{"id":47409,"date":"2014-12-17T02:25:04","date_gmt":"2014-12-17T02:25:04","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/telegraph_ambrose_evans-pritchard-russia_risks_soviet-style_collapse_as_ro\/"},"modified":"2014-12-17T02:25:04","modified_gmt":"2014-12-17T02:25:04","slug":"telegraph_ambrose_evans-pritchard-russia_risks_soviet-style_collapse_as_ro","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=47409","title":{"rendered":"(Telegraph) Ambrose Evans-Pritchard&#8211;Russia risks Soviet-style collapse as rouble defence fails"},"content":{"rendered":"<p> Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after &#8220;shock and awe&#8221; action by the central bank failed to stem the collapse of the rouble.<\/p>\n<p>\u201cThe situation is critical,\u201d\u009d said the central bank\u2019s vice-chairman, Sergei Shvetsov. \u201cWhat is happening is a nightmare that we could not even have imagined a year ago&#8230;.&#8221;<\/p>\n<p>Lars Christensen, from Danske Bank, said the Kremlin\u2019s actions have led to the \u201cabsolutely worst possible outcome\u201d\u009d since the botched move is enough to do grave damage, without solving anything. \u201cThey should have let the currency go rather than killing the economy. Investment is in freefall, and I fear this shock is going to be even bigger than in 2008-2009. Nothing suggests that oil is going to rebound quickly this time,\u201d\u009d he said.<\/p>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/economics\/11297770\/Russia-risks-Soviet-style-collapse-as-rouble-defence-fails.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after &#8220;shock and awe&#8221; action by the central bank failed to stem the collapse of the rouble. \u201cThe situation is critical,\u201d\u009d said the central<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=47409\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,595,592,143,149,140,168,200,144,119,133,151,479,585,34],"tags":[],"class_list":["post-47409","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-credit-markets","category-currency-markets","category-defense-national-security-military","category-economy","category-energy-natural-resources","category-ethics-moral-theology","category-europe","category-foreign-relations","category-globalization","category-history","category-politics-in-general","category-russia","category-the-banking-systemsector","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/47409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47409"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/47409\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}