The article above documents how the US sanctions are inducing Russia to stop paying debt due in Euros and Dollars. Who holds a lot of this debt? Not the US that is sanctioning Russia. The leading banks holding this debt are European banks.
Now the US and its vassals can compensate the bondholders from the Russian assets seized by these governments. But then Russia will retaliate by doing the same to the assets in Russia of companies and financial institutions from these countries. Which will have to be taken as a loss by them.
So the net effect will be a bunch of European financial instiutions will take a bath here - and that in turn will be a financial loss to the financial holdings and pensions of Europeans people.
For what? A needless war that enriches oil companies and mainly America weapons makers along with some European ones.?
Good article.
On you last point "War is a racket", there is more ahead:
https://theconversation.com/russian-debt-default-two-experts-explain-what-it-means-for-russia-and-for-global-financial-markets-186130
The article above documents how the US sanctions are inducing Russia to stop paying debt due in Euros and Dollars. Who holds a lot of this debt? Not the US that is sanctioning Russia. The leading banks holding this debt are European banks.
Now the US and its vassals can compensate the bondholders from the Russian assets seized by these governments. But then Russia will retaliate by doing the same to the assets in Russia of companies and financial institutions from these countries. Which will have to be taken as a loss by them.
So the net effect will be a bunch of European financial instiutions will take a bath here - and that in turn will be a financial loss to the financial holdings and pensions of Europeans people.
For what? A needless war that enriches oil companies and mainly America weapons makers along with some European ones.?
Crazy.