« on: September 16, 2014, 04:42:29 PM »
Interesting . . . I wonder what Vlad's response will be.
Moscow warns against panic as ruble plunges to historic lows
AFP By Anna Smolchenko
2 hours ago
Moscow (AFP) - Russian authorities told people not to panic on Tuesday as the battered ruble plunged to record lows, floored by tensions with the West over Ukraine, new sanctions and falling oil prices.
The national currency fell to 38.82 rubles per dollar after weakening on Monday to below 38 against the dollar for the first time.
It also broke through the symbolic level of 50 rubles per euro for the first time in several months.
The ruble has slumped as investors fret about the impact of ever more stringent Western sanctions on the economy, which is already teetering on the verge of recession.
Ordinary Russians said they were concerned that a weaker ruble would drive up inflation and make foreign trips and foreign currency-denominated purchases an increasingly unaffordable luxury.
This might have some 'unforeseen consequences.'
http://news.yahoo.com/ruble-plunges-sharply-against-euro-dollar-110647010.htmlSaint's note: If a mod thinks this should go in the BN forum, please move it there.
Logged
"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson
"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him. God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible
"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor
Chase her.
Chase her even when she's yours.
That's the only way you'll be assured to never lose her.
