Yes YES YES YSYESYES

reblog to call prev cute :3

"At the start of the year, foreigners held $20bn of Russian foreign currency debt, as well as  local debt worth more than 3tn roubles." FT.com; Lehmann in 2008 had $613 billion bank debt and $155 billion in bond debt.

Russian default is a structural risk, but decades of free money (QE) and capital reforms have deleveraged the west. This is best seen with the growth in treasury “reverse repo”

“NEW YORK, June 9 (Reuters) - The Federal Reserve's reverse repurchase window on Wednesday took in $503 billion in cash, hitting a record peak for a third consecutive session, as financial institutions flush with liquidity flocked to the Fed facility to park their cash and secure Treasury collateral.”

sorry to bother u but i just came across ur post about europe cuting russia of swift and how that will killing their own economy in future, would u mind elaborating in that or maybe point me in right direction? i never hear of swift until today and i wonder if it kills europe economy why they do it? i think u also say it breaks global economy? sorry for my english, i hope u can understand me, it is okay if u do not or can not answer. thank u.

What is SWIFT and what happens if the Russians are cut off from it?

What is SWIFT? The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a high-security network that connects financial institutions around the world. It is used by different financial institutions to send and receive information, such as instructions for transferring money across borders.

Basically, SWIFT is the way international banking works. Cutting SWIFT off has only been done twice before, to Iran and the DPRK/‘North Korea’. Never with an economy like Russia’s - it’s like amputating them from the global financial system. Firstly, this means that import/export is near impossible, similarly with international services - destroying about 65% of Russia’s GDP already. That trade is important, though - the gas and grain Russia exports goes somewhere, largely to Europe. Without it, Europe has an extreme problem. Moreover, cutting off the banks also means that not only can trade not occur, but Russia can’t turn its invested capital back into cash to reinvest: it can’t liquidate its debt, which may lead to an even greater problem.

No trade, and no liquidation, means it will default on its debts. Some US banks defaulting on some debt caused the 2008 global financial crisis - this would effectively be a default on almost all of Russia’s debt. The holders of that debt aren’t Russia, either - they’re largely the west. Similarly, the freeze on the central bank’s assets means that its foreign currency reserves are basically null and void - and given that Russia’s foreign currency reserves are largely in Euro, this is as much a strike against the EU’s economy as it is Russia’s.

As for why they would do it… It will certainly destroy Russia’s economy. It is the nuclear option, economically. Just like regular nukes, though, it’s largely a mutually-assured destruction. The global economy can’t just cut off such a large aspect of itself without feeling it. However, the global economy was already in crisis. Historically, in times of crisis, the imperialist countries have been willing - or, rather, forced - to apply their most extreme methods of exploitation to themselves. If cutting off their own arm is what it takes to maintain global hegemony - which Russia was threatening - then they’ll do it.

The EU had previously refused to cut Russia off from SWIFT. The EU had also dragged its feet on shuttering the NordStream 2 gas pipeline with Russia - because these things will harm it just as much as they harm Russia. The US wanted escalation, and it wanted Russia and the EU to split - and a weaker EU is a benefit for the US, which is now starting to cannibalise its own allies. This will hurt the US, but not as much as it immediately hurts the EU. I suppose the US might have forced their hand, considering they now hold Europe’s lifeline, in the form of whatever gas exports they can muster.

I want to show you that that Internet you used to go exploring is still very much there. There are still tons of small personal websites, and a wealth of long form text from both the past and the present.  So it's a search engine. It's perhaps not the greatest at finding what you already knew was there, instead it is designed to help you find some things you didn't even know you were looking for.  

Merry Christmas to the iceberg that’s gonna crush our LN2 pipework over the holiday! 🎄🎄❄️🥶💀

Why on earth would you like herpesviruses? Don’t they cause STDs?

Herpes simplex virus 2 does indeed cause a sexually transmitted disease, but there are several other herpesviruses that infect humans, many of which are not sexually transmitted. Coldsores, chicken pox and glandular fever...

Grimes: I shall be ~so edgy~

Eyes: I dont even know them

The Manticore, 2

from Enemy004

with regards to entities discovered in Enemy001, and Enemy003

Ghost*Fruits//Enemy

2021&2

🌵

Most employers worry about high staff turnover, but Amazon has been positively encouraging it. For a number of years it has had a policy called “The Offer”: each year after the peak Christmas period, warehouse staff are offered a few thousand pounds to quit (the precise sum varies depending on tenure and other things) on the condition they will never be allowed to work for Amazon again.

I interpret this as sound that produces a mix of Fission and disassociation

https://youtu.be/PStkd5vSkaQ

https://youtu.be/UDNWvbtoR_4

https://youtu.be/n-1V0zom0HU

https://youtu.be/Zu8cN5sMOHc

https://youtu.be/-lQqP5c5028

https://youtu.be/KRKD-kJ0kUU

Hopefully some are interesting?

need more songs on my wake up playlist that make me feel like an abomination