Posted on 04/06/2022 11:59:52 AM PDT by hardspunned
Russia edged closer to a potential default on its international debt on Wednesday as it paid dollar bondholders in rubles and said it would continue to do so as long as its foreign exchange reserves are blocked by sanctions.
The United States on Monday stopped Russia from paying holders of its sovereign debt more than $600 million from frozen reserves held at U.S. banks, saying Moscow had to choose between draining its dollar reserves at home and default.
Russia has not defaulted on its external debt since reneging on payments due after the 1917 Bolshevik Revolution, but its bonds have remerged as a flashpoint in the diplomatic crisis and sanctions tit-for-tat between Moscow and western capitals.
(Excerpt) Read more at newsmax.com ...
Default is meaningless now. With the western theft of 650 billion in their cash and gold, and the cutting them off from the western financial system, it just doesn’t matter now...
Except I suppose it will matter in a big way to the banks and hedge funds with exposure. And god only knows what kind of derivatives and default swaps these exposed funds have.
But don’t worry, this won’t affect our banking or economy at all. We can just print off a few more trillion anytime we need. MMT says its not inflationary. Just ask em...
he says they are backed by gold, are they convertible ???
So repo their tanks and migs. Sheesh!
Ok so whatās the problem? We maintain the western paper currency empire, and Putin maintains the Commodities- and gold-backed empire, and we all get along. Are we backing the wrong horse in this New World Order derby?
Only in Russia.
I wonder what the value of western assets in Russia that could nationalized is?
You donāt understand how frozen assets work, do you.
For Godās sake, the pallets of cash send back to Iran after 30 years were hEIR frozen assets.
No one is āspendingā their money or moving their gold.
Get a clue about stuff works before you make stupid comments.
I don’t know about that. But it’s obvious the financial cooperation is over until there is either a world war, the economic collapse of the US, or the collapse of the Russian government and the installation of a WEF guy.
All of this is to cover for the DC party crashing our economy and changing our government into an American version of China with its social credit score, universal surveillance, and centralized neo-fascist arrangements.
Wake up. This is not the Iran asset freezing of over 40 years ago. That happened in the prism of the cold war and the Russian war in Afghanistan. There were limits to how far we would go lest we find Iran going into an alliance with the Russians.
This is a different animal and it is already being discussed to use “frozen” Russian assets for neocon purposes.
https://www.politico.com/news/magazine/2022/03/02/frozen-russian-assets-humanitarian-relief-00013286
A basic income for Ukrainian people.
https://www.ft.com/content/50aae1a2-088a-47f9-b936-30fa02cf03de
To pay for Stingers and other assistance.
Use for a miriad of Ukrainian projects since their ability to raise band money is limited.
This isn’t 1979, and DC and the west is no longer under the rule of law. They do intend to seize this cash and gold. Get a clue about how stuff works before you make stupid comments.
and then, you can’t take it out of the country...
Compliments. Itās rare to find someone who sees the reality of the situation.
You are delusional. In the US what you are talking about is illegal.
Go back to the motherland. They will be drafting you soon.
The DOD was found to be 20 TRILLION short, too. A lot of people claim it’s the source of funding all their black projects, like suppressing the price of gold and silver, for one.
OMG ā¦ā¦this is illegalā¦. You say, LOL, LOL, LOL you honestly believe these people care about legality REALLY!!! Our borders being WIDE OPEN is illegal do they give a shit NO! What Hunter did was absolutely illegal do they give a shit NO!!
Force Majeure, not a default.
Does our Brandon ClownMedia EVER stop lying?
We’re on the wrong side of the Digital Curtain - trapped with the Tyrant TechnoDicktaters who can destroy your life on a whim.
The politicians will make up all sorts of stuff. And you guys believe them.
Go talk to a banker and ask them how the people in International settlements act.
You guys read too much shit on the internet. Find out how stuff really works.
I donāt see how, after all if you owe a little debt, youāre a slave to your creditor. If you owe a lot of debt, the creditor is your slave. Seems to me the US and our dear old ally Russia hold all the cards. Where am I going wrong?
Those most hurt by this are not Russian.
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