The Demolition of Russia's Economy

[Tsing Tao]

So tell us who is using the seized super yachts of the Russian oligarchs? When sanctions are lifted against these individuals you are claiming the yachts will not be unfrozen and given back?

You're falling back on your definition of theft. Its nice to know I can come to your house and take your car, but not use and sell it and its not considered theft.

As for when sanctions are lifted, are you saying all yachts will be returned as they were?

 

[gwb-trading]

You're falling back on your definition of theft. Its nice to know I can come to your house and take your car, but not use and sell it and its not considered theft.

As for when sanctions are lifted, are you saying all yachts will be returned as they were?

A country lawfully seizing assets as per international law is totally different than not returning planes as per the terms of the lease. The second is obviously theft and the plane is stolen. The first is not.

Likewise you coming to my house and taking my car is theft. If I drive my car to your house and park it on your property -- and you either have the car lawfully towed & impounded, or refuse me access to your property to retrieve my car -- then you have not stolen my car unless you either use it or sell it to someone else (without the legal declaration saying you can do so).

 

[Tsing Tao]

A country lawfully seizing assets as per international law is totally different than not returning planes as per the terms of the lease. The second is obviously theft and the plane is stolen. The first is not.

"Lawfully" seizing is the problem. The Russians view what they are doing is lawful. So do countries seizing yachts. Both are doing the same thing, so they're both either right or wrong. You can try all you want to justify it, but you're just doing what you do best - bullshit.

Likewise you coming to my house and taking my car is theft. If I drive my car to your house and park it on your property -- and you either have the car lawfully towed & impounded, or refuse me access to your property to retrieve my car -- then you have not stolen my car unless you either use it or sell it to someone else (without the legal declaration saying you can do so).

But you said

"Stole -- implies theft -- where you take something belonging to someone else and either start using it or resell it. "

 

[gwb-trading]

"Lawfully" seizing is the problem. The Russians view what they are doing is lawful. So do countries seizing yachts. Both are doing the same thing, so they're both either right or wrong. You can try all you want to justify it, but you're just doing what you do best - bullshit.



But you said

"Stole -- implies theft -- where you take something belonging to someone else and either start using it or resell it. "

Illegally seizing something is different than theft. Theft implies misappropriation or movement of the item (i.e. "taking").

Let's say I block off a private road which has an easement (without legal permission) which leads to your property where you have parked your car -- Am I guilty of stealing your car because I "froze" your asset.

Let's take a look at the legal definition of larceny (theft) under N.C. State law which is similar to most other states.

"In general, any crime in which the offender takes property of another will be considered larceny, if the taking is done with the intent to permanently deprive the owner of the property."
https://www.criminaldefenselawyer.c.../petty-theft-north-carolina-penalties-defense

 

[Tsing Tao]

"In general, any crime in which the offender takes property of another will be considered larceny, if the taking is done with the intent to permanently deprive the owner of the property."

House Passes Bill Urging Biden to Sell Seized Russian Yachts to Aid Ukraine - NYT

White House proposes plan to sell Russian yachts for Ukraine aid - Axios

Here’s what happens to Russian oligarch yachts after they’re seized - CNBC

Yet sanctions experts say freezing the assets is the simple part. Deciding what to do with them — and who gets the proceeds — is likely to be more challenging and could touch off court battles that drag on for years.​

and so on and so forth. Sounds pretty "permanent".

 

[terr]

https://piter.tv/event/V_Tihvine_Vagonostroitelnij_zavod_ostanetsya_v_prostoe_v_iyune/

One of the biggest railroad-car producing factories in Russia, where has been stopped for months now has extended the stoppage - date target unknown. The reason: production relied on parts from abroad (mostly the cassette bearings).

=======================

So to sum up - Russian internal air transportation is about to stop due to lack of parts for the planes. Soon the railroad transportation is going to stop as well due to lack of parts for the railroad cars. I wonder how our local Russian trolls are going to try to twist it as a positive.

And guess what, it's obvious that no Russian "win" in Ukraine is going to stop the sanctions.

 

[TreeFrogTrader]

This article rehashes the oil sanctions problem for Russia and how it is acknowledged that they will just sell someplace else.

Nothing new there.

BUT - the punchline according to the article is how the hell is Russia going to find the ships to sell elsewhere if most of them are insured by EU/Greek type companies that will no longer insure them (soon, anyway. I guess they have given some grace period so as to not hurt innocent shipping companies under contract).

I have seen the same problem highlighted in other articles except in regard to grain shipments.

Another ticking time bomb for Russia. May not explode right off but tick...tick...tick.

Russia’s main economic lifeline faces potent new threat

https://www.smh.com.au/business/the...eline-faces-a-new-threat-20220601-p5aq5q.html

 

[TreeFrogTrader]

Russia’s ‘failure to pay’ bond interest triggers credit default swaps
International derivatives panel’s decision paves way for $2.5bn of payouts on insurance-like contracts

Wednesday’s decision means holders of Russian credit default swaps will receive a payout, with the size to be determined by an auction process of Russian bonds. JPMorgan estimated last month that there was about $2.5bn of CDS to be settled, including deals tied directly to Russia and others based on a basket of issuers.

https://www.ft.com/content/f270f38d-b0a4-4f97-9ffd-e55962955fad

Russian stocks may be ‘essentially worthless,’ MSCI research suggests

Russian stocks may have “no value” compared to the prices listed on the Moscow Exchange, new research from MSCI has suggested.

https://www.cnbc.com/2022/05/27/rus...ntially-worthless-msci-research-suggests.html

 

[terr]

https://www.digitimes.com/news/a20220530PD204.html


Taiwan's Ministry of Economic Affairs (MOEA) has announced a list of strategic high-tech commodities that are banned from exportation to Russia and Belarus.

Belarus is on the list as it may help Russia import such goods, MOEA said, adding the list is pursuant to Category 3 to Category 9 of Wassenaar Arrangement.

Microprocessors or microcircuits with any of the following conditions are under the ban: (1) Performance speeds reach 5 gigaFlops or higher and an arithmetic logic unit has access width of 32 bits or more; (2) clock frequency rates exceed 25MHz; (3) more than one data or instruction bus or one serial communication port that provide direct external interconnection between parallel microcircuits at a transfer rate of 2.5MB/s.

ICs with more than 144 pins or basic gate propagation delay time of less than 0.4 nanosecond are also prohibited. Intel 486. Are these even made still?

=========================================

So - no 64bit chips. And not higher than 25Mhz. (Note: that's Mhz. M not G). That means back to about 1990. Intel 486. Are they even produced anymore?

 

[kashirin]

https://www.digitimes.com/news/a20220530PD204.html


Taiwan's Ministry of Economic Affairs (MOEA) has announced a list of strategic high-tech commodities that are banned from exportation to Russia and Belarus.

Belarus is on the list as it may help Russia import such goods, MOEA said, adding the list is pursuant to Category 3 to Category 9 of Wassenaar Arrangement.

Microprocessors or microcircuits with any of the following conditions are under the ban: (1) Performance speeds reach 5 gigaFlops or higher and an arithmetic logic unit has access width of 32 bits or more; (2) clock frequency rates exceed 25MHz; (3) more than one data or instruction bus or one serial communication port that provide direct external interconnection between parallel microcircuits at a transfer rate of 2.5MB/s.

ICs with more than 144 pins or basic gate propagation delay time of less than 0.4 nanosecond are also prohibited. Intel 486. Are these even made still?

=========================================

So - no 64bit chips. And not higher than 25Mhz. (Note: that's Mhz. M not G). That means back to about 1990. Intel 486. Are they even produced anymore?

I totally LMAO when I read first pages of this thread with predictions

You, terr are an absolute comic in your predictions

Make sure you have suicide help line phone nearby when Ukraine capitulates and sanctions dropped

In regarding your post I heard Russia plans to severely restrict noble gas export imminently which will result in total collapse of Taiwanese semiconductor industry

So if Russia goes to 1990 with domestic production west goes probably to 1800s