The world’s richest nations are out of fiscal options. Even The Economist now admits debt can’t be repaid and growth won’t fix it. When governments inevitably inflate away currencies, where does that leave their citizens?…
US Set To Block Russian Debt Payments, Pushing Moscow Closer to Historic Default…
The latest attempt at inflicting maximum punishment and pressure on Russia amid its grinding war in Ukraine has many scratching their heads, as the US is now set to block Moscow’s ability to pay its sovereign debt – though ironically which Russia appears ready and willing to pay, if it weren’t for the far reaching US-led sanctions imposed on its central financial institutions in the first place…