re: Update pg 23: Russia,IMO, will default on its sovereign debt within six months

quote:

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Would you mind explaining how he would be correct about that in any capacity?

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He will just say the economic sanctions put on Russia by the West caused a capital outflow, hurt their oil exports, yada, yada, yada.

And he'll remind the Russian people it's the price they paid to regain part of their Motherland, i.e., Crimea.

So, it's the foreigners fault for the Russians' problems....as usual. You have to remember EVERY bad thing that ever happened to Russia was the fault of foreigners.

For example, Russia's army was defeated in WWI because the Czar's wife, the German niece of Kaiser Wilhelm of Germany, was passing along military secrets to her uncle. That's why the German army kicked the Russian army's arse and why Russia had to sue for peace. That also brought on the Russian Revolution in 1917. All because of a foreigner married to their Czar.

Even the 1998 financial crisis in Russia was the fault of foreigners. Too many foreign banks loaned too much money to Russian banks and to the Russian government. Those foreign institutions knew that Russia would never be able to pay back what was owed. The foreigners did it in order to destroy Russia's economy.

See how they think?