Quote:
Originally Posted by Vendot
Well Russia defaulted.......... if you want to know how long it took them to recover, take a look at them now. Today they are a BRIC nation.
Having said that, I think the consequences of default are HUGE. Make no mistake - there is bound to be a bunch of very, very negative consequences.
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We won't be able to rely on sky rocketing oil prices and massive foreign investments and loans to fuel recovery as Russia did.
And Russia today is still a broken shit hole with an "iffy" currency.
