Biden administration now decides to screw US holders of Russian bonds

© 2022 Peter Free

 

18 May 2022

 

 

Sanction-boomeranging our own economy to death . . .

 

. . . seems to be the United States' most developed skill:

 

 

Russian default risk surged as investors reacted to the possibility that the Biden administration will fully block bond payments from the country to US investors from next week.

 

The move may be the final straw in Russia’s debt saga, pushing the country into its first foreign default in a century.

 

Despite sweeping sanctions, it’s so far managed to avoid that, thanks in part to a US waiver that allowed bond payments to US investors.

 

But on Wednesday, Treasury Secretary Janet Yellen confirmed that it’s unlikely that the exemption will be extended once it expires on May 25.

 

© 2022 Laura Benitez, Russia Default Risk Surges as US Set to End Key Bond Waiver, Bloomberg via Yahoo News (18 May 2022)

 

 

Recognize that Russia has already exhibited a determined willingness — as well as the ability — to pay US bondholders in either dollars or rubles.

 

 

Which Biden-approved dumbshit thought this one up?

 

Think it through:

 

 

So as to force Russia into a supposedly embarrassing international default, the Biden administration is willing to shortchange American investors, as well as accepted laws of contract.

 

With the predictable result of this own-citizen-harming idiocy being yet another blow to the American (not the Russian) economy.

 

 

In evaluating this nitwittedness, recall that the US and the EU have already so slapped Russia around with sanctions, ejections and prohibitions that it is no longer allowed to participate in the West-controlled economy.

 

Do we really think that the Federation has not planned for another step in this, now typical, serial form of American lunacy?

 

 

The moral? — US leadership has become too stupidly vicious to live without adult supervision

 

Remember that our self-harming is purportedly occurring, so that we can continue to support, finance and further the literally Nazi-run Ukrainian regime.

 

Hopefully, the rest of us will survive long enough to see our neocon leaders drop (withered by sunlight's exposure) from their Ivy League-fueled vines. Thereafter to twitch, pseudo-lifelessly, upon the once bountiful American earth.

 

We could use their rotting metaphorical bodies to enrich American agricultural soil. In place of the Russian-Belarus fertilizers that these same neocons also banned, thereby creating an American famer-impoverishing shortage of that critically necessary stuff.