mo4ch:>US is using SWIFT as a kind of ‘billy club’ in its foreign policy, expert tells RT | Mo4ch News

Countries across the world seeking to wean themselves off the US dollar is a “matter of self-defense,” according to Mike Maharrey from the Tenth Amendment Center. It will have a very negative effect on the US economy, he told RT.To cut their use of the dollar, countries will have to avoid using SWIFT, the world’s largest payment system, which is used by 11,000 financial institutions in 200 countries, and is heavily reliant on the greenback.Maharrey says that while SWIFT claims to be politically neutral, “it’s very obvious that SWIFT is being used by the US and other Western powers as a tool for economic diplomacy.”Also on rt.comUS to punish anyone using EU's alternative payment system with Iran to skirt sanctionsMaharrey, the national communications director at the Tenth Amendment Center social movement, explained that “the US has used the SWIFT system as kind of a billy club, as an instrument of foreign policy.”He noted that it’s just a “natural reflex” for countries that are on …