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03:37 AM
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Subject
Russia is about to default on $150 billion
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 82485824:MV81MDgyMzM2XzkzMTQ2MzY0XzE2MDc3ODg4] [quote:Anonymous Coward 82485824:MV81MDgyMzM2XzkzMTQ2MzE4XzUwRjBBMjY0] [quote:Anonymous Coward 80985937:MV81MDgyMzM2XzkzMTQ1MTEwXzRGMUE1MUQ2] [b][color=red]The USA owes $30 TRILLION. And it won't be long before we default on that.[/color][/b] [/quote] [b][color=darkred]Not until we steal every dollar we can, foreign and domestic. WE ARE THE TITANIC, and WE ARE GOING DOWN. Right now they are fighting for the lifeboats. It will get very ugly unless the rest of the world unites and puts an end to us.[/color][/b] [/quote] [b] BTW, the dollar will still be the medium of exchange in America right up to the very end. DO NOT HAVE YOUR DOLLARS WHERE THE US GOVERNMENT CAN GET THEIR HANDS ON THEM. (banks)[/b] [/quote]
Original Message
The government says that all debt will be serviced, though it will happen in rubles as long as sanctions — imposed because of the war — don’t allow dollar settlements. Failure to pay, or paying in local currency instead of dollars, would start the clock ticking on a potential wave of defaults on about $150 billion in foreign-currency debt owed by both the government and Russian companies including Gazprom, Lukoil and Sberbank.
[
link to www.bloomberg.com (secure)
]
This is about to get very interesting.
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