The Roman Catholic Cathedral in Moscow. The Catholic Church is not interested in "poaching" the Orthodox faithful in Russia from their Orthodox congregations, but rather in preaching the Gospel to unbelievers in Russia. Despite bouts of intense…
The Apostle Paul preaching in the synagogue of Damascus. Paul was a Jewish rabbi and persecutor of Christians until he became a Christian. While before this point all of the Christians were of Jewish background, God sent Paul to preach the Gospel to…
In 1917 in Fatima, Portugal, accompanying a miracle that was seen by 50,000 people, three young children, including Lucia de Jesus Santos, saw several apparitions of the Virgin Mary. One of the messages was a vivid vision of hell. Another of her…
This chart shows the yields (on an annually adjusted basis) of Russian short-term, ruble-denominated bonds, called GKO's. During the mid-90s, foreign investors poured money into GKO's driving yields down from over 100% in 1995 to as low as 17.2% in…
This is a graph of the nominal ruble exchange rate over time. The ruble starts at the strongest level and depreciates over time. When the ruble was first allowed to float in 1998, it depreciated by 75% before stabilizing. The ruble depreciated again…
This chart shows the yields of Russian ruble-denominated corporate and municipal debt. Both issuances started around 2003. From around 2003-2008, yields on municipal and corporate bonds declines by almost 50% from almost 12% per year to around 6% by…
This chart shows the yield of the 10 year ruble denominated bond. The yield on this bond spiked during periods of uncertainty such as 1998 and 2008 and declined in periods of optimism. The yield was particularly low between 2003-2008.
This is a chart of the ruble denominated debt in Russia. It includes sovereign, municipal, and corporate debt. The scale on the right is billions of USD. The large run up in 1998 is of sovereign debt, which goes back to almost zero when the Russian's…
This is an image of various Russian bond certificates over time. After purchasing a bond, an investor would receive a certificate like this. The image includes bond certificates issued by the Imperial government, the Soviet government, and by the…