♾️🇺🇦 Vote Midterms

This is a very good idea. Move the Russian frozen assets out of Belgium to the #EU so Putin can’t threaten #Belgium. Then all ideas around confiscation can be had without Belgium blocking. This is particularly relevant now that Hungary is blocking the EU €90 billion loan to Ukraine.

"Russia was bullying Belgium, where most of the assets are, and Belgium is small. It can't actually resist Russia on its own," said Reuters journalist Hugo Dixon [Hugodixon], and suggested that russian frozen assets should be moved from Belgian to #EU control.

#Ukraine #eu #europenunion #europe #uk #Canada #Deutschland #France #Italy #Spain #Baltics #usa #news

Feb 25 at 6:19amWeb
Show threadDave DeeFeb 25
@skykiss seize all Russian assets.
Show threadJohn Francis 🇨🇦🦫🍁💪⬆️Feb 25

@skykiss @Nerdfest it doesn't matter where the "assets are"...they aren't physical....they are mostly bond holdings, which are just agreements from bond issuers...mostly the European and other central banks, to make interest and principal repayments, via the western-dominated financial system.

They can't be physically seized...surrounding a Belgian bank or successfully invading Belgium won't do anything to get the assets...the bondholders just won't pay.

Show threadJohn Francis 🇨🇦🦫🍁💪⬆️Feb 25

@skykiss @Nerdfest money is conceptual, not real. Bonds and financial assets are conceptual, not real. These are contractual claims on things that rely on threatened or actual enforcement in courts.

The disposition of the seized assets is only of interest because lots of people would like to have a giant financial asset parked in their institution, where they can shave a few fractions of a % off it every month in "management fees".

Straight corruption.

The assets should be zeroed.

Show threadJohn Francis 🇨🇦🦫🍁💪⬆️Feb 25

@skykiss @Nerdfest the assets should've been zeroed the day Russia invaded Crimea. ECB just says "European parliament have passed laws sanctioning Russia that says we just zero the bonds that they held and stop making any payments on them". The end.

This doesn't happen because capitalism depends on most of the public believing that money and debt are "real".