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Belarus In Full-Blown Hyperinflation Panic

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posted on Dec, 22 2014 @ 08:26 AM
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Belarus In Full-Blown Hyperinflation Panic: Blocks News, Online Stores; Bans All FX Trading For 2 Years



"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."


Source

The Russians showed what you should do, and that is to let it fizzle out somewhat and not over panic. That means not to act to quickly and not too late. The Rouble is already coming down more an more and now at 1 USD = 54.8746 RUB.

The Belarusians now show how its not done with panicking.




posted on Dec, 22 2014 @ 08:45 AM
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And as being said, China backs Russia...

Russia will be able to overcome economic problems - Chinese Foreign Minister

"If the Russian side needs it, we shall offer all possible support we may have,” the foreign minister said



BEIJING, December 21. /TASS/. China believes Russia will be able to overcome the current economic problems, and is ready to offer whatever assistance if needed, China’s Foreign Minister Wang Yi said in an interview with Hong Kong’s Fenghuang television channel on Sunday.


Source



posted on Dec, 22 2014 @ 08:50 AM
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a reply to: BornAgainAlien

You mean China will buy up Russian debt and enslave the Russian people. Good going, Vladimir Vladimirovitch.



posted on Dec, 22 2014 @ 08:54 AM
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a reply to: DJW001

China is smarter as The West, they won`t act in the same manner.



posted on Dec, 22 2014 @ 08:57 AM
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originally posted by: BornAgainAlien
a reply to: DJW001

China is smarter as The West, they won`t act in the same manner.


China has turned parts of Africa into colonies. Siberia will be next.



posted on Dec, 22 2014 @ 08:59 AM
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a reply to: BornAgainAlien

So china is smarter because they will do the same thing
for Russia they do for the west? that statement confuses
me very much. I get the feeling china meant exactly that,
should Russia need it they will loan them money to stay
afloat.



posted on Dec, 22 2014 @ 09:03 AM
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I find it sad that Belarus has to suffer just because their economy is tied to Russia.



posted on Dec, 22 2014 @ 09:05 AM
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a reply to: bloodreviara

It's worse than that. Here's what the Chinese Foreign Ministry says:


In response to a question on whether China will provide support to Russia through the Shanghai Cooperation Organization (SCO), Qin said China is considering financing a number of priority projects with the Eurasian economic cooperation fund for the SCO members, which includes China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

He said China will actively consider using the 40-billion-U.S. dollar New Silk Road Fund to finance cooperative projects with SCO members.

China is also coordinating with other SCO members to steadily foster the SCO development bank, which is designed as a long-term stable financing platform for regional cooperation.


news.xinhuanet.com...

China will build infrastructure in Russia, which it will then own. It is the sort of colonization it has been practicing in Africa. What's more, it may need to step in to help Chinese merchants in Siberia:

news.xinhuanet.com...

Remember: China is an emerging global superpower, whereas Russia has become a fading regional power. If Putin could annex Crimea to help the ethnic Russians there, why shouldn't China annex Vladivostok to help out the ethnic Chinese?



posted on Dec, 22 2014 @ 09:06 AM
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a reply to: DJW001

I think China is done "emerging" as a Superpower.

Though I agree with everything else you said.



posted on Dec, 22 2014 @ 09:09 AM
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originally posted by: ScientificRailgun
I find it sad that Belarus has to suffer just because their economy is tied to Russia.


I find it said Europe has to suffer because it is tied to the US.
edit on 22 12 2014 by BornAgainAlien because: (no reason given)



posted on Dec, 22 2014 @ 09:11 AM
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a reply to: ScientificRailgun


I think China is done "emerging" as a Superpower.


Its economy has pretty much started to stall out, but there are signs that China intends to extend its borders, particularly at sea. On land, it may expand into North Korea and/or Russia, citing ancient territorial claims.



posted on Dec, 22 2014 @ 09:12 AM
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a reply to: BornAgainAlien

Suffering by who's measuring stick? Most of Europe is still 1st world by all definitions of the term.



posted on Dec, 22 2014 @ 09:20 AM
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"Most of Europe" is NATO.

So sad the Eurasian continent has to be "tied to" that old warhorse.



posted on Dec, 22 2014 @ 09:26 AM
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a reply to: intrptr

That "old warhorse" is why we aren't all speaking Russian here right now.

Or rather why we're able to post here at all, or why this website is allowed to exist.

Under Russia's communism a website like ATS would be considered a threat to the state and shut down.
edit on 22-12-2014 by ScientificRailgun because: Grammar



posted on Dec, 22 2014 @ 09:27 AM
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There we go...

Belarus president could end up like Gaddafi – senior Russian MP



A senior Russian lawmaker has warned Belarus President Aleksandr Lukashenko against détente with the US, warning him he could end like Libya’s Gaddafi.

“Milosevic, Gaddafi and Hussein all tried to be friends with the United States. Their fates are well known. Now the US is offering ‘new relations’ with Lukashenko. This is a dangerous experiment,” the head of the State Duma Foreign Relations Committee Aleksey Pushkov wrote in a Twitter post on Monday.

The comment came soon after US Assistant Secretary of State Victoria Nuland talked about a small improvement of US-Belarus relations, adding that the country was always open to more dialogue with Belarus.


Source

It`s just another plot in the attack on Russia



posted on Dec, 22 2014 @ 09:29 AM
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a reply to: BornAgainAlien

Boy RT really WILL spin everything to make it a U.S. plot.



posted on Dec, 22 2014 @ 09:30 AM
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a reply to: DJW001

The last time i checked America's money is also owned by China.


China in fact Owns a Record $1.317T of U.S. Government Debt. So for you to suggest that they will be in the same boot as Russia nice try.



posted on Dec, 22 2014 @ 09:30 AM
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a reply to: ScientificRailgun

The irony.



posted on Dec, 22 2014 @ 09:31 AM
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a reply to: ScientificRailgun

Russia Today has being getting more viewers then CNN,FOX since they are better then the westren news outlets which in ways they have being demonizing Russia even during the winter games of last year.



posted on Dec, 22 2014 @ 09:33 AM
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a reply to: Agent_USA_Supporter

Gonna need a source for that, boss.
edit on 22-12-2014 by ScientificRailgun because: (no reason given)



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