Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Thief Robs Russian Central Bank By Climbing In Through Window

Courtesy of ZeroHedge. View original post here.

The Russian central bank may have uncovered yet another “unorthodox” way of boosting the wealth effect, one which bypasses the conventional commercial banking pathway altogether.

According to Russia’s RIA Novosti news agency, a thief has stolen more than 11 million rubles ($195,000) from a building owned by Rosstandart, where the Bank of Russia rents offices for its various divisions. The money was taken from the Central Bank’s building on Leninsky Prospekt on Monday, RIA added.

“An unknown individual climbed through the window of the building of the Central Bank, stole more than 11.4 million rubles and disappeared,” a central bank official said. The central bank spokesperson also told reporters that the thief had stolen employees’ personal property, and said that those targeted by the theft worked for Bank of Russia, which rents offices in the building.

The Internal Affairs Ministry confirmed that money had been stolen from a business in the area, but refused to name the company or the amount stolen. The circumstances of the incident are being investigated by police officers, a criminal case has been opened.

It was not immediately clear if the Russian “incident” would prompt central banks around the world to “stimulate” their own economies by pursuing a local version of the “open window” fallacy.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!