Moody's downgrades Russia's sovereign credit rating by six notches to "junk" status

Didn't they already default on some shite? Seems like "junk" is still too high of a rating.

I sat on a call today with an Eastern European money manager giving his overview of the situation. He said between sanctions and defaults, the oligarchs have now lost about $1 Trillion. If that's true, just seems like an overthrow of Putin is in the works.

All institutions have been captured....credit rating agencies, sports leagues, financial institutions, etc.

They all exist now to do the bidding of their masters.

Nothing from any institution should be trusted anymore.

I seem to recall, about ten or so years ago, Russia buying an absolute shite ton of gold. I believe tge ruble has the highest gold backing of any State currency. F y i.