But I was told in no uncertain terms that SWIFT sanctions were no big deal!
SWIFT is different from banks/ATMs not having enough cash on hand to handle a bank run.
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I don’t get how they can be out of cash. The ATMs are out of cash, sure, but they haven’t been re-filled over the weekend, right? There is no cash in the vaults or what?
the $643bn freeze was probably a bigger nail than swift, but the consensus building was important because we are a fucking awful species.
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takes very little for banks to completely run out of cash, tehy really don’t have any on hand
khodorkovsky opined this morning that more than usual of russian central bank reserves are in gold, which noone wants inside russia right now, and no country will buy from russia. lmao. we literally have a nineteenth century monarch fighting a 21st century social media war.
Sounds like there aren’t too many of those to go around, based on what was posted above.
If this is what it takes for Putin to start a nuclear war then that was always going to happen sooner or later.
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Eh Norway is already part of NATO - and thank God for that. We’d make as juicy target with all of our natural resources and strategic geo position.
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from who though
russia couldn’t get anything that far even if they could find it on a map
https://twitter.com/daveyalba/status/1497259375123066885
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Over or under $1T for Russian gdp in 2022. It was at 1.4T.
I’d take the under.
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Damn, cancel culture has really run amok. 
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I think this sounds like deciding what is good for the West, and then hoping that it is also good for China and therefore they should do it. I agree that China has an interest in global trade, but they also have conflicting short term interests like wanting themselves to be able to bully smaller countries into accepting Chinese dominion, and the longer term interest of being the world’s sole super power. There’s a constant tension between them wanting to be involved in trade with other countries, but also very much benefiting from the diminishing influence of the US and to a lesser extent Western Europe.
China’s default is going to be to sit on the sidelines of these disputes and concede large concessions from all parties. Their interest in brokering peace to establish their international bona fides is kind of imaginary IMO. They don’t need to convince anyone of their power or influence. They can just bully other countries.
Should have bought BTC rather than gold. Could at least sell that.