In today's globally-connected financial system, it's pretty easy to send money from one place to the next, across most of the planet -- and that's all thanks to a system called the Society for Worldwide Interbank Financial Telecommunications, or SWIFT. Many people outside of the world of finance only heard about SWIFT recently, when the US and Europe declared they'd remove Russian banks' ability to access the system. What does that mean, exactly? Why was it described as a 'nuclear' option in economic warfare? And why did some European countries hesitate to pull the plug?

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In today's globally-connected financial system, it's pretty easy to send money from one place to the next, across most of the planet -- and that's all thanks to a system called the Society for Worldwide Interbank Financial Telecommunications, or SWIFT. Many people outside of the world of finance only heard about SWIFT recently, when the US and Europe declared they'd remove Russian banks' ability to access the system. What does that mean, exactly? Why was it described as a 'nuclear' option in economic warfare? And why did some European countries hesitate to pull the plug? Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>

From UFOs to psychic powers and government cover-ups, history is riddled with unexplained events. You can turn back now or learn the Stuff They Don't Want You To Know ... an audio podcast from iHeartRadio.

From UFOs to psychic powers and government cover-ups, history is riddled with unexplained events. You can turn back now or learn the Stuff They Don't Want You To Know ... an audio podcast from iHeartRadio.

Stuff They Don't Want You To Know

From UFOs to psychic powers and government conspiracies, history is riddled with unexplained events. You can turn back now or learn the Stuff They Don't Want You To Know ... an audio podcast from iHeartRadio.

From UFOs to psychic powers and government conspiracies, history is riddled with unexplained events. You can turn back now or learn the Stuff They Don't Want You To Know ... an audio podcast from iHeartRadio.

What is SWIFT?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/520837be-bde6-4216-98c0-ae55013695d0/transcript

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