Russian citizens like me will be hit hardest, as usual. Large institutions and wealthy individuals will find another ways to transfer money. Costs of goods and services will rise.
A quick breakdown of what SWIFT is and why it matters
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Re: A quick breakdown of what SWIFT is and why it matters
#62Russian citizens like me will be hit hardest, as usual. Large institutions and wealthy individuals will find another ways to transfer money. Costs of goods and services will rise.
I was watching a mainstream news report (I'll try to find it and edit my comment) where the host and the guest were talking about the impact of economic sanctions. They said it's not intended to stop Russia, but to inflict pain on the citizens, so that they citizens will turn against leadership. In that moment, it really clicked for me how much normal people are pawns to be used in much larger games. And there appare…
Re: A quick breakdown of what SWIFT is and why it matters
#63In my mind that would cause the populace to be more frustrated with Putin for what he's done.
Re: A quick breakdown of what SWIFT is and why it matters
#64Russian citizens like me will be hit hardest, as usual. Large institutions and wealthy individuals will find another ways to transfer money. Costs of goods and services will rise.
I was watching a mainstream news report (I'll try to find it and edit my comment) where the host and the guest were talking about the impact of economic sanctions. They said it's not intended to stop Russia, but to inflict pain on the citizens, so that they citizens will turn against leadership. In that moment, it really clicked for me how much normal people are pawns to be used in much larger games. And there appare…
World leaders don't get into an octagon and duke it out to see who controls what territory. They send normal people (soldiers) to go acquire it for them. Occasionally the soldiers capture/kill a world leader but usually they reach some kind of (conditional/unconditional) agreement before that point. But the soldiers are not world leaders themselves anyways.
Re: A quick breakdown of what SWIFT is and why it matters
#65Earlier quoted context omitted.
I was watching a mainstream news report (I'll try to find it and edit my comment) where the host and the guest were talking about the impact of economic sanctions. They said it's not intended to stop Russia, but to inflict pain on the citizens, so that they citizens will turn against leadership. In that moment, it really clicked for me how much normal people are pawns to be used in much larger games. And there appare…
With all due respect Russian people are the only ones who can stop Putin.
Re: A quick breakdown of what SWIFT is and why it matters
#66IDK. In an interconnected global economy my sanction of you hurts you, but it hurts me as well. For example, the higher price of oil is good for Russia and OPEC, but not the rest of us.So where is the pain? Certainly there are things that Russia has that the West needs. In addition, if Russians are generally used to less - and the West isn't - then again where is the pain? After two years of pandemic are most America…
High price of oil is good for Russia only if they have buyers. And yes, in the short term it will hurt us but in the longer term you are disarming the influence of a bad actor with the added benefit of incentivizing cleaner energy and perhaps more efficient means of transportation.
Re: A quick breakdown of what SWIFT is and why it matters
#67Russian citizens like me will be hit hardest, as usual. Large institutions and wealthy individuals will find another ways to transfer money. Costs of goods and services will rise.
I was watching a mainstream news report (I'll try to find it and edit my comment) where the host and the guest were talking about the impact of economic sanctions. They said it's not intended to stop Russia, but to inflict pain on the citizens, so that they citizens will turn against leadership. In that moment, it really clicked for me how much normal people are pawns to be used in much larger games. And there appare…
Which country has it ever worked out on? Cuba? Venezuela? North Korea?
None of them have turned on their dictators. Rather, they are living life in misery. What is worse is they have been not just cut off monetarily from the rest of the World, the dictators have made sure to censor all content coming into the country. So they have no idea (or worse: false propaganda) of what is going on outside their territory.
I haven't seen sanctions actually work in even one case (will be happy to correct myself if there has been a case where sanctions actually worked). Where people fought back against the dictator and established democratic rule. Even if there were popular uprisings it has lead to establishment of even more autocratic rulers or worse, control by militias/warlords or terror groups.
Re: A quick breakdown of what SWIFT is and why it matters
#68Russian citizens like me will be hit hardest, as usual. Large institutions and wealthy individuals will find another ways to transfer money. Costs of goods and services will rise.
I was watching a mainstream news report (I'll try to find it and edit my comment) where the host and the guest were talking about the impact of economic sanctions. They said it's not intended to stop Russia, but to inflict pain on the citizens, so that they citizens will turn against leadership. In that moment, it really clicked for me how much normal people are pawns to be used in much larger games. And there appare…
Modern warfare also affects poor people more than it affects the rich — children of Russian oligarchs are off in New York and London, not fighting on the battlefields.
But the sanctions are very much meant to stop Russia's invasion of Ukraine, and to disintentivise Russia from invading other sovereign nations. Only Russians can stop this aggression.
Re: A quick breakdown of what SWIFT is and why it matters
#69Honest question: are sanctions that affect normal citizens OK if it's through SWIFT? In my mind that would cause the populace to be more frustrated with Putin for what he's done.
Re: A quick breakdown of what SWIFT is and why it matters
#70Earlier quoted context omitted.
I was watching a mainstream news report (I'll try to find it and edit my comment) where the host and the guest were talking about the impact of economic sanctions. They said it's not intended to stop Russia, but to inflict pain on the citizens, so that they citizens will turn against leadership. In that moment, it really clicked for me how much normal people are pawns to be used in much larger games. And there appare…
That's how war (hard diplomacy) works as well. World leaders don't get into an octagon and duke it out to see who controls what territory. They send normal people (soldiers) to go acquire it for them. Occasionally the soldiers capture/kill a world leader but usually they reach some kind of (conditional/unconditional) agreement before that point. But the soldiers are not world leaders themselves anyways.