European political and financial leaders spent much of this past week deliberating on the possibility of making the $137 billion (or $208 billion, no one seems to be able to say for sure) in Russian assets held by Euroclear Bank available to Ukraine, which is in desperate need of large infusion of cash.
I've worked in a place where contingencies were ignored because they'd be disastrous if they actually happened. This scheming to take sovereign funds looks exactly like that. They have no idea what to do when the Russians come for their money, as they will. All the EU compradors have in preparation for that are vibes and their own fumes.
Like America, UkroNam is bankrupt and beholden to shady banksterz, fraudsterz, con artists and bad actors who do distatateful things to poor helpless pianas, thieves murderers child killers and organ harvesters ....
But is there an objective financial risk to Europe if Ukraine runs out of money, besides Ukraine losing and the subsequent humiliation of several eurotrash leaders?
1. Ukraine defaulting on the hundreds of billions of dollars of debt it currently owes
2. The end of the war making defense driven deficit spending by countries like Germany no longer justifiable. This spending is essential for counteracting the decline of European manufacturing. I'm currently working on another piece about this.
I've worked in a place where contingencies were ignored because they'd be disastrous if they actually happened. This scheming to take sovereign funds looks exactly like that. They have no idea what to do when the Russians come for their money, as they will. All the EU compradors have in preparation for that are vibes and their own fumes.
Like America, UkroNam is bankrupt and beholden to shady banksterz, fraudsterz, con artists and bad actors who do distatateful things to poor helpless pianas, thieves murderers child killers and organ harvesters ....
But is there an objective financial risk to Europe if Ukraine runs out of money, besides Ukraine losing and the subsequent humiliation of several eurotrash leaders?
Yes, there are two major financial risks:
1. Ukraine defaulting on the hundreds of billions of dollars of debt it currently owes
2. The end of the war making defense driven deficit spending by countries like Germany no longer justifiable. This spending is essential for counteracting the decline of European manufacturing. I'm currently working on another piece about this.
We go through similar "Will they? Won't they?" kabuki every few months. Sometimes it's budgetary, sometimes not.
Belgium will cave, some other workaround will be found. In the end, they always will.
Russian dithering, timidity and (i hate to say it) incompetence have caused the West to smell blood and they will be satisfied with nothing but blood.
😀 😃
This is being driven by American and British hedge funds. This is the death of capitalism if it proceeds.
Capitalism btw is just any business done in English, from the Pagan Anglo Saxons on. Private property was sacred, your money was safe.