Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The Russian state can no longer afford to pay its own salaries
Business Insider ^ | 6 Mar 15 | Tomas Hirst

Posted on 03/06/2015 5:40:02 AM PST by elhombrelibre

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-27 last
To: elhombrelibre
The Russian state can no longer afford to pay its own salaries

Translation from libspeak...Russia slashes government spending.

21 posted on 03/06/2015 6:17:11 AM PST by mac_truck ( Aide toi et dieu t aidera)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mac_truck

Yeah, in your mind Putin’s a brilliant fiscal conservative and a paladin of the Christian faith. His time in the KGB was just a trick to take over the country and rid it of atheism. And he’s stoic without much wealth because it’s all about the public service. He’s not one of the richest men in the world. That’s a canard. He’s poorer than the Clintons. Ha. Truck, you’re always a hoot.


22 posted on 03/06/2015 6:21:38 AM PST by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: thackney

I assume no one wants to buy bonds or invest in their debt. Doesn’t that make sense? I know Putin has his Putinista fan club on FReeRepublic, but most people are well aware that Russia’s become a junk bond.


23 posted on 03/06/2015 6:25:03 AM PST by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: thackney
“I don’t understand how that relates to US having deficit spending and Russia cannot.”

What interest rate on a ruble-denominated Russian 10-year treasury bond would make you indifferent between buying it and a U.S. Treasury bond of the same duration? Your answer to that question will go a long way towards an understanding of the difference between our situation and the one in Russia.

24 posted on 03/06/2015 6:26:41 AM PST by riverdawg
[ Post Reply | Private Reply | To 19 | View Replies]

To: elhombrelibre; riverdawg

Thank you. I wasn’t thinking that all the way through.


25 posted on 03/06/2015 6:28:37 AM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 23 | View Replies]

To: thackney
We haven’t been able to meet our bills for decades. Why is this an issue for them and not us? Just continue the deficit spending.

The unique status of the US dollar as the world's reserve currency is what allows the US government to greatly expand its monetary base without serious consequences. Other countries must hold US dollars to conduct trade.

26 posted on 03/06/2015 7:31:15 AM PST by mac_truck ( Aide toi et dieu t aidera)
[ Post Reply | Private Reply | To 8 | View Replies]

To: mac_truck

Sort of taking advantage of the third world for our continued operation.


27 posted on 03/06/2015 1:10:48 PM PST by Western Phil
[ Post Reply | Private Reply | To 26 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-27 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson