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Ukraine War


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1 minute ago, Bama Chick said:

I mean, I get us regular idiots wanting someone to put a bullet in Putin’s dome but a high profile US politician idiot probably shouldn’t be opening his cocksocket on social media with that kind of message.

"cocksocket"

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right now this is the only thread i care about so i'm posting a "don't look up moment" here in case we're vaporized overnight......

50 years ago today. 3 March 72, we launched the first interplanetary probe to deep space, Pioneer 10, the first to investigate the planet Jupiter.   It passed within 200,000 km of Jupiter on 4 December 73, on an escape trajectory from the Solar System and signed off in 2003 on it's way towards Aldebaran, the red eye in the constellation Taurus, which it will reach in 2 million years.

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31 minutes ago, brakeman said:

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Aside from the fact that Trump wants to gobble his crank, why in the name of God would a dipshit real estate developer think it appropriate to write a letter to a world leader about that.

Even though Putin is a petty, small-dick tyrant of a ginormous shitsplat country, he's still a world leader.  The fantasy by Donald Trump that any world leader would want or give a flying fuck about his congratulations on something trivila like Time man of the year is astounding.

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3 hours ago, brakeman said:

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This has nothing to do with Ukraine. This has everything to do with Lindsey hoping that if Putin dies, then all the kompramat he has on Lady G goes away.  You know Vlad has pics/vids of Lindsey in some compromising positions. 

Edited by Jive Turkey
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I'm leaning more towards filling the skies over Ukraine with NATO planes including ours. 

Tell all Russian soldiers that we will not engage anyone moving towards the Russian border. Unarmed troop transports will not be attacked intentionally. Everything else is fair game.

When the Russians are gone, move NATO troops into western Ukraine. Take Ukraine into NATO. They earned it.

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11 minutes ago, RomaVicta said:

I'm leaning more towards filling the skies over Ukraine with NATO planes including ours. 

Tell all Russian soldiers that we will not engage anyone moving towards the Russian border. Unarmed troop transports will not be attacked intentionally. Everything else is fair game.

When the Russians are gone, move NATO troops into western Ukraine. Take Ukraine into NATO. They earned it.

I hate Biden but I’m glad he won. Trump would be stupid enough to seriously consider a no-fly zone. 

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3 hours ago, TwiceHorn said:

Aside from the fact that Trump wants to gobble his crank, why in the name of God would a dipshit real estate developer think it appropriate to write a letter to a world leader about that.

Even though Putin is a petty, small-dick tyrant of a ginormous shitsplat country, he's still a world leader.  The fantasy by Donald Trump that any world leader would want or give a flying fuck about his congratulations on something trivila like Time man of the year is astounding.

That's textbook megalomania.   

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4 hours ago, RomaVicta said:

I'm leaning more towards filling the skies over Ukraine with NATO planes including ours. 

Tell all Russian soldiers that we will not engage anyone moving towards the Russian border. Unarmed troop transports will not be attacked intentionally. Everything else is fair game.

When the Russians are gone, move NATO troops into western Ukraine. Take Ukraine into NATO. They earned it.

image.jpeg.eb959ea82ad6f11637d4672543687cde.jpeg

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siap

Quote

"Worst is yet to come": Putin told Macron he will continue war in Ukraine, Élysée Palace source says

From CNN's Nathan Hodge in Moscow and CNN’s Xiaofei Xu and Anaëlle Jonah in Paris

Russian President Vladimir Putin told his French counterpart Emmanuel Macron that he will continue military operations in Ukraine during a 90-minute call initiated by Putin, an Élysée Palace source told reporters at a briefing on Thursday.

 

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This will be one of the larger effects to come out of all of this. 
 

I hope it was really worth triggering the final descent of the USD as global reserve currency. 
 

Spoiler

“What is money?” is a question that economists have pondered for centuries, but the blocking of Russia’s central-bank reserves has revived its relevance for the world’s biggest nations—particularly China. In a world in which accumulating foreign assets is seen as risky, military and economic blocs are set to drift farther apart.

After Moscow attacked Ukraine last week, the U.S. and its allies shut off the Russian central bank’s access to most of its $630 billion of foreign reserves. Weaponizing the monetary system against a Group-of-20 country will have lasting repercussions.
 

The 1997 Asian Financial Crisis scared developing countries into accumulating more funds to shield their currencies from crashes, pushing official reserves from less than $2 trillion to a record $14.9 trillion in 2021, according to the International Monetary Fund. While central banks have lately sought to buy and repatriate gold, it only makes up 13% of their assets. Foreign currencies are 78%. The rest is positions at the IMF and Special Drawing Rights, or SDR—an IMF-created claim on hard currencies.

 
 

Many economists have long equated this money to savings in a piggy bank, which in turn correspond to investments made abroad in the real economy.
 

Recent events highlight the error in this thinking: Barring gold, these assets are someone else’s liability—someone who can just decide they are worth nothing. Last year, the IMF suspended Taliban-controlled Afghanistan’s access to funds and SDR. Sanctions on Iran have confirmed that holding reserves offshore doesn’t stop the U.S. Treasury from taking action. As New England Law Professor Christine Abely points out, the 2017 settlement with Singapore’s CSE TransTel shows that the mere use of the dollar abroad can violate sanctions on the premise that some payment clearing ultimately happens on U.S. soil.

To be sure, the West has frozen Russia’s stock of foreign exchange, but hasn’t blocked the inflow of new dollars and euros. The country’s current-account surplus is estimated at $20 billion a month due to exports of oil and gas, which the U.S. and the European Union want to keep buying. While these balances go to the private sector, officials have mobilized them. Stopping major banks like Sberbank from using dollars and excluding others from the Swift messaging system still plunges the economy into chaos, especially if foreign businesses are afraid to buy Russian energy despite the sector’s explicit exclusion from sanctions. But hard currency will probably keep gushing in through energy-focused lenders like Gazprombank, and can theoretically be used to pay for imports and buy the ruble.
 

Yet the entire artifice of “money“ as a universal store of value risks being eroded by the banning of key exports to Russia and boycotts of the kind corporations like Appleand Nike announced this week. If currency balances were to become worthless computer entries and didn’t guarantee buying essential stuff, Moscow would be rational to stop accumulating them and stockpile physical wealth in oil barrels, rather than sell them to the West. At the very least, more of Russia’s money will likely shift into gold and Chinese assets. 

Indeed, the case levied against China’s attempts to internationalize the renminbi has been that, unlike the dollar, access to it is always at risk of being revoked by political considerations. It is now apparent that, to a point, this is true of all currencies.

 

The risk to King Dollar’s status is still limited due to most nations’ alignment with the West and Beijing’s capital controls. But financial and economic linkages between China and sanctioned countries will necessarily strengthen if those countries can only accumulate reserves in China and only spend them there. Even nations that aren’t sanctioned may want to diversify their geopolitical risk. It seems set to further the deglobalization trend and entrench two separate spheres of technological, monetary and military power.

China itself owns $3.3 trillion in currency reserves. Unlike Russia, it cannot usefully hold them in renminbi, a currency it prints. Stockpiling commodities is an alternative. The conundrum creates another incentive for Beijing to reduce its trade surplus by reorienting its economy toward domestic consumption, though it has proven challenging. 

What can investors do? For once, the old trope may not be ill advised: buy gold. Many of the world’s central banks will surely be doing it.

“Even nations that aren’t sanctioned may want to diversify their geopolitical risk. It seems set to further the deglobalization trend and entrench two separate spheres of technological, monetary and military power.”

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12 minutes ago, Immaculate Vibes said:

This will be one of the larger effects to come out of all of this. 
 

I hope it was really worth triggering the final descent of the USD as global reserve currency. 
 

  Reveal hidden contents

“What is money?” is a question that economists have pondered for centuries, but the blocking of Russia’s central-bank reserves has revived its relevance for the world’s biggest nations—particularly China. In a world in which accumulating foreign assets is seen as risky, military and economic blocs are set to drift farther apart.

After Moscow attacked Ukraine last week, the U.S. and its allies shut off the Russian central bank’s access to most of its $630 billion of foreign reserves. Weaponizing the monetary system against a Group-of-20 country will have lasting repercussions.
 

The 1997 Asian Financial Crisis scared developing countries into accumulating more funds to shield their currencies from crashes, pushing official reserves from less than $2 trillion to a record $14.9 trillion in 2021, according to the International Monetary Fund. While central banks have lately sought to buy and repatriate gold, it only makes up 13% of their assets. Foreign currencies are 78%. The rest is positions at the IMF and Special Drawing Rights, or SDR—an IMF-created claim on hard currencies.

 
 

Many economists have long equated this money to savings in a piggy bank, which in turn correspond to investments made abroad in the real economy.
 

Recent events highlight the error in this thinking: Barring gold, these assets are someone else’s liability—someone who can just decide they are worth nothing. Last year, the IMF suspended Taliban-controlled Afghanistan’s access to funds and SDR. Sanctions on Iran have confirmed that holding reserves offshore doesn’t stop the U.S. Treasury from taking action. As New England Law Professor Christine Abely points out, the 2017 settlement with Singapore’s CSE TransTel shows that the mere use of the dollar abroad can violate sanctions on the premise that some payment clearing ultimately happens on U.S. soil.

To be sure, the West has frozen Russia’s stock of foreign exchange, but hasn’t blocked the inflow of new dollars and euros. The country’s current-account surplus is estimated at $20 billion a month due to exports of oil and gas, which the U.S. and the European Union want to keep buying. While these balances go to the private sector, officials have mobilized them. Stopping major banks like Sberbank from using dollars and excluding others from the Swift messaging system still plunges the economy into chaos, especially if foreign businesses are afraid to buy Russian energy despite the sector’s explicit exclusion from sanctions. But hard currency will probably keep gushing in through energy-focused lenders like Gazprombank, and can theoretically be used to pay for imports and buy the ruble.
 

Yet the entire artifice of “money“ as a universal store of value risks being eroded by the banning of key exports to Russia and boycotts of the kind corporations like Appleand Nike announced this week. If currency balances were to become worthless computer entries and didn’t guarantee buying essential stuff, Moscow would be rational to stop accumulating them and stockpile physical wealth in oil barrels, rather than sell them to the West. At the very least, more of Russia’s money will likely shift into gold and Chinese assets. 

Indeed, the case levied against China’s attempts to internationalize the renminbi has been that, unlike the dollar, access to it is always at risk of being revoked by political considerations. It is now apparent that, to a point, this is true of all currencies.

 

The risk to King Dollar’s status is still limited due to most nations’ alignment with the West and Beijing’s capital controls. But financial and economic linkages between China and sanctioned countries will necessarily strengthen if those countries can only accumulate reserves in China and only spend them there. Even nations that aren’t sanctioned may want to diversify their geopolitical risk. It seems set to further the deglobalization trend and entrench two separate spheres of technological, monetary and military power.

China itself owns $3.3 trillion in currency reserves. Unlike Russia, it cannot usefully hold them in renminbi, a currency it prints. Stockpiling commodities is an alternative. The conundrum creates another incentive for Beijing to reduce its trade surplus by reorienting its economy toward domestic consumption, though it has proven challenging. 

What can investors do? For once, the old trope may not be ill advised: buy gold. Many of the world’s central banks will surely be doing it.

“Even nations that aren’t sanctioned may want to diversify their geopolitical risk. It seems set to further the deglobalization trend and entrench two separate spheres of technological, monetary and military power.”

So we should just let Putin/Russia do whatever the fuck they want?  Can't confront them militarily b/c of nukes.  Can't sanction them b/c of risk to the dollar as grc?  So what do we do, just lay back and enjoy it, Clay?

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3 minutes ago, DigglerontheHoof said:

So we should just let Putin/Russia do whatever the fuck they want?  Can't confront them militarily b/c of nukes.  Can't sanction them b/c of risk to the dollar as grc?  So what do we do, just lay back and enjoy it, Clay?

Well to start, we aren’t directly affected at all. So there’s no laying back and enjoying it. There’s always the option of being more Case McCoy in all of this. 
 

Im not sure of the right answers now but I think in hindsight nudging Ukraine into the direction of European influence over years was a bad strategic move.
 

Whatever your sanctions you want to utilize the fact of the matter is Putin is always going to be willing to go farther than we are with regards to Ukraine. Obama came to that conclusion and it’s correct. 
 

 

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3 minutes ago, DigglerontheHoof said:

So we should just let Putin/Russia do whatever the fuck they want?  Can't confront them militarily b/c of nukes.  Can't sanction them b/c of risk to the dollar as grc?  So what do we do, just lay back and enjoy it, Clay?

The “don’t fuck with me or I end all life on earth” narrative is bullshit.  We just wrecked his economy and frozen his assets, he can try to nuke us anytime he wants. If you think he’s going launch over some pieces of hardware destroyed, I have a bridge to sell you. There’s plenty that can be done. Send drones, planes, a no fly zone shouldn’t be off the table either.  The largest country on earth just invaded the largest country in Europe. It’s naive to think this isn’t going to escalate.  Additionally, we’ve been in battlefield dust-ups with the Russians a few times in recent history, namely Syria, it didn’t lead to nuclear war.  

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3 minutes ago, Immaculate Vibes said:

Well to start, we aren’t directly affected at all. So there’s no laying back and enjoying it. There’s always the option of being more Case McCoy in all of this. 
 

Im not sure of the right answers now but I think in hindsight nudging Ukraine into the direction of European influence over years was a bad strategic move.
 

Whatever your sanctions you want to utilize the fact of the matter is Putin is always going to be willing to go farther than we are with regards to Ukraine. Obama came to that conclusion and it’s correct. 
 

 

Perhaps at this exact moment, no.  But if you think we just did nothing over Ukraine, that he'd just stop, well, that's not realistic at all.  His next move is likely against a NATO country that will effect us...a shit-ton.  That is, unless you think we should ignore our NATO obligations....which you likely do. 

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20 minutes ago, DigglerontheHoof said:

Perhaps at this exact moment, no.  But if you think we just did nothing over Ukraine, that he'd just stop, well, that's not realistic at all.  His next move is likely against a NATO country that will effect us...a shit-ton.  That is, unless you think we should ignore our NATO obligations....which you likely do. 

We should always defend our core strategic interests, like our NATO obligations. Unfortunately for Ukraine their sovereignty is not a core strategic interest for us, yet we’re shooting off our biggest wad of economic sanctions ever and in the process delegitimizing our currency and our financial predominance. It’s dumb, but sadly predictable. 
 

If Putin were to invade a NATO country he would be met with a massive coordinated military force. It would be a losing battle and he knows it. 
 

 

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4 minutes ago, Immaculate Vibes said:

We should always defend our core strategic interests, like our NATO obligations. Unfortunately for Ukraine their sovereignty is not a core strategic interest for us, yet we’re shooting off our biggest wad of economic sanctions ever and in the process delegitimizing our currency and our financial predominance. It’s dumb, but sadly predictable. 
 

If Putin were to invade a NATO country he would be met with a massive coordinated military force. It would be a losing battle and he knows it. 
 

 

There is no chance that the country that controls the global economy as we are re-re-re-demonstrating now loses primacy as the preferred currency. 

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