needanswer:


You are talking about potential. Potential is simply speculation or probability at best but not unchangeable facts. Those potential calculations were made at a time the west were in bed with Chinese manufacturing. Now the world is changing and those potentials may never be realized.

Your last point has nothing to do with what I am talking about.

needanswer:


Lastly why aren't you in Russia? I travel to Canada once in a while cause I like their policy. You obviously loved Russia, why not base there? Why live in a country you hate?

NGpatriot:




Slow down and stop blowing your exhaust pipe over nothing.

China is not stupid and they are not ready to jeopardize, their economic future or suffer collateral damage because of Russia.

The trade volume between China and Russia is measly $140 Billion while it's over $1 Trillion with the West.

Western Europe is China's largest trading partner in the world, not poor Russia that doesn't manufacture anything, it's a poor country with 1 single and undiversified economy, Russia is nothing without oil and gas.

China can do without Russia, but can not survive without the West because its economy and economic survival is closely tied to the West

Look around you, everything is made in the West or Asia, you won't see 1 thing made in Russia..

Btw, the last time I checked, China is enforcing US sanctions against Russia, I mean Chinese state banks under the control of the Chinese president so its actually Putin's friend in China enforcing the ban against Putin.

Your glowing tribute to Putin is not jiving with realities on the ground

needanswer:


]


I see you just want to argue. I only quoted the source of the articles you posted. Their reason there was because it is foreign debts, owed to foreign investors.

Yuan as foreign reserve may be growing but will never dwarf that of the USD. The macroeconomic policies of the west against China has guaranteed that.

And lastly I said, US and Europe owns about half of the companies in China. I don't mean Chinese companies, i mean international companies manufacturing in China. It is ease to grabs.

NGpatriot:








Read what I posted, some bondholders in Europe are yet to receive anything from Russia, the fact that Chase in the US received theirs doesn't mean the bondholders in Europe received theirs.

The topic and title of this thread are just rubbish and Russian propaganda, it is your job to pay your debt and if you can not, accept the default.

The US did dumb Putin a favor by allowing him to access their sanctioned reserves and avoid default and total collapse of the Russian economy so the side story and tales by the moonlight about the ball being in US court is nothing but rubbish and RT Russian propaganda.

Ode Putin should be thanking the US for the soft landing.

Russia is a poor and imaginary superpower, imagine, a superpower without its own payment system, its own internet system, its own global manufacturing brands, its own TECH, its own jetliner.

Russia is a poor country functioning at the mercy of the West.

Ordinary Visa and Mastercard ban, Putin rant to China to beg for their payment system.

After 3 weeks of war with small Ukrain that it can not even defeat, Putin ran to China to beg for weapons and money, Ukrain did not even have any serious military capacity 3 weeks ago, now small Ukraine already slaughtered 4 Russians Generals.

Russia is grossly overrated, it's just another poor country functioning at the mercy of the West.

needanswer:



The US treasury reason for allowing payments of debts was because it was owed to foreign investors. The frozen reserves can ONLY be used to pay debt for foreign debts until May.

While it is third, the news article stated that is makes up about 2.25% of foreign reserves in the world. Meaning more than 97% of foreign reserves are accounted for majorly by USD, followed by EURO, etc. That's a very wide margin.

Of course I can't start to list all other south east Asian countries but you get the point, production is moving from China. USA and Europe owns about half of all major companies in China but while that is the case, the products those companies make still account for the gross GDP of China, hence China is the second largest economy behind the US. IF China owns most of the companies in south east Asia that will only make the GDP of those countries grow while that of China shrinks. That is the problem of out sourcing production.

NGpatriot:



The article from RT, a Russian propaganda outlet is tales and half-truth, the sanctions have nothing to do with Russia making debt payments and the lenders receiving their money.

Either they did not pay or they made partial payments, but they have 30 days before making good on their gbese, so we shall see, but this Russian propaganda is just tales and fallacies, they are heading into default regardless, it's just a matter of weeks and months.

needanswer:



I modified my earlier post. Guess you didnt refresh to see it. I said I have confirmed the debt is to be paid with the frozen reserve.

As for the second part of what you wrote, Yuan will never be the second most in demand currency for global trade. The war between Russia and Ukraine has opened the eyes of the west on over reliance on any country for supply. Europe and US have started shifting operations to Vietnam. You can read about the gradual exodus of big western companies production from China. China's crises with Taiwan could further accelerate the weakening of the Chinese economy if they choose to invade Taiwan.

Bottom line, it is still USD/EURO domination in the global monetary trade.

needanswer:



I still haven't seen any official news article where the following is quoted "USA treasury secretary said this morning they would let Russia use funds in the frozen account until May", only on people's post. This might still be true but I still haven't seen any official news article carry it.

Interest rate increase has to do with post covid19. Those free money the US government gave from the US treasury during lockdown are being collected now through higher interest rates.

The next global currency in demand as a world trading currency is the Euro, not Yuan. You can read about it online.

needanswer:


Thanks for sharing. I have read through. The debts are being paid but I didn't find something important there. I also Google searched but nothing yet, maybe when I see it I will tell you.

What I am looking for is this: did Russia pay their debts from frozen foreign reserve or from the foreign reserve in dollars they have access to in China? The source of the dollar payments was not made clear in this article or the others I read. It only mentions that the debts will be paid.

needanswer:


Emphasis- US never defaulted yet. To default would mean the USD will have to be devalued.

US Economy growth rate has only slowed down a little which is understandable, as the US cuts down on some important sectors of its economy eg stopping of crude oil production in the US. The US is gradually shifting to renewable energy which when completed by 2030 will maintain their status as the number 1 economy.

What news article said Russia was able to pay their debts from frozen asset. Don't you get it? It is frozen like Chelsea Fc. Abramovich won't be getting Chelsea back and so will Russia not be getting their frozen reserves back.

needanswer:


Please drop the news link you found this

needanswer:


Nowhere in the article did it state US treasury say the will pay the funds.

needanswer:


You don't understand the Macroeconomics of USA and Russia as economies and countries.

I'll just simplify it for you to understand.
Macroeconomic factors that indicate US economy is broke would be -
A negative GDP growth.
Drastic fall of the USD and
Huge foreign debt greater than local debt that can't be serviced.

The US economy does not suffer from any of those issues because -
Their GDP growth is positive,
The USD is stable because all debts are serviced and paid as at when due and
Citizens in America and countries overseas are still buying US debts and bonds because they know the US treasury always pay their debt with interest as at when due.

Also Russia is not going to have any monetary issues any time soon because 1st The EU Is currently paying Russia 600 million euro everyday for oil. While the USA is buying 2 5 million barrels of oil from Russia everyday. As many economist have said if you don't sanction Russia oil and energy then the sanctions will not affect Russia. That's why America and UK are running around looking for alternatives to Russian oil. Plus with Russia signing a multi billion usd oil deal with China and with India. Also russia signing a multi billion dollar deal with Pakistan for grain. Russia is still in a good spot. Also economists also say Russia is actually making more money now than they did before the war. With America paying an extra billion dollars to Russia everyday because of the oil price increase.

Thede are the Macroeconomics that makes the US economy strong and the largest in the world.

Russia economy, Macroeconomics-
Their GDP growth is racing towards negative due to economic sanctions of export and trade.
The Ruble is undergoing devaluation because the foreign reserve (in USD of about $315 Billion) which is pegged to the Russian currency is frozen. The foreign reserve is what gives the currency monetary value.
The russian central bank can no longer pay investors their debts and interests as at when due because of their frozen reserve (about half of it), this will cause the russian economy to shrink further because future investors will be afraid to invest. Meanwhile Russia still has about $300 billion foreign reserve in China and other countries that they can access but they dare not spend that money. Remember I said that the value of a countries currency is pegged to its foreign reserve. If Russia spends out of those unsanctioned reserve the value of the rumble will crash further unless they are quickly replaced.

I tried to simplify it. I hope you can understand it.

Kelvin3476:
NO COUNTRY CN SANCTION U.S IN SUCH MANNER, AND WHO IS US INDEPTED TO ?

Sanchez01:

Russia's external reserve is hidden away in the United States. The United States sanctioned Russia and froze its external reserve, meaning Russia's $300 billion is not theirs at the moment. In theory, Russia has $300 billion external reserve in the United States. Technically, Russia is semi broke.

The United States does not need to be the IMF or World Bank to sanction a war mongering country.

Sanchez01:

The US economy is extremely huge and the biggest in the world. Russia's debt is smaller because it doesn't have half the economy of the United States and doesn't exactly spend or use the USD as their currency. Their currency is about N6 max (at its peak).

Besides, a country's external debt does not translate into being poor or wealthy. That Russia's external debt is smaller compared to the United States' does not mean it has better economy than the North American country.

Just because I am debt free or owe a bank N400,000 does not mean I am richer or wealthier than Dangote who owes $1 billion. I hope you understand?

RiceProducers:
The bond holders get nothing. They are expecting nothing. Russia is just trying to make a lame point. This is an insurance issue sef.

sosanova:




.



Putin is a real confused comedian, him and his team know nothing about Economics.
The sanctions has affected their sense of reasoning.
US really fucckked Russia up economically , psychologically and financially

https://www.reuters.com/business/finance/russia-rouble-payment-usd-coupons-would-be-sovereign-default-fitch-2022-03-15/

Karmaisme:
I know about 12 of them.

1. Jesus.
2. Momar Gaddafi.
3. Mahatma Ghandi.
4.Queen Elizabeth.
5. Daila Lama.
6. Magareth Tacher.
7. Ashraf Ghani.
8. Wilson Churchill.
9. Michael Jordan
10. William Bush Srn.
11. Bob Marley.
12. Nelson Mandela.

ninocia18:
Hahaha! We saw it coming before he won the election. They put a sick man there so that after a while, he will step down and the chick will be president. We'll played, democrats. Well played, globalists. Unfortunately, this scripted was well known before now. This is either warm up or the real deal. America una never see anything.


Quote me at your peril.

JosephXavier:
It seems all US presidents suffer the same sickness

Why will they all be undergoing colonscopies?

Bush

Trump

Biden

Is that now criteria for being a US President?

ProphetJeroboam:
I need information guys. I’m so pissed and annoyed and I haven’t been myself since yesterday.

I bought a German shepherd puppy less than a year ago and I spent money on her a lot, i mean a lot. Routine vet visits, expensive canned food, noodles and dry food, up to date on all vaccinations, I even hired a personal dog groomer to make her look really beautiful and attractive all the time.

If I calculate the amount I’ve spent on this dog, you’ll think I spent it on a girl I’m planning on marrying. Her parents are good looking German shepherds, in fact the dad is actually an imported GSD from the UK. The dad is agile, ferocious and will rip any stranger apart but my pup has always been too docile and can only bark when she’s inside a cage. That’s discussion for another day.

I never bought her with the intention of breeding her for puppies to sell, I bought her because I needed a pet and I swore never to mate her with any dog. Sadly I traveled out for schooling and I left her with a friend who I regularly send money to for her upkeep.

I noticed that my friend had the intentions of mating her for puppies because he really needed money and since I won’t be in Nigeria anytime soon, I reluctantly agreed on the conditions that he select a pedigree GSD stud for her. She came on heat 2 days ago and I discussed with my friend and gave him contacts of a guy with a good GSD stud. Yesterday night I was studying when he sent me pictures of her being mated by a Bingo!!!! A fvcking ekuke! A stupid 404 whose destiny and life purpose is to end up in the pot of a calabar man with pot belly. She had even achieved the lock position with the stupid ekuke. I was angry and I knew that if I was there, God knows I would have murdered that ekuke with my bare hands. How that ekuke entered the high fenced compound is a mystery to me.

How my friend could be so negligent to allow this to happen. The thing with male ekuke is that they don’t mate once and he was with her all night. Now I am thinking of telling my friend to take her for an abortion if she gets pregnant. No dog of mine is giving birth to pups fathered by an ekuke.

Righteousness2:
If Biden likes , he Should Swallow Sacrament or Even Swallow the Pope , it is nothing but mere religious Exercise.

GOD ALMIGHTY cannot be Mocked! You can Deceive yourself and Deceive man but you cannot Deceive GOD.

As long as they Refuse to Genuinely Surrender to the Lordship of JESUS Christ and they Continue in the advancement and Propagation of all these satanic abominations, Wickedness and the Beast agendas, it is gonna be Terrible at the End for them all.

Revelation 6:14-17
And the heaven departed as a scroll when it is rolled together; and every mountain and island were moved out of their places.

And the kings of the earth, and the great men, and the rich men, and the chief captains, and the mighty men, and every bondman, and every free man, hid themselves in the dens and in the rocks of the mountains;

And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb:

For the great day of his wrath is come; and who shall be able to stand?

Terrier99:
Na lie
China that couldn't produce ordinary Covid 19 vaccine despite being the first to get affected.
China copies, China doesn't innovate.

Send China another virus that can be linked to Chinese DNA and they will die like chickens again without you firing a single shot.

Coldsperm:
These Vigilantes are very very stupid people. Those cows would soon be released to the owner and nothing gonna happen. They should have at least killed the whole cows so as to send a clear warning to those terrorists that they are not smiling.

Charmingrascal:
I hope Uromi is ready for what is coming next.

You don't do this and just sleep with your two eyes close, they should mount guards and be ready to stand and face their visitors that will come like thieves in the night.

Buhari would have heard the news and he go don give dem mobilization funds to strike Uromi.

Citygal:


Ok, you talked about products and services, developed countries like USA, UK, Canada, German and co. that pay workers on a hourly rate, are people not able to afford these things?

Instead, your job function will be rated and reviewed based on its worth.

malcom1X:


Why are they not all dead? Just asking. The test used in testing for Covid is the PCR test, the same test used in testing for influenza. So which one is Covid and which one is influenza?
There is no test for Covid.
Coronavirus is the name for a virus that causes common cold.

The virus have never even been isolated too.

isaiahethan:


Did you witness their funeral? Please do not bother to quote me.

Dalil8:


FYI he took a pay cut before joining Juve

Your camp Nou dwarf is the one playing for money.



So why did he leave then if he had already agreed to a pay cut?