The Tanks Are Rolling In Post-Devaluation Kazakhstan

by Tyler Durden
ZeroHedge.com
02/13/2014

Following the 20% devaluation of Kazakhstan’s currency on Tuesday, the nation has quietly drifted into a very un-safe scenario. As the following clip shows, tanks and Humvees are lining the streets around Almaty as stores are closed and food is running desperately short. Local accounts note that the people are growing increasingly indignant. At a mere 192bps, the cost of protecting Kazakhstan sovereign debt from default (or further devaluation) seems cheap in light of this.

The Rest…HERE

This entry was posted on Thursday, February 13th, 2014 at 4:07 pm and is filed under Civil Unrest, Economics, Food Wars, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.