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Russia is about to default on $150 billion

 
Deplorable Hoosier  (OP)

User ID: 77746138
United States
03/15/2022 10:29 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
 Quoting: FHL(C)


hesright
Anonymous Coward
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03/15/2022 10:31 PM
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Re: Russia is about to default on $150 billion
drevil
Anonymous Coward
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03/15/2022 10:31 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


hesright
Anonymous Coward
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03/15/2022 10:32 PM
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Re: Russia is about to default on $150 billion
Thread: (Literal) Uncle Intel: Stock Market Carsh Next Wednesday
Anonymous Coward
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03/15/2022 10:33 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.
 Quoting: Anonymous Coward 80194568


It's interesting. All of these virtue signaling leftist scumbags cheering on Russians being banned, Russians having their property illegally seized and having their bank accounts stolen from them.

I wonder how these same asshole Americans are going to feel when the US defaults and China comes calling for every property, every house, every business and every farm to help settle the debt that your country sold you out for.

Monopoly money doesn't mean crap, and that's all the federal government is currently printing.
Anonymous Coward
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United States
03/15/2022 10:34 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
 Quoting: Sol-tari


There's much more to it. There's a "major financial services company" heavily invested in Russian debt that could become Bear Stearns 2.0 (and worse due to the fragility of the post-lockdown economy)

Dollar also quickly losing reserve status.
Teslahowitzer
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03/15/2022 10:34 PM
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Re: Russia is about to default on $150 billion
Most,if not all assets connected to Russia have been siezed by governments all over the planet.
Removed them from swift and banned their exports in mass.
Do you really think that they give a damn about this default?
They have China, India, and Iran for import/ export and moving funding.

The rest of the world cut them off, why would they pay up?

Consider all debt Russia owed to the west as null and void.
War does that to creditors whom call you the enemy and tries to shut you down...
Anonymous Coward
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03/15/2022 10:36 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


Not only that, Russia is the only country that I know of that is in the GREEN
Anonymous Coward
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03/15/2022 10:36 PM
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Re: Russia is about to default on $150 billion
Russia might just say, "well, you don't want to be paid in rubles? Then fuck you. We're not going to pay any of it back."

Then watch the shit-storm.
Anonymous Coward
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03/15/2022 10:36 PM
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Re: Russia is about to default on $150 billion
They can always do what DC does. Print a $trillion
VampPatriot

User ID: 82064064
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03/15/2022 10:36 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


Just wait until the petrodollar dies. Suddenly the weight of even 150 billion will hurt the economy
Communism shall never prevail.

"FREEDOM IS SLAVERY.
IGNORANCE IS STRENGTH.
WAR IS PEACE.
STAYING APART BRINGS US TOGETHER." NWO Mantra
Anonymous Coward
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03/15/2022 10:37 PM
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Re: Russia is about to default on $150 billion
from a CNN article Monday afternoon

Russia has sent the clearest signal yet that it will soon default ...

The default could come as early as Wednesday, when Moscow needs to hand over $117 million in interest payments on dollar-denominated government bonds, according to JPMorgan Chase.
....
But the potential consequences of a default are difficult to gauge. The 2008 global financial crisis and the coronavirus pandemic showed how negative shocks can spread across the modern interconnected global financial system and economy.
...
But analysts at Capital Economics warned that one major financial institution might be particularly exposed to Russian debt, which could cause broader financial contagion. A second risk is that a default could trigger missed payments by Russian companies.
Anonymous Coward
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03/15/2022 10:37 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


How many times has Greece defaulted on their debt? Many times, and they always come back and European banks lend to them.

The whole world is addicted to debt. If you declare bankruptcy just wait a few years and offers for credit cards will magically appear in your mailbox.

As long as the majority of people don't figure this out, the game goes on. As soon as the majority does figure this out, it's game over.
Anonymous Coward
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03/15/2022 10:38 PM
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Re: Russia is about to default on $150 billion
...didn't Super NATO decide to pull Russia out of Swift? So tell me, how is everyone supposed to pay for their gas and oil Russia supplies?

...and who will be behind in payments?
Anonymous Coward
User ID: 78360042
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03/15/2022 10:39 PM
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Re: Russia is about to default on $150 billion
They can always do what DC does. Print a $trillion
 Quoting: Anonymous Coward 80365094


That isn't the issue. They have the money, but the financiers won't accept it except in dollars.

This is all by design to bring a world economic carsh and the Great Reset.

Buckle up and let's get ready to ride.
Arkwright

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03/15/2022 10:40 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

Anyway rubble is backed by gold now.
 Quoting: FHL(C)

Um. No it isn't.

What fantasy world are you living in...
Anonymous Coward
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03/15/2022 10:40 PM
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Re: Russia is about to default on $150 billion
...didn't Super NATO decide to pull Russia out of Swift? So tell me, how is everyone supposed to pay for their gas and oil Russia supplies?

...and who will be behind in payments?
 Quoting: Anonymous Coward 80365094


India and China are already working deals to buy discounted Russian oil in rubles-rupee-yen.

PetroDollar is about to die, and then the $30 trillion debt of the US goes ka-booom.
Anonymous Coward
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03/15/2022 10:40 PM
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Re: Russia is about to default on $150 billion
Their stock market yet to open....
Anonymous Coward
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Romania
03/15/2022 10:41 PM
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Re: Russia is about to default on $150 billion
So less than Hunter probably has stolen over his life time.
Anonymous Coward
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Canada
03/15/2022 10:42 PM
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Re: Russia is about to default on $150 billion
...didn't Super NATO decide to pull Russia out of Swift? So tell me, how is everyone supposed to pay for their gas and oil Russia supplies?

...and who will be behind in payments?
 Quoting: Anonymous Coward 80365094


Many suit cases of cash? Seriously though, the action through Swift impacted only those banks that don't deal with the gas and oil. Convenient, eh?
FHL(C)

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China
03/15/2022 10:42 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


Just wait until the petrodollar dies. Suddenly the weight of even 150 billion will hurt the economy
 Quoting: VampPatriot


I think it started already. Tell me about grocery prices and petrol/gas in USA over last couple of years. Won't say why. To long to explain. But it has to do with Swift its alternatives and Saudi Arabia.
And as of last week Saudi don't need Joe or dat funny munny in paper or electronics. Gold and goods much better.Islam is not EU ghoys and gals
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 10:43 PM
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Re: Russia is about to default on $150 billion
yawn and nothing happen
Anonymous Coward
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03/15/2022 10:44 PM
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Re: Russia is about to default on $150 billion
It really is brilliant when u think about it..
Who are they in debt to??… The IMF?
These days, they keep the printing presses fired up and running.
Fiat really doesn’t mean sheet anymore.
Gold, silver and other PMs hold their weight...
Interested to see how this plays out for sure....
Idaho Potato

User ID: 82264437
United States
03/15/2022 10:45 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 can't even make an interest payment, totally insolvent.
Idaho Potato, it's what's for dinner
Anonymous Coward
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03/15/2022 10:47 PM
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Re: Russia is about to default on $150 billion
Hypocrisy at its best

How can the United States say anything when it's bankrupt.

For the newbies out there?

There is no way the United States pays off its debts. I wonder what a bankrupt Nation looks like? But I guess we can use the old Russia and Colombia as an example.
Anonymous Coward
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03/15/2022 10:48 PM
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Re: Russia is about to default on $150 billion
This war has to be stopped.Not won,but stopped.
Anonymous Coward
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03/15/2022 10:48 PM
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Re: Russia is about to default on $150 billion
It's not a default when one is cut off from their ability to pay.

Good luck paying for Russia's gas with non-existent gold and silver, Europe.
Anonymous Coward
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Denmark
03/15/2022 10:51 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

Blackrock owns 30 trillion
Anonymous Coward
User ID: 12828358
Denmark
03/15/2022 10:55 PM
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Re: Russia is about to default on $150 billion
Common wealth like in Star trek where currency is abandoned sounds great, ohh that's called communism right?
Anonymous Coward
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Switzerland
03/15/2022 10:56 PM
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Re: Russia is about to default on $150 billion
not even a months worth of money printed by the west+japan. even now.





GLP