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/biz/ - Business & Finance


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53224488 No.53224488 [Reply] [Original]

I can't get it out of my head. How are transfers exceeding for example $100M done? Take the government as an example. If the budget for current year states that military gets $800bn who EXACTLY hands them the money? Is there some government employee who just does a bank transfer? What if someone just said 'lol lmao" and transferred it to his own account in some Caribbean shithole? Maybe that's an exaggeration, but I can't see how this can be bulletproof. There must have been someone who tried something like that in the history of USA. Please shed some light on this, Google and Quora are garbage.

>> No.53224507

>>53224488
Dunno about government, but banks use Swift.

>> No.53224511

>>53224488
Do you understand how checks work? Then you'd realize how retarded someone "just taking the money" is.

>> No.53224524

>>53224488
Imagine

>> No.53224549

>>53224511
So the government just writes a check for someone in the DOD for $800bn and they go to the bank to realize it?

>> No.53224608
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53224608

>>53224507
Well Swift is a technology not an entity to check if the transfer is rightful

>> No.53225116

>>53224488
Death By Snu Snu

>> No.53225216

>>53224608
Web3.0 games are getting so real!

>> No.53225708

>>53224488
its funny how this guy could beat the shit out of that woman without breaking a sweat.
the genders are too unbalanced.

>> No.53225753

>>53224524
The

>> No.53225784

>>53224488
Why didn't he just bury his face in her tits?

>> No.53225785

>>53224488
That porn would be so cash

>> No.53225801

>>53225784
he took a few glances at her tiddies

>> No.53225926

>>53224608
Better than avatar ngl

>> No.53226118

>>53224608
Glad they made it

>> No.53226192

>>53224488
I worked in oil and gas in Iraq for a major International Oil Company who produced oil for the Iraqi Govt under a technical services contract. We were paid our expenses plus a fixed amount of cash per barrel of oil we produced.

The Iraqi Central Bank would wire funds from their oil sales from their central bank to Bank of Mellon in NYC. Currency was USD (petro dollars).

Bank of Mellon would manage those petrodollars (Iraq makes about $5-8 billion a month) - take out the money Iraq owed in reparations the US and Kuwait for "starting" the war with Kuwait; take out handling fee; and then Bank of Mellon would put that money into an account the Iraqi Central Bank would draw done on for their bills.

Our IOC would submit our bills (our drilling and security costs, etc ) to the Ministry of Oil. The Ministry of Oil would verify the costs (argue with us about our expenses such as drilling costs, security costs, life support costs, medical costs, travel costs, etc....sometimes for months if they felt the costs were too high) and then finally pay us IF they had received money from Bank of Mellon in Jew York.

It was pretty fucked up. Now I see why Iraqis are so poor. Their government try to make it look like they are tough and strong but the bankers in Jew York have them by the short and curlies.

>> No.53226242

>>53225708
MMA is not real, faggot. Same as boxing

>> No.53226270

>>53226242
Imagine being this stupid

>> No.53226308

>>53224608
Nice GIF. Somehow I got invested in the plot, retarded and nonsensical as it was. But let's stop speaking about Avatar

>> No.53226435

>>53224608
truly a gripping story. a work of art.

>> No.53226449

>>53224488
Who is she

>> No.53226795

>>53224488
please sex with large female

>> No.53227979

>>53224488
They're now using crypto for massive transactions. That's why you can never go wrong with investing in crypto payment tokens like Bnb or Xpress. Watch how they become the money printers of the bull season.