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52
Russian Court Orders Seizure of JPMorgan Funds in Russia
posted 2 years ago by Unknownsailor 2 years ago by Unknownsailor +52 / -0

Bifurcation of banking continues apace.

Archive Link: https://archive.is/rOXhg

Original Link: https://www.reuters.com/business/finance/russian-court-orders-seizure-jpmorgan-chase-funds-vtb-lawsuit-2024-04-24/

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Comments (24)
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▲ 38 ▼
– SoctaticMethod1 38 points 2 years ago +38 / -0

Welcome to the slow collapse of global banking, started by the Biden administration..

Maybe that's why the Jews are really hating the Dems right now? Anyway expect thanks to this less companies to feel secure having assets in countries not where their primary division are.

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▲ 24 ▼
– HallucinatoryBeing 24 points 2 years ago +24 / -0

It's certainly why every central bank not in the Big GAE are stacking gold. Unlike the US Dollar, you can't print gold and you can't trace gold to sanction it.

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▲ 2 ▼
– DefinitelyNotIGN 2 points 2 years ago +2 / -0

Yet.

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▲ 19 ▼
– Slav4U 19 points 2 years ago +19 / -0

Yes but how do I get this raging erection to go down?

This is an unexpected benefit, and if this war does manage to kill global banking cartels it would be incredible.

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▲ 8 ▼
– SoctaticMethod1 8 points 2 years ago +8 / -0

True but this may affect global logistics down the road too...I would love the banking cartels to die but they also have weakened domestic food supplies...

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▲ 18 ▼
– Slav4U 18 points 2 years ago +18 / -0

You mean we might actually have to produce and buy stuff locally?

Stop! It's so erect it hurts!

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▲ 9 ▼
– Bouldabassed 9 points 2 years ago +9 / -0

Quick, get this man some tranny pics so his dick doesn't explode!

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▲ 4 ▼
– current_horror 4 points 2 years ago +4 / -0

Tranny pics are the only thing that can save his dick??

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▲ 9 ▼
– HallucinatoryBeing 9 points 2 years ago +9 / -0

Like any country with real, tangible products wants to trade with a fat, rent-seeking grifter. The US flew too close to the sun by weaponizing the Dollar.

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▲ 4 ▼
– Nikola_S1 4 points 2 years ago +4 / -0

Sadly, it will just replace the cartels with other cartels.

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▲ 3 ▼
– Slav4U 3 points 2 years ago +3 / -0

Likely so, but I'm willing to roll the dice to hope for a better cartel

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▲ 9 ▼
– ernsithe 9 points 2 years ago +9 / -0

It'd be pretty ironic if Biden accidentally did one thing right.

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▲ 28 ▼
– AntonioOfVenice 28 points 2 years ago +28 / -0

A Russian court has ordered the seizure of funds in JPMorgan Chase (JPM.N), opens new tab bank accounts in Russia, court filings showed on Wednesday, in a lawsuit filed by state-owned bank VTB (VTBR.MM), opens new tab as it seeks to regain funds blocked abroad.

JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia despatched its army to Ukraine in 2022 and VTB was hit with sanctions.

So Russia is trying to get stolen funds back, and the media frames this as "Russia victimizing poor JP Morgan".

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▲ 19 ▼
– HallucinatoryBeing 19 points 2 years ago +19 / -0

JP Morgan Chase is an unofficial arm of the government that absorbs bad banks due to Fed incompetence and manipulates """""speculates""""" on commodities, especially threats to the US Dollar like gold. The whores in the media have a vested interest to defend them.

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▲ 4 ▼
– current_horror 4 points 2 years ago +4 / -0

And when you say “the media”…

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▲ 17 ▼
– Lurker404 17 points 2 years ago +17 / -0

Turnabout is fair play.

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▲ 8 ▼
– realerfunction 8 points 2 years ago +8 / -0

don't start none, won't be none.

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▲ 7 ▼
– NatalieBiden 7 points 2 years ago +7 / -0

Good -

US control of the world’s banking was being used against innocent conservatives-

wikileaks banned and assets confiscated

conservative news organizations banned from collecting funds

innocent truckers had all their assets seized.

bank of america used their databases to track anyone who was in dc on jan 6th

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▲ 2 ▼
– gopower2024 2 points 2 years ago +2 / -0

oh look we love communism now. But only when its seizing Jewish assets, when its taking my stuff, its bad.

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▲ 22 ▼
– ModsAreAIDS 22 points 2 years ago +22 / -0

So you admit that they are Jewish assets. Good for you for starting to come around! We will have you goose stepping in no time.

Oh, and the USSR fell in 1991, so they aren't communist any more.

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▲ 18 ▼
– AntonioOfVenice 18 points 2 years ago +18 / -0

I know you're a troll and believe none of the opinions you purport to hold, but yeah, the people who oppose this d o support seizing assets when it's not theirs:

JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia despatched its army to Ukraine in 2022 and VTB was hit with sanctions.

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▲ 13 ▼
– deleted 13 points 2 years ago +13 / -0
▲ 2 ▼
– DefinitelyNotIGN 2 points 2 years ago +2 / -0

communism.

Please, it's called "socialism" now. National socialism. Socialism for the nation. Finding those who are overrepresented in certain wealth brackets and power brackets, and bringing them low to compensate for the time they were at the top.

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▲ 44 ▼
– deleted 44 points 2 years ago +44 / -0

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