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Subject: EU, Russia, ME, China - Economic blockade of US and seizure of assets
Le Zookeeper    10/10/2008 1:45:53 AM
Say the meltdown got worse, and all fingers point to New York City a la AIG, Goldman, Lehman et al for selling phony securities or credit swaps (whatever they are). Could EU, Russia, Middle east (i.e Saudi & UAE) simply barge in the local Citibank with their police or military and take their money, how about freezing all US assets and seizing the shipping. Possible?
 
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gf0012-aust       10/10/2008 2:35:46 AM
for goodness sake, can you at least do some basic research before you post these idiotic scenarios?
 
eg reserve holdings, merchant fleet ownership,  insurance company issues, international interdependancies.

any basic research would have given you a clue - let alone the issue of cassus belli etc....

 
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Le Zookeeper    Hi gf, Thx for ur reply   10/10/2008 2:45:41 AM

for goodness sake, can you at least do some basic research before you post these idiotic scenarios?

 

eg reserve holdings, merchant fleet ownership,  insurance company issues, international interdependancies.




any basic research would have given you a clue - let alone the issue of cassus belli etc....




You do have a nice answer but look whats happening- what if everything crashes (Iceland banks refused to pay British depositers 300,000 or so)- whats the choice for these folks to get their money which they will allege was wrongfully taken from them. Some underground rumors state that UK is hellishly pissed at US. Its not pretty at all. Rules will be tossed aside as Russia 's recent invasion. What rules or laws did they obey??
 
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gf0012-aust       10/10/2008 2:57:41 AM
1) The UK Govt is taking legal action against Iceland
2) Russia after demonstrating public pomposity is withdrawing all forces - but delayed enough to not lose face at home.
 
Guess what the russians need more than grandstanding? - buyers.  guess what was at risk via a EU response?  Money.  Why?  Because some euro countries have fast tracked renewable energy rebates, they have decided to release some of the regulations on wind farms and adopt the stance of some states in germany which mandate 20% renewables already. 
 
The Russians won votes at home and with vassal neighbours too small to fight back - but they're already paying the price on the world stage where money talks.
 
The dumbest thing the russians did was use the threat of oil sales to push their barrow - they made it front and centre a strategic issue - and it's backfiring.
 
so, wrong and irrelevant examples.  if anything, it shows that they (the russians) don't understand sophisticated soft power.  Hard Power has its limits.  It doesn't work against sophisticated economies who will start to anticipate and plan ahread so they can't get cornered with the same card show again.  Guess what. It's happened.  The Russians played their ace and it's already being eroded.
 

 
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Softwar    Herc - Clueless again   10/10/2008 11:58:15 AM
Another classic troll posting by the uninformed and false front - HERC - aka Le Zookeeper.  He had to dump his old name and return to SP after being given a time-out for racist comments and just plain nasties he posted.  (Don't mention Australians - he goes completely bananas over the boys down under).
 
So this one is based on what job Herc's claiming to be this week?  We've had radar engineer, PhD in economics, software engineer, chemist, and even stealth materials engineer from Herc.  What is it this time - pirate, fireman, astronaut, royal troll?
 
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FJV       10/10/2008 12:14:33 PM
The only place where stuff like this happens is inside a Marxist's wet dream.
 
 
 
 

 
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Jimme       10/11/2008 12:42:31 AM

Say the meltdown got worse, and all fingers point to New York City a la AIG, Goldman, Lehman et al for selling phony securities or credit swaps (whatever they are). Could EU, Russia, Middle east (i.e Saudi & UAE) simply barge in the local Citibank with their police or military and take their money, how about freezing all US assets and seizing the shipping. Possible?

There are a few things wrong with this scenario. For starters I don't believe that AIG, Lehman or Sachs were selling "phony" securities or CDS (which is what i believe you were reffering to).   CDS were a big part of the problem though but unlike stocks bonds or securities CDSs are unregulated so therefor there is no why to really sell phony CDSs. CDSs are best described as unregulated insurance policies on bonds that you dont even have to own. So I can buy a CDS on a bond I dont own and you can sell me a CDS for an amount of money you don't even have. This has become a serious tangled web accross the board for companies across the globe. All it took was one dominoe to fall and that biggy so happened to be Lehman Brothers. 


Second is, barging into local banks wont do much since most banks don't carry that much cash on hand to begin with. Their money is kept at the federal reserves in the US. Most all monetary assests in the globe are moved about electronicly on a closed network system with the main controlls held in a nuke proof bunker in the Rocky Mountains. There is absolutly nothing anyone can do about that. Now lets not talk about seizing assets because US has way more leverage in that area then anyone else.
 
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