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Russia is about to default on $150 billion

 
Deplorable Hoosier
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03/15/2022 09:09 PM

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Russia is about to default on $150 billion
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.
Anonymous Coward
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03/15/2022 09:10 PM
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Re: Russia is about to default on $150 billion
Thas chump change will not even are a dent
Anonymous Coward
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03/15/2022 09:11 PM
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Re: Russia is about to default on $150 billion
Mere chump change in today's world.

yawn
Anonymous Coward
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03/15/2022 09:12 PM
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Re: Russia is about to default on $150 billion
The USA owes $30 TRILLION.

And it won't be long before we default on that.
Anonymous Coward
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03/15/2022 09:24 PM
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Re: Russia is about to default on $150 billion
How do I default on a debt if I try to place the money in your hand and you refuse to take it?

bsflag
Deplorable Hoosier  (OP)

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03/15/2022 09:24 PM

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Re: Russia is about to default on $150 billion
Those credit default swaps are going to lead to another carsh.
QuoVadis

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03/15/2022 09:25 PM
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Re: Russia is about to default on $150 billion
noone in russia cares about monopoly money

they go default and then?
The art of propaganda lies in understanding the emotional ideas of the great masses and finding, through a psychologically correct form, the way to the attention and thence to the heart of the broad masses.
Anonymous Coward
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03/15/2022 09:34 PM
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Re: Russia is about to default on $150 billion
noone in russia cares about monopoly money

they go default and then?
 Quoting: QuoVadis


Everyone else does it too?
Sol-tari

User ID: 82468230
Australia
03/15/2022 09:40 PM

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Re: Russia is about to default on $150 billion
Shit! I guess there money will lose a lot of value...

They're going to have trouble trading with western nations

Hell... they might even have to consider only trading and working with other countries who won't care

Think they'll be OK? Or will they get random assests seized and face sanctions? Perhaps have to use an alternative system then the current one?

cruise
I am Protected...I am the Protector
Anonymous Coward
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03/15/2022 10:01 PM
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Re: Russia is about to default on $150 billion
Are they in USD?
LMAO
Anonymous Coward
User ID: 82169090
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03/15/2022 10:14 PM
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Re: Russia is about to default on $150 billion
The USA owes $30 TRILLION.

And it won't be long before we default on that.
 Quoting: Anonymous Coward 80985937


That won't happen. That $30 trillion will be worth 30 million once hyper inflation kicks in. Then they'll pay everyone off.
Anonymous Coward
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03/15/2022 10:14 PM
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Re: Russia is about to default on $150 billion
I am not on Russia’s side but them defaulting is more a problem for=r the guys you lent the money, unless of course Russia needs to borrow more from these, or like minded, institutions in the near future.
Anonymous Coward
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03/15/2022 10:15 PM
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Re: Russia is about to default on $150 billion
this was already priced into the market...


not the black swan we are looking for...
Anonymous Coward
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03/15/2022 10:15 PM
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Re: Russia is about to default on $150 billion
Lets see if China pays their tab.
Anonymous Coward
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Canada
03/15/2022 10:16 PM
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Re: Russia is about to default on $150 billion
How do I default on a debt if I try to place the money in your hand and you refuse to take it?

bsflag
 Quoting: Anonymous Coward 79348811


Why should I accept your money if the value of your money is cut in half the moment it hits my hands because of the effective default? Nobody wants Rubles. Who am I going to sell it to so I can get Canadian dollars, for example.
Anonymous Coward
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03/15/2022 10:17 PM
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Re: Russia is about to default on $150 billion
But American is $30 trillion in debt

Russia is half America’s population. Their debt is minuscule
Sardonic Dadaist

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03/15/2022 10:17 PM
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Re: Russia is about to default on $150 billion
I am not on Russia’s side but them defaulting is more a problem for=r the guys you lent the money, unless of course Russia needs to borrow more from these, or like minded, institutions in the near future.
 Quoting: Anonymous Coward 79302659


Exactly! If they strengthen ties with the east China India Iran all stans and the Middle East they will actually come out ahead. They also have massive gold reserves.
Seeker 2
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03/15/2022 10:18 PM
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Re: Russia is about to default on $150 billion
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.
 Quoting: Deplorable Hoosier


clappa
Sardonic Dadaist

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03/15/2022 10:19 PM
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Re: Russia is about to default on $150 billion
Lets see if China pays their tab.
 Quoting: Anonymous Coward 62498229


Who needs to pay their tab what do they lose? What does the west have they need that can’t come from the east?
Seeker 2
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03/15/2022 10:19 PM
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Re: Russia is about to default on $150 billion
The USA owes $30 TRILLION.

And it won't be long before we default on that.

 Quoting: Anonymous Coward 80985937


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.
FHL(C)

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03/15/2022 10:19 PM

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Re: Russia is about to default on $150 billion
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.
 Quoting: Deplorable Hoosier


Indeed it will. But not the way biden has been led to believe. Good bye usd global fiat
YAHshua the sound of His Name in English, YAH is short form of YHVH,
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Anonymous Coward
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03/15/2022 10:21 PM
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Re: Russia is about to default on $150 billion
The USA owes $30 TRILLION.

And it won't be long before we default on that.

 Quoting: Anonymous Coward 80985937


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.

 Quoting: Anonymous Coward 82485824


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)
Anonymous Coward
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03/15/2022 10:21 PM
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Re: Russia is about to default on $150 billion
The USA owes $30 TRILLION.

And it won't be long before we default on that.
 Quoting: Anonymous Coward 80985937


We'll need to go to WAR.
Walter Brennan's Hat

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03/15/2022 10:23 PM

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Re: Russia is about to default on $150 billion
Pretend money sucks
reincarnated
Anonymous Coward
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03/15/2022 10:24 PM
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Re: Russia is about to default on $150 billion
So bill collection agencies are going to start calling
Horse lover fats

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03/15/2022 10:24 PM
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Re: Russia is about to default on $150 billion
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.
 Quoting: Deplorable Hoosier


hardly 30 trillion dollars. That debt is a drop in the bucket. Russia is rich.
Horse lover fats
Anonymous Coward
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03/15/2022 10:25 PM
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Re: Russia is about to default on $150 billion
Thas chump change will not even are a dent
 Quoting: Anonymous Coward 80426978


Mere chump change in today's world.

yawn
 Quoting: Anonymous Coward 81107803


Yawn..looks like we got idiots with no education. Try paying that debt off with a ruble dollar that is worth 1 penny of the U.S. dollar or equivalent western currency of other nations. Suddenly that 150 billion is like 150 trillion.

Now let me ask you, How do you like them apples?? muhhahahahahahaha
BoneTrout

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03/15/2022 10:25 PM

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Re: Russia is about to default on $150 billion
Its basically a forced default when you arent allowed to pay. It also hurts who is owed to more then the nation.

Just like when the USA defaults if ever it will hurt the markets and who its owed. If this debt Russia has is owed to Europe or the USA then it wont hurt Russia much.

Last Edited by messagehalted on 03/15/2022 10:25 PM
All my post are theatrical artistic writing .
Anonymous Coward
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03/15/2022 10:26 PM
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Re: Russia is about to default on $150 billion
Those credit default swaps are going to lead to another carsh.
 Quoting: Deplorable Hoosier


hesright
FHL(C)

User ID: 82427602
China
03/15/2022 10:28 PM

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Re: Russia is about to default on $150 billion
Thas chump change will not even are a dent
 Quoting: Anonymous Coward 80426978


Mere chump change in today's world.

yawn
 Quoting: Anonymous Coward 81107803


Yawn..looks like we got idiots with no education. Try paying that debt off with a ruble dollar that is worth 1 penny of the U.S. dollar or equivalent western currency of other nations. Suddenly that 150 billion is like 150 trillion.

Now let me ask you, How do you like them apples?? muhhahahahahahaha
 Quoting: Anonymous Coward 77706418


Its so wonderful that people like you are actually advising the administration. I can't imagine what the rest if the US population would do. Without you.
Anyway rubble is backed by gold now. And barter is a thing. Paper money and electronics equivalent are the casino games of choice . Especially if its house rules.

Last Edited by FHL(C) on 03/15/2022 10:30 PM
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FHL(C)

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03/15/2022 10:29 PM

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Re: Russia is about to default on $150 billion
Its basically a forced default when you arent allowed to pay. It also hurts who is owed to more then the nation.

Just like when the USA defaults if ever it will hurt the markets and who its owed. If this debt Russia has is owed to Europe or the USA then it wont hurt Russia much.
 Quoting: BoneTrout


Smarter man. Than many.
YAHshua the sound of His Name in English, YAH is short form of YHVH,
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