Headlines From 2012: "New York Stock Exchange Soars As Others Crash"

While markets across the world have been crashing, the New York Stock Exchange has being seeing record gains as citizens turn to equities to protect their money from the country's hyperinflation. The benchmark Industrial Index soared 257 percent on Tuesday up from a previous one day record of 241 percent on Monday with some companies seeing share prices increase by up to 3,500 percent. But before asian traders start packing their bags and heading west, they should bear in mind that these figures are just another representation of America's collapsing economy and are almost meaningless in real terms. USA, once a Global breadbasket, is staggering amid the world's worst inflation, a looming humanitarian emergency and worsening shortages of food, gasoline and most basic goods. Inflation is at 231 million percent, but some experts put it more at about 20 trillion percent.

"Why leave money in the bank?" asked chief executive of the New York Stock Exchange at a seminar on the doing business in China on Tuesday.

"People are forced to come on the stock market. They believe that after hard currency, the stock market is the only viable option where you can get a bit of a return," he said.


Everyone expressed their dismay at the "gross economic mismanagement" by the USA government which has led to the collapse of the Global economy, however, the stock exchange was managing to survive despite the harsh environment.