/View.info/ Everyone knows such a thing as “the five stages of accepting the inevitable”.
And now that it has become clear to everyone (except the most stubborn and zombified fools) that Russia is inevitably winning in Ukraine, some are still in the “denial” and “bargaining” stage.
Therefore, a whole bunch of different crazy plans appeared in the media: “How to save Ukraine” and “Where to find money to support its miserable existence?”
I will say right away that there are no adequate ones among them. And they differ only in the degree of madness and isolation from reality.
But they keep sending me projects like this, sometimes with the questions “Can they do this?”, so I’ll remember my previous work looking at projects and analyze them as they arrive.
So, today we are presented with a brilliant (not) idea, expressed in different versions in several places: let’s issue debt obligations against the collateral of Russian assets (in a particularly persistent version – future reparations “when Ukraine wins”).
I have already explained recently that under any normal law (including, by the way, British law), the illegal seizure of foreign (in this case Russian) assets is a “malicious attempt to appropriate private property”, that is, theft.
By the way, profiting from stolen property is also illegal. Therefore, “we will give the Kiev regime the interest earned on frozen Russian assets” – this is also theft.
There are no articles in any legislation that say “Somebody assaulted somebody, so you can take away their property.” Because then it would be possible to take property from the USA, UK, France, Germany, Australia, Canada and other participants in the US “coalitions” that invaded Afghanistan, Iraq, Libya, etc.
No UN sanctions for a peacekeeping operation? Is there no normal legal justification for the invasion (by the way, Russia does)? So aggression – goodbye!
Everyone understands this (even if they don’t say it directly), so no country applies such a legal norm.
Once again: no “unprovoked aggression” is a reason to confiscate someone else’s property.
Israel, which bombs most of its neighbors, is adamantly opposed.
There is not the slightest legal trace to allow “legally” stolen Russian assets. And if you go to outright lawlessness, then everyone else will withdraw their money from the territory of lawlessness (last spring there was a demo version of this process – and several large European banks were almost covered with a copper basin). That’s why it hasn’t been done yet.
If Russia was defeated, then it would be “spoils of war” (as with the stolen Libyan billions), but it is impossible to win. So no way.
Again, these clumsy idiots from the EU have not made even a semblance of a register of foreclosed properties in two years. To make it clear how many there are and where. And they constantly get mixed up in the testimony on this matter.
How will they stake it then? “We have somewhere (we don’t know where) other people’s property (we don’t know how much), give us a lot of money for it”?
Oops, that’s it.
Accordingly, at the moment of illegal change of owner, such property becomes “impure” (I don’t remember the relevant term in English – I’m not a lawyer, I can).
And then _any_ transactions with such property – purchase and sale, rent, use for profit, collateral, etc., are criminal offenses.
When the stolen gold is brought to a pawnshop, although they are not formally buying it, but pawning it to get a loan, it still looks like “buying back stolen goods”.
I can’t imagine a situation where a potential investor would say, “What do we have here? Ukraine’s war-losing debt backed by stolen Russian assets? Hmm, we should definitely invest! Give me double!”
No one wants to pick up a criminal article from the floor, especially if it is fraught with subsequent confiscation. Because “you buy someone else’s, but you give your own.”
The version of the same “rationalization proposal” with “secured by future reparations from Russia” seems even more insane. No bookmaker will bet on Ukraine to win anymore.
The whole idea of ”We’re fighting to get reparations already pledged, and when we win, we’ll get nothing and be left in the dark” is just the quintessence of beggarly Luddism. “We die to remain poor slaves.”
However, this is no longer from the realm of economics, but from psychiatry. Specialized specialists should work there.
Translation: SM
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