Russia’s Next Financial Option May Be ‘Nuclear’! Capital Controls!

• I am definitely in favour of capital controls for Russia in this instance. There are NO free markets any more. Capital control has been proven by Malaysia during the 1997 Asian Financial Crisis to be very effective in protecting the country against predatory Illuminist banksters out to destroy the nation!
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• Russia’s next financial option may be ‘nuclear’! 
  by http://rt.com/news/ 
  The Russian Central Bank has seemingly lost control of the ruble, which lost more than 20% in just hours on Tuesday. Currency interventions and interest rates both have failed to save the ruble. The next major step could be limiting the cash flow.
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  After the Russian ruble fell to 1998 lows on Monday, the Central Bank met late into the evening and hiked the main lending rate to 17 percent to offset the tailspin ruble. It worked- for about four hours, then the ruble against nosedived against the dollar, euro, and sterling.
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  On November 10, the bank introduced the ruble’s free floating policy- which meant it would stop direct financial support, and would instead let the markets guide it. Before that, the Central Bank tried interventions, and after burning through $80 billion in foreign reserves, the ruble still went bust.
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  The markets took it to to new depths and lows. On Tuesday the euro nearly touched 100 rubles and the US dollar 80 rubles, both more than this time last year.
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  If interest rate hikes and interventions continue to have no sway on stabilizing the ruble, the Bank may be forced to enact more radical and less orthodox financial tools.
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  “The next option, and sort of the nuclear option in finance, is to impose capital controls. That would be any combination of withdrawal limits on the amount of money people can take from their bank accounts, transfer limits of how much people can convert into other currencies, and how much people can send abroad,” Yuval Weber, Associate Professor of Economics and International Affairs at the Higher School of Economics in Moscow, told RT.
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  So far, both the Central Bank and the Russian President have denied capital controls will be enforced.
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