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NEW YORK -- Russian equities went into free fall once again Wednesday, sending the benchmark RTS index down 11% and prompting the RTS exchange to suspend trading "until further notice." At Moscow's other exchange, the Micex stock index tumbled 14%. The latest steep losses come after the RTS and Micex indexes both fell 19% on Monday. Daily double-digit declines and frequent trading suspensions have become the norm lately on the Russian stock exchanges, as the global credit crisis, tumbling oil prices and heightened domestic political risks have battered investor confidence.
In 1957, a 1,168 page book by Ayn Rand, called Atlas Shrugged, was published. According to one source, Rand was alleged to be a mistress to Philippe Rothschild, who instructed her to write the book in order to show that through the raising of oil prices, then destroying the oil fields and shutting down the coal mines, the Illuminati would take over the world. It also related how they would blow up grain mills, derail trains, bankrupt and destroy their own companies, till they had destroyed the economy of the entire world; and yet, they would be so wealthy, that it would not substantially affect their vast holdings.
Originally posted by Interestinggg
They are just stopping trading and short selling exploitation of staple Russian stocks.
Russians are still trading the usual junk through the USA.
Yes we all might end up poor and hungry.
But maybe it might make us be nicer to one another for a change.