- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Update pg 23: Russia,IMO, will default on its sovereign debt within six months
Posted on 11/10/14 at 1:45 pm to Poodlebrain
Posted on 11/10/14 at 1:45 pm to Poodlebrain
quote:If the borrowers have commodities that can be sold for euros or dollars, why would they have to barter with those commodities?
I'll bet that some sort of deal to pay off in commodities will be brokered.
They would just sell the commodities for the hard currency they need and then pay of their loan with the proceeds.
If they don't have commodities that can be sold for a hard currency, then bartering won't help them.
1
Posted on 11/10/14 at 11:20 pm to LSURussian
quote:Isn't the borrower the Russian government since it is sovereign debt? I figure Putin will exact a little tax payable in commodities from some of his cronies in exchange for economic concessions to those cronies. Maybe the cronies will be allowed to sell the commodities for foreign currencies, and their taxes will be payable in those same currencies. But somehow, I expect the oligarchs in Russia to help pay the notes and get richer for it.
If the borrowers have commodities that can be sold for euros or dollars, why would they have to barter with those commodities?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News