RUSSIA DEFAULTS ON DEBT

https://www.investopedia.com/ask/answers/09/gold-standard.asp


ECONOMY MONETARY POLICY
What is the Gold Standard?
By NICK LIOUDIS Updated March 04, 2022
Reviewed by MICHAEL J BOYLE
Fact checked by MARCUS REEVES
The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price. That fixed price is used to determine the value of the currency. For example, if the U.S. sets the price of gold at $500 an ounce, the value of the dollar would be 1/500th of an ounce of gold.


The gold standard is not currently used by any government. Britain stopped using the gold standard in 1931, and the U.S. followed suit in 1933, finally abandoning the remnants of the system in 1973.1
 
zymurgy said:
thanks for proving you are braindead and ignorant of American history

it's called the nixon shock retardo. learn something for once shit tard
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Asking you to back your take on this history with facts is logical


I have done so at every turn


You have used your opinion


Fuck off
 
Why did all nations leave the gold standard at the begining of the computer/Information Age?


Because they were not an idiot like you
 
evince said:
Asking you to back your take on this history with facts is logical


I have done so at every turn


You have used your opinion


Fuck off
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you wonder why pretty much the entire forum has you on ignore?

this is why. you are waste of time and energy,. a mouth breather

America made a promise and reneged. Russia made a promise and reneged

now fuck off - back to ignore with you - a loser on these forums
 
zymurgy said:
you wonder why pretty much the entire forum has you on ignore?

this is why. you are waste of time and energy,. a mouth breather

America made a promise and reneged. Russia made a promise and reneged

now fuck off - back to ignore with you - a loser on these forums
Click to expand...



Link?



You sound like an 8 year old



Nobody likes you

Everybody hates you


Just go eat a worm


Grow the fuck up
 
How can Russia being defaulting on debt, why on this forum I read several posters say that the sanctions are having zero effect on Russia and that its oil sales are making them billions that they never made before the war started?
 
archives said:
How can Russia being defaulting on debt, why on this forum I read several posters say that the sanctions are having zero effect on Russia and that its oil sales are making them billions that they never made before the war started?
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They don’t understand capitalism I guess
 
zymurgy said:
we obviously will at some time. at some point, the interest on our debt will be such a burden, we will have to unilaterally default again to ensure survival
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no. i mean boycott china to the point they default like the world is doing to russia.

i would argue the chinese totalitarianism, genocide, surveillance state and human slavery is a worse cancer in the world.
 
AssHatZombie said:
no. i mean boycott china to the point they default like the world is doing to russia.

i would argue the chinese totalitarianism, genocide, surveillance state and human slavery is a worse cancer in the world.
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TPP would have given us the leverage to reel China in when we needed to
 
archives said:
How can Russia being defaulting on debt, why on this forum I read several posters say that the sanctions are having zero effect on Russia and that its oil sales are making them billions that they never made before the war started?
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sanctions that make oil more expensive on the global market will benefit Russia. that is axiomatic. not all the sanctions involve oil trade - and these other ones - like their inability to even acquire dollars - or liquidate their holdings - is causing them problems
 
zymurgy said:
sanctions that make oil more expensive on the global market will benefit Russia. that is axiomatic. not all the sanctions involve oil trade - and these other ones - like their inability to even acquire dollars - or liquidate their holdings - is causing them problems
Click to expand...

So the sanctions then are crippling the Russian economy such to the extend that they are beginning to default
 
zymurgy said:
sanctions that make oil more expensive on the global market will benefit Russia. that is axiomatic. not all the sanctions involve oil trade - and these other ones - like their inability to even acquire dollars - or liquidate their holdings - is causing them problems
Click to expand...

Promoting alternative energy

More sanctions on Russia until they stop stealing land and murdering people is the only sane plan
 
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