Wed Feb 23, 2022, 11:15 AM

Questions here for our smart members!

I heard russia stockpiled trillions of dollars to prepare for the sanctions. Now, How would they disperse the money? Plus is it possible for us to completely disrupt the banking systems there, that would cause MAJOR problems there? I would love to completely shut down their money movement!!

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5 replies	Author	Time	Post
Questions here for our smart members! (Original post)	bluestarone	Feb 2022	OP
Well, there isn't a trillion dollars in Russia. Or anywhere really.	captain queeg	Feb 2022	#1
I did hear the 5 Billion amount to.	bluestarone	Feb 2022	#2
I think we should, but have to prepare for retaliatory cyberattack.	lagomorph777	Feb 2022	#3
Oh yea for sure!	bluestarone	Feb 2022	#4
Not Liquid, Anyway	ProfessorGAC	Feb 2022	#5

Response to bluestarone (Original post)

Wed Feb 23, 2022, 11:22 AM

captain queeg (8,470 posts)

1. Well, there isn't a trillion dollars in Russia. Or anywhere really.

But I read a couple days ago they’d stashed 5 billion, though I don’t know what form. Certainly shutting down electronic banking would be a huge blow to them. I’ve heard Joe plans to block them from the main international system, but Russia has developed their own system. Don’t know how well it works.

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Response to captain queeg (Reply #1)

Wed Feb 23, 2022, 11:25 AM

bluestarone (14,380 posts)

2. I did hear the 5 Billion amount to.

I'm thinking we DO have the capability To BLOCK their systems BUT, i wonder if we would do it?

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Response to bluestarone (Reply #2)

Wed Feb 23, 2022, 11:40 AM

lagomorph777 (30,613 posts)

3. I think we should, but have to prepare for retaliatory cyberattack.

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Response to lagomorph777 (Reply #3)

Wed Feb 23, 2022, 11:59 AM

bluestarone (14,380 posts)

4. Oh yea for sure!

They mess with us anyhow. So hit them hard if possible!!

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Response to captain queeg (Reply #1)

Wed Feb 23, 2022, 12:53 PM

ProfessorGAC (56,785 posts)

5. Not Liquid, Anyway

Their GDP is $1.7 trillion. With an asset base of $4.2 trillion, or 2.5x GDP. The asset base of the US is nearly $300 trillion. The same ratio is 14.
There's $88 billion in free capital. So, velocity is around 19.5. In the US, it's over 30.
So yeah, they're over $900 billion short of a trillion! With a far less vibrant economy!
Even that $5 billion you're talking about is a lot for them.
Also, if the five billion is true, that's just a bit over 1 day of GDP. Doesn't seem like much a buffer against sanctions.

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