Its too dangerous to be economical foreteller in Latvia

#1
http://news.bbc.co.uk/2/hi/business/7768696.stm

University lecturer Dmitrijs Smirnov told a newspaper the nation's currency, the lat, was heading for devaluation.

He advised people to withdraw their money from banks or change it.

Mr Smirnov was later arrested by Latvia's security police, who usually hunt for terrorists and organised criminals, before begin released.

Mr Smirnov was locked up for two days last month before he was freed. No decision has been made yet whether to charge him.

In an interview with the BBC World Service, Mr Smirnov said the police accused him of trying to destabilise Latvia's financial system.
...
Latvia, which has been a member of the European Union since 2004, is currently in talks with the International Monetary Fund about a possible loan.

Finance Minister Atis Slakteris has said the IMF wants the central bank to devalue the lat but the government does not want to.

The country is in recession and its output is predicted to shrink by 5% in 2009, according to the central bank.
I propose Latvian authorities to arrest a representative of IMF. It is an intersting 'know how" to fight with the crisis - jail those who make 'wrong' predictions.

BBC-Russian gives additional info.

http://news.bbc.co.uk/hi/russian/business/newsid_7771000/7771883.stm

По латвийским законам, принятым в начале кризиса в 2007 году, за распространение в корыстных целях слухов о девальвации лата и нестабильности финансовой системы можно сесть в тюрьму на максимальный срок до 6 лет с конфискацией имущества.
According to Latvian Laws those who spread rumours about devaluation of national currency and unstability of financial system could be jailed for 6 years with confiscation of property.
 
#2
Oddly enough this is a harsher version of what our own govt. asked the FSA to do to people 'spreading rumours' when people were shorting banks that later turned out to have pretty much exactly the problems with their balance sheets that the 'evil spiv rumour spreaders' claimed that they did.

It's like these people believe that you can alter financial reality merely by describing it differently or lying about it.
 
#3
Oh! So Latvia is just like Great Britain - disagree with the government, especially with the 'Unelected Leader and 'bingo' the State Security Police (aka The 'Met') are breaking your door down.

Who is supposed to have won the 'Cold War'? Will someone please remind me?

Off Thread: I have just heard 'Stalin' Brown 'spouting' from some irrelevant meeting of European Soviet Union clowns: not including Frau Merkel; she was NOT invited. I wish I had recorded the spouting - it was meaningless nonsense - Edward Lear would have been proud.

Beneath the cliche ridden grunting spoken by our unelected 'leader', clearly one could hear:

please support my idea to save the world, and to put into so much debt that not even my worst enemies could believe it was my fault -

Wrong 'Stalin', I know it is your fault! so do millions and millions around the world.
 
#4
KGB_resident said:
http://news.bbc.co.uk/2/hi/business/7768696.stm

University lecturer Dmitrijs Smirnov told a newspaper the nation's currency, the lat, was heading for devaluation.

He advised people to withdraw their money from banks or change it.

Mr Smirnov was later arrested by Latvia's security police, who usually hunt for terrorists and organised criminals, before begin released.

Mr Smirnov was locked up for two days last month before he was freed. No decision has been made yet whether to charge him.

In an interview with the BBC World Service, Mr Smirnov said the police accused him of trying to destabilise Latvia's financial system.
...
Latvia, which has been a member of the European Union since 2004, is currently in talks with the International Monetary Fund about a possible loan.

Finance Minister Atis Slakteris has said the IMF wants the central bank to devalue the lat but the government does not want to.

The country is in recession and its output is predicted to shrink by 5% in 2009, according to the central bank.
I propose Latvian authorities to arrest a representative of IMF. It is an intersting 'know how" to fight with the crisis - jail those who make 'wrong' predictions.

BBC-Russian gives additional info.

http://news.bbc.co.uk/hi/russian/business/newsid_7771000/7771883.stm

По латвийским законам, принятым в начале кризиса в 2007 году, за распространение в корыстных целях слухов о девальвации лата и нестабильности финансовой системы можно сесть в тюрьму на максимальный срок до 6 лет с конфискацией имущества.
According to Latvian Laws those who spread rumours about devaluation of national currency and unstability of financial system could be jailed for 6 years with confiscation of property.
Ignoring the rambling of the local o2 thief, very nasty and hopefully will see Latvia halled through the EU courts. While I have a tiny amout of sympathy - you shouldn't shout "Bomb" on a plane even if your opinion the meal you've been served looks like a block of C4, it show's the danger of hangover 'national-interest/national pride' laws.
 

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