Another great report.
Russia is less likely to be afraid to default on its debt after being loaned billions by those nations applying sanctions against Russia. With oil prices down, Russia needs to develop ways to keep their economy afloat, and perhaps in the process, give the west the proverbial bird. So, if Putin believes that the benefits of a default outweigh the consequences, western banks, along with western economies, will be royally screwed.
The Calm before the Storm
Despite numbers showing that we have entered a global recession, things have gotten eerily quiet in the month of October. Because there has not been serious consequences for the moment, the mockers are having a field day. Most people, like the grasshopper, will be caught completely off guard to what is coming; thus, be the ‘ant’ and prepare accordingly.
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