By Perfect Blue Go To PostI’m skeptical of how much power Russian “oligarchs” even have.The scuttlebutt about Russia's bad military equipment despite their attempt to modernize it the last twenty years is that the oligarchs just embezzled the money and the military brass was too afraid to tell Putin.
In other words, working as designed.
By Perfect Blue Go To PostI’m skeptical of how much power Russian “oligarchs” even have.
Think the events of the last month have revealed they have next to none.
By Fenderputty Go To PostIf you can afford 500,000,000 yachts, you’re probably at least kinda powerful though yeah? LolDon’t get me wrong of course they have some kind of power and have been using it for decades since the Soviet Union fell. My skepticism comes from how much power they actually wield in Russian politics, especially compared to your oligarchs like the Koch Brothers who effectively function as a third political party as well as the multi-millionaires and billionaires in Congress.
Their power isn't political it's all about getting everyone in that inner-circle including Putin rich. Putin just does what he wants as long as they keep making money.
By reilo Go To PostTheir power isn't political it's all about getting everyone in that inner-circle including Putin rich. Putin just does what he wants as long as they keep making money.Putin is already exceedingly rich, and likely far richer than the richest oligarch, runs the country like a mafia state, and he doesn’t need the oligarchs/entrepreneurial businessmen and I’d argue their relationship operates in reverse - they need to make him happy and not run afoul of Putin and they can continue making money, or risk ending up like Glushkov and Berezovsky.
By Perfect Blue Go To PostI’m skeptical of how much power Russian “oligarchs” even have.trying to save roman.
I see you.
By Fenderputty Go To PostIf you can afford 500,000,000 yachts, you’re probably at least kinda powerful though yeah? Lol
Powerful enough to not ban bunting.
By Pac-12 Go To PostPowerful enough to not ban bunting.
Goddamnit
By Pac-12 Go To PostPowerful enough to not ban bunting.
I don't get where the optimism is coming from. These sanctions are proving one thing to anyone not in the NATO/Indopac bloc: the US dollar can no longer be trusted as a safe haven for your central bank reserves
this has dramatic implications for global capital and the financial markets however this conflict shakes out
lol this is why you can't really "pariah state" a nation as rich in natural resources as russia.
this has dramatic implications for global capital and the financial markets however this conflict shakes out
lol this is why you can't really "pariah state" a nation as rich in natural resources as russia.
By Daz Go To PostSpotify and Discord down for anyone?Discord is down yeah.
By Fenderputty Go To PostHeartwarming how committed our leaders are to the Ukrainian people
Lol
By Fenderputty Go To PostLolI believe they meant "🚨BROKEN🚨."
By Fenderputty Go To Post😂
Lol
By Daz Go To PostSpotify and Discord down for anyone?Putin pls
By reilo Go To Postlol if you don't think those elected officials didn't exit out of their holdings two weeks before the invasion because they a) get the same intelligence reports as top brass and b) knew sections were incomingAHEM
At the risk of siding with a moron (Elon)... can we get some real investment in nuclear now?
Redundant question I know the answer is no.
Redundant question I know the answer is no.
Putin coming after the gamers, damn.
Also Poland is transferring all their MIG-29 jets to the US that are supposedly going to Ukraine. Poland getting some other American jets in return.
Also Poland is transferring all their MIG-29 jets to the US that are supposedly going to Ukraine. Poland getting some other American jets in return.
By HasphatsAnts Go To PostI don't get where the optimism is coming from. These sanctions are proving one thing to anyone not in the NATO/Indopac bloc: the US dollar can no longer be trusted as a safe haven for your central bank reservesAnd what is the alternative? The Yuan lol?
By diehard Go To PostAt the risk of siding with a moron (Elon)… can we get some real investment in nuclear now?It's coming but not at the same scale as China.
Redundant question I know the answer is no.
By Fenderputty Go To PostMy GF also bought Oil stocks in 2021 summer, you didn't need to be an insider to know energy stocks were gonna rise.
Lol
By Frustrated_me Go To PostAnd what is the alternative? The Yuan lol?
gold just went past $2000 an ounce btw
By HasphatsAnts Go To Postgold just went past $2000 an ounce btwImagine having Gold as the worlds reserve currency in this economic climate with high inflation, interest rate adjustments and the need for liquidity to ramp up markets? We would be back in the stone age, the markets would crash and not recover.
The world would be in a very dark place without the USD as the reserve currency in this time in history, understanding that there have been previous currencies as the worlds reserve; Dutch India Company, English India Company, Gold, etc.
no you're not getting what i'm saying. The calculus between the need for a "world reserve currency" versus each nation's own self interest has irrevocably changed. Everyone was happy to buy and hold dollar denominated assets because it was assumed that the US has a vested interest in not sabotaging the credibility of its own dollar hegemony. That is no longer the case.
The genie is out the bottle.
China's shifted much of their reserves from the dollar to the euro over the last decade plus and this experience is teaching them that even the euro is not safe from US pressure. This experience is highlighting what they have to contend with in an inevitable confrontation.
India is also getting a taste of it now. Getting pressured to sign onto these Russian sanctions. No one has floated any concrete details on punitive threats to get them to fall in line, but you're fooling yourself if you don't think policy makers in Delhi are already planning for contingencies.
The genie is out the bottle.
China's shifted much of their reserves from the dollar to the euro over the last decade plus and this experience is teaching them that even the euro is not safe from US pressure. This experience is highlighting what they have to contend with in an inevitable confrontation.
India is also getting a taste of it now. Getting pressured to sign onto these Russian sanctions. No one has floated any concrete details on punitive threats to get them to fall in line, but you're fooling yourself if you don't think policy makers in Delhi are already planning for contingencies.
By Frustrated_me Go To PostImagine having Gold as the worlds reserve currency in this economic climate with high inflation, interest rate adjustments and the need for liquidity to ramp up markets?Libertarians just got wet reading this part and ignoring the rest
By HasphatsAnts Go To Postno you're not getting what i'm saying. The calculus between the need for a "world reserve currency" versus each nation's own self interest has irrevocably changed. Everyone was happy to buy and hold dollar denominated assets because it was assumed that the US has a vested interest in not sabotaging the credibility of its own dollar hegemony. That is no longer the case.
The genie is out the bottle.
Wait, how has that changed?
And who is going to ensure the safety of the worlds trade through water, air and ground? And that's just one simple question, there are so many more important aspects to challanging the USD.
The 50$ garbage you buy from Amazon today is going to cost 500$ if the pirates don't intercept the package en route.
The 50$ garbage you buy from Amazon today is going to cost 500$ if the pirates don't intercept the package en route.
By diehard Go To PostWait, how has that changed?I'm not sure about where Hasphats is coming from but just the fact that USA can't handle its inflation it's a reason good enough to move away from the dollar ASAP
By Elchele Go To PostI'm not sure about where Hasphats is coming from but just the fact that USA can't handle its inflation it's a reason good enough to move away from the dollar ASAPMy international trade knowledge is fairly rudimentary but isn't inflation happening everywhere? The exchange rate for USD/Whatever is fairly on par to what it's been for a long time, right?
Inflation can't be curbed in an instant, it takes time.
In the context of the inflation in this current market, if you fight inflation you essentially kill liquidity in the markets - what the world (and not just the USA) needed during covid was (and in some cases is) liquidity, especially the poorer countries. Liquidity means more inflation, it's a pick the lesser evil and I think USA got it right for the most part.
Now Fed tapering is going to kick in and inflation be controlled, without getting into a recession.
In the context of the inflation in this current market, if you fight inflation you essentially kill liquidity in the markets - what the world (and not just the USA) needed during covid was (and in some cases is) liquidity, especially the poorer countries. Liquidity means more inflation, it's a pick the lesser evil and I think USA got it right for the most part.
Now Fed tapering is going to kick in and inflation be controlled, without getting into a recession.
By Not Go To Post
People suck
Obviously fuck those brown people. That’s where we take our stand
By DY_nasty Go To Post"Actions meet consequences 😉"Haha made me wince
fucking hell
