"Special banking operation" had me in tears 😂

@donnicholson3170

27 күн бұрын

Me too! 😅😂

@billy2807

27 күн бұрын

Damn! I came here to say this. haha

@saparotrob7888

27 күн бұрын

@@billy2807 Ditto.

@Gaetano.94

27 күн бұрын

No it didn't.

@jaypaige7550

27 күн бұрын

@@Gaetano.94 😭

"Special Banking Operation" had me laughing so loud that I startled my dog

@MasDingos

26 күн бұрын

Similar thing happened to me. But was my dog shocked because she had already realized that the geopolitical vagaries of such seizures would erode confidence in the USD as global exchange currency (or worse, necessitate questioning the very need for such financial hegemony considering the current realities of deglobalization); or just because of my spit-take at 'Special Banking Operation'.

@itheuserfirst3186

25 күн бұрын

@@MasDingos Sure. The U.S. dollar isn't going anywhere. The Ruble on the other hand. 😁

@user-tk1ti1wx8e

25 күн бұрын

It's all about your country's Federal reserve banks

@aaronlopez717

24 күн бұрын

Banking / IMF And black rock corporations . money of a few institutions . !

Holy fuck Special Banking Operation would be such a funny way to describe it, especially if the US called it that too

@havanasyndrome3024

14 күн бұрын

You can stop laughing now 🤡. There are $288 billion of American assets in Russia. Putin signed a decree today saying if any of the Russian money gets sized they'll simply seize American assets in retaliarion. FJB got outwitted again. Gotta feeling AmeriKKKunt's special banking operation will turn out to be a complete failure.

@efghggdxlmfn33

6 күн бұрын

Holly shit! You fucked up again! Cry more: Russia has more than 300bln western assets. The outflow capital from Europe is only accelerating. India's central bank has moved around 100 tonnes of gold from the UK back to its vaults in India and intends to move more in the coming months. 100 tons of gold is almost 1/4 of India's foreign reserves of the precious metal at the end of March. Discussions by Western countries about the possibility of confiscating Russian assets are beginning to backfire.

We have a saying in Spain: "100 years of forgiveness for the thief who steals from another thief"

@IconoclastX

27 күн бұрын

What western country did russia steal from?

@sanelemngadi9324

27 күн бұрын

Please elaborate on what this means

@Destroyer_V0

27 күн бұрын

@@sanelemngadi9324 It prolly means exactly what it sounds like. That a thief who steals from another thief is better liked, because no one likes the first thief who stole your stuff. But everyone likes when that first guy gets his comeupance. The whole fable of robin hood is kind of like this in a nutshell. If you view rich nobles as the first thief.

@arvintyree1109

27 күн бұрын

​@@Destroyer_V0 the first link is the king who commands the nobles to pay taxes, the second is the nobles who persuade (or intimidate) the commoners for coins. The third link is the commoners own fear and ignorance for handing over their daily fortunes. That's what makes the theif so both infamous and beloved, the thief is the "unlinked link" (zorro is my favorite with Robin hood second)

@YapsiePresents

27 күн бұрын

Spain already forgave the USA then for 1898

I had been calling it a seizure, but Special Banking Operation is way funnier

@edwardwongiii2229

27 күн бұрын

Just wait until BRICS+ does a Special Operation on the Western Financial System in the near future. I bet the West won't be laughing.

@Yezpahr

27 күн бұрын

**In Clancy Brown's voice** Epilogue: In a world where you don't run from the law but the law runs from you... Their weapon: an angry e-mail. ...The only justice made is with rising interest rates and giving no quarter or dime... Their enforcer: a glassed suit with accompanying suitcase. ...Ready to make you sign over the literal skin on your back... Special. (Dolby fx) Banking. (Dolby woosh) Operation. (Tripod sound a la War of the Worlds)

@nuke_Godjira

27 күн бұрын

Ukraine will never gonna get that aid😂

@vikavikavika123

27 күн бұрын

@@nuke_Godjirayou wish, bot

@1mol831

27 күн бұрын

It would damage US dollar globally. Though it has plenty of global reputation to be damaged until the damage surfaces.

Probably worth mentioning that if Ukraine gets the full $300B and uses it to buy Western weapons (where they would otherwise receive the same weapons as donations), it's essentially a transfer to the West.

@evananderson1455

27 күн бұрын

You're not wrong. I offer a counterpoint tho, there are more than a few Americans who are suggesting we stop sending aid altogether, regardless of whether it's a "donation" or something more like lend/lease.. If American support disappears for whatever reason over the next year, that 300B could be the difference between becoming Orcs or staying Ukrainian. Edit: Amazing pfp, btw. I salute you o7 lol

@viewer-of-content

27 күн бұрын

I'm pretty sure Ukraine is getting more money if they get Russian assets. Russia has done up to a Trillion dollars in asset destruction,(not gdp loss, but asset evaluation,) in Ukraine. And the USA and Europe are probably not going to donate a full trillion dollars of replacement.

@Red-Check-Mark

27 күн бұрын

​@evananderson1455 😂😂😂Ukraine has received close to that amount even know and they are STILL losing and falling back. Ukraine already speaks Russian as their dominant language, so they will enjoy being Russian. By force if needed.

@joelewis1776

27 күн бұрын

@@Red-Check-MarkThanks bot

@graham1034

27 күн бұрын

@@evananderson1455 For sure. Alternatively Ukraine may still receive the same amount of donations in addition to the $300B and be far more able to defeat Russia. My point is mostly that there is some financial incentive for The West to give the money to Ukraine.

“Get excited because it’s time for lines on maps” Physically starts wiggling with glee

And now the question: You have money from other countries stored in your country, you have confiscated the money of one side, what will the rest do? Correctly, they will start withdrawing their money, what if you consider them not democratic enough and try to steal money from them?

@andrew_decor

27 күн бұрын

Этот процесс не остановить. Репутация доллара падает. Брикс не на пустом месте вырос

@Brent-jj6qi

27 күн бұрын

@@andrew_decorbrics is a meme, china and India can’t get along

@Grand-Rose

27 күн бұрын

But again we do not know the line between "reluctant leavers" and "reluctant stayers". They COULD withdraw. But where would they put it? What is so stable? Not the Yuan for now.....else China would have it's OWN reserve currency.

@SP-pr7gq

27 күн бұрын

Those countries will not invade neighboring countries so they don’t have to worry about it. It is very simple.

@tsugumorihoney2288

27 күн бұрын

@@SP-pr7gq hm why then so called "civilized" countries can invade and bomb other countries and other who are not "civilized" can't?

I’ve said this before but in my opinion at this point the best course of action is to give me the assets.

@nicholasgutierrez9940

27 күн бұрын

Based

@casbot71

27 күн бұрын

And then stay out of buildings that have windows that can open on upper floors....

@john-carl2054

27 күн бұрын

@@casbot71 I’m a ground floor kind of guy myself.

@jakehandley3366

26 күн бұрын

share?

@impulsiveDecider

26 күн бұрын

​@@jakehandley3366we should do a three way split

9:15 "Without any clear benefit to anyone." The bloodsucking lawyers--- "Are we invisible to you?"

@phineascampbell3103

27 күн бұрын

Well, they don't show up in mirrors, do they...?!

@alapaticornell4391

27 күн бұрын

Stop invading other country or u will get what's coming to you.😢

@t5ruxlee210

27 күн бұрын

"Seizure" vs "Confiscation" somewhat implies that "a future peace oriented", fully democratic, successor Russian regime, will have a very strong legal claim to be compensated in full over time.

@justincronkright5025

26 күн бұрын

@@t5ruxlee210 If it went to Ukraine's infrastructure & repatriation, etc. efforts, then I doubt it would be in full - since it would be used as principle in rebuilding efforts & so on. Same idea as paying it from elsewhere, but cuts out a step.

@MSDGroup-ez6zk

26 күн бұрын

So stealing people money is OK for the western?

Such a huge fan of your videos. So well put together and in depth. I wish you’d been one of my collegiate professors

Congrats on publishing!!

Belgian here, we're supposedly using the interests gained on the money parked here to fund aid to Ukraine.

@cynthiaherbst3909

27 күн бұрын

I can see that being a good means of having a continuous stream of funds instead of all spent in one go, and then the bullk of it can be used for post war rebuild and humanitarian aid.

@chrystya

27 күн бұрын

It won’t do anything to the financial system. Investors will be glad to put their money where the country does not tolerate scammers and grifters.

@danidurity8701

27 күн бұрын

And taken away when you dont go along with some policy.

@jadams3427

27 күн бұрын

Belgian finances are always a mess, but don't worry... I bet the City of London and the Caiman Islands are in it with you.

@maximebegin1454

27 күн бұрын

Nice... Slava Ukraini!

Good discussion , however, Russia sees this fight as an existential fight… 300 billion isn’t a leverage point

@velisvideos6208

27 күн бұрын

Correct. The war will be decided on the battlefield.

@yosefyonin6824

27 күн бұрын

they could just withdrwa from ukraine and the fight will be over. but i guess it's about Putin's existence as russia's supreme leader

@lalzgarra9493

27 күн бұрын

​@@yosefyonin6824aww darling, ukraine will attack russia, so russia is not going to get back

@mikecamacho1934

27 күн бұрын

No it's not about Russias existence. It's about the current leadership in Russia. Unfortunately, the Russian people have no concept of taking control of their own government.

@vincentseng

27 күн бұрын

@@yosefyonin6824 They literally said that NATO not following their agreement and keep expanding to Russia's border. Remember when Russia want to join NATO but get refused? Yes NATO been making Russia enemy ever since Putin still a newbie president who want to join the west at the time. Imagine if Putin joined NATO then Putin will be need to be more "Democratic" to play with NATO guidebook. The West can't see anything past 5 years in the future for their strategic plan-action.

Imagine your trusted bank changing the rules and taking your money; looking at you Canada. The affect this would have international commerce would last for generations. Any penalty levied against Russia must come from a legal or governing body that is more broadly representative of the world. Not just the US House of Representatives.

@technokicksyourass

27 күн бұрын

Like the UN? Hilarious! They can't even declare a pandemic when people all over the globe are dropping like flies... because it might offend China... LOL!

@andresfelipeod6819

26 күн бұрын

you nailed it. I really do not understand why people are so Dumb to celebrate that action, The lost of Confidence , in a Fiat-currency system , is Fatal to the EuroClear. only Chinese and another Asian countries like petrogulf monarchs, could celebrate this decision, because they have their own banks, and will take good from this stupid European decision. the real frustratin thing is the ignorance of the people watching them celebrating with the comments, and this people are from European countries!!!! they will become the victims of that stupid decision.

@kubauhlir1730

26 күн бұрын

As the Ruskies did when seizing western assets? 🤡

@chrisbeer5685

26 күн бұрын

Right, let's bring it in front of UN security council. Wait, who are the 5 veto powers again?

Congrats for your publication!

I don’t know how many people remember, but Russia has already seized Western assets- the Western built and financed airframes used by Russian airline operators.

@mitchyoung93

27 күн бұрын

No the western entities refuse to accept payments and honor contracts.

@JoeSmith-sl9bq

27 күн бұрын

Fair

@PatagoniaAries

27 күн бұрын

Yeah I don't care if they did, I care about the fact this will wreck the dollar as the world's currency and force a collapse

@christosswc

27 күн бұрын

That was a Russian response to the West freezing their assets and illegally sanctioning them and they continue to respond to any new actions taken against them.

@PatagoniaAries

27 күн бұрын

Actually, do it, if more countries see what America does they'll ditch the dollar faster

“Special banking operations” 😂

@andresfelipeod6819

26 күн бұрын

People who do not understand that a Bank Stealing money from their Costumers, is a Bank that loose credibility, if they do not understand this basic concept of the economy, those people is Dumb, Stealing this assets is Fatal to Europe, could be a Problem for Russia, but is Lethal for the European Bank system in general.

@andrew_koala2974

26 күн бұрын

A man standing before a Judge in COURT: JUDGE : You are charged with armed robbery of a BANK - DEFENDANT: no YOUR HONOR - it was a special banking operation and there is legal precedence that it is allowed by law.

Heck yes! Congratulations on being included among peers in a journal; always good stuff!

Fantastic explanation of expectations versus reality of asset seizure.

I hope you googled Russia's national external debt - they will simply call it paid which will be a net 0

@hansj.hobein5762

27 күн бұрын

Russia never had any dept since the fall of the USSR

@christophermurphy4511

27 күн бұрын

@@hansj.hobein5762 It's not a department, it's a debt.

@eudaenomic

27 күн бұрын

Assuming Russia did not invest in Treasury bonds. My German ex wife's family invested in us stocks and Treasury bonds.

@jilbertb

27 күн бұрын

Well, they NEVER PAID BACK THEIR LEND LEASE FROM WW2, so we're even now.

@blakebrown534

27 күн бұрын

Good luck ever banking again for Russia.

One point not mentioned in the analysis: the threat of seizing the money may have either 1) already been internalized by russia, or 2) may have been given odds so low by Russia as to not be an effective threat anymore. In the first case, Russia would have already written off the funds as lost, or as an acceptable cost for the war, at which point they no longer represent bargaining power. In the second case, Russia was essentially calling our bluff, only to learn now that we’re following through on the threat. These situations correspond to Russia putting a near 100% or near 0% probability on our threat to seize, respectively. In either case, it’s effectiveness as leverage is far outweighed by the resource’s value. We can’t know if these possibilities are actually at play here. But we might be able to learn if the 0% case is at play if Russia responds by internalizing the revealed information that the threat is genuine, and then attempting to bargain to stop the follow through.

@ala-th3ln

27 күн бұрын

If the West seizes all money of states they don't like, nobody will keep their money in the Western banks. The West will lose much more than 300B if they seize these funds.

@nathanfausti9213

27 күн бұрын

I’d also like to point out that if the “one time cost” pays for 300Bn of military support, it ends up being a “recurring cost” as those weapons will continue destroying Russia’s economy and remove the need for the politicians of every western ally to politically defend spending their own billions on Ukraine aid. 300Bn would effectively end the war, with Russia on the losing end, and most of that money would end up in the hands of the countries who would produce the most arms and munitions for Ukraine. Win-win-win for Ukraine and the west. No Fing clue why this hasn’t been done already.

@effexon

27 күн бұрын

@@nathanfausti9213 I suspect more likely west just pockets it and continues aid from old stocks and says "we helped ukraine". US has done it like this so far. some theory even suggests this was plan all along as fiat currencies suck and loose value anyway, with other fiat papers backing loans.

@nathanfausti9213

27 күн бұрын

⁠@@effexon That IS a major concern. I think the current US administration is waiting for the likely full control of congress after the next election so that they can disburse the funds for legitimate reasons without having to fight the republicans trying to line their owners’ pockets. 🤷

@m4rkscott

27 күн бұрын

Does anybody know the value of the assets that western businesses had to leave behind in Russia at the start of this war including structures investment and hardware and if Russia adopted these or if Russia is considering reimbursing these companies. Russia will have to wave goodbye to these assets just like the west has to its assets and investments in Russia.

Yes, Lines on maps!👍 Great video William. I enjoy it every time

William a very good video demonstrating the ebb and flow of Sequestrated Cash as well as the dangers associated with it. Thank You. Congratulations on your Peer Review.

Sieze US assests all over the world to provide assitance to Iraq to adress damage resulting from the unlawful invasion by the US ? I mean we can use this logic in many cases i don't think world economy works that way but we will see.

@Taskarnin

27 күн бұрын

Considering the US never tried to claim the territory you’re either a moron or a Russian troll. Secondly, the world owes the US for the current era of stability. They all blame the US when we don’t act and then blame us when we do, so no wonder we don’t care what anyone else thinks.

@catadoxas

27 күн бұрын

china might use the legal precedent and seize all US factories next time the US illegally invades... and we all know that happoens at max every 3 years

@dominuslogik484

27 күн бұрын

Guess who controls the global economy though numbnuts

@UGNAvalon

27 күн бұрын

Why do you think the US gov doesn’t want to allow private citizens to sue Saudi Arabia for 9/11? Or why it never signed onto the ICC? 🙃 But to answer your question more directly: Geopolitics is all about enforceability. The world could try to seize US assets, but then they’d have to deal with an angry US, and nobody wants to bother with that (unless the US somehow makes a ton of enemies, in which case hoo~ boy~).

@ary2407

26 күн бұрын

​@@UGNAvalon they already had lot enemy . Just didnt act or cant act yet

It's not just the amount of treasuries china holds but their duration. China was I believe already moved mostly into short term treasuries and thus are rolling them over relatively rapidly. Which means they can get out or reduce their position relatively rapidly. So to get accurate sense you have to know both total and distribution of durations.

@JohnSmall314

26 күн бұрын

Ah, now that is interesting. I thought China was mostly moving out of US Treasuries and into gold because it expects to be shut out of the global finance system when it invades Taiwan.

@gregoryturk1275

26 күн бұрын

Or it could be WW3💀💀💀

Congrats on your publication! I definitely appreciate your academic expertise in your videos so I'm glad your videos gave back a little to your academic side as well.

Great examination of potential uses and costs! Complex gamble!

It’s all about the money, honey.

@lennyjung1290

27 күн бұрын

Yes. It’s always been about the money. The US doesn’t have to use use any military muscle to invade or fund revolution in foreign countries to allow American corporations to extract wealth from foreign lands; now they can just steal foreign assets held in their country. This 300 billion Russia assets in the west, was deliberately left in the west for this purpose so that the third world can see that the west can seize any country’s assets, if they do not follow western interests. It is in fact a cheap amount of money for Russia to “spend “ to snowball dedollarization. This is why BRICS+ will become more important in future decades, especially if they introduce a digital currency. As well, Russia and China have shown that it is possible, in a multipolar world to survive US sanctions with their support. It is evident now, that as more African nations throw the yoke of western exploitation, by ousting pro-western governments through coups, they can rely on the support of Russia/China for military security and economic development. The 300 billion is a poison pawn gambit left by Putin for this purpose. He could have repatriated the funds prior to invasion but did not. As well, the assumptions in the video are that Ukraine has a chance of winning this war against Russia; there was never a chance without NATO committing troops on the ground and more powerful weapons. Ukraine will simply run out of manpower in a war of attrition, and these limited weapons will not tip the balance of war. Most of the Russian casualties in the early part of the war were irregulars, conscripts from prisons, using old military Soviet era equipment. They did not even commit their full armed forces. The Russians have also held back their full arsenal which they might deploy in the event of NATO direct intervention.

@deker0954

27 күн бұрын

American aid is book value of replacement of mothballed equipment sent to Ukraine. Not worth the storage cost.

@andresfelipeod6819

26 күн бұрын

all this war, was only about Money, never was about freedom or democracy, or the Usual Lies, United States invented since Vietnam, it always had been about using War as an Scheeme of making money.

The "one-time cost" argument only works if the alternative is threatening seizure at the final negotiating table. A one-time cost that (your opponent believes) you'd never be willing to use has no coercive power in the first place. Of course there are other important arguments about the global consequences of seizure but looking solely at the Ukraine War, it's a tradeoff between the coercive power of the contingent $300bn seizure at the final bargaining table, and the change in the expected military outcome from giving Ukraine $300bn.

@joek600

26 күн бұрын

The point is that everybody knows that Ukraine would only get a small fraction of that money and the global economic consequences would shake the world, as all investments in the West by Asian and African governments would be considered extremely risky. That would be also the end of the petrodollar and the infinite ability of the US to print money. Then those 300 Russian billion would not be enough to fix the kitchen sink.

@Short_Clips44

26 күн бұрын

@@joek600 u r genius thx!

@TimVoktwo

26 күн бұрын

I think one important issue to ask is, does Russia needs the $300 billion to finance their economy? If they need it, it could be a leverage. At this time, it seems that they don't need it. They are self sufficient. Lavrov and Putin said that. The argument that the money could be use to buy weapons is not a reality. The first thing that will happen is Ukraine's debts have to paid first. Lawsuits will be flying like fireworks to make it happen. The other concern is Russia will file lawsuits in every court to stop the release of the money. It will get stuck in limbo for a few years while Russia is annihilating the Ukrainian soldiers and turning Ukraine into a wasteland not worth salvaging when the dust settled. In the mean time the world financial system will be tearing apart because the US gave countries a clear justification not to use dollars in international transactions, and not to invest in dollars. These politicians have to be fired. They have no common sense. My hyperbolic hypothesis. Just saying.

@murimurimrui

25 күн бұрын

@@joek600 LOL, that's too big brain for the normies.

@angies.7689

25 күн бұрын

What final negotiating table? You mean the one in fantasyland where Putin’s word is worth anything? (Kind of like the ruble)

Outstanding - you seem to be in good form! We even have the after book plug joke back in. Additional bonus points for the jokes about special banking operation and more. Oh - and I thought the analysis was great too.

Stellar work and presentation ❤❤❤❤

I like the "special banking operation", it sounds somewhat familiar.

The book segway is getting smoother every video Neat.

@Tannhauser62

27 күн бұрын

Segue, baby. Segway is the two-sheeled thingie. 🙂

@pamparumthewarrior5470

26 күн бұрын

bro,why u have same avatar pic?

Great analysis! Thank you!

Thank you for makeing these informational videos

Congrats on your publication 🎉

I believe the lawyers have already given their opinion on this 'legal theft'. Two things of note. The interest earned on those assets has the same legal status as the assets themselves. It is therefore useless to try separate the treatment of the two. Then there is the threat of Russia seizing western assets in retaliation. This will not be restricted to assets within Russian borders. What you will end up with is a very unstable economic position for all. There have already been examples of what happens when European countries have tried to seize Iran's assets. Economic piracy is not beneficial to the West, better tread carefully.

@itheuserfirst3186

26 күн бұрын

Nah, the West is good at generating capital. Russia, without oil, not so much. So, if it becomes a game of chicken, then the easy choice is to seize the assets and fund Ukraine. Russia's response will not matter. Ukraine will be funded indefinitely, and Russia will be that much pooerer.

@yyyy-uv3po

26 күн бұрын

But Russia has already seized many Western assets (airplanes, companies sold for a ridiculous price, etc). They could easily justify a seizure corresponding to the equivalent as "reparation". In fact, I'm surprised of the lack of reaction about Russia's robbery.

@dacorum8053

26 күн бұрын

@@yyyy-uv3po The companies who sold their subsidiaries in Russia for a fraction of their value didn't do so because Russia made them do so but because of western sanctions on Russia forced western companies to cease trading with them and the companies concerned should be seeking compensation from western governments for their losses. Russia meanwhile now owns the companies and the factories they set up in Russia and is keeping the profits for themselves. it is a win-win situation for Russia, thanks to the West helping them so much by imposing sanctions. I suspect the Russian leadership is having a good laugh at how western sanctions have backfired on the west and has made Russia richer and also far more self sufficient

@joek600

26 күн бұрын

⁠@@yyyy-uv3poThe one euro/dollar sale of Western companies in Russia were a result of PR on the part of those companies who were facing public shaming (led by specific Ukrainian websites) for doing business in Russia. The ‘’sale’’ was not an act of seizure as you think but more like a wink of the eye of the Russian State towards those companies, ensuring them that the ‘’sale’’ could be reversed if they were to return and do business. Off course as the war progresses and the relations are becoming more and more tensed, that silent agreement under the table might not stand.

@Ryuker16

26 күн бұрын

​@@dacorum8053 It's a opposite. You kneecap any future foreign investment for decades. It's short term gain to seize some fast good joints but lose ALL potential western fast food joint investment for decades. Even if sanctions dropped, few investors will trust the russian government. Ask Iran, Cuba, North Korea, etc. how it worked out

Thsnk you William. Much appreciated

Your channel is fantastic. Thanks.

Either way $300+ billion dollars is A LOT of money, it's at least a few years worth of support and it'll go a long way in this war, it'll also allow other countries that are currently donating a lot to focus more on building up their own stock again.

@seanmorgan8128

26 күн бұрын

Money can't buy man power

@epicmonkey6124

26 күн бұрын

@@seanmorgan8128 that's true, but it can buy a lot of drones and ammunition

Congrats on the peer review publication. This sounds like a wonderful tool. Keep up the good work.

Thank you for ensuring widest possible access to peer reviewed data.

Thabk You William ❤

"Special banking operation" 100% has to be the official name for it, whether you're for or against.

The thing is the roadblock is actually not the Russians or their response, but the downstream implications. Take at the look at the list of the largest sovereign wealth funds in the world. Notice what countries are on in the top? Saudi Arabia, China, Kuwait, UAE all sitting on trillions of dollars, all with shady human rights record. If Europe decides that a war in which they are not part of is enough of a justification to seize assets, then suddenly all of those countries' wealth is liable to be seized. (Saudi Arabia, Kuwait, UAE literally invaded Yemen, China and Taiwan). There could be a chilling effect in which those countries might decide to deprioritize Europe relative to the rest of the world. Why does that matter and why are the Americans less afraid of it? Well Europe has been struggling for a long time of their capital markets being second fiddle to the US capital markets. Companies large and small are ditching European exchanges to go to America, start-ups are decamping to the US because it is easier to get funding, etc. If the Saudis, Chinese, Kuwait and UAE governments of the world decide Europe is not even worth to hedge against US political risk, then Europe is permanently dooming it own capital markets.

@destroyerkuroshiokai

27 күн бұрын

You share my concern. This action could have the unfortunate effect that it props up something like BRICS or another competitor to the US hegemony.

@Brent-jj6qi

27 күн бұрын

@@destroyerkuroshiokaiBRICS is a meme, there is no actual competition

@kingace6186

27 күн бұрын

Dude. This is literally just doom mongering. Europe will do just fine. And if China invades Taiwan, nah shit this will happen to them to. This not new information for any country. Also, you are incorrect. The biggest wealth fund in the world is Norway. You don't see Norway shaking. Why? Because Norway doesn't abuse the rules of the Global Financial System. A financial system without enforced rules is a system investors fear.

@piotrberman6363

27 күн бұрын

The reaction of Gulf countries quickly followed the asset freeze, namely, they do not cooperate with other sanctions, or evade cooperation. UAE became an important intermediary for Russia, KSA became a major customer for oil products. OPEC+ cooperation seems to tighten. It does not help that they were routinely vilified in Congress, so the perspective of asset freeze for them was not absurd. The question is if that was one-time cost, so seizure makes no further difference, or not. I think it increases the risk of a breach between the West and the Gulf resembling 1970-ties, the Western role in Gaza is deeply unpopular there, the implicit threat of asset seizure may convince the elite to follow the popular opinion.

@AbcDino843

27 күн бұрын

@@Brent-jj6qi That's the thinking that brought us where we are today.

Good point

Thank you William for giving me the opportunity to watch your videos.

Sounds like this is the same as with small nuclear weapons, they're strongest when they are not used, but have a potential of being used

The morally correct choice is obvious and I'm amazed this still a debate.

@KanuckStreams

25 күн бұрын

It is still a debate, sadly, because there are people who think morals are what happen to other people.

@teaser6089

25 күн бұрын

That might be true, however the morally correct choice might not be the correct strategic choice.

@gst508

25 күн бұрын

Morally and strategically correct. At this point giving Ukraine 300 billion to buy arms would devestate Russia militarily. The world's grey area actors will still keep their money in the west because western institutions still add value in ways the alternatives do not. China is already heavily incentivized to provide alternative banking structures. If they could, they would, but they are in no place to do so right now.

Great stuff

My favorite part was where smart man shows lines on maps! Just kidding, interesting points and a lot to ruminate on. Keep up the good work sir!

I almost had a seizure hearing that word so often, so I will refer to it as a 'special banking operation' from now on. That option sounds the best to me.

I prefer ethics and virtuous international laws to lines on maps.

Brilliant William

It's not Theft, it's a Special Banking Operation! 😂

They break it, they pay it.

@mc-lb9dk

27 күн бұрын

US broke it and stole it

@Tantric1

27 күн бұрын

What about American governments pay Vietnam, Afghanistan, Iraq, Syria and many other countries. They owe trillions of dollars. Warmongering Hegemony

@tony001212

27 күн бұрын

that's a ridiculous and short sighted take...what if they say " they took our 300 billion " now we'll break the equivalent to 900 billion and confiscate their assets as well, not funny, isn't it? but I doubt they are stupid enough to do that, posible consequences of duing this will be that the world will lose confidense in our financial system, hence the united state will become poorer as the world realize they don't need to use our fiat money.

@AlmightyXI

27 күн бұрын

This is some pretty short-sighted logic. Edit: Didnt check the name, bad bot...

@Xazamas

27 күн бұрын

This should've been the government response when a train carrying chemicals derailed and contaminated an entire town. The problem is that you could feasibly have a decade-long court battle over the exact amount of money that the railway company should pay for each plot of land.

Genius as always!

Thats not going to give other nations a reason to join BRICS at all

@nuggets1833

27 күн бұрын

BRICS is one giant meme

@r.m2072

27 күн бұрын

@@nuggets1833 its actually a pretty big club, and you aint in it

@suicidalbanananana

27 күн бұрын

@@r.m2072 Some day soon you will realize its a club of countries taking the piss on Russia, go look up how much Russia has invested vs the rest of them, go look at their plans, go get some actual info about BRICS, it's actually comedy gold, some "partners" of Russia (nope) literally bleeding it dry while Russia cheers to you indoctrinated lot about forming a new currency that no other countries have any interest in trading 🤣 Its like monopoly money but Russia gives it value and the rest of BRICS are laughing their ass off trading it back to their local currency, economic warfare right under your noses but you're too busy cheering to realize 🤷‍♂

@konfigjunior1855

26 күн бұрын

​@@r.m2072 thank god

This money has already been written off by Russia and figured into financial analysts models. Seizing it will, however, provide a strong incentive for any entity not entirely 'pure' according to the EUs alleged 'values' to park its money elsewhere. Hello BRICs

@jaypaige7550

27 күн бұрын

that's not true, putin is crying already about the money.

@Merces69

27 күн бұрын

@@jaypaige7550 in what? NAFO stick rub fest?

@DISASTERJOE

27 күн бұрын

@@jaypaige7550 wrong

@0Coolrl0

27 күн бұрын

Yes, the beacon of stability that is South Africa would be a better place to park money, sure.

@m1l3s27

27 күн бұрын

​@@Merces69You're trolling if you're acting like BRICS even means anything, let alone that nations that have money would ever invest that in the South African Rand or Indian Rupee over USD and Euros. And that line Russia crossed wasn't arbitrary, it was invading it's sovereign neighbor who that guaranteed they would not when signing the Budapest memorandum. Per that memorandum: Signatories are to "Refrain from the threat or use of force against the territorial integrity or political independence of the signatories to the memorandum..."

Dude congrats on the paper!

The problem with using leverage too late is that it’s value changes with the state of the war. If russia takes half of kiev before such negotiations start, they will lose alot of value, since the outcomes of using it will be worse than using it while ukraine has more bargain power. This leverage is a power multiplier during negotiations, not a flat amount.

Hey babe wake up a new William Spaniel video just dropped

@farminky

27 күн бұрын

either this or "I'm a simple man, I see ZZZ, I click" 🥱

@injest1928

27 күн бұрын

Ugh why don't you just marry him if you like him so much and let me sleep. I have Pilates in the morning remember.

@nickjayr0

27 күн бұрын

insane glazing

@PanchoRivers-fo8tu

27 күн бұрын

Your wife has a boyfriend and you know it!

@jklappenbach

27 күн бұрын

@@PanchoRivers-fo8tu And his name is William Spaniel. DAMN YOU BILLLLLLLYYYYYYYYYYYYYY!!!!!!!

Do you imagine if Winterfell saved money to invade Kingslanding, but save it with the Lannister? What would be the most logical thing to happen? The Lannister doing a special banking operation

Can't make any promises, but I'll make some time to read your papers! Thank you!

“A special banking operation?” Priceless!

Many nations are selling their dollar bonds and buying gold or saving their currency like Japan and China.

@johnbodman4504

27 күн бұрын

Yes that will continue to accelerate. The dollar is finished and every body knows it.

@technokicksyourass

27 күн бұрын

@@johnbodman4504 What are you planning to transact in... gold bars? LOL!

@jilbertb

27 күн бұрын

Um, China's broke. Evergrand's debt is equal to the US debt. Then there's Country Garden... 50% of China's manufacturing is down.

@RedMike-ym8hd

27 күн бұрын

Many nations are selling their dollar bonds and buying other assets denominated in dollars. Or if they are selling their dollars to someone else, that someone else is buying dollarized assets. That's just how national accounts work, but I realize someone with the handle "multipolarworldorder" probably isn't interested in acknowledging that.

BRICS, a golden opportunity!!!!!!!!!!!! Take it.

@Grand-Rose

27 күн бұрын

They would, if not for the I-India. For all the financing of the war that India allegedly did by buying discounted Russian crude, it is STILL very very WARY of China. As was evident in the 2020 border clashes. If it would be, it would be more like a "Eurasian common currency" Russia+China+ASEAN.

@deker0954

27 күн бұрын

BRICS was a mutual fund scam. Fidelity emerging crap holes.

@martinsiloh704

27 күн бұрын

So the whole of Europe still using Russian roubles to buy some Russian gas aren't funding the war. Only india is. I can't wait for Europe and usa to seize and take the Russian funds. 85% of the people on earth in the global south will simply fall to the brics currency. In 50 years Europe will be like Africa and Africa will be like Europe. I used to think Europeans has foresight but you have elected the worse leaders who will take Europe to the third world. The global majority already have seen the hypocrisy of usa and Europe in Gaza Taiwan and Ukraine so BRICS currency backed with Gold and two world powers China and Russia backing it, since the west always want to be the school bully the school is beginning to turn on the bully and the seizure will fast forward it.

@lalzgarra9493

27 күн бұрын

​@@Grand-Rose😂😂😂😂😂😂😂😂😂

@dominuslogik484

27 күн бұрын

Ah yes, Brazil where machine gun fire into favelas is a common policing action, Russia whom is not a wealthy nation, India who dislikes China and doesn't trust Russia as well as not being interested in making enemies. China who will not tolerate any power being in the hands of people outside China and makes up around 77% of BRICS economy. Finally south Africa a literal failed state that can't maintain electricity or clean water utilities even in their own capital. What a powerful club of losers they are

Excellent

300 billion in exchange for whole of Ukraine seems like a fair trade.

lines on maps

@jpoeng

27 күн бұрын

Lines on Banks…

@sandymckinnon9762

27 күн бұрын

lines on graphs

17:35 if the seizure does not in fact create bargaining leverage, and here it does not, you might as well impose the one time cost and seize.

@Butmunch666

26 күн бұрын

You're literally calling for the west to destroy its own financial system. This would be legalized theft. Theres no other way around it. It is theft pure and simple.

I will never stop watching this channel

Lines on maps AND a graph! It's a good day.

Here’s an Question: What would be better for Ukraine in the long run: ⚪️Donating ALL of the frozen money to Ukraine (give or take $300 Billion) in one huge lump sum, and thus saving their NATO Allies that much in donations for the next while, but potentially opening the door to a slew of nasty future complications? ⚪️OR Donating the totally of said sum’s collecting interest from since the day it was frozen, and continuing to do so until the day the war is concluded either way, giving Ukraine Less money up front BUT giving them a steady lifeline of money that could possibly eclipse the initial sum if the war drags on long enough anyway, without also opening the can of worms the first option would entail?

@injest1928

27 күн бұрын

The first helps Ukraine reach total victory, the second helps with negotiating peace with Russia in a military stalemate.

@ButFirstHeLitItOnFire

27 күн бұрын

@@injest1928 I have an idea that can help do both: Have Ukraine receive the accumulating side money, but ALSO throw in an additional 100 Million from the frozen assets themselves for every month of the war. This gives Ukraine a decent amount of money in the long term AND pokes Russia in the side every month with the knowledge that their own assets are slowly bleeding into Ukraine’s pockets to save them from the war said assets were supposed to fund, without going full overkill. It’d be like being forced to watch individual grains of sand from an hour glass fall… Drop Drop Drop, Drop Drop Drop.

@yurilytviak9066

27 күн бұрын

The west has been way too unreliable to think they won’t renege on any ‘long term’ agreement …,Bird in hand and like that ….

@yastyman

27 күн бұрын

@@injest1928 total victory over a nuclear state?

@TimmyNigfartish

27 күн бұрын

@@injest1928 neither will result in Ukraine's victory. Ukraine doesn't have man power to fight Russia. Every Russian over the age of 18 has 2 year military experience, and tons of poorer rural folks to go join the military. Most Ukrainian men that are fighting right now are your ex plumbers and ex electricians in their 40s and 50s. They are fighting vs Russian 20 and 30 year olds.

Can you take a little every month the war goes on?

@paulflocken2730

27 күн бұрын

That was his point about the synergy between ordinary everyday inflation and only seizing the interest. Doing it this way is somewhat parallel to seizing a little bit of the principle each month.

20:55 - where are you getting this line?

4:17 There was a peer reveiwed paper on the reaction between sodium and water that originated from Thunderf00t's channel.

"It will change the invasion" ... -Yeah right! 😘

You want the "soviet empire" back? Sure, you can have it just like it was in the late 80s.

@andersgrassman6583

26 күн бұрын

Weidly, Putin seems to think those times were great!?🤔

Great analysis; just one thing about the one-time cost: could sieze assets a bit at a time. First take the interest earned as a warning shot, and keep doing that so inflation eats the real value

Great video. Have not made I through to the end, but I hope you mention gold and Bitcoin?

Interesting that Switzerland doesn't have a measurable amount of the Russian overseas sovereign wealth.

@mcending98

27 күн бұрын

Yeah, also just googled it and I get figures from 7.5 to about 9 billion. That's probably not enough for switzerland to work with NATO on this. Sending the russian money to ukraine seems to just be a bad move for switzerland to make(stategically not morally bad)

@AnthonyOMulligan-yv9cg

27 күн бұрын

They do, held in Chocolate Reserves

@alinaanto

27 күн бұрын

Hehe, the money is hidden there - means you wouldn’t know how much it actually is or to whom it belongs.

@chrystya

27 күн бұрын

They do, but they are hesitant to release it because they’re still worried about reparations from World War II. It’s time to get with the program and start living in THIS century, Switzerland

@alanburke1893

27 күн бұрын

Too busy counting gold teeth in their vaults

"special banking operation" i spat out my coffee lmao

superannoying beginning about the views

Author ignores the other side of the Balance Sheet. Western Investors have roughly $600 bln of Russian assets. Roughly 300 bln of that is Equities and Bonds while another half is private Debt and private Equity think of Oil megaprojects. It seems both sides have significant exposure, but Western frozen assets in Russia get hardly any coverage in the press. I used Brookings Institute stats would be curious if there is another source for the numbers.

For anyone struggling with the concept that the cost of war decreases for Russia if Ukraine gets frozen assets, you can think of it another way. Think of the unseized frozen assets as a benefit or incentive. Russia is incentivised to end the war to the tune of 300 billion dollars. Giving this to Ukraine removes Russias incentive to end the war. The greatest leverage is in threatening to give it to Ukraine but keeping it frozen to stay as an incentive to negotiate. A possible 3rd option I've not heard could be to keep the 300 billion dollars frozen but adjusting it to the rate of dollar inflation so the incentive or effective cost of war stays about the same for Russia, and then any increase in value of the assets beyond the rate of dollar inflation could be given to Ukraine.

@davidgmillsatty1900

27 күн бұрын

Russia has seized a lot of western assets as well as western companies abandoned Russia when Russia was sanctioned.

@draggy6544

27 күн бұрын

Russia doesnt really care they would be idiots to expect the money back after going so far

@joanndeck4315

27 күн бұрын

Soooo you do realize there are 1000s of speeches online of Putin trying to initiate peace agreements and 1000s of American politicians screeching like insane banshees right? And you do realize that other world citizens watch ALL the worlds news and see the hypocrisy…and at least 75% of the world population don’t think America is as great as Americans think they are….you’re only 4.5% of the world citizens….extreme hubris you all have….more countries will want little to nothing to do with you all very soon….it’s already happening….

@retrojames4226

27 күн бұрын

Cope harder 🤣

@joanndeck4315

27 күн бұрын

Of course tube removed my comment 😅😅….no “standards” broken…stop fooling yourselves….lol

You have forgotten one problem Mr Spaniel, the main part of that assets are in the EU and EU Comission and EU Parliament lawyers were too clear with Comission and Parliament, seize those assets would be illegal unless they declare war against Russia, and doubt they will do that, because if they do that EU would fall from within

@shintaiden

26 күн бұрын

You really don’t get the EU do you? They do what they want, if they want that money they won’t let lawyers get in the way.

@pedropalotes7638

26 күн бұрын

@@shintaiden no, they'll not because that would be a problem for our politicians, seems its you who don't get EU

man, the way you distill the cascading paradox of war in 2024🤯

It's not 'theft', it's a totally legal financial annexation

NATO could’ve done this like way earlier but chose not to because if seizing does ever happen, the consequences would be devastating to financial stability, security and eventual downfall of US dollar. Beside the weapons can be replaced but what can’t replace is Ukrainian manpower and without manpower you are doomed even if you receive $1 trillion

@harleyb.birdwhisperer

27 күн бұрын

A calculation the Russians also need to make. Their demographics aren’t so hot.

@capes8395

27 күн бұрын

​@@harleyb.birdwhisperer whatre you talking about? They have a massive garrison

@lacasadelvideojuego3880

27 күн бұрын

@@harleyb.birdwhispererlol only like 3-4 times the population of Ukraine.

@Grand-Rose

27 күн бұрын

they are NOT paying the entire 300 BILLION, Only the INTEREST on the 300 Billion.

@Grand-Rose

27 күн бұрын

@@lacasadelvideojuego3880 USSR defeated the Third Reich in WW2 with only 3x the population and even then so by using literal meat shield stratergies

USA: we don’t steal 😂! Except when we dislike you

@jdocean1

27 күн бұрын

Lousy example. Russia is breaking things. They will pay for it.

@Lord_Cointoss

27 күн бұрын

​@@jdocean1And the USA paid for Iraq, Libya, Serbia, Vietnam, Korea, and so on!! No. Well, that means you are simple hypocritical Thieves!!

@ala-th3ln

27 күн бұрын

@@jdocean1 True, Russia is the only superpower to ever invade another independent state. Oh wait...

@ignaz-one7430

27 күн бұрын

Whataboutism is the dumbest thing ever. It's bad when the US does it, it's bad when Russia does it as well.

@berylanjous6932

27 күн бұрын

I don’t think it makes any difference to whether they like you or not does it.

As a Canadian, I feel I need to interject about our position on the "Spectrum of Dodginess". The place you set us clearly was "Peacetime Canada", as everyone knows "Wartime Canada" would make Vlad Tepes of Wallachia say "woah, chill."

I feel that the leverage is more important, but the threat of sezure is the only thimgs that makes the leverage meaningful. I guess a bit of a catch 22.

I like Special Banking Operation......excellent...

@sirsplintfastthepungent1373

27 күн бұрын

🍻

I'd call it a "special line of credit" - Special because it will never be paid back to Russia.

@brankosavic632

27 күн бұрын

Doci ce tenkovi u evropu po novac

@janitorizamped

27 күн бұрын

​@@brankosavic632lmao

@Dommifax

27 күн бұрын

@@brankosavic632 but how will their production be financed?

@gherkinisgreat

27 күн бұрын

​@@brankosavic632Got the money for ammo, spare parts, crew and fuel to use those magic tanks as anything other than target practice for NATO? Haha

@AlanTheBeast100

27 күн бұрын

@@brankosavic632 Koplja će ruske tenkove pretvoriti u staro gvožđe. Opet. (Google translate used).

I just now noticed that I had been "unsubscribed". I did not do it. I'm glad I noticed. Thanks for the video!

What makes you assume that there's no appreciable amount of those frozen assets in the UK?

300 BILLION dollars?! Ukraine might try to buy a Ford class carrier...

@joek600

26 күн бұрын

Or some villas in coastal Italy

@Just_another_Euro_dude

26 күн бұрын

​@@joek600Russians love that. But no more 😢. 😂😂😂😂😂

@joek600

26 күн бұрын

@@Just_another_Euro_dude all the scum love nice villas, the point is on whose money they get it. Btw cutting the wings of the Russian oligarchs who had assets abroad and influenced local politics was a blessing for Russia. Now they are forced to invest their money at home and play nice

16:11 - where exactly did you get that? That was not the situation in January 2022.