Russia is about to default on $150 billion

Thread: (Literal) Uncle Intel: Stock Market Carsh Next Wednesday

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.

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.

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...

Not only that, Russia is the only country that I know of that is in the GREEN

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.

They can always do what DC does. Print a $trillion

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

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.

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.

...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?

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.

Um. No it isn't.

What fantasy world are you living in...

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.

Their stock market yet to open....

So less than Hunter probably has stolen over his life time.

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?

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

and nothing happen

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....

We can't even make an interest payment, totally insolvent.

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.

This war has to be stopped.Not won,but stopped.

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.

Blackrock owns 30 trillion

Common wealth like in Star trek where currency is abandoned sounds great, ohh that's called communism right?

not even a months worth of money printed by the west+japan. even now.