Indian Economy News & Discussion - Nov 27 2017

[drnayar]

https://gcaptain.com/china-issues-first ... al-waters/

In a watershed moment for maritime telecommunications regulation, Chinese authorities have penalized a foreign vessel for illegally operating SpaceX’s Starlink internet service within territorial waters — the first enforcement action of its kind that signals Beijing’s determination to control satellite communications in its maritime jurisdiction

[drnayar]

The SWIFT is just a big con game of western countries and companies especially to maintain the global currency status of the USD

It is the British "Indian railways" of the currency world designed to transfer wealth to the US

@drnayar ji,

It didn't start that way. It is being misused by the US now. And EU. They have two development centers. The main one is in Culpeper, VA, US, and the other is in La Hulpe, Belgium. Software/Hardware architecture of the entire SWIFT network is excellent, and their data retention locations are very well chosen. Even in the case of world wars and nuclear exchanges, they will survive unless the top executives of the US are taken out. That is why Culpeper had been chosen. I don't know much about La Hulpe, but I presume that the reasons were the same.

The project started back in 1985 or a little earlier. By 1987, country servers were up in most of the Western world. India had a server in Mumbai integrated into the network in the 1989-90 timeframe.

It worked well all these years without using it as a tool of coercion. 9/11 changed everything. The geopolitics is different now.

thank you for putting it in context, vayutuvan ji