Tuesday July 9, 2019
It appears I have rattled some cages.
I recently appeared on RT to talk about how the United States weaponizes the dollar and wields it like a billy club to advance US foreign policy objectives. I specifically mentioned how the US can use the dollar-denominated SWIFT payment system as a tool and the threat that this kind of economic warfare poses to the US domestic economy.
A couple of days after the interview, I got a somewhat contentious email from Voice of America asking for my comment because they are “fact-checking” the web story RT published based on my interview. VoA is a US government-funded and operated media outlet.
The fact-checking arm of VoA (polygraph.info), asked if RT quoted me accurately. (They did.) The Polygraph reporter then stated, “We suspected there might be some inaccuracy because any expert on SWIFT would surely know that while the US has sought to influence it, it is primarily a European and European-based institution, which would of course limit the US’ ability to ‘use’ it as a weapon as the article states.”
SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. The system enables financial institutions to send and receive information about financial transactions in a secure, standardized environment. Since the dollar serves as the world reserve currency, SWIFT facilitates the international dollar system.