Russia faces Defaulting on loans. Economy in full collapse.

[Esdraelon]

It is not anchored to anything tangible. Break that faith and the whole thing crashes down.

Yep, that's the final stop for this crazy train.

 

[White 6]

Your car runs on gas, not fiat currency. Same with the heat and electricity in your home. That's the same the world over. Every year the demand for energy and oil goes up. The West seems to have forgotten this. The US might be able to supply our own energy, but we all know Europe can't. They might learn a hard lesson, play stupid games and freeze your ass off.

Nuclear power generation is my favorite, followed by natural gas and then renewables such as hydro. I live in Tennessee.

By the way, I am retired, live in the city and do not commute. I'm good.

 

[Rogue AI]

Nuclear power generation is my favorite, followed by natural gas and then renewables such as hydro. I live in Tennessee.
View attachment 612359
By the way, I am retired, live in the city and do not commute. I'm good.

All well and good, but not everyone is in your situation. With luck there won't be civil unrest in your area if things keep spiraling out of control. Make sure you lock your gas cap, fuel theft will probably become a thing again.

 

[TheGreatSatan]

Democrats push to keep oil prices high and limit American production fuels Putin's war machine.

Where does putin get all his money? Thank a Democrat.

If Trump was still in office, oil would be low and Putin couldn't afford to invade.

 

[White 6]

All well and good, but not everyone is in your situation. With luck there won't be civil unrest in your area if things keep spiraling out of control. Make sure you lock your gas cap, fuel theft will probably become a thing again.

Yep. Already thought of the locking gas cap for the Jeep. PJ's SUV has to be unlocked from inside the vehicle. We lock everything out of habit. Not worried about civil unrest here at the house, with full decorative privacy fencing and locked pedestrian and vehicle gates. Lexie (at 90 lb.) is known, somewhat feard and intimidates the sh#t out of everybody except family, particularly if the granddaughters are in the yard. UPS had such a coward, he would not even come on the porch with her locked up inside the house. On the other hand, and strangely enough she literally loves our mailman. I am pretty sure he could have the run of the place.

 

[White 6]

Democrats push to keep oil prices high and limit American production fuels Putin's war machine.

Where does putin get all his money? Thank a Democrat.

If Trump was still in office, oil would be low and Putin couldn't afford to invade.

He is just an honest civil servant former KGB agent of normal family background, now worth
$200 Billion Dollar$.

 

[toobfreak]

You equate Trump with Russia

Sorry YOU DO little man.

 

[Mac1958]

You equate Trump with Russia
LOL
No surprise there, bitter old man.

Understandable.

 

[JohnDB]

There's a more twisted result from this.

PRC holds a bunch of Russian debt. When Russia defaults on Russian debt to China...the shockwaves will be extreme. China is suffering from a bond fiasco now.

Meaning that they are cash poor...they need those debt payments for the liquid cash it provides. Otherwise they can't purchase raw materials to manufacture much of anything.

And with the current climate of letting communist countries conscript other countries they are seeing an opportunity to do this to Taiwan.

This is going to go downhill fast.

 

[surada]

I'm starting to get it now:

The Left failed to get Trump nor stop Trumpism, so now they are really looking forward to Russia taking an absolute pounding to help them fill that hole of accomplishment.

That's stupid. Russia is taking a pounding because of Putin's choices.

 

[surada]

What they seem blissfully unaware of is that for all their rhetoric about the tyranny of the Bad Orange Man, he operated completely within the law. Putin will do whatever it takes to survive. As in, "that's a nice country you have there, it'd be a shame to see it NUKED"

Aggression is pretty destructive. Putin wants to make Russia great again. Sound familiar?

 

[PoliticalChic]

Yep, that's the final stop for this crazy train.

I have no doubt that, should that be near......the Democrats will step in to save their brother socialists.

Roosevelt: "I would rather lose New Zealand, Australia or anything else than have the Russian front collapse."
Robert Dallek, "Franklin D. Roosevelt and American Foreign Policy, 1932-1945," p. 338.


Yup!
'Russia Uber Alles'

What nation did Roosevelt represent, again?​

 

[SavannahMann]

I have no doubt that, should that be near......the Democrats will step in to save their brother socialists.

Roosevelt: "I would rather lose New Zealand, Australia or anything else than have the Russian front collapse."
Robert Dallek, "Franklin D. Roosevelt and American Foreign Policy, 1932-1945," p. 338.


Yup!
'Russia Uber Alles'

What nation did Roosevelt represent, again?​

You have to keep the context of statements in the front of your mind.

During the period, from 1940 to 1945, the Soviet Union was soaking up a lions share of the Nazi soldiers. The Russian Front was chewing up the Nazi Army, and taking some pressure off of the Soviets was vital to keeping them in the war. The alternative was to face Hitler on a single front, which would have cost much more in American and British Lives. D-Day may well have failed if the Soviet’s had collapsed and allowed Hitler to reinforce to the Western Front.

It is historically an example of the old rule, don’t fight a two front war. Germans did in 1914, and lost. Nazi’s did in 1940, and lost. So keeping that second front Up and Running was vital.

However, Roosevelt did not share information on Enigma, the Bomb, or many other Military Secrets with Stalin. And let’s be honest, at the meetings of the three leaders, everyone of them walked or rolled away thinking they were playing the others.

 

[PoliticalChic]

You have to keep the context of statements in the front of your mind.

During the period, from 1940 to 1945, the Soviet Union was soaking up a lions share of the Nazi soldiers. The Russian Front was chewing up the Nazi Army, and taking some pressure off of the Soviets was vital to keeping them in the war. The alternative was to face Hitler on a single front, which would have cost much more in American and British Lives. D-Day may well have failed if the Soviet’s had collapsed and allowed Hitler to reinforce to the Western Front.

It is historically an example of the old rule, don’t fight a two front war. Germans did in 1914, and lost. Nazi’s did in 1940, and lost. So keeping that second front Up and Running was vital.

However, Roosevelt did not share information on Enigma, the Bomb, or many other Military Secrets with Stalin. And let’s be honest, at the meetings of the three leaders, everyone of them walked or rolled away thinking they were playing the others.

Pleeeeeezzzz.....

"....realistically middle sized Germany could not defeat the much larger Ussr in the long term. Germany would have eventually surrendered to the western allies to prevent total occupation by the USSR ..."
So did the Red Army really singlehandedly defeat the Third Reich Stuff I Done Wrote - The Michael A. Charles Online Presence (comment)



And, yes....FDR did give Stalin what he needed for the bomb.


1. US Army Maj. George Racey Jordan was a Lend-Lease 'expediter' who couldn't understand the volume or priority nature of the shipments to the USSR....including 'secret cargo' hidden under 'diplomatic immunity.'

a. "The President has directed that 'airplanes be delivered in accordance with protocol schedules by the most expeditious means.' To implement these directives, the modification, equipment and movement of Russian planes have been given first priority, even over planes for US Army Air Forces." From the diaries of Maj. George Racey Jordan, supervisory 'expediter' of Soviet Lend-Lease aid, p. 20.

2. A simple businessman, in his 40's, who had flown with Eddie Rickenbacker in WWI, Jordan loved his country more than the Establishment, and became what ex-Socialist Max Eastman called the 'moral aristocracy.' West, "American Betrayal," p.119.

3. In his capacity, he worked closely with Soviet chief, Col. Anatole Kotikov. With them at their apartment, he noticed Kotikov's wife-secretary pull her huband's "Experimental Chemicals" dossier from "a hiding place under the mattress, while her husband was pulling on his handsome boots of black leather." Jordan, "From Major Jordan's Diaries, " p.47

a. In the file was a list of everything necessary to produce a 'brand-new and experimental atomic pile, courtesy of Lend-Lease." West, Op. Cit.

b.

c. "... he was instructed by the White House and State Department to deliver parts for the atomic bomb to the Soviets – at the same time the nation was worried about Russia stealing A-bomb secrets. At first, Congress did not believe him, but his diary filled with dates, shipping manifestos, and names of pilots who flew the missions,..." Major George Jordan

4. In Jordan's book is a near-complete list of Soviet Lend-Lease material

a. According to Jordan, shipments to the USSR via Lend-Lease continued until 1949. Victory in Europe Day—known as V-E Day or VE Day—was the public holiday celebrated on 8 May 1945 (in Commonwealth countries, 7 May 1945) to mark the date when the World War II Allies formally accepted the unconditional surrender of the armed forces of Nazi Germany

5. ATOMIC MATERIALS

Beryllium Metals 9,681 lbs. -- $ 10,874.
Cadmium alloys 72,535 lbs. -- $70,029.
Cadmium metals 834,989 lbs. - $71,466.
Cobalt ore & concentrate 33,600 lbs. -- $49,782.
Cobalt metal & cobalt-bearing scrap 806,941 lbs. -- $1,190,774.
Uranium metal 2.2 lbs. -
Aluminum Tubes 13,766,472 lbs. -- $13,041,152.
Graphite, natural, flake, lump or chip 7,384,282 lbs. -- $812,437.
Beryllium salts & compounds 228 lbs. -- $775.
Cadmium oxide 2,100 lbs. -- $3,080.
Cadmium salts & compounds, n.e.s. * 2 lbs. -- $19.
Cadmium sulfate 2,170 lbs. -- $1,374.
Cadmium sulfide 16,823 lbs. -- $17,380.
Cobalt nitrate 51 lbs. -- $48.
Cobalt oxide 17,800 lbs. -- $34,832.
Cobalt salts & compounds n.e.s. 11,475 lbs. -- $7,112.
Cobaltic & cobaltous sulfate 22 lbs. -- $25.
Deuterium oxide (heavy water) -- $1,100 grs. -

http://seawaves.us/na/web4/diaries.html#CHAPTER_NINE_

a. BTW, Lend-Lease to Russia amounted to $300 billion in today's dollars.
Albert L. Weeks, "Russia's Life-Saver: Lend-Lease Aid to the U.S.S.R. in World War II" p.25

b. General Leslie Groves, chief of the Manhattan Project, would later testify before Congress in 1949 that his operation came under continuous pressure to release experimental atomic materials to the USSR from the Lend-Lease office. From Hearings Regarding Shipments of Atomic Materials to Russia During WWII, HUAC, 81st Congress, December 7, 1949.

6. On Sept. 20, 1944 security officers at Great Falls reported that a C-47 left for Moscow
with 3,800 pounds of non-diplomatic records. They had not been censored and were
therefore in violation of the Espionage Act. But local officers did not dare to remove the
shipment from the Pipeline. Customs, Immigration, Censorship and the FBI now had staffs at Great Falls. Captain
Decker had learned, as I had to, that it was possible to force the Russians to accept
inspection by refusing to clear American pilots flying Soviet planes. Beyond that, nothing
could be done. Captain Decker said he had asked again and again for authority to ground any plane bearing contraband persons or freight, and to hold it until the defense was rectified. He was enlightened by a high official of the Department of Commerce, Irving Weiss, who made a trip to Great Falls. Such authority, Weiss told him, could be granted only by a top echelon decision of the State Department, the Board of Economic Welfare and the President’s Protocol Committee. “It seemed,” Captain Decker observed ruefully, “that the power of enforcement lay at very high levels beyond the reach of us there.” [3] Needless to say, no enforcement order was issued. Ibid.

7. Always curious, and meticulous, Jordan recorded the name, rank and function of 418 Russians who entered the US illegally via planes returning from Russia. "The list proved to be of value, I was told, in tracing Communist espionage in America during the war."

 

[georgephillip]

Wall Street's Russian credit default swaps (CDS) invoke memories of 2008 economic meltdown:

"There is a known $41 billion in Credit Default Swaps (CDS) on Russian debt.

"There is likely many billions more in unknown amounts.

"There are also billions more in Credit Default Swaps on state-owned Russian corporate debt and non state-owned Russian corporate debt.

"In addition to Wall Street not knowing which global banks and other financial institutions are on the hook to pay out on the Credit Default Swap protection they sold in case of a Russian sovereign debt default (or Russian corporate debt default), there is also approximately $100 billion of Russian sovereign debt (whose default is looking more and more likely) sitting on the balance sheets of foreign banks.

"Put it all together and you have the makings of a replay of the 2008 banking crisis when banks backed away from lending to each other because they didn’t know who would fall next from toxic subprime exposure.

The Big Question on Wall Street Is Which Banks Owe $41 Billion on Credit Default Swaps on Russia