24th September, 2008
(John Laughland for RIA Novosti) – There used to be a habit of framing old Tsarist bonds and putting them on the wall. Lenin’s decision to renege on the Russian imperial debt meant that it became mere paper, interesting only as a historical relic.
In the light of the recent financial crisis in the USA, could the same thing happen now to the bonds issued by the American government, and could the country which has dominated the world for the last half century now enter history as a bankrupt state? And what can Russia do in the circumstances?
In These New Times 