Visa, Mastercard block Russian financial institutions after sanctions

Post by lnxg33k1 » Tue, Mar 01, 2022, 7:35 AM UTC

abofh wrote: post #30

donw wrote: post #5

sigh Fifty years ago, the dollar had value because America was the one-stop-shop for everything. Cars, electronics, appliances, all of it. Nowadays, that's China. China makes everything, or the parts to make everything, and increasingly to a higher standard than can be produced in the US. Go watch Project Farm and think on those results. The dollar has value now because it functions as a medium of exchange. That's it…

SWIFT is a Belgian corporation that is not tied to a specific currency. Kicking them out of SWIFT has nothing to do with USD hegimony. China and Russia do have a competing system, it's used by China and Russia. Moreover, Russias currency and market have been in a downfall for a month, not a week - that its actions _have_ long term consequences is exactly the point. Now, please remember, there's a whole planet out the…

Post by dotancohen » Tue, Mar 01, 2022, 7:41 AM UTC

donw wrote: post #10

avalys wrote: post #7

Earlier quoted context omitted.

All valid points, but...using military force to seize control of another sovereign, democratic nation also undermines the entire economic system. I don't see this as driven by the US government and as something that will be held against the USD, it is just as much motivated by the Europeans and the Euro. The point of these sanctions is to say - a country is not allowed the benefits of integration with the global econ…

> All valid points, but...using military force to seize control of another sovereign, democratic nation also undermines the entire economic system. History disagrees. > The point of these sanctions is to say - a country is not allowed the benefits of integration with the global economy if they are willing to use military force against it. What happens when that country is no longer interested in the trade-offs requir…

Post by R0b0t1 » Tue, Mar 01, 2022, 7:50 AM UTC

vmception wrote: post #21

ido wrote: post #12

Earlier quoted context omitted.

I think this is a naive reading of historic events. The US didn't "open pizza huts" but collaborated vigorously and enthusiastically in the looting of Soviet state assets post-collapse.

Oligarchs are the OG dip buyers Bonus round 2 right before our eyes! assuming Putin doesn't nationalize stuff. Everyone else is literally helping you have diamond hands because you cant sell until the sanctions are lifted haha, which I mean, they will eventually. Undervalued, revenue producing assets aren't going to be ignored for long. BTFD. Just assume that you're going to the front lines soon unless you have enoug…

Post by lliamander » Tue, Mar 01, 2022, 7:55 AM UTC

klyrs wrote: post #32

imwillofficial wrote: post #25

Earlier quoted context omitted.

I don’t get comments like these. Does Putin strike you as an overly emotional guy who gets frustrated easily? My take is that he is cold and calculating. Not one I’d take lightly.

I thought he was cold and calculating until he attacked Ukraine. This looks downright ham-handed and heedless compared to the maneuvering of the decades leading up to now. He's made a damned fool of himself, if you ask me.

Post by 2Gkashmiri » Tue, Mar 01, 2022, 7:59 AM UTC