US Pushes Russia to the Brink of Default
Please consider US pushes Russia to the Brink of Default
Russia is in imminent danger of default after the United States cut off the country’s ability to pay its debt using frozen dollars sitting in American banks.
Q: Who is Russia defaulting on?
A: Primarily European companies but US companies as well.
Essentially, the US is forcing Russia to not pay its bills which means Russia keeps its Euro and dollar reserves.
How Silly is This?
From a practical standpoint, the US should want Russia to diminish its reserves as quickly as possibly.
Instead, US policy will force Russia to keep its reserves.
What About Legality?
Assuming Russia defaults, the US will have forced that outcome. How can this possibly be legal?
And if it’s not legal, a court of law should rule the US will have to foot the bill for any damages it caused Russia.
Many people will like the result, assuming the US is not held liable. But we are supposed to be a nation of laws.
This is another step down the road of illegally weaponizing dollar to suit political needs. Nothing good can come from it.
Unmistakable Message
Team Biden continues its unmistakable message to China, Saudi Arabia, Russia, well actually everyone
- We can make your fiat reserves worthless overnight
- Buy gold
- Buy base metals.
- Hoard things you have everyone needs.
For discussion please see What Does China Do With a Dollar That’s No Longer Risk Free? Buy Gold?
This post originated at MishTalk.Com.
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And what about Derivative Market Defaults?
“Russia is in imminent danger of default after the United States cut off the country’s ability to pay its debt using frozen dollars sitting in American banks.”
“Q: Who is Russia defaulting on?
“Essentially, the US is forcing Russia to not pay its bills which means Russia keeps its Euro and dollar reserves.”
“From a practical standpoint, the US should want Russia to diminish its reserves as quickly as possibly.
Instead, US policy will force Russia to keep its reserve”
‘Assuming Russia defaults, the US will have forced that outcome. How can this possibly be legal?”
“And if it’s not legal, a court of law should rule the US will have to foot the bill for any damages it caused Russia.”
“Many people will like the result, assuming the US is not held liable. But we are supposed to be a nation of laws.”
liens on Russian property outside of Russia like ships, real estate and
basically anything. This makes it very dangerous from a legal point of
view to contract with any Russian company.
using the legal system to punish Russia to keep them from taking over
Ukraine and somehow you want us to pay Russia, a nation whose respect
for law is inexistent reparations??
at war to establish a lien on the asset of a country who has defaulted
on your bond.
dollar debt payments that are coming due. This is not a good idea.”
Q: Who is Russia defaulting on?
A: Primarily European companies but US companies as well.
Yellen was pressed multiple times by lawmakers Wednesday about whether the United States should go further in its actions against Russia. She warned the U.S. needs to be careful not to take a unilateral approach to the country as allies have been critical in the success of actions taken against the country thus far.
Yellen said she believes sanctions as well as export restrictions have deprived Russia of the “war chest” they were counting on.
“I do believe the sanctions are having a devastating effect on Russia,” Yellen said. “Russia has become almost completely isolated from the international financial system.”
Rubles that used to by food and imported goods, but barely cover food now.
They are strictly for PR purposes…
Another kooky cultist making up kooky konspiracies so they don’t have to reconcile their mancrush on the guy that swindles them.
Major breakthrough! Criminality is Freedom! How could I be so oblivious to the teachings of Obese Orange?