Russia is preparing to default (Putin, enemy, solution, dollar)
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I have no doubt after seeing oil and the Rubles plunge. There is a run going on the Ruble as we speak - down nearly 5% in one day, 30% since mid-December. This thing is losing value in days what most currencies gain/lose in a year. This is a $2 Trillion economy, not Zimbabwe. Something is brewing and it's going to crash the markets for sure.
now, concerning a "default", you must realize George Soros, notorious for
starting rumors like this and profiting from them (Bank of England) is publicly
saying Russia's central bank will default. Often with a two-forked devil like Soros,
he's probably betting on the other side of what he's saying. George Soros Warns Of Russia Default - Forbes
now, concerning a "default", you must realize George Soros, notorious for
starting rumors like this and profiting from them (Bank of England) is publicly
saying Russia's central bank will default. Often with a two-forked devil like Soros,
he's probably betting on the other side of what he's saying. George Soros Warns Of Russia Default - Forbes
I don't trust Soros much, but the writings on the wall. All the pieces are coming together and are pointing to a default very soon. Russia's reserves are dwindling rapidly.
I don't trust Soros much, but the writings on the wall. All the pieces are coming together and are pointing to a default very soon. Russia's reserves are dwindling rapidly.
Russia is monetarily sovereign in Roubles, so it does not have to default in debt so denominated.
But rampant inflation and progressive economic isolationism, as they cannot afford imports, can and may very well soon be disastrous.
Russia is monetarily sovereign in Roubles, so it does not have to default in debt so denominated.
But rampant inflation and progressive economic isolationism, as they cannot afford imports, can and may very well soon be disastrous.
Except that a lot of its debt is not in Rubles. Suddenly when that occurs being monetary sovereign is irrelevant. Whoops.
And one of the nasty side effects of the sanctions is the inability to rollover loans help with foreign denominations. Whoops.
will they default? Actually I am not sure. If nothing changed then most likely.....however China. China can change it all, the question will become "At what price to Russia?"
Putin could raise a ton of money by putting together a calender with him in various shirtless poses and selling it to his right-wing groupies. The 12 months of Putin.
Except that a lot of its debt is not in Rubles. Suddenly when that occurs being monetary sovereign is irrelevant. Whoops.
And one of the nasty side effects of the sanctions is the inability to rollover loans help with foreign denominations. Whoops.
will they default? Actually I am not sure. If nothing changed then most likely.....however China. China can change it all, the question will become "At what price to Russia?"
I don't think that Mother Russia has much in the way of foreign denominated debt. Much is on the private side.
Opps, so much for the mighty BRICS unseating the evil American capitalists and their dollar
Brazil, Russia, and South Africa are in shambles. China isent that far behind with their Potemkin village facade. India is a complete joke, half the country still lives in shanties out of the 1800s. If it wasent for greed and globalization the the Indians and Chinese would still be completely 3rd world.
There is always a solution if one is willing to kick out the bankster thugs.
Anyone recall what Iceland did ?
Iceland kicked out the banksters - told them the debt owed to them was invalid,
threw them out of the country and declared all Icelandic mortgage debts to be
PAID IN FULL by law.
There is always a solution if one is willing to kick out the bankster thugs.
Anyone recall what Iceland did ?
Iceland kicked out the banksters - told them the debt owed to them was invalid,
threw them out of the country and declared all Icelandic mortgage debts to be
PAID IN FULL by law.
I was always of the opinion we should have left them
Fail. Unfortunately, Osama and the Fed wasnt
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