Russia vs. Ukraine Part 2

[BugI02]

We are just starting to see a bit of the "commercial real estate junk bond" which is similar to the 2007-2009 "residential real estate junk bond".

Below example:
A bank has loaned say 200 million to fund an outdoor mall. The mall is built but since the planning and development stage and then the build out and completion phase the market has shifted to more on-line stores and smaller versions of larger stores with more limited inventory.

Now the mall owner has upkeep, taxes and payments on the 200 million. He is renting space but not at the amount which makes profit which is what business is about. He is thinking about selling but since the numbers do not meet what a buyer is looking for (profit) they are only willing to buy the 200 million dollar mall for 100 million. (The amount which the property would currently pull a profit) The bank is facing 100 million lose on the property off the books. The bank cannot get out of the property what it has invested in it.

What seems to be happening is the bank then loans another 50 million to the property owner on the value of the mall. So the property now has a bank loan value of 250 million when in fact todays value of the property is 100 million. The property owner has money to pay the loan and a amount of time to make it profitable.(zombie property like zombie company) The bank keeps the property out of foreclosure and instead of a 150 million dollar lose the property is on the books as a 250 million dollar asset.

If this happens once per bank then that is business and we go on. If that bank was highly invested in many of these deals then when the card's finally fall )the 50 million runs out) then there is a huge book loss and since many banks money is leveraged like 10-15 times the book amount the bank cannot meet it's obligation and goes up for sale to the next bigger bank upstream who can weather the market a bit longer.

I am sure I did not write this well as I am not a banker and the terms I use are prolly more suited to a working man's knowledge. But you get the idea.
The bank loan money to save asserts from becoming liquidated losses which hurts the books and gets the feds involved.

Enough let's just say I do not think that all banks are solvent at the moment. Many are just as zombie as the zombie companies and zombie properties.

I don't think the OP was wrong just might have Been zombies on the time frames.

Gradually, and then suddenly

 

[smokingman]

A survey by the Kyiv International Institute of Sociology, in cooperation with the US Agency for International Development "Support of Leader Organizations in Combating Corruption in Ukraine," found that: "Second only to the war, corruption is perceived as the most serious problem in Ukraine by 89% of citizens.

"Despite a notable "improvement" in the public perception of corruption prevalence, 94% of respondents still consider corruption to be pervasive across Ukraine."

Interfax reported that in the survey — which it said the Kyiv International Institute of Sociology carried out for the Ilko Kucheriv Democratic Initiatives Foundation think tank — 77.6% of surveyed Ukrainians said they believed that the president was "directly responsible" for the corruption.

So...send them a few more billion...or another 116 billion(already sent,does not count what is in front of congress currently)? We did after all pay for the survey through the Agency for international development.

Zelenskyy fires recruitment officials for accepting $10,000 bribes. Almost all Ukrainians think the country has a problem with corruption, survey suggests.

Over 75% of surveyed Ukrainians said they believed that Zelenskyy was responsible for corruption in the military and government administrations.

www.yahoo.com

 

[Route 45]

Ruble continues to smoke right along...

 

[printcraft]

 

[maxipum]

WTAF

 

[DadSmith]

Zelensky Fires Regional Military Recruitment Heads over Bribery Claims

The heads of Ukraine's regional military recruitment centres were fired for allegedly accepting bribes from men hoping to avoid battle.

www.breitbart.com

 

[smokingman]

Ukraine could conceivably become a NATO member in exchange for ceding parts of its sovereign territory to Russia, NATO Chief-of-Staff Stian Jenssen said on Aug. 15, as reported by Norwegian outlet Verdens Gang.

Ukraine could join NATO in return for ceding territory — alliance official

Ukraine could conceivably become a NATO member in exchange for ceding parts of its sovereign territory to Russia, NATO Chief-of-Staff Stian Jenssen said on Aug. 15, as reported by Norwegian outlet Verdens Gang.

www.yahoo.com

A Ukrainian sergeant says the battleground was so thick with wounded soldiers that the evacuation vehicles were accidentally driving over their bodies

Soldiers today are surviving injuries they would not have survived in the past, which adds to the mental health challenges countries face, an expert explained.

www.yahoo.com

...and now Russia appears to be using time travel to win the war.
The Aug. 15 Russian missile strike on Ukraine was made with missiles produced in 2024, each containing around 30 foreign-made microchips, head of the President’s Office, Andriy Yermak, said in a Telegram post.

Russia attacking Ukraine using freshly-made missiles — President’s Office

The Aug. 15 Russian missile strike on Ukraine was made with missiles produced in 2024, each containing around 30 foreign-made microchips, head of the President’s Office, Andriy Yermak, said in a Telegram post.

www.yahoo.com

 

[smokingman]

"I'll Be Blunt, It's Failed," Says Congressional Ukraine Caucus Co-Chair On Offensive | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Rep. Andy Harris (R-MD), a co-chair of the congressional Ukraine Caucus, said this week that he’s not sure if the Ukraine war is "winnable" and called for the US to pressure Ukrainian President Volodymyr Zelensky to pursue peace talks.

"Is this more a stalemate? Should we be realistic about it? I think we probably should," Harris said at a town hall on Tuesday night, according to POLITICO. Discussing the Ukrainian counteroffensive, Harris said, "I’ll be blunt, it’s failed."

"I’m not sure it’s winnable anymore," Harris added. His comments are a sign that the new $24 billion in spending on the Ukraine war that the White House has asked Congress to approve won’t receive as much support as previous packages.

When asked if he would support another tranche of spending on the war, Harris said:

"If there is humanitarian monies, nonmilitary monies, or military monies without an inspector general, I’m not supporting it."

President Biden’s request includes economic and humanitarian assistance and no additional oversight for military aid.

"I think the time has come to realistically call for peace talks. I know President Zelensky doesn’t want it," Harris said. "But President Zelensky, without our help, he would abjectly lose the war. And with our help, he’s not winning. It’s a stalemate now."

 

[erasure]

Tucker's Tweets on Gab: 'Ep. 18 Into the abyss: Colonel Douglas Macgregor…'

Tucker's Tweets on Gab: 'Ep. 18 Into the abyss: Colonel Douglas Macgregor tells us why the Ukraine war must end now.'

gab.com

 

[asevans]

Tucker's Tweets on Gab: 'Ep. 18 Into the abyss: Colonel Douglas Macgregor…'

Tucker's Tweets on Gab: 'Ep. 18 Into the abyss: Colonel Douglas Macgregor tells us why the Ukraine war must end now.'

gab.com

YouTube has banned Douglas Macgreger for spreading misinformation. I wouldn’t believe anything he says in that interview.

 

[AndreusMaximus]

YouTube has banned Douglas Macgreger for spreading misinformation. I wouldn’t believe anything he says in that interview.

Not to be rude, but if you think youtube banning someone for what they call "misinformation" is grounds to discredit that person, then I would hesitate to believe anything that you say.

 

[oze]

After weeks of reading pro-Russians doing victory dances, it's nice to read some good news for a change.

Russian Supersonic Bomber Destroyed By Ukrainian Drone

A prized Russian long-range bomber was destroyed in a Ukrainian drone strike on Saturday.

www.oann.com

 

[asevans]

Not to be rude, but if you think youtube banning someone for what they call "misinformation" is grounds to discredit that person, then I would hesitate to believe anything that you say.

Hahaha. Sorry. Should have put that in purple I guess

 

[AndreusMaximus]

Hahaha. Sorry. Should have put that in purple I guess

Oh, I see. I don't pick up on sarcasm very well, my apologies.

 

[KMaC]

https://www.foxnews.com/
Prigozhin dies in plane crash outside Moscow. Reportedly shot down by Russian air defenses.
Probably due to miscommunication. I'm sure Putin didn't want him dead.

 

[AndreusMaximus]

So has the leader of Wagner group been found dead yet?

Called it. Not that I deserve much credit for that; I strongly doubt anyone was surprised in the slightest.

 

[oze]

https://www.foxnews.com/
Prigozhin dies in plane crash outside Moscow. Reportedly shot down by Russian air defenses.
Probably due to miscommunication. I'm sure Putin didn't want him dead.

What a coinkadink.

 

[DragonGunner]

I saw that entire interview between Tucker and the Col. like it or not the Rich men North of Richmond want their money and if it takes WWIII and sending American troops to the grinder so be it. We have become a beast that can’t be fed enough.

 

[jsx1043]

https://www.foxnews.com/
Prigozhin dies in plane crash outside Moscow. Reportedly shot down by Russian air defenses.
Probably due to miscommunication. I'm sure Putin didn't want him dead.

I wonder what the Vegas odds are running right now:

1: Putin did it
2: US did it
3: He’s faking his own death
4: It’s a Russian Intel psyop

 

[AndreusMaximus]

What a coinkadink.

In before someone blames it on Zelensky. (Dang it, got scooped while I was typing this.)