The Demolition of Russia's Economy

[TreeFrogTrader]

You're talking about a long game. Hot wars tend to be here and now.

It is not an either/ or. They intersect.

For example, the Taliban have taken AFG back to the stone age again.

EXCEPT.......for some reason they have still allowed the people to have internet access and smartphones.

Big implications, current and long game and when they fighting. It impacts all areas of their lives. Netflix, smartphones, internet in general, etc are transmitters of western culture.

 

[exGOPer]

Russia has said it has started to limit the sales of essential food to limit black market speculation and ensure affordability.

The trade and industry ministry over the weekend said there had been cases where essential foodstuffs had been purchased “in a volume clearly larger than necessary for private consumption (up to several tons) for subsequent resale”.

The move comes as the sanctions against Russia start to bite.

 

[exGOPer]

EU Aims to Cut Dependence on Russian Gas by Almost 80% This Year

 

[Tsing Tao]

War has a big bad rub too...killing innocent people and soldiers who just want to defend their land.

There is no painless solution.

If crushing the ruble causes financial crisis in Russia, let Putin and his wealthy friends who are sitting on billions step in and help. Far better than having a 6 week land war in someone else's country and then soldiers leave and a shit show is left behind. There will be collateral damage but time to hit putin and his cronies where it hurts...their wallets.

Not sure that was the point of the write up. It was more about how - if the message starts getting out that governments restrict money that is supposed to be safe in banks, people may start to question putting money in banks. Its not just Russia. But recently there was big news about how the Canadian government froze people's bank accounts because they were "guilty of unacceptable views".

 

[UsualName]

An argument could be made that netflix gives the Ruskies access to western values/culture for better or worse that is a threat to the Kremlin.

You know there are those that argue that it was not all the Nato/American military power and threat that brought the Berlin Wall down. It was the east germans being able to listern to west german radio across the wall and all those I Love Lucy and Gilligan's Island reruns that gave them the wild and crazy idea that some people out there were actually laughing and having a good time at least a couple times of week. Ginger and Mary Ann probably destroyed more commie minds in east berlin than all the weapons.

Netflix needs to be on the right side of history and russia is toxic. Just sayin that ruskies have always (and certainly Ukraine is the current Exhibit A) pretended that nato power is their threat but it is equally or moreso western culture.

This. The biggest threat to Kim Jung Un is k-pop.

 

[UsualName]

It is not an either/ or. They intersect.

For example, the Taliban have taken AFG back to the stone age again.

EXCEPT.......for some reason they have still allowed the people to have internet access and smartphones.

Big implications, current and long game and when they fighting. It impacts all areas of their lives. Netflix, smartphones, internet in general, etc are transmitters of western culture.

Big points here too!

 

[El OchoCinco]

Not sure that was the point of the write up. It was more about how - if the message starts getting out that governments restrict money that is supposed to be safe in banks, people may start to question putting money in banks. Its not just Russia. But recently there was big news about how the Canadian government froze people's bank accounts because they were "guilty of unacceptable views".

Dont think I am worried Putin's money not being safe if he starts a war.. that is way different than what canada did...

 

[Tsing Tao]

Dont think I am worried Putin's money not being safe if he starts a war.. that is way different than what canada did...

Not. Putin.

and whether you think it is different, or why you think it is, doesn't change the fact that financial weapons are being used. What was previously thought to be safe is no longer.

 

[El OchoCinco]

Not. Putin.

and whether you think it is different, or why you think it is, doesn't change the fact that financial weapons are being used. What was previously thought to be safe is no longer.

In the case of Russia, I have no problem with that versus troops on the ground dying from U.S. or Europe for now

 

[gwb-trading]

But recently there was big news about how the Canadian government froze people's bank accounts because they were "guilty of unacceptable views".

The people with frozen bank accounts in Canada were leaders of a neo-Nazi, white supremacist movement with a long history of violence and sedition. The three top leaders of the Canadian "trucker convoy" had long involvement with extremist organizations such as the Maverick party.

I will note even before the bank accounts were frozen -- not a single donated dime made it to the street level "protestors". It was all being re-directed for personal or political use. It should be noted that donations to political parties in Canada from outside the country are illegal.

This was not about being "guilty of unacceptable views" -- it was about straight-up illegal activity which required a national emergency to address.

At this point the donated money and bitcoin are still frozen -- and most of these funds will likely be given to businesses and residents of Ottawa after further court action. The personal bank accounts were merely frozen for a couple days and now are all unfrozen.

If you think that freezing or taking money from arrested people before they have been convicted is unusual then you better look into the lengthy history of asset forfeiture in the U.S. --- before complaining about Canada.