27-06-2022, 05:25 PM
(27-06-2022, 02:15 PM)simpleman Wrote: Your reputation matters only when you need something from those who give you the reputation points
If you dont need anything from them, it doesn't matter to you
Fyi, even before 24 Feb, Russian Gov borrowed only $60billion foreign debt which is peanuts in comparison to a whole lot of other countries. It earns $1 billion per day in oil revenues.
Russia dont need to borrow, except for foreign exchange.
But with "Gas-for- Rubble" , Russia now gets tens of Billions foreign exchange parked into Russian Central Bank (which cannot be frozen by the West)
If they earn 1 billion per day, then why default the small foreign debt? Something wrong in the head?
Omni is in my ignored list. This works well like he always bumps my post for me all the time. Thank u Omni.