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December 4, 2016 / 4 Kislev, 5777

Posts Tagged ‘transactions’

SWIFT Refuses to Suspend Israel, Russia

Tuesday, October 7th, 2014

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced it will not buckle to pressure to disconnect Israel – or for that matter, Russia – from its international transaction system.

“SWIFT regrets the pressure, as well as the surrounding media speculation, both of which risk undermining the systemic character of the services that SWIFT provides its customers around the world. As a utility with a systemic global character, it has no authority to make sanctions decisions,” the group said in a statement released on Monday.

“SWIFT services are designed to facilitate its customers’ compliance with sanctions and other regulations, however SWIFT will not make unilateral decisions to disconnect institutions from its network as a result of political pressure,” the communique said.

The international Boycott, Divestment & Sanctions (BDS) movement has been trying to pressure the system – as well as numerous corporations and other systems – to boycott Israel in an attempt to destroy its economy. BDS supporters are hoping that through economic destruction, Israel will be forced to withdraw from territory it won in the defensive war forced upon it by Arab nations in 1967 – including numerous Jerusalem neighborhoods restored to the Israeli capital since that time.

Disconnecting Israel from SWIFT would isolate its economy from international trade. However, the Brussels-based SWIFT is incorporated under Belgium law, the system noted, blocking it from making such unilateral decisions.

“Any decision to impose sanctions on countries or individual entities rests solely with the competent government bodies and applicable legislators. Being EU-based, SWIFT complies fully with all applicable European law,” the statement said.

Last month, the SWIFT system transmitted more than 21 million financial messages per day between more than 10,500 financial institutions and corporations, in 215 countries, according to the RT news site.

Over the summer there were discussions among EU leaders on whether to consider disconnecting Russia from the SWIFT system as means of pressuring Moscow into backing away from the Ukraine conflict.

Hana Levi Julian

An Even More Centralized Israel: Cashless and Criminal

Wednesday, September 18th, 2013

Centralization in Israel is a two-headed coin (or perhaps a two-headed monster).

There’s no doubt, that so many bureaucratic activities go much smoother in Israel than they do in America, because we have ID numbers and our cards are inter-linked to everything. Of course, sometimes that doubles the frustration when obvious things need to be manually duplicated over and over for no reason.

On the other hand, that centralization provides no flexibility or a safety net. Having problems with one government office can easily spill over to an unrelated one, since you’re linked together everywhere on record.

Then there is the basic issue of personal privacy and civil liberties.

And now, the Israeli government is attempting to implement two extreme decisions that threaten civil liberties more than ever.

They’re testing a biometric ID system. God forbid that should ever become mandatory.

Right now, even though your personal bio-data is out there with different organizations, there is still some semblance of privacy and protection because of the separation that naturally exists between your health fund, the army, the government, and so on.

But once that goes away, there goes your privacy. You will have no control over your personal information at all, and you’re reliant on the government, which as we know, is not the most effective of protectors of personal data.

The other move is even scarier.

The Israeli government is actually considering trying to find a way to abolish cash.

There was a unanimous cabinet decision to explore how to do that (Hey Naftali Bennett, I didn’t vote for you to lose my civil liberties – remember that come election time).

They want to get rid of cash, and give everyone rechargeable “cash cards” that will allow the government to track every single transaction you do. EVERY. SINGLE. TRANSACTION.

I can’t even begin to describe the civil liberties and privacy violations that implementing this system will create.

And if they actually believe this will get rid of cash, or the black market, they’re even stupider than I thought.

Bitcoin, gold, barter… you name it. Smart (and dumb) people will find their way around it. Not to do illegal transactions, mind you, but simply to protect their privacy away from the government’s snooping eyes.

And then we’ll all be criminals, because of a dangerous legislation which is an intrusive attempt to suck more tax money out of us and spy on us, and not just spy directly, but with data mining too, to study our purchase and transaction behavior, and find every last penny they can suck out of us and understand what we do with it.

I guarantee one thing. If this legislation passes, if the party I voted for, and the ones I didn’t, don’t stop this in its tracks, I will do everything (legal) to make sure those people do not get elected again, and be replaced with people who do care and understand the importance of civil liberties and fear the tyranny of government.

JoeSettler

Printed from: http://www.jewishpress.com/blogs/muqata/an-even-more-centralized-israel-cashless-and-criminal/2013/09/18/

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