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Sanctions on Russia

Started by Richard Wilson4 · · 👁 75 views · 9.5K replies

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Participants Richard Wilson4velvetcyclist95Jeremy Peterson4silentsurfer3rowdytiger13Carol Newman2William Anderson5Carl Cookfrozencobra50Paul Patel95Michael Davis10Gary WilsonGregory Ramos3slyfox43dustywolf13Tyler Jones6Larry Walker24Ashley Ramirez4Paul Clark80Adam Lee13northernangler8Nancy Ruiz5James Chavez91neonheron9 …
Morgan Morales4 Morgan Morales4 Member
36 messages
joined Mar 2022
#601 ·
boldotter2 said: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?

Look, that’s not really my main focus here. What I’m actually trying to get at is how all those sanctions are hitting Russia on their own home turf.
silverotter72 said: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.

The Russians actually have an alternative because they prepared for this exact scenario. Now, neither my boss nor I work at that specific firm—I’m just currently on my way to work—but I was listening to a segment on NPR this morning about how these sanctions are hitting American companies. You guys should really give it a listen.
When you get into the whole debate about democracy, capitalism, and the endless grind of global politics... I mean, let's be real for a second. You can't exactly slap heavy sanctions on a country and then turn around and keep buying their natural gas on a regular basis. It’s a bit of a contradiction, isn't it? I don't even know what the specific term is for that kind of double standard, but it definitely feels like we're trying to walk two different paths at once.
Michael Ortiz68 Michael Ortiz68 Regular
264 messages
joined Oct 2018
#602 ·
Morgan Morales4 said:Look, that’s not really my main focus here. What I’m actually trying to get at is how all those sanctions are hitting Russia on their own home turf.

The Russians actually have an alternative because they prepared for this exact scenario. Now, neither my boss nor I work at that specific firm—I’m just currently on my way to work—but I was listening to a segment on NPR this morning about how these sanctions are hitting American companies. You guys should really give it a listen.
When you get into the whole debate about democracy, capitalism, and the endless grind of global politics... I mean, let's be real for a second. You can't exactly slap heavy sanctions on a country and then turn around and keep buying their natural gas on a regular basis. It’s a bit of a contradiction, isn't it? I don't even know what the specific term is for that kind of double standard, but it definitely feels like we're trying to walk two different paths at once.

In what way exactly did they prepare?
Henry Doyle82 Henry Doyle82 Member
23 messages
joined Jun 2009
#603 ·
Morgan Morales4 said:Look, that’s not really my main focus here. What I’m actually trying to get at is how all those sanctions are hitting Russia on their own home turf.

The Russians actually have an alternative because they prepared for this exact scenario. Now, neither my boss nor I work at that specific firm—I’m just currently on my way to work—but I was listening to a segment on NPR this morning about how these sanctions are hitting American companies. You guys should really give it a listen.
When you get into the whole debate about democracy, capitalism, and the endless grind of global politics... I mean, let's be real for a second. You can't exactly slap heavy sanctions on a country and then turn around and keep buying their natural gas on a regular basis. It’s a bit of a contradiction, isn't it? I don't even know what the specific term is for that kind of double standard, but it definitely feels like we're trying to walk two different paths at once.

It’s called energy dependency. The natural gas heating infrastructure across Europe was built up over decades, much like the electrical grid... It’s pretty delusional to think you can just scrap something like that overnight and swap it out for something else.

And what is Europe supposed to do now? Just turn a blind eye to Putin's insane invasion offensive just because they rely on Russian gas?

Stalin was Hitler's main ally and supplier of iron ore and oil, right up until the moment Hitler attacked him.
hollowdriver13 hollowdriver13 Regular
705 messages
joined Feb 2022
#604 ·
The dollar just went from 122:1 to 146:1 today. Talk about a massive nose dive.
Amanda Allen4 Amanda Allen4 Active Member
238 messages
joined Feb 2013
#605 ·
Morgan Morales4 said:Look, that’s not really my main focus here. What I’m actually trying to get at is how all those sanctions are hitting Russia on their own home turf.

The Russians actually have an alternative because they prepared for this exact scenario. Now, neither my boss nor I work at that specific firm—I’m just currently on my way to work—but I was listening to a segment on NPR this morning about how these sanctions are hitting American companies. You guys should really give it a listen.
When you get into the whole debate about democracy, capitalism, and the endless grind of global politics... I mean, let's be real for a second. You can't exactly slap heavy sanctions on a country and then turn around and keep buying their natural gas on a regular basis. It’s a bit of a contradiction, isn't it? I don't even know what the specific term is for that kind of double standard, but it definitely feels like we're trying to walk two different paths at once.

Oh, you absolutely can—it’s called selective sanctions.

You just conveniently exempt whatever you need from the restrictions until you've managed to secure some alternative supply chain for your goods. And let's be real here—the guy selling the product isn't doing it out of the goodness of his heart to make your life easier; he's doing it because he needs the cash. He's motivated by survival, plain and simple.

It's glaringly obvious: sanctions hit both sides, but they certainly don't hit them equally. Some players walk away with more profit than pain, while others get absolutely crushed.
Morgan Morales4 Morgan Morales4 Member
36 messages
joined Mar 2022
#606 ·
Michael Ortiz68 said:In what way exactly did they prepare?

Look, I don't know all the gritty details—it's not like I'm in the loop with them to get a clear explanation or anything—but even as a blonde girl who might be a bit naive, I just don't buy the idea that you can suddenly fix an entire internet infrastructure in just ten days during an invasion.

Henry Doyle82 said:It’s called energy dependency. The natural gas heating infrastructure across Europe was built up over decades, much like the electrical grid... It’s pretty delusional to think you can just scrap something like that overnight and swap it out for something else.

And what is Europe supposed to do now? Just turn a blind eye to Putin's insane invasion offensive just because they rely on Russian gas?

Stalin was Hitler's main ally and supplier of iron ore and oil, right up until the moment Hitler attacked him.

Personally, I agree that any act of aggression should be met with sanctions, regardless of who is behind it, just so everyone else learns their lesson before they try something similar. I really hope they do learn.
If this is such a massive issue of energy dependency, why didn't they spend those two years of using the gas developing alternatives immediately? We guess we'll never truly know.
hollowdriver13 hollowdriver13 Regular
705 messages
joined Feb 2022
#607 ·
Man, seeing the dollar climb past 160... 🙏
casualtiger2 casualtiger2 Regular
330 messages
joined Apr 2022
#608 ·
Putin plunges Russia into technological Stone Age
No tech, no chips from the USA or the EU, and zero domestic manufacturing capability = the bad guy is dragging Russia right back into the prehistoric age.
hollowdriver13 said:The Ruble hits 160+

This drags a ton of other issues along with it—let some economist explain the specifics better than I can—massive inflation, supply shortages...
That 20% interest rate set by the Federal Reserve is already old news...
Benjamin Taylor6 Benjamin Taylor6 Regular
577 messages
joined Apr 2017
#609 ·
hollowdriver13 said:The dollar just went from 122:1 to 146:1 today. Talk about a massive nose dive.

So, here we go—Putin is prepping his own set of sanctions against the West:
The Russian government announced they’ve compiled a list of "unfriendly" nations where Russian citizens and companies are now permitted to settle their debts using Rubles—a currency that has already lost 45 percent of its value since January.

That list includes the USA, Canada, Australia, various European Union member states (including the US equivalent of a mid-sized European nation), the United Kingdom, Switzerland, Monaco, South Korea, and Japan.

What kind of fallout should those countries actually expect?
This whole thing was greenlit following a presidential decree on March 5th, which essentially gives the Russian government, its corporations, and its private citizens a loophole to temporarily pay off foreign currency debts to international creditors from these "unfriendly" nations using Rubles instead.

Basically, if a debtor asks a Russian bank to open a special Ruble account on behalf of a foreign creditor, they can send over the Ruble equivalent based on the daily exchange rate set by the Central Bank of Russia. This is one of the first real retaliatory strikes from Russia regarding the sanctions imposed on them due to the invasion of Ukraine.


Does this mean if some American firm had invested $10 million in Russia, they’re just going to get paid back in Rubles? And more importantly—at what exchange rate? Because that sounds like a massive headache.
I’m also wondering what’s going to happen with all those Russian Eurobonds that are hitting maturity year after year. It feels like a ticking time bomb.
silverotter72 silverotter72 Active Member
126 messages
joined Mar 2022
#610 ·
The Russian economy is being dismantled in real-time. At one point, it was sitting at 162:
image

I mean, there just aren't enough cassette bombs, hypersonic precision missiles, tanks, or an army capable of inflicting this much damage on a country that's physically that massive.
Carl Lee27 Carl Lee27 Regular
368 messages
joined Feb 2024
#611 ·
casualtiger2 said:Putin plunges Russia into technological Stone Age
No tech, no chips from the USA or the EU, and zero domestic manufacturing capability = the bad guy is dragging Russia right back into the prehistoric age.

This drags a ton of other issues along with it—let some economist explain the specifics better than I can—massive inflation, supply shortages...
That 20% interest rate set by the Federal Reserve is already old news...

See, the thing is, manufacturing has been shifted over to places like Taiwan and Korea over the last few decades, but even those guys are likely going to jump on board with the sanctions. I really think they have to, because companies like Intel, Apple, and everyone else in that sphere rely so heavily on technology and machinery coming straight out of the USA and the EU.
And honestly, these microchips? They’re easily the most critical, complex products of this entire century.
slyfox43 slyfox43 Regular
292 messages
joined May 2023
#612 ·
silverotter72 said:The Russian economy is being dismantled in real-time. At one point, it was sitting at 162:
image

I mean, there just aren't enough cassette bombs, hypersonic precision missiles, tanks, or an army capable of inflicting this much damage on a country that's physically that massive.

It’s really nothing more than a scratch.

Now Putin is going to bite their legs right off.
hollowdriver13 hollowdriver13 Regular
705 messages
joined Feb 2022
#613 ·
Carl Lee27 said:See, the thing is, manufacturing has been shifted over to places like Taiwan and Korea over the last few decades, but even those guys are likely going to jump on board with the sanctions. I really think they have to, because companies like Intel, Apple, and everyone else in that sphere rely so heavily on technology and machinery coming straight out of the USA and the EU.
And honestly, these microchips? They’re easily the most critical, complex products of this entire century.

South Korea and Taiwan have actually been right there in the mix with sanctions from day one—whether it's following along when the USA rolls out a new package or just copying what they see happen.
Nancy Lopez7 Nancy Lopez7 Newcomer
9 messages
joined Mar 2022
#614 ·
silverotter72 said:The Russian economy is being dismantled in real-time. At one point, it was sitting at 162:
image

I mean, there just aren't enough cassette bombs, hypersonic precision missiles, tanks, or an army capable of inflicting this much damage on a country that's physically that massive.


Fortress Russia 🍿
Zachary Johnson3 Zachary Johnson3 Newcomer
3 messages
joined Mar 2022
#615 ·
Man, the ruble is absolutely tanking... it's already down to 175 per USD
silverotter72 silverotter72 Active Member
126 messages
joined Mar 2022
#616 ·
Morgan Morales4 said:Look, that’s not really my main focus here. What I’m actually trying to get at is how all those sanctions are hitting Russia on their own home turf.

The Russians actually have an alternative because they prepared for this exact scenario. Now, neither my boss nor I work at that specific firm—I’m just currently on my way to work—but I was listening to a segment on NPR this morning about how these sanctions are hitting American companies. You guys should really give it a listen.
When you get into the whole debate about democracy, capitalism, and the endless grind of global politics... I mean, let's be real for a second. You can't exactly slap heavy sanctions on a country and then turn around and keep buying their natural gas on a regular basis. It’s a bit of a contradiction, isn't it? I don't even know what the specific term is for that kind of double standard, but it definitely feels like we're trying to walk two different paths at once.

Give me a break. You sound like a paid troll, probably operating out of Mexico (judging by those typos you can't seem to shake).
He claims he’s prepared... just look at the ruble:

image

If this counts as being "prepared," I sincerely hope he’s applied that same level of foresight to his military and his contingency plans (though, looking at the state of things, I highly doubt it).
Prepared? More like marching straight into the same hole he crawled out of.
Amanda Allen4 Amanda Allen4 Active Member
238 messages
joined Feb 2013
#617 ·
Morgan Morales4 said:Look, I don't know all the gritty details—it's not like I'm in the loop with them to get a clear explanation or anything—but even as a blonde girl who might be a bit naive, I just don't buy the idea that you can suddenly fix an entire internet infrastructure in just ten days during an invasion.

Personally, I agree that any act of aggression should be met with sanctions, regardless of who is behind it, just so everyone else learns their lesson before they try something similar. I really hope they do learn.
If this is such a massive issue of energy dependency, why didn't they spend those two years of using the gas developing alternatives immediately? We guess we'll never truly know.

Look, a wide-open global market is ideal. Why would I bother baking my own bread when I can just go buy it cheaper at the local bakery? But—and this is a big "but"—when you're faced with outright aggression, you defend yourself using every tool at your disposal.

It is far better to hit Russia with sanctions than to engage them in a full-scale war with weapons.

Eventually, we'll find substitutes for everything we currently buy from Russia, and the world will inevitably split into two poles—each with its own economy. On one side, you'll have democracy, and on the other, totalitarianism.
hollowdriver13 hollowdriver13 Regular
705 messages
joined Feb 2022
#618 ·
$171🙏

I mean, I'm starting to think we're officially out of stock...
silverotter72 silverotter72 Active Member
126 messages
joined Mar 2022
#619 ·
Benjamin Taylor6 said:So, here we go—Putin is prepping his own set of sanctions against the West:
The Russian government announced they’ve compiled a list of "unfriendly" nations where Russian citizens and companies are now permitted to settle their debts using Rubles—a currency that has already lost 45 percent of its value since January.

That list includes the USA, Canada, Australia, various European Union member states (including the US equivalent of a mid-sized European nation), the United Kingdom, Switzerland, Monaco, South Korea, and Japan.

What kind of fallout should those countries actually expect?
This whole thing was greenlit following a presidential decree on March 5th, which essentially gives the Russian government, its corporations, and its private citizens a loophole to temporarily pay off foreign currency debts to international creditors from these "unfriendly" nations using Rubles instead.

Basically, if a debtor asks a Russian bank to open a special Ruble account on behalf of a foreign creditor, they can send over the Ruble equivalent based on the daily exchange rate set by the Central Bank of Russia. This is one of the first real retaliatory strikes from Russia regarding the sanctions imposed on them due to the invasion of Ukraine.


Does this mean if some American firm had invested $10 million in Russia, they’re just going to get paid back in Rubles? And more importantly—at what exchange rate? Because that sounds like a massive headache.
I’m also wondering what’s going to happen with all those Russian Eurobonds that are hitting maturity year after year. It feels like a ticking time bomb.

You know what this actually means? Absolutely nothing. Nobody in the global financial community is going to recognize this "repayment." It feels like pure PR intended for the naive folks back inside Russia. It's like if I walked into a Chase Bank and tried to pay off my credit card bill with seashells I gathered at the beach. That’s essentially the situation here.
bluemason3 bluemason3 Veteran
1.1K messages
joined Jun 2016
#620 ·
silverotter72 said:Give me a break. You sound like a paid troll, probably operating out of Mexico (judging by those typos you can't seem to shake).
He claims he’s prepared... just look at the ruble:

image

If this counts as being "prepared," I sincerely hope he’s applied that same level of foresight to his military and his contingency plans (though, looking at the state of things, I highly doubt it).
Prepared? More like marching straight into the same hole he crawled out of.

https://i.ibb.co/vdq118S/Pjur-analys...nal-lube-2.jpg

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