Pls stop spouting bullsh1t... Russia did keep borrowing from the IMF and the World Bank in the aftermath of the 1998 crisis. See, for example, here: http://www.imf.org/external/np/sec/pr/1999/pr9935.htm Russia also did repay the Western creditors. I have already mentioned the pre-payment of the Paris Club debt. Here's some more that's specific to the IMF borrowing: http://www.imf.org/external/np/sec/pr/2005/pr0519.htm They also wanted to repay the World Bank debt early, but the pre-payment penalties were too punitive, so they decided against it: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNEfs_1l.Kcc
Two entirely different aircraft. Both are stealth fighters, BTW. http://en.wikipedia.org/wiki/Lockheed_Martin_F-22_Raptor http://en.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning_II No. The F-22's flyaway cost is $150MM per copy. The F-35's flyaway is expected to range between $89MM and $200MM each. But, the per copy cost pales compared to the entire program costs for each. The F-22 program is expected to cost $65BN for 168 aircraft with an average cost of $338MM per aircraft while the F-35 program is expected to cost $382BN for 2,443 aircraft at an average cost of $156MM each. The F-35 program is expected to be the single biggest defense program ever.
At least, I provided analysis. Would you care to support your opinion with some analysis too? Also try to separate analysius from facts. So far you show that you are completely unaware of the factual side. Lets' go step by step... First, great info from Martinghoul. From http://www.law.harvard.edu/programs/about/pifs/llm/sp26.pdf you can see that: 1) Russia took responsibility for 100% of Soviet Union debt... though based on an agreement with other former Soviet states, Russia could have taken on only 61% of the total. 2) Russia never defaulted on the actual Russian (as opposed to Sovient Union) international debt (which means even at the peak of the crisis all payments went on schedule). 3) Russia has fully repaid IMF loan in 2005. http://www.emergingmarkets.org/Arti...id-its-debt-to-the-IMF-ahead-of-schedule.html 4) Russia has fully repaid Soviet-era debt to other states (known as Paris Club) http://news.bbc.co.uk/1/hi/business/5271122.stm 5) Soviet-era debt to foreign banks (known as London Club) was issued to Vneshtorgbank. Given these bonds were issued by a company that was not a bank under Russian law and was owned by non-existing Soviet Union, the debt was most likely unenforceable under English Law. However, Russia negotiated approximately 50% principal reduction and exchanged the debt into Russian eurobonds (on which Russia has kept paying on schedule) and in 2010 has paid out the part of the debt which wasn't coverted into Eurobonds. http://en.rian.ru/business/20100125/157676752.html In comparison, investors in Russian domestic debt after default 1998 received only 5 cents on the dollar (taking into account rouble depreciation). If you actually read my post, you'll find out that growing domestic debt US-style didn't work out so well for Russia in 1997-98.
1. The $30 billion estimate is just one estimate of many, all ranging from $9 billion to $30 billion. 2. That cost is over 30 years. 3. The new planes are needed to replace Canada's current fleet of CF18s that will be nearing the end of their useful life shortly. Please stick to your battle against the Rothschilds and the Fed instead of pretending to have any knowledge in other areas.
A misprint has sneaked into my post should read "5) Soviet-era debt to foreign banks (known as London Club) was issued by Vnesheconombank."
It's OK, somehow I don't think our friend lfred would notice. I get the feeling attention to detail isn't exactly his strong suit .
God, you're a real gem... So the Russian govt (borrower) is lying and the IMF/World Bank/Paris Club (creditors) are all lying as well? Ah, I know it was the aliens! The IMF/World Bank funds are backed by the guarantees of the member govts, as well as 2,814.1 metric tons of glod. You also seem to have ignored that Russia repaid the loans from 2005 onwards, at which time the Russian economy had emerged from the crisis and received a boost from high oil & gas prices. So yes, conditions after the crisis were deplorable for a few years, but by 2005 revenues into the Russian stabilisation fund had grown to the point where Kudrin could repay the loans from the change he had jingling in his pockets. As to the rest of your post, I think it's hopeless, so I am not going to even try.
people who care don't know, people who know don't care. There were huge new loans to Russia, but most of it had already stolen before it ever reached to Russian, most money just stayed on someone's balance sheet. Russian just devalued its currency progressively. IMF and BIS worked together to tax Russia international trade, schemed off Russia gold reserves. Major goals were to break up USSR, which was a extremely inefficient organization at its last breath, put Russian on new EUR standard and expanded NATO influences. I would say the Russian default worked very well according to plan at 4/5 stars.
What about all the revenue from export of natural resources? Oil price has gone up 5-fold from $20 per barrel to $100. I understand you don't believe Russia had $484 bln in currency reserves in 2008 either. https://02varvara.wordpress.com/200...-hard-currency-reserves-are-at-record-levels/. Time to put on a tin foil hat In taking on 100% of Soviet debt they had an ulterior motive. First, this allowed Russia to also inherit 100% of the debt owed to former Soviet union. Although large part of it was owed by some of the poorest nations who were not going to pay up any time soon, being a creditor affords certain influence (think IMF). Second, this settled any complaints about Russia taking over all of the Soviet property abroad: embassies, banks etc