If you are in a position to discuss, say, history, ideology, Catholic political theory, etc., then say so, and I may concede that I am not superior to YOU. <
Posted on 01/26/2024 2:26:53 PM PST by UMCRevMom@aol.com
A U.S. Senate committee approved legislation on Wednesday that would help set the stage for the United States to confiscate Russian assets and hand them over to Ukraine for rebuilding after the destruction of the nearly two-year-long war.
The Senate Foreign Relations Committee voted 20 to 1 in favor of the unprecedented "Rebuilding Economic Prosperity and Opportunity (REPO) for Ukrainians Act."
If it were to pass the full Senate and House of Representatives and be signed into law by President Joe Biden, as expected, the act would pave the way for Washington's first-ever seizure of central bank assets from a country with which it is not at war.
Senator Ben Cardin, the Democratic foreign relations committee chairman, was optimistic about the bill becoming law, noting that it has broad support, from both Democrats and Republicans in the Senate and House, as well as from Biden's administration.
"Ukraine is on the verge of being overrun by Russia if we do not give them the help that they need... and we all know that it will not end with Ukraine," he said, before the committee voted. The House Foreign Affairs Committee has passed a similar bill, also with overwhelming bipartisan support. Cardin said he expected the Democratic-majority Senate and Republican-majority House would be able to resolve the differences between the two bills.
The EU, United States, Japan and Canada froze some $300 billion of Russian central bank assets in 2022 when Russia invaded Ukraine. Only about $5 billion to $6 billion are in the United States, with most held in Europe, and most of those in Belgium's Euroclear central securities depositary.
"This is intended to be a big hammer. It's intended to be a very new way of attacking a country that does not behave itself," Republican Senator Jim Risch said.
(Excerpt) Read more at reuters.com ...
I write with precision, not pride.
In these cases I have laid things out as they actually are.
If you are in a position to discuss, say, history, ideology, Catholic political theory, etc., then say so, and I may concede that I am not superior to YOU. ⁵
What foreign investors will want to spend a dime in this country knowing we could illegal seize their assets if our government wants to punish their home country?
If you are in a position to discuss, say, history, ideology, Catholic political theory, etc., then say so, and I may concede that I am not superior to YOU. <
Could all have been avoided
All Russia had to do was stay within its own borders, and get along with its neighbors ... like every other country in Europe somehow manages to do
But nope, that was too much for Russia to do
Putin has no one but himself to blame for the current mess
They need to go for it.
Seize the dollar assets of every country that violates some nuance of the ever-changing dictates of Globohomo.
My guess is the Russians will seize real assets (in compensation for fiat assets), just like they did after WW2.
Other countries, who knows ?
But it will make them want to switch to another international currency.
When there isn’t a Congress that supports it ( tacitly or by statute) it is not legitimate aid in my book We have elements of Congress specifically against it in fact. Let Biden spend his discretionary foreign aid money if he wants.
The military transfers were the chump change. The REALLY BIG bucks went straight into the graft pipeline. Everything the normal government pays for in Ukraine the last two years has been put on my grandkids’ tab. You forgot about the tens of billions that were transferred around about and into the DC and Kiev oligarchs’ offshore accounts. Give it another two years of “rebuilding” and it’ll be a trillion dollar laundry operation.
The Ukrainian crazies on FR and in the US Senate don’t seem to understand the implications of arbitrary seizure of assets.
But it says "for the United States to confiscate Russian assets and hand them over to Ukraine for rebuilding after the destruction of the nearly two-year-long war."
After the war, would that money be going to Russia to rebuild Novo Russia, or perhaps include shares to Hungary, Romania and Poland for the pieces of the former Ukraine divvied up among them in reclaiming their historical territories?
The Office of Alien Property Custodian was an office within the government of the United States during World War I and again during World War II, serving as a custodian to property that belonged to US enemies.
The U.S. is not in engaged in hostilities with Russia and Russia does not qualify as an enemy.
50 U.S.C. 2204
the term “enemy” means any country, government, group, or person that has been engaged in hostilities, whether or not lawfully authorized, with the United States.
I just lost IQ points reading a post of yours.
“You are not being invaded by a foreign power, with tanks and artillery and missiles.”
No, they’re not heavily armed but we’re taking lots of casualties and damage all the same.
As other nations see this continuance of the financial belligerence of the US of A, trust in US treasurys ratchets down another notch or two...
Some pol was quoted in the article as this being another way to prosecute war.
When there isn’t a Congress that supports it ( tacitly or by statute) it is not legitimate aid in my book.
A supposedly neutral nation illegally seizing assets of the rightful owner, in order to transfer said assets to an enemy of the owner involved in an international armed conflict with the owner, is a violation of neutrality law. It is patently unlawful, with or without congressional approval.
NO country will switch away from the US dollar because of this
That’s just a wet dream of you America-haters
And there would be no seizure at all if Russia hadn’t illegally invaded a sovereign country
MORAL OF THE STORY - don’t illegally invade sovereign countries, and your assets won’t get seized, duh
Putin has no one to blame but himself & his own stupid actions if the assets get seized & sold, LOL!!
I showed that foreign Treasury holdings were up lately, not down. I suggest you concede the point, and go on to another
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I suggest you do the same. Without Japan and England ( only two countries ) increasing their buying to “ fill the gap”, the Fed will have to keep purchasing more and more of our debt, as they have been doing.
You see nothing alarming with the Fed now being the largest buyer of US debt?
Do you understand we are now paying $$$1 trillion in interest payments on our debt? Let that sink in.
From the article: “ “Ukraine is on the verge of being overrun by Russia if we do not give them the help that they need... and we all know that it will not end with Ukraine,”
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Time to give it up, every one knows the outcome which has been clearly stated, even by the war cheerleaders.
We always must keep in mind who has been chosen to lead the rebuilding of Ukraine when we think about who will control the funds.
The Clintons and the Chicago Pritzkers? Now who do we really think is behind this asset seizure?
No more being nice to them.
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With your line of “ reasoning”, the same can be said about Vlad- he has shown much restraint……he is the only reason Ukraine isn’t a huge smoking hole.
Is this the same USG that wanted millions to go to border patrol in order to speed up the invasion of the US?
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