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Sep 1 2025 09:42am
Bear in mind: Damage to investor confidence and the safety perceived by foreign oligarchs is permanent and precedes official action. That damage has already been done in part, if not in full.
Joe Biden already ruptured the image of the safe US petrodollar as a global reserve currency. We can't shove that genie back in the bottle. Even if the US and EU tomorrow unilaterally lifted sanctions and released stolen funds, we've set the precedent we could do it again on a whim.
If a Swiss bank decides to steal the reserves of a major investor, the image of Swiss banks as a reliable way to store your assets just vanishes overnight. It won't come back

To that point, there's a lot less damage to our image and credibility by escalating past this point. Now the calculation is more around geopolitical goals and reciprocal threats.
We're now plunged into that world of competitive international finance whether we like it or not. That doesn't mean every action has to be hostile, since we're still governed by the rules of competition and benefits of cooperation vs antagonism.


But yeah the multipolar world emerged before Trump even took office (the second time). It was entirely Joe Biden's doing, and he basically ended 80 years of pax americana and put us into these risky times. But its spilt milk, joe's getting let out of dementia care long enough to get an ice cream cone again and we've got to figure out how to navigate a world where Russia is fighting and winning wars while the EU tries to escalate its losing war and the US just wants to put the pieces back together
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Sep 1 2025 10:19am
To be fair - writedowns were not necessary under sanctions regime, were entirely optional and driven by public pressure / moral posturing. I didn’t see eg Booking.com exiting any other countries over wars, sanctions or military invasions.

Many western public and private corporates still operate in Russia either under direct ownership, indirect ownership with an option to buyback or just close one eye that volume of their sales to Kyrgyzstan, Turkey or Latvia have quadrupled. I mean who cares whether you buy LEGO for your kids from an official LEGO store or from ООО «МИР ВОДНЫХ ИГРУШЕК».

The main question at hand then boils down to the issue of emerging multipolar world where US / EU sanctions are no longer the end of the world and you can get by just fine without Airbus planes or Mercedes cars. Yes some critical tech like cutting edge chips, hypersonics, AI require tech transfers which can be prevented with sanctions or scary men in black suits, but it is not straightforward to me who the winner would be in this new brave world.


link to cheap LEGO? asking for a friend...
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Sep 1 2025 11:16am
link to cheap LEGO? asking for a friend...


I mean those designs are somewhat contemporary, but it says it’s backwards compatible with real stuff, so there you go.
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Sep 1 2025 11:28am
link to cheap LEGO? asking for a friend...


Collections of LEGOs, magic cards and pokemon cards are going to be pulped like collections of beanie babies
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Sep 1 2025 04:16pm
https://www.bild.de/regional/niedersachsen/friedland-lianas-opa-musste-alles-mitanhoeren-68b31df13ac9186c23fa85e1

A 16 year old ukrainian girl refugee who had fled to germany was murdered by a 31 year old iraqi refugee who pushed her in front of a train
>German authorities said the suspect had a blood alcohol level of 1.35‰ and a history of paranoid schizophrenia. He was placed in a psychiatric facility and is under investigation for unintentional homicide.
>Investigators also found that the Iraqi citizen had lived in Germany for years despite his asylum application being rejected and a deportation order being issued.
:bonk:

This post was edited by Goomshill on Sep 1 2025 04:17pm
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Sep 1 2025 05:22pm
The Hunger Games for migrants- so that's the reason they imported so many
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Sep 2 2025 07:10am
Trump presses India over oil trade with Russia expecting them to cave and instead we see India-China-Russian leaders joining hands all smiles during BRICS summit . This morning we wake up to western sovereign yields all spiking up. Could be nothing or could be an indication where the world is trending towards, which is multipolarity and it doesn't really matter what the US does or what it threatens, as it's the equivalent of trying to stop a river going downhill. It's inevitable, and the more we try to strong arm some of these countries, the faster they turn eastward. I kind of think the battle for hegemony is already lost what's unknown though is how long does it take to become clear. Is it 5, 10 or 50 years?


Quote
The two-day event was attended by more than 20 leaders of non-Western countries, including India's Modi, who is visiting China for the first time in seven years.

In his speech, Xi said the SCO must "promote the democratisation of international relations and enhance representation of developing countries".

"We must continue to take a clear stand against hegemonism and power politics, and practise true multilateralism," he said, in a veiled attack on the current U.S.-dominated world order.

However, Xi did not set out any concrete policies in what he called his "Global Governance Initiative".

Putin, whose country has forged even closer ties with China amid the fallout from the Ukraine war, said the SCO had revived "genuine multilateralism".

"This, in turn, lays the political and socio-economic groundwork for the formation of a new system of stability and security in Eurasia," Putin said.


https://www.reuters.com/world/sco-live-chinas-xi-hosts-putin-modi-regional-summit-2025-09-01/
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Sep 2 2025 07:56am
Trump presses India over oil trade with Russia expecting them to cave and instead we see India-China-Russian leaders joining hands all smiles during BRICS summit . This morning we wake up to western sovereign yields all spiking up. Could be nothing or could be an indication where the world is trending towards, which is multipolarity and it doesn't really matter what the US does or what it threatens, as it's the equivalent of trying to stop a river going downhill. It's inevitable, and the more we try to strong arm some of these countries, the faster they turn eastward. I kind of think the battle for hegemony is already lost what's unknown though is how long does it take to become clear. Is it 5, 10 or 50 years?




https://www.reuters.com/world/sco-live-chinas-xi-hosts-putin-modi-regional-summit-2025-09-01/


There was some other thread here betting on the next war and I put my money on India. India has been the real beneficiary from this war. Cheap oil, fueling their ever growing country. India, like most nations wants what the West has had for so long, prosperity. The difference being between them and other nations is their growing power. They have become an economic powerhouse, its not exactly a large leap to think by 2040 they also shift to becoming a superpower themselves.

India is also going to face some other issues that might drive action out of them. Climate change, climate shift , call it what you want, places are getting hotter. I don't know what parts of India will look like 2050 and prior to that a lot of their major water sources I suspect will be dwindling. I don't know what that means for them, or the world. Or perhaps that stunts them.

Don't know.
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Sep 2 2025 08:10am
There was some other thread here betting on the next war and I put my money on India. India has been the real beneficiary from this war. Cheap oil, fueling their ever growing country. India, like most nations wants what the West has had for so long, prosperity. The difference being between them and other nations is their growing power. They have become an economic powerhouse, its not exactly a large leap to think by 2040 they also shift to becoming a superpower themselves.

India is also going to face some other issues that might drive action out of them. Climate change, climate shift , call it what you want, places are getting hotter. I don't know what parts of India will look like 2050 and prior to that a lot of their major water sources I suspect will be dwindling. I don't know what that means for them, or the world. Or perhaps that stunts them.

Don't know.


I think near term wars will be fought in smaller periphery states. The cold war model. Personally i see more flashpoints in places like Venezuela-neighbors, Cambodia-Thailand. Basically countries where the west and east are at frontiers of influence. India-Pakistan, both nuked armed isn't likely to spill into a bigger war because the stakes are too high.

India needs a ton of resources and i think they need and hope to look like the China of today. They like China have a ton of human capital, so how do they retain it? So many young Indians today are clawing to get into western countries. It's kind of annoying tbh to look around and see half the company being filled with Indians.
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Sep 2 2025 08:15am
Trump presses India over oil trade with Russia expecting them to cave and instead we see India-China-Russian leaders joining hands all smiles during BRICS summit . This morning we wake up to western sovereign yields all spiking up. Could be nothing or could be an indication where the world is trending towards, which is multipolarity and it doesn't really matter what the US does or what it threatens, as it's the equivalent of trying to stop a river going downhill. It's inevitable, and the more we try to strong arm some of these countries, the faster they turn eastward. I kind of think the battle for hegemony is already lost what's unknown though is how long does it take to become clear. Is it 5, 10 or 50 years?




https://www.reuters.com/world/sco-live-chinas-xi-hosts-putin-modi-regional-summit-2025-09-01/



There was a decent Cheney vs China debate forum in Dubai where they covered some of this. I was trying to find a statement Dick Cheney made about US globalism vs isolationism relative to China and the history from pre-WW2 to present. Haven't had luck
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