Treasury Secretary Janet Yellen is offering her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine’s long-term reconstruction.
Right so the argument is that back at the start of the invasion, Russia had not done a lot of damage (monetarily speaking) but now it has done so much damage that the frozen assets don’t even pay the whole bill, so taking it is akin to taking the assets of someone with a lot of debt.
I guess it kinda makes sense. Still think they should’ve taken it right at the start though. This war shouldn’t have gone on for so long like this.
Wait, did the US claim Iraq or Afghanistan their territory?
The US did give lots of assets to those countries to rebuild. Not nearly enough and I would support other countries freezing US assets and giving them to those countries to help rebuild.
Property rights are kinda a big deal in The West. Plus capital from less savory regimes brings in much needed liquidity in western markets. Ceasing this capital will make it less likely that The West is seen as a safe haven for investment from those kinds of countries. On the long term this might even cause a parallel financial system to arise, which would be very bad news for the US and it’s reserve currency.
I don’t understand why this wasn’t done on day 1 of the invasion.
International law I reckon.
Really? Any lawyers or something can verify?
Surely if international law applied back then, then it still does? What has changed?
Laws do change actually and thats a good thing.
Because international law isn’t a real thing, not in any sense that makes it similar to the internal laws of a state.
https://news.yahoo.com/bloomberg-seizure-frozen-russian-assets-213419107.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAI1Z-UZoBSU8Cq8YLNbrYmg5BLPdG_n3g4OfNsZ8lZgrAJ0pu9V0pwj0I1giomMCBvMnUysgyjum8-lqAx24uHwkhzXYfgZDdg42j1vku_rSqSr_jJmxCWnJNIkHaT8vsZqgkoi5bnAljqXnZiiftwJdo7Ia9fkx3dFqwj5Vfadt
Right so the argument is that back at the start of the invasion, Russia had not done a lot of damage (monetarily speaking) but now it has done so much damage that the frozen assets don’t even pay the whole bill, so taking it is akin to taking the assets of someone with a lot of debt.
I guess it kinda makes sense. Still think they should’ve taken it right at the start though. This war shouldn’t have gone on for so long like this.
Because if you want everyone to use your banking cartel, stealing people’s money as a political ploy tends to scare them away.
Or just don’t launch full scale invasions against sovereign countries? Is that bar too high?
Only we can do that
Wait, did the US claim Iraq or Afghanistan their territory?
The US did give lots of assets to those countries to rebuild. Not nearly enough and I would support other countries freezing US assets and giving them to those countries to help rebuild.
America installed a government that kidnapped little boys to rape them and transformed the entire economy into an opium farm,
Then they left and stole 7 Billion in Afghan assets.
For more info: https://youtu.be/SHcl-3vo2_0?si=8RZQpSodPPscCaDO
Guy I’m agreeing with you?
Sorry my bad. The answer is they claimed both and still occupy iraq
Here is an alternative Piped link(s):
https://piped.video/SHcl-3vo2_0?si=8RZQpSodPPscCaDO
Piped is a privacy-respecting open-source alternative frontend to YouTube.
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Instruction unclear. I proceeded to launch invasions against non sovereign countries
Property rights are kinda a big deal in The West. Plus capital from less savory regimes brings in much needed liquidity in western markets. Ceasing this capital will make it less likely that The West is seen as a safe haven for investment from those kinds of countries. On the long term this might even cause a parallel financial system to arise, which would be very bad news for the US and it’s reserve currency.