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What's wrong with Russian bonds? That land is unlikely to be going away, may contain even more mineral wealth and is climate change resistant.
by thriftwy 3y ago
What's wrong with Russian bonds? That land is unlikely to be going away, may contain even more mineral wealth and is climate change resistant.
- dgellow 3y agoAren’t bonds linked to governments, not land? Russia the country can default.
- deleted 3y ago[deleted]
- hollerith 3y agoThe Kremlin has been saying that if the $300 billion worth of Russian Central Bank assets that were frozen in response to the invasion of Ukraine are confiscated (e.g., to give them to Ukraine), the Kremlin is going to respond by confiscating assets in Russia held by Westerners.
- petre 3y agoWesteners who were dumb enough to move their assets into Russia in order to evade taxes. Like Depardieu, who recently got UAE citizenship.
- thriftwy 3y agoBut that's not a problem with Russia - that's the West not honoring their IOU. Also not problem for everybody else. The West is a minority of the Earth now, including financially.
- photonbeam 3y agoNot if climate change triggers a new ice age :) Though I guess that bond prices would be meaningless for most at that point
- deleted 3y ago[deleted]
- ffgjgf1 3y agoWhat does that have to with bonds the government might refuse to pay out (or western governments might ban you from receiving payments even if they don’t)?