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Ukraine Currency Crashes To Record Low
Russia's earlier "default" warning (or threat) has not just impacted Ukrainian bonds but the currency is crashing. The Hyrvnia is down a stunning 6.8% today - the biggest drop since Feb 2009 - to a record low 9.8 to the US Dollar. This crisis is far from over and we would expect capital controls in 3...2...1...
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Hryvnia.
This chart is giving me a hernia
This is heading to default for someone. Will it be the banksters in the east, west or even both has yet to be determined.
Oh My GoX!
Someone stated on another thread that Austria's banks have huge exposure to Ukraine. Not sure if that's true but I hope it's true.
Had one of those, hurt like a bitch
Any currency that sounds like a science fiction city or some obscure part of a woman's reproductive system should be renamed after it collapses.
Well, it looks like they couldn't afford the gas anyway...
I am sure the IMF will be happy to enslave them...
And that's how it's done friends!!!!!!
Straight from the play book of "the company"! Chapter is titled, "how to collapse a proxy government in less then a year"
And it looks like they did it in less then 6 months, nice work boys and girls, who's next??????
Ukraine (major nature gas infrastructure and distribution hub) ........check
Venezuela are you watching?? (Major oil assets) ........in progress
Turkey (strategic military point, oil and gas pivot point) .......in progress
Syria (strategic military point, oil and gas pivot point)!.........fail
Iraq (oil)........check
Libya (oil) ........check
The list goes on..........the only question that remains is, if and when will the other two players on the planet, step up and engage?????
oh well, time to buy Argentinian peso again.
I guess this guarantees another all time high for the S&P? After all...why not?
I told you guys you shouldn't have named it the "hyrvnia".
It sounds like some diminutive Himalayan rock-dwelling rodent.
SirI beleive you refer to the hyrax.
A noble rodent if ever there was.
No, I believe that the hyrax is actually part of the female anatomy.
Too late for capital controls, I think the foreign FI's have relocated the servers housing their Ukraine digits to friendlier terrain where whey can fight over valuations & EUSSR/USSA financed banker subsidy injections on their own terms.
So now we can add Ukranians to the list of folks who hate bankers. Who are the holdouts at this point besides govts?
Short the F-OUt of it again.
So this is the new EU and US policy? To seek out and support failing currencies and economies?
Finally... a place into which to funnel fiat USDs, and hope that something useful pops out.
But it's not a turf war between Currency and Energy cartels, right? Right. Pffff.
If I'm not mistaken, for capital controls to be imposed Ukraine would need more "functional government" and less "about to be invaded by Russia".
Buy the dip!
Russia and Argentina are in default