Russia is about to default on $150 billion | |
Deplorable Hoosier (OP) User ID: 77746138 United States 03/15/2022 10:29 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Deplorable Hoosier [link to www.bloomberg.com (secure)] This is about to get very interesting. Indeed it will. But not the way biden has been led to believe. Good bye usd global fiat |
Anonymous Coward User ID: 72118504 United States 03/15/2022 10:31 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 81285582 United States 03/15/2022 10:33 PM Report Abusive Post Report Copyright Violation | The USA owes $30 TRILLION. Quoting: Anonymous Coward 80985937 And it won't be long before we default on that. We'll need to go to WAR. 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 User ID: 78360042 United States 03/15/2022 10:34 PM Report Abusive Post Report Copyright Violation | Shit! I guess there money will lose a lot of value... Quoting: Sol-tari 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? 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 User ID: 82067053 United States 03/15/2022 10:34 PM Report Abusive Post Report Copyright Violation | 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 User ID: 80365094 United States 03/15/2022 10:36 PM Report Abusive Post Report Copyright Violation | |
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VampPatriot User ID: 82064064 Algeria 03/15/2022 10:36 PM Report Abusive Post Report Copyright Violation | Just wait until the petrodollar dies. Suddenly the weight of even 150 billion will hurt the economy Sic Semper Tyrannis. The F in Communism stands for Food. "FREEDOM IS SLAVERY. IGNORANCE IS STRENGTH. WAR IS PEACE. STAYING APART BRINGS US TOGETHER." NWO Mantra |
Anonymous Coward User ID: 78360042 United States 03/15/2022 10:37 PM Report Abusive Post Report Copyright Violation | 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 User ID: 80562797 United States 03/15/2022 10:37 PM Report Abusive Post Report Copyright Violation | 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 User ID: 80365094 United States 03/15/2022 10:38 PM Report Abusive Post Report Copyright Violation | |
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Arkwright User ID: 81968496 United States 03/15/2022 10:40 PM Report Abusive Post Report Copyright Violation | 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 Anyway rubble is backed by gold now. Um. No it isn't. What fantasy world are you living in... |
Anonymous Coward User ID: 78360042 United States 03/15/2022 10:40 PM Report Abusive Post Report Copyright Violation | ...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? Quoting: Anonymous Coward 80365094 ...and who will be behind in payments? 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. |
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Anonymous Coward User ID: 78274705 Canada 03/15/2022 10:42 PM Report Abusive Post Report Copyright Violation | ...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? Quoting: Anonymous Coward 80365094 ...and who will be behind in payments? 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) User ID: 82427602 China 03/15/2022 10:42 PM Report Abusive Post Report Copyright Violation | Just wait until the petrodollar dies. Suddenly the weight of even 150 billion will hurt the economy 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, Bible.PRAYERBOOK.Praisebook DOWNLOADs [link to www.docdroid.net (secure)] [link to pdfhost.io (secure)] [link to www.docdroid.net (secure)] |
Anonymous Coward User ID: 78931515 Sweden 03/15/2022 10:43 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80742741 Canada 03/15/2022 10:44 PM Report Abusive Post Report Copyright Violation | 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.... |
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Anonymous Coward User ID: 75082825 United States 03/15/2022 10:47 PM Report Abusive Post Report Copyright Violation | 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. |
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