Sanchez01's Posts
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studentwriter:At the league level, yes but not at the Champions League level. It's even worse at this stage now. The only team experienced enough to match them would be Real Madrid and possible Liverpool. Others will be violated. |
BigDawsNet:No true Chelsea fan is praying for this. ![]() |
Anne Hathaway, none other. |
They sold them between 2015 - 2020, not like they sold them last week or this month. This is baseless abeg. |
garfield1:Everyone wants the easy way out, no? ![]() They had been all week on Twitter that they want Real Madrid again. All of sudden, they've been praying to avoid Madrid ![]() |
youngberry001:Liverpool vs Real Madrid will be decided on their home turfs. Score a lot at home and go away to defend. Man City vs Bayern will be over in the first leg. City won't survive Bayern. |
garfield1:I'd love us to play City as well. And regardless of their performance in the English league, I don't think they'll be much of a task for us. My opinion though, I doubt UEFA would want to pair Madrid with Bayern at this stage. It's a money making clash compared to the others. |
3 English teams, 3 Spanish teams, 1 German team, and 1 Portuguese team. Whoever gets the Portuguese team qualifies without a doubt. I would love to see us play Atletico or Benfica then Bayern Munich in the semi final round. |
The 2021/22 UEFA Champions League quarter-final, semi-final and final draws will begin at midday CET on Friday 18 March at the House of European Football in Nyon, Switzerland.https://www.uefa.com/news/0267-11c52a066cc9-9a592439da5f-1000--quarter-final-draw-lowdown/
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shogz89:This man! You can't brag about what you don't know! If the contract of Russia's loans, for example state that Russia would give up its oil refineries and its products for 15 years if it is unable to pay off the loans (bonds) and their interests, then it means Russia would lose its refineries to lenders, whether or not Russian assets outside the shores of Russia are seized. However, Russia is most likely to suffer higher interests than the above happening and their sovereign credit rating impacted. This means nations will be unwilling to lend Russia money. Russia has been agitated about their repayment today and have even claimed to have made payment to CITIbank already. Please, enough. Haba!
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sapientia: ![]() On a more serious note, I worry about Nigerian youths. It is one thing not to know, it's fine. Politics and international politics doesn't excite everyone but ours is on a whole new level. We don't know, we are totally ignorant but then we still confidently rub our ignorance almost everywhere and worse, we are dogmatic while at it. |
Oddfinder:Now you're making me come off as a genius. EXTERNAL RESERVES ARE REGULATED AND MANAGED BY Central Banks of respective countries. Please, kill this ignorance. Please! Ordinary CBN regulates and manages external reserves and here you are saying international laws. Set by who?
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helpee:I mean, you easily take the crown in the ranks of the Putin boys but let me break it down to you. 1. Russia approached American business lenders for loans (bonds). 2. Russia chose to denominate their bond in Dollars, meaning they will also pay interests in Dollars. 3. Russia signed a contract, offering some of its assets as collateral in case it defaults totally and is unable to pay back the loans (bonds). 4. If Russia defaults, interests on the bonds will shoot through the roof. 5. When it does, Russia would be in trouble as the lenders will declare Russia a defaulter. 6. If No 5 happens, the lenders will seize Russia's assets used as collaterals in securing the bonds. 7. The assets, depending on the terms of the contract signed could be in Russia or outside of Russia. 8. Note that the lenders here are not the United States government or its close tied agencies. They are financial institutions operating in the United States and could be owned by Americans. Just take your time, think for a minute and digest the points above. Perhaps you will understand better. |
sapientia:BMC's are better than Putin bots. These ones are mentally lazy to think for a minute. All they know or want to believe is that Russia will win against the United States. Finance, economy, sanctions, international relations and economic wars are too much for them to comprehend. It's exhausting. |
Oddfinder: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. |
shogz89:You have been claiming Russia can easily print Ruble and pay their creditors easily but that is impossible. They signed a deal and Russia decided it would pay in USD in the contract. This means anything short of the Dollar is default. It is ignorance to think Russia can print Russian Rubles (monies) and take them in million bags to their creditors. The bond is denominated in Dollars. They must pay back in Dollars, nothing more, nothing less. |
shogz89:If Russia is unable to pay in Dollars, they will default without a doubt and that means their assets whether in Russia or outside of Russia will be seized on the spot and become the temporal assets of the lenders/investors. You still don't understand why Russia is running helter skelter over this and it's strange that you don't understand what a sovereign default is capable of unleashing on any nation. |
helpee:Can someone please help me explain to this gentleman man? I'm tired already. |
shogz89:And you're still peddling this ignorance?! Dude! |
shogz89:Justifying? Because I explained what they used the printed $3 trillion for? For the record more than 80% of the USD is outside the United States. You people criticized Nigeria for printing more money couple of years ago.I know where you are headed already but you are grossly mistaken. Printing more money isn't the problem. The question, is what would the monies be used for? The US printed to invest bonds and make businesses and business owners borrow more. Nigeria, on the other hand, printed to pay state governments and worse, WE SPENT N58.6b to print a meagre N2b! You don't print notes to circulate just because the economy is bad. Russia can print rubbles and pay in rubbles if their foreign reserve remain sanctioned and there is nothing any creditor can do about it. Otherwise they wont get a dime until the sanction is relaxed.ALL of you PUTIN BOYS have one thing in common and it is the fact that you don't understand what you argue or fight over but still fight anyways. Even if Putin prints Russian Rubles that can fill the whole of Russia, he can't pay with them because Russia's bond was denominated in Dollars. Attempting to pay in Ruble is automatic default. You're supposed to know this but no, you embody the classic PUTIN BOYS. All the best. |
Invitationn:The condition of their bond is to pay in USD. They chose that. They will automatically default if they move to pay in Ruble. |
mrvitalis:Just stick to PDP/APC bants. This is beyond your thought process. |
mrvitalis:Except the Euro bonds are NOT owned by the US government but by companies, mostly financial institutions. Just because they are in the United States does not make them government controlled. And note, Euro bonds can be issued anywhere and denominated in any currency. Russia Euro bond's could have been issued in China and denominated in US dollars. A sanction on Russia's reserves led them here and as much as they are struggling to even the fight, it is ridiculous to issue a cheque to your lenders and ask them to go meet the entity that froze your assets just because you want to pay. |
danteg:No. It is actually called foreign exchange reserves and below is how and why it works: Foreign exchange reserves can include banknotes, deposits, bonds, treasury bills and other government securities. These assets serve many purposes but are most significantly held to ensure that a central government agency has backup funds if their national currency rapidly devalues or becomes all together insolvent. It is a common practice in countries around the world for their central bank to hold a significant amount of reserves in their foreign exchange. Most of these reserves are held in the U.S. dollar since it is the most traded currency in the world. It is not uncommon for the foreign exchange reserves to be made up of the British pound (GBP), the euro (EUR), the Chinese yuan (CNY) or the Japanese yen (JPY) as well. Economists believe that it is better to hold the foreign exchange reserves in a currency that is not directly connected to the country’s own currency in order to provide a barrier should there be a market shock. |
buJu234:They will seize the living nonsense from Russia. Just wait and let their lenders declare them as a defaulter. |
shogz89:True and they printed snout $3 trillion or more just last year. That said, printed monies were pumped into the economy by buying bonds from financial institutions. The idea behind putting money into the economy as in the case of the United States was to drive down interest rates and hope that people and businesses borrow and spend more, and in the process revive the American economy. More importantly, the demand for the USD will always make them print more as it is almost a global currency. Not in case of Russia and its Ruble. If that happens, the currency's value would plunged the moment the new monies are released and would create a pin sharp inflation instantly. An African country tried this, thinking it would solve their financial problems economically. We all know what is happening to their economy now. |
GerogeI:You just need to look for your economics teacher and hunt him/her down. This frozen asset is as a result of a sanction. I'm sure you know what that means? Just as a sovereign government can stroll into another and start wreaking havoc is the same way another can sit on your resources/treasury in their land. Re-read what you've written, take your time, go online and read more materials on nations, sanctions, debts and assets. Then come back for a sound argument and not this that looks like one cooked up fantasy in game house. |
pmc01:No. The US has no obligation to honour the cheque. Russia is the debtor and it must pay. It is due today and it might get worse for them here one out. We talking about $150 billion default nightmare for Russia. The United States anticipated this and carefully waited for this to happen. What's worse is the sharp rise interest on the default, foreign assets seizure (already seized via sanctions), political pressure from its own domestic bondholders and being cut off from future bonds. We are talking almost instant chaos in Russia and its economy. All the US needs to drive the last nail in is to announce that Russia has defaulted. |
pmc01:It is as a result of SANCTIONS. I do hope you understand that. It is an economic war as a result of a physical war. This won't go into arbitration and the United States does not, unfortunately, need to justify why Russia's reserve was frozen, just as other allied nations do not need to give reasons why they sanctioned Russia and the sanctions impact Russia's economy. |
Mynd44:It is not different. Just because the bondholders are Americans does not cushion the effect or the fact that Russia's assets and half of their reserve in US care was long frozen before they asked the bondholders to get their money from US. It would be ridiculous for the Bondholders to approach the US because the logic is simple. A simple timeline check would reveal a whole lot about why Russia is jonzing at the moment. When did the US freeze Russia's assets and reserve? When did Russia write to the US to allow them access their reserve in other to pay bondholders. It is war, bros and it is obvious the US is bent on an economic war, which, fortunately, a whole lot of NATO and EU countries align with the US on this, whether fair or not. Russia might have the money to pay bondholders and creditors but it is not theirs to spend at the moment. You can't spend or access a frozen treasury, just as you can't direct your creditors to hold the person who freezes your account responsible for not paying them. It's simple. |
MangekyoAlt: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? |
Kingpele:And where will they pull the Ruble from if I may ask? Print more money? Their reserves isn't theirs to control because it has been frozen and currently unavailable for use. |
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