Pakistani Investors Stone Exchange as Stocks Plunge
Friday, 18. July 2008, 13:58:06
Farhan Sharif of Bloomberg relates that Pakistan investors stormed out of the Karachi Stock Exchange, smashed windows and cursed regulators after the benchmark index fell for a 15th day, the worst losing streak in at least 18 years.
``I have lost my life savings in the last 15 days and no one in the government or regulators came to help us,'' said Imran Inayat, 45, a protester and a former banker who retired early and said he lost 300,000 rupees ($4,175) on the market.
Police surrounded the exchange after hundreds of investors stoned the building and shouted anti-government slogans. They directed their ire at the government and Securities and Exchange Commission of Pakistan, which this week removed a 1 percent daily limit on price declines. The measure was aimed at halting a slide that wiped out $30 billion of Pakistan's market value in three months, threatening to undo a 14-fold rally since 2001.
``There has been some level of mismanagement by the authorities,'' said Habib-ur-Rehman, who manages the equivalent of 6.5 billion rupees in Pakistani stocks and bonds at Atlas Asset Management Ltd. in Karachi. ``This may be due to their misperception that they can prevent the market from falling. Investors have to learn to bear losses as they do gains.''
The chaos seen in Pakistan is a fulfillment of bible prophecy, specifically that of the fourth horseman of the apocalypse riding the pale green horse signifying chaos
The scripture reference is found in Revelation 6:7-8: When the Lamb opened the fourth seal, I heard the voice of the fourth living creature say, "Come!" I looked, and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.
Here is an artist's rendition of the fourth horseman riding the pale green horse symbolizing chaos; and here is another artist's rendition of the four horsemen as a group.
Related Finally some encouraging media is coming out; I really dislike today's tepid "contemporary christian music".
A song clip of the Four Horsemen of the Apocalypse: Apocalyptic christian music Autorem skryptu jest, Dawid Chojnacki, GG: 9997149
Revelation 6 - The Rider On The Pale Green Horse: Britt Gillette of BrittGillette.com writes that it is his belief that the four horsemen in Revelation 6 represent the Antichrist and the initial phases of his rise to power; and that the first three horsemen might be references to the Antichrist and his use of molecular manufacturing, MM; and that the pale green horse represents further bloodshed.
Revelation (death's Angel) Poem n2mikedi7 provides a contemporary poem with video clip from DoomsdayIsComing.com and the Apocalypse Ring Tone
``I have lost my life savings in the last 15 days and no one in the government or regulators came to help us,'' said Imran Inayat, 45, a protester and a former banker who retired early and said he lost 300,000 rupees ($4,175) on the market.
Police surrounded the exchange after hundreds of investors stoned the building and shouted anti-government slogans. They directed their ire at the government and Securities and Exchange Commission of Pakistan, which this week removed a 1 percent daily limit on price declines. The measure was aimed at halting a slide that wiped out $30 billion of Pakistan's market value in three months, threatening to undo a 14-fold rally since 2001.
``There has been some level of mismanagement by the authorities,'' said Habib-ur-Rehman, who manages the equivalent of 6.5 billion rupees in Pakistani stocks and bonds at Atlas Asset Management Ltd. in Karachi. ``This may be due to their misperception that they can prevent the market from falling. Investors have to learn to bear losses as they do gains.''
The chaos seen in Pakistan is a fulfillment of bible prophecy, specifically that of the fourth horseman of the apocalypse riding the pale green horse signifying chaos
The scripture reference is found in Revelation 6:7-8: When the Lamb opened the fourth seal, I heard the voice of the fourth living creature say, "Come!" I looked, and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.
Here is an artist's rendition of the fourth horseman riding the pale green horse symbolizing chaos; and here is another artist's rendition of the four horsemen as a group.
Related Finally some encouraging media is coming out; I really dislike today's tepid "contemporary christian music".
A song clip of the Four Horsemen of the Apocalypse: Apocalyptic christian music Autorem skryptu jest, Dawid Chojnacki, GG: 9997149
Revelation 6 - The Rider On The Pale Green Horse: Britt Gillette of BrittGillette.com writes that it is his belief that the four horsemen in Revelation 6 represent the Antichrist and the initial phases of his rise to power; and that the first three horsemen might be references to the Antichrist and his use of molecular manufacturing, MM; and that the pale green horse represents further bloodshed.
Revelation (death's Angel) Poem n2mikedi7 provides a contemporary poem with video clip from DoomsdayIsComing.com and the Apocalypse Ring Tone
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