Another Reason to Stack PM - A Lesson From Russian Sanctions

[HerefordBullyun]

 

6 minutes ago, Minimalist said:

Batter in. Send it through PM if you wish.

@dicker likes his arbroath smokies with batter on, hes not a cullen sknk man!

[dicker]

This is pretty basic stuff that most companies defend against if you are travelling to Russia and other risk assessed states.

Tech companies are far more rigorous around not exporting secrets to Russia and this is enforced by the US and UK governments.  “Trade compliance” controls who works on products (nationality, location, risk).  They spend a lot of time restricting what is shared with specific countries.

[Bigmarc]

3 minutes ago, dicker said:

It was standard procedure, and I suspect still is. It wasn’t the only country. I’m not sure how to prove this but I have shot (grouse, Scotland) with a partner at a magic circle law firm last year who was similarly restricted.  

Years ago I use to work for ford in engineering. This sent me globally and have spent a little time in Russia and Romania. I can remember one of our guys up a ladder and someone just walking past, picked up his tool bag and blatantly walked off with it. I was supervisor at the time and went to report this the plant manager, even tho I knew who did it all I got was "your stuff is better than our, what do you expect". Brazil was pretty much the same. The thing is people expect the whole world to have the same attitudes as what we do. This was in the 90s and we had similar advice (company policy) when traveling to most factories. Unfortunately the plants were all built in places of cheap labour.

[Minimalist]

5 minutes ago, dicker said:

This is pretty basic stuff that most companies defend against if you are travelling to Russia and other risk assessed states.

Tech companies are far more rigorous around not exporting secrets to Russia and this is enforced by the US and UK governments.  “Trade compliance” controls who works on products (nationality, location, risk).  They spend a lot of time restricting what is shared with specific countries.

You claimed it this was not standard, what is the apparent "secrets" Russia would want to know? I would love to see proof of this given Russia has incredible advancements in certain sectors which blows us out the water, particularly the aerospace computer technology.

 

[Bigmarc]

The first place I ever see a retina scan was when trying to get into Cuba. Heavily searched on the way in and couldn't care less what I took out.

[HerefordBullyun]

2 minutes ago, Bigmarc said:

The first place I ever see a retina scan was when trying to get into Cuba. Heavily searched on the way in and couldn't care less what I took out.

Should have shoved 1000000 cuban cigars down ya trousers rolled on the thighs of a virgin or a lump of crack cocaine lol!

[dicker]

16 minutes ago, Bigmarc said:

The first place I ever see a retina scan was when trying to get into Cuba. Heavily searched on the way in and couldn't care less what I took out.

Not much to take out of Cuba….

[Minimalist]

7 minutes ago, dicker said:

Not much to take out of Cuba….

We have a trade deficit with Cuba...

[dicker]

With the average wage of less than USD50 per month, I suspect the average Cuban won’t be seeing the benefit of that.

[Minimalist]

7 minutes ago, dicker said:

With the average wage of less than USD50 per month, I suspect the average Cuban won’t be seeing the benefit of that.

Well with conditions caused by decades of crippling illegal economic sanctions imposed by the US government you are right.

Edited March 14, 2022 by Minimalist

[dicker]

Just now, Minimalist said:

Well with conditioned caused by decades of crippling illegal economic sanctions imposed by the US government you are right.

Oddly the Cuban community in the US(those that have escaped)  are highly successful and despise socialism!

[Minimalist]

Just now, dicker said:

Oddly the Cuban community in the US(those that have escaped)  are highly successful and despise socialism!

They were against the Banking bailout in 08?

[dicker]

No more or less than anyone else I suspect.  Well done Gordon Brown, you saved the world.  

[Minimalist]

4 minutes ago, dicker said:

No more or less than anyone else I suspect.  Well done Gordon Brown, you saved the world.  

Oh, your right about Gordon Brown, I really hope they Cubans never took they stimulus checks Biden handed out to Americans it would be a clear contradiction of socialism. 

[dicker]

Governments should have left banks to fail / consolidate on their own.  

Sure the impact would have been catastrophic to people around the world but they are just delaying the inevitable, and to bring the tread back to where it started, hard assets are king. 

But, politicians will always take the easy (electorally advantageous) way out and that is printing money currently.

 

[HerefordBullyun]

1 minute ago, dicker said:

Governments should have left banks to fail / consolidate on their own.  

 

 

Governments dont have the minerals and I dont mean hard assests

[SilverStorm]

Please constraint your comments to the topic on hand.  If you have a beef, or just plain want to be a s**** disturber, please take it to PM.   Or create your own thread for that.  I am trying to post relevant content that members may find interesting.   If what I have to say is not according to your world view, that is fine.  Everyone is entitled to their opinion.  But please respect the opinion of others without the need of becoming combative or argumentative.  It's just not necessary.  

Edited March 14, 2022 by SilverStorm

[Bigmarc]

29 minutes ago, dicker said:

With the average wage of less than USD50 per month, I suspect the average Cuban won’t be seeing the benefit of that.

There was two different currencies when I was there, (anyone correct me if I am wrong, going of on shady memory). The peso, which was what the people working for the state got and a closed currency. Then the cuc which is what the visitors used. I think the cuc was worth 20x the peso but also cost 20% to convert it. This ment bills and rent were easily paid but a barman collecting tips would earn more than a doctor.

As for the purpose of this thread I suppose it's a good way to look at how sanctions are dealt with long term. Everyone seemed happy there, there was no homeless and everyone had access to healthcare but I remember talking to some guy who really wanted a moped, he could afford to buy the bike but couldn't afford to put fuel in it. 

[dicker]

A bit like Chile, who also have two currencies.  One non circulating and essentially used for investment. 
 

As Michael Caine said “not many people know that”

[Minimalist]

19 minutes ago, HerefordBullyun said:

Governments dont have the minerals and I dont mean hard assests

China does and ironically people see them as a communist regime. If thats communism give me it all day.

[Minimalist]

22 minutes ago, dicker said:

Governments should have left banks to fail / consolidate on their own.  

Sure the impact would have been catastrophic to people around the world but they are just delaying the inevitable, and to bring the tread back to where it started, hard assets are king. 

But, politicians will always take the easy (electorally advantageous) way out and that is printing money currently.

Our system of government is the most corrupt on planet earth. A monarchy getting unelected socialist payments, house of lords getting unelected socialist payments and the commons selling themselves like a prostitute to the City, hand outs through slush funds like Cameron, Brown etc you name it. Eton keynesianists telling me that I should keep with that circus in London while taking hand outs at any oppertunity. Blaming China and Russia for our own faults, making fable enemies, illegal wars, criminalising young men for doing a hard graft, attempting to make us feel guilty because we wont submit to a banking elite and neoliberal insanity. This place is a joke.

[dicker]

Cuba is nice at this time of year I hear.  

[Tortoise]

20 hours ago, SilverStorm said:

When fiat currency collapses and becomes worthless, having silver/gold on hand will help to feed and clothe yourself and/or your family.  This is why we stack, for when a SHTF scenario comes knocking on your door.  The axiom "better to have and not need it, rather than need it and not have it" could not be more true.  

Thanks, the article was an interesting read.

I read a book many years ago, but forget it's title.  It was about how owning gold was banned in communist Russia.  There was one exception, that was wedding rings, so reportedly one man invested his savings in buying 18ct gold mens wedding rings.  I think he did ok with his life savings when the USSR imploded, unlike other Russians.

Even if it is not true, it is still a nice storey.

[beacon]

On 14/03/2022 at 03:12, goldsilverdash said:

Phones, watches, and cars? Not what I would go for.

Gold and silver, cryptocurrency, and cash sounds a lot better.

Agree about not going for phones or cars. But certain watches/brands have certainly been better than holding cash. Rolex steel sports watches (if you can get them at retail at an AD) have lots of upside and hold their value quite well. Some you can even flip immediately on the grey market for a 5x fold return (the Rolex Oyster Perpetual Tiffany blue). 

[stackspot]

13 hours ago, dicker said:

A bit like Chile, who also have two currencies.  One non circulating and essentially used for investment. 
 

As Michael Caine said “not many people know that”

He also said   “moy noym is Moychael Coyne”😂