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breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!

 
Anonymous Coward
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04/05/2022 10:55 AM
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breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
[link to nypost.com (secure)]

The Biden administration on Monday blocked Russia from paying holders of its sovereign debt more than $600 million from reserves held at American banks — ratcheting up the pressure on the Kremlin as it tries to avoid a bond default.

The move comes as images from Ukraine reveal horrific war crimes, including massacred civilians who are believed to have died at the hands of Russian soldiers.


On Monday, as the largest of the payments came due, including a $552.4 million principal payment on a maturing bond, the US government decided to cut off Moscow’s access to the frozen funds, according to a US Treasury spokesperson.

Russia faces a historic default if it chooses to not do so.

“Russia must choose between draining remaining valuable dollar reserves or new revenue coming in, or default,” the spokesperson said.
The move puts added pressure on Russian President Vladimir Putin's economy.
Anonymous Coward
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04/05/2022 10:59 AM
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Re: breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
Russia has almost zero foreign debt with the West, so no default possible.
Anonymous Coward
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04/05/2022 11:01 AM
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Re: breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
Russia did not default...

The Fed did.

Russia has more than $300B on deposit there, and the Fed has defaulted on making payments from that account.

In short, they stole it.
Anonymous Coward
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04/05/2022 11:12 AM
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Re: breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
Russia did not default...

The Fed did.

Russia has more than $300B on deposit there, and the Fed has defaulted on making payments from that account.

In short, they stole it.
 Quoting: Anonymous Coward 82369126


Reminds me of the CNN broadcast during the riots with buildings burning and the commentator claiming "Its alllll goood. These are mostly peaceful protests..."


the Brandon admin just kicked the slats out of the petrodollar reserve currency, harbingering massive de-dollaraization and hyperinflation and significant PAIN for the US consumer, while Russia, with its commodity backed currency rebounds and accelerates in value against the worthless greenback, and we have peeps like you shouting "ALL IS WELL" from the US rooftops.

How is that for a run-on sentence?

lols
Anonymous Coward
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04/05/2022 11:13 AM
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Re: breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
Russia did not default...

The Fed did.

Russia has more than $300B on deposit there, and the Fed has defaulted on making payments from that account.

In short, they stole it.
 Quoting: Anonymous Coward 82369126


Reminds me of the CNN broadcast during the riots with buildings burning and the commentator claiming "Its alllll goood. These are mostly peaceful protests..."


the Brandon admin just kicked the slats out of the petrodollar reserve currency, harbingering massive de-dollaraization and hyperinflation and significant PAIN for the US consumer, while Russia, with its commodity backed currency rebounds and accelerates in value against the worthless greenback, and we have peeps like you shouting "ALL IS WELL" from the US rooftops.

How is that for a run-on sentence?

lols
 Quoting: Anonymous Coward 82484322


Sorry, AC ...4322. The quote should have been of OP.
Anonymous Coward
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04/05/2022 11:19 AM
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Re: breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
Those contracts likely all have force majeure clauses, so the banks will only be screwing themselves, or more accurately, Biden will be screwing our own banks. LMAO.
Anonymous Coward
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04/05/2022 11:20 AM
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Re: breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
Russia did not default...

The Fed did.

Russia has more than $300B on deposit there, and the Fed has defaulted on making payments from that account.

In short, they stole it.
 Quoting: Anonymous Coward 82369126


butthurt9
Anonymous Coward
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04/05/2022 11:36 AM
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Re: breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
epiclol

That's not a Russian default. It's an American default in the eyes of a banker.
Anonymous Coward
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04/05/2022 11:53 AM
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Re: breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
Just wait until the rest of the world figures out they can 'cancel' the USA, just like we're doing to Russia!
Anonymous Coward
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04/05/2022 11:56 AM
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Re: breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
Just wait until the rest of the world figures out they can 'cancel' the USA, just like we're doing to Russia!
 Quoting: Anonymous Coward 2476229


IT NOT MY JOB TO WATCH OVER RUSSIA WE ALL HAVE OUR OWN DAMN PROBLEMS U MAN START ACTING LIKE ONE
Anonymous Coward
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04/05/2022 12:03 PM
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Re: breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!
Fiat money... Russia is moving to Gold, won't do anything but boomerang.





GLP