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Fitch cuts Russia's rating, says debt default imminent​
National Post Reuters ^ | 3/8/2022 | Taru Jain

Posted on 03/08/2022 5:01:55 PM PST by marcusmaximus

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To: marcusmaximus

“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.


21 posted on 03/08/2022 5:19:01 PM PST by dennisw
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To: MercyFlush

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.


22 posted on 03/08/2022 5:19:15 PM PST by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: marcusmaximus

Economically destroying Germany after WWI really taught them not to act up again, didn’t it?


23 posted on 03/08/2022 5:20:04 PM PST by mikey_hates_everything
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To: marcusmaximus

If Fitch was honest they would degrade our rating as well.


24 posted on 03/08/2022 5:20:53 PM PST by poinq
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To: marcusmaximus
Play stupid games, win stupid prizes.

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.

25 posted on 03/08/2022 5:21:20 PM PST by Fury
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To: Fury

Not flippant. It’s the truth.


26 posted on 03/08/2022 5:24:25 PM PST by marcusmaximus
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To: crz

Besides all that, and the gold they hold,


dont forget the uranium the Clintons GAVE them.


27 posted on 03/08/2022 5:28:03 PM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: crz

“ 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


28 posted on 03/08/2022 5:28:35 PM PST by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: DesertRhino

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.


29 posted on 03/08/2022 5:29:04 PM PST by Alberta's Child ("Mr. Potato Head ... Mr. Potato Head! Back doors are not secrets.")
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To: marcusmaximus

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?


30 posted on 03/08/2022 5:29:29 PM PST by Fury
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To: marcusmaximus

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.


31 posted on 03/08/2022 5:29:43 PM PST by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: marcusmaximus

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!


32 posted on 03/08/2022 5:30:15 PM PST by McCarthysGhost (q)
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To: Alberta's Child

Well stated, exactly.


33 posted on 03/08/2022 5:30:38 PM PST by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: crz

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”?


34 posted on 03/08/2022 5:31:48 PM PST by griswold3 (When chaos serves the State, the State will encourage chaos)
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To: Fury

Don’t know. We’ll find out in a week.


35 posted on 03/08/2022 5:33:01 PM PST by marcusmaximus
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To: PeterPrinciple

Heck ya..Thx I plumb forgot about that.


36 posted on 03/08/2022 5:37:05 PM PST by crz
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To: griswold3
Well China does hold a hell of a lot of physical gold I guess. Take that along with Russian gold and they can start a precious metal backed currency actually worth something.

And THAT would collapse all the funny money in the whole world in time.

37 posted on 03/08/2022 5:40:29 PM PST by crz
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To: marcusmaximus

lots of Putin’s dollars are in accounts that have been frozen


38 posted on 03/08/2022 5:42:07 PM PST by RockyTx
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To: crz

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


39 posted on 03/08/2022 5:45:22 PM PST by LVS1
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To: marcusmaximus

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.”


40 posted on 03/08/2022 5:45:23 PM PST by unclebankster (Globalism is the last refuge of a scoundrel)
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