World War 3 or just a local spat in Ukraine? - Page 166

NewInTownForever · #**3301** 28.02.2022, 14:32

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

marton · #**3302** 28.02.2022, 14:50

	Quote:	gaburko
	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.

AbFab · #**3303** 28.02.2022, 14:51

BBC report official Russian news agency website tass.com was hacked this morning with an anti-war message. The site is now closed…

gaburko · #**3304** 28.02.2022, 15:16

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

greenmount · #**3305** 28.02.2022, 15:42

	Quote:	Axa
	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.

rainer_d · #**3306** 28.02.2022, 16:02

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...

MattyRedSox · #**3307** 28.02.2022, 16:06

	Quote:	rainer_d
	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...

Tom1234 · #**3308** 28.02.2022, 16:09

Switzerland have now adopted the EU sanctions and frozen Russian assets.

Excellent news !

https://www.reuters.com/world/europe...ia-2022-02-28/

Axa · #**3309** 28.02.2022, 16:20

	Quote:	Tom1234
	Switzerland have now adopted the EU sanctions and frozen Russian assets. Excellent news ! https://www.reuters.com/world/europe...ia-2022-02-28/

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:	rainer_d
	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?

Ato · #**3310** 28.02.2022, 16:22

	Quote:	Axa
	Let's play a game, fill out the blanks:

Ok you had me, I had Switzerland in there.

komsomolez · #**3311** 28.02.2022, 16:26

	Quote:	gaburko
	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.

marton · #**3312** 28.02.2022, 16:42

	Quote:	rainer_d
	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?

marton · #**3313** 28.02.2022, 16:56

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.”

rainer_d · #**3314** 28.02.2022, 17:01

	Quote:	marton
	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.

flavio · #**3315** 28.02.2022, 17:01

Tom1234 · #**3316** 28.02.2022, 17:03

	Quote:	flavio

Certainly not as afraid as the Ukrainian population are now.

flavio · #**3317** 28.02.2022, 17:05

	Quote:	rainer_d
	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).

gaburko · #**3318** 28.02.2022, 17:06

	Quote:	komsomolez
	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?

slammer · #**3319** 28.02.2022, 17:36

	Quote:	Axa
	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!

komsomolez · #**3320** 28.02.2022, 17:48

	Quote:	gaburko
	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