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 ...
“Blame KGB Putin. He invaded Ukraine. Play stupid games, win stupid prizes.”
Senile Putin is the only man is Russia who wanted to invade Ukraine. Prematurely senile from his bout with Covid. His brain is rotted from a case of Long Covid. Which is rare, but has turned Bad Vlad into Sad Vlad the self-impaler.
Vlad’s Covid fears and paranoia, Vlad’s Covd “tell” is seen in all the photos where he sits 15-20 ft away from those Generals etc who come to see Vlad. Wherever he is holed up. You don’t see them but Vlad probably has large fans blowing away from him.
Hopefully he gets deposed soon.
Neocon idiots think it will be confined to Russia. I almost feel sorry for you.
Neocons have lit a fire hoping to burn down their neighbors house, and they never stopped to think the wind could shift and burn their house down too.
The destruction of our economy has already started in a dozen ways because of this economic war. It will likely collapse the dollar.
Economically destroying Germany after WWI really taught them not to act up again, didn’t it?
If Fitch was honest they would degrade our rating as well.
A pretty flippant statement, given the circumstances.
I’d be a little more circumspect about a country with the second largest number of nuclear weapons defaulting on sovereign debt. The law of unintended consequences has been in effect during this whole invasion. It does not end when the debt is defaulted on.
Not flippant. It’s the truth.
Besides all that, and the gold they hold,
“ China and Iran will take all the Russian Oil, gas, grains..”
China just inked a deal with Russia to take all the wheat they can deliver. Ukraine grows a hell of a lot of wheat.
Hmmmm
L
Exactly. I’m trying to figure out the downside for Russia in all this. The big global financial players have already wreaked havoc on Russia’s economy, so what difference does it make to the Russian government anymore? If anything, they’d be foolish NOT to default on their debt. Paying their debt obligations at this point would be like making your mortgage payments after the police have seized your home in a civil forfeiture case.
You’re making an emotional response.
Take the emotion out of your response. What do you believe will happen or the effects will be when Russia defaults on sovereign debt?
That might make sense, if the photographer was on Baldwin’s porch, organizing an armed mob against him on his lawn, and ignoring all of Baldwin’s warnings.
But it wasn’t that way.
When you owe the bank $1,000 that’s your problem but when you owe the bank, well, you know the rest. Look out below!
Well stated, exactly.
When Russia and China signed their Partnership compact in February 2022, I wondered if they had different ideas than Klaus Schwab on a “New World Order”?
Don’t know. We’ll find out in a week.
Heck ya..Thx I plumb forgot about that.
And THAT would collapse all the funny money in the whole world in time.
lots of Putin’s dollars are in accounts that have been frozen
I was just thinking the same thing. If those two counties launched a bi-metal currency (gold and silver) they could bring other counties into the mix. That could spell serious trouble for the global bankers… and US
The West: “Hey Russia we just kicked you out of the international financial system. Now pay your GD debt.”
The Russians: “Do you have an international clearing house where those payments can be made?”
The West: “Uh...Uh...We will get back to later when General Zelensky is done playing Braveheart.”
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