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Belarus In Full-Blown Hyperinflation Panic: Blocks News, Online Stores; Bans All FX Trading For 2 Years

Tyler Durden's picture




 

"We have to do something with these Belarussian rubles," exclaims one Belarussian as she shops to turn worthless rubles (BYR) into physical assets. As AFP reports, The Belarussian currency was dragged down by the slide of the Russian ruble last week, leading authorities to impose draconian measures, forbid price increases even for imported goods, and warn people against panic. Now, however, in an effort to stem the flood of hyperinflating domestic prices, authorities have blocked online stores and news websites to stop the run on banks and shops as people scramble to secure their savings. One of the blocked news websites noted, it "looks like the authorities want to turn light panic over the fall of the Belarussian ruble into a real one," calling the blockages "December insanity."

And indeed they have stepped up the insanity, extending the halt in FX trading...

Today the Belarus central bank shocked its own population when it also announced full-blown capital controls designed, releasing additional measures to stem the "negative trends of currency and financial markets " including raising mandatory sales of FX revenue to 0%, suspending all OTC FX trading (so pretty much all FX), introducing a 30% fee on all FX purchases, "recommending" that banks halt BYR lending until February, and sending 1-yr interest rates on liquidity operations with banks to a eyewatering 50% in hopes this leads to an increase in BYR deposit rates. It will. What it won't lead to is stabilization in the deposit market as the natives realize they too are next up on the hyperinflation train.

 

End result:

through 2017...

  • BELARUS HALTS OTC TRANSACTIONS IN FX UNTIL 2017: INTERFAX

UPDATE: Belarus Overnight Deposit Rate surges to 49%

 

 

As AFP reports,

Belarus blocked online stores and news websites Sunday, in an apparent attempt to stop a run on banks and shops as people rushed to secure their savings. In a statement Sunday, BelaPAN news company, which runs popular independent news websites Belapan.by and Naviny.by, said that the sites were blocked Saturday without any warning.

 

"Clearly the decision to block the IP addresses could only be taken by the authorities because in Belarus the government has monopoly on providing IPs," it said.

 

Other websites blocked Sunday were Charter97.by, BelarusPartisan.org, Udf.by and others with an independent news outlook. The blockage started on December 19, when the government announced that purchases of foreign currency will be taxed 30 percent and told all exporters to convert half of their foreign revenues into the local currency.

 

"Looks like the authorities want to turn light panic over the fall of the Belarussian ruble into a real one," Belarus Partisan website wrote, calling the blockages "December insanity." Internet shopping websites were also blocked en masse. Thirteen online stores were blocked Saturday for raising their prices or showing them in US dollars, deputy trade minister Irina Narkevich said, Interfax reported.

 

The government announced a moratorium on price increases for consumer goods and ordered domestic producers of appliances to "increase deliveries" and keep prices the same at the risk of their management being sacked. Belarussians lined up for hours to clear out their bank accounts and swept store shelves to secure their savings, stocking up on foreign-made appliances and housewares.

 

The Belarussian ruble has lost about half of its value since the beginning of the year, having been hit hard by the depreciation of the Russian ruble since its economy is heavily dependent on its giant neighbour. With foreign currency swiftly depleted in exchange offices, Belarussians even launched a black market website dollarnash.com where individuals could buy and sell dollars and euros.

This follows the previously noted implementation of a 30% FX transaction tax, which however now that all OTC FX trading is banned for 2 years or longer, will hardly be collected.

$ 460 million will bring to the Belarusian budget introduction of a 30% tax on the purchase of foreign currency in Belarus. This is the TV channel "Belarus 1" said First Deputy Minister of Finance of the country Maxim Ermolovich.

 

"Given the daily supply and demand in the foreign exchange market budget revenues will amount to about 5 trillion Belarusian rubles, or $ 460 million at the exchange rate of the National Bank", - he said. Recall, December 19 NBB announced the introduction of December 20 temporary levy of 30% on the purchase of foreign currency for individuals and legal entities in connection with the sharply increased demand for foreign currency in the domestic market of Belarus. Legal persons will pay the tax on the stock exchange, and individuals - in the form of bank commission when buying foreign currency.

As a result, expect to see more of this...

 

Keep in mind that the scenes shown above are what the BOJ, the ECB and the Fed would dub "success."

 

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Mon, 12/22/2014 - 12:37 | 5581213 Socratic Dog
Socratic Dog's picture

Think I'm starting to like Belarussans.

Mon, 12/22/2014 - 18:39 | 5582640 SAT 800
SAT 800's picture

What their nasty little Fascist Asses want and what they're gonna get are two different things.

Mon, 12/22/2014 - 09:37 | 5580604 cherry picker
cherry picker's picture

So what do they do?

Buy flat screens and electronic junk which will be worth less than the ruble.

Insanity is not only with .gov, it is also with the people.

That is everywhere.....

Mon, 12/22/2014 - 09:50 | 5580636 Arnold
Arnold's picture

Tablet pictures, limited inventory, couldn't squeeze into the consumables stores because they still have heat.

Mon, 12/22/2014 - 09:54 | 5580645 Arnold
Arnold's picture

Physical is just not PM, electronics a bit farther down the scale, and if you survive the initial rush it will be physical skill that will be 'marketable'.

Mon, 12/22/2014 - 09:58 | 5580652 curbjob
curbjob's picture

Every serf needs a flat screen for their dose of Central Bank News Service ... how else can the slavery continue ?

Mon, 12/22/2014 - 09:48 | 5580605 humblemechanic
humblemechanic's picture

Cause is the effect concealed, effect is the cause revealed....Cause = high liqudation in paper currency, effect = hyperinflation from The epicenter of all problems, USA

Mon, 12/22/2014 - 09:39 | 5580606 pods
pods's picture

When that comes to Amerika, there will be red all over the floor and the buildings will be on fire.

pods

Mon, 12/22/2014 - 09:52 | 5580643 Arius
Arius's picture

Never Ever in this country!

 

This country is resiliant, it fouls you into thinking could be done here too, but when push comes to shelve this country always comes out ahead. This country is exceptional - you bet at your own risk.  Dont say you were not warned because you are!

Mon, 12/22/2014 - 10:10 | 5580691 mayhem_korner
mayhem_korner's picture

"push comes to shelve"

 

Just cements the credibility of yer post.

Was it over when the Germans bombed Pearl Harbor?

Mon, 12/22/2014 - 10:28 | 5580756 pods
pods's picture

Forget it, he's rolling.

Mon, 12/22/2014 - 11:02 | 5580866 IridiumRebel
IridiumRebel's picture

Germans?

Mon, 12/22/2014 - 11:08 | 5580883 pods
pods's picture

Schwartz (pods) created a slight breach of etiquette by skipping the triple dare and going right for the throat!

Mon, 12/22/2014 - 11:14 | 5580905 Blano
Blano's picture

Please tell me you left the sarc tag out.

Mon, 12/22/2014 - 11:12 | 5580899 Blano
Blano's picture

Winning post of the day here already.

Mon, 12/22/2014 - 13:15 | 5581361 Zorrohodge
Zorrohodge's picture

I actually liked push comes to shelve 

 

nice pun

Mon, 12/22/2014 - 19:35 | 5582861 Anunnaki
Anunnaki's picture

It's foul indeed

Mon, 12/22/2014 - 11:09 | 5580887 Volkodav
Volkodav's picture

what you mean, when?

look very calm compare to US "black friday" Walmart riot with security force, police and ambulance

 

Mon, 12/22/2014 - 13:02 | 5581321 pods
pods's picture

If you think that a typical mob vying for some cheap priced, cheap ass goods is the same as people trying to get necessities for their families during a collapse, you are a BIT mistaken.

pods

Mon, 12/22/2014 - 18:47 | 5582677 SAT 800
SAT 800's picture

https://www.youtube.com/watch?v=CaUCF6YbjwU  World's best light machine gun. Good for following Pollacks back to Lvov.

Mon, 12/22/2014 - 11:14 | 5580907 Eyeroller
Eyeroller's picture

No blood in the streets in the USSA.  Not until people feel real pain like our grandparents did.  There's a reason why millions more are on food stamps under Obozo. 

Mon, 12/22/2014 - 09:41 | 5580611 RyeWhiskey
RyeWhiskey's picture

That's negative inflation right there...

Mon, 12/22/2014 - 09:41 | 5580613 Quinvarius
Quinvarius's picture

Belarus is just a future battlefield in Obama's WW3.  The money is leaving.

Mon, 12/22/2014 - 09:42 | 5580614 wesson
wesson's picture

Oh no, they can't buy the latest 3D flatscreen...

 

ohmygod, it's f**cking nothing. Expect everything going back to normal after new year's eve ...

 

 

Mon, 12/22/2014 - 09:44 | 5580617 Bold Eagle
Bold Eagle's picture

Belarus = Venezuela - oil

Mon, 12/22/2014 - 10:12 | 5580692 fightapathy
fightapathy's picture

 

Venezuela = Belarus - really cool Soviet tractors

Mon, 12/22/2014 - 10:46 | 5580776 Volkodav
Volkodav's picture

dup

Traktor

Mon, 12/22/2014 - 11:18 | 5580929 quasimodo
quasimodo's picture

Sorry, but I would not give a plug nickel for a Belarus tractor

 

Mon, 12/22/2014 - 11:41 | 5581007 Volkodav
Volkodav's picture

As long as your world not upset...

After EMP? 

Old Traktors still run

New Deere impossible

 

 

Mon, 12/22/2014 - 16:50 | 5582200 SAT 800
SAT 800's picture

You're damn right. And a PKM will still run in a frozen desert after two weeks under water. Russians build stuff that's fucking indestructable. The PKM spits out the intact metal belt on the left side alone with the empites; and your granny or a kid or whoever is available can fill the belt up again from a can of rifle cartridges and stick the filled belt back in the right side of the PKM and away you go. This is unique. It's probably the best light machine gun in the world.

Mon, 12/22/2014 - 09:44 | 5580618 therover
therover's picture

Nice fur coat

Mon, 12/22/2014 - 09:46 | 5580624 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

Bitcoin user not affected.

Mon, 12/22/2014 - 09:49 | 5580632 Bangin7GramRocks
Bangin7GramRocks's picture

The NSA/CIA could wipe out Bitcoin quicker than you drop a load on your keyboard watching Tranny porn.

Mon, 12/22/2014 - 10:03 | 5580669 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

If they can wipe Bitcoin be sure they can wipe the entire banking system, hell even the command of the nuclear warhead...

That day the question of whipping Bitcoin or not will be the last of your worries.

Mon, 12/22/2014 - 12:49 | 5581253 83_vf_1100_c
83_vf_1100_c's picture

  The .gov is a slow stupid elephant. When the day arrives that BC even tries to go mainstream watch the .gov squash it. Or, find a way to tax it. In the meantime, have fun playing with your digits.

Mon, 12/22/2014 - 12:57 | 5581294 Zorrohodge
Zorrohodge's picture

How exactly could they 'wipe it out'? Seriously without destroying every copy of the blockchain record on the millions of computers in the world with copies, how?

Mon, 12/22/2014 - 15:14 | 5581875 metaforge
metaforge's picture

Try to spend it once they hit the kill switch.  Ain't much of a currency if you can't spend it.

Mon, 12/22/2014 - 16:19 | 5582118 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

They don't understand that if they break cryptography behind Bitcoin, nothing will be secure anymore: your bank account, your code on Internet, your protected document, secret military document, and the nuclear warhead command...

Breaking SHA 256, ECDA is very unlikely, and Bitcoin could change the crypto before any serious compromising.

And I don't explain also that the creator of BC selected a cryptographic curve that wasn't approved by the NSA, meaning that there is little chance that the NSA have put back-door on it.

When we discovered that SHA1 was compromised, it took years before seeing effective attack on it.

Mon, 12/22/2014 - 14:13 | 5581622 theporkchopexpress
theporkchopexpress's picture

lickety-split

Mon, 12/22/2014 - 16:46 | 5582185 1Inthebeginning
1Inthebeginning's picture

agreed.  bitcoin not safe. tor is hackable if mistakes made.  http://www.wired.com/2014/12/fbi-metasploit-tor/

Mon, 12/22/2014 - 09:50 | 5580637 silverer
silverer's picture

And a lot of other currencies, so far...

Mon, 12/22/2014 - 10:16 | 5580718 babkjl
babkjl's picture

Ah, you beat me to it! Exactly what I was going to post.

Mon, 12/22/2014 - 09:47 | 5580629 cabernet
cabernet's picture

When will people learn that all fiat currencies eventually fail. Government deficites hasten the process of course as they always borrow until they cannot with the intention of never paying back the debt either outright or in purchasing power terms.

Mon, 12/22/2014 - 11:29 | 5580958 UselessEater
UselessEater's picture

A few may know but even so many of us small peeps are trapped and encircled by the web of regulations.

We are not stupid, we just cannot meet so many bloody 'new' laws its a mine field trying to work out how not to end up in jail for a simple honest move to another country with ones life savings in tact to some degree.

AUD down 20% plus.... hurts a few like me, but not the local masses in the short term (ie day to day perception). Situation normal and not discussed... 20% drop and 30% desired is OK? WTF?

 

Mon, 12/22/2014 - 09:59 | 5580634 Freddie
Freddie's picture

Looks like Ferguson, MO or KMart or Sears after Christmas when they go Chapter 7.

Mon, 12/22/2014 - 11:17 | 5580915 Eyeroller
Eyeroller's picture

Yeah, but at least the items in Bularus were PAID for.

Mon, 12/22/2014 - 09:52 | 5580638 PaperBear
PaperBear's picture

Coming to a store near you very soon.

Mon, 12/22/2014 - 09:54 | 5580641 HowdyDoody
HowdyDoody's picture

Hmm, I'm sure it is pure coincidence that an ally of Russia is suddenly hit by financial problems. Maybe they need to host a few NATO bases to insure financial stability?

Mon, 12/22/2014 - 09:55 | 5580649 silverer
silverer's picture

I wonder if they'd be seeing this problem if their currency was backed with gold? Gee, what do you think? All paper eventually ends up in the same trash bin of history.

Mon, 12/22/2014 - 10:41 | 5580805 exi1ed0ne
exi1ed0ne's picture

Yes, and it would be worse for a variety of reasons.  Mainly because gold would enforce honesty in a dishonest game, forcing the one player to follow the rules while everyone else cheats like a mofo.  Everyone is trying to export their way to prosperity, and that means falling currencies make your goods more attractive in foriegn markets.  The race to the bottom is a real thing and won't ever stop until we hit bottom.

Besides, I could give a crap about what paper is backed with.  All just more empty promises.  Suuuuure you have all that gold in Ft. Knox.  Wake me when we have something gold backed and convertable by the masses.*

*Technically it is convertable in the open market for whatever someone is willing to trade for, but if a dollar is equal to 5 grains of gold (snicker) per govt "backing",I should be able to go to a Federal mint and exchange for it - like the good old days nobody alive remembers.

Mon, 12/22/2014 - 09:56 | 5580650 sheikurbootie
sheikurbootie's picture

They're buying electronics, not to use, but as a store of value.  So many millennials have never travelled the world to understand the dynamics of the system.  But, you're one of the first to open your fucking pie hole and spew shit. 

The point of the article is that there's a fracture in the world's dam of fiat currencies.  Will it be enough to flood the world?  War?  Fiat currency is only valuable to the people as long as the perception is that it's real money.

Mon, 12/22/2014 - 09:58 | 5580654 silverer
silverer's picture

Yes, there's a thin line between what happened there and all the rest of the paper. We've now finally gotten a demonstration of where one of the edges are. Meanwhile, the black swans circle...

Mon, 12/22/2014 - 10:04 | 5580667 Arnold
Arnold's picture

I haven' seen any Bitchez lately.

Replaced by folks i guess.

Mon, 12/22/2014 - 11:17 | 5580923 Eyeroller
Eyeroller's picture

We folked some bitchez...

Mon, 12/22/2014 - 16:52 | 5582213 SAT 800
SAT 800's picture

Stop it ! You're killing me here; it only hurts when I laugh.

Mon, 12/22/2014 - 16:53 | 5582208 SAT 800
SAT 800's picture

Not bad; very poetic.

Mon, 12/22/2014 - 10:03 | 5580665 NoWayJose
NoWayJose's picture

Great point - rather than give my fiat to a bank at almost no interest I have shelves full of small appliances, camping gear and other 'stuff'. I am betting that my 4 vacuum cleaners will be worth a lot more in a few years than the amount of interest I am missing.

Mon, 12/22/2014 - 10:05 | 5580672 Arnold
Arnold's picture

Electricity is not a human right.

 

Mon, 12/22/2014 - 10:12 | 5580693 IridiumRebel
IridiumRebel's picture

neither is water....supposedly

Mon, 12/22/2014 - 09:56 | 5580651 AbbeBrel
AbbeBrel's picture

Looks like the poem is finishing another stanza (History doesn't repeat but it rhymes):

 

http://www.zerohedge.com/article/welcome-hyperinflation-hell-following-c...

and 

http://www.spiegel.de/international/europe/uprising-in-belarus-internet-...

and the currency chart looks a lot like a series of waterfalls :

https://www.google.com/finance?q=CURRENCY%3ABYR&ei=niKYVJH3HOvCwAPMxoDQCA

(click all for the waterfall view)

Mon, 12/22/2014 - 11:24 | 5580944 Usurious
Usurious's picture

Luv reading the old ZH articles and comments, especially inflation/deflation debates........

Mon, 12/22/2014 - 09:58 | 5580655 missing link
missing link's picture

This would benefit most people in the West - everyone is deep in debt, not much +ve cash in their accounts. If they had their cash in gold, no problem.

Mon, 12/22/2014 - 09:58 | 5580658 Seasmoke
Seasmoke's picture

We NIRP some folks.....

Mon, 12/22/2014 - 10:28 | 5580762 Realname
Realname's picture

As long as its not the dreaded 'purple nirp(le)'.

Mon, 12/22/2014 - 10:00 | 5580660 alexmark2013
alexmark2013's picture
Central Banks Secretly Controlling all Futures Prices, Destroy Our Markets & Democracy - Chris Powell   http://investmentwatchblog.com/central-banks-secretly-controlling-all-futures-prices-destroy-our-markets-democracy-chris-powell/
Mon, 12/22/2014 - 10:19 | 5580724 Sandy15
Sandy15's picture

Uh, I've been saying this since March 2009. I wrote letters to Glenn Beck and Charles Biderman sending them copies of futures contracts purchased so far outside the money it was ridiculous. NO ONE would take the other side of that trade except another Fed account. One day make money in one account Maiden Lane I while loosing money in the other account Maiden Lane II, to only switch it the next day. The options would expire verses being sold, there by keeping the market up and floating higher and higher!!!!

Mon, 12/22/2014 - 10:08 | 5580674 yogibear
yogibear's picture

"Hyperinfation only occurs after major wars"

- Ben Shalom Bernanke

LOL, wait till it happens with Japan.

A preview for the US.

“The views of the Keynesians like Mr. Krugman is that the fiscal deficits are far too small. One of the problems of the crisis is that it was caused by government intervention with fiscal and monetary measures. Now they tells us we didn’t intervene enough. If they really believe that they should go and live in North Korea where you have a communist system. There the government intervenes into every aspect of the economy. And look at the economic performance of North Korea.”

- Marc Faber


 

 

Mon, 12/22/2014 - 10:13 | 5580696 NoWayJose
NoWayJose's picture

A Keynesian Black Friday 'wet dream'!

Mon, 12/22/2014 - 10:17 | 5580712 Grimaldus
Grimaldus's picture

So what is a troy ounce of Gold worth now in Belarus?

Grimaldus

Mon, 12/22/2014 - 10:18 | 5580717 Bernoulli
Bernoulli's picture

What I don't get is: Why would anybody in their right mind buy a bloody flat-screen with their soon to be worthless paper money instead of gold and silver coins????

Are those people out of their minds??

Mon, 12/22/2014 - 10:31 | 5580772 ILikeBoats
ILikeBoats's picture

A. They might not be able to get gold and silver.

B. If foreign goods are banned, or have a 30% price premium attached (since they have to be bought with foreign currency), it would seem that any foreign-made product will keep its value.

C. As to food, they prepare everything "from scratch" and while many have root cellars and many many jars (like 50 to over 100) of preserves, onions for instance won't be more than perhaps 10-20 cents per kilo; and with having smallish Soviet-era flats, they just won't have the space to store a lot of food.  $100 worth of onions would fill up their flat :)

Mon, 12/22/2014 - 10:32 | 5580774 ILikeBoats
ILikeBoats's picture

A. They might not be able to get gold and silver.

B. If foreign goods are banned, or have a 30% price premium attached (since they have to be bought with foreign currency), it would seem that any foreign-made product will keep its value.

C. As to food, they prepare everything "from scratch" and while many have root cellars and many many jars (like 50 to over 100) of preserves, onions for instance won't be more than perhaps 10-20 cents per kilo; and with having smallish Soviet-era flats, they just won't have the space to store a lot of food.  $100 worth of onions would fill up their flat :)

Mon, 12/22/2014 - 10:42 | 5580816 flyingcaveman
flyingcaveman's picture

D. The ones who can afford it are buying gold and silver, but the media isn't reporting it.  Wouln't want to cause a panic, you know.

Mon, 12/22/2014 - 11:01 | 5580868 Bernoulli
Bernoulli's picture

Just fell in love with your avatar.

Mon, 12/22/2014 - 10:48 | 5580831 Realname
Realname's picture

When everyone and their brother has 2 tvs, 3 toasters, and a MAXiPad I doubt theyre going to hold much, if any, value. As far as cooking, I cook everything from scratch and have 1000-1200 qt jars filled with all kinds of stuff. If they can store a bunch of useless gadgets, they can find room for food. Someone above said theyd sell me some frying pans to cook with. Its a good thing I found that dude...I may need some of those things some day.

Mon, 12/22/2014 - 12:47 | 5581250 ThisIsBob
ThisIsBob's picture

Shit, buy 2x4's.

Mon, 12/22/2014 - 18:45 | 5582673 cheech_wizard
cheech_wizard's picture

I invested in a cheap sawmill. I will sell you 2x4's. Or trade for them.

Standard Disclaimer: Welcome to Bartertown.

Mon, 12/22/2014 - 23:19 | 5583706 Volkodav
Volkodav's picture

Russian One Horsepower Chainsaw

https://www.youtube.com/watch?v=HRZCNG1VE1I

 

Mon, 12/22/2014 - 16:08 | 5581329 tarabel
tarabel's picture

 

 

Well, they lived through the collapse of the Soviet Union, the collapse of the Russian rubble in 1998, and all of the time in a soviet-style dictatorship since then. Maybe they know something about barter and goods scarcity that people in the West do not yet understand.

The key is to buy any capital good of any sort and then barter around afterwards. Get rid of your money today because it will buy even less tomorrow.

One thing people don't seem to realize is how unlikely it would be for a "buy gold and silver" strategy to work even here in the wealthy West. If there was a sudden rush by the general population, how long would it take to deplete the holdings of the small number of coin stores? What percentage of our population could pinpoint the location of even a single such establishment in their city?

Get your apocalyptic shopping done well before the ravening rush or else you will be doing the same thing as these poor people are doing today.

Mon, 12/22/2014 - 10:22 | 5580737 Bryan
Bryan's picture

Everyone remain calm while we screw with your life savings and inflate away all your saved earnings.

Mon, 12/22/2014 - 10:32 | 5580775 Catalonia
Catalonia's picture

life savings? in Belarus?

Mon, 12/22/2014 - 11:19 | 5580930 Volkodav
Volkodav's picture

Better compare US debt to Belarus

http://www.economist.com/content/global_debt_clock/

compare countries

 

 

Mon, 12/22/2014 - 10:25 | 5580751 paddy0761
paddy0761's picture

Not exactly a "Minsk-y Moment".

Mon, 12/22/2014 - 10:30 | 5580765 Jethro
Jethro's picture

I'm sure that this will be counted as strong Christmas sales here somehow.  Should be good for a few hundred green Dow points today.

Mon, 12/22/2014 - 14:56 | 5581820 agstacks
agstacks's picture

<slow clap>

Mon, 12/22/2014 - 10:41 | 5580812 Fix It Again Timmy
Fix It Again Timmy's picture

Need to clear excess inventory? - Call Crazy Eddie the HyperInflator and watch the shit fly off the shelves!!!

Mon, 12/22/2014 - 19:53 | 5582933 WmMcK
WmMcK's picture

His prices are in-sane.

Mon, 12/22/2014 - 10:46 | 5580813 Satprem
Satprem's picture

This giperdeflyatsm, the rising cost of goods, with the inevitable increase in interest rates, and as a result, growth in the value of money. Destruction of demand, and the destruction of the proposal.

After a quarter of two kollars...

And as a result the population is not no money products. Do not ask do not offer.

Mon, 12/22/2014 - 10:47 | 5580830 vegas
vegas's picture

Belarus today, the United States of Detroit tomorrow. The lesson of tyrannical governments is clear; it's better to be 10 years too early than 1 day too late. Protect yourself with assets and trading accounts outside the country you reside. There are plenty of places to go; pick one and enjoy the fruits of your labor. Go ahead, ask anybody in Belarus what they wish they had for Christmas.

 

www.traderzoo.mobi

Mon, 12/22/2014 - 19:56 | 5582944 tarabel
tarabel's picture

 

 

A free ticket and a green card?

Mon, 12/22/2014 - 10:51 | 5580840 YHC-FTSE
YHC-FTSE's picture

Poor bastards. These people never tried to pauperise me or done any harm to my nation. The carpet baggers will be out in force to flood the place with dollars, make whores out of their women and gangsters out of their men. Seen that up close in 3rd world countries around the globe more times than I care to remember.

Mon, 12/22/2014 - 10:54 | 5580850 Q-Q-Q
Q-Q-Q's picture

Bans everywhere in government preparation

Spain Takes a Giant Step Backward, Towards Its Dark Past

Here’s a quick breakdown of the financial sanctions the government seeks to impose (and, of course, collect upon) for acts of political protest or disobedience:

• Surrounding a government building: €30,000
• Criticizing or insulting the country, government or head of state during a protest or on social media: €30,000
• Participating in a demonstration that does not have the government’s prior approval: €100 – €1,000
• Organizing a demonstration that turns violent: €30,000
• Participating non-violently in a demonstration that gets out of control: €1,000
• Refusal to show personal documentation (I.D. card, passport) to the police: €1,000
• Uploading images of riot police in action that the government considers against their honor, intimacy or the public image of the police force: €100-€1,000.
• Taking part in a demonstration outside a political party’s headquarters on election day: €30,000-€600,000.
• Trying to prevent the forced eviction of a local resident, something that has become common practice among communities in recent years: €1,000-€30,000.

The list goes on and on while the fines rise and fall between €100 and €600,000.

 

http://wolfstreet.com/2014/12/20/spain-takes-a-giant-step-backward-towar...

Mon, 12/22/2014 - 11:27 | 5580951 Arnold
Arnold's picture

We be makin moola now bitchez................huh?

wat da ya meen we have to pay them?

Mon, 12/22/2014 - 12:12 | 5581128 Hongcha
Hongcha's picture

If protesting peacefully makes you poor, only poor people will protest peacefully.

Mon, 12/22/2014 - 11:02 | 5580865 The central planners
The central planners's picture

All that hyperinflation that is leaving Russia and Belarus where it going now?

Mon, 12/22/2014 - 11:03 | 5580871 BruntFCA
BruntFCA's picture

This is what US Big Box Mart stores are gonna to look like once the dollar implodes. ROFL.

Mon, 12/22/2014 - 11:12 | 5580895 SharkBit
SharkBit's picture

Why don't they just use Bitcoin.  Seems kind of simple.

Mon, 12/22/2014 - 11:12 | 5580897 mijev
mijev's picture

I bet Belarus pussy is cheap right now.

Mon, 12/22/2014 - 11:20 | 5580933 eishund
eishund's picture

oh it's free actually. many pussy cats in the streets.

Mon, 12/22/2014 - 11:17 | 5580916 Son of Captain Nemo
Son of Captain Nemo's picture
"Belarus In Full-Blown Hyperinflation Panic: Blocks News, Online Stores; Bans All FX Trading For 2 Years"

And the reason for this happening is?...  This is what American installed democracy looks like!

And this little gem, reported yesterday at pravda.ru, just about sums it up with regard to the dark, despotic turn of events in Ukraine. Poroshenko has proven himself just another US-sponsored tin pot dictator.

The media that express criticism of Ukrainian President Poroshenko will be automatically equated to “enemies of Ukraine” or “FSB agents,” with all ensuing consequences. Speaking on December 9 at the Verkhovna Rada, the head of the Bloc of Petro Poroshenko faction, Yuriy Lutsenko, said that intelligence agencies of Ukraine should deal with those mass media outlets that criticize the sitting Ukrainian authorities. “Neo-imperialists take efforts to internally disorganize the Ukrainian state. We have recently seen that the deadly germs of separatism that have brought a third of the Ukrainian Donbass to a state of catastrophe start growing in other areas,” said Lutsenko. He demanded the security forces of Ukraine should confront “anti-state elements and spies, as well as the fifth column of the Kremlin.” “We also demand the Bacchanalia of anti-Ukrainian separatism should be stopped in certain media outlets that are fed from abroad and are freely distributed in Ukraine in millions of copies,” said the MP. Noteworthy, Ukraine works to set up the “Ministry of Truth” that will deal with dissent of citizens. The new department is said to be headed by Poroshenko’s relative, Yuri Stets.

How deliciously Orwellian of Poroshenko, to do this right now!!

And who is this Stets guy?!?

He is closely aligned to Poroschenko, and has functioned as head of the Information Security Department of the National Guard, and former producer of the TV station Channel 5, which is owned by Poroshenko. Mike Rivero - WhatReallyHappened.com

Read more: whatreallyhappened.com http://whatreallyhappened.com/#ixzz3Mdk0Hxmx

 

http://www.globalresearch.ca/targeting-russia-escalates-washington-and-w...

http://www.theguardian.com/world/2014/dec/19/-sp-ukraine-new-ministry-tr...

Mon, 12/22/2014 - 11:35 | 5580982 frankinpetca
frankinpetca's picture

Don'y panic if there is a lack of large screen TV's to buy. Looks like it is going to be a good old family Xmas season with only local products available, who needs all that expensive foreign stuff. Are the foreigh sellers going to be angry they have lost anlther market for their expensive stuff. I expect the people will be buying local and helping their own economy if they are smart and I am sure the Russians will supply energy at a reasonable rate, since they are closly aligned. Belaruss was always considered a second class economy because of graft and corruption, thus they will no longer be able to afford the corrupters and grafters and send them to the Ukraine where they will feel right at home.

 

 

 

 

Mon, 12/22/2014 - 11:38 | 5580991 CHX
CHX's picture

Wow, empty stores... A real GDP booster. A bellwether of future happenings in your and every store around the globe ?  

Mon, 12/22/2014 - 11:48 | 5581035 iamtheeggman wh...
iamtheeggman whooooooooooooo's picture

AP Headline on Yahoo Finance says everythin is just dandy! Belarus Enjoys Bonanza! Hoss and Little Joe would be proud.

 

Belarus enjoys bonanza amid Russia-West tensions

 

http://finance.yahoo.com/news/belarus-enjoys-bonanza-amid-russia-west-te...

 

 

MINSK, Belarus (AP) — As relations between Russia and the West have sunk to their lowest point since the Cold War, there's one country that's reaping rewards — Belarus, whose authoritarian leader was once dubbed "Europe's last dictator" by the United States and the European Union.

Mon, 12/22/2014 - 11:58 | 5581073 dexter_morgan
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Belarus public debt per person - about $800

US public debt per person - > $45,000

 

Mon, 12/22/2014 - 23:00 | 5583644 Volkodav
Volkodav's picture

Economist World Debt Comparison

http://www.economist.com/content/global_debt_clock/

 

derivative liability not included

Mon, 12/22/2014 - 12:05 | 5581100 americanspirit
americanspirit's picture

All currencies are based on the "full faith and credit" of the central government. No currencies are backed with anything except promises. So why is everyone always so surprised when the promisers turn out to be liars and thieves.

All currencies have always ultimately failed because once you get the people to accept paper it is so easy to steal their hard assets.

Mon, 12/22/2014 - 12:08 | 5581114 yogibear
yogibear's picture

"All currencies have always ultimately failed because once you get the people to accept paper it is so easy to steal their hard assets."

Exactly!

Mon, 12/22/2014 - 12:07 | 5581107 yogibear
yogibear's picture

When this occurs in the US Fergusion will seem minor.

Watch out when EBT cards only buy a loaf of bread.

Mon, 12/22/2014 - 12:07 | 5581115 zipit
zipit's picture

Bitcoin users unaffected.

Mon, 12/22/2014 - 12:09 | 5581121 NewAmericaNow
NewAmericaNow's picture

Don't think for one moment that the US won't be even more draconian when it finally does happen here.

When the Global Sh#t Hits The Fan, You'd Better Have a Plan

http://newamerica-now.blogspot.com/2014/02/beyond-collapse.html

Mon, 12/22/2014 - 12:10 | 5581123 Lazane
Lazane's picture

western Zionist's are in full control of the peoples temples, only one person that I know that has the authority to turn these tables upon the earth

Mon, 12/22/2014 - 13:20 | 5581383 falconflight
falconflight's picture

I figured it out, finally, those Jooos caused the Tulip Bubble of 1637.  Thx for the tip.

Mon, 12/22/2014 - 16:04 | 5582060 MEFOBILLS
MEFOBILLS's picture

Actually, modern market mechanism were invented by 700 unlicensed Jewish stockbrokers of the then exchange  They were primarly sephardic Jews who followed the portugese to Amerstadam.  Why?  Because the east west gold exchange mechanisms had broken after Vasco de Gama discovered the Sothern Route.  So, spices and exchange landed in Amerstadamn adn the Jews flooded in over time.  Go back and look at the population statistics.

Silver would go out of the West and find Gold from the East.  The exchange rate differential passed to Portugal, which is why they got so rich in a hurray.  Jews then had to devise a new method of money power, and hence stock brokerage and debt instruments were invented.

Dutch corporations then came into existence, and corporation comes from corporeal, which is men at arms.  These corporations could enforce contracts using military means.

The dutch population got involved in the speculative mania of wealth being created by trade, hence ultimately to the tulip mania.

So... absolutely Jewish Tulip mania.  

Don't be snarky if you are a Joooo.  There are some of us Goyim that are not dumb animals ready to be eliminated, as so says the Talmud and Kabaaaallah.

 

I might add that this Jewish mechanism ultimately found its way to "city of london" through various scheming, and then Jumped to Wall Street.  This is the action of a parasite and its underlying principles get impetus from pschopathology inherent in the mysticism of its religion.  This parasitism is now acting like a cancer and spreading worldwide.

Lowful money is not private banker CREDIT attached to DEBT instruments.  Private bank credit by its nature wants to be above the law and "international."  This is a jewish mind construct and mechanism foisted on humanity.  A gullible humanity ready to deliver itself ...yes also.

Mon, 12/22/2014 - 13:25 | 5581404 paddyirishman
paddyirishman's picture

always two kike hasbara trolls downvoting anything that tells the truth about the money changers, falcon is definitily one of them

Mon, 12/22/2014 - 13:35 | 5581448 falconflight
falconflight's picture

Oh go plug your arse with a potatoe ya mickassed drunkard.

Mon, 12/22/2014 - 13:47 | 5581492 falconflight
falconflight's picture

The "truth?"  According to who, and based upon what?  And your credibility is certainly impecable considering the terms kike and hasbara.  Fuck you and your mother's cum filled ass that begot her only asshole baby.

Mon, 12/22/2014 - 14:26 | 5581689 silentboom
silentboom's picture

+1 for your use of a slur, they always leave me laughing for at least a few minutes.

Mon, 12/22/2014 - 13:40 | 5581461 falconflight
falconflight's picture

And Jesus of Nazareth was Jewish from the lineage of David. 

Mon, 12/22/2014 - 16:23 | 5582123 dexter_morgan
dexter_morgan's picture

And crucified by same.

Mon, 12/22/2014 - 19:54 | 5582931 MEFOBILLS
MEFOBILLS's picture

Jesus was more likely from Assyrian areas of the North, while Judaic tribes were Southern.   There is growing evidence that Ashkenazi Khazar Jews are Neanderthalic.  This genetic component added to Cro Magnon man may explain the hyper agression and anti social behavior inherent in this now Jewish group.  Semites seem to be Neanderthalic, and Khazars also.

This tribe/genetics gave us the Huns and other criminal gangs from the steppes of the Caucasus.  The story of Esau, with his overt characteristics (hairy and probably ape like) imply that neanderthal genes run rampant throughout the middle east, especially among the hai-baru.

It could also be that one son from each family was supposed to go to the temple.  In some ways temple priests can become predatory as they need to extract a living from their flock.  Too many priests then the population automatically tips over into parasitism.  

The Talmud is an oral history written down from sages.  These sages, then pharisees, were told by Jesus, I don't recognize your God.   Their god was not of Israel.  The God of the Kaballah is En-Soft, and he needs help for Tikkum.  He cannot go from A to C, but needs help from the Chosenites to get across B.

This pathological desire to control money and enlsave mankind might very well have a genetic component:  It is also true that other tribes exhibit psychopathy, but probably not to such a strong degree.

http://www.darkmoon.me/2014/they-are-not-like-us-by-jack-harper/

 

 

Mon, 12/22/2014 - 22:54 | 5583625 Volkodav
Volkodav's picture

Judah

not jewish

you try figure it out

 

Mon, 12/22/2014 - 12:57 | 5581282 kchrisc
kchrisc's picture

Enough bankster inflation to go around for everyone this Holiday season.

The banksters need to repay us.

Mon, 12/22/2014 - 13:00 | 5581308 Fix-ItSilly
Fix-ItSilly's picture

What again, no photos of the jewelry stores?

Mon, 12/22/2014 - 13:08 | 5581336 RacerX
RacerX's picture

Those look like Circuit City pics.

Mon, 12/22/2014 - 13:10 | 5581346 bluskyes
bluskyes's picture

Nobody's rushing out to spend their gold.

Mon, 12/22/2014 - 13:44 | 5581482 MeBizarro
MeBizarro's picture

Make a bet.  Getting your hands on perishable items like canned goods, consumer items, and especially antibiotics/meds/tools/etc are a hell a lot more useful and functional.  Never understand on here why people think gold in this kind of situation is useful.  It isn't and the other stuff I mentioned is a hell a lot more valuable and more practical in trade.  

Mon, 12/22/2014 - 20:48 | 5582555 MeelionDollerBogus
MeelionDollerBogus's picture

Must be you have no gravity in your world. In our world 1 gold coin is easy to run with and later buys the NON-perishable canned food, perisahble meds, NON-perishable tols, once you're done running.

And you better be ready to run. Running is practical. Trying to run with all your stored food is not. Those who don't run will be tomorrow's meal for the strongest of the new warlords.

 

That means stored gold is a hell of a lot more valuable than stored food and tools for most people.

Or... perhaps you think you can find Sanctuary? Come to Terminus... next on ZHMC's the Trading Dead...

Mon, 12/22/2014 - 13:47 | 5581506 MeBizarro
MeBizarro's picture

Give me a way to refridgerate insulin and the same initial value of that insulin vs a standard 1 oz gold coin.  We'll see what has more value in this situation.  Your gold coin or the insulin that diabetics need to live.  

Mon, 12/22/2014 - 16:19 | 5582110 Shitgum Suicide
Shitgum Suicide's picture

We'd probably give you a little more respect if you'd said that 1 oz of gold vs. a carton of cigarettes. You decided to go full retard evil so you deserve as many down arrows you can gets plus a swift kick in the balls. Oops I'm sorry you don't have any. Fucker.

Mon, 12/22/2014 - 18:19 | 5582546 MeelionDollerBogus
MeelionDollerBogus's picture

Since most of us aren't diabetics - too fucking bad. Should have stocked up on propane to run your own gas-powered refrigerator off-grid. No doubt gold can buy you this late but only if someone cared to stock it in advance for you.

Mon, 12/22/2014 - 13:17 | 5581370 PutinReloaded
PutinReloaded's picture

These things happen when you play the monetary game of the enemy by the rules of the enemy. Time is overdue to break out of the Wall Street financial fisihng-net.

Mon, 12/22/2014 - 13:22 | 5581394 falconflight
falconflight's picture

Why doesn't their central bank soak up some of their fiat?

Mon, 12/22/2014 - 13:40 | 5581466 Ewtman
Ewtman's picture

Europe has been much more affected by U.S. led sanctions on Russia than has Russia itself...

 

http://www.globaldeflationnews.com/u-s-led-sanctions-against-putins-hand...

 

Mon, 12/22/2014 - 13:41 | 5581467 MeBizarro
MeBizarro's picture

Russian or EU.  The Belarus people will get shitty gov't and squeezed as a result.  No exactly a very benevolent history in that country and they often get caught in the middle of western powers heading east or vice vera.  

Mon, 12/22/2014 - 13:41 | 5581471 yogibear
yogibear's picture

And so the Federal Reserve's plan is to print out of debt. This event should give some insight to that plan.

Mon, 12/22/2014 - 13:43 | 5581483 Jack Burton
Jack Burton's picture

If you have the ability to print "Infinity Dollars" and have each one accepted world wide as a valuable store of wealth, which the USA does, could you not use these via proxies to speculate with in a cooradinated effort to destroy an currency you wanted on the FX exchanges.

If I had "Infinity Dollars" to speculate with, could I not go into FX exchanges all by myself and attack any currency of choice by various market trades?  I ask because I never traded FX on exhanges.  I would think, but don't know, that the USA and it's NATO alliance, could use it's allied banks and Central Banks to use "Infinity Dollars" to destroy the currency of choice.

Mon, 12/22/2014 - 13:49 | 5581514 holgerdanske
holgerdanske's picture

Yes you could, and yes they do. As long as they can print Dollars out of nothing, the value of the stockmarket will rise in Dollars. The purchase price of these Dollars is declining, but the break will not necessarily come from a sinking stock market, it might well come from a total collapse of faith in the Dolar. And that can literally happen over night. In that case good luck with getting your money out and converting that to gold.

You will have missed the bus.

Mon, 12/22/2014 - 13:50 | 5581517 Max Steel
Max Steel's picture

Unreported in West the ruble has steadily rallied back more than half its losses since last week's crash. Ruble/dollar now 54.4:1, was 80:1

Mon, 12/22/2014 - 21:23 | 5583320 Dr. Gonzo
Dr. Gonzo's picture

Yes but the schemes can't work until you trick your dumbed down populous to to take on crushing loads of unpayable debt for consumer crap they don't need and or worthless college degrees in addition to force them to pay their taxes in it. Otherwise no one would want the piece of shit currency. Fortunately for them this country is full 100's of millions of public school eduated morons who volenteer for this task...All those millions upon millions of stupid slobs in debt keep the currency alive. It won't die unless enough people reject  the debt and consumption lifestyle to save and conserve.

Mon, 12/22/2014 - 14:00 | 5581560 ComputerNerd
ComputerNerd's picture

What goes around, comes around.

 

Mon, 12/22/2014 - 14:06 | 5581583 Absolute Truth
Absolute Truth's picture

My first ZH post!! I just looked up where Belarus is located... May I blame this on 'Murikan public schooling, or am I exempt from such an excuse being in my late 20s?

Also, I wish our authorities would bless us by blocking MSM websites...

There have been many videos/channels blocked on YT, ie, LivingOnPlanetZ, FreeRadioRevolution, "We Need To Talk About Sandy Hook"

~Gene Rosen

Mon, 12/22/2014 - 15:50 | 5582009 silentboom
silentboom's picture

Congratulations Gene, you just made the DHS threat list in one post.  Welcome.

Mon, 12/22/2014 - 15:58 | 5582035 Inthemix96
Inthemix96's picture

A very strange first post AT,

But non the less, welcome to the club you cunt...

:-)

Mon, 12/22/2014 - 17:28 | 5582364 Bunghole
Bunghole's picture

It wouldn't be a ITM96 post without a cunt.

Bravo sir.

Mon, 12/22/2014 - 16:03 | 5582059 Jano
Jano's picture

where is America located?

You joke?

You really cannot locate the 210 countries????????

Mon, 12/22/2014 - 18:21 | 5582550 TheGreatRecovery
TheGreatRecovery's picture

All good.  I bet not everyone in France knows where Montana is.  There are just too many countries, capitol cities, rivers, seas, mountains, etc.  That's what computers and books are for: looking things up.  Anymore, you just have to look things up.    :-)

Mon, 12/22/2014 - 14:20 | 5581650 sandiegoman
sandiegoman's picture

This place used to have people that had critical infomation and very informative posts. Now it is just "keep stacking" and bullshit like that. People that won't admit we are in a bear market for precious metals. Absolute BS. Sick of the conspiratorial non-sense. 

If there is a ruble crisis and now this, why the hell isn't gold rallying? We are headed down again. Save your money. Quit stacking. Fiat is going to be around a lot longer than any of you so stop the nonsense. Jim Rogers is right, gold is going to see more downside before upside....

Mon, 12/22/2014 - 16:00 | 5582048 RallyRoundTheFamily
RallyRoundTheFamily's picture

Do you think they are stacking so they can sell physical for "fiat profit" ?

 

Do NOT follow this link or you will be banned from the site!