Current Events > Russia soon unable to pay its debts, warns agency ~ Default is imminent

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solosnake
03/09/22 8:37:29 AM
#1:


https://www.bbc.com/news/business-60672085


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UnfairRepresent
03/09/22 9:31:48 AM
#2:


This is why there's no Russian Lannisters

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Irony
03/09/22 9:32:23 AM
#3:


Nice

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LazLemon
03/09/22 9:37:42 AM
#4:


Obviously I understand this completely because I'm a very smart fellow but maybe somebody could give me a nice concise explanation for my two year old who was asking about this morning - what is likely to happen in real terms if Russia is unable to pay its debts?

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Squall28
03/09/22 9:39:01 AM
#5:


Why can't they raise their ceiling like us?

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Alteres
03/09/22 9:39:26 AM
#6:


Countries, even those that arent sanctioning them, wont do business with them unless paid up front.

Thats unlikely to happen, so Russia will have a lot of problems.

*edit, they will also have to dip into their foreign currency reserves every time they do that

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jumi
03/09/22 9:39:34 AM
#7:


Putin gonna end up just like his buddy Trump.

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Irony
03/09/22 9:40:15 AM
#8:


LazLemon posted...
Obviously I understand this completely because I'm a very smart fellow but maybe somebody could give me a nice concise explanation for my two year old who was asking about this morning - what is likely to happen in real terms if Russia is unable to pay its debts?
Nothing because the ruble is already worthless

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MFBKBass5
03/09/22 9:41:10 AM
#9:


jumi posted...
Putin gonna end up just like his buddy Trump.

with Russian prostitutes pissing on his face?

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JuanCarlos1
03/09/22 9:41:39 AM
#10:


Wont this have a ripple effect on the global economy?

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Mist_Turnips
03/09/22 9:43:21 AM
#11:


I'm the debt collector. I'll have to collect 5 hot Russian ladies now. I'll be back for my 10 hot Russian ladies tomorrow.

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Jiggy101011
03/09/22 9:43:23 AM
#12:


Neither can the USA

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Rayman2943
03/09/22 9:43:48 AM
#13:


Mist_Turnips posted...
I'm the debt collector. I'll have to collect 5 hot Russian ladies now. I'll be back for my 10 hot Russian ladies tomorrow.
Bruh

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jumi
03/09/22 9:47:57 AM
#14:


MFBKBass5 posted...
with Russian prostitutes pissing on his face?

...yes. But also defaulting on debts and with terrible credit.

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kingdrake2
03/09/22 9:50:36 AM
#15:


jumi posted...
terrible credit.


they'll soon be like some americans with terrible credit.
but on a much worse scale.

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Jiek_Fafn
03/09/22 10:04:50 AM
#16:


Ukraine probably still has good credit. They should offer to buy all of Russias military equipment.

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Hullabaloo
03/09/22 10:07:49 AM
#17:


Imagine having a currency called a ruble. Its like they wanted rupees but didnt want to sound sillier. What a joke of a country.

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Guerrilla Soldier
03/09/22 10:08:51 AM
#18:


Hullabaloo posted...
Imagine having a currency called a ruble. Its like they wanted rupees but didnt want to sound sillier. What a joke of a country.

was this supposed to be a joke or just embarrassing? guess which one it ended up being?

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g980
03/09/22 10:10:59 AM
#19:


JuanCarlos1 posted...
Wont this have a ripple effect on the global economy?


maybe a little, but i think russian govt bonds have been like barely above speculative grade for a long time anyways, so presumably this is a scenario most holders have stress tested for

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Hullabaloo
03/09/22 10:12:15 AM
#20:


Guerrilla Soldier posted...
was this supposed to be a joke or just embarrassing? guess which one it ended up being?
Oh no. How will my mental health ever recover.

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Thompson
03/09/22 10:14:13 AM
#21:


Okay, who brought in the 6 karma account?

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#22
Post #22 was unavailable or deleted.
Hullabaloo
03/09/22 10:16:32 AM
#23:


Thompson posted...
Okay, who brought in the 6 karma account?
Deadpool_18

Russias currency is currently worthless with a silly sounding name.

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Drrobotniks
03/09/22 10:17:33 AM
#24:


Guerrilla Soldier posted...
was this supposed to be a joke or just embarrassing? guess which one it ended up being?
i chuckled at it, so
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Alteres
03/09/22 11:02:05 AM
#25:


Guerrilla Soldier posted...
was this supposed to be a joke or just embarrassing? guess which one it ended up being?
I thought it was going to be a ruble, rubble joke... but then it wasnt

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Questionmarktarius
03/09/22 11:03:48 AM
#26:


LazLemon posted...
what is likely to happen in real terms if Russia is unable to pay its debts?
Go look up what happened to Tzar Nicholas, about a hundred years ago.
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solosnake
03/09/22 2:06:06 PM
#27:


bump

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Tyranthraxus
03/09/22 2:09:38 PM
#28:


LazLemon posted...
Obviously I understand this completely because I'm a very smart fellow but maybe somebody could give me a nice concise explanation for my two year old who was asking about this morning - what is likely to happen in real terms if Russia is unable to pay its debts?

Any outstanding Russian bonds become worthless. Actually literally zero and not just less than one cent. The ruple may continue to have value but it means the Russian government will no longer be able to issue bonds so their entire federal budget has to be from taxes. Most likely lots of federal Russian benefits will just stop existing.

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J03can
03/09/22 2:34:59 PM
#29:


listen, I'm a paranoid guy and can be very anxious and pessimistic. whats to stop putin from being like FUCK IT and just sending all the nukes. not trying to fear monger, i just think very catastrophically in times like these

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UnfairRepresent
03/09/22 2:36:17 PM
#30:


JuanCarlos1 posted...
Wont this have a ripple effect on the global economy?
Yes

But not that much

It's not the US or China

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DarkRoast
03/09/22 2:38:11 PM
#31:


J03can posted...
listen, I'm a paranoid guy and can be very anxious and pessimistic. whats to stop putin from being like FUCK IT and just sending all the nukes. not trying to fear monger, i just think very catastrophically in times like these

The rest of the world, for one

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J03can
03/09/22 2:40:54 PM
#32:


DarkRoast posted...
The rest of the world, for one
the rest of the world cant "stop" him though, they can just follow up

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