Business & Finance Economic Fallout: Pandemic, Brandon, Money Printer Go Brr, Ukraine.

[Cherico]

Ok? The Chinese think the US is safe for investment, they may well not understand that they're going to get fucked when the US economy 'corrects'. The US wealthy realize the US isn't the place to keep their money, so they have boltholes all over the world and bug-out mansions in New Zealand.

The US is safer then China for investment.

And if you want to get your money out fast, its a good place to go, because in a deglobalizing world you want to have money in a world power that can protect it.

The US wealthy however are um....their kind of retarded. Well that isn't quite fair its more like the United states elite haven't quite realized that the global era the united states started during breton woods is in the process of dying and people are going back to a multi polar world, a normal world.

In a normal world, small weak countries their not nessarly good places to hide money because your bigger neighbor can just come in and take everything and laugh at you. Its going to take our leadership awhile to realize that their plan of stealing from the public purse and then fleeing and leaving the plebs with the bag while they sip champain some where isn't going to work out for them.

 

[Carrot of Truth]

 

[Sobek]

"Inflation high? Kill your dog, scrap your car."

Bloomberg Sigma Grind

 

[Arch Dornan]

My way or the highway?

 

[Captain X]

How does this work since he's in their back pocket? Or are there a bunch of exemptions that make the sanctions in name only?

 

[sillygoose]

How does this work since he's in their back pocket? Or are there a bunch of exemptions that make the sanctions in name only?

The 'sanctions' are literally just removing visas from a handful of Chinese nationals the US claims are involved with Uyghur repression. It is certainly a warning about supporting Russian, since that is how the original Russia sanctions began in 2014, but to say they are the beginning of the end of US-Chinese relations or a trade war.

 

[Arch Dornan]

Russia's currency rises following reports Putin will require hostile nations to pay for Russian gas using rubles

Russia's central bank and the government have one week to sort out how Moscow will take in ruble payments from gas importers.

markets.businessinsider.com

Whoop whoop.

 

[Agent23]

That restaurant chain or factory you built, but then closed because of social media spergouts/idiotic sanctions, if it doesn't function it is Vlad's now!

 

[Simonbob]

Play stupid games, win stupid prizes.

 

[Arch Dornan]

That restaurant chain or factory you built, but then closed because of social media spergouts/idiotic sanctions, if it doesn't function it is Vlad's now!

Free abandoned real estate?

 

[Agent23]

Free abandoned real estate?

Get woke, go broke.
These idiots want to have their cake(virtue signal and please the US/EU bureaucrats) and eat it, too.

 

[Arch Dornan]

Get woke, go broke.

So woke they abandoned property for the government to take and find an entrepreneur to make capital from?

 

[Agent23]

So woke they abandoned property for the government to take and find an entrepreneur to make capital from?

They were probably planning to keep their plant and equipment and either scale down massively or stop working altogether, thus damaging the Russian economy by denying buyers their products and putting people out of work.
Not happening.

 

[Arch Dornan]

They were probably planning to keep their plant and equipment and either scale down massively or stop working altogether, thus damaging the Russian economy by denying buyers their products and putting people out of work.
Not happening.

Meh. Whatever happens, happens if the local Russians with a business sense take the opportunity that they left them.

 

[LordsFire]

This is going to hurt pretty much everyone involved, as the woke boycotts were doing in the first place.

1. Arbitrarily nationalized industries are just about never as well-run as they were privately before-hand. Especially when nationalized by such an insanely corrupt regime.
2. This is going to make foreign investors extremely leery about putting their money into Russia in the future.
3. Getting cut off from the parent company's supply chain is going to have some costs (when that actually happens.)

How the details all play out will, of course, remain to be seen.

 

[Agent23]

1. Arbitrarily nationalized industries are just about never as well-run as they were privately before-hand. Especially when nationalized by such an insanely corrupt regime.

Um, this is basically forcing foreign businesses to sell their inventory to private Russian inverters, not a takeover.

Do you think that the west de fact stealing Russia's sovereign reserves from western banks is more pro-free market?
Or seizing the assets of rich Russians that sometimes live in the west and have dubious relations with Putin?

Sorry, but from my point of view, the West and its virtue-signalling regulators and companies broke capitalism first, at least in this case.

 

[Arch Dornan]

How the details all play out will, of course, remain to be seen.

Indeed. What will follow will go it's course.

 

[Agent23]

Indeed. What will follow will go it's course.

A reserve currency usually lasts about 100 years.
IMHO it is gonna be a bumpy ride for Murika.
CRP has some good takes on the situation:

 

[D4rk0w1]

Did US Federal Reserve just defaulted Russian Foreign Reserve? That explains why the Tire shop owner is started talking about diversifying foreign currency reserve while balancing my wheel. That was out of the blue conversation about US printing out more Petrodollars than the current Oil Reserve thing.

 

[Arch Dornan]

A reserve currency usually lasts about 100 years.
IMHO it is gonna be a bumpy ride for Murika.
CRP has some good takes on the situation:

Alea iacta est. Many of them in a influential position has chosen their side or soon will.

I'm just taking it stoically as I die a little inside.