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Frankly, you are just repeating Russian propaganda here. Pretty much nobody in the world cares about US seizing Russian USD because nobody important is planning

Frankly, you are just repeating Russian propaganda here. Pretty much nobody in the world cares about US seizing Russian USD because nobody important is planning a full scale invasion into a neighboring country. I bet you if the UN could vote on that, seizure would be approved almost unanimously.

ghufran_syed 5y ago
Does that matter if it’s true? Or should we not consider the possible truth of it because we don’t listen to the “unbelievers”
- lostmsu 5y ago
  I mean, is there any indication to the contrary apart from various "economist opinions"? Has anyone dumped dollar reserves since the seizure? Anyone switched to alternative currencies apart from few deals with Russia?
bigger_inside 5y ago
- lostmsu 5y ago
  Go ahead and continue waiting.
- cannabis_sam 5y ago
- inawarminister 5y ago
  Only after US is surpassed as a hegemon would its errors be punished under international law. That would be a very different environment, but we can actually picture it now. The clock is ticking.
pasabagi 5y ago
> nobody in the world cares about US seizing Russian USD It's a sovereignty issue. Countries don't like to give other countries substantial leverage over them if it's possible to avoid it. That said, I think the seizures are probably fine, just because there's no real alternative to the USD or EUR as a reserve currency. Doing anything beyond that (spending the frozen funds, for instance) would probably not be fine.
kkfx 5y ago
Frankly you are completely wrong: having touched private property, having violated funding principles of western values have only a meaning: the west can't be trusted. On contrary the fact that both Russia and China have talked stability that means they do their own interests like anyone else, but they are less unreliable than the west. Western neoliberals have done so much damage to us westerner that we MUST jail them for life for crimes not different than the original nazi ones who happen to be payed effectively by the same cohort of people who rule us today, their crimes are much worse against us than those from others blocks at their own homes and neighborhoods. Personally as an EU Citizen I have exactly ZERO trust in anything coming from neoliberals, especially from "English world" right now, and I'm not alone seeing the autarchic trend ongoing at any level, from States who try to reshoring to private people who look for as much autonomy as they can. That's in our terms have a name: high treason. Where civil servants act against their own people for saving/favoring a small cohort of rulers. It's nothing new of course, it happen every time in the history but that's is from the point of view of our Democratic values.
- rich_sasha 5y ago
  What exactly are the principles violated? Confiscation and freezing of assets are standard and necessary tools in crime fighting in the West. To freeze assets, rather than confiscate for good, you typically only need a substantial suspicion of a crime, not a court order - which again is necessary. This here is very similar. It is beyond doubt that Russia invaded a peaceful neighbour, likely it is committing atrocities. Various international courts are investigating these atrocities, with full legal process. The only immediate forum that could sanction Russia is the UN where Russia has a veto, and a massive majority of UN members, by count, population and GDP, condemned Russia in a separate resolution. These sanctions also didn’t come out of nowhere. Russia was warned as nauseam that the will come if Russia will invade. And they came gradually, giving Russia a chance to back off. Any country evaluating whether they are at risk of sanctions has to answer to itself: will I be pig-headedly invading a NATO partner with no regard for human rights and due diplomatic process after being repeatedly warned to not do so, and against a massive majority of UN members? If yes, hmm well better store reserves in crypto. Or CNY - China surely wouldn’t use their currency as leverage. The only law under which these sanctions look questionable is the Russian one: I see, I take, none of your business.

ghufran_syed 5y ago

Does that matter if it’s true? Or should we not consider the possible truth of it because we don’t listen to the “unbelievers”

lostmsu 5y ago
I mean, is there any indication to the contrary apart from various "economist opinions"? Has anyone dumped dollar reserves since the seizure? Anyone switched to alternative currencies apart from few deals with Russia?

bigger_inside 5y ago

lostmsu 5y ago
Go ahead and continue waiting.
cannabis_sam 5y ago
inawarminister 5y ago
Only after US is surpassed as a hegemon would its errors be punished under international law. That would be a very different environment, but we can actually picture it now. The clock is ticking.

pasabagi 5y ago

> nobody in the world cares about US seizing Russian USD It's a sovereignty issue. Countries don't like to give other countries substantial leverage over them if it's possible to avoid it. That said, I think the seizures are probably fine, just because there's no real alternative to the USD or EUR as a reserve currency. Doing anything beyond that (spending the frozen funds, for instance) would probably not be fine.

kkfx 5y ago

Frankly you are completely wrong: having touched private property, having violated funding principles of western values have only a meaning: the west can't be trusted. On contrary the fact that both Russia and China have talked stability that means they do their own interests like anyone else, but they are less unreliable than the west. Western neoliberals have done so much damage to us westerner that we MUST jail them for life for crimes not different than the original nazi ones who happen to be payed effectively by the same cohort of people who rule us today, their crimes are much worse against us than those from others blocks at their own homes and neighborhoods. Personally as an EU Citizen I have exactly ZERO trust in anything coming from neoliberals, especially from "English world" right now, and I'm not alone seeing the autarchic trend ongoing at any level, from States who try to reshoring to private people who look for as much autonomy as they can. That's in our terms have a name: high treason. Where civil servants act against their own people for saving/favoring a small cohort of rulers. It's nothing new of course, it happen every time in the history but that's is from the point of view of our Democratic values.

rich_sasha 5y ago
What exactly are the principles violated? Confiscation and freezing of assets are standard and necessary tools in crime fighting in the West. To freeze assets, rather than confiscate for good, you typically only need a substantial suspicion of a crime, not a court order - which again is necessary. This here is very similar. It is beyond doubt that Russia invaded a peaceful neighbour, likely it is committing atrocities. Various international courts are investigating these atrocities, with full legal process. The only immediate forum that could sanction Russia is the UN where Russia has a veto, and a massive majority of UN members, by count, population and GDP, condemned Russia in a separate resolution. These sanctions also didn’t come out of nowhere. Russia was warned as nauseam that the will come if Russia will invade. And they came gradually, giving Russia a chance to back off. Any country evaluating whether they are at risk of sanctions has to answer to itself: will I be pig-headedly invading a NATO partner with no regard for human rights and due diplomatic process after being repeatedly warned to not do so, and against a massive majority of UN members? If yes, hmm well better store reserves in crypto. Or CNY - China surely wouldn’t use their currency as leverage. The only law under which these sanctions look questionable is the Russian one: I see, I take, none of your business.