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Title: Sri Lanka Warns Of Foreign Debt Default To Save Dollars Amid Socio-Economic Crisis
Source: [None]
URL Source: https://www.zerohedge.com/markets/s ... ars-amid-socio-economic-crisis
Published: Apr 12, 2022
Author: Tyler Durden
Post Date: 2022-04-12 19:02:39 by Horse
Keywords: None
Views: 171
Comments: 1

The "unprecedented default and halted payments on foreign debt" is a move "to preserve its dwindling dollar stockpile for essential food and fuel imports."

Poster Comment:

Putin could make mischief by offering Dollar Debt cancellation to anyone willing begin with a clean slate and trade in rubles and yuan alone.

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#1. To: Horse (#0) (Edited)

Putin could make mischief by offering Dollar Debt cancellation to anyone willing begin with a clean slate and trade in rubles and yuan alone.

For a while now, the FED has been buying up all the short-term Notes being sold into the secondary markets by China and Brazil.

Inflation rates are so high now that soon restaurants will be taping prices on menus the way they were doing in Venezuela to save on the cost of printing new menus since prices were changing so rapidly. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2022-04-12   19:12:00 ET  Reply   Trace   Private Reply  

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