US wants to kick Iran out of SWIFT

[Birbal]

Wont work, the US holds the largest gold reserves in the world at 8133.3 tons. Compare that with PRC - 1054.1 tons, Iran - 907 tons, Russia - 871 tons etc.
GOLD

Obviously the US is not going to have its reserves in dollars.

Anyways, as longbrained pointed out, it doesn't make any difference how much gold the US has. What's important is that the US can't control gold trade the way it can control dollar trade. Additionally, a move away from dollar financing would make the dollar weaker, making it harder for the US to keep building its gold reserves.

 

[AZADPAKISTAN2009]

DON'T SUPPORT IT

 

[brahmastra]

Against Iran: Amrika, Izrael,UK,France,Itali,Spain,Turkey,Prtugal,Nedherland,Australia, Canada
With Iran:China,Russia,North Korea, Brasil
Neutral:India, Japan,South Korea,Pakistan

 

[Pakistanisage]

Against Iran: Amrika, Izrael,UK,France,Itali,Spain,Turkey,Prtugal,Nedherland,Australia, Canada
With Iran:China,Russia,North Korea, Brasil
Neutral:India, Japan,South Korea, Pakistan

The wimpy Pakistan Government may be nuetral, but not Pakistani people.

The Pakistani people stand shoulder to shoulder with their Iranian Brothers.

 

[longbrained]

SWIFT has finally decided to kick Iranian banks out of its system which makes any money transactions in and out of Iran impossible: WSJ: Swift Says It Will Ban Blacklisted Iranian Banks, Companies - WSJ.com