The economic blitzkrieg against Russia has failed

a reply to: RussianTroll

What on earth is going on in your head?

Free to agree with Putin, that's about it.

originally posted by: RussianTroll
a reply to: ScepticScot

Morgan Stanley has already predicted a default in Russia on April 15th. It seems that Western forecasters and analysts use the services of soothsayers and psychics))))


wishful thinking)))

No magic powers needed.

Just analysis of Russian actions.

originally posted by: Freeborn
a reply to: RussianTroll

What on earth is going on in your head?

Free to agree with Putin, that's about it.

I can ask you the same question. You yourself built an "iron curtain" in the world and now you live behind it, reveling in past illusions.

originally posted by: ScepticScot

originally posted by: RussianTroll
a reply to: ScepticScot

Morgan Stanley has already predicted a default in Russia on April 15th. It seems that Western forecasters and analysts use the services of soothsayers and psychics))))


wishful thinking)))

No magic powers needed.

Just analysis of Russian actions.

What analysis? Better just look at the prices of gasoline at your gas stations, gas and electricity in your apartments, and compare with prices in Russia.

a reply to: RussianTroll

Russia technically defaulted by not paying in US dollars as outlined in the contract for the loans that were being serviced. Yes they tried to pay in Rubles, however the Loan providers are under no obligation to take it in anything other than US Dollars. Therefore yes, it was a default. That said Russia has till May 5th which is when the grace period ends to pay in Dollars. If they can't they go into Strategic Default. This means that their credit rating world wide goes to the bottom. Now Banks, and Industry can still technically borrow, however the Russia Government will not. That means that they can revolve debt, take on new debt, or move debt around unless the pay. Think of this like using your debit/credit card vs paying cash. This is how this would impact the Russian government. They have 100's of thousand's of different debt vehicles, and now they can't pay them unless they pay cash upfront, or utilize a russian bank, which technically they can, however the bank needs to have liquidity in order to do this. Long term, it will struggle to perform this, whether its the central bank of Russia, or if its National Banks in Russia. Bottom line is you are correct, they may be able to do this, however the chances are higher that they may not and cause issues with payments to the people. Not saying it can't be done, just saying that Nationally it will be hard to do. Internationally, China and India are still not Sanctioning Russia. Therefore those nations combine with NK, Brazil and SA are still technically trading internationally with Russia. This gives Russia a strategic advantage, as they can still sell resources through those nations, circumventing sanctions and they can still sell directly to them. Until India and China join the sanctions, the sanctions on Russia and their banking industry will only be marginal at best. I don't think it will be roses and butterflies as you lead to believe, but a recession is definitely in the works, just not a depression and a collapse as the west was hoping for.

Camain

originally posted by: RussianTroll

originally posted by: ScepticScot

originally posted by: RussianTroll
a reply to: ScepticScot

Morgan Stanley has already predicted a default in Russia on April 15th. It seems that Western forecasters and analysts use the services of soothsayers and psychics))))


wishful thinking)))

No magic powers needed.

Just analysis of Russian actions.

What analysis? Better just look at the prices of gasoline at your gas stations, gas and electricity in your apartments, and compare with prices in Russia.

Because energy prices are the entirety of the economy?

The russian economy is smaller than Italy's. In the big scene of things its an economic backwater.

The idea that the current situation is going hurt other countries more than Russia is fantasy.

a reply to: camain
This is all verbal balancing act. In reality, the United States did not set up Russia, but its own investors, its own citizens and corporations, who do not receive their income in dollars, but receive in rubles, since accounts in Russian banks are opened in their name, where their dividends are received in rubles. But the US government forbids its citizens from taking these funds. But this is the problem of the USA, not Russia.

The world economy and Russia are not interested in the US machinations with their currency, thereby destroying it themselves as a reserve.

a reply to: ScepticScot

The share of the real economy in the country's GDP is about 50% in Russia, 45% in China, about 8% in the US, and 5% in Britain.
Inflated financial bubbles are not an economy, you can’t fill a car with them, you can’t put them in your mouth and, I’m sorry, you won’t wipe your ass with them))))

originally posted by: RussianTroll
a reply to: ScepticScot

The share of the real economy in the country's GDP is about 50% in Russia, 45% in China, about 8% in the US, and 5% in Britain.
Inflated financial bubbles are not an economy, you can’t fill a car with them, you can’t put them in your mouth and, I’m sorry, you won’t wipe your ass with them))))

If such a small % of the economy is 'Real' then strange how the US & UK economies are more stable and provide higher standard of living.

a reply to: anonentity

For average GDP, Italy is pretty standard these days. In terms of old money, legacy of its Empire, the Vatican and Mafia, it has a strong reputation and some influence. With the global economy getting messier as any weak spots are exploited, some back room adjustments can keep it running for a while, but creating its own problems with the growing level of it.

In some ways I can see how these globalists types would like data integrity on their systems, With big trust issues already on many fronts, Volunteering to enter with the current psychopaths in charge is hesitant. Just what safe guards will be in place? With the current level of censorship and nefarious activity going on with these UN types, How will a CBDC not get exploited and become a big slush fund for their programs? Could this group take on the power of Blackrock and its buddies, or will it just become another front for them?

As for the rest of us, soylent green and crickets looks to be on the menu if it goes this way. With many cryptos out there, there is a lot of competition running already for which one, if any will rule them all.

originally posted by: alldaylong
a reply to: RussianTroll

You're right. But at what cost? Just yesterday, statistics were published for Britain, economic condition had deteriorated significantly.

So has most most of the world. Rising inflation due to the impact of Covid.

in Britain they are subjects of the queen.

My British Passport states i am a British Citizen. I suppose not many Russians have passports.

Covid didn't cause inflation.
Printing money caused inflation.

a reply to: RussianTroll

apples and oranges. Yes technically, you are right, The USA by sanctioning Russia and not allowing payment in Rubles forces Russia to default, and yes those that hold the loans will have to write it off so yes, you are correct in that those that hold Russian loans now have a liability. However the difference is those banks can take the write off, it will lower their returns for 1 quarter, then its back to business as normal. Long term, When Russia attempts to get a loan, those loans will be at HIGH interest rates, which means that they will struggle, IF they can even get the loans at all. They are basically closed off from the developed world which does tremendous amounts of investment. That said, they can still go through India and China, and as long as that is the case, while the interest on those loans will be higher, at the end of the day Russia can get those loans. It just means that eventually Russia becomes a vassal to India and China. India in my opinion would treat Russia fairly, the chinese though........ good luck with that. China is only interested in China and whats best for China. If China becomes to top nation in the next 10-15 years, the world dynamic will fundamentally change. Right now do you honestly think that even with all the corruption in the west the corruption within a Chinese dominated world would be better? I do not. That said I am an american, so I think and act like an american. I think Chinese would have a different opinion of course, as do you, as a russian, have a different opinion. Here is the thing. are we as a world better off than from 2000, I say no, we are not. Has mistakes been made all the way around, yes they have. Russia should have been brought into the EU and NATO fold to be honest, then these issues with Ukraine, and spheres of influence, etc would not matter. Russia is trying to maintain a sphere of western Asia, when they could have been a partner in the entire world. Right now that concept is 30,40, 75 years down the road now. At the end of the day, Russia will trade resources to China, and China comes out stronger as a result. Russia will only grow slowly going forward, and they definitely will not out pace inflation, which will degrade the standard of living. The USA and Europe will suffer for the next 10 years, but eventually they will get out of the inflation too. Here is the bottom line, When is Russia leaving Ukraine? How much of Ukraine will they try to take, and what will the ramifications be of taking parts of Ukraine? You can not look at just one issue without looking at the whole. NATO and EU will be stronger, whats left of Ukraine will join EU and eventually NATO, as will Finland and Sweden. Serbia will eventually come under EU as well. Additionally, Russian border countries will be leary of Russia, as the reality is when they can't expand west, where will they expand?

Camain

a reply to: RussianTroll

We are kind of stuck on a 700 odd mile long island, so there is that.

Passports help matters there.

Freedom is never free RussianTroll.

Here in the UK all the same, we are about as free as the illusion allows.

Same with plenty of other nations around the globe.

Don't know if you can claim the same through aka 15 year gaol sentences, or at least the threat of, for people who dispute Putin's ""special military operation"" or calling it what it really is aka invasion under false pretence.

a reply to: RussianTroll

You yourself built an "iron curtain" in the world and now you live behind it, reveling in past illusions.

Please do elaborate, you've got me intrigued.
How have I 'built an iron curtain'?

a reply to: RussianTroll

Why would be need an ""iron curtain"" RussianTroll we have the English channel and surrounding seas to shield our beloved isles from invasion.

Now as to "iron curtains" seems to me Mr Putin is the one that got that old thing out the cupboard.

Hundreds of Russian and Belarusian Trucks are right now in Poland border trying to get back where they came from before more sanctions are going to hit hard ( i can see due the amount of stuck trucks there .. )

STUCK

Wish I could get a 20% interest rate loan on the investment property I am looking at instead of the measly 3%+ they are offering me since the bank I'm using isn't sanctioned.

Really curious to see Russias economy after the EU and US, Russias biggest customers, phases out all Russian fuel sources.

originally posted by: RussianTroll
By the way, you are always the first to appear under my topics. It seems that you do not sleep and follow my posts around the clock))))

Almost like the CIA has a staff of 8 rotating agents trying to derail every thread you post. LOL

The US Gooberment has money to burn. Taxpayer money. Anything to keep their narrative alive and spinning. Anything to keep the truth under the covers.

RT: No one can trust the MSM anymore. And the MSM's support for the Democrat's Propaganda Machine is apparent to anyone who isn't a brainwashed lost cause. [SNIPPED]

They're scared of you!! Keep posting!!

originally posted by: RussianTroll
a reply to: Freeborn

Now Russia is the freest country in the world. You live in captivity of the old notions.

As long as you're not a journalist, anti-putin activist, or homosexual/LGBTQ.