Society for Worldwide Interbank Financial Telecommunication

(MPN) In 2011, a Swiss study confirmed what many already knew or suspected: bankers run the world. The study, completed by the Swiss Federal Institute of Technology in Zurich, found that “a large portion of control flows to a small tightly-knit core of financial institutions,” essentially forming a network of global corporate control.

Whether Russia’s aim in creating and implementing an alternative to SWIFT is based chiefly on protecting its own economy or not, the move further illustrates how the concentration of international power is steadily moving eastward. (Photo: Mikhail Voskresensky/Sputnik)