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Wed, Dec 17, 2014 Chris Martenson (Peak Prosperity - Excerpt) 2,878

The big story today, though, was a quite historic very rare plummet in a major currency as the Russian Ruble plunged -12%.

For a major currency this was a BIG move. Who knows what sorts of trouble such a near-collapse will bring to the highly-interconnected world markets, or even if Putin will consider this assault on the ruble to be an act of economic war, but there are certain to be consequences.

Russian stocks are now down nearly 50% from just 6 months ago...a major collapse by any modern standard.