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Re:Neutral Swiss poised to freeze Russian assets – president by kaycebasques on Sunday February 27, 2022 @05:37PM (#30493469)
Regardless of politics I think it's objective to say we're seeing a major increase in the weaponization of the global financial system. Perhaps the most important second order effect (assuming/praying that the war ends very soon) is a faster de-dollarization in China.

A question: does Switzerland have any prior precedent of actions like this? I thought they were neutral?

Re:Neutral Swiss poised to freeze Russian assets – president by sva_ on Sunday February 27, 2022 @05:49PM (#30493593)
> A question: does Switzerland have any prior precedent of actions like this? I thought they were neutral?

They aren't that neutral.

> Close cooperation has also been established in the area of international sanctions. As of 2006, Switzerland has adopted five EU sanctions that were instituted outside of the United Nations. Those affected the former Republic of Yugoslavia (1998), Myanmar (2000), Zimbabwe (2002), Uzbekistan (2006) and Belarus (2006). [0]

There were many more since.

> de-dollarization in China

I'm not sure how you mean this (which side), but I think a de-dollarization in China would be terrible. Countries will still rely on their manufacturing etc, so sanctioning them out of SWIFT would probably just weaken SWIFT, since it'd encourage them to have their own system (since it must exist by necessity of the world's dependence on Chinese stuff). These sort of sanctions only work because there's just a small fraction/party being excluded, I think.

[0] https://en.wikipedia.org/wiki/Switzerland%E2%80%93European_U...

Re:Neutral Swiss poised to freeze Russian assets – president by kaycebasques on Sunday February 27, 2022 @06:03PM (#30493743)
By faster de-dollarization I meant that China may speed up their work to voluntarily depend less on the dollar. It sounds like you might have interpreted me as meaning that other countries would sanction China out of being able to use the dollar. That's not what I was intending.
Re:Neutral Swiss poised to freeze Russian assets – president by yufeng66 on Monday February 28, 2022 @08:41AM (#30499680)
De-dollarization won’t happen in China. Chinese government is addicted to economic growth. The legitimacy of the government depends on it. There are only 3 ways to generate growth: infrastructure investment, consumption and export. The investment approach generates too much debt and one can argue China has reached limit there. Chinese has never been able to increase the consumption as a percentage of GDP in a meaningful way. So they have to rely on export. There is no way they can grow export without dollar.
Re:Neutral Swiss poised to freeze Russian assets – president by noxer on Sunday February 27, 2022 @08:23PM (#30495001)
They are!

Neutral as in "does not participate in armed conflicts between other states".

People just have a huge misconception of what the "neutrality" in "Swiss neutrality" really means.

See https://news.ycombinator.com/item?id=30494956

Re:Neutral Swiss poised to freeze Russian assets – president by noxer on Sunday February 27, 2022 @08:18PM (#30494956)
Neutral as in "does not participate in armed conflicts between other states".

No clue where the interpretation comes from that this "neutrality" is extended to basically everything around the topic of war or military. Switzerland is a weapon export country and has been for a long long time. Neutrality for this only means they dont export to countries at war or if there is reason to believable that the recipient would sell it to countries at war or if it would fall in the hands of terrorists etc. etc.

The real swiss neutrality is way broader and includes mandatory independence. So while Switzerland can join sanctions they decide and do not agree in advance to join sanctions the EU defined. It also includes military mission to promote peace. Swisscoy is the association of the Swiss Armed Forces in Kosovo. This is not against the swiss neutrality because there is no armed conflict there. The Swiss Armed Forces there are still armed for self-defense only.

Re:Neutral Swiss poised to freeze Russian assets – president by mrtksn on Sunday February 27, 2022 @05:59PM (#30493690)
It’s nothing new, it was always like that. Ask Iran, Cuba or DPRK.

It makes all sense in the world, if you are not a cooperating entity you are cut off from the network and you are free to do your own thing.

Obviously, you can be bullied into things that might not be in your own interest but you are still free to asses the pro’s and con’s and break of if it’s better for you.

Unless you are benefiting too much from the arrangement, there’s no interest in bullying you because it’s actually a in a mutual interest to have you onboard.

It’s much, much better option to settling things down through killing each other.

Re:Neutral Swiss poised to freeze Russian assets – president by clove on Tuesday March 01, 2022 @06:40PM (#30521595)
Off topic, but could you respond to my question in the Booking.com thread?
Re:Neutral Swiss poised to freeze Russian assets – president by mrtksn on Wednesday March 02, 2022 @03:51AM (#30525271)
Oh O.K. Let me check
Re:Neutral Swiss poised to freeze Russian assets – president by standardUser on Sunday February 27, 2022 @07:12PM (#30494370)
During the Cold War there were two competing blocks, so many nations had a choice. The ability to "weaponize" the current system relies on the fact that there's no longer an alternative, and it's hard to imagine one emerging!
Re:Neutral Swiss poised to freeze Russian assets – president by throwoutway on Sunday February 27, 2022 @11:53PM (#30496553)
CIPS is the emerging alternative
Re:Neutral Swiss poised to freeze Russian assets – president by standardUser on Monday February 28, 2022 @03:53AM (#30497802)
That sounds like one piece of a system. The Western-led system is comprised of dozens of international treaties and organizations, many of which China is deeply invested in.
Re:Neutral Swiss poised to freeze Russian assets – president by raxxorrax on Monday February 28, 2022 @04:26AM (#30498001)
I dislike crypt currencies because of the grifters it attracts, but we also saw how the financial system was used against citizens whose assets were frozen. The central bank in the EU cannot really be called independent either.

I do like the ability to shape monetary policy, but that would only go hand in hand with governments not able to just deperson people.

Corporations do not offer any protection. Like on social media, if there is a legal question, the users gets banned.

Re:Neutral Swiss poised to freeze Russian assets – president by antishatter on Sunday February 27, 2022 @10:33PM (#30496076)
I think you’re right and this very well be the beginning of the end of dollar hegemony. Though there aren’t yet good alternatives.
Re:Neutral Swiss poised to freeze Russian assets – president by MR4D on Monday February 28, 2022 @10:25AM (#30500795)
> faster de-dollarization in China.

How exactly does that work? As long as Americans send billions of dollars to them for their goods, I don’t see how they can escape it.

Re:Neutral Swiss poised to freeze Russian assets – president by outside1234 on Sunday February 27, 2022 @05:56PM (#30493667)
There is no neutral. Either you oppose evil or you are implicitly for it.
Re:Neutral Swiss poised to freeze Russian assets – president by mancerayder on Sunday February 27, 2022 @06:21PM (#30493902)
There's hubris in the belief that one 'knows' always and every time what good and evil are. There were always multiple sides, each on the side of Good, killing each other, since antiquity. The more modern enlightened moralist should strive to question one's information and assumptions, at all times. Oftentimes, looking back in history we see moral ambiguities.

Certainly in the field of international relations the concepts of good and evil are in the realm of media commentary and politicians. Foreign policy crafters, and the literature around them, have a completely other way of talking.

Re:Neutral Swiss poised to freeze Russian assets – president by ajross on Sunday February 27, 2022 @06:55PM (#30494216)
> There's hubris in the belief that one 'knows' always and every time what good and evil are.

Oh, come on. You don't need to invoke existential certainty to know that unilateral military invasion of peaceful nations is "evil" inasmuch as that word has any meaning at all.

Re:Neutral Swiss poised to freeze Russian assets – president by mancerayder on Sunday February 27, 2022 @08:31PM (#30495085)
You missed my point about information asymmetry.

Talk to a Russian, then come back and let's talk about what's an invasion of a peaceful nation. They're going to tell you that 14K were killed due to a fascist regime. Now, I don't believe that, but you're proving my point. Maybe it's just the naive perspective of moral certainty speaking, or maybe it's the lack of international perspective -- something one unfortunately commonly finds among Americans.

We come back to the question of evil. Maybe we grew up on too many cartoons and Hollywood movies, but good and evil are symbolic fictions.

Re:Neutral Swiss poised to freeze Russian assets – president by rosndo on Monday February 28, 2022 @05:49AM (#30498487)
I own real estate in Moscow and Kyiv, am married to the daughter of a Russian oligarch. My family is being hit hard by the sanctions.

I certainly have the international perspective you accuse others of lacking, and I rather suspect it might in fact be you who lacks that perspective.

Nobody in positions of power believes for a second that Putin has anything but his own legacy in mind at this point.

Re:Neutral Swiss poised to freeze Russian assets – president by MR4D on Monday February 28, 2022 @10:28AM (#30500838)
> Nobody in positions of power believes for a second that Putin has anything but his own legacy in mind at this point.

Perhaps now is their time to fix that situation.

Re:Neutral Swiss poised to freeze Russian assets – president by ajross on Sunday February 27, 2022 @09:24PM (#30495559)
Still not following. It's not "hubris" to believe in the truth. It's not "moral relatavism" to believe lies, that's just "being wrong". The fact that people lie to other people isn't a license to throw out the concept of morality! Quite the opposite in fact.
Re:Neutral Swiss poised to freeze Russian assets – president by mancerayder on Sunday February 27, 2022 @10:41PM (#30496136)
My point is that everyone views themselves as having the moral superiority.

What's less certain is the information, and my point is that you should always have a sliver of doubt in your mind that you're correct.

Re:Neutral Swiss poised to freeze Russian assets – president by Razengan on Sunday February 27, 2022 @07:00PM (#30494258)
> unilateral military invasion of peaceful nations is "evil"

America invaded Iraq and Afghanistan on flimsy pretexts and then continued to occupy the latter for what, 20 years?

Why wasn’t there similar international pushback against that?

Re:Neutral Swiss poised to freeze Russian assets – president by ok_dad on Sunday February 27, 2022 @07:12PM (#30494368)
I will first say I don’t agree the USA should have invaded anyone.

1) America has Europe by the balls because we provide most of the major military security guarantees.

2) Iraq wasn’t exactly a peaceful nation (see: Kuwait)

3) Both Iraq and Afghanistan were governed by non democratic governments; a dictator in one and by religious zealots in the other

4) No one other than the local middle eastern Arabic countries were threatened by this action by the USA, and they didn’t have enough power to put pressure on the USA

In Ukraine, Russia invaded a neighbor of NATO countries, Ukraine was actually a peaceful nation and has a democratically elected government, and the countries that don’t like Russia actually have the power to try to stop it and can get by without anything from Russia.

Re:Neutral Swiss poised to freeze Russian assets – president by krapp on Sunday February 27, 2022 @07:15PM (#30494389)
There was a great deal of international pushback against both. There was also international support for both. The United States didn't unilaterally invade either country.
Re:Neutral Swiss poised to freeze Russian assets – president by ajross on Sunday February 27, 2022 @07:03PM (#30494292)
Maybe that was evil too? I mean, there's complication. But "because America did it" is not a moral argument, and the contention was something about "evil".
Re:Neutral Swiss poised to freeze Russian assets – president by torstenvl on Sunday February 27, 2022 @07:05PM (#30494318)
> peaceful nations

Afghanistan was harboring al Qaeda and Iraq was threatening use of WMDs. They weren't peaceful nations.

The latter turned out to be bluster, supported by terrible intelligence and a U.S. administration that didn't have the wherewithal to counteract its own confirmation biases, and that deserves its own appropriate condemnation, but it's nowhere near the same thing.

Re:Neutral Swiss poised to freeze Russian assets – president by MichaelZuo on Sunday February 27, 2022 @07:40PM (#30494619)
Does anyone else notice that the above comment is greyed out but still showing up above two other comments ungreyed out? Maybe it’s just a glitch, first time I’ve seen it occur.
Re:Neutral Swiss poised to freeze Russian assets – president by Larrikin on Sunday February 27, 2022 @07:07PM (#30494324)
What's the flimsy pretext for the US going into Afghanistan after the 9/11 attacks?
Re:Neutral Swiss poised to freeze Russian assets – president by krapp on Sunday February 27, 2022 @07:17PM (#30494414)
If the US were serious about going after the parties responsible, it would have invaded Saudi Arabia. Instead it made a token stab at Afghanistan then ginned up a war in Iraq they were intent on waging anyway.
Re:Neutral Swiss poised to freeze Russian assets – president by mochomocha on Sunday February 27, 2022 @06:34PM (#30494023)
I don't think the parent meant that it's always easy to discern good from evil. The same way I don't think you believe in absolute bothsidesism. But in some extreme cases (such as current invasion of Ukraine or Nazism last century), it would be pretty hard to argue that there's not one better side. Switzerland isn't asked to pick sides in every single conflict. Starting with the clearest cut ones would be moral progress.
Re:Neutral Swiss poised to freeze Russian assets – president by mancerayder on Sunday February 27, 2022 @06:45PM (#30494113)
I'm obviously absolutely pro-Ukraine, especially as I'm Western European, with Western European values and with a decided belief that Western European ideas are better than what's currently being offered - what Russia for example offers - as an alternative.

And while rooting for the Ukrainian side, I can't even find the Russian perspective within the sphere of information and data, other than what Russians tell me, which sounds so completely different information-wise, that I wonder if we live on the same planets. In fact I got off the phone with a Russian friend a few hours ago, and I asked their perspective but replied nothing in response. It was literally 100% inverted: that the country was fighting fascism and was conned by the U.S. due to weapons treaties in the past.

So the question is NOT about morals, whose are better - it's hard to find a villain in history with an army behind them, where each individual believed in their own evil.

So the question is about information asymmetry, at the very least, a foggy issue we have to get past before we talk about morals. Again, I'm about 90% confident that the Russian side aren't behaving in good faith, but I leave that 10%.

And most importantly I recognize my bias, in the superiority of Western European values, which means that I'm also biased with regards to those nations having the military upper hand. Which implies that even if the situation were much more ambiguous I would likely root for the Ukrainian side.

I hope that does the opposite of clear up the issue!

War is rarely a matter of good and evil purely. It's a muddled world we live in.

Re:Neutral Swiss poised to freeze Russian assets – president by azekai on Monday February 28, 2022 @12:44AM (#30496805)
Putin taking direct action to invade will result in needless Russian and Ukranian suffering and death. That seems plenty evil; and if he has deluded the majority of the population of Russia into believing that the current war is necessary, that is evil too.
Re:Neutral Swiss poised to freeze Russian assets – president by noxer on Sunday February 27, 2022 @08:25PM (#30495020)
Re:Neutral Swiss poised to freeze Russian assets – president by SMVS on Monday February 28, 2022 @12:01AM (#30496597)
Spot the American in the conversation. Also note their inability to define evil in their own actions over the last few centuries of imperialist aggression. You people are so tone deaf. America needs a hard slap to reintroduce reality to their world view.
Re:Neutral Swiss poised to freeze Russian assets – president by cjbgkagh on Sunday February 27, 2022 @05:43PM (#30493536)
It’s like society has progressed very quickly from financially canceling people to financially cancelling countries
Re:Neutral Swiss poised to freeze Russian assets – president by lm28469 on Sunday February 27, 2022 @05:53PM (#30493636)
We also progressed from annihilating countries to financially "cancelling" countries. Financial war is still better than total war

You can also ask Cuba what they think about the "new" aspect of financial cancellation, or 1920s Germany

Re:Neutral Swiss poised to freeze Russian assets – president by cjbgkagh on Sunday February 27, 2022 @06:14PM (#30493835)
It seems that this is a result of populist pressure, hence the qualifier 'society' and that part seems new. I think the politicians were hesitant to do this for good reasons, I assume that they didn't want to back Russia into a corner. Back Cuba or 1920s Germany into a corner fine... but Russia that is a whole different beast. There is a very Twitter mob feel about it.
Re:Neutral Swiss poised to freeze Russian assets – president by threeseed on Sunday February 27, 2022 @06:25PM (#30493930)
You must be utterly delusional to think that the EU, US, Japan etc. are implementing these sanctions because of popular pressure and not because Russia's behaviour is an existential threat to the world order.

If it was purely populist Germany would be using the $100b they have committed for NATO defence and spent it on universally popular policies e.g. tax cuts or handouts.

Re:Neutral Swiss poised to freeze Russian assets – president by rsynnott on Sunday February 27, 2022 @06:51PM (#30494179)
Hold on. Russia just invaded its neighbour, and you think the international response is due to _Twitter_?! Like, I'm not sure what else Russia would've expected.
Re:Neutral Swiss poised to freeze Russian assets – president by raxxorrax on Monday February 28, 2022 @04:32AM (#30498041)
> There is a very Twitter mob feel about it.

Twitter and media pressure that calls for war just a bit less than Russia invading Ukraine. I bet there are many people secretly very happy about that. Often it is just plain idiocy though.

Re:Neutral Swiss poised to freeze Russian assets – president by lm28469 on Sunday February 27, 2022 @07:03PM (#30494287)
> I think the politicians were hesitant to do this for good reasons

Well yeah, sanctions are also impacting us on many levels and they're damaging future relations for decades, that's obviously not something to take lightly. But what's the other options ? Not do anything ?

> There is a very Twitter mob feel about it

We would have said that about the Treaty of Versailles too, we just didn't have twitter back then. I think people are delusional because these types of events aren't a thing in Europe for quite some time now, I bet they'd blame the "cancel culture" and say that Putin is an angel

Re:Neutral Swiss poised to freeze Russian assets – president by threeseed on Sunday February 27, 2022 @06:22PM (#30493904)
These statements always confuse me.

Never in history has there ever been consequence-free speech or egalitarian trade and economics.

Re:Neutral Swiss poised to freeze Russian assets – president by blunte on Sunday February 27, 2022 @06:02PM (#30493730)
You failed to insert "woke" somewhere in your post.