Starvin Larry

The US and EU have accused Russia of invading Ukraine. Plumbing new depths of stupidity and arrogance, they expect Russia to play “nice,” giving the financially strapped country it supposedly invaded a break on $3 billion worth of Ukrainian bonds it holds. That way, the Ukrainian government can get additional loans so it will have the wherewithal to continue making war against ethnic Russians in east Ukraine, perhaps with US military assistance. Russia, not surprisingly, is saying “nyet,” it wants payment in full. Surprisingly, it has so far not exercised its right to accelerate payment from Ukraine on the bonds, but they may change if the Ukraine obtains US armaments.  From  Raúl Ilargi Meijer at automaticearth.com:

When money managers talk outside their narrow field, nonsense is guaranteed to ensue. No better example than this Bloomberg piece on Ukraine’s ‘debt restructuring’ plans, which are as much a political tool as they…