Sanctions against Russia’s central bank mark a ‘break-the-glass moment,’ economist says

#Russia #Ukraine
Harvard Economics Professor Kenneth Rogoff joins Yahoo Finance Live to discuss U.S. sanctions on Russia's central bank and the outlook for global markets amid the Russia-Ukraine war.
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[Pico_Farad]

They're not sanctions. They're special financial operations.

[curiouspeople]

If you don’t hold your money it’s not yours

[Philiplone]

Investing in crypto now should be in every wise individuals list. In some months time you'll be ecstatic with the decision you made today.

[AFloridaSon]

War is profitable if you're selling weapons, especially if it's a country that's not fighting. Politicians own stocks in military weaponry, so as the government they can approve a bill to buy weapons, and as people they can make *A LOT* of money. They could shut down every bank from Russia having access, and they could go more aggressively at the oligarchs. But instead they're doing a little today that looks like they're doing something, but it will take weeks to take a full effect. Then in a few weeks they can do a little more, and 6+ weeks from now Russia will feel the next wave of hurt, and politicians will have profited even more thanks to their own buying and selling of weapons. If we don't demand our government give up on their desire to profit from this war, and push them to more NOW, the blood of inocent people is on our hands.

[michelangelope]

i have discovered the nature of money that would provoke the gold and cryptocurrencies market crash. If you buy put options on gold and with your influence make my theory on money known provoking the gold market crash you would become rich. Being everything else the same a country with no gold is wealthier than a country with gold that protects the mineral inside a vault. Being everything else the same imagine a country with a baker, a fishmonger and a singer with no gold and another with a baker, a fishmonger and a guard to protect gold inside a vault. Which one lives better? Which one is wealthier? The country with no gold is wealthier because the baker and fishmonger get entertained by the singer for their money but the country with gold have to work to pay the guard to protect a mineral that offers no wellbeing or wealth because is useless inside a vault. An analogy would be an innocent kid after saving his pocket money buys a bicycle and his father tells him that he can store the bicycle in a garage unused to sell it in the future, but the rent of the garage would cost him some of his pocket money or he can use and enjoy the bicycle. Which option would the kid choose? There is not benefit in buying to sell because no value is added. Do you understand? The gold becomes wealth when is used, sparing the cost of protection. Because gold is increasingly more expensive to dig out as there is less underground and is increasingly cheaper as there is more on offer overground there would be a point when nobody would be mining the mineral. How much cost the taxpayers to protect gold? Cryptocurrencies are a number but money is transferable debt, a number and a name. Who would sell last?

[kwest]

LOL dude couldn't possibly film without his dirty ash shoes in the shot 😂