{"id":3894,"date":"2015-01-02T12:17:07","date_gmt":"2015-01-02T17:17:07","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3894"},"modified":"2015-01-02T12:17:07","modified_gmt":"2015-01-02T17:17:07","slug":"turkmenistan-devalues-currency-by-18-armstrong-warns-of-economic-collapse-on-a-global-scale","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3894","title":{"rendered":"Turkmenistan Devalues Currency By 18%, Armstrong Warns Of “Economic Collapse On A Global Scale”"},"content":{"rendered":"

Turkmenistan Devalues Currency By 18%, Armstrong Warns Of “Economic Collapse On A Global Scale”<\/a><\/h4>\n

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The energy-rich former Soviet republic of Turkmenistan Thursday devalued its currency against the US dollar by 18%,<\/strong>\u00a0as AFP notes,<\/a>\u00a0in the latest sign of contagion among Russia’s neighbors from the plunging ruble\u00a0(following Krgyzstan’s 17% plunge in 2014 and Kazakhstan’s 14% tumble)<\/em>. However, as Martin Armstrong warns, this is symptomatic of a deflationary contagion that\u00a0“will contribute to now force the dollar higher…\u00a0We are in a major economic collapse on a global scale. Most people do not understand that this is the real threat we face<\/strong>.”<\/em><\/p>\n

\"\"<\/a><\/p>\n

As AFP reports,<\/a><\/em><\/p>\n

On Thursday, the website of Turkmenistan’s central bank published the rate of 3.50 manats to the US dollar, from 2.85 manats, a depreciation of 18.6 percent.<\/strong><\/p>\n

The devaluation came as the plunge in value of the Russian ruble, linked to Western sanctions over Ukraine and falling oil prices, sent shockwaves through former Soviet republics.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

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Turkmenistan Devalues Currency By 18%, Armstrong Warns Of “Economic Collapse On A Global Scale” The energy-rich former Soviet republic of Turkmenistan Thursday devalued its currency against the US dollar by 18%,\u00a0as AFP notes,\u00a0in the latest sign of contagion among Russia’s neighbors from the plunging ruble\u00a0(following Krgyzstan’s 17% plunge in 2014 and Kazakhstan’s 14% tumble). However, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[122,1099,2351,694,2350],"class_list":["post-3894","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-bank","tag-currency-devaluation","tag-manats","tag-russia","tag-turkmenistan"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3894"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3894\/revisions"}],"predecessor-version":[{"id":3895,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3894\/revisions\/3895"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}