seems like legitimizing the outright theft of foreign assets is going to give billionaires around the world some second thoughts about the security of their dollars held in u.s. banks
Mmm hmm. Because as we have all seen, investment in Russia will absolutely pay off, and everyone’s assets are safe and sound, and nothing bad ever happened.
Oh no losing access to economies that are going into a deep recession, how horrible. Meanwhile, western capital will quickly find its way to places like China where there is actual economic growth happening. Which in fact is already happening https://english.news.cn/20240411/07321170aa0944d4a588a4de0d8beac2/c.html
No, the point is that this move undermines western financial system because billionaires all over the world will realize that if they or the government of their country runs afoul of the west, then their assets will be stolen. Meanwhile, freezing and seizing the assets of Russian billionaires amounts to the west doing capital controls for Russia. This would’ve been a very unpopular move if the Russian government imposed such controls, but the west decided to helpfully do that themselves. This forced Russian oligarchs to invest domestically resulting in Russian economy growing faster than the west now.
Hahah Jesus what a yarn. More! Do more about oligarchs “investing domestically” - that ones definitely got some legs (we’ll probably need a laugh track though), but get your terms straight hey, you called them Russian Capitalists above and if we’re gonna sell the rights to this sitcom to Netflix we need an idea of who we are casting. Wardrobe needs to know if they are making oligarch or capitalists outfits. These things matter!
No he is asserting that the death knell of the West will be a result of (are you ready for this?) Russian Capitalists no longer investing in the the West.
Aka: we are going to see a boom in domestically produced Russian yachts and fuck all else.
seems like legitimizing the outright theft of foreign assets is going to give billionaires around the world some second thoughts about the security of their dollars held in u.s. banks
We’re continuing to speedrun dedollarization despite all evidence
Despite all evidence of what?
Nobody with a functioning brain is going to keep any significant money in the western financial system going forward.
Mmm hmm. Because as we have all seen, investment in Russia will absolutely pay off, and everyone’s assets are safe and sound, and nothing bad ever happened.
Sniff more glue. You’re on a roll in this thread.
This still leaves a surprising number of people
and they fall squarely into this category
Which is fine as they will also lose access to western capital markets
Oh no losing access to economies that are going into a deep recession, how horrible. Meanwhile, western capital will quickly find its way to places like China where there is actual economic growth happening. Which in fact is already happening https://english.news.cn/20240411/07321170aa0944d4a588a4de0d8beac2/c.html
This really only applies to adversary nations, specifically those committing war crimes.
Nah, pretty sure the nation committing a genocide is a staunch ally.
Pretty sure most US allies are either committing genocide or dream of it. At least outside of the western core.
Are you really complaining about Russian oligarch billionaires having their foreign assets seized? Whatever happened to ‘eat the rich’? 🤣
No, the point is that this move undermines western financial system because billionaires all over the world will realize that if they or the government of their country runs afoul of the west, then their assets will be stolen. Meanwhile, freezing and seizing the assets of Russian billionaires amounts to the west doing capital controls for Russia. This would’ve been a very unpopular move if the Russian government imposed such controls, but the west decided to helpfully do that themselves. This forced Russian oligarchs to invest domestically resulting in Russian economy growing faster than the west now.
Hahah Jesus what a yarn. More! Do more about oligarchs “investing domestically” - that ones definitely got some legs (we’ll probably need a laugh track though), but get your terms straight hey, you called them Russian Capitalists above and if we’re gonna sell the rights to this sitcom to Netflix we need an idea of who we are casting. Wardrobe needs to know if they are making oligarch or capitalists outfits. These things matter!
I mean, many US states/cities already do forfeitures, so applying this to foreign individuals and entities is just… consistent??
So we agree it’s a good thing then :)
Oh yeah, the best move the west made in a while in my opinion.
i wasn’t complaining no, more of a
No he is asserting that the death knell of the West will be a result of (are you ready for this?) Russian Capitalists no longer investing in the the West.
Aka: we are going to see a boom in domestically produced Russian yachts and fuck all else.