That $300bn in Russian assets was the cheapest imaginable way to undermine the entire Western financial system. Already Western banks have lost a similar amount since the "freeze", and every theft since has been marked on every global financial investors diary.
The Kremlin repatriated as much as it could before the SMO, and dangled the rest as an irresistible carrot to the numbskulls and thieves running Western society - who literally could not stop themselves.
And needless to say, Russia already gained far MORE in assets from the equally imbecilic enforced "sanctions" that lead to Western companies giving in to the pressure and selling them for pennies on the dollar to Russians, who turned many of them into new companies filling the same demands.
Of course $300bn is a LOT of money, I wouldn't smack you if you only offered ME 1% of that, lmao.
But the Kremlin has gained something worth considerably more - the undermining of trust in Western financial institutions.
Not being too knowledgeable in economics, I'm not sure I get your point, Gnuneo. Are you implying that leaving $300 bn to the West was a planned operation, so we (the West) would freeze/steal that money and eventually discredit ourselves? And how could things have possibly turned out worse for Russia had Moscow been able to repatriate all of it? Also, where is the information to be found about how much money the Kremlin repatriated prior to the SMO? Likewise, how do we know how much has Russia gained in assets by buying the cheaply sold Western companies? And how much those companies are presently yielding? For, regardless of the "accounting value" of any given company, it is only really worth, in practical terms, for what it actually generates, I would say. But again, I'm not too good in economics.
Oh, I suspect you are being too modest, Freelander. There is no specific place to learn such elements, titbits from various sites and people such as Hudson, Wolff, Sachs, and other analysts add up over time. Much depends upon by definition subjective analysis even from the most knowledgeable.
Now, add in that such a theft is ILLEGAL at the absolute core of the banking and legal systems, which means that Russia has a path to legal redress - and compensation, eventually, unless there is a complete breakdown of global relations and the entire Western financial system.
Yes, I personally am convinced it was deliberately left out there for what as transpired, and that this was a planned and long-gamed move - IF the West moved to extreme sanctions, which the Kremlin hoped wouldn't happen, but suspected it would.
How much are those companies - accurately - buildings, plant, skilled labour, - worth? Well, just look at the speed of the growth of the Russian economy. Those companies were exporting $bns in profits every year from Russia - now it is all being reinvested as they are owned by nationals instead. It has been a HUGE boon to the Russian economy.
While Western capitalists cry into their morning coffee at the mega-$Bns they were forced to lose by the fanatical political branch, aka Neocons, currently in charge.
It was a stunning gambit, and so far it has succeeded.
No modesty here. Sincerely, I know very, very little about macro-economics. Never ever heard of Hudson or Wolff, only of Sachs. I was asking you just for me better understanding what you wrote.
I have no arguments to oppose to your certitude; it's just my brain not finding, I don't know why, much sense in that presumedly smart move. In any case, I'd be glad if Russia is actually compensating for the "frozen" assets with those companies' cheap sales.
But as to legal redress on the part of Russia - well, my pessimism would say law is only for the likes of you and me, not for the world overlords.
On law, I suspect you are correct. However, should they wish/need to buy Russian gas, raw materials, or other rather vital necessities in life, they may find that repaying such theft/claims is actually essential - I'm guessing of course. But I suspect that 100,000 dead Russian young men who had no need to die whatsoever, let alone all the permanently injured and disabled, may harden many Russian hearts on such matters.
Michael Hudson, Professor Wolff - they're on YT quite often, and while I have certain differences of opinion from them both, that is hardly surprising, and not important. I can and do respect them anyway.
Indeed you're probably fortunate to have managed to avoid the topic of economics, in most cases you'd be better off studying astrology for making accurate predictions. ;)
Mandatory reminder that the reason the West has $300B in stolen Russian reserves is that Monke felt fit to tell Ramzan about the coming war and not Elvira.
That $300bn in Russian assets was the cheapest imaginable way to undermine the entire Western financial system. Already Western banks have lost a similar amount since the "freeze", and every theft since has been marked on every global financial investors diary.
The Kremlin repatriated as much as it could before the SMO, and dangled the rest as an irresistible carrot to the numbskulls and thieves running Western society - who literally could not stop themselves.
And needless to say, Russia already gained far MORE in assets from the equally imbecilic enforced "sanctions" that lead to Western companies giving in to the pressure and selling them for pennies on the dollar to Russians, who turned many of them into new companies filling the same demands.
Of course $300bn is a LOT of money, I wouldn't smack you if you only offered ME 1% of that, lmao.
But the Kremlin has gained something worth considerably more - the undermining of trust in Western financial institutions.
You lack the ability to think strategically.
Real AngloZ hours here. "If you kill your enemies, they win."
I don't understand your point, Anatoly?
Not being too knowledgeable in economics, I'm not sure I get your point, Gnuneo. Are you implying that leaving $300 bn to the West was a planned operation, so we (the West) would freeze/steal that money and eventually discredit ourselves? And how could things have possibly turned out worse for Russia had Moscow been able to repatriate all of it? Also, where is the information to be found about how much money the Kremlin repatriated prior to the SMO? Likewise, how do we know how much has Russia gained in assets by buying the cheaply sold Western companies? And how much those companies are presently yielding? For, regardless of the "accounting value" of any given company, it is only really worth, in practical terms, for what it actually generates, I would say. But again, I'm not too good in economics.
Oh, I suspect you are being too modest, Freelander. There is no specific place to learn such elements, titbits from various sites and people such as Hudson, Wolff, Sachs, and other analysts add up over time. Much depends upon by definition subjective analysis even from the most knowledgeable.
Now, add in that such a theft is ILLEGAL at the absolute core of the banking and legal systems, which means that Russia has a path to legal redress - and compensation, eventually, unless there is a complete breakdown of global relations and the entire Western financial system.
Yes, I personally am convinced it was deliberately left out there for what as transpired, and that this was a planned and long-gamed move - IF the West moved to extreme sanctions, which the Kremlin hoped wouldn't happen, but suspected it would.
How much are those companies - accurately - buildings, plant, skilled labour, - worth? Well, just look at the speed of the growth of the Russian economy. Those companies were exporting $bns in profits every year from Russia - now it is all being reinvested as they are owned by nationals instead. It has been a HUGE boon to the Russian economy.
While Western capitalists cry into their morning coffee at the mega-$Bns they were forced to lose by the fanatical political branch, aka Neocons, currently in charge.
It was a stunning gambit, and so far it has succeeded.
imo.
No modesty here. Sincerely, I know very, very little about macro-economics. Never ever heard of Hudson or Wolff, only of Sachs. I was asking you just for me better understanding what you wrote.
I have no arguments to oppose to your certitude; it's just my brain not finding, I don't know why, much sense in that presumedly smart move. In any case, I'd be glad if Russia is actually compensating for the "frozen" assets with those companies' cheap sales.
But as to legal redress on the part of Russia - well, my pessimism would say law is only for the likes of you and me, not for the world overlords.
On law, I suspect you are correct. However, should they wish/need to buy Russian gas, raw materials, or other rather vital necessities in life, they may find that repaying such theft/claims is actually essential - I'm guessing of course. But I suspect that 100,000 dead Russian young men who had no need to die whatsoever, let alone all the permanently injured and disabled, may harden many Russian hearts on such matters.
Michael Hudson, Professor Wolff - they're on YT quite often, and while I have certain differences of opinion from them both, that is hardly surprising, and not important. I can and do respect them anyway.
Indeed you're probably fortunate to have managed to avoid the topic of economics, in most cases you'd be better off studying astrology for making accurate predictions. ;)
Mandatory reminder that the reason the West has $300B in stolen Russian reserves is that Monke felt fit to tell Ramzan about the coming war and not Elvira.