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REPO act. Steal Russia's money.

Posted on 4/22/24 at 11:38 am
Posted by ScottFowler
NE Ohio
Member since Sep 2012
4146 posts
Posted on 4/22/24 at 11:38 am
Zero Hedge


This allows the frozen Russian assets in bank to be seized, stolen, and used to give to whomever the Feds see fit (Ukraine).

It is as if the whole collective west has lost its mind completely. As if they are untouchable.
Unbelievable arrogance.

They do this as the US Debt is already an unmanagable amount.
Posted by SCLibertarian
Conway, South Carolina
Member since Aug 2013
36050 posts
Posted on 4/22/24 at 11:38 am to
Test run for future use against Americans.
Posted by Leto II
Arrakis
Member since Dec 2018
21318 posts
Posted on 4/22/24 at 11:39 am to
Can't we just keep it?
Posted by Lima Whiskey
Member since Apr 2013
19255 posts
Posted on 4/22/24 at 11:39 am to
Yup.

If they’ll do it to Russia, they’ll do it to us.
This post was edited on 4/22/24 at 11:40 am
Posted by FATBOY TIGER
Valhalla
Member since Jan 2016
8910 posts
Posted on 4/22/24 at 11:40 am to
They already steal your money.
Posted by RiverCityTider
Jacksonville, Florida
Member since Oct 2008
4337 posts
Posted on 4/22/24 at 11:41 am to
It hurts trade. It hurts the dollar.
Posted by texas tortilla
houston
Member since Dec 2015
1829 posts
Posted on 4/22/24 at 11:43 am to
why would china or anyone want to keep money in US denominated debt? make the US pays their bills in gold.
Posted by grich31
Youngsville, La
Member since May 2008
1178 posts
Posted on 4/22/24 at 11:43 am to
Great outcome, if US sanctioned Russia and ceased assets to cover UKraine tab that is a good thing, less money from US tax payers, seems like a great outcome
Posted by jawnybnsc
Greer, SC
Member since Dec 2016
4972 posts
Posted on 4/22/24 at 11:43 am to
They are actively work to destroy the dollar. This is likely the last straw.
Posted by jawnybnsc
Greer, SC
Member since Dec 2016
4972 posts
Posted on 4/22/24 at 11:44 am to
Nobody is going to want to buy our debt. Do you not understand the consequences of that?
Posted by Tantal
Member since Sep 2012
13996 posts
Posted on 4/22/24 at 11:45 am to
quote:

It hurts the dollar.

This is the main issue. People see the U.S. and the dollar as a safe haven for their money. If it's demonstrated that our government can arbitrarily seize funds, that diminishes faith in our system. That capital will go elsewhere.
Posted by loogaroo
Welsh
Member since Dec 2005
30681 posts
Posted on 4/22/24 at 11:46 am to
We have never done this until now.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7722 posts
Posted on 4/22/24 at 11:47 am to
This won’t end well.
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
5002 posts
Posted on 4/22/24 at 11:48 am to
quote:

Test run for future use against Americans.


Trump victimhood is strong in you

A victim of something that doesn't exist
Posted by Placekicker
Florida
Member since Jan 2016
8132 posts
Posted on 4/22/24 at 11:49 am to
quote:

Nobody is going to want to buy our debt. Do you not understand the consequences of that?


Spot on. They tried that recently and nobody wanted to buy our bonds because, with our inflation, they will be worth less when they mature than they were when they were bought.

This is bad. Yet, we keep printing money and borrowing money and spending money and…
Posted by RaoulDuke504
Member since Aug 2023
765 posts
Posted on 4/22/24 at 11:50 am to
They are literally willing to destroy America for Ukraine they are either retarded or evil or both
Posted by OccamsStubble
Member since Aug 2019
5001 posts
Posted on 4/22/24 at 11:50 am to
quote:

We have never done this until now.


We did this to Lybia
Posted by Nosevens
Member since Apr 2019
10324 posts
Posted on 4/22/24 at 11:51 am to
Our so called safe environments for banking and investment is why people and countries around the world come here with their money. Holding money is one thing but seizing another governments money is a resounding FU in future investments
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98843 posts
Posted on 4/22/24 at 11:52 am to
Act
Of
War
Posted by TBoy
Kalamazoo
Member since Dec 2007
23720 posts
Posted on 4/22/24 at 11:52 am to
The Russians have taken everything from the western businesses that pulled out of Russia when the war started and given the property and whatever was left behind to Russians to reopen and operate the businesses under new names.

I don't recall a Poli Board protest about that.
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