"Unlock" aka just steal like we did Afghanistan's emergency fund. Well, if the US government wants to speedrun de-dollarization by demonstrating to the world why you shouldn't bank with them, I'm not gonna interrupt them while they do it.
Pretty sure there's a word for reallocating someone else's shit without their permission.
'Civil Asset Forfeiture' and it's a good thing it's finally being applied to some oligarchs.
The oligarchs that run my capitalist shithole have stolen money from the oligarchs that run another capitalist shithole, and the dumbest of the common people in my capitalist shithole, where the water is routinely toxic to drink, are celebrating as if it's somehow a win for them too.
That explains it. You don't know what it's like to live outside of a shithole. How could you? Every time an oligarch is taken down, it's a win for society.
That's the dumbest shit I've ever heard.
A) There is no society. Margaret thatcher said as much when she started mass murdering poor people with a pen
B) Actually no, its bad when an oligarch get eaten by another oligarch and not by the people, because then you have one oligarch with twice the power and no competition. You're like a dirt-covered medieval peasant celebrating that your gout-ridden pedophile king has stolen the treasure hoard of another gout-ridden pedophile king.
"My local oppressors are winning their game against their overseas rivals, this means I'm winning too!" Bro you're not even on the team, you're the ball.
So you consider Margaret Thatcher to still be an authority. Since you argued that less Oligarchs is worse, then what is the adequate number of Mega-rich oligarchs you want to live with?
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
Nobody with a functioning brain is going to keep any significant money in the western financial system going forward.
Nobody with a functioning brain
This still leaves a surprising number of people
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
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.
I mean, many US states/cities already do forfeitures, so applying this to foreign individuals and entities is just... consistent??
What was the last billionaire over there that had their assets seized by the government?
"No you don't understand, authoritarian thievery is our entire way of life here, we're just being consistent."
No defending Russian capitalists here, I want them all to be stripped of their wealth and the whole Russian state dismantled and replaced by a democratic socialist one. Those rich Russians should be eaten.
But the fact that the Russian state currently is letting their money get stolen (which they knew would happen when they started this war, and those capitalists knew would happen when Russia started this war, which is why they were begging to avoid it) shows that they aren't oligarchs.
Only the countries stealing this money has oligarchs. And this is also evident by the fact that the money is getting stolen, since it's hurting western governmental institutions. The world's trust in the western system is being traded for more money to the capitalists.
I'm so glad they finally did it because we'll finally be able to put the narrative that Ukraine is losing because additional 61 billions wasn't allocated to bed.
It will also destroy the last credibility US financial system have, piss off Russian capitalists and make them invest in the west even less. Win/win/win.
Worse part is that will give maidan regime some more time to push even more Ukrainians into the grinder.
Russia's GDP is dwarfed by the West. If Russian investors weren't put off by having assets frozen when Russia invaded Ukraine in 2022, they're unlikely to care about some more weapons. After all, the Russian people have seen many years of conflict. The rich are going to care about their hoards, not about the "special military operation."
If Russian investors weren’t put off by having assets frozen when Russia invaded Ukraine in 2022
They already were, why they would even put more money there when they are getting frozen, but as long as their funds are only frozen, they could still have hope that the entire issue gonna get resolved one day and they will get it back. If the money get confiscated, that's entire another situation.
Russia’s GDP is dwarfed by the West
Muh GDP!
Sending Ukraine a hundred shipping containers full of bored apes and overleveraged housing portfolios to fire at the Russians, we'll show those fucks what a properly huge GDP can do.
I mean the Usian financiere is in full ofensive now... against Ukraine.
The Russian capitalists did hate this. This war is incredibly unpopular among Russian capitalists.
What PolandIsAStateOfMind is saying is that among those who were on the west's side while still living within the Russian economic system, more than before will flip to embracing Russian finance, because their money will be irretrievable lost to western thievery. As long as the money hasn't been spent, there's a possibility that they'll stick to liberal principles of private property. That means returning the money after the war. It's naïve because the west already stole Afghanistan's money as retaliation for Afghanistan winning the war against the USA.
But some Russian capitalists might've been holding out upon the belief that the west's racism was why they would steal Afghanistan's money, but not do the same to white and west-worshipping capitalists oppressed by Russia's state-oriented actions.
The rich are going to care about their hoards, not about the "special military operation."
Then why is Ukraine losing?
I don't see where the question comes from. There are other driving forces in Russia behind the Ukraine War.
I love it how they passed it on Hitler's birthday. Very on the nose.
A day over a hundred years in the past that has no modern relevance. This is just the pigeonhole principle in action. If we avoided doing anything on a day where a villainous person did something vaguely of note, there would be no days left to do anything.
This is the most American comment ever. Truly a nation of people with zero historical perspective.
It's just math. There are only 366 possible days in a year. You're going to wind up with plenty of coincidences according to the pigeonhole principle. George Takei and Mike the headless chicken are both April 20 births. If they had passed this bill in a few days on the birth of Karl Marx (May 5), would that have been an endorsement of communism? No. The US Congress has business to do, and it isn't going to halt everything because Hitler got born. Let the neo-Nazis care about Hitler's birthday.
you're right there are just so many weird coincidences, like this one for example https://www.counterpunch.org/2020/10/16/the-u-s-did-not-defeat-fascism-in-wwii-it-discretely-internationalized-it/
New TrueAnon Rule: Never entrust the US Treasury with more than you can afford to lose.
It's true, I still remember when the rest of the world put those heavy sanctions on us for our barbaric and genocidal invasion of Iraq. It was tough, but that was the day I learned that international law is definitely a real thing.
Might as well have that over to some us ghouls in exchange for some old-new-stock weapons that will only prolong the suffering of ukrainians
