Posted on 03/08/2022 5:01:55 PM PST by marcusmaximus
Fitch on Tuesday downgraded Russia’ssovereign rating by six notches further into the junk territory to ‘C’ from ‘B’, saying a debt default is imminent.
(Excerpt) Read more at nationalpost.com ...
This will not end well.
L
You mean Russia won’t pay money to the people launching a world war on their economy? WOW...
Uh.......not looking good folks......
Wait till this cascades through American banks and derivatives...
Blame KGB Putin. He invaded Ukraine. Play stupid games, win stupid prizes.
I wonder if this will be further incentive to accept a deal with the Ukraine and end all of this nonsense for the time being.
So it’s the 2008 big short, part II.
Russia could come out of this with a set of steak knives.
That is all it will be until Russia is rid of him.
.
Nope. I dont think it will myself.
China and Iran will take all the Russian Oil, gas, grains and whatever and will help shore up their economy while the rest of us will find out it wont be good for us.
Also..Putin was supposed to have built up a pretty good sum of emergency funds for this purpose.
Besides all that, and the gold they hold, they hold twice as much in diamond reserves than most of the world. All China has to do is transfer about half of those things to their country and send it out on the markets and guess what.
Looks to me they will collapse the USD.
Russia’s sovereign debt default date is March 16. Putin doesn’t have the dollars to pay the two interest payments due on that date.
I blame DC and neocons for chest bumping us into this war on behalf of the Nazis running Ukraine, DC’s and Biden’s corruption ATM.
Why pay anymore bills then. Invest in Vodka instead.
Indeed. Folks are worried about those migs....More countries are driven to war over economic reasons......blockades, sanctions, devaluations.....
“You mean Russia won’t pay money to the people launching a world war on their economy? WOW...”
Too funny. You have no idea what this means and how it translates to destroying the Russian economy more thoroughly than any bombing raid ever could.
All because Putin’s colossal ego wants an empire.
“Putin doesn’t have the dollars to pay the two interest payments due on that date.”
You need to wake up. Even if he HAS the cash, he won’t pay it. We seized hundreds of billions in cash they had in the west.
They aren’t going to pay us for that. And why would they?
Will it ruin his chances for future loans and businesses in Russia? We already said they are cut off from our system.
Putin pulled the trigger. Just like Alec Baldwin.
I know that is a bad thing, but what bad things would happen?
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