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.
#1: BTP Holdings To: Horse (#0)
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. ;)
BTP Holdings posted on 2022-04-12 19:12:00 Reply Private Reply