It's

 

 a lil complicated. Go figure right?

Russia slides into historic debt default as payment period expires

"Interest payments totaling $100 million were due on May 27 and subject to a grace period which expired on Sunday night. Several media outlets have reported that bondholders have not received the payments, after Russia’s attempts to pay in its ruble currency were blocked by international sanctions."

(Russia is arguing that they are not in default, that they did in fact make the payment but being that they made it in rubles the payment was blocked. Like I said it's complicated and will end up in courts and it's not the point of what I'm trying to get to here. This is why I provide links to what I comment on, if you want all the gory details? Go ahead and read the entire article, what follows below is what I think is far more important than the technicalities of Russia's ruble payment not being accepted.)

Now a couple of miscellaneous points:

"Reuters reported early on Monday, citing two sources, that some Taiwanese holders of Russian eurobonds have not received the interest payments due on May 27, indicating that Russia might have entered its first foreign debt default since 1918, despite having ample cash and willingness to pay.

"Siluanov reportedly told Russian state-owned news agency RIA Novosti that the blockage of payments does not constitute a genuine default, which usually come as the result of unwillingness or inability to pay, and called the situation a “farce.”"

“Considering the G-7′s announcement over the weekend that the member nations plan to ban the importation of Russian gold, there appears to be an intention to continue increasing Russian sanctions.”

And Now the important stuff:

“But this default is important as it will impact on Russia’s ratings, market access and financing costs for years to come. And important herein, given the U.S. Treasury forced Russia into default, Russia will only be able to come out of default when the U.S. Treasury gives bond holders the green light to negotiate terms with Russia’s foreign creditors.”

"Ash suggested this process could take years or decades, even in the event of a cease-fire that falls short of a full peace agreement, meaning Russia’s access to foreign financing will remain limited and it will face higher borrowing costs for a long time to come."

"He argued that Russia’s alternative sources of foreign financing beyond the West, such as Chinese banks, would also be reluctant to look beyond the default headlines."

(Maybe, not necessarily sold on that point)

“If they are prepared to run the secondary sanctions risks — which so far they have not — and still lend to Russia, they will add a huge risk premium to lending rates for the prospect of somehow being dragged into future debt restructuring talks,” Ash said."

“It just makes lending to Russia that much more difficult, so people will avoid it. And that means lower investment, lower growth, lower living standards, capital and human flight (brain drain), and a vicious circle of decline for the Russian economy.”

(Now were getting to the heart of the matter)

Russia has thus far managed to implement successful capital controls that have supported the ruble currency, and continued to bring in substantial revenues from energy exports as a result of soaring oil and gas prices.

However, Ash suggested that the carbon transition and accelerated Western diversification away from Russian energy and commodities means that this “golden goose is cooked two to three years down the line.”

(That is the important part and what I am going to expound on here in a moment, "two to three years down the line.")

“So on a two to three years outlook Russia faces a collapse in export receipts, with almost no access to international financing because of sanctions and default,” he said."

Again, two to three year outlook.

Now remember this?

FYI

"“The first aircraft will only be launched from this carrier perhaps in late-2023 to 2024, and full operational capability will likely be declared closer to 2025,” he said.

(Three years...Interesting time line to say the least if you know anything about the Tribulation timeline)."

In two to three years China will have it's first completely homemade aircraft carrier able to launch aircraft. They already have hypersonic missiles able to take out our carriers as well as rendering our stealth aircraft inconsequential. Also at that time? "Russia faces a collapse in export receipts, with almost no access to international financing because of sanctions and default,”

What happens three and a half years after the Two Witnesses show up again?

THE GREAT TRIBULATION.

The first three and a half years after their arrival just marks the beginning of the seven year tribulation period. The second half of those seven years will be the great tribulation.

And China will have it's own aircraft carrier to project forward force and Russia will be facing collapse and the two witnesses get martyred in Jerusalem and the Antichrist projects his image on the temple etc.

Your of the opinion Thats not happening right in front of your eyes right now? That it's not going to happen? After we have already seen the signs and wonders in the heavens and earth? The great apostasy has already happened etc?

My personal belief is thus:

 The first woe was the Financial crisis as it gave us no choice but to lower interest rates to 0 and use other measures (QE) to try and preserve the status quo. Man was stubborn and we didn't learn our lesson so we continued to preserve the status quo with interest rates having to be kept at arificialy low levels etc...

Then Covid, which I view as the second Woe...

and now were raising interest rates to fight inflation (and its not gonna help a lick with scarcity issues etc) as central banks try their best to look like they are doing the right thing all the while knowing they are just (in Peter Schiff's words) "rearranging deck chairs on the titanic" at this point.

And when do the two witnesses show up and announce the start of the end times again?

Thats my:

theory

contention

argument

line of argument

proposal

proposition

premise

assumption

presumption

hypothesis

postulation

surmise

supposition

belief

idea

notion

opinion

view

theme

subject

topic

text

matter

theorem

dissertation

essay

paper

treatise

disquisition

composition

monograph

study

piece of writing

theme

etc?

Whats yours?

You got a better one?

Please come share it with me.

I'd love to hear it, I really would.

I've had a chair reserved for you for a while.

I promise I have.

I know you're upset honey butt I love you baby, I really do.