RUSSIA DEFAULTS ON DEBT

floridafan said:
The agreement called for payment in dollars, Russia does not have dollars. Its called playing hardball with a country that chose to start a war.
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And Russia has the ball here. They can simply choose to ignore that particular bond and default on it. It is not going into general default.
 
Into the Night said:
Democrats, actually. A lot of Republicans too (especially RINOs).

It won't be a debt crash. It will be a cash crash. The government has chosen to pay off its debts with funny money printed more and more. The dollar is falling in value because of it. This is the direct cause of the high inflation rate you see now.

It is the direct cause of higher fuel prices. Limiting fuel production is another. That cascades through every product.

The Federal Reserve is keeping interest rates artificially low. They are trying to stimulate the economy by making money easier to obtain. It won't work. The money is just printed to sustain the whole party.

It will be a cash crash, not a debt crash.


China will descend into civil war. There is no turning back now. All those people welded into their apartments and shouting out the windows? That's an army, dude. An army against the government. No amount of regular troops can defend against what the government itself has created. It's only a matter of time.

Putin's war with Ukraine ain't going so well. It's not the pushover he thought it was going to be. Further, more and more nations are allying against Russia. There is still a potential of WW3.

War is expensive. The Oligarchy cannot fight it. They are broke. The only way at all is to print MORE money to pay for it. Hyperinflation. The dollar will be abandoned. The government can't stop it now.

It will be a cash crash. Worse, it will be a cash crash worldwide. The world has never been here before, with most every nation on fiat currency. It's a race to the bottom. The winner loses first.
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we are within sight of not being able to print enough money to sustain the house of cards.
The Fed has no choice but to up the rates are quickly as well as to sell off its 6 trillion balance sheet. There is nobody left to buy that 6 trillion. That be a problem.
 
Into the Night said:
If you couldn't redeem your gold, the gold certificate was not a gold certificate. It was fiat money.
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but it was considered a gold backed currency for nations.

the dollar started as a hard currency. it went bad when it went fiat. and the fed and stuff.

the creature from jekyll island.
 
Into the Night said:
Fascism is not any corporation. Fascism is government manipulation of markets.

Corporate welfare comes from government. Yes. That is fascism when it happens.

Came from government. Yes. That was fascism.

Heed your own advice. Inversion fallacy.
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it's corporatism, not one specific corporation.

you're strawmanning.

dismissed.
 
Celticguy said:
we are within sight of not being able to print enough money to sustain the house of cards.
The Fed has no choice but to up the rates are quickly as well as to sell off its 6 trillion balance sheet. There is nobody left to buy that 6 trillion. That be a problem.
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Did you ever complain when Donald Trump ran up the largest 4 year deficit in our history????
 
floridafan said:
Sorry, I dont believe that.
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And I dont believe you are a Florida Fan. One is as meaningless as the other.

This country has been spending WAY TOO MUCH money for generations. Not a dem/GOP thing, they all do it.

DJT did not spend us into spiraling inflation, Pedo Joe did.
DJT did not inspire war in Ukraine, Pedo Joe did.
 
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