Rattling Cages in the Propaganda War

By Mike Maharrey

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 U.S. foreign policy objectives. I specifically mentioned how the U.S. can use the dollar-denominated SWIFT payment system as a tool and the threat that this kind of economic warfare poses to the U.S. 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 U.S. 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.

SWIFT and dollar dominance give the U.S. a great deal of leverage over other countries.

I didn’t respond to the Polygraph request because it’s clear that I am going to be cast in a bad light and my statements questioned. And I can tell you before they publish their article at least one fact they will present. They will tell you, “A U.S Treasury Department official confirmed to Polygraph.info that the U.S. does not control who SWIFT removes from its system.”

I know VoA will say this because it already has. I pulled that line from a 2017 VoA fact-check on a story relating to SWIFT locking a Russian bank out of the payment system.


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