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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFeds protected russia and defied
Sanctions by making sure russia didnt default on its debt. In other words the fed broke sanctions to blunt the impact of sanctions imposed by Biden.. WTF!
This story needs bigger legs,MSNBC you listening?
https://www.cnn.com/2022/03/16/investing/russian-debt-payments/index.html
Suprising the amount of republicans in the fed.
https://www.govexec.com/oversight/2015/08/there-are-more-republicans-federal-government-you-might-think/119138/
Demsrule86
(68,352 posts)I_UndergroundPanther
(12,450 posts)They should have been allowed to default. That is one result sanctions have and they saved russias ass.
Phoenix61
(16,953 posts)I have no problem with some foreign debts getting paid. Heck, pay them in full and empty the account. The only pain Russia would feel from defaulting is the loss of future investments which wont happen with the sanctions in places. When/if they are lifted Im not sure who would want to invest in Russia with Putin in charge. Their economy is toast for decades.
Demsrule86
(68,352 posts)was paid with frozen assets thus the clock is ticking...
Karadeniz
(22,279 posts)highplainsdem
(48,730 posts)I_UndergroundPanther
(12,450 posts)Asking for a subscrption
highplainsdem
(48,730 posts)explains that this drains more of Russia's scarce foreign exchange reserves.
revmclaren
(2,488 posts)See highplainsdem post 4 and link.
brooklynite
(93,870 posts)I_UndergroundPanther
(12,450 posts)Either way the feds have a shitload of republicans in it and I dont trust any republicans.
mobeau69
(11,078 posts)Nothing to get freaked out about. Default is just a matter of time. April 15th I believe.
I_UndergroundPanther
(12,450 posts)But if that money is unfrozen at any time during this war.. still frozen can be worked around,hello..china?
Either way this bothers me.
mobeau69
(11,078 posts)I_UndergroundPanther
(12,450 posts)If the brutal war against Ukraine is still going on by april 15th..
Dont let them pay thier debts period.
Demsrule86
(68,352 posts)mobeau69
(11,078 posts)Igel
(35,197 posts)"A spokesman for the Treasury said the United States would allow the payments to go through."
If the account's frozen, then the payment very much would *not* to through.
Who makes sure the account's frozen?
The Treasury.
No default is my guess.
Demsrule86
(68,352 posts)Jacson6
(311 posts)All of the nations of the world are tied together by bonds and international banking.
FakeNoose
(32,351 posts)As soon as Chump came into office, he removed those sanctions or at least some of them. Am I right? If the Magnitzky sanctions had stayed in effect all this time, I don't think the Federal Reserve would have been involved.
It was Chump coming in and removing the sanctions that set this in motion. I'm not an expert and I could be wrong. If I am, somebody please let me know and I'll delete this.
I learned about the US involvement with the Magnitzky Act from Bill Browder's book "Red Menace." Highly recommended if you want to learn how Russia turned to the dark side in the early/mid-90's.
I_UndergroundPanther
(12,450 posts)Figures this bullshit has trumps greasy kfc encrusted with hamberder juice drpping off them slimy diaper scented fingerprints on this.