We’ll be going through a default stage very soon!!
Russia has already led the way forward on defaults.
They have more international bond debts due fairly soon with an estimated probability of 95% defaults.
You are ignoring the 800lb gorilla in the room.... they are defaulting because of frozen assets and trade embargoes... not because they are broke and produce nothing! You liberals are a special kind of stupid. Hard commodities versus fiat money... hmmm seems real goods has value... worthless fiat, not so much. Your boy Biden is playing a dangerous game and we the people are just beginning to suffer from it
irfubar: You are correctly assessing the situation. Russia is not broke, but we are.
Patriotism (and religion) is the last refuge of a scoundrel.
