Posted on 02/28/2022 11:27:13 AM PST by weston
🇬🇧 «People are talking about new red lines for chemical, biological, tactical nuclear weapons or whatever. For me, the red line has already been crossed. Putin is indiscriminately bombing civilian targets,» said British Prime Minister Boris Johnson.
Johnson also believes that even more efforts should be made to suppress Russia — particularly, he announced the possibility of taking measures on Russia’s gold reserves.
I couldn’t get to sleep even with melatonin, but when I finally did I slept well. Sorry you didn’t sleep well. As Scarlett O`Hara would say, tonight is another night!
That is cute.
thanks for rally lineup. lilfarmer, how are you?
I think that is pointing out the very obvious oh, that covid has now been replaced with Ukraine.
I’m looking for a DAY guillotine kit
Their gold is held in their bank.
Good Luck Sanctioning Russian Gold
Russia is working with banks in China and India to reestablish hard currency payment channels.
There’s now proposed legislation in the U.S. Senate to freeze gold reserves held by the Central Bank of Russia.
Well, here’s the problem: The gold is physical, about 2,300 metric tonnes worth about $150 billion, and is stored inside Russia. It can’t actually be frozen or seized at all.
The legislation would impose secondary boycott sanctions on any party that assists Russia in transporting or transacting in gold. But this presumed sanction would be easy to evade.
For example, if Russia puts 100 metric tonnes of gold on a plane and flies it to Beijing in exchange for manufactured goods, they’re not exactly going to issue a press release about it. That’s the kind of transaction that will go undetected by U.S. intelligence.
Gold is an element, atomic number 79, and is easily melted down and re-refined into new gold bars with Chinese markings that are untraceable. The Central Bank of Russia can buy more gold from Russian miners for rubles to make up for the shipment.
Again, that gold is untraceable (Russia and China both have numerous gold refineries). If this is the best the U.S. can do then Putin is not only on his way to winning the shooting war, but he may win the financial war as well.
Unintended Consequences
Russia has also implemented capital controls that will shift the pain of sanctions from Russian borrowers to Western lenders who will now suffer defaults on the Russian bonds they own. And Russia has announced that it will cut off exports of important chemicals, metals and processed gasses to any nation that has sanctioned Russia.
These exports are indispensable to manufacturing processes including semiconductors, automobiles and agriculture. In the end, most of the economic pain will fall on Western manufacturing and farming.
https://dailyreckoning.com/the-last-straw/
❗️”Right now, Russia doesn’t want to sit and negotiate anything: what it wants is to occupy the ground,” European Union for Foreign Affairs and Security Policy Josep Borrell said in an interview with Spanish TVE channel.
“It wants to surround the coast to the border with Moldova and isolate Ukraine from the sea. It wants to negotiate in earnest only when it has secured a position of strength.”
The European Union and its allies will keep on delivering military aid to the Ukrainian army, Borrell said. “It is important because everything will be decided in the next 15 days,” he said. “What will make history is the capacity of Ukrainians to resist.”
🇺🇸 The US is to accept 100,000 Ukrainian refugees and donate $ 1 billion to help European countries that have sheltered Ukrainians - NYT.
Thanks.
Tonight may just be the night I get some good sleep, who knows?
An extraordinary NATO summit took place in Brussels. The key points:
▫️Alliance summit adopted a statement promising to protect Ukraine from chemical and biological weapons
▫️The heads of state and government of 30 NATO countries stated that any use by Russia of chemical or biological weapons would be unacceptable and would lead to dire consequences.
▫️Alliance decided to set up four additional multinational battlegroups in Bulgaria, Hungary, Romania and Slovakia
▫️ Secaretary General Stoltenberg said that the leaders of the member countries decided to continue to have the “open door” policy of NATO for countries that want to join it
▫️Alliance does not intend to send troops to Ukraine - this is how the Secretary General answered questions about Poland’s idea of a peacekeeping mission
R.I.P. — Stephen Wilhite, the man who created the GIF, has died at age 74 pic.twitter.com/Labwdq7eo8— Breaking911 (@Breaking911) March 23, 2022
I don’t know if true, it’s being reported that a Russian ship was destroyed and two others damaged by Ukraine.
I have seen images and videos. Do you have a Telegram account?
I will find a video on youtube.
⚡️In the captured by Russian military forces port of Berdyansk, a large landing ship «Orsk of the Black Sea Fleet of the RF was destroyed, — reported by the Navy of the Armed Forces of Ukraine
BlackRock’s Larry Fink, who oversees $10 trillion, says Russia-Ukraine war is ending globalization
Larry Fink, CEO and chairman of the world’s biggest asset manager, BlackRock, said Russia’s invasion of Ukraine is reversing the long-running trend of globalization.
“I believe this has exacerbated the polarization and extremist behavior we are seeing across society today,” Fink said in his 2022 letter to shareholders.
Fink, whose firm oversees more than $10 trillion, said BlackRock has suspended the purchase of any Russian securities in its active or index portfolios.
https://www.youtube.com/watch?v=a16pY1RT8Gk
‘Russian ship packed with ammo is BLOWN UP’ in Ukrainian port as Putin’s navy flee
https://www.youtube.com/watch?v=ACXsH6x3fmg
Russian warship destroyed in occupied port of Berdyansk, says Ukraine - BBC News
The “rules-based international order” – as in “our way or the highway” – is unraveling much faster than anyone could have predicted.
The Eurasia Economic Union (EAEU) and China are starting to design a new monetary and financial system bypassing the U.S. dollar, supervised by Sergei Glazyev and intended to compete with the Bretton Woods system.
Saudi Arabia – perpetrator of bombing, famine and genocide in Yemen, weaponized by U.S., UK and EU – is advancing the coming of the petroyuan.
India – third largest importer of oil in the world – is about to sign a mega-contract to buy oil from Russia with a huge discount and using a ruble-rupee mechanism.
Riyadh’s oil exports amount to roughly $170 billion a year. China buys 17% of it, compared to 21% for Japan, 15% for the U.S., 12% for India and roughly 10% for the EU. The U.S. and its vassals – Japan, South Korea, EU – will remain within the petrodollar sphere. India, just like China, may not.
Sanction blowback is on the offense. Even a market/casino capitalism darling such as uber-nerd Credit Suisse strategist Zoltan Poznar, formerly with the NY Fed, IMF and Treasury Dept., has been forced to admit, in an analytical note: “If you think that the West can develop sanctions that will maximize the pain for Russia by minimizing the risks of financial stability and price stability for the West, then you can also trust unicorns.”
https://www.unz.com/pescobar/all-that-glitters-is-not-necessarily-russian-gold/
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