SUBSIM Radio Room Forums - View Single Post - Here we go again-Ukraine once again

Skybird · 06-27-22, 09:23 AM

There is a big difference between Russia "defaulting", and defaulting ciandate sin the past, say Argentine. Argentine back then was bancrupt. Russia is anything but bancrupt: is has a national debt rate of only 20% (swallow that, Europe, US...), has big reserves in gold., and finds many willing parezner sint he world despite the West's urgent effort to isolate it. But it isn't isolated. And it doe sbusiness - by its terms and conditions, in roubels. The ro9uble was brought under ocntorl, but having had a spike of inetrest rates up to 20% to bring inflaiton unde rcontrol, and then it was dripped again. So fra trh eRussian centrla bansk has had a good and effective return and answer to anything the West threw at it.

So the "defualting"now hardly is a defaulting at all.The west is just getting more and more clueless on what else it could do to mount pressure on Russia. while the sanctions had so far do more damage to Europe than they do to Russia, apparently.

Thats the problem with sanctionising someobdy, in order of that working, that somebody must be dependent. Sanckjtons must be dishe dout not form a posiiton of mutual dpeendency aor equality, but from a position of unilateral strength. This is not the case regarding the EU and Russia. Russia is not dependanet, in its key areas of selfmaintenance, it is autark. To do damage by sanctions against such a tough rock you need to either go All in and have utmost maximum sanctions from day one on and without any compromise (and even then you are not sure to get what you want if you are not stronger than the other) - or you must not even care to get started. The half-baked compromises and long delays in Western sanctions do more pain to us then to them!

In other words: we messed it up once again.

Either you do it right and fully determined, or you do not even need to get started. Russia has adapted - and now can outsit us for the duration of this war.

It seems India sells now oil it bought cheap from Russia, to Europe, at much higher price. First they tried to dismiss this as a fake news over here, but apparently its true.

I would favour to have the financial situation of Russia over that of France Italy, Greece and some others every time I get asked.

06-27-22, 09:23 AM	#4858
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 40,528 Downloads: 9 Uploads: 0	There is a big difference between Russia "defaulting", and defaulting ciandate sin the past, say Argentine. Argentine back then was bancrupt. Russia is anything but bancrupt: is has a national debt rate of only 20% (swallow that, Europe, US...), has big reserves in gold., and finds many willing parezner sint he world despite the West's urgent effort to isolate it. But it isn't isolated. And it doe sbusiness - by its terms and conditions, in roubels. The ro9uble was brought under ocntorl, but having had a spike of inetrest rates up to 20% to bring inflaiton unde rcontrol, and then it was dripped again. So fra trh eRussian centrla bansk has had a good and effective return and answer to anything the West threw at it. So the "defualting"now hardly is a defaulting at all.The west is just getting more and more clueless on what else it could do to mount pressure on Russia. while the sanctions had so far do more damage to Europe than they do to Russia, apparently. Thats the problem with sanctionising someobdy, in order of that working, that somebody must be dependent. Sanckjtons must be dishe dout not form a posiiton of mutual dpeendency aor equality, but from a position of unilateral strength. This is not the case regarding the EU and Russia. Russia is not dependanet, in its key areas of selfmaintenance, it is autark. To do damage by sanctions against such a tough rock you need to either go All in and have utmost maximum sanctions from day one on and without any compromise (and even then you are not sure to get what you want if you are not stronger than the other) - or you must not even care to get started. The half-baked compromises and long delays in Western sanctions do more pain to us then to them! In other words: we messed it up once again. Either you do it right and fully determined, or you do not even need to get started. Russia has adapted - and now can outsit us for the duration of this war. It seems India sells now oil it bought cheap from Russia, to Europe, at much higher price. First they tried to dismiss this as a fake news over here, but apparently its true. I would favour to have the financial situation of Russia over that of France Italy, Greece and some others every time I get asked. __________________ If you feel nuts, consult an expert.