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In response to "Ukraine's government raises crypto worth $8 million in crowdfunding appeal -- (link)" by Remlik

Conversely, analysts project a potential run for Russian banks on Monday. -- (edited)

Posted by The Allfather (aka David) Feb 27 '22, 10:22

Follow the money.

“ Market analysts predict that on Monday the value of the rouble will drop and Russians may rush to remove their money from banks.
"These new sanctions are likely to cause serious damage to the Russian economy and its banking system", said Clay Lowery, executive vice president at the Institute of International Finance. "This will most likely exacerbate ongoing bank runs... causing a sharp sell-off and a drain on reserves."
But on Sunday, the Bank of Russia insisted: "The Russian banking system is stable, has sufficient capital and liquidity to function smoothly in any situation. All customer funds on the accounts are saved and available at any time."
It also said that it will use its own network, called the System for Transfer of Financial Messages (STFS) , for payments within Russia.”

https://www.bbc.com/news/business-60543994 (www.bbc.com)

Responses:

Biden looking pretty good in his reaction to this. Didn't overreact, hit the most painful targets - TWuG Feb 27, 10:28 8
- Let’s hope. Some of the early polling has been galactically stupid. -- nm - The Allfather Feb 27, 10:39 7
  - Oh, I'm not speaking to polling, just that his actions, whether popular or not, have been effective. -- nm - TWuG Feb 27, 10:46
  - "Putin is so awesome to do this, and why didn't Biden do anything to stop him?" -- nm* - znufrii Feb 27, 10:45
  - "Why didn't we stop this thing from happening that would have taken doing things I absolutely wouldn't have supported?" -- nm - Reagen Feb 27, 10:44 4
    - The funniest one is that Putin wouldn't have invaded if Trump were POTUS. - David Feb 27, 10:46 3
      - Honestly, they may be right on that. Trump and Putin would have worked in concert to destabilize Ukraine and install a leader to Putin’s liking -- (edited) - znufrii Feb 27, 11:43
      - Jill Stein is also having a normal one. -- nm - Reagen Feb 27, 11:40
      - "Just a second, googling 'Russia conflicts 21st century' and ... oh. Ohhhhh" -- nm - Reagen Feb 27, 11:40
yup. It's going to be ugly. -- nm - Remlik Feb 27, 10:25

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Conversely, analysts project a potential run for Russian banks on Monday. -- (edited)

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