Late on Friday, Moody’s announced the upgrade of Russia’s economy from Ba1 to Baa3, acknowledging the “positive impact” of government policies that managed to strengthen the country’s already robust public finances and may potentially help Moscow withstand possible US sanctions. The agency noted that Washington is highly likely to introduce further anti-Russian sanctions in the coming months. The new measures by the White House could “be contained without material damage to the country’s credit profile,” Moody’s said.Normally the bond raters follow Wall Street's Deadthink assumptions. Wall Street assumes that other countries are not alive. When US imposes sanctions on a country, the country collapses, just like striking a house with a bulldozer. Moody's recognizes that Putin is ALIVE. Putin understands Graybill's Law and knows how to break out of sanctions. There are other predisposing factors aside from Graybill. The Soviet system gave Russia the tremendous advantage of NO DEBT. Putin was smart enough to retain this advantage, switching to real capitalism instead of Goldman debtism. When a LIVING country with a wide variety of skills, profitable industries, and low existing debt, decides to issue a bond, the purchasers can expect the country to repay with interest.
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