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The other side of this coin is that russia siezed ~$50b from western companies and individuals before eu freezed their assets (actually that was a rationalization for doing that)

so, that's $250b left frozen.

Letting that much money just sitting (devalue) makes no sense, so collateral seems like a good choice...

The question is from whom did they borrow the money?

And the obvious answer to, who is going to pay this loan, is us... because we have 10t eur "just sitting around" that they will confiscate in some way.

Chris Liss 3w ago

they can’t pay it back now without risking systemic collapse apparently

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Discussion

SuiGenerisJohn 3w ago

Wen does the US print the money to fund this issue?

Chris Liss 3w ago

when EU capitulates probably

SuiGenerisJohn 3w ago

Why is it always has been all the time?

Diacone Frost 3w ago

europe doesn't have to capitulate. they can start war economy too (as they did).

then we would need eu printers. consequently it's a good excuse for us printers.

Diacone Frost 3w ago

that was confusing. I meant russia started war economy and europe can too. (probably shouldn't, but that's another story)

Diacone Frost 3w ago

if you can give a link or something, I'd like to read the thesis.

I don't believe that this "pocket" money would do that.