seems like legitimizing the outright theft of foreign assets is going to give billionaires around the world some second thoughts about the security of their dollars held in u.s. banks
We’re continuing to speedrun dedollarization despite all evidence
Despite all evidence of what?
Nobody with a functioning brain is going to keep any significant money in the western financial system going forward.
Nobody with a functioning brain
This still leaves a surprising number of people
and they fall squarely into this category
Which is fine as they will also lose access to western capital markets
Oh no losing access to economies that are going into a deep recession, how horrible. Meanwhile, western capital will quickly find its way to places like China where there is actual economic growth happening. Which in fact is already happening https://english.news.cn/20240411/07321170aa0944d4a588a4de0d8beac2/c.html
This really only applies to adversary nations, specifically those committing war crimes.
Nah, pretty sure the nation committing a genocide is a staunch ally.
Pretty sure most US allies are either committing genocide or dream of it. At least outside of the western core.
Are you really complaining about Russian oligarch billionaires having their foreign assets seized? Whatever happened to ‘eat the rich’? 🤣
No, the point is that this move undermines western financial system because billionaires all over the world will realize that if they or the government of their country runs afoul of the west, then their assets will be stolen. Meanwhile, freezing and seizing the assets of Russian billionaires amounts to the west doing capital controls for Russia. This would’ve been a very unpopular move if the Russian government imposed such controls, but the west decided to helpfully do that themselves. This forced Russian oligarchs to invest domestically resulting in Russian economy growing faster than the west now.
I mean, many US states/cities already do forfeitures, so applying this to foreign individuals and entities is just… consistent??
What was the last billionaire over there that had their assets seized by the government?
“No you don’t understand, authoritarian thievery is our entire way of life here, we’re just being consistent.”
So we agree it’s a good thing then :)
Oh yeah, the best move the west made in a while in my opinion.
i wasn’t complaining no, more of a
No defending Russian capitalists here, I want them all to be stripped of their wealth and the whole Russian state dismantled and replaced by a democratic socialist one. Those rich Russians should be eaten.
But the fact that the Russian state currently is letting their money get stolen (which they knew would happen when they started this war, and those capitalists knew would happen when Russia started this war, which is why they were begging to avoid it) shows that they aren’t oligarchs.
Only the countries stealing this money has oligarchs. And this is also evident by the fact that the money is getting stolen, since it’s hurting western governmental institutions. The world’s trust in the western system is being traded for more money to the capitalists.
“Unlock” aka just steal like we did Afghanistan’s emergency fund. Well, if the US government wants to speedrun de-dollarization by demonstrating to the world why you shouldn’t bank with them, I’m not gonna interrupt them while they do it.
*Nationalizing & Reallocating
Pretty sure there’s a word for reallocating someone else’s shit without their permission.
‘Civil Asset Forfeiture’ and it’s a good thing it’s finally being applied to some oligarchs.
The oligarchs that run my capitalist shithole have stolen money from the oligarchs that run another capitalist shithole, and the dumbest of the common people in my capitalist shithole, where the water is routinely toxic to drink, are celebrating as if it’s somehow a win for them too.
That explains it. You don’t know what it’s like to live outside of a shithole. How could you? Every time an oligarch is taken down, it’s a win for society.
That’s the dumbest shit I’ve ever heard.
A) There is no society. Margaret thatcher said as much when she started mass murdering poor people with a pen
B) Actually no, its bad when an oligarch get eaten by another oligarch and not by the people, because then you have one oligarch with twice the power and no competition. You’re like a dirt-covered medieval peasant celebrating that your gout-ridden pedophile king has stolen the treasure hoard of another gout-ridden pedophile king.
“My local oppressors are winning their game against their overseas rivals, this means I’m winning too!” Bro you’re not even on the team, you’re the ball.
So you consider Margaret Thatcher to still be an authority. Since you argued that less Oligarchs is worse, then what is the adequate number of Mega-rich oligarchs you want to live with?
Here’s how Ukraine can still win
I love it how they passed it on Hitler’s birthday. Very on the nose.
A day over a hundred years in the past that has no modern relevance. This is just the pigeonhole principle in action. If we avoided doing anything on a day where a villainous person did something vaguely of note, there would be no days left to do anything.
This is the most American comment ever. Truly a nation of people with zero historical perspective.
It’s just math. There are only 366 possible days in a year. You’re going to wind up with plenty of coincidences according to the pigeonhole principle. George Takei and Mike the headless chicken are both April 20 births. If they had passed this bill in a few days on the birth of Karl Marx (May 5), would that have been an endorsement of communism? No. The US Congress has business to do, and it isn’t going to halt everything because Hitler got born. Let the neo-Nazis care about Hitler’s birthday.
you’re right there are just so many weird coincidences, like this one for example https://www.counterpunch.org/2020/10/16/the-u-s-did-not-defeat-fascism-in-wwii-it-discretely-internationalized-it/
I’m so glad they finally did it because we’ll finally be able to put the narrative that Ukraine is losing because additional 61 billions wasn’t allocated to bed.
It will also destroy the last credibility US financial system have, piss off Russian capitalists and make them invest in the west even less. Win/win/win.
Worse part is that will give maidan regime some more time to push even more Ukrainians into the grinder.
basically
Russia’s GDP is dwarfed by the West. If Russian investors weren’t put off by having assets frozen when Russia invaded Ukraine in 2022, they’re unlikely to care about some more weapons. After all, the Russian people have seen many years of conflict. The rich are going to care about their hoards, not about the “special military operation.”
The rich are going to care about their hoards, not about the “special military operation.”
Then why is Ukraine losing?
I don’t see where the question comes from. There are other driving forces in Russia behind the Ukraine War.
The Russian capitalists did hate this. This war is incredibly unpopular among Russian capitalists.
What PolandIsAStateOfMind is saying is that among those who were on the west’s side while still living within the Russian economic system, more than before will flip to embracing Russian finance, because their money will be irretrievable lost to western thievery. As long as the money hasn’t been spent, there’s a possibility that they’ll stick to liberal principles of private property. That means returning the money after the war. It’s naïve because the west already stole Afghanistan’s money as retaliation for Afghanistan winning the war against the USA.
But some Russian capitalists might’ve been holding out upon the belief that the west’s racism was why they would steal Afghanistan’s money, but not do the same to white and west-worshipping capitalists oppressed by Russia’s state-oriented actions.
If Russian investors weren’t put off by having assets frozen when Russia invaded Ukraine in 2022
They already were, why they would even put more money there when they are getting frozen, but as long as their funds are only frozen, they could still have hope that the entire issue gonna get resolved one day and they will get it back. If the money get confiscated, that’s entire another situation.
Russia’s GDP is dwarfed by the West
Muh GDP!
Sending Ukraine a hundred shipping containers full of bored apes and overleveraged housing portfolios to fire at the Russians, we’ll show those fucks what a properly huge GDP can do.
I mean the Usian financiere is in full ofensive now… against Ukraine.
Two years, hundreds of thousands of casualties, tens of thousands of equipment losses and burning through Russia’s future generation and financial reserve
‘Winning’.
Imagine still guzzling propaganda uncritically after two whole years. If any of this was true, Russia would’ve collapsed long ago as the west was hoping.
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Ah yes, Russian propaganda as reported by mainstream western media. Those Putler puppets have now infiltrated once respected publications like NYT and WSJ. 🤡
LMFAO using oryx as proof of anything, these clowns have been completely discredited and yet here we have you still guzzling propaganda out of a firehose. https://archive.ph/a1ID3
Visually confirming thousands of destroyed pieces of equipment while avoiding duplicates is hard and mistakes will be made. They’re corrected as they’re found.
You’re happily felching Kremlin propaganda.
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Yes, visually confirming the same pieces of equipment over to convince gullible people of what they already want to believe. My favorite part about oryx is how they stopped reporting losses once Ukraine ran out of old Soviet equipment that they couldn’t pass off as Russian losses. All of a sudden when Ukraine started using primarily western equipment, oryx decided it was time to step away. 😂
If these figures had any basis in reality, Russia would’ve collapsed a long time ago. The fact that you genuinely believe that Russia lost tens of thousands of pieces of military hardware along with the trained troops that operated them, and it’s still somehow winning shows that you’re utterly incapable of rational thought.
Russia had the equipment (and a lot more) to lose. It’s quite realistic.
How you can consider a two year war where none of the original goals have been met a success is beyond me.
Russia has paid an enormous cost for very little in the way of gains. They haven’t even regained the land they retreated from in 2022.
But by all means. Keep cheering on Putin sending his people into a meat grinder in his pathetic 20th century war of conquest.
Fuck russia
so brave
Americans will cheer on the collapse of their empire cloaked in the flag, a hand on their heads and a tear in their eyes.
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Might as well have that over to some us ghouls in exchange for some old-new-stock weapons that will only prolong the suffering of ukrainians
New TrueAnon Rule: Never entrust the US Treasury with more than you can afford to lose.
Well EU is not far behind. But yes, if you damage country by attacking it and literally erasing towns in it, and capturing territory (the one you guaranteed to preserve and even defend by previous agreements), expect to pay.
Oh weird, pretty sure that’s not how the west is responding to Israel bulldozing Gaza right now.
Wait, are you telling me US will be paying reparations to all the countries it bombed to the ground? Vietnam, Laos, DPRK, Afghanistan, Iraq, just to name a few?
Which territory US captured or wanted to capture?
Especially when invading your neighbouring countries.
It’s true, I still remember when the rest of the world put those heavy sanctions on us for our barbaric and genocidal invasion of Iraq. It was tough, but that was the day I learned that international law is definitely a real thing.
unlock billions in frozen Russian assets “Ah they’re finally returning what they’ve stole-” for Ukraine
… [exasperated swearing in eldritch tongue]
“The Russians were surprised when, right after the war started, the Europeans took the exact same measures as the United States, freezing all of the reserves that were there, and the Japanese did the same, which is why most of Russia’s reserves today are frozen in Western banks”
Russia on the worldstage, lol: https://youtu.be/FIc_eKkMJVo
Here is an alternative Piped link(s):
https://piped.video/FIc_eKkMJVo
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I’m open-source; check me out at GitHub.
