Comments on: Indonesia Closes Stock Exchange Indefinitely http://www.nakedcapitalism.com/2008/10/indonesia-closes-stock-exchange.html Mon, 23 Nov 2009 02:08:55 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/10/indonesia-closes-stock-exchange.html#comment-20095 Anonymous Wed, 08 Oct 2008 12:07:00 +0000 http://www.nakedcapitalism.com/2008/10/indonesia-closes-stock-exchange-indefinitely/#comment-20095 The Russian market has total capitalization of around US$1Trillion…to shut it down means that much capital of owners is taken out of circulation. The Russian state, therefore, has essentially performed the largest expropriation in world history.<br/><br/>Indonesia, and Ukraine followed their lead.<br/><br/>This is fairly silly since it only does all at once what normal trading was doing anyway - imposing massive paper losses on the owners of capital.<br/><br/>But, the act itself shows precisely what is necessary: not increased liquidity, but removal of existing liquidity.<br/><br/>Capitalism is eating itself The Russian market has total capitalization of around US$1Trillion…to shut it down means that much capital of owners is taken out of circulation. The Russian state, therefore, has essentially performed the largest expropriation in world history.

Indonesia, and Ukraine followed their lead.

This is fairly silly since it only does all at once what normal trading was doing anyway – imposing massive paper losses on the owners of capital.

But, the act itself shows precisely what is necessary: not increased liquidity, but removal of existing liquidity.

Capitalism is eating itself

]]> By: Max http://www.nakedcapitalism.com/2008/10/indonesia-closes-stock-exchange.html#comment-20068 Max Wed, 08 Oct 2008 08:04:00 +0000 http://www.nakedcapitalism.com/2008/10/indonesia-closes-stock-exchange-indefinitely/#comment-20068 The rupiah declined 0.4 percent, WOW! The rupiah declined 0.4 percent, WOW!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/indonesia-closes-stock-exchange.html#comment-20046 Anonymous Wed, 08 Oct 2008 05:41:00 +0000 http://www.nakedcapitalism.com/2008/10/indonesia-closes-stock-exchange-indefinitely/#comment-20046 Another domino falls. Another domino falls.

]]> By: DaddieMac http://www.nakedcapitalism.com/2008/10/indonesia-closes-stock-exchange.html#comment-20044 DaddieMac Wed, 08 Oct 2008 05:32:00 +0000 http://www.nakedcapitalism.com/2008/10/indonesia-closes-stock-exchange-indefinitely/#comment-20044 Another win for capitalism. This ought to keep foreign investment out of Indonesia for another five years.<br/>Laid off brokers<br/>Panic in the Steets<br/>Violent protests??? Hope not Another win for capitalism. This ought to keep foreign investment out of Indonesia for another five years.
Laid off brokers
Panic in the Steets
Violent protests??? Hope not

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