**In Clancy Brown's voice** Epilogue: In a world where you don't run from the law but the law runs from you... Their weapon: an angry e-mail. ...The only justice made is with rising interest rates and giving no quarter or dime... Their enforcer: a glassed suit with accompanying suitcase. ...Ready to make you sign over the literal skin on your back... Special. (Dolby fx) Banking. (Dolby woosh) Operation. (Tripod sound a la War of the Worlds)
You can stop laughing now 🤡. There are $288 billion of American assets in Russia. Putin signed a decree today saying if any of the Russian money gets sized they'll simply seize American assets in retaliarion. FJB got outwitted again. Gotta feeling AmeriKKKunt's special banking operation will turn out to be a complete failure.
Holly shit! You fucked up again! Cry more: Russia has more than 300bln western assets. The outflow capital from Europe is only accelerating. India's central bank has moved around 100 tonnes of gold from the UK back to its vaults in India and intends to move more in the coming months. 100 tons of gold is almost 1/4 of India's foreign reserves of the precious metal at the end of March. Discussions by Western countries about the possibility of confiscating Russian assets are beginning to backfire.
Similar thing happened to me. But was my dog shocked because she had already realized that the geopolitical vagaries of such seizures would erode confidence in the USD as global exchange currency (or worse, necessitate questioning the very need for such financial hegemony considering the current realities of deglobalization); or just because of my spit-take at 'Special Banking Operation'.
@@sanelemngadi9324 It prolly means exactly what it sounds like. That a thief who steals from another thief is better liked, because no one likes the first thief who stole your stuff. But everyone likes when that first guy gets his comeupance. The whole fable of robin hood is kind of like this in a nutshell. If you view rich nobles as the first thief.
@@Destroyer_V0 the first link is the king who commands the nobles to pay taxes, the second is the nobles who persuade (or intimidate) the commoners for coins. The third link is the commoners own fear and ignorance for handing over their daily fortunes. That's what makes the theif so both infamous and beloved, the thief is the "unlinked link" (zorro is my favorite with Robin hood second)
Probably worth mentioning that if Ukraine gets the full $300B and uses it to buy Western weapons (where they would otherwise receive the same weapons as donations), it's essentially a transfer to the West.
You're not wrong. I offer a counterpoint tho, there are more than a few Americans who are suggesting we stop sending aid altogether, regardless of whether it's a "donation" or something more like lend/lease.. If American support disappears for whatever reason over the next year, that 300B could be the difference between becoming Orcs or staying Ukrainian. Edit: Amazing pfp, btw. I salute you o7 lol
I'm pretty sure Ukraine is getting more money if they get Russian assets. Russia has done up to a Trillion dollars in asset destruction,(not gdp loss, but asset evaluation,) in Ukraine. And the USA and Europe are probably not going to donate a full trillion dollars of replacement.
@evananderson1455 😂😂😂Ukraine has received close to that amount even know and they are STILL losing and falling back. Ukraine already speaks Russian as their dominant language, so they will enjoy being Russian. By force if needed.
@@evananderson1455 For sure. Alternatively Ukraine may still receive the same amount of donations in addition to the $300B and be far more able to defeat Russia. My point is mostly that there is some financial incentive for The West to give the money to Ukraine.
I can see that being a good means of having a continuous stream of funds instead of all spent in one go, and then the bullk of it can be used for post war rebuild and humanitarian aid.
And now the question: You have money from other countries stored in your country, you have confiscated the money of one side, what will the rest do? Correctly, they will start withdrawing their money, what if you consider them not democratic enough and try to steal money from them?
But again we do not know the line between "reluctant leavers" and "reluctant stayers". They COULD withdraw. But where would they put it? What is so stable? Not the Yuan for now.....else China would have it's OWN reserve currency.
"Seizure" vs "Confiscation" somewhat implies that "a future peace oriented", fully democratic, successor Russian regime, will have a very strong legal claim to be compensated in full over time.
@@t5ruxlee210 If it went to Ukraine's infrastructure & repatriation, etc. efforts, then I doubt it would be in full - since it would be used as principle in rebuilding efforts & so on. Same idea as paying it from elsewhere, but cuts out a step.
No it's not about Russias existence. It's about the current leadership in Russia. Unfortunately, the Russian people have no concept of taking control of their own government.
@@yosefyonin6824 They literally said that NATO not following their agreement and keep expanding to Russia's border. Remember when Russia want to join NATO but get refused? Yes NATO been making Russia enemy ever since Putin still a newbie president who want to join the west at the time. Imagine if Putin joined NATO then Putin will be need to be more "Democratic" to play with NATO guidebook. The West can't see anything past 5 years in the future for their strategic plan-action.
I don’t know how many people remember, but Russia has already seized Western assets- the Western built and financed airframes used by Russian airline operators.
That was a Russian response to the West freezing their assets and illegally sanctioning them and they continue to respond to any new actions taken against them.
@PatagoniaAriesgiven that a lot of nations, economies, and commodities are based/pegged to the USD especially when many more states rely on that stability for food imports or even outright humanitarian aid, there are better ways to voice your displeasure at the current situation than hoping everything falls apart.
No, they are leased, but western companies refuse to take payments and honor contracts because of the western sanctions, because the payments stop, Russia have the rights to seized it.
The "one-time cost" argument only works if the alternative is threatening seizure at the final negotiating table. A one-time cost that (your opponent believes) you'd never be willing to use has no coercive power in the first place. Of course there are other important arguments about the global consequences of seizure but looking solely at the Ukraine War, it's a tradeoff between the coercive power of the contingent $300bn seizure at the final bargaining table, and the change in the expected military outcome from giving Ukraine $300bn.
The point is that everybody knows that Ukraine would only get a small fraction of that money and the global economic consequences would shake the world, as all investments in the West by Asian and African governments would be considered extremely risky. That would be also the end of the petrodollar and the infinite ability of the US to print money. Then those 300 Russian billion would not be enough to fix the kitchen sink.
I think one important issue to ask is, does Russia needs the $300 billion to finance their economy? If they need it, it could be a leverage. At this time, it seems that they don't need it. They are self sufficient. Lavrov and Putin said that. The argument that the money could be use to buy weapons is not a reality. The first thing that will happen is Ukraine's debts have to paid first. Lawsuits will be flying like fireworks to make it happen. The other concern is Russia will file lawsuits in every court to stop the release of the money. It will get stuck in limbo for a few years while Russia is annihilating the Ukrainian soldiers and turning Ukraine into a wasteland not worth salvaging when the dust settled. In the mean time the world financial system will be tearing apart because the US gave countries a clear justification not to use dollars in international transactions, and not to invest in dollars. These politicians have to be fired. They have no common sense. My hyperbolic hypothesis. Just saying.
Either way $300+ billion dollars is A LOT of money, it's at least a few years worth of support and it'll go a long way in this war, it'll also allow other countries that are currently donating a lot to focus more on building up their own stock again.
One point not mentioned in the analysis: the threat of seizing the money may have either 1) already been internalized by russia, or 2) may have been given odds so low by Russia as to not be an effective threat anymore. In the first case, Russia would have already written off the funds as lost, or as an acceptable cost for the war, at which point they no longer represent bargaining power. In the second case, Russia was essentially calling our bluff, only to learn now that we’re following through on the threat. These situations correspond to Russia putting a near 100% or near 0% probability on our threat to seize, respectively. In either case, it’s effectiveness as leverage is far outweighed by the resource’s value. We can’t know if these possibilities are actually at play here. But we might be able to learn if the 0% case is at play if Russia responds by internalizing the revealed information that the threat is genuine, and then attempting to bargain to stop the follow through.
If the West seizes all money of states they don't like, nobody will keep their money in the Western banks. The West will lose much more than 300B if they seize these funds.
I’d also like to point out that if the “one time cost” pays for 300Bn of military support, it ends up being a “recurring cost” as those weapons will continue destroying Russia’s economy and remove the need for the politicians of every western ally to politically defend spending their own billions on Ukraine aid. 300Bn would effectively end the war, with Russia on the losing end, and most of that money would end up in the hands of the countries who would produce the most arms and munitions for Ukraine. Win-win-win for Ukraine and the west. No Fing clue why this hasn’t been done already.
@@nathanfausti9213 I suspect more likely west just pockets it and continues aid from old stocks and says "we helped ukraine". US has done it like this so far. some theory even suggests this was plan all along as fiat currencies suck and loose value anyway, with other fiat papers backing loans.
@@effexon That IS a major concern. I think the current US administration is waiting for the likely full control of congress after the next election so that they can disburse the funds for legitimate reasons without having to fight the republicans trying to line their owners’ pockets. 🤷
Does anybody know the value of the assets that western businesses had to leave behind in Russia at the start of this war including structures investment and hardware and if Russia adopted these or if Russia is considering reimbursing these companies. Russia will have to wave goodbye to these assets just like the west has to its assets and investments in Russia.
People who do not understand that a Bank Stealing money from their Costumers, is a Bank that loose credibility, if they do not understand this basic concept of the economy, those people is Dumb, Stealing this assets is Fatal to Europe, could be a Problem for Russia, but is Lethal for the European Bank system in general.
A man standing before a Judge in COURT: JUDGE : You are charged with armed robbery of a BANK - DEFENDANT: no YOUR HONOR - it was a special banking operation and there is legal precedence that it is allowed by law.
It's not just the amount of treasuries china holds but their duration. China was I believe already moved mostly into short term treasuries and thus are rolling them over relatively rapidly. Which means they can get out or reduce their position relatively rapidly. So to get accurate sense you have to know both total and distribution of durations.
Ah, now that is interesting. I thought China was mostly moving out of US Treasuries and into gold because it expects to be shut out of the global finance system when it invades Taiwan.
Yes. It’s always been about the money. The US doesn’t have to use use any military muscle to invade or fund revolution in foreign countries to allow American corporations to extract wealth from foreign lands; now they can just steal foreign assets held in their country. This 300 billion Russia assets in the west, was deliberately left in the west for this purpose so that the third world can see that the west can seize any country’s assets, if they do not follow western interests. It is in fact a cheap amount of money for Russia to “spend “ to snowball dedollarization. This is why BRICS+ will become more important in future decades, especially if they introduce a digital currency. As well, Russia and China have shown that it is possible, in a multipolar world to survive US sanctions with their support. It is evident now, that as more African nations throw the yoke of western exploitation, by ousting pro-western governments through coups, they can rely on the support of Russia/China for military security and economic development. The 300 billion is a poison pawn gambit left by Putin for this purpose. He could have repatriated the funds prior to invasion but did not. As well, the assumptions in the video are that Ukraine has a chance of winning this war against Russia; there was never a chance without NATO committing troops on the ground and more powerful weapons. Ukraine will simply run out of manpower in a war of attrition, and these limited weapons will not tip the balance of war. Most of the Russian casualties in the early part of the war were irregulars, conscripts from prisons, using old military Soviet era equipment. They did not even commit their full armed forces. The Russians have also held back their full arsenal which they might deploy in the event of NATO direct intervention.
all this war, was only about Money, never was about freedom or democracy, or the Usual Lies, United States invented since Vietnam, it always had been about using War as an Scheeme of making money.
YES!!! That's exactly her name (Deborah Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
Putin launches a 'special banking operation' when he visits the atm, followed by a 'special food aid operation' when he then gets lunch. Later, a 'special evacuation operation' takes place in the restroom right before the 'emergency relief operation' in the form of an afternoon nap.
NATO could’ve done this like way earlier but chose not to because if seizing does ever happen, the consequences would be devastating to financial stability, security and eventual downfall of US dollar. Beside the weapons can be replaced but what can’t replace is Ukrainian manpower and without manpower you are doomed even if you receive $1 trillion
The West is already losing it's hegemony with it's outdated policies. There's already a movement going on in the world working towards a new multipower order.
Because it's not true? If you thought your wealth was beyond the reach of the state you were banking with.. your were just deluding yourself. If you thought you could launch a war and kill a few million people.. and the allies of those people would say 'your money is good".. then your a fool! Everyone who has a Chinese bank account knows this!
The thing is the roadblock is actually not the Russians or their response, but the downstream implications. Take at the look at the list of the largest sovereign wealth funds in the world. Notice what countries are on in the top? Saudi Arabia, China, Kuwait, UAE all sitting on trillions of dollars, all with shady human rights record. If Europe decides that a war in which they are not part of is enough of a justification to seize assets, then suddenly all of those countries' wealth is liable to be seized. (Saudi Arabia, Kuwait, UAE literally invaded Yemen, China and Taiwan). There could be a chilling effect in which those countries might decide to deprioritize Europe relative to the rest of the world. Why does that matter and why are the Americans less afraid of it? Well Europe has been struggling for a long time of their capital markets being second fiddle to the US capital markets. Companies large and small are ditching European exchanges to go to America, start-ups are decamping to the US because it is easier to get funding, etc. If the Saudis, Chinese, Kuwait and UAE governments of the world decide Europe is not even worth to hedge against US political risk, then Europe is permanently dooming it own capital markets.
Dude. This is literally just doom mongering. Europe will do just fine. And if China invades Taiwan, nah shit this will happen to them to. This not new information for any country. Also, you are incorrect. The biggest wealth fund in the world is Norway. You don't see Norway shaking. Why? Because Norway doesn't abuse the rules of the Global Financial System. A financial system without enforced rules is a system investors fear.
The reaction of Gulf countries quickly followed the asset freeze, namely, they do not cooperate with other sanctions, or evade cooperation. UAE became an important intermediary for Russia, KSA became a major customer for oil products. OPEC+ cooperation seems to tighten. It does not help that they were routinely vilified in Congress, so the perspective of asset freeze for them was not absurd. The question is if that was one-time cost, so seizure makes no further difference, or not. I think it increases the risk of a breach between the West and the Gulf resembling 1970-ties, the Western role in Gaza is deeply unpopular there, the implicit threat of asset seizure may convince the elite to follow the popular opinion.
Morally and strategically correct. At this point giving Ukraine 300 billion to buy arms would devestate Russia militarily. The world's grey area actors will still keep their money in the west because western institutions still add value in ways the alternatives do not. China is already heavily incentivized to provide alternative banking structures. If they could, they would, but they are in no place to do so right now.
The problem with using leverage too late is that it’s value changes with the state of the war. If russia takes half of kiev before such negotiations start, they will lose alot of value, since the outcomes of using it will be worse than using it while ukraine has more bargain power. This leverage is a power multiplier during negotiations, not a flat amount.
William a very good video demonstrating the ebb and flow of Sequestrated Cash as well as the dangers associated with it. Thank You. Congratulations on your Peer Review.
I heard a real life story about a one time cost. A couple decages ago the New Orleans Police forces was threatening to go on strike shortly before Mardi Gras. That, off course created a mild panic (if there is such a thing). Then the police made the strategic mistake of actually going on strike. And the city got down to the job of what to do about the problem and the police lost all their leverage and public attention. As a proverb you might say; Leverage is like a hostage.
8:53 Well, having worked governmental law for a decade now I'm willing to take a gamble. Even across jurisdictions, in law a few things tends to matter: 1 - Who does what, who is the actor? Actors are the one who can commit an 'unlawful act' as most law systems define it, and face consequences for doing so. Remember: If you do something that's not unlawful, that's your prerogative, it wouldn't be legal otherwise. You can never be punished for doing something legal. Example: If I sell a 125K house for 230K because the market is crazy, that is okay. If I sell a 125K house for 230K because I lied and hid structural defects, that's an unlawful act and I can be sued. If they sue me for 'The market is crazy so we had to bid that high voluntarily to get it, now we demand his money', my defense will be to shrug, grin, and watch the judge berate the buyers. 2 - Which law field governs a matter? It's pretty widely established that private law forms (contract law, civil law, etc) should not intrude on governmental law. It would be anti-democracy as private contracts could outstrip the power of elected governments. Jumping across law fields so one intrudes on the other is rare. Analysis: The US government (actor 1) acts to seize Russian regime (actor 2) funds. This is their prerogative as per the power invested in them via elections, governed under US governmental law. Simpletons (actor 3) who still had money in Russia did so of their own free will, likely a profit or tax evasion motive. The theft of that is under Russian governmental law. Does an act by the Russian regime (actor 2) in Russia under governmental law, create a private law obligation in the US, because the US government did something that's their prerogative under US governmental law? No it does not. Neither the actors nor the law fields have a direct relation. What actor 1 does to actor 2, has no direct bearing on what actor 2 does to 3: That's actor 2's fault. Unless you have a signed contract by the US state secretary saying 'We feel obligated to compensate you for you perpetrating tax fraud with Russian accounts, you voluntarily agree that you may sue us, we love US tax dollars going to the criminal underworld and the semi-criminal level of international business'. Simpletons sueing the US government for losing their tax defrauding Russian account should fail, should probably be marked as malicious litigants, and should be sanctioned in the legal sense. I've long argued to disbar lawyers who take on such meritless cases.
I almost had a seizure hearing that word so often, so I will refer to it as a 'special banking operation' from now on. That option sounds the best to me.
@@r.m2072 Some day soon you will realize its a club of countries taking the piss on Russia, go look up how much Russia has invested vs the rest of them, go look at their plans, go get some actual info about BRICS, it's actually comedy gold, some "partners" of Russia (nope) literally bleeding it dry while Russia cheers to you indoctrinated lot about forming a new currency that no other countries have any interest in trading 🤣 Its like monopoly money but Russia gives it value and the rest of BRICS are laughing their ass off trading it back to their local currency, economic warfare right under your noses but you're too busy cheering to realize 🤷♂
Imagine living in an actual kleptocracy, but you're mad a different govt is thinking about taking your money to repair your neighbors nation that yours illegally destroyed.
See, I've always had the notion that when someone's bank account and assets get "frozen", the owner basically writes off the account on the assumption that the money will be "confiscated" in a special banking operation by the government. This is interesting to hear being debated because it's exactly what I thought was already happening for years.
They would, if not for the I-India. For all the financing of the war that India allegedly did by buying discounted Russian crude, it is STILL very very WARY of China. As was evident in the 2020 border clashes. If it would be, it would be more like a "Eurasian common currency" Russia+China+ASEAN.
So the whole of Europe still using Russian roubles to buy some Russian gas aren't funding the war. Only india is. I can't wait for Europe and usa to seize and take the Russian funds. 85% of the people on earth in the global south will simply fall to the brics currency. In 50 years Europe will be like Africa and Africa will be like Europe. I used to think Europeans has foresight but you have elected the worse leaders who will take Europe to the third world. The global majority already have seen the hypocrisy of usa and Europe in Gaza Taiwan and Ukraine so BRICS currency backed with Gold and two world powers China and Russia backing it, since the west always want to be the school bully the school is beginning to turn on the bully and the seizure will fast forward it.
Ah yes, Brazil where machine gun fire into favelas is a common policing action, Russia whom is not a wealthy nation, India who dislikes China and doesn't trust Russia as well as not being interested in making enemies. China who will not tolerate any power being in the hands of people outside China and makes up around 77% of BRICS economy. Finally south Africa a literal failed state that can't maintain electricity or clean water utilities even in their own capital. What a powerful club of losers they are
For anyone struggling with the concept that the cost of war decreases for Russia if Ukraine gets frozen assets, you can think of it another way. Think of the unseized frozen assets as a benefit or incentive. Russia is incentivised to end the war to the tune of 300 billion dollars. Giving this to Ukraine removes Russias incentive to end the war. The greatest leverage is in threatening to give it to Ukraine but keeping it frozen to stay as an incentive to negotiate. A possible 3rd option I've not heard could be to keep the 300 billion dollars frozen but adjusting it to the rate of dollar inflation so the incentive or effective cost of war stays about the same for Russia, and then any increase in value of the assets beyond the rate of dollar inflation could be given to Ukraine.
Soooo you do realize there are 1000s of speeches online of Putin trying to initiate peace agreements and 1000s of American politicians screeching like insane banshees right? And you do realize that other world citizens watch ALL the worlds news and see the hypocrisy…and at least 75% of the world population don’t think America is as great as Americans think they are….you’re only 4.5% of the world citizens….extreme hubris you all have….more countries will want little to nothing to do with you all very soon….it’s already happening….
Many nations are selling their dollar bonds and buying other assets denominated in dollars. Or if they are selling their dollars to someone else, that someone else is buying dollarized assets. That's just how national accounts work, but I realize someone with the handle "multipolarworldorder" probably isn't interested in acknowledging that.
I would be more concerned about how the seizure would affect the world financial system. I think not to the benefit of the West. Who would want to invest in the West when they know their money might be confiscated and never returned?
@@Lord_Cointoss are you seriously supporting a terrorist organization? Ignoring the Libya part . No matter what Afghanistan was still being ruled by a terrorist organization. There should be no such thing as terrorist organizations in the modern world. There is no place for indiscriminate, anarchy and killing of innocent lives for no other reason, but to spout fear. And the guy who lead the attack on the US was literally in there before he fled to Pakistan. Are you expecting a criminal to get away with crimes? That’s like saying we should let Putin off the hook for his by UN definition genocide of Ukraine.
The sociopaths reasons for starting the war do not matter. If Putin can’t financially sustain a war against a well- equipped and funded Ukraine he will lose. Crippling Russias economy with tougher sanctions and supporting Ukraine is imperative. He knows he cannot fight multiple nations and that’s why he uses nuclear threats to keep us at bay.
@andreassagUkraine is running out of men, by the time those so called factories are built, there will be no one to use the produced weapons! The problem with the west is that they are short sighted : first they sanction Russia , but we can all see that it has backfired and Europes economy is hurting badly , confiscating Russian assets will seem like a good idea in the short term but in the long term, the credibility of the western financial system will be damaged hence the emergence of rival payment systems to swift .Just look at how long sighted the Chinese are , with the ancient wisdom that they have , they have been very patient with Tiwan knowing that one way or another Tiwan will surely one day be under the direct rule of Beijing this is while America is itching to start a conflict with china, but the Chinese are patient and have concentrated on growing stronger every year and know exactly when they will take Tiwan .As for Europe, it has become so dumb that it can't think for itself and know what's good for it, it now uses America's brain to determine what's good for it yet america makes a lot of profit from Europe's misery, just check who benefited the most from the bombing of the Nord stream pipe line, they are now making billions while countries like Germany suffer economically!
@@tonnypedersen5915 1 million in active duty, 2 million in reserve, 31k soldiers lost. Very easy to find information, nice try boris. The funds will most likely be used to help rebuild their country, because we all know that Russia won't exist for long enough anymore after their failure to pay for the damages. It won't have an effect on the outcome of the war, this is true. Russia already lost this war by overplaying their hand in 2022, you should've been happy with Crimea and leave it at that. 300B extra for Ukraine or not isn't going to change anything about the way the world sees Russia or the other funds & materials that are currently flowing into Ukraine.
You watched the entire video, it’s breakdown of various options, pros vs. cons, risks vs. mitigating factors, that the seizures will be done in concert with the stable, internationally-traded currencies. And that was your one takeaway? Meanwhile, the USD has recently been rather strong.
@@deborahhoffman3941 that’s certainly one of the potential consequences discussed in the video. I was goofing on OP for missing every level of context and nuance. As far as foreign hesitation about using western currencies as reserve currencies. I suspect the risk is low. With the exception of the renminbi, western reserve currencies are the highly traded free-floating currencies of large economies with stable and transparent systems. The renminbi will never be the dominate reserve currency as long as it keeps strict currency controls and there is low transparency into its financial system. It’s also… well, fixed to the valuation of other world currencies. I also suspect other countries are highly worried about a slippery slope of willy nilly seizures. Russia elected to do something horrible and disruptive on an astronomical scale. I don’t think a lot of other nations are planning to launch 1930’s-style mass invasions of conquest and annexation. Well, except for China.
@@thetruth9210 2-3% target inflation is a feature of a good currency, not a bug. So the dollar is doing well relative to the other means of exchange that together comprise the vast majority of financial transactions that occur daily in our multi-trillion world economy? That’s a sign of a collapsing currency to you? Please provide your definition of an inherently, not relatively, strong currency in the context of the real modern world in which we actually live. Provide a real world example of this inherently strong currency, that is in a large enough supply for trillions of international transactions. If you are going to say something about the gold standard or crypto, stop right now. Gold standard isn’t viable. People that believe crypto is a viable currency are financially illiterate Dunning Kruger poster children.
Here’s an Question: What would be better for Ukraine in the long run: ⚪️Donating ALL of the frozen money to Ukraine (give or take $300 Billion) in one huge lump sum, and thus saving their NATO Allies that much in donations for the next while, but potentially opening the door to a slew of nasty future complications? ⚪️OR Donating the totally of said sum’s collecting interest from since the day it was frozen, and continuing to do so until the day the war is concluded either way, giving Ukraine Less money up front BUT giving them a steady lifeline of money that could possibly eclipse the initial sum if the war drags on long enough anyway, without also opening the can of worms the first option would entail?
@@injest1928 I have an idea that can help do both: Have Ukraine receive the accumulating side money, but ALSO throw in an additional 100 Million from the frozen assets themselves for every month of the war. This gives Ukraine a decent amount of money in the long term AND pokes Russia in the side every month with the knowledge that their own assets are slowly bleeding into Ukraine’s pockets to save them from the war said assets were supposed to fund, without going full overkill. It’d be like being forced to watch individual grains of sand from an hour glass fall… Drop Drop Drop, Drop Drop Drop.
@@injest1928 neither will result in Ukraine's victory. Ukraine doesn't have man power to fight Russia. Every Russian over the age of 18 has 2 year military experience, and tons of poorer rural folks to go join the military. Most Ukrainian men that are fighting right now are your ex plumbers and ex electricians in their 40s and 50s. They are fighting vs Russian 20 and 30 year olds.
Yeah, also just googled it and I get figures from 7.5 to about 9 billion. That's probably not enough for switzerland to work with NATO on this. Sending the russian money to ukraine seems to just be a bad move for switzerland to make(stategically not morally bad)
They do, but they are hesitant to release it because they’re still worried about reparations from World War II. It’s time to get with the program and start living in THIS century, Switzerland
Author ignores the other side of the Balance Sheet. Western Investors have roughly $600 bln of Russian assets. Roughly 300 bln of that is Equities and Bonds while another half is private Debt and private Equity think of Oil megaprojects. It seems both sides have significant exposure, but Western frozen assets in Russia get hardly any coverage in the press. I used Brookings Institute stats would be curious if there is another source for the numbers.
You have forgotten one problem Mr Spaniel, the main part of that assets are in the EU and EU Comission and EU Parliament lawyers were too clear with Comission and Parliament, seize those assets would be illegal unless they declare war against Russia, and doubt they will do that, because if they do that EU would fall from within
As a Canadian, I feel I need to interject about our position on the "Spectrum of Dodginess". The place you set us clearly was "Peacetime Canada", as everyone knows "Wartime Canada" would make Vlad Tepes of Wallachia say "woah, chill."
You're literally calling for the west to destroy its own financial system. This would be legalized theft. Theres no other way around it. It is theft pure and simple.
China is collapsing right now. So hard to care about what China feels. Not that the question shouldn't be brought up, but focus should be on the rest of the world.
Has anything like this ever happened before to any person/country or entity??? While this will be a major blow to Russia and a breath of fresh air to Ukraine I fear this could have unforseen ripples that really shake up our markets. I could just be a worry wart here but this seems to be a much bigger deal then they are letting on.
Which forces Russia to end the Kiev regime instead of just liberating Donbas and Black Sea coast. The Neocons in Washington started the war in 2014 with the Obama coup and had waged war on Donbas or 8 yeas before Russia was asked to help defend those regions that declared independence, Before this money transfer to the Kiev regime happens, Russia will simple increase the speed of collapse of the regime. The neocons never think through their dreams that always fail. They have already caused Europe into accelerating decline and caused the majority of Ukrainians to leave and never return and cause the west to become stripped of weapons, so rather than allow Zelensky to steal that money, as he has so much of other aid, Russia will ramp up the rate of ending the proxy war Washington started in 2014. Russia has used a fraction of their weapons or weapons production capability. The American people will keep electing people who protect the Neocons who never think things through. They forced most of the world to seek membership in BRICS and abandon the US dollar or trade with US controlled states such as Europe.
@@maldad9073 It's more about the genocidal part comrade, the harsh truth is that very few people care that Russia decided to attack Ukraine, but everybody cares that Russia is actively targeting civilians & using the geneva convention (that they've signed) as some kind of messed up todo list. This is why Russia is doomed, not because it attacked another country or where that country is. Countries attack each-other all the time, that's no reason to get ousted from the global stage, behaving like Russia has been behaving is a very solid reason for it though 🤷♂ Just look at the contrast in response from other countries between 2014 (when Russia somewhat behaved) and 2022 (when it didn't)
Unless Ukraines manpower problems are addressed (which it wont because nobody is actually serious about putting boots on the ground) giving them another 300 billion in western arms that ukranians dont know how to use and need extensive training for wont help.
@@pikkuraami Sometimes comments just disappear. You Tube has a software glitch I am sure it isn’t random, but it seems to be. I have had comments disappear and copy and posted them elsewhere word or word and they are just fine. If You Tube has a problem with a comment they usually block you for 24 hours.
It won't. Those 300 billion will eventually become a loss for the Western monetary system through the loss of natural resources the will be redirected to competitive economies such as Chinese and Indian. That will result in strengthening of alternative currencies and inlation in the USD/EUR.
That was his point about the synergy between ordinary everyday inflation and only seizing the interest. Doing it this way is somewhat parallel to seizing a little bit of the principle each month.
@@Shoelessjoe78 the precedent to steal assets has already been set. It can be lowered in the future for any “offense” the west deems appropriate. That offense need not be an invasion. You’re comment is lacking
@@Shoelessjoe78 taking of assets has been initiated. Thus it follows that in the future the bar for such seizures can be lowered even further. You’re assuming incorrectly that such seizures will stay at “conquest” only. It will not.
There are a few problems with this video. The biggest is that Russia appears to be winning because the Ukrainians are running out of trained soldiers. If Russia makes significant territorial gains, confiscation will have two effects. First, confiscation will incline Russia to continue rather than end the war. Secondly, Russia is more likely to keep rather than return any territory gained as “compensation” for confiscated assets. The result of confiscation will thus be to prolong the conflict and consequently the cost in Ukrainian lives while reducing the chances of Russia returning any land at any peace talks. From these standpoints, confiscation is a bad idea that will prolong the war and cost more Ukrainian lives
Didn't the Russians take a bunch of Airliners that they didn't own? So I don't think taking the assists is that out of bounds. It's going to be messy no matter what is done. Personally, I wouldn't say I like it. This kind of games don't serve anybody.
@@AnthonyOMulligan-yv9cgno Ireland is an ally to Russia….dig deeper….in fact most of the world is now against America as “leader of the free world”….you’re considered a sick joke around the world but your hubris doesn’t allow you to see clearly. Russia seized planes AFTER their planes were seized. No one wants to “work” with you anymore….hence BRICS…
@@Just_another_Euro_dude all the scum love nice villas, the point is on whose money they get it. Btw cutting the wings of the Russian oligarchs who had assets abroad and influenced local politics was a blessing for Russia. Now they are forced to invest their money at home and play nice
Short Answer of the Question : 1. No, do not change anything the War on UCraine, because Ucraine had lost since last october-november, or since Avdiivka, period. 2. Seizeing (stealing) another Sovereign state Money, is a Problem for the European Union, nobody will want to invest money in Europe, this topic called "juridic security of the private property" something Liberals, Neoliberals, and Anarcocapitalist, told everytime, everyyear, that is Sacred in the Capitalism. So the big problem will be for Europe in future. ¿who gonna invest money there , or buy european bonus, if they can steal you?
indeed@@thetruth9210 , they are so used to steal the others, and about this mistake of taking Russian Assets they think will have no consequences for them, But they will be, a Bank who steal its customers money, is a Bank lack of credibilty.
You break it, you buy it. Seems like one party clearly owes another party for damages, plus interest, which is still accruing daily with every attack. Justice.
Seizing is the U.S. choice, if this happens other nations will still want to keep their assets or invest there? Consequently- De-dollar is unavoidable! To be honest, $300 B is just Russia sells it fuel just 1 day. At the same time, $300 B cannot pay off $30 T debt for sure. Good luck!
No , 2014 the Russians didnt "move into Crimea" . They were there for decades and a majority of the population at 2014. When the modern state of Ukraine was fundet there was already a referendum ( 1.December 1991) , where 90,1 % of Crimeans wanted to belong to russia. But the Russians dint want to incorporate them into the RF and preferred the old arrangement that they rented the haven of Sewastopol there. This changed when Victoria Nuland and other US officials had supported the Maidan and Overtrow of President Janukowich and the russians tried to save their military base on crimea. Then they held another referendum there and the mostly russian population voted again for being in the russian federation. You can still look up the referendum of 1991 and the ethnic statistics of crimea over the last 200 years if you dont belive me
207 b in Euro,67b US, 37b Pounds,36b Yen,19b Canadian,16b Australia,1 B SwF,1.8SSP, these are sovereign bonds, and current interest on the Euro 207b 5 billion are held for legal fees, Currently 107 billion have been nationalised in RF and ongoing.
![[UA] Eternal Fire проти NAVI | EPL Season 20 Malta](http://i.ytimg.com/vi/chvlsDygrZM/mqdefault.jpg)
"Special banking operation" had me in tears 😂
Me too! 😅😂
Damn! I came here to say this. haha
@@billy2807 Ditto.
No it didn't.
@@Gaetano.94 😭
I had been calling it a seizure, but Special Banking Operation is way funnier
Just wait until BRICS+ does a Special Operation on the Western Financial System in the near future. I bet the West won't be laughing.
**In Clancy Brown's voice** Epilogue: In a world where you don't run from the law but the law runs from you...
Their weapon: an angry e-mail. ...The only justice made is with rising interest rates and giving no quarter or dime...
Their enforcer: a glassed suit with accompanying suitcase.
...Ready to make you sign over the literal skin on your back... Special. (Dolby fx) Banking. (Dolby woosh) Operation. (Tripod sound a la War of the Worlds)
Ukraine will never gonna get that aid😂
@@nuke_Godjirayou wish, bot
It would damage US dollar globally. Though it has plenty of global reputation to be damaged until the damage surfaces.
Holy fuck Special Banking Operation would be such a funny way to describe it, especially if the US called it that too
You can stop laughing now 🤡.
There are $288 billion of American assets in Russia. Putin signed a decree today saying if any of the Russian money gets sized they'll simply seize American assets in retaliarion.
FJB got outwitted again.
Gotta feeling AmeriKKKunt's special banking operation will turn out to be a complete failure.
Holly shit! You fucked up again! Cry more: Russia has more than 300bln western assets.
The outflow capital from Europe is only accelerating.
India's central bank has moved around 100 tonnes of gold from the UK back to its vaults in India and intends to move more in the coming months.
100 tons of gold is almost 1/4 of India's foreign reserves of the precious metal at the end of March.
Discussions by Western countries about the possibility of confiscating Russian assets are beginning to backfire.
"Special Banking Operation" had me laughing so loud that I startled my dog
Similar thing happened to me. But was my dog shocked because she had already realized that the geopolitical vagaries of such seizures would erode confidence in the USD as global exchange currency (or worse, necessitate questioning the very need for such financial hegemony considering the current realities of deglobalization); or just because of my spit-take at 'Special Banking Operation'.
@@MasDingos Sure. The U.S. dollar isn't going anywhere. The Ruble on the other hand. 😁
It's all about your country's Federal reserve banks
We have a saying in Spain: "100 years of forgiveness for the thief who steals from another thief"
What western country did russia steal from?
Please elaborate on what this means
@@sanelemngadi9324 It prolly means exactly what it sounds like. That a thief who steals from another thief is better liked, because no one likes the first thief who stole your stuff. But everyone likes when that first guy gets his comeupance.
The whole fable of robin hood is kind of like this in a nutshell. If you view rich nobles as the first thief.
@@Destroyer_V0 the first link is the king who commands the nobles to pay taxes, the second is the nobles who persuade (or intimidate) the commoners for coins. The third link is the commoners own fear and ignorance for handing over their daily fortunes. That's what makes the theif so both infamous and beloved, the thief is the "unlinked link" (zorro is my favorite with Robin hood second)
Spain already forgave the USA then for 1898
Probably worth mentioning that if Ukraine gets the full $300B and uses it to buy Western weapons (where they would otherwise receive the same weapons as donations), it's essentially a transfer to the West.
You're not wrong. I offer a counterpoint tho, there are more than a few Americans who are suggesting we stop sending aid altogether, regardless of whether it's a "donation" or something more like lend/lease..
If American support disappears for whatever reason over the next year, that 300B could be the difference between becoming Orcs or staying Ukrainian.
Edit: Amazing pfp, btw. I salute you o7 lol
I'm pretty sure Ukraine is getting more money if they get Russian assets. Russia has done up to a Trillion dollars in asset destruction,(not gdp loss, but asset evaluation,) in Ukraine. And the USA and Europe are probably not going to donate a full trillion dollars of replacement.
@evananderson1455 😂😂😂Ukraine has received close to that amount even know and they are STILL losing and falling back.
Ukraine already speaks Russian as their dominant language, so they will enjoy being Russian. By force if needed.
@@Red-Check-MarkThanks bot
@@evananderson1455 For sure. Alternatively Ukraine may still receive the same amount of donations in addition to the $300B and be far more able to defeat Russia. My point is mostly that there is some financial incentive for The West to give the money to Ukraine.
I’ve said this before but in my opinion at this point the best course of action is to give me the assets.
Based
And then stay out of buildings that have windows that can open on upper floors....
@@casbot71 I’m a ground floor kind of guy myself.
share?
@@jakehandley3366we should do a three way split
Belgian here, we're supposedly using the interests gained on the money parked here to fund aid to Ukraine.
I can see that being a good means of having a continuous stream of funds instead of all spent in one go, and then the bullk of it can be used for post war rebuild and humanitarian aid.
It won’t do anything to the financial system. Investors will be glad to put their money where the country does not tolerate scammers and grifters.
And taken away when you dont go along with some policy.
Belgian finances are always a mess, but don't worry... I bet the City of London and the Caiman Islands are in it with you.
Nice... Slava Ukraini!
“Get excited because it’s time for lines on maps”
Physically starts wiggling with glee
And now the question: You have money from other countries stored in your country, you have confiscated the money of one side, what will the rest do? Correctly, they will start withdrawing their money, what if you consider them not democratic enough and try to steal money from them?
Этот процесс не остановить. Репутация доллара падает. Брикс не на пустом месте вырос
@@andrew_decorbrics is a meme, china and India can’t get along
But again we do not know the line between "reluctant leavers" and "reluctant stayers". They COULD withdraw. But where would they put it? What is so stable? Not the Yuan for now.....else China would have it's OWN reserve currency.
Those countries will not invade neighboring countries so they don’t have to worry about it. It is very simple.
@@SP-pr7gq hm why then so called "civilized" countries can invade and bomb other countries and other who are not "civilized" can't?
9:15 "Without any clear benefit to anyone."
The bloodsucking lawyers--- "Are we invisible to you?"
Well, they don't show up in mirrors, do they...?!
Stop invading other country or u will get what's coming to you.😢
"Seizure" vs "Confiscation" somewhat implies that "a future peace oriented", fully democratic, successor Russian regime, will have a very strong legal claim to be compensated in full over time.
@@t5ruxlee210 If it went to Ukraine's infrastructure & repatriation, etc. efforts, then I doubt it would be in full - since it would be used as principle in rebuilding efforts & so on.
Same idea as paying it from elsewhere, but cuts out a step.
So stealing people money is OK for the western?
Good discussion , however, Russia sees this fight as an existential fight… 300 billion isn’t a leverage point
Correct. The war will be decided on the battlefield.
they could just withdrwa from ukraine and the fight will be over. but i guess it's about Putin's existence as russia's supreme leader
@@yosefyonin6824aww darling, ukraine will attack russia, so russia is not going to get back
No it's not about Russias existence. It's about the current leadership in Russia. Unfortunately, the Russian people have no concept of taking control of their own government.
@@yosefyonin6824 They literally said that NATO not following their agreement and keep expanding to Russia's border. Remember when Russia want to join NATO but get refused? Yes NATO been making Russia enemy ever since Putin still a newbie president who want to join the west at the time. Imagine if Putin joined NATO then Putin will be need to be more "Democratic" to play with NATO guidebook. The West can't see anything past 5 years in the future for their strategic plan-action.
I don’t know how many people remember, but Russia has already seized Western assets- the Western built and financed airframes used by Russian airline operators.
Fair
That was a Russian response to the West freezing their assets and illegally sanctioning them and they continue to respond to any new actions taken against them.
@PatagoniaAriesgiven that a lot of nations, economies, and commodities are based/pegged to the USD especially when many more states rely on that stability for food imports or even outright humanitarian aid, there are better ways to voice your displeasure at the current situation than hoping everything falls apart.
No, they are leased, but western companies refuse to take payments and honor contracts because of the western sanctions, because the payments stop, Russia have the rights to seized it.
@@VodkaPandas so if a bank refuses my mortgage payments, I should seize my mortgaged house? Is that how it works?
The "one-time cost" argument only works if the alternative is threatening seizure at the final negotiating table. A one-time cost that (your opponent believes) you'd never be willing to use has no coercive power in the first place. Of course there are other important arguments about the global consequences of seizure but looking solely at the Ukraine War, it's a tradeoff between the coercive power of the contingent $300bn seizure at the final bargaining table, and the change in the expected military outcome from giving Ukraine $300bn.
The point is that everybody knows that Ukraine would only get a small fraction of that money and the global economic consequences would shake the world, as all investments in the West by Asian and African governments would be considered extremely risky. That would be also the end of the petrodollar and the infinite ability of the US to print money. Then those 300 Russian billion would not be enough to fix the kitchen sink.
@@joek600 u r genius thx!
I think one important issue to ask is, does Russia needs the $300 billion to finance their economy? If they need it, it could be a leverage. At this time, it seems that they don't need it. They are self sufficient. Lavrov and Putin said that. The argument that the money could be use to buy weapons is not a reality. The first thing that will happen is Ukraine's debts have to paid first. Lawsuits will be flying like fireworks to make it happen. The other concern is Russia will file lawsuits in every court to stop the release of the money. It will get stuck in limbo for a few years while Russia is annihilating the Ukrainian soldiers and turning Ukraine into a wasteland not worth salvaging when the dust settled. In the mean time the world financial system will be tearing apart because the US gave countries a clear justification not to use dollars in international transactions, and not to invest in dollars. These politicians have to be fired. They have no common sense. My hyperbolic hypothesis. Just saying.
@@joek600 LOL, that's too big brain for the normies.
What final negotiating table? You mean the one in fantasyland where Putin’s word is worth anything? (Kind of like the ruble)
Either way $300+ billion dollars is A LOT of money, it's at least a few years worth of support and it'll go a long way in this war, it'll also allow other countries that are currently donating a lot to focus more on building up their own stock again.
Money can't buy man power
@@seanmorgan8128 that's true, but it can buy a lot of drones and ammunition
@@seanmorgan8128 Yes it can, it buys you 300 billion dollars worth of weapons.
One point not mentioned in the analysis: the threat of seizing the money may have either 1) already been internalized by russia, or 2) may have been given odds so low by Russia as to not be an effective threat anymore. In the first case, Russia would have already written off the funds as lost, or as an acceptable cost for the war, at which point they no longer represent bargaining power. In the second case, Russia was essentially calling our bluff, only to learn now that we’re following through on the threat.
These situations correspond to Russia putting a near 100% or near 0% probability on our threat to seize, respectively. In either case, it’s effectiveness as leverage is far outweighed by the resource’s value.
We can’t know if these possibilities are actually at play here. But we might be able to learn if the 0% case is at play if Russia responds by internalizing the revealed information that the threat is genuine, and then attempting to bargain to stop the follow through.
If the West seizes all money of states they don't like, nobody will keep their money in the Western banks. The West will lose much more than 300B if they seize these funds.
I’d also like to point out that if the “one time cost” pays for 300Bn of military support, it ends up being a “recurring cost” as those weapons will continue destroying Russia’s economy and remove the need for the politicians of every western ally to politically defend spending their own billions on Ukraine aid. 300Bn would effectively end the war, with Russia on the losing end, and most of that money would end up in the hands of the countries who would produce the most arms and munitions for Ukraine. Win-win-win for Ukraine and the west. No Fing clue why this hasn’t been done already.
@@nathanfausti9213 I suspect more likely west just pockets it and continues aid from old stocks and says "we helped ukraine". US has done it like this so far. some theory even suggests this was plan all along as fiat currencies suck and loose value anyway, with other fiat papers backing loans.
@@effexon That IS a major concern. I think the current US administration is waiting for the likely full control of congress after the next election so that they can disburse the funds for legitimate reasons without having to fight the republicans trying to line their owners’ pockets. 🤷
Does anybody know the value of the assets that western businesses had to leave behind in Russia at the start of this war including structures investment and hardware and if Russia adopted these or if Russia is considering reimbursing these companies.
Russia will have to wave goodbye to these assets just like the west has to its assets and investments in Russia.
“Special banking operations” 😂
People who do not understand that a Bank Stealing money from their Costumers, is a Bank that loose credibility, if they do not understand this basic concept of the economy, those people is Dumb,
Stealing this assets is Fatal to Europe, could be a Problem for Russia, but is Lethal for the European Bank system in general.
A man standing before a Judge in COURT:
JUDGE : You are charged with armed robbery of a BANK -
DEFENDANT: no YOUR HONOR - it was a special banking operation
and there is legal precedence that it is allowed by law.
It's not just the amount of treasuries china holds but their duration. China was I believe already moved mostly into short term treasuries and thus are rolling them over relatively rapidly. Which means they can get out or reduce their position relatively rapidly. So to get accurate sense you have to know both total and distribution of durations.
Ah, now that is interesting. I thought China was mostly moving out of US Treasuries and into gold because it expects to be shut out of the global finance system when it invades Taiwan.
Or it could be WW3💀💀💀
USA doing the most because America is desperate
I will never stop watching this channel
It's not 'theft', it's a totally legal financial annexation
It’s all about the money, honey.
Yes. It’s always been about the money. The US doesn’t have to use use any military muscle to invade or fund revolution in foreign countries to allow American corporations to extract wealth from foreign lands; now they can just steal foreign assets held in their country.
This 300 billion Russia assets in the west, was deliberately left in the west for this purpose so that the third world can see that the west can seize any country’s assets, if they do not follow western interests. It is in fact a cheap amount of money for Russia to “spend “ to snowball dedollarization. This is why BRICS+ will become more important in future decades, especially if they introduce a digital currency.
As well, Russia and China have shown that it is possible, in a multipolar world to survive US sanctions with their support. It is evident now, that as more African nations throw the yoke of western exploitation, by ousting pro-western governments through coups, they can rely on the support of Russia/China for military security and economic development.
The 300 billion is a poison pawn gambit left by Putin for this purpose. He could have repatriated the funds prior to invasion but did not.
As well, the assumptions in the video are that Ukraine has a chance of winning this war against Russia; there was never a chance without NATO committing troops on the ground and more powerful weapons. Ukraine will simply run out of manpower in a war of attrition, and these limited weapons will not tip the balance of war. Most of the Russian casualties in the early part of the war were irregulars, conscripts from prisons, using old military Soviet era equipment. They did not even commit their full armed forces. The Russians have also held back their full arsenal which they might deploy in the event of NATO direct intervention.
American aid is book value of replacement of mothballed equipment sent to Ukraine. Not worth the storage cost.
all this war, was only about Money, never was about freedom or democracy, or the Usual Lies, United States invented since Vietnam, it always had been about using War as an Scheeme of making money.
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Putin launches a 'special banking operation' when he visits the atm, followed by a 'special food aid operation' when he then gets lunch. Later, a 'special evacuation operation' takes place in the restroom right before the 'emergency relief operation' in the form of an afternoon nap.
I would call it an emergency strategic absorption of funds.
NATO could’ve done this like way earlier but chose not to because if seizing does ever happen, the consequences would be devastating to financial stability, security and eventual downfall of US dollar. Beside the weapons can be replaced but what can’t replace is Ukrainian manpower and without manpower you are doomed even if you receive $1 trillion
A calculation the Russians also need to make. Their demographics aren’t so hot.
@@harleyb.birdwhisperer whatre you talking about? They have a massive garrison
@@harleyb.birdwhispererlol only like 3-4 times the population of Ukraine.
they are NOT paying the entire 300 BILLION, Only the INTEREST on the 300 Billion.
@@lacasadelvideojuego3880 USSR defeated the Third Reich in WW2 with only 3x the population and even then so by using literal meat shield stratergies
It is crazy to me how little people understand that seizing Russia's funds is only going to spelll the end of the west financial system.
The West is already losing it's hegemony with it's outdated policies. There's already a movement going on in the world working towards a new multipower order.
There is no great mystery here. Most people are morons.
That financial system is very shaky without further prodding.
Because it's not true? If you thought your wealth was beyond the reach of the state you were banking with.. your were just deluding yourself. If you thought you could launch a war and kill a few million people.. and the allies of those people would say 'your money is good".. then your a fool! Everyone who has a Chinese bank account knows this!
Red necks
Heck yes! Congratulations on being included among peers in a journal; always good stuff!
I like the "special banking operation", it sounds somewhat familiar.
300 billion in exchange for whole of Ukraine seems like a fair trade.
The thing is the roadblock is actually not the Russians or their response, but the downstream implications. Take at the look at the list of the largest sovereign wealth funds in the world. Notice what countries are on in the top? Saudi Arabia, China, Kuwait, UAE all sitting on trillions of dollars, all with shady human rights record. If Europe decides that a war in which they are not part of is enough of a justification to seize assets, then suddenly all of those countries' wealth is liable to be seized. (Saudi Arabia, Kuwait, UAE literally invaded Yemen, China and Taiwan). There could be a chilling effect in which those countries might decide to deprioritize Europe relative to the rest of the world.
Why does that matter and why are the Americans less afraid of it? Well Europe has been struggling for a long time of their capital markets being second fiddle to the US capital markets. Companies large and small are ditching European exchanges to go to America, start-ups are decamping to the US because it is easier to get funding, etc. If the Saudis, Chinese, Kuwait and UAE governments of the world decide Europe is not even worth to hedge against US political risk, then Europe is permanently dooming it own capital markets.
You share my concern. This action could have the unfortunate effect that it props up something like BRICS or another competitor to the US hegemony.
@@destroyerkuroshiokaiBRICS is a meme, there is no actual competition
Dude. This is literally just doom mongering. Europe will do just fine. And if China invades Taiwan, nah shit this will happen to them to. This not new information for any country.
Also, you are incorrect. The biggest wealth fund in the world is Norway. You don't see Norway shaking. Why? Because Norway doesn't abuse the rules of the Global Financial System. A financial system without enforced rules is a system investors fear.
The reaction of Gulf countries quickly followed the asset freeze, namely, they do not cooperate with other sanctions, or evade cooperation. UAE became an important intermediary for Russia, KSA became a major customer for oil products. OPEC+ cooperation seems to tighten. It does not help that they were routinely vilified in Congress, so the perspective of asset freeze for them was not absurd. The question is if that was one-time cost, so seizure makes no further difference, or not. I think it increases the risk of a breach between the West and the Gulf resembling 1970-ties, the Western role in Gaza is deeply unpopular there, the implicit threat of asset seizure may convince the elite to follow the popular opinion.
@@Brent-jj6qi That's the thinking that brought us where we are today.
The morally correct choice is obvious and I'm amazed this still a debate.
It is still a debate, sadly, because there are people who think morals are what happen to other people.
That might be true, however the morally correct choice might not be the correct strategic choice.
Morally and strategically correct. At this point giving Ukraine 300 billion to buy arms would devestate Russia militarily. The world's grey area actors will still keep their money in the west because western institutions still add value in ways the alternatives do not. China is already heavily incentivized to provide alternative banking structures. If they could, they would, but they are in no place to do so right now.
The problem with using leverage too late is that it’s value changes with the state of the war. If russia takes half of kiev before such negotiations start, they will lose alot of value, since the outcomes of using it will be worse than using it while ukraine has more bargain power.
This leverage is a power multiplier during negotiations, not a flat amount.
Congrats on the peer review publication. This sounds like a wonderful tool. Keep up the good work.
William a very good video demonstrating the ebb and flow of Sequestrated Cash as well as the dangers associated with it. Thank You. Congratulations on your Peer Review.
I heard a real life story about a one time cost. A couple decages ago the New Orleans Police forces was threatening to go on strike shortly before Mardi Gras. That, off course created a mild panic (if there is such a thing). Then the police made the strategic mistake of actually going on strike. And the city got down to the job of what to do about the problem and the police lost all their leverage and public attention. As a proverb you might say; Leverage is like a hostage.
8:53 Well, having worked governmental law for a decade now I'm willing to take a gamble. Even across jurisdictions, in law a few things tends to matter:
1 - Who does what, who is the actor?
Actors are the one who can commit an 'unlawful act' as most law systems define it, and face consequences for doing so. Remember: If you do something that's not unlawful, that's your prerogative, it wouldn't be legal otherwise. You can never be punished for doing something legal.
Example: If I sell a 125K house for 230K because the market is crazy, that is okay. If I sell a 125K house for 230K because I lied and hid structural defects, that's an unlawful act and I can be sued. If they sue me for 'The market is crazy so we had to bid that high voluntarily to get it, now we demand his money', my defense will be to shrug, grin, and watch the judge berate the buyers.
2 - Which law field governs a matter?
It's pretty widely established that private law forms (contract law, civil law, etc) should not intrude on governmental law. It would be anti-democracy as private contracts could outstrip the power of elected governments. Jumping across law fields so one intrudes on the other is rare.
Analysis: The US government (actor 1) acts to seize Russian regime (actor 2) funds. This is their prerogative as per the power invested in them via elections, governed under US governmental law.
Simpletons (actor 3) who still had money in Russia did so of their own free will, likely a profit or tax evasion motive. The theft of that is under Russian governmental law.
Does an act by the Russian regime (actor 2) in Russia under governmental law, create a private law obligation in the US, because the US government did something that's their prerogative under US governmental law?
No it does not. Neither the actors nor the law fields have a direct relation. What actor 1 does to actor 2, has no direct bearing on what actor 2 does to 3: That's actor 2's fault.
Unless you have a signed contract by the US state secretary saying 'We feel obligated to compensate you for you perpetrating tax fraud with Russian accounts, you voluntarily agree that you may sue us, we love US tax dollars going to the criminal underworld and the semi-criminal level of international business'.
Simpletons sueing the US government for losing their tax defrauding Russian account should fail, should probably be marked as malicious litigants, and should be sanctioned in the legal sense. I've long argued to disbar lawyers who take on such meritless cases.
Sounds like this is the same as with small nuclear weapons, they're strongest when they are not used, but have a potential of being used
I almost had a seizure hearing that word so often, so I will refer to it as a 'special banking operation' from now on. That option sounds the best to me.
Thats not going to give other nations a reason to join BRICS at all
BRICS is one giant meme
@@nuggets1833 its actually a pretty big club, and you aint in it
@@r.m2072 Some day soon you will realize its a club of countries taking the piss on Russia, go look up how much Russia has invested vs the rest of them, go look at their plans, go get some actual info about BRICS, it's actually comedy gold, some "partners" of Russia (nope) literally bleeding it dry while Russia cheers to you indoctrinated lot about forming a new currency that no other countries have any interest in trading 🤣
Its like monopoly money but Russia gives it value and the rest of BRICS are laughing their ass off trading it back to their local currency, economic warfare right under your noses but you're too busy cheering to realize 🤷♂
@@r.m2072 thank god
Imagine living in an actual kleptocracy, but you're mad a different govt is thinking about taking your money to repair your neighbors nation that yours illegally destroyed.
See, I've always had the notion that when someone's bank account and assets get "frozen", the owner basically writes off the account on the assumption that the money will be "confiscated" in a special banking operation by the government. This is interesting to hear being debated because it's exactly what I thought was already happening for years.
BRICS, a golden opportunity!!!!!!!!!!!! Take it.
They would, if not for the I-India. For all the financing of the war that India allegedly did by buying discounted Russian crude, it is STILL very very WARY of China. As was evident in the 2020 border clashes. If it would be, it would be more like a "Eurasian common currency" Russia+China+ASEAN.
BRICS was a mutual fund scam. Fidelity emerging crap holes.
So the whole of Europe still using Russian roubles to buy some Russian gas aren't funding the war. Only india is.
I can't wait for Europe and usa to seize and take the Russian funds.
85% of the people on earth in the global south will simply fall to the brics currency. In 50 years Europe will be like Africa and Africa will be like Europe. I used to think Europeans has foresight but you have elected the worse leaders who will take Europe to the third world. The global majority already have seen the hypocrisy of usa and Europe in Gaza Taiwan and Ukraine so BRICS currency backed with Gold and two world powers China and Russia backing it, since the west always want to be the school bully the school is beginning to turn on the bully and the seizure will fast forward it.
@@Grand-Rose😂😂😂😂😂😂😂😂😂
Ah yes, Brazil where machine gun fire into favelas is a common policing action, Russia whom is not a wealthy nation, India who dislikes China and doesn't trust Russia as well as not being interested in making enemies. China who will not tolerate any power being in the hands of people outside China and makes up around 77% of BRICS economy. Finally south Africa a literal failed state that can't maintain electricity or clean water utilities even in their own capital.
What a powerful club of losers they are
For anyone struggling with the concept that the cost of war decreases for Russia if Ukraine gets frozen assets, you can think of it another way. Think of the unseized frozen assets as a benefit or incentive. Russia is incentivised to end the war to the tune of 300 billion dollars. Giving this to Ukraine removes Russias incentive to end the war.
The greatest leverage is in threatening to give it to Ukraine but keeping it frozen to stay as an incentive to negotiate.
A possible 3rd option I've not heard could be to keep the 300 billion dollars frozen but adjusting it to the rate of dollar inflation so the incentive or effective cost of war stays about the same for Russia, and then any increase in value of the assets beyond the rate of dollar inflation could be given to Ukraine.
Russia has seized a lot of western assets as well as western companies abandoned Russia when Russia was sanctioned.
Russia doesnt really care they would be idiots to expect the money back after going so far
Soooo you do realize there are 1000s of speeches online of Putin trying to initiate peace agreements and 1000s of American politicians screeching like insane banshees right? And you do realize that other world citizens watch ALL the worlds news and see the hypocrisy…and at least 75% of the world population don’t think America is as great as Americans think they are….you’re only 4.5% of the world citizens….extreme hubris you all have….more countries will want little to nothing to do with you all very soon….it’s already happening….
Cope harder 🤣
Of course tube removed my comment 😅😅….no “standards” broken…stop fooling yourselves….lol
Many nations are selling their dollar bonds and buying gold or saving their currency like Japan and China.
Yes that will continue to accelerate. The dollar is finished and every body knows it.
@@johnbodman4504 What are you planning to transact in... gold bars? LOL!
Um, China's broke. Evergrand's debt is equal to the US debt. Then there's Country Garden...
50% of China's manufacturing is down.
Many nations are selling their dollar bonds and buying other assets denominated in dollars. Or if they are selling their dollars to someone else, that someone else is buying dollarized assets. That's just how national accounts work, but I realize someone with the handle "multipolarworldorder" probably isn't interested in acknowledging that.
Haha no way! Putin pulling coins off a massive frozen piggy bank? The Willy Span Picture Cache just keeps on giving!
I would be more concerned about how the seizure would affect the world financial system. I think not to the benefit of the West. Who would want to invest in the West when they know their money might be confiscated and never returned?
Take it so everyone won't invade another freedom loving country
Iraq, Lybia, Afghanistan, Syria etc would disagree
@@PeterLamin-pi6rvI won’t argue the Iraq or Syria but the other 2? Next time don’t be a authoritarian dictator or a terrorist state
Best comment here!
@@stargazer-eliteAnd who the hell are you? to decide how they should live!! Who gave you such a moral right!
@@Lord_Cointoss are you seriously supporting a terrorist organization? Ignoring the Libya part . No matter what Afghanistan was still being ruled by a terrorist organization. There should be no such thing as terrorist organizations in the modern world. There is no place for indiscriminate, anarchy and killing of innocent lives for no other reason, but to spout fear. And the guy who lead the attack on the US was literally in there before he fled to Pakistan. Are you expecting a criminal to get away with crimes? That’s like saying we should let Putin off the hook for his by UN definition genocide of Ukraine.
The book segway is getting smoother every video
Neat.
Segue, baby. Segway is the two-sheeled thingie. 🙂
bro,why u have same avatar pic?
the frozen assets is not going to have any effect on the outcome of the war, the reason for the war is not a economic one.
@andreassag Ukraine is running very low on soldiers , no amount of economical aid is going to change that.
The sociopaths reasons for starting the war do not matter. If Putin can’t financially sustain a war against a well- equipped and funded Ukraine he will lose. Crippling Russias economy with tougher sanctions and supporting Ukraine is imperative. He knows he cannot fight multiple nations and that’s why he uses nuclear threats to keep us at bay.
@andreassagUkraine is running out of men, by the time those so called factories are built, there will be no one to use the produced weapons! The problem with the west is that they are short sighted : first they sanction Russia , but we can all see that it has backfired and Europes economy is hurting badly , confiscating Russian assets will seem like a good idea in the short term but in the long term, the credibility of the western financial system will be damaged hence the emergence of rival payment systems to swift .Just look at how long sighted the Chinese are , with the ancient wisdom that they have , they have been very patient with Tiwan knowing that one way or another Tiwan will surely one day be under the direct rule of Beijing this is while America is itching to start a conflict with china, but the Chinese are patient and have concentrated on growing stronger every year and know exactly when they will take Tiwan .As for Europe, it has become so dumb that it can't think for itself and know what's good for it, it now uses America's brain to determine what's good for it yet america makes a lot of profit from Europe's misery, just check who benefited the most from the bombing of the Nord stream pipe line, they are now making billions while countries like Germany suffer economically!
@@tonnypedersen5915 1 million in active duty, 2 million in reserve, 31k soldiers lost. Very easy to find information, nice try boris.
The funds will most likely be used to help rebuild their country, because we all know that Russia won't exist for long enough anymore after their failure to pay for the damages.
It won't have an effect on the outcome of the war, this is true. Russia already lost this war by overplaying their hand in 2022, you should've been happy with Crimea and leave it at that. 300B extra for Ukraine or not isn't going to change anything about the way the world sees Russia or the other funds & materials that are currently flowing into Ukraine.
“A special banking operation?” Priceless!
Thank you for link to your other "Sage Journal" articles, very informative and interesting reading. And the same for this video.
Its one more nail in dollar's coffin.
You watched the entire video, it’s breakdown of various options, pros vs. cons, risks vs. mitigating factors, that the seizures will be done in concert with the stable, internationally-traded currencies. And that was your one takeaway? Meanwhile, the USD has recently been rather strong.
@@AA-ch7yw what he’s saying is that other nations are going to be very cautious about western investment since their assets can simple be seized.
@@deborahhoffman3941 that’s certainly one of the potential consequences discussed in the video. I was goofing on OP for missing every level of context and nuance.
As far as foreign hesitation about using western currencies as reserve currencies. I suspect the risk is low. With the exception of the renminbi, western reserve currencies are the highly traded free-floating currencies of large economies with stable and transparent systems. The renminbi will never be the dominate reserve currency as long as it keeps strict currency controls and there is low transparency into its financial system. It’s also… well, fixed to the valuation of other world currencies. I also suspect other countries are highly worried about a slippery slope of willy nilly seizures. Russia elected to do something horrible and disruptive on an astronomical scale. I don’t think a lot of other nations are planning to launch 1930’s-style mass invasions of conquest and annexation. Well, except for China.
Short it.. go ahead! You wont!
@@thetruth9210 2-3% target inflation is a feature of a good currency, not a bug.
So the dollar is doing well relative to the other means of exchange that together comprise the vast majority of financial transactions that occur daily in our multi-trillion world economy? That’s a sign of a collapsing currency to you?
Please provide your definition of an inherently, not relatively, strong currency in the context of the real modern world in which we actually live. Provide a real world example of this inherently strong currency, that is in a large enough supply for trillions of international transactions. If you are going to say something about the gold standard or crypto, stop right now. Gold standard isn’t viable. People that believe crypto is a viable currency are financially illiterate Dunning Kruger poster children.
Here’s an Question:
What would be better for Ukraine in the long run:
⚪️Donating ALL of the frozen money to Ukraine (give or take $300 Billion) in one huge lump sum, and thus saving their NATO Allies that much in donations for the next while, but potentially opening the door to a slew of nasty future complications?
⚪️OR Donating the totally of said sum’s collecting interest from since the day it was frozen, and continuing to do so until the day the war is concluded either way, giving Ukraine Less money up front BUT giving them a steady lifeline of money that could possibly eclipse the initial sum if the war drags on long enough anyway, without also opening the can of worms the first option would entail?
The first helps Ukraine reach total victory, the second helps with negotiating peace with Russia in a military stalemate.
@@injest1928
I have an idea that can help do both:
Have Ukraine receive the accumulating side money, but ALSO throw in an additional 100 Million from the frozen assets themselves for every month of the war. This gives Ukraine a decent amount of money in the long term AND pokes Russia in the side every month with the knowledge that their own assets are slowly bleeding into Ukraine’s pockets to save them from the war said assets were supposed to fund, without going full overkill. It’d be like being forced to watch individual grains of sand from an hour glass fall… Drop Drop Drop, Drop Drop Drop.
The west has been way too unreliable to think they won’t renege on any ‘long term’ agreement …,Bird in hand and like that ….
@@injest1928 total victory over a nuclear state?
@@injest1928 neither will result in Ukraine's victory. Ukraine doesn't have man power to fight Russia. Every Russian over the age of 18 has 2 year military experience, and tons of poorer rural folks to go join the military. Most Ukrainian men that are fighting right now are your ex plumbers and ex electricians in their 40s and 50s. They are fighting vs Russian 20 and 30 year olds.
Interesting that Switzerland doesn't have a measurable amount of the Russian overseas sovereign wealth.
Yeah, also just googled it and I get figures from 7.5 to about 9 billion. That's probably not enough for switzerland to work with NATO on this. Sending the russian money to ukraine seems to just be a bad move for switzerland to make(stategically not morally bad)
They do, held in Chocolate Reserves
Hehe, the money is hidden there - means you wouldn’t know how much it actually is or to whom it belongs.
They do, but they are hesitant to release it because they’re still worried about reparations from World War II. It’s time to get with the program and start living in THIS century, Switzerland
Too busy counting gold teeth in their vaults
In Russia you are obliged to call it a special banking operation
Author ignores the other side of the Balance Sheet. Western Investors have roughly $600 bln of Russian assets. Roughly 300 bln of that is Equities and Bonds while another half is private Debt and private Equity think of Oil megaprojects. It seems both sides have significant exposure, but Western frozen assets in Russia get hardly any coverage in the press. I used Brookings Institute stats would be curious if there is another source for the numbers.
lines on maps
Lines on Banks…
lines on graphs
You have forgotten one problem Mr Spaniel, the main part of that assets are in the EU and EU Comission and EU Parliament lawyers were too clear with Comission and Parliament, seize those assets would be illegal unless they declare war against Russia, and doubt they will do that, because if they do that EU would fall from within
@shintaiden no, they'll not because that would be a problem for our politicians, seems its you who don't get EU
Congrats on your publication 🎉
As a Canadian, I feel I need to interject about our position on the "Spectrum of Dodginess". The place you set us clearly was "Peacetime Canada", as everyone knows "Wartime Canada" would make Vlad Tepes of Wallachia say "woah, chill."
This will force other countries to dedollarise their assets. And it will further put pressure on gold market. And we will be back to square one.
17:35 if the seizure does not in fact create bargaining leverage, and here it does not, you might as well impose the one time cost and seize.
You're literally calling for the west to destroy its own financial system. This would be legalized theft. Theres no other way around it. It is theft pure and simple.
"It will change the invasion"
...
-Yeah right! 😘
China is collapsing right now.
So hard to care about what China feels.
Not that the question shouldn't be brought up, but focus should be on the rest of the world.
Has anything like this ever happened before to any person/country or entity??? While this will be a major blow to Russia and a breath of fresh air to Ukraine I fear this could have unforseen ripples that really shake up our markets. I could just be a worry wart here but this seems to be a much bigger deal then they are letting on.
As a Canadian, I call the "seizure" of 300 billion dollars of Russian money....... THEFT.
What do you call the Russian seizure of the assets of western companies that happened in the last two years?
Which forces Russia to end the Kiev regime instead of just liberating Donbas and Black Sea coast. The Neocons in Washington started the war in 2014 with the Obama coup and had waged war on Donbas or 8 yeas before Russia was asked to help defend those regions that declared independence, Before this money transfer to the Kiev regime happens, Russia will simple increase the speed of collapse of the regime. The neocons never think through their dreams that always fail. They have already caused Europe into accelerating decline and caused the majority of Ukrainians to leave and never return and cause the west to become stripped of weapons, so rather than allow Zelensky to steal that money, as he has so much of other aid, Russia will ramp up the rate of ending the proxy war Washington started in 2014. Russia has used a fraction of their weapons or weapons production capability. The American people will keep electing people who protect the Neocons who never think things through. They forced most of the world to seek membership in BRICS and abandon the US dollar or trade with US controlled states such as Europe.
I like Special Banking Operation......excellent...
🍻
The question is how will the rest of the world will look and at Seizing Russian Assets.???
BRICS will grow larger.
They may conclude that waging a genocidal war on their neighbours can negatively impact their profits….
@@yurilytviak9066 So it's only OK to wage those wars on other parts of the globe, just not the neighbors?
@@maldad9073 It's more about the genocidal part comrade, the harsh truth is that very few people care that Russia decided to attack Ukraine, but everybody cares that Russia is actively targeting civilians & using the geneva convention (that they've signed) as some kind of messed up todo list.
This is why Russia is doomed, not because it attacked another country or where that country is. Countries attack each-other all the time, that's no reason to get ousted from the global stage, behaving like Russia has been behaving is a very solid reason for it though 🤷♂
Just look at the contrast in response from other countries between 2014 (when Russia somewhat behaved) and 2022 (when it didn't)
@@yurilytviak9066you mean IDF on palestinian lands?
Stellar work and presentation ❤❤❤❤
Unless Ukraines manpower problems are addressed (which it wont because nobody is actually serious about putting boots on the ground) giving them another 300 billion in western arms that ukranians dont know how to use and need extensive training for wont help.
Since Russia has already seized Western assets in Russia it would just seem fair to compensate those who have had their assets seized by Russia.
Odd, I wrote essentially same thing and got my comment removed. 🤔
@@pikkuraami Sometimes comments just disappear. You Tube has a software glitch I am sure it isn’t random, but it seems to be. I have had comments disappear and copy and posted them elsewhere word or word and they are just fine. If You Tube has a problem with a comment they usually block you for 24 hours.
You want the "soviet empire" back? Sure, you can have it just like it was in the late 80s.
Weidly, Putin seems to think those times were great!?🤔
It won't. Those 300 billion will eventually become a loss for the Western monetary system through the loss of natural resources the will be redirected to competitive economies such as Chinese and Indian. That will result in strengthening of alternative currencies and inlation in the USD/EUR.
"special banking operation" i spat out my coffee lmao
Can you take a little every month the war goes on?
That was his point about the synergy between ordinary everyday inflation and only seizing the interest. Doing it this way is somewhat parallel to seizing a little bit of the principle each month.
Europe seizes Russian assets.
Every other country on earth: 😳
“I think we should take our money out of Europe.”
Not really...most aren't going around invading everything in sight.
Smart comment
@@Shoelessjoe78lol kid, north america ans europe bank will lose clients and money
@@Shoelessjoe78 the precedent to steal assets has already been set.
It can be lowered in the future for any “offense” the west deems appropriate. That offense need not be an invasion.
You’re comment is lacking
@@Shoelessjoe78 taking of assets has been initiated. Thus it follows that in the future the bar for such seizures can be lowered even further.
You’re assuming incorrectly that such seizures will stay at “conquest” only.
It will not.
There are a few problems with this video.
The biggest is that Russia appears to be winning because the Ukrainians are running out of trained soldiers. If Russia makes significant territorial gains, confiscation will have two effects.
First, confiscation will incline Russia to continue rather than end the war.
Secondly, Russia is more likely to keep rather than return any territory gained as “compensation” for confiscated assets.
The result of confiscation will thus be to prolong the conflict and consequently the cost in Ukrainian lives while reducing the chances of Russia returning any land at any peace talks.
From these standpoints, confiscation is a bad idea that will prolong the war and cost more Ukrainian lives
Peskov calling the west thieves will be ironic.
It'll just collapse the dollar even faster.
If you watch the video that very thing is talked about and that particular is concern is addressed. The collapse of the dollar is far from guaranteed
Trillions of those green never to be repaid debt notes will lose automatically every sense of value once the theft is completed
Didn't the Russians take a bunch of Airliners that they didn't own? So I don't think taking the assists is that out of bounds. It's going to be messy no matter what is done. Personally, I wouldn't say I like it. This kind of games don't serve anybody.
Yes, $ Billions Worth from Ireland
@@mitchyoung93 not that surprising that those companies don't want to continue doing business with someone with a recent history of breaking contracts
@@AnthonyOMulligan-yv9cgno Ireland is an ally to Russia….dig deeper….in fact most of the world is now against America as “leader of the free world”….you’re considered a sick joke around the world but your hubris doesn’t allow you to see clearly. Russia seized planes AFTER their planes were seized. No one wants to “work” with you anymore….hence BRICS…
@@Dommifax They can't continue because of western sanctions, not because they doesn't want to, lol
The west was the first to start seizing russian planes. The west will lose against Russia.
Congrats for your publication!
Some don't see the big picture but they will.
Two years late
300 BILLION dollars?! Ukraine might try to buy a Ford class carrier...
Or some villas in coastal Italy
@@joek600Russians love that. But no more 😢.
😂😂😂😂😂
@@Just_another_Euro_dude all the scum love nice villas, the point is on whose money they get it. Btw cutting the wings of the Russian oligarchs who had assets abroad and influenced local politics was a blessing for Russia. Now they are forced to invest their money at home and play nice
8:50
That's like suing opec for inflating the price of oil
For starters the interest should go to Ukraine monthly
Make a video on India's role in this war pls
The only thing more annoying than Russian trolls are the Hindi nationalists in the comment sections.
Are you Jew ?@@badluck5647
What Role and.......Who Care's?
@@badluck5647 "hindi" !???!?!?!?!? nationalists? (hindi is a language!)
@@Grand-Rose
No one cares about your spell checks
Short Answer of the Question : 1. No, do not change anything the War on UCraine, because Ucraine had lost since last october-november, or since Avdiivka, period.
2. Seizeing (stealing) another Sovereign state Money, is a Problem for the European Union, nobody will want to invest money in Europe, this topic called "juridic security of the private property" something Liberals, Neoliberals, and Anarcocapitalist, told everytime, everyyear, that is Sacred in the Capitalism. So the big problem will be for Europe in future. ¿who gonna invest money there , or buy european bonus, if they can steal you?
indeed@@thetruth9210 , they are so used to steal the others, and about this mistake of taking Russian Assets they think will have no consequences for them, But they will be, a Bank who steal its customers money, is a Bank lack of credibilty.
You break it, you buy it.
Seems like one party clearly owes another party for damages, plus interest, which is still accruing daily with every attack.
Justice.
Pretty easy to understand. Can you go into the US companies buying land, like Blackrock.
Seizing is the U.S. choice, if this happens other nations will still want to keep their assets or invest there? Consequently- De-dollar is unavoidable! To be honest, $300 B is just Russia sells it fuel just 1 day. At the same time, $300 B cannot pay off $30 T debt for sure. Good luck!
It's not Theft, it's a Special Banking Operation! 😂
That money is already seized,,they don't want to give it back. Talking about give to Ukraine, Russia never stole money from Ukraine...😮
Good point
You are living in a fantasy world. If you got something peer reviewed, it is only a measure of the neuron deficit on this topic.
No , 2014 the Russians didnt "move into Crimea" . They were there for decades and a majority of the population at 2014. When the modern state of Ukraine was fundet there was already a referendum ( 1.December 1991) , where 90,1 % of Crimeans wanted to belong to russia. But the Russians dint want to incorporate them into the RF and preferred the old arrangement that they rented the haven of Sewastopol there. This changed when Victoria Nuland and other US officials had supported the Maidan and Overtrow of President Janukowich and the russians tried to save their military base on crimea. Then they held another referendum there and the mostly russian population voted again for being in the russian federation. You can still look up the referendum of 1991 and the ethnic statistics of crimea over the last 200 years if you dont belive me
"Blabla im a vatnik"
207 b in Euro,67b US, 37b Pounds,36b Yen,19b Canadian,16b Australia,1 B SwF,1.8SSP, these are sovereign bonds, and current interest on the Euro 207b 5 billion are held for legal fees, Currently 107 billion have been nationalised in RF and ongoing.
Thank you again Mr Spaniel, very good analysis. What about Russia not paying their debts to the west? Isnt it even more then potential assests seized?