 | | | 
28.02.2022, 13:32
| Junior Member | | Join Date: Jul 2017 Location: Zurich
Posts: 89
Groaned at 26 Times in 16 Posts
Thanked 85 Times in 33 Posts
| | Re: World War 3 or just a local spat in Ukraine?
Watch this video...all these people forced to leave their homes, their jobs, their life, cramped into a train for what? Because of the mental sickness of a barbarian who wants to recreate the Russian empire. https://www.youtube.com/watch?v=PcOav_-kkx8 | 
28.02.2022, 13:50
|  | Forum Legend | | Join Date: May 2008 Location: Kt. Zürich
Posts: 12,381
Groaned at 721 Times in 605 Posts
Thanked 24,090 Times in 12,615 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | | And the best part is, this is just the beginning
Putin has turned an economic midget into an economic desert. | | | | | List here of major Russian companies London listing share prices, even Gazprom is down 35% in five days, Rosneft down 60% in 12 days.
| 
28.02.2022, 13:51
|  | Forum Legend | | Join Date: Sep 2006 Location: Zürich
Posts: 9,038
Groaned at 393 Times in 270 Posts
Thanked 13,772 Times in 4,716 Posts
| | Re: World War 3 or just a local spat in Ukraine?
BBC report official Russian news agency website tass.com was hacked this morning with an anti-war message. The site is now closed…
| This user would like to thank AbFab for this useful post: | | 
28.02.2022, 14:16
|  | Forum Veteran | | Join Date: Oct 2011 Location: BL
Posts: 1,282
Groaned at 235 Times in 170 Posts
Thanked 4,613 Times in 1,745 Posts
| | Re: World War 3 or just a local spat in Ukraine?
More and more wonderful news pouring in!
"In aggressive move, US will cut off Russia's central bank from US dollar transactions
“Putin’s war chest of $630 billion in reserves only matters if you can use it to defend his currency, specifically by selling those reserves in exchange for buying the ruble.”
“After today's actions that will no longer be possible, and fortress Russia will be exposed as a myth.”
Or the alternative title could be "how to turn USD 660bn into 0 in the shortest time possible" https://edition.cnn.com/2022/02/28/p...und/index.html | This user would like to thank gaburko for this useful post: | | 
28.02.2022, 14:42
| Forum Legend | | Join Date: Feb 2010 Location: Kt.Zh
Posts: 12,166
Groaned at 487 Times in 402 Posts
Thanked 19,073 Times in 9,648 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | |
Dear EU citizens, a reminder list of local politicians in your country of origin that have flirted with Putin in the last 20 years: https://www.politico.eu/article/vlad...-viktor-orban/
Until a few days ago, Marine Le Pen blamed the US for Russia reading 100+K soldiers to attack Ukraine. Even more recently Alex Salmond, Scottish politician had a show in Russia's English media (Russia Today). Matteo Salvini was even recorded on video telling "euro leaders have to be idiots to fight Russia" after the invasion of Crimea. Former German chancellor Gerhard Schröder has supported Putin and describing him as "flawless democrat". And the list doesn't stop there.
It's almost unbelievable that Putin put a lot of effort in networking with European politicians, only to burn everything in less than a week. The former friends pretend nothing ever happened and want to continue their careers. Hopefully, not. | | | | | Is treason not a crime anymore? They betrayed their own people let alone an abstract concept like EU...and for what, obviously for money and connections. It is more than corruption there, I would call it state treason.
| The following 2 users would like to thank greenmount for this useful post: | | 
28.02.2022, 15:02
| Forum Legend | | Join Date: Apr 2008 Location: Zurich
Posts: 4,160
Groaned at 80 Times in 59 Posts
Thanked 4,435 Times in 2,390 Posts
| | Re: World War 3 or just a local spat in Ukraine?
According to various analysts, the Russian National Bank doesn't actually hold any foreign currency reserves (in the form of bank-notes, if you want), but they are rather in the form of foreign debt/bonds.
If you shut of Russia, these could all default.
Which is a bit ugly, because it's quite a lot of money actually.
As usual, European politicians, who don't seem to be able to plan ahead for a couple of weeks, are trying to catch up to a plan prepared over at least eight years...
| This user would like to thank rainer_d for this useful post: | | 
28.02.2022, 15:06
| Forum Veteran | | Join Date: May 2021 Location: Vaud
Posts: 963
Groaned at 210 Times in 138 Posts
Thanked 1,621 Times in 677 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | |
As usual, European politicians, who don't seem to be able to plan ahead for a couple of weeks, are trying to catch up to a plan prepared over at least eight years...
| | | | | No compliments to the local politicians... but if this was the best that Putin could do over eight years...
| 
28.02.2022, 15:09
|  | Forum Legend | | Join Date: Jan 2007 Location: Kanton Luzern
Posts: 18,437
Groaned at 821 Times in 640 Posts
Thanked 28,607 Times in 11,564 Posts
| | Re: World War 3 or just a local spat in Ukraine?
Switzerland have now adopted the EU sanctions and frozen Russian assets.
Excellent news ! https://www.reuters.com/world/europe...ia-2022-02-28/ | The following 4 users would like to thank Tom1234 for this useful post: | | 
28.02.2022, 15:20
|  | Forum Legend | | Join Date: Oct 2019 Location: Suhr, Aargau
Posts: 5,579
Groaned at 105 Times in 96 Posts
Thanked 8,182 Times in 3,834 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | | | | | | | Anyway, neutrality was going to get a lot of bad rep since the Chinese government are currently selling their "we're neutral" idea. | Quote: |  | | | Although the US and some other Western countries are trying to handle the current situation in Ukraine with waves of sanctions against Russia and questioning Beijing's neutral stance, China has once again clarified its neutrality and the reason to the EU, France, Germany and the UK as to why it opposes sanctions ahead of the UN Emergency Special Session on Sunday.....China's stance of neutrality is important because if there is one country that can one day effectively mediate the conflict, that country should be one with real neutrality and which respects Ukraine's sovereignty and also did not follow the West in sanctioning Russia and harming the livelihood of Russian people. | | | | | Via CCP official media (global times) https://www.globaltimes.cn/page/202202/1253364.shtml | Quote: | |  | | | As usual, European politicians, who don't seem to be able to plan ahead for a couple of weeks, are trying to catch up to a plan prepared over at least eight years... | | | | | Are we still in the Putin is a genius, all others are woke, decaying and spineless phase?
| 
28.02.2022, 15:22
| Forum Veteran | | Join Date: Oct 2017 Location: ZH
Posts: 2,196
Groaned at 39 Times in 35 Posts
Thanked 4,419 Times in 1,765 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | | Let's play a game, fill out the blanks: | | | | | Ok you had me, I had Switzerland in there.
| 
28.02.2022, 15:26
|  | Forum Legend | | Join Date: Jan 2008 Location: SZ
Posts: 4,089
Groaned at 399 Times in 285 Posts
Thanked 8,790 Times in 3,758 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | | More and more wonderful news pouring in!
"In aggressive move, US will cut off Russia's central bank from US dollar transactions
“Putin’s war chest of $630 billion in reserves only matters if you can use it to defend his currency, specifically by selling those reserves in exchange for buying the ruble.”
“After today's actions that will no longer be possible, and fortress Russia will be exposed as a myth.”
Or the alternative title could be "how to turn USD 660bn into 0 in the shortest time possible" https://edition.cnn.com/2022/02/28/p...und/index.html | | | | | Except that part of their reserves are not in the US or in EU.
| This user would like to thank komsomolez for this useful post: | | 
28.02.2022, 15:42
|  | Forum Legend | | Join Date: May 2008 Location: Kt. Zürich
Posts: 12,381
Groaned at 721 Times in 605 Posts
Thanked 24,090 Times in 12,615 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | | According to various analysts, the Russian National Bank doesn't actually hold any foreign currency reserves (in the form of bank-notes, if you want), but they are rather in the form of foreign debt/bonds.
If you shut of Russia, these could all default.
Which is a bit ugly, because it's quite a lot of money actually.
As usual, European politicians, who don't seem to be able to plan ahead for a couple of weeks, are trying to catch up to a plan prepared over at least eight years... | | | | | Default? How can assets default? What?
| This user would like to thank marton for this useful post: | | 
28.02.2022, 15:56
|  | Forum Legend | | Join Date: May 2008 Location: Kt. Zürich
Posts: 12,381
Groaned at 721 Times in 605 Posts
Thanked 24,090 Times in 12,615 Posts
| | Re: World War 3 or just a local spat in Ukraine? The International Olympic Committee (IOC) Monday recommended that Russian and Belarusian athletes be banned from competing in all international sporting events.
The IOC also announced that it had also withdrawn the Olympic Order from Russian President Vladimir Putin. Putin was awarded the highest award of the Olympic Movement in 2001.
Deputy Prime Minister Dmitry Chernyshenko and Dmitry Kozak, deputy chief of staff of the presidential executive office, have also been stripped of their titles.
The IOC said the decision had been made as a result of “the extremely grave violation of the Olympic Truce and other violations of the Olympic Charter by the Russian government in the past.”
| 
28.02.2022, 16:01
| Forum Legend | | Join Date: Apr 2008 Location: Zurich
Posts: 4,160
Groaned at 80 Times in 59 Posts
Thanked 4,435 Times in 2,390 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | | Default? How can assets default? What? | | | | | I'm not a banker - it's apparently swaps (or something like that).
Detailed here: https://www.zerohedge.com/markets/po...bank-liquidity
As somebody else on Twitter said: | Quote: |  | | | In 4 years Trump convinced Germany to raise defense spending from 1.2% of gdp to 1.4%. In 4 days Putin convinced them to raise it to 2% | | | | | Most of it will probably go to consultants, though.
| This user would like to thank rainer_d for this useful post: | | 
28.02.2022, 16:01
|  | Forum Veteran | | Join Date: Jun 2009 Location: Winterthur
Posts: 772
Groaned at 69 Times in 40 Posts
Thanked 626 Times in 348 Posts
| | Re: World War 3 or just a local spat in Ukraine? | 
28.02.2022, 16:03
|  | Forum Legend | | Join Date: Jan 2007 Location: Kanton Luzern
Posts: 18,437
Groaned at 821 Times in 640 Posts
Thanked 28,607 Times in 11,564 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | | | | | | |
Certainly not as afraid as the Ukrainian population are now.
| This user would like to thank Tom1234 for this useful post: | | 
28.02.2022, 16:05
|  | Forum Veteran | | Join Date: Jun 2009 Location: Winterthur
Posts: 772
Groaned at 69 Times in 40 Posts
Thanked 626 Times in 348 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | | are trying to catch up to a plan prepared over at least eight years... | | | | | If this is an 8-year plan, I can't begin to imagine what improvisation would look like.
Russia has demonstrated that it is a paper tiger (except for the nukes).
| This user would like to thank flavio for this useful post: | | 
28.02.2022, 16:06
|  | Forum Veteran | | Join Date: Oct 2011 Location: BL
Posts: 1,282
Groaned at 235 Times in 170 Posts
Thanked 4,613 Times in 1,745 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | | Except that part of their reserves are not in the US or in EU. | | | | | If I understand correctly, they are on the balance sheet of the central bank in Moscow, but are assets denominated in EUR / USD? As such, they will remain on the balance sheet, but they are blocked from operating with them? What is your understanding?
| 
28.02.2022, 16:36
|  | Forum Legend | | Join Date: Jul 2009 Location: Lummerland
Posts: 5,661
Groaned at 235 Times in 156 Posts
Thanked 10,535 Times in 4,123 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | |
Are we still in the Putin is a genius, all others are woke, decaying and spineless phase?
| | | | | Actually by now I am thinking Putin may just be acting under orders...
Soooo... Hail Hydra!
| 
28.02.2022, 16:48
|  | Forum Legend | | Join Date: Jan 2008 Location: SZ
Posts: 4,089
Groaned at 399 Times in 285 Posts
Thanked 8,790 Times in 3,758 Posts
| | Re: World War 3 or just a local spat in Ukraine? | Quote: | |  | | | If I understand correctly, they are on the balance sheet of the central bank in Moscow, but are assets denominated in EUR / USD? As such, they will remain on the balance sheet, but they are blocked from operating with them? What is your understanding? | | | | | For once, not an area of expertise for me. But there is a good piece in the FT (surprisingly accessible): https://www.ft.com/content/526ea75b-...d-dcc3cec102d8 | The following 2 users would like to thank komsomolez for this useful post: | |
Currently Active Users Viewing This Thread: 2 (1 members and 1 guests) | TinyK | Thread Tools | | Display Modes | Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT +2. The time now is 01:00. | |