Sanctions on Russia

Jack Kelly5 said:You're talking about our Secretary Marić...
I don't know, man, how's everyone else feeling about it?
😬

Some people might find this hilarious, but honestly, the workers over at General Dynamics aren't laughing at all.

https://noahpinion.substack.com/p/ho...ns-hurting?s=r

An excellent breakdown on the sanctions situation—lots of deep dives and links scattered throughout the piece.

long story short — they’re going to gut the Russian economy.

Is there actually a solid, deep-dive analysis anywhere on how this whole situation is going to hit us Americans right here in the States?

@ silverotter72

"Maybe I could just hand out gold instead of food—let people snack on it and lick it if they're hungry."

A little golden parable for you: Three gold miners are heading back to California after hitting it big during the Yukon (Klondike) rush, riding a donkey loaded down with pure gold. To avoid being robbed, they travel under the cover of night—smart, right?—but then they start bickering. It turns into a full-blown Western shootout over nothing! In the end, only one man is left standing, but even he doesn't win. He keeps pushing forward through the desert without a drop of water, only to die of thirst.

In a situation like that, how much would a single glass of water have been worth? Pretty sure it beats a mountain of gold any day of the week.

136 bucks for a pile of debris🍿

Morgan Morales4 said:You know, honestly, I feel like we’ll be running errands for the Federal Reserve long before we see any actual collapse from Russia—I mean, an employee at General Dynamics is going to run out of bread way before that famous Russian empire falls apart. We shouldn't be obsessing over what's happening in Russia; instead, we should really be looking at the fallout from all these sanctions being thrown around by those high-and-mighty European economic gurus. Because let’s be real: an oligarch will still find a way to snag something luxury in the West, whereas a blue-collar worker at a place like General Dynamics might actually struggle to afford a loaf of bread. And at the end of the day, how does that even affect us?

Good grief, the amount of nonsense I have to wade through here. "Before this happens..." Look, just look at the chart I linked. It isn't some crystal ball predicting the future; it shows exactly what is happening right now. Russian oligarchs have their cash frozen outside of Russia, their assets are being seized, their credit cards don't work, and they can barely travel. Russia is staring down a recession unlike anything the world has seen, and you're bringing up one single American defense contractor?
Yes, I feel for the people working at that company, truly, but that's just how the world works. Back in 2008, I was working for a firm whose primary partner was a massive construction giant. When everything ground to a halt, there were pay cuts, layoffs... and who was there to weep for me back then? Nobody.
The folks at General Dynamics will eventually do exactly what I did: find a new job, find new clients, and move on.
Russia, on the other hand, has nowhere else to go. There isn't some other planet out there that has no idea what they're doing that they can just start trading with.

Daniel Barnes53 said:

Every $ 10 rise in oil prices boosts Russia's current account surplus by 1.5 percentage points. I mean, so The huge rise in oil prices due to Russia's War, even allowing for self-sanctioning and discounts in Urals crude, basically acts as this massive windfall of hard currency for Putin.

I guess we'll just have to wait and see how long this can actually last. I mean, sure, traders and refineries are dodging Russian oil for now, but there are some very real, very concrete sanctions sitting right there on the table.

The US Secretary of State's announcement regarding sanctions on Russian energy

The President has reportedly pulled his National Security Council together to talk this through.

Antony Blinken mentioned that the US and its partners are having these "very active discussions" about potentially banning all Russian oil and natural gas imports as part of a major new wave of retaliatory sanctions following the invasion of Ukraine.

Up until this point, the US and Western allies' decision to maintain energy imports from Russia was really about protecting their own backyards—trying to prevent a total economic meltdown at home since inflation is already hitting everyone so hard at the gas pump and in grocery stores.

https://www.theguardian.com/us-news/...il-imports-ban

Carl Lee27 said:I guess we'll just have to wait and see how long this can actually last. I mean, sure, traders and refineries are dodging Russian oil for now, but there are some very real, very concrete sanctions sitting right there on the table.

The US Secretary of State's announcement regarding sanctions on Russian energy

The President has reportedly pulled his National Security Council together to talk this through.

Antony Blinken mentioned that the US and its partners are having these "very active discussions" about potentially banning all Russian oil and natural gas imports as part of a major new wave of retaliatory sanctions following the invasion of Ukraine.

Up until this point, the US and Western allies' decision to maintain energy imports from Russia was really about protecting their own backyards—trying to prevent a total economic meltdown at home since inflation is already hitting everyone so hard at the gas pump and in grocery stores.

https://www.theguardian.com/us-news/...il-imports-ban

In the long run, they’ll definitely look for other ways to get what they need. But in the short term? If they pull the trigger on this, we could be looking at a massive recession.
I guess if they go through with it without finding an alternative to Russia first, Western leaders might end up looking even more foolish than Putin. I mean, with his blatant aggression toward Ukraine, he's already lost way more than he's gained at this point.

Man, the dollar just hit 140... can you believe it? It was sitting right at 72 barely a month ago.

hollowdriver13 said:Man, the dollar just hit 140... can you believe it? It was sitting right at 72 barely a month ago.

They’ve really messed things up... I lost count of how many layoffs there've been, and more are coming. People working hard are seeing their paychecks cut in half. If this doesn't trigger a coup, I don't know what will.

silverotter72 said:Good grief, the amount of nonsense I have to wade through here. "Before this happens..." Look, just look at the chart I linked. It isn't some crystal ball predicting the future; it shows exactly what is happening right now. Russian oligarchs have their cash frozen outside of Russia, their assets are being seized, their credit cards don't work, and they can barely travel. Russia is staring down a recession unlike anything the world has seen, and you're bringing up one single American defense contractor?
Yes, I feel for the people working at that company, truly, but that's just how the world works. Back in 2008, I was working for a firm whose primary partner was a massive construction giant. When everything ground to a halt, there were pay cuts, layoffs... and who was there to weep for me back then? Nobody.
The folks at General Dynamics will eventually do exactly what I did: find a new job, find new clients, and move on.
Russia, on the other hand, has nowhere else to go. There isn't some other planet out there that has no idea what they're doing that they can just start trading with.

Maybe those folks over at Dura are also stuck with nowhere to go, which means the American budget won't have anywhere to go either, right?

Carl Lee27 said:There isn't a solid confirmation yet that Russia is actually going to wall itself off from the rest of the internet, but I just wanted to drop this here as a little reminder that they definitely have the capability to pull it off if they want to.

Breaking News: Russia to Reportedly cut Reliance on External internet with Companies Required ".RU" Domain : Ready Since 2019

With everything that IT is happening between Ukraine and Russia, there's this claim floating around that Russia has decided to basically sever its ties with the global internet.

If this holds up, it means businesses are going to be forced to switch over to a ".ru" domain starting March 11th.
Where did The News Come from?

A Twitter account called Black Swan Has made The claim regarding Russia. You can check out the whole post right here:
BREAKING: RUSSIA WILL DISCONNECT FROM EXTERNAL INTERNET STARTING MARCH 11. ALL COMPANIES IN RUSSIA ARE REQUIRED TO GET ON A ".RU" ADDRESS AND RUSSIAN DOMESTIC SERVER. BUSINESS HAVE 5 DAYS TO COMPLY. Cyber attacks on US inbound...
- Black Swan (@RetirementRight) March 7, 2022

Looking at The account's Twitter bio, the owner is listed as a land broker and an investor who holds a JD/MS in Financial Planning. Just a heads-up though—this account hasn't been verified on Twitter.

The account also noted that The owner is The author of a weekly financial newsletter and podcast called " The Warren Letter

I tried digging around to see if anyone else was reporting that Russia is truly planning to disconnect from the outside world, but honestly, only one other source popped up.

https://www.techtimes.com/articles/2...since-2019.htm

A certain Twitter user has managed to discover water that was already boiling.

Anthony Hill5 said:I suspect the logical next step is the total disconnection of Russia from the global web. They have been developing their own sovereign internet for years now out of what they claimed was a fear of being cut off by Americans. However, isn't it becoming increasingly obvious that the true purpose behind building such an infrastructure was to prepare for an invasion of Ukraine, ensuring they could suppress information flow and stifle any potential domestic unrest or protests?

Sanctions against Russia have pushed European gas prices to an all-time high, topping $3,600 per cubic meter. ☕
https://www.business-standard.com/ar...0700783_1.html

Morgan Morales4 said:Maybe those folks over at Dura are also stuck with nowhere to go, which means the American budget won't have anywhere to go either, right?

Actually, they do. And that’s precisely where the distinction lies. Everyone working within the federal bureaucracy has options if they actually care to look, just like I had back in 2008. I notice you bring up the government quite often; there seems to be a certain familiarity there, perhaps you work for one of these agencies, or maybe someone close to you does. It’s a bit grim, I suppose, but in a democracy driven by capitalism, there is no such thing as a permanent, guaranteed career. Jobs ought to cycle through people regularly. Those in the public sector can certainly be assisted, though they are more than capable of helping themselves. Russia, on the other hand, really doesn't have an alternative.

Emily Fox2 said:Sanctions against Russia have pushed European gas prices to an all-time high, topping $3,600 per cubic meter. ☕
https://www.business-standard.com/ar...0700783_1.html

Given that gas seems to be flowing as if there isn't even a conflict going on, I suspect this isn't really about sanctions. It feels more like market speculation to me—or, more likely, just the result of companies aggressively refilling reserves that were probably sitting at dangerously low levels until now.

Emily Fox2 said:Sanctions against Russia have pushed European gas prices to an all-time high, topping $3,600 per cubic meter. ☕
https://www.business-standard.com/ar...0700783_1.html

🤦 🙄

Maybe don't embarrass yourself quite so much. That’s $3,600 for a thousand cubic meters, which works out to about $3.60 per cubic meter...

silverotter72 said:Given that gas seems to be flowing as if there isn't even a conflict going on, I suspect this isn't really about sanctions. It feels more like market speculation to me—or, more likely, just the result of companies aggressively refilling reserves that were probably sitting at dangerously low levels until now.

Well, thank God for that.

Emily Fox2 said:Sanctions against Russia have pushed European gas prices to an all-time high, topping $3,600 per cubic meter. ☕
https://www.business-standard.com/ar...0700783_1.html

That’s not really about the sanctions. Sanctions are just a reaction to Russia's aggression. Even if you argue the price is directly tied to this situation, it's still a consequence of the aggression itself, not the sanctions...

Emily Fox2 said:Sanctions against Russia have pushed European gas prices to an all-time high, topping $3,600 per cubic meter. ☕
https://www.business-standard.com/ar...0700783_1.html

Ford, the old academic, 🙏

Morgan Morales4 said:Maybe those folks over at Dura are also stuck with nowhere to go, which means the American budget won't have anywhere to go either, right?

Oh, please, forget about Ford—it’s just a mess. I guess the US government and our economy have basically burned through 150 companies just like Ford over the last 30 years, and yet here we are, still stuck in the same spot, just waiting for neighbors to pity us and send snacks to the forums.

Ford is our issue, our government is our issue, and our LNG terminal belongs to us—so where's yours?