Posted on 03/08/2022 5:01:55 PM PST by marcusmaximus
I don’t know. I think Brandon is going to find a way to help Putin miraculously make the $100 million in debt payments next week. We’ll see.
China and Iran, two countries having their very own serious financial and socio economic woes. That is likely not going to make a strong economic bloc along with Russia.
The deal is..they dont have to load that stuff on ships.
They’ll put it on rail and ship it. Gotta go see what the rail network is that way.
BTW, they will shore up the NORKS to just be another thorn is everyones side.
Putin effd up. He let his demented grand delusions get to him. He could have collapsed the whole thing financially.
Simply make the deal with China and Iran and then spring the trap. Shut off all the exports to us and the western Europe countries, etc. No invasion would have been necessary.
The man has gone plain wacko. That is the scary part.
Really? Brandon is making the deal to ship cartloads of money to Iran. China already owns president poopy pants and the cabal in DC.
They are laughing their asses off at us.
Russia has the most natural resources of any one country and it isn’t even close. As far as owing debt, their government, sovereign debt is very low.
They could pay but will leverage nonpayment for concessions on these idiotic sanctions being thrown around like confetti.
The companies that’ll make a financial killing in Russia over the next 5 years, will be the one that can work around sanctions.
Which they will because the globe needs resources and Russia has them in spades.
exactly..
I should just add I don’t like the Russian form of government or Putin.
However, I believe the best diplomatic relationships start by showing respect and listening. Even if an agreement or treaty can’t be reached its a starting point.
The morons in our State Department know Putin is obsessed over Ukraine and have known his position for years.
So naturally they offer Ukraine NATO membership without a guideline to get their. Leaving Ukraine hanging out to dry, with a pissed off Putin ready to go to the brink.
If Clinton would’ve won in 2016 this war would already have happened. Its been in the works for years.
Ruble payments are a de facto default
Credit default swaps.
Who holds the steaming bag??
That’s an interesting perspective. Why is that?
The Ruble is worthless
It's worthless outside Russia -- which gives Russia a big incentive to pay debts in rubles. It may have some value in Russia.
I'm not sure why the denomination of a debt payment would be a matter of discussion. If the Russian government issued bonds denominated in rubles, then why would the holders of those bonds expect to be paid back in anything other than rubles?
I’m going by a discussion I heard on Bloomberg. The discussion related to payment of the Bonds in Rubles. The inference may have been that the market would consider it a default
OK -- I see.
U.S. debt is rated by at least one of the rating agencies the same way. They don't rate it based on the probability of default (since it's assumed the U.S. government will never default on its debt), but on the extent to which the purchasing power of the debt will be eroded by the time interest payments are made and the debt is repaid far into the future.
Sounds like the same approach is being taken for ruble-based debt.
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