A CUSIP or ISIN is the unique identifier for securities. When you want to know how much your security is trading for or what the options spread looks like, you use that identifier- and a company like Bloomberg or Reuters will send you back the data for a fee. That request/response may be in a SWIFT format- but I can tell as of right now, you certainly don't have to use that. every market data providers format is different, SWIFT is just a relatively recent attempt at a standard.
So really- this will have no effect. Even if Bloomberg where to stop pricing Iranian securities, they're still worth something on an exchange- and some market data provider is going to tell you how much that security is worth. And you'll still be free to trade it.
No matter how nice or mean we are to Iran has no bearing on the fact that it's in their nation's best interests to wield nuclear weapons as a deterrent vs. US invasion. Obama has done pretty much what Bush was doing - fucking up in the Middle East because he doesn't grasp the very basic concepts of the rights of states to determine their own government. You can't just give someone a Democracy - it must be willfully EARNED. Iran's sovereign right to be a country run by zealous Muslim imams is tragic, but it's still their right to be Holocaust-denying jackasses.
Remember kids, if you're not paying for the service, YOU ARE THE PRODUCT THAT IS BEING SOLD.
Khatami(the closest thing Iran has had to a moderate and the only honestly elected president Iran in the last 40 years) wanted to normalize relations with the US in 2003. Iran hated Al Queda who they view as an enemy and a rival for power. In 2003 iran was willing to do everything the US wanted(including fighting al queda,stopping support of hamas, full cooperation with the IAEA) in exchange for normalized relations and "mutual respect". A detente with the US would have likely strengthened Khatami's power base in Iran.
http://www.washingtonpost.com/wp-srv/world/documents/us_iran_1roadmap.pdf
Bush wanted iran to capitulate to all US demands first instead of "mutual respect"
If the US and UK hadn't intervened and overthrown the democratically elected government of Iran just because said government decided it was going to kick out the Anglo-Iranian Oil Company (one of the ancestors of the modern BP oil company) and take full control over Iranian oil, its likely that Iran would have continued as a democratic constitutional monarchy instead of becoming the strict Muslim state it is today.
I would have a system in place to render their oil useless at a moment's notice. Seems a lot more attainable than a nuke.
They can not. That is the point of this. The idea is to put enough pressure on this gov. that they collapse. A very nice theory. Sadly, nations like zimbabwae, Iraq, and Libya have shown over and over that other nations will happily cheat.
I prefer the "u" in honour as it seems to be missing these days.
You do realise that Jerusalem is considered by Muslims to be a holy city? No, thought not...
What program? What evidence.
I know many believe that's the case, but there's no conclusive evidence - at least none that isn't the "just trust us wink-wink, our all knowing leaders would never lie to you, and we're perfectly trust-worthy" kind. You know, don't let the problem of actual *evidence* worry your pretty little head. Leave that to the big serious folks. [Who incidentally have financial ties to the military-industrial complex and are hauling home cash by the truck-load.]
Second - they have a right to pursue a nuclear program. [They've signed agreements not to pursue a weapons program.]
So, it seems really crazy to demand that the Iranians prove the impossible. True or not, they will NEVER be able to prove they aren't working on a nuclear weapons program. I mean, sheesh, if Iraq couldn't prove there was no WMD program when there really WAS NO CREDIBLE EVIDENCE WHAT-SO-EVER that they were, how could Iran hope for any better?
Proving a negative is always a losing battle...
[You know why Elephants paint their toenails red, don't you? Because they can hide in Cherry trees! You've never seen one, have you? See, it works!]
What Iran is really doing, I'm not sure. But I don't think anyone else is SURE either. So, we simply have to live with not knowing for sure.
Finally, I'm really not sure what gives the rest of the world the right to demand that a sovereign country stop doing developing any nuclear program.
It's OK if the west, or our friends do it, but you're EEEEVVVIIILL brown skinned muslims, so everyone must be *very* afraid!
I'm sure it won't be a good thing, but frankly, ANYONE having nuclear weapons is a bad thing. But it's kind of hard to ask "them" to give up the opportunity when you and all your friends have so thoroughly enjoyed it yourselves.
"international sanctions against Iran due to its program to develop nuclear weapons."
always remember: the united states, nor the UN, nor the IAEA have any proof at all that Iran is developing nuclear weapons. its subtle changes in the wording that will inevitably lead us all to conclude this is the case however.
Good people go to bed earlier.