Thu Mar 17, 2022, 06:50 PM

Feds protected russia and defied

Sanctions by making sure russia didnt default on its debt. In other words the fed broke sanctions to blunt the impact of sanctions imposed by Biden.. WTF!

This story needs bigger legs,MSNBC you listening?

https://www.cnn.com/2022/03/16/investing/russian-debt-payments/index.html

Suprising the amount of republicans in the fed.

https://www.govexec.com/oversight/2015/08/there-are-more-republicans-federal-government-you-might-think/119138/

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22 replies	Author	Time	Post
Feds protected russia and defied (Original post)	I_UndergroundPanther	Mar 2022	OP
The funds are frozen...	Demsrule86	Mar 2022	#1
Either way they are undermining the sanctions	I_UndergroundPanther	Mar 2022	#2
They saved who ever is getting the payments ass.	Phoenix61	Mar 2022	#10
There is a 30 day grace period which is how it works...so delete this OP as it is misleading and it	Demsrule86	Mar 2022	#12
No, no....isn't the idea of sanctions to cause discomfort? This is weasley.	Karadeniz	Mar 2022	#3
Please see my reply in a thread about this yesterday:	highplainsdem	Mar 2022	#4
I clicked your link and got lots of ads	I_UndergroundPanther	Mar 2022	#7
The tweet I linked to, like the second paragraph of the article,	highplainsdem	Mar 2022	#14
This again?	revmclaren	Mar 2022	#5
Do you imagine that a decision this significant was made without Yellin's approval?	brooklynite	Mar 2022	#6
I dont know	I_UndergroundPanther	Mar 2022	#8
There's a 30 day grace period then the default occurs.	mobeau69	Mar 2022	#9
Ok.	I_UndergroundPanther	Mar 2022	#11
It's just the way it is. They're still fucked.	mobeau69	Mar 2022	#13
Good	I_UndergroundPanther	Mar 2022	#16
That doesn't make sense.	Demsrule86	Mar 2022	#15
They had some dollars, at least 117 million, they sent to the bank.	mobeau69	Mar 2022	#20
How do you account for one line in the article?	Igel	Mar 2022	#18
The payment will bounce.	Demsrule86	Mar 2022	#19
A Default Could lead to a world wide monetary collapse.	Jacson6	Mar 2022	#17
The Magnitzky Act (oligarch sanctions) passed in 2012 under Obama	FakeNoose	Mar 2022	#21
Thanks	I_UndergroundPanther	Mar 2022	#22

Response to I_UndergroundPanther (Original post)

Thu Mar 17, 2022, 06:52 PM

Demsrule86 (65,341 posts)

1. The funds are frozen...

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Response to Demsrule86 (Reply #1)

Thu Mar 17, 2022, 06:56 PM

I_UndergroundPanther (11,461 posts)

2. Either way they are undermining the sanctions

They should have been allowed to default. That is one result sanctions have and they saved russias ass.

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Response to I_UndergroundPanther (Reply #2)

Thu Mar 17, 2022, 07:08 PM

Phoenix61 (14,820 posts)

10. They saved who ever is getting the payments ass.

I have no problem with some foreign debts getting paid. Heck, pay them in full and empty the account. The only pain Russia would feel from defaulting is the loss of future investments which won’t happen with the sanctions in places. When/if they are lifted I’m not sure who would want to invest in Russia with Putin in charge. Their economy is toast for decades.

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Response to I_UndergroundPanther (Reply #2)

Thu Mar 17, 2022, 07:12 PM

Demsrule86 (65,341 posts)

12. There is a 30 day grace period which is how it works...so delete this OP as it is misleading and it

was paid with frozen assets thus the clock is ticking...

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Response to I_UndergroundPanther (Original post)

Thu Mar 17, 2022, 06:58 PM

Karadeniz (18,290 posts)

3. No, no....isn't the idea of sanctions to cause discomfort? This is weasley.

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Response to I_UndergroundPanther (Original post)

Thu Mar 17, 2022, 06:59 PM

highplainsdem (42,058 posts)

4. Please see my reply in a thread about this yesterday:

https://democraticunderground.com/?com=view_post&forum=1002&pid=16492737

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Response to highplainsdem (Reply #4)

Thu Mar 17, 2022, 07:06 PM

I_UndergroundPanther (11,461 posts)

7. I clicked your link and got lots of ads

Asking for a subscrption

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Response to I_UndergroundPanther (Reply #7)

Thu Mar 17, 2022, 07:13 PM

highplainsdem (42,058 posts)

14. The tweet I linked to, like the second paragraph of the article,

explains that this drains more of Russia's scarce foreign exchange reserves.

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Response to I_UndergroundPanther (Original post)

Thu Mar 17, 2022, 07:02 PM

revmclaren (1,946 posts)

5. This again?

See highplainsdem post 4 and link.

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Response to I_UndergroundPanther (Original post)

Thu Mar 17, 2022, 07:05 PM

brooklynite (84,361 posts)

6. Do you imagine that a decision this significant was made without Yellin's approval?

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Response to brooklynite (Reply #6)

Thu Mar 17, 2022, 07:07 PM

I_UndergroundPanther (11,461 posts)

8. I dont know

Either way the feds have a shitload of republicans in it and I dont trust any republicans.

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Response to I_UndergroundPanther (Original post)

Thu Mar 17, 2022, 07:08 PM

mobeau69 (9,615 posts)

9. There's a 30 day grace period then the default occurs.

Nothing to get freaked out about. Default is just a matter of time. April 15th I believe.

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Response to mobeau69 (Reply #9)

Thu Mar 17, 2022, 07:09 PM

I_UndergroundPanther (11,461 posts)

11. Ok.

But if that money is unfrozen at any time during this war.. still frozen can be worked around,hello..china?

Either way this bothers me.

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Response to I_UndergroundPanther (Reply #11)

Thu Mar 17, 2022, 07:13 PM

mobeau69 (9,615 posts)

13. It's just the way it is. They're still fucked.

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Response to mobeau69 (Reply #13)

Thu Mar 17, 2022, 07:14 PM

I_UndergroundPanther (11,461 posts)

16. Good

If the brutal war against Ukraine is still going on by april 15th..

Dont let them pay thier debts period.

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Response to I_UndergroundPanther (Reply #11)

Thu Mar 17, 2022, 07:13 PM

Demsrule86 (65,341 posts)

15. That doesn't make sense.

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Response to Demsrule86 (Reply #15)

Thu Mar 17, 2022, 07:34 PM

mobeau69 (9,615 posts)

20. They had some dollars, at least 117 million, they sent to the bank.

https://www.cnbc.com/amp/2022/03/17/russia-claims-to-have-ordered-payment-as-it-seeks-to-avoid-historic-debt-default.html

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Response to mobeau69 (Reply #9)

Thu Mar 17, 2022, 07:29 PM

Igel (33,286 posts)

18. How do you account for one line in the article?

"A spokesman for the Treasury said the United States would allow the payments to go through."

If the account's frozen, then the payment very much would *not* to through.

Who makes sure the account's frozen?

The Treasury.

No default is my guess.

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Response to Igel (Reply #18)

Thu Mar 17, 2022, 07:30 PM

Demsrule86 (65,341 posts)

19. The payment will bounce.

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Response to I_UndergroundPanther (Original post)

Thu Mar 17, 2022, 07:22 PM

Jacson6 (167 posts)

17. A Default Could lead to a world wide monetary collapse.

All of the nations of the world are tied together by bonds and international banking.

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Response to I_UndergroundPanther (Original post)

Thu Mar 17, 2022, 07:52 PM

FakeNoose (27,544 posts)

21. The Magnitzky Act (oligarch sanctions) passed in 2012 under Obama

As soon as Chump came into office, he removed those sanctions or at least some of them. Am I right? If the Magnitzky sanctions had stayed in effect all this time, I don't think the Federal Reserve would have been involved.

It was Chump coming in and removing the sanctions that set this in motion. I'm not an expert and I could be wrong. If I am, somebody please let me know and I'll delete this.

I learned about the US involvement with the Magnitzky Act from Bill Browder's book "Red Menace." Highly recommended if you want to learn how Russia turned to the dark side in the early/mid-90's.

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Response to FakeNoose (Reply #21)

Thu Mar 17, 2022, 07:57 PM

I_UndergroundPanther (11,461 posts)

22. Thanks

Figures this bullshit has trumps greasy kfc encrusted with hamberder juice drpping off them slimy diaper scented fingerprints on this.

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