Ukraine War

[Longhorn_Fan68 34106]

meanwhile, here's what people not beholden to Putin are doing

 

[Longhorn_Fan68 34106]

will see if I can find a second source for this

 

[Horn Under a Bad Sign 20924]

4 hours ago, cactusflinthead said:

 

The comments are gold.

"Pretty sure her sweater is from 1989. The Cosby Collection."

[6th Street 6692]

Ted Cruz should volunteer to join the front lines in Ukraine

[Immaculate Vibes 114]

16 hours ago, Bullneck said:

When was the dollar damaged?

This is a pretty strong summary of the background and the likely effects of our actions. 
 

“The prospect of total asset invalidation is an unacceptable tail risk, and any nation-state wary of falling afoul of U.S. sensibilities, especially as the U.S. becomes ever more capricious and less interested in the well-being of the international sphere it used to govern, will consider diversifying out of U.S. Treasurys and other freezable assets.”

 

 

[cactusflinthead 27627]

12 minutes ago, Longhorn_Fan68 said:

will see if I can find a second source for this

 

Yeah, it passed last week. 

 

[F250 29201]

13 minutes ago, Immaculate Vibes said:

This is a pretty strong summary of the background and the likely effects of our actions. 
 

“The prospect of total asset invalidation is an unacceptable tail risk, and any nation-state wary of falling afoul of U.S. sensibilities, especially as the U.S. becomes ever more capricious and less interested in the well-being of the international sphere it used to govern, will consider diversifying out of U.S. Treasurys and other freezable assets.”

 

 

I had to look up who is Nic Carter.

 

lulz

[C-Man 27779]

1 hour ago, Tex48 said:

I think it was short sighted bc it took too much time. I'm pissed we didn't go straight for the jugular to start with and ban russian crude domestically tbh even if our allies didn't follow.  We also let the Italians and other countries cut deals with Russian commodities such as aluminum before we pushed through sanctions. We let Putin's semi-state owned enterprises make money before we pushed through sanction that actually mattered.  At the end of the day, the oligarchs and Putin still got paid and I believe we cost ourselves and focused on the wrong things. 

I mean the invasion began on 2/24. I believe pretty swift reprisals and sanctions were enacted within a week or so.

[Horn Under a Bad Sign 20924]

 

[Immaculate Vibes 114]

3 hours ago, Tex48 said:

I think you need to realize no one in the CR understands how the USD functions as a reserve currency or why this matters. I agree with everything you are saying and think you are right.  I work in crude oil trading and as soon as all of these things happened we knew there would be ramifications like this that the general public does not understand. I think this was a very short sighted move by the current admin for brownie points and we will see the ramifications for years to come. 

For the those of you who are about to neg me, your dollar is going to lose value over time as a direct result of this and you should care.  

Thanks. It seems clear to me, but a lot of my intellectual focus outside of my job is following this stuff. Like I said a weird gap in knowledge here. A lot of the responses here proving my point.
 

Let’s see. 
 

3 hours ago, Neonmoon said:

I understand how the USD functions as a reserve currency and why it matters. China will continue to try and replace the dollar with the yuan, however, it will struggle as a reserve because it's not a safe store of value with easy to access banks and low risk bonds, and Beijing imposing strict controls. 

So I disagree, it was not short-sighted to impose sanctions on Russia as they commit genocide in Ukraine for a little pearl clutching about the US dollar. 

Your opinion here shows that you really don’t understand. The dollar and the global financial system function solely on faith and trust. Seizing a country’s Central Bank reserves will cause many parties to question how many dollar and other fiat reserves they want to hold and with whom. It will cause demand for dollars to decrease over time. Saudi already becoming more vocal about other options.

China doesn’t have to be ready now. These things take time.  This accelerated change.

 

1 hour ago, Hefeweizen said:

Lol this is bullshit.  No one trusts the Chinese government and if the Saudis want a reserve currency they trust they’ll still either go Swiss francs euros pounds or dollars.  Yuan fucking nuts if you think anyone will put cash in Chinese denomination.

It doesn’t have to be China. That’s just who SA is looking at because of their trade volumes. Our sanctions push the financial system to becoming multipolar rather than unipolar as it currently stands. 
 

1 hour ago, Dahobbs said:

You're an absolute fucking moron if you believe that Chinese or Saudi interest in moving away from the dollar is directly tied to sanctions over Ukraine (which is what the person you're agreeing with thinks). And you're a special moron if you think giving into Putin would not result in Russia's continued progress in weakening our status globally, including by replacing the dollar as the primary reserve currency. 

Why wouldn’t seizing of FX reserves cause policy reconsiderations? We literally took the national wealth from a belligerent country. Of course other countries take notice. It’s foolish to pretend they won’t. Feels like you’re the moron. 
 

1 hour ago, Dahobbs said:

 

Also, I'm pretty sure the idiot's preference that everyone adopt Bitcoin would also replace the US Dollar as the global reserve currency and would have a much more substantial "negative ramifications for years to come." Maybe choose your bedfellow more carefully before lecturing to the rest of us. 

I’d rather the dollar remain unquestioned leader. I’m into bitcoin as a hedge and evidently I can read the tea leaves and history better than 99% of posters here.  
 

1 hour ago, Tuco said:

Thankyou.  Reading through the comments was like watching the disinformation machine play out in real time.  

Fucking idiotvibes posts about the dollar crashing and how it's tied to Ukraine sanctions.  People react to the sanctions part, without challenging the basis, which, of course, is just utter fucking nonsense.  It's how disinformation becomes commonly accepted. 

I didn’t say it’s crashing. These things take time. I said it’s a sea change in the global financial system. One that will be obvious in retrospect.

 

It’s not disinformation, it’s an interpretation of events that you disagree with. 

 

I’ll link a good podcast explaining some of this more clearly when I get a chance to finish it. Hopefully it will help some of y’all see past your personal issues with me. 

[cactusflinthead 27627]

17 minutes ago, F250 said:

I had to look up who is Nic Carter.

 

lulz

Uh huh sure buddy

[Immaculate Vibes 114]

18 minutes ago, F250 said:

I had to look up who is Nic Carter.

 

lulz

Bama Chick is in charge of source checks. What did you disagree with in the piece?

[TexArcher 39072]

38 minutes ago, 6th Street said:

Ted Cruz should volunteer to join the front lines in Ukraine

That pussy ass Canuck wouldn't even join if they moved the front line to a resort in Cancun.

[wildcat09 29579]

1 hour ago, Longhorn_Fan68 said:

I keep reading stories about how shelters, evacuation corridors, hospitals, etc keep getting hit. I wonder how much of that is due to pure malignance, poor military training, and/or inferior weapons and systems. Not to say that Putin isn't unscrupulous enough to murder civilians by the bushel, but  I don't see how that could be his primary objective. I wonder if it's yet another example of how poorly equipped Russia actually is.

They did the same shit in Syria. It's not accidental, it's intentional.

[Grade of D as in David 13255]

42 minutes ago, 6th Street said:

Ted Cruz should volunteer to join the front lines in Ukraine

He wanted to, but his daughters and their friends wanted to go to Cancun instead.

[dingleberryswitzer 2724]

So am I understand this correctly?  Republicans are now anti Russia because they want to goad Biden into joining the war so then in 8 months the entire midterm campaigning will revolve around (probably still) high gas prices, X number of Americans have died, X billion of “your tax dollars” spent.  Is that the play here?

[Longhorn_Fan68 34106]

1 minute ago, dingleberryswitzer said:

So am I understand this correctly?  Republicans are now anti Russia because they want to goad Biden into joining the war so then in 8 months the entire midterm campaigning will revolve around (probably still) high gas prices, X number of Americans have died, X billion of “your tax dollars” spent.  Is that the play here?

but I thought you don't change presidents in wartime either?

[Bullneck 19528]

48 minutes ago, Immaculate Vibes said:

This is a pretty strong summary of the background and the likely effects of our actions. 
 

“The prospect of total asset invalidation is an unacceptable tail risk, and any nation-state wary of falling afoul of U.S. sensibilities, especially as the U.S. becomes ever more capricious and less interested in the well-being of the international sphere it used to govern, will consider diversifying out of U.S. Treasurys and other freezable assets.”

 

 

 

[F250 29201]

10 minutes ago, Immaculate Vibes said:

Bama Chick is in charge of source checks. What did you disagree with in the piece?

Instead of citing experts you are citing a crypto bro that is financially motivated by this messaging. You might as well link to an Instagram influencers picture with them holding a bottle of vitamin water that says the water has bitcoin in it.

 

[Bullneck 19528]

36 minutes ago, F250 said:

I had to look up who is Nic Carter.

 

lulz

Nic Carter is a partner at Castle Island Ventures and the cofounder of blockchain data aggregator Coinmetrics.io. Previously, he served as Fidelity Investments' first cryptoasset analyst.

[Bullneck 19528]

Just now, F250 said:

Instead of citing experts you are citing a crypto bro that is financially motivated by this messaging. You might as well link to an Instagram influencers picture with them holding a bottle of vitamin water that says the water has bitcoin in it.

 

This is too easy.  But I guess most of GRUHorn's subjects don't bother to question him.

[Judge Roybeanbag 11860]

1 hour ago, 6th Street said:

Ted Cruz should volunteer to join the front lines in Ukraine

They need beans and fatback.  Not jeans and fatfront.

[Brisketexan 106901]

12 minutes ago, F250 said:

Instead of citing experts you are citing a crypto bro that is financially motivated by this messaging. You might as well link to an Instagram influencers picture with them holding a bottle of vitamin water that says the water has bitcoin in it.

 

What I hate most is that the ridiculous scenario you made up has most certainly already happened.

[RomaVicta 30593]

1 hour ago, Longhorn_Fan68 said:

I keep reading stories about how shelters, evacuation corridors, hospitals, etc keep getting hit. I wonder how much of that is due to pure malignance, poor military training, and/or inferior weapons and systems. Not to say that Putin isn't unscrupulous enough to murder civilians by the bushel, but  I don't see how that could be his primary objective. I wonder if it's yet another example of how poorly equipped Russia actually is.

Clausewitz described military victory as a condition where the enemy's ability to enter battle, resist, or resume hostilities is destroyed. 

Sherman's march was punitive as part of total war. Kill the will to fight on. Also see German and Allied bombing campaigns of WWII.

In modern terms, it's terrorism, but we don't like to apply that word to conventional warfare because nobody wants to be called a terrorist. It's as old as war itself. It not only cows your enemy today, it also gives potential enemies pause. 

Putin's invasion goes very poorly. The muddy season has weeks to go, if I'm not mistaken. He's excersing any option no matter how extreme or brutal because he finds himself in the desperate position he hoped to put Ukraine in. Those missiles that hit government buildings and dormitories were not errant artillery shells. Even the maternity hospital bombing fits the Russian mold from Syria.

I have to think that Putin thought this would be over before anyone could do much about it. It's a tar baby that won't be easily put to bed.

[Brisketexan 106901]

Also, since this thread is the CR thread, I chuckled.....

[Judge Roybeanbag 11860]

8 minutes ago, Brisketexan said:

What I hate most is that the ridiculous scenario you made up has most certainly already happened.

I'd like to see a Venn diagram of cryptocranks, gold bugs, hydroxychloroquine and horse de-wormer proponents.  

And Fox News viewers.

[jimmyjazz 47205]

2 minutes ago, Brisketexan said:

Also, since this thread is the CR thread, I chuckled.....

The similarities are striking:

 

[Hagbard Celine 11255]

1 hour ago, Horn Dog said:

Again, you are stating the very opposite of  IVibes.   It makes absolutely no sense to say you agree with him, that the admin is shortsighted and imposing sanctions for "brownie points" whatever that means, and then say we needed to impose MORE and QUICKER sanctions to protect the US dollar.

tex48 already made known his intentions with the strawman chewbacca attack on the CR

logic is not required

libs pwned

[jimmyjazz 47205]

1 minute ago, Hagbard Celine said:

tex48 already made known his intentions with the strawman chewbacca attack on the CR

Cliff's notes?  I can't keep up.

[Pescado_Rojo 19587]

30 minutes ago, F250 said:

Instead of citing experts you are citing a crypto bro that is financially motivated by this messaging. You might as well link to an Instagram influencers picture with them holding a bottle of vitamin water that says the water has bitcoin in it.

 

Dude, everyone knows the Water Bottle is an NFT. 

[hayden_horn 11402]

what, no zerohedge?

you dudes are slipping. or getting more clever. i can't figure out which.

 

[Anastasis 23720]

I for one appreciate the pivot to “libertarians did this!”

doesn’t get more CR than that  

 

[Goredho 17656]

1 hour ago, Immaculate Vibes said:

This is a pretty strong summary of the background and the likely effects of our actions. 
 

“The prospect of total asset invalidation is an unacceptable tail risk, and any nation-state wary of falling afoul of U.S. sensibilities, especially as the U.S. becomes ever more capricious and less interested in the well-being of the international sphere it used to govern, will consider diversifying out of U.S. Treasurys and other freezable assets.”

 

 

You are a dumb cunt.  If other nation states are worried about US capriciousness and our abdication of responsibility as a world leader, its not because we are imposing financial consequences on Russia and its oligarchs for Putin's shitty Hitler impersonation in the Ukraine.  Its because your fucking orange orangoutang floated the idea of the US leaving NATO, abruptly withdrew the US from international treaties like the Paris Climate Accord, wantonly initiated a trade war with the world's second largest economy, showed acceptance and even admiration for dictators and war mongers like Putin and otherwise largely alienated the US from the western democracies that have been our allies in peace and prosperity for the last 75 years.

[RomaVicta 30593]

12 minutes ago, Hagbard Celine said:

tex48 already made known his intentions with the strawman chewbacca attack on the CR

logic is not required

libs pwned

Yep. He's angling for an attack on Biden no matter what happens. 

If Russia capitulates tomorrow, withdraws all forces, and pays restitution; Biden was too slow and ruined the dollar! He failed!

This isn't the cartoon thread, but it's apt:

Thanks to the Brakeman.

[hayden_horn 11402]

16 minutes ago, Anastasis said:

I for one appreciate the pivot to “libertarians did this!”

doesn’t get more CR than that  

 

all three sides!

[Longhorn_Fan68 34106]

 

[Immaculate Vibes 114]

9 minutes ago, Goredho said:

You are a dumb cunt.  If other nation states are worried about US capriciousness and our abdication of responsibility as a world leader, its not because we are imposing financial consequences on Russia and its oligarchs for Putin's shitty Hitler impersonation in the Ukraine.  Its because your fucking orange orangoutang floated the idea of the US leaving NATO, abruptly withdrew the US from international treaties like the Paris Climate Accord, wantonly initiated a trade war with the world's second largest economy, showed acceptance and even admiration for dictators and war mongers like Putin and otherwise largely alienated the US from the western democracies that have been our allies in peace and prosperity for the last 75 years.

Strong circle back to but Trump. I have not framed any of this in partisan terms. Some of the things you listed were mistakes by Trump, some not necessarily. 
 

Anyway, this is the last I’ll share on the financial front for a while. Here’s another signpost. 
 

 

[Anastasis 23720]

10 minutes ago, hayden_horn said:

all three sides!

And now we go to Plano. 
 

 

[hayden_horn 11402]

2 minutes ago, Anastasis said:

And now we go to Plano. 
 

 

man, that place has changed a ton since i left in 96

also, i watched the whole damn thing. that was....amazing. red dress is killing me in the background

[Longhorn_Fan68 34106]

3 minutes ago, hayden_horn said:

man, that place has changed a ton since i left in 96

really? it's exactly as I remember it

[F250 29201]

1 hour ago, jimmyjazz said:

The similarities are striking:

 

Is that the guy that kept calling Happy Gilmore a jack ass?

 

[Pescado_Rojo 19587]

38 minutes ago, hayden_horn said:

all three sides!

[Satchel 6982]

7 hours ago, cactusflinthead said:

 

You obviously haven’t tasted her biscuits. She makes the best biscuits.

[Dahobbs 18324]

54 minutes ago, hayden_horn said:

all three sides!

Anastasis was feeling left out. He had to make it about him again. 

[cactusflinthead 27627]

3 minutes ago, Satchel said:

You obviously haven’t tasted her biscuits. She makes the best biscuits.

 

[Bullneck 19528]

6 hours ago, Tex48 said:

I think you need to realize no one in the CR understands how the USD functions as a reserve currency or why this matters. I agree with everything you are saying and think you are right.  I work in crude oil trading and as soon as all of these things happened we knew there would be ramifications like this that the general public does not understand. I think this was a very short sighted move by the current admin for brownie points and we will see the ramifications for years to come. 

For the those of you who are about to neg me, your dollar is going to lose value over time as a direct result of this and you should care.  

So, from the inside you can't explain it and from the outside you can't understand it?

Go back to Texags.  

[Bullneck 19528]

3 hours ago, Tex48 said:

I think it was short sighted bc it took too much time. I'm pissed we didn't go straight for the jugular to start with and ban russian crude domestically tbh even if our allies didn't follow.  We also let the Italians and other countries cut deals with Russian commodities such as aluminum before we pushed through sanctions. We let Putin's semi-state owned enterprises make money before we pushed through sanction that actually mattered.  At the end of the day, the oligarchs and Putin still got paid and I believe we cost ourselves and focused on the wrong things. 

Link?

[cactusflinthead 27627]

 

[cactusflinthead 27627]

 

[cactusflinthead 27627]