Posted on 04/11/2022 10:31:10 AM PDT by C210N
“I don’t really think Biden is the one pushing the sanctions that hard. It think it’s Boris Johnson. The Democrat House is pushing harder than Biden is. Could be wrong. Change my mind.”
Why would I want to do that? I agree with you.
Gold has value and rubles don’t. Got it! Thx!
Importantly, the mortgage holder in this case can’t foreclose on anything and is out of luck. So the natural course of action should be for the mortgage holder to get all over the bank’s ass to fix the problem.
That’s what I was thinking.
And when the bank refuses to fix the problen, the mortgage holder is going to think long and hard before ever lending money to Russia or any countries like Russia ever again.
ever ever.
According to www.usdebtclock.org/gold-precious-metals.html, gold is worth $18,389 fiat FED/IMF inflated dollars per ounce.
This is more like you get thrown in prison after getting caught committing a violent home invasion and then can’t access your checkbook to pay your bills. BAD CHOICES HAVE BAD CONSEQUENCES.
I agree. In any case the US is importing more barrels than before the invasion so obviously one of them isn’t.
When does Russia start nationalizing all unfriendly assets within their borders? I’m sure we are going to find out many billions of American consumer pension funds have just been sacrificed on the sanctions alter.
Sure, but the effects are the same.
This is a message to the world. The USA has the ability to make any bond worthless. That will make everyone reluctant to lend to countries that are not our friend, and will increase the borrowing costs of enemy nations.
Calling what we have as Leadership is entirely too generous.
Yeah, or after getting arrested you had to pay an expensive retainer to a lawyer and didn’t have enough to pay the mortgage too.
Of course Russia allegedly had a lot of gold reserves. Maybe they can negotiate paying their obligations with gold.
The claim is that Russia has linked the ruble to gold. LOL let me know when the gold window opens and people are actually able to walk away with gold.
But if the Ruble is convertible into gold as they now claim, then they shouldn’t have a problem paying in gold.
Thank you! Not hard to see that gold is a good thing to have around! Maybe some silver too!
Russia could have made the interest payments on their debt.
Yet they chose to default.
Why...
The whole thing is a clown show. The smart investor may be the one who takes the payments in rubles no matter what S&P says about a “default.”
Russia is a backward economy with a declining population. Their best future is as a vassal state of China.
Laughable as the USA is closing in on a 29,000,000,000,000 national debt.
They might get luck, but betting that Russia keeps it’s promise to convert Ruble’s into gold is like betting that Russia meant what it said when Russia claimed to have no intentions of invading Ukraine.
And that’s even if you can somehow get around the sanctions to be able to convert it into gold and then get the gold out of Russia safely.
Is that how it worked out for the truckers in Canada?
Obviously not or they would pay their debt with gold.
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