- Joined
- 9 June 2011
- Posts
- 1,926
- Reactions
- 483
Can one of you guru's explain this to me?
Sounds like it's spiraling out of control?
Currency crash + reliance on oil, huge interest rate increase yesterday
what's the cause and effect of all of this - I'm just not as close to this type of action as I once was.
In an effort to prop up the currency and stem the flight of capital, in June 1998 Kiriyenko hiked GKO interest rates to 150%.
Saudi Arabia sickens me.
Skc just because they act so democratic or try to portray that image but they have so much blood on their hands. Try to destablize other countries for money yet they are filthy rich. Less so woth russia and more so by destroying middle eastern countries to interupt oil supply etc. My opinion could be dead wrong. My dads opinions have rubbed off on me haha.
I mean act as they are fair and just. Haha. Atleast I learnt something new.
Saudi Arabia is one of approximately thirty countries in the world with judicial corporal punishment. In Saudi Arabia's case this includes amputations of hands and feet for robbery, and flogging for lesser crimes such as "sexual deviance" and drunkenness. In the 2000s, it was reported that women were sentenced to lashes for adultery; the women were actually victims of rape, but because they could not prove who the perpetrators were, they were deemed guilty of committing adultery.[12] The number of lashes is not clearly prescribed by law and is varied according to the discretion of judges, and ranges from dozens of lashes to several hundreds, usually applied over a period of weeks or months. In 2004, the United Nations Committee Against Torture criticized Saudi Arabia over the amputations and floggings it carries out under Sharia. The Saudi delegation responded defending "legal traditions" held since the inception of Islam 1,400 years ago and rejected interference in its legal system.
Saudi Arabia also engages in capital punishment, including public executions by beheading.[13] The death penalty can be imposed for a wide range of offences[14] including murder, rape, armed robbery, repeated drug use, apostasy,[15] adultery,[16] witchcraft and sorcery[17] and can be carried out by beheading with a sword,[15] stoning or firing squad,[16] followed by crucifixion.[17] In 2005 there were 191 executions, in 2006 there were 38, in 2007 there were 153, and in 2008 there were 102.[18]
Due to the political and economic uncertainties regarding Russia, underlying market conditions are such that AxiTrader has made the decision to suspend trading in the Russian Rouble until further notice.
The Effective Date for ceasing to offer the USD/RUB & EUR/RUB will be Close of Business 5:00 PM MSK (Moscow time) December 23, 2014 (3:00 PM platform time [GMT+2]).
I just meant the fact that they try to act like theyre a part of a civalized global society while they are cuasing blood baths is disgusting.
I've lived in a country that has borders with Russia and I am familiar with their mentality. Most of Russians are poor, very poor, and they love drinking vodka. For breakfast, lunch and super. During weddings, birthdays, weekends and afternoons, after work (and many during work hours).
They say " we are poor, but our country is big and great" . And after they drink up 0.25l of vodka in one go, followed by a marinated cucumber and black bread. They are extremely proud of themselves, but poor. Vodka is the key for life in Russia. You go somewhere-bring a bottle with you.
Most of Russians don't feel that economy is in bad shape, because for most of them life was always bad and they don't care or even notice that a crash is in progress.
Back on Russia, it's really a one trick pony. Without oil and gas there isn't much left in Russia. Who would go and put money into Russia, they've shown pretty clearly over the years that they're quite happy to seize assets when they feel like it.
When you do **** like this, should you really be that surprised at capital flight?
http://www.theguardian.com/world/2006/dec/12/business.oil
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?