World power equilibriums will shift, with a weakening Europe and Russia. America and China win. No thoughts on the Emirates, though they possess that black gold offcourse.
SWIFT ban begins
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World power equilibriums will shift, with a weakening Europe and Russia. America and China win. No thoughts on the Emirates, though they possess that black gold offcourse.
This is where we disagree. The people in Russia can't do anything to Putin because look at how easy it is for him to block all the demonstrators. It has to be the rich people who start to lose their access to the world that have to put the pressure on Putin.
Correct we do disagree.
Only need to look to the U.S.S.R. satellites as examples, of course once the dam broke too.
Twas but a love bite, normally applied to the neck but.
Next day after school, took the bowl of food and a broomstick.
I set the bowl down and pushed it over with the broom.
Once bit, twice shy.
Looks like we'll then see more Swiss bankers being roughed up by Russian mobsters.
Those dumb politicians do not know that there are other ways to do business outside SWIFT. Just like what Jamie Dimon said. There are several work-arounds to avoid SWIFT.
What this move does is to drive Russian transactions outside West banking systems. This make those transactions hard to track. I'm not saying this is underground, but same meaning.
If you do not have a credit card and do not have a bank account, can you still pay to buy lunch, an Apple iPhone or a new car? Sure you can.
Companies can even do barter trade. No money exchanged.
What this move does is to drive Russian transactions outside West banking systems. This make those transactions hard to track. I'm not saying this is underground, but same meaning.
If you do not have a credit card and do not have a bank account, can you still pay to buy lunch, an Apple iPhone or a new car? Sure you can.
Companies can even do barter trade. No money exchanged.
Those "dumb politicians" realize that all this creates friction. ENORMOUS friction. As an analogy, if you're cut off internet, you can still fax things. But it creates friction. Friction reduces efficiency. Reduced efficiency cuts into profits. The more friction, the less efficiency, the profits evaporate.
Russian economy will crater due to these sanctions. It was very far from being healthy to begin with. This will destroy it. Putin is "в глубокой жопе" and the rest of Russia is there with him. And will continue to be in it until they topple Putin, apologize, and pay reparations to Ukraine.
Russian economy will crater due to these sanctions. It was very far from being healthy to begin with. This will destroy it. Putin is "в глубокой жопе" and the rest of Russia is there with him. And will continue to be in it until they topple Putin, apologize, and pay reparations to Ukraine.
US and EU could impose a limit or ban export or import certain goods (such as grain, agri-products, fruits, chips,... anything that could be used to support the Putin's I-wanna-to-be Tzar effort) or create quotas for quantity, impose special tolls, taxes, banning freight or transport vehicles, freeze or seize freights, assets, bank accounts
or even call for a general strike for a week in Russia. it'd occur probably when more body bags are coming home.
as long as materiel support from the West keeps streaming in to sustain the war, Putin's war is going to end like the Afghanistan's war.
or even call for a general strike for a week in Russia. it'd occur probably when more body bags are coming home.
as long as materiel support from the West keeps streaming in to sustain the war, Putin's war is going to end like the Afghanistan's war.