Results 1 to 6 of 6

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696

    Video: Ukraine Parliament Loses It When It Finds Out It’s Now A US State

    Video: Ukraine Parliament Loses It When It Finds Out It’s Now A US State

    Posted by Royce Christyn in News, World 2 days ago 0 Comments




    Yes, you read that right. This story is actually pretty funny, if you’re into evil politics. Basically, the US appointed a bunch of US picked members of the Ukrainian government.
    Not cool, and it did NOT fly with the already existing members of Parliament.
    In an article for Black Listed News entitled, “VIDEO: FIGHT BREAKS OUT IN PARLIAMENT WHEN UKRAINE LEARNS IT HAS QUIETLY BECOME THE NEWEST US STATE”, [1] , they say:
    “I’ve been working on reforms in Ukraine for the past three months, but my love [for] this country has a much longer history,” he said on December 2.
    It appears not all the government members approve of the new foreign-born members of the Ukraine parliament...[2] and this fight just broke out…
    And the result when other members discovered this…



    The fight occurred after the majority of people’s deputies supported the draft resolution on the appointment of the number of (foreign) members of parliamentary committees.
    After the vote, the People’s Deputy Vladimir Parasyuk began requiring word in explanation of vote, but the chairman of the Verkhovna Rada of Ukraine Volodymyr Groisman refused it…
    * * *
    We don’t blame them for wanting to know how they just became the newest US State…
    * * *
    Here the 3 new (foreign-born) members of Ukraine’s parliament…




    As RFERL reports, [3]

    Three foreigners — Natalie Jaresko, Aivaras Abromavicius, and Aleksandr Kvitashvili — were approved as ministers by Ukraine’s parliament on December 2.
    President Petro Poroshenko said their appointment, which has raised some eyebrows in Ukraine, was part of aneffort to find “innovative solutions in the government” due to the “extraordinary challenges facing Ukraine.”
    Poroshenko naturalized all three hours before their confirmation by parliament.
    All have given up their citizenships to comply with Ukraine’s constitutional ban on dual citizenship.=
    Natalie Jaresko, United States — Finance Minister
    Jaresko, who has Ukrainian roots, has lived in the country for more than two decades.
    She moved to Kyiv in 1992, just months after Ukraine gained independence from the Soviet Union, to head the economic department of the newly opened U.S. embassy.
    Prior to her relocation, she held various economic positions in the U.S. State Department.



    She holds a master’s degree in public policy from Harvard University’s Kennedy School of Government and a bachelor of science degree in accounting from DePaul University in Chicago.
    In 1995, she left the U.S. Embassy to work for the Western NIS Enterprise Fund (WNISEF), an equity fund financed by the U.S. government, where she rose to the position of chief executive officer.
    She established her own fund, Horizon Capital, in 2004.
    During the Orange Revolution, Jaresko made no secret of her sympathies for the pro-Western uprising. She went on serve on then-President Viktor Yushchenko’s Foreign Investors Advisory Council.
    With the United States facing accusations of political meddling in Ukraine, Jaresko’s new role has raised eyebrows.
    U.S. State Department deputy spokeswoman Marie Harf has already denied Washington had any hand in her appointment.
    Jaresko says the new cabinet of ministers intends to “change the country, improve transparency and eliminate corruption.”
    Speaking to parliament on December 2, she declared her readiness to “take on challenges.”
    Jaresko faces a tough job warding off economic collapse, battling corruption, and reforming Ukraine’s economy as the country continues to fight an armed insurgency in the east.
    Aivaras Abromavicius, Lithuania — Economy Minister
    Like Jaresko, Abromavicius is no newcomer to Ukraine.
    Born in Vilnius, Lithuania, the investment banker has lived in Kyiv since 2008 and has a Ukrainian wife.
    He is a partner and fund manager at the East Capital asset management group.
    The group is a major player in Ukraine, where it invested almost $100 million in 2012.
    Abromavicius describes himself as a Ukrainian patriot and has pledged “radical measures” to overhaul the country’s battered economy.
    He claims he hasn’t yet discussed his ministerial salary, which he said he expected to be “very small.”
    He has voiced hope that his “efforts and experience will help Ukraine reach a totally different level of economic development, bring transparency and openness to government’s work.”
    Aleksandr Kvitashvili, Georgia — Health Minister
    Kvitashvili served as health minister in his native Georgia between 2008 and 2010, under then-President Mikheil Saakashvili.
    He holds a bachelor’s degree in history from Tbilisi State University and a master’s degree from the Robert F. Wagner Graduate School of Public Service in New York.
    After graduating in 1993, he did a brief stint working in the United States at the Atlanta Medical Center as an administrative and finance officer.
    He returned to Georgia the same year to work for the United Nations Development Program.
    He has since held positions at a number of healthcare-related organizations, including the United Methodist Committee on Relief, the Curatio International Foundation, the East/West Institute in New York, and the Transatlantic Partners Against AIDS organization.
    Kvitashvili was rector of Tbilisi State University between 2010 and 2013.
    Prime Minister Arseniy Yatsenyuk has tasked Kvitashvili with introducing sweeping reforms to tackle rampant corruption among health authorities.
    Despite his recent arrival in Ukraine, Kvitashvili, who does not speak Ukrainian, professes “deep respect for Ukraine and its people.”

    SOURCE
    [1]http://www.blacklistednews.com/VIDEO%3A_Fight_Breaks_Out_In_Parliament_When_Ukrai ne_Learns_It_Has_Quietly_Become_The_Newest_US_Stat e/39672/0/38/38/Y/M.html
    [2] http://www.zerohedge.com/news/2014-12-04/how-ukrainian-government-giving-away-citizenships-so-foreigners-can-run-country
    [3] http://www.rferl.org/content/ukraine.../26723564.html



    http://yournewswire.com/video-ukrain...ow-a-us-state/
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  2. #2
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    How The Ukrainian Government Is Giving Away Citizenships So Foreigners Can Run The Country

    Submitted by Tyler Durden on 12/04/2014 12:22 -0500

    Submitted by Mike Krieger via Liberty Blitzkrieg blog,

    I hadn’t written a single piece on the U.S.-Ukraine-Russia quagmire for the entirety of 2014, until Monday when I published: Tensions Between the U.S. and Russia Are Worse Than You Realize – Remarks by Foreign Minister Sergey Lavrov. Now I can hardly think of anything else.
    The reason the geopolitical hot zone has so captured my attention is because I think we are much closer to a serious escalation than most people want to admit. I hope I’m wrong, but when I take a step back and look at what is being said and done under the surface, an incredibly dangerous tinderbox is now firmly in place and ready to be lit. We know from history that relatively minor catalysts can lead to unimaginable horrors. I fear the stage is set for some real nastiness, and hope cooler heads can prevail on both sides.
    Claims that the new government in Ukraine is nothing more than a Western puppet Parliament have been swirling around consistently since February. Nevertheless, I think it’s very significant that the takeover is now overt, undeniable and completely out in the open. Nothing proves this fact more clearly than the recent and sudden granting of citizenship to three foreigners so that they can take top posts in the government.
    At the top of the list is American, Natalie Jaresko, who runs private equity fund Horizon Capital. She will now be Ukraine’s Finance Minister, and I highly doubt she will be forced to pay the IRS Expatriation Tax (one set of laws for the rich and powerful, another set of laws for the peasants). For Economy Minister, a Lithuanian investment banker, Aivaras Abromavicius, will take the reigns. Health Minister will be Alexander Kvitashvili of Georgia.



    The Wall Street Journal reports:

    Ukraine’s parliament appointed a new, pro-Western government that includes a U.S.-born finance minister to take on the job of staving off financial collapse, overhauling the shrinking economy and ending the armed conflict in the country’s east.

    The new cabinet includes Finance Minister Natalie Jaresko, the chief executive of a private-equity fund and a former U.S. diplomat, as well as two other nonnatives: Economy Minister Aivaras Abromavicius, a former investment banker from Lithuania; and Health Minister Alexander Kvitashvili, who held a similar post in Georgia.

    Ukraine is dependent on the International Monetary Fund for financing, and officials and analysts say it will need more than the current $17-billion program from the lender.

    Two senior EU officials said Tuesday that the IMF has in recent days shared a rough estimate of $15 billion in financing needs for Ukraine through the first quarter of 2016, although that could be revised as fund officials negotiate with the new government.

    Shortly before the voting in Kiev, President Poroshenko signed a decree granting Ukrainian citizenship to the three foreign-born candidates. He said the dire economic situation meant Ukraine had to look for people outside the country with experience of dealing with “systemic crises.”

    Valeriy Voshchevskiy, deputy prime minister for infrastructure and ecology, said he wanted to privatize state holdings such as the railway and road-building monopolies.
    This is where American financial oligarchs will get paid. It’s all about looting at the end of the day, as always.

    Some analysts praised the inclusion of outsiders in the government as a way to tap foreign experience, insulate against corruption and help push through unpopular economic overhauls. But opposition lawmakers slammed the decision.

    “We don’t understand why from 300 coalition members and 40 million people [in the country], 10 minister candidates couldn’t be found who’d be Ukrainian citizens or at least ethnic Ukrainians,” said Yuriy Boiko, head of the Opposition Bloc and a former energy minister.

    In a sign of early discontent, some lawmakers from the ruling coalition questioned the creation of a new Information Ministry, dubbed the “Ministry of Truth” by some journalists amid concerns that it could create another expensive layer of bureaucrats.

    The newly appointed minister said earlier that it will be needed to counter Russian propaganda.
    I don’t know much, but I know that people don’t like being ruled by foreigners. Ever.
    Bearing that in mind, a bill known as H.Res.758 was recently introduced in the U.S. Congress. Here’s the full title: H.Res.758 – Strongly condemning the actions of the Russian Federation, under President Vladimir Putin, which has carried out a policy of aggression against neighboring countries aimed at political and economic domination.
    Here’s how a summary of the bill starts off (click on the image for the full summary):


    This isn’t well intentioned diplomacy, these are demands. The last bullet point is particularly laughable. The U.S. government admonishes Russia for interfering in Ukraine’s internal affairs (a nation directly on its border), when Ukraine just granted an American private equity manager citizenship so that she can be Finance Minister. The hypocrisy will not be lost on Putin, or anyone else for that matter.
    The danger of this bill was highlighted by former U.S. Rep. Dennis Kucinich. Here are some excerpts via TruthDig:

    U.S.-Russia relations have deteriorated severely in the past decade and they are about to get worse, if the House passes H. Res. 758.

    NATO encirclement, the U.S.-backed coup in Ukraine, an attempt to use an agreement with the European Union to bring NATO into Ukraine at the Russian border, a U.S. nuclear first-strike policy, are all policies which attempt to substitute force for diplomacy.

    The Western press begins its narrative on the Crimea situation with the annexation, but completely ignores the provocations by the West and other causal factors which resulted in the annexation. This distortion of reality is artificially creating an hysteria about Russian aggressiveness, another distortion which could pose an exceptionally dangerous situation for the world, if acted upon by other nations. The U.S. Congress is responding to the distortions, not to the reality.

    Tensions between Russia and the U.S. are being fueled every day by players who would benefit financially from a resumption of the Cold War which, from 1948 to 1991 cost U.S. taxpayers $20 TRILLION dollars (in 2014 dollars), an amount exceeding our $18 trillion National Debt.
    Based on all I have read and observed, I’d have to say I generally agree with the conclusions of Mr. Kucinich.
    Finally, I want to end the post with some very important words from Eurasia Group President Ian Bremmer. They were published in the article, Crumbling Oil Makes Putin More Dangerous:

    Russian President Vladimir Putin is being pushed “further into a corner” by falling oil prices, leaving him little option but to continue his aggression toward Ukraine and confrontation with the West, Eurasia Group President Ian Bremmer told CNBC on Tuesday. Putin has “gone all-in on an anti-U.S., must-keep-Ukraine nationalist engagement,” Bremmer said on “Squawk Box .” He said it’s “completely inconceivable” for Putin to back down. “This is what is behind all his approval ratings. It’s behind who he now is as a leader,” Bremmer said, adding that capitulation would “erode a lot of his power.” Russia’s currency and economy are crumbling along with oil prices, the country’s main export and revenue source. On Monday, the ruble suffered its worst one-day decline since 1998, and it looks like Russia’s economy will tip into recession next year. As the ruble tumbles, what will Putin do next? “I think that lower oil prices simply squeeze him harder, pushes him further into a corner. He feels he has to fight as a consequence.
    This echoes sentiments I expressed in my piece Monday. I wrote:

    Lavrov also describes the negative impact that this behavior has had on the Russian psyche generally. He expresses dismay that the U.S. status quo sees the world as unipolar, and attempts to tackle every problem from the perspective that might is right. In no uncertain terms, Lavrov makes it clear that Russia will not stand for this. I don’t think the Russians are bluffing, so this is a very dangerous situation.
    The U.S. establishment is used to bullying around anyone it wants and getting its way. This will not happen with Putin. It appears that the U.S. is attempting to put so much pressure on Putin that he does something reckless and loses all support on the world stage. I can’t stress enough how important, and dangerous, the current situation is, as Putin is"

    http://www.zerohedge.com/news/2014-1...an-run-country
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  3. #3
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    Ukraine Admits Its Gold Is Gone: "There Is Almost No Gold Left In The Central Bank Vault"

    By Tyler Durden
    ZeroHedge
    November 20, 2014

    Back in March, at a time when the IMF reported that Ukraine’s official gold holdings as of the end of February, so just as the State Department-facilitated coup against former president Victor Yanukovich was concluding, amounted to 42.3 tonnes or 8% of reserves…

    … and notably under the previous “hated” president, Ukraine gold’s reserves had constantly increased hitting a record high just before the presidential coup…

    … we reported of a strange incident that took place just after the Ukraine presidential coup, namely that according to at least one source, “in a mysterious operation under the cover of night, Ukraine’s gold reserves were promptly loaded onboard an unmarked plane, which subsequently took the gold to the US.”To wit:
    Tonight, around at 2:00 am, an unregistered transport plane took off took off from Boryspil airport. According to Boryspil staff, prior to the plane’s appearance, four trucks and two cargo minibuses arrived at the airport all with their license plates missing. Fifteen people in black uniforms, masks and body armor stepped out, some armed with machine guns. These people loaded the plane with more than forty heavy boxes.
    After this, several mysterious men arrived and also entered the plane. The loading was carried out in a hurry. After unloading, the plateless cars immediately left the runway, and the plane took off on an emergency basis.
    Airport officials who saw this mysterious “special operation” immediately notified the administration of the airport, which however strongly advised them “not to meddle in other people’s business.”
    Later, the editors were called by one of the senior officials of the former Ministry of Income and Fees, who reported that, according to him, tonight on the orders of one of the “new leaders” of Ukraine, all the gold reserves of the Ukraine were taken to the United States.
    Needless to say there was no official confirmation of any of this taking place, and in fact our report, in which we mused if the “price of Ukraine’s liberation” was the handover of its gold to the Fed at a time when Germany was actively seeking to repatriate its own physical gold located at the bedrock of the NY Fed, led to the usual mainstream media mockery.
    Until now.
    In an interview on Ukraine TV, none other than the head of the Ukraine Central Bank made the stunning admission that “in the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it’s just 1% of reserves.”



    As Ukraina further reports, this stunning revelation means that not only has Ukraine been quietly depleting its gold throughout the year, but that the latest official number, according to which Ukraine gold was 8 times greater than the reported 1%, was fabricated, and that the real number is about 90% lower.
    According to official statistics the NBU, the amount of gold in the vaults should be eight times more than is actually in stock. At the beginning of this month, the volume of gold was about $ 1 billion, or 8% of the total gold reserves. Now this is just one percent.
    Of course, considering the official reserve data at the Central Bank has been clearly fabricated, one wonders just how long ago the actual gold “displacement” took place.

    We get some additional information from Rusila:
    According to recent data, the value of Ukraine gold should be $988.7 million. That is the value of gold proportion of gold in gold reserves is 8%. If you believe Gontareva, it turns out there is a mere $123.6 million in gold remaining.
    The figure is fantastic, considering that the amount of gold at the end of February (when the new authorities have already taken key positions) was $1.8 billion or 12% of the reserves.
    In other words, since the beginning of the year gold reserves dropped almost 16 times. Gold stock in February were approximately 21 tons of gold, the presence of which was once proudly reported by Sergei Arbuzov, who led the NBU in 2010-2012. So what happened to 20.8 tons of gold?
    Explaining the dramatic reduction in the context of the hryvnia devaluation through gold sales is impossible. After all, 92% of the reserves of the National Bank is in the form of a foreign currency that is much easier to use to maintain hryvnia levels and cover current liabilities. Besides since March the international price of gold has plummeted. Selling gold under such circumstances is a crime. In fact it would be more expedient to increase gold reserves through currency conversion in precious metals.
    But apparently the result is not due to someone’s negligence or carelessness. The gold reserve has been actively carted out of the country, as a result of the very vague economic and political prospects of Ukraine. Something similar happened to the gold reserves of the USSR – when the Gorbachev elite realized that perestroika is leading the country to the abyss, gold simply disappeared in an unknown direction.
    The article’s conclusion:
    As history shows, the reduction of the gold reserves in the context of an acute political crisis is usually preceded by the collapse of the state.
    Oddly enough there was no official gold reduction just prior to the time when Victoria “**** the EU” Nuland was planning Yanukovich’s ouster, and as shown above, quite the contrary. It is a little more odd that it was during the period when Ukraine was “supported” by its western allies that several billion dollars worth of physical gold – the people’s gold – just “vaporized.”
    In any event, now that the disappearance of Ukraine’s gold has been confirmed, perhaps it is time to refresh the “unconfirmed” story that a little after the current Ukraine regime took power the bulk of Ukraine’s gold was taken to the United States.
    As of this writing, The NY Fed has still not answered our March request for a comment whether Ukraine’s gold has been redomiciled at the gold vault located some 80 feet below Liberty 33.
    Reprinted with permission from ZeroHedge.com.
    The Best of Tyler Durden


    Tags:
    Copyright © 2014 ZeroHedge
    Previous article by Tyler Durden: German Gold Held Hostage in NYC


    http://www.lewrockwell.com/2014/11/t...gone%e2%80%a8/
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  4. #4
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  5. #5
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    Ukraine's Reserves Plunge 20% In One Month, Drop Below $10 Billion To Lowest In A Decade

    Submitted by Tyler Durden on 12/05/2014 13:59 -0500

    Things for Ukraine are going from bad to worse.
    Following the revelation that Ukraine's sovereign gold has mysteriously been Corzined, following a stunning admission by central bank governor Valeriya Gontareva on primetime TV that "in the vaults of the central bank there is almost no gold left. There is a small amount of gold bullion left, but it's just 1% of reserves" which however left many questions unanswered and which led to prompt legal action against the central bank governor who is being charged with criminal abuse of power and misuse of office under Article 364 of the Criminal Code of Ukraine, one would think that at least Ukraine's dollar reserves would have increased by a modestly proportional, if not market equivalent, amount.
    Alas that is not the case.
    As the central bank reported overnight, the country's foreign-currency (and gold reserves) dropped by over 21% in one month, to under $10 billion in November for the first time in nearly a decade due to large payments for debt and gas, from $12.6 billion to $9.966 billion.
    The reason for the drop per the CB:

    • A reduction of $1.45 billion due to the need to remit a portion of funds that Naftogaz of Ukraine has set aside in a restricted account with the National Bank of Ukraine in order to settle gas bills and arrears with Gazprom OJSC for natural gas imported in November-December 2013 (it remains to be seen if Gazprom confirm receipt or if the funds were merely wired... somewhere).
    • A reduction of $897 million due to repayment and service Ukraine's foreign currency debt obligations, including the installment due to the IMF.
    • Lastly, a reduction of $573 million as a resyult of intervention in the foreign exchange market.

    As the WSJ comments, the bank’s announcement makes clear that the country is running out of the cash it needs to prop up the currency and pay back its debts, suggesting it needs more assistance from the West to avoid a default.


    Ukraine’s coffers have emptied this year as its economy has shrunk and its national currency, the hryvnia, has lost around half its value against the U.S. dollar.

    Ukrainian officials and analysts say Ukraine urgently needs a boost to its $17-billion lending program from the International Monetary Fund to prop up its finances. That comes amid a fresh push to stop the armed conflict with Russia-backed rebels after previous efforts have floundered.
    And yet, as a result of recently souring relations between Ukraine and Europe, notably Germany, it is becoming increasingly unlikely that Europe which has major economic problems of its own, will be supporting the country which as we saw earlier this week, is well on its way to becoming the latest (vassal) state of the US, now that a US Citizen, Natalie Jaresko, has been appointed the country's Finance Minister (which as we reported yesterday led to fights in the Ukraine parliament as the locals finally realize they got the short end of the stick in their negotiations with the US). Meaning it would be up to the US to continue providing the funding to keep the Ukraine US-puppet government going, in exchange for which the only quid-pro-quo remains a western backed army preventing aRussian onslaught in the Ukraine and, of course, providing Joe Biden's son with a director seat on one of the biggest local energy companies. Surely, for national security reasons.
    Meanwhile, as the civil war ravaged nation is about to enter the depths of winter, with its reserves evaporating at a torrid pace the next thing Ukraine's tortured population has to look forward to is hyperinflation as its currency begins losing even more of what little value it has left: first slowly, and then all of a sudden.
    Now if only Ukraine had some gold left to sell when the rainy days hit...

    http://www.zerohedge.com/news/2014-1...-lowest-decade
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

  6. #6
    Senior Member AirborneSapper7's Avatar
    Join Date
    May 2007
    Location
    South West Florida (Behind friendly lines but still in Occupied Territory)
    Posts
    117,696
    Ukraine Needs Second Bailout, Currency Reserves Drop to Critical Level

    Mike Shedlock | Dec 08, 2014

    On Wednesday I noted the arrival of carpetbaggers in Ukraine. (See Enter the Carpetbaggers: Ukraine's New Finance Minister a US Citizen, New Economy Minister from Lithuania).

    No carpetbagging mission is ever complete without at least one visit from the IMF.

    On Friday we learned that Ukraine will be blessed with a second visit from the IMF as its Foreign-Currency Reserves Dip Below $10 Billion.
    Ukraine’s central bank reported foreign-currency reserves at their lowest for almost a decade, raising pressure on the West to provide more financing to the country being squeezed by Russia.

    It also presents a dilemma for the West, which is reluctant to hand over more cash without clearer evidence that Ukraine’s newly elected government will deliver on pledges to overhaul the bureaucratic and corruption-plagued economy.

    Ukraine needs to pass a tight budget for next year among other overhauls to land nearly $3 billion from the International Monetary Fund, part of a $17 billion package that officials and analysts in Kiev say already needs to be expanded.

    “Ukraine is currently in a pretty critical condition—and desperately in need of IMF life support,” Standard Bank analyst Timothy Ash wrote in a note.

    Ukraine’s central bank said Friday its reserves dropped 21% to $9.97 billion in November from the previous month, after paying off some debt for natural gas deliveries owed to Russia, and servicing other debts.

    Reserves are now at their lowest since December 2004, when they stood at $9.71 billion. Analysts said the reserves now cover a little over one month of imports, while the IMF recommends reserves equivalent to at least three months of imports.

    The national bank spokeswoman said reserves were “enough to cover all current liabilities.” [Failing to add ... for a month].


    Where's the Love?

    Encouraged by the US, Ukrainians overthrew a Russian-leaning government. The new thugs sought closer ties to Western Europe.

    So, where's the European love?

    There isn't any. No money is coming from Germany, Italy, France or anywhere else.

    Worse yet, Ukraine is bogged down in a war with rebels and all of its gold mysteriously vanished.

    Except for the printing press, Ukraine has no money to wage war or pay soldiers. And it has no money at all to pay for oil, natural gas, or any other imports.

    Ukrainian Currency in Free-Fall

    As one might expect under the dire circumstances, Ukraine's currency, the Hryvnia, is in a state of freefall.




    Since November 30, 2013, the Hryvnia has gone from 8.15-per-US$ to 15.34-per-US$. That's a decline of 46.87% in just over a year.

    Since June 30, 2008, the Hryvnia has gone from 4.5-per-US$ to 15.34-per-US$. That's a decline of 70.66%.

    Were those closer ties to Western Europe worth it? If so, for whom?

    Mike "Mish" Shedlock
    http://globaleconomicanalysis.blogspot.com


    http://finance.townhall.com/columnis...l&newsletterad=
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)

Similar Threads

  1. Ukraine’s Right Sector Surrounds Parliament - held responsible for the assassination
    By AirborneSapper7 in forum Other Topics News and Issues
    Replies: 0
    Last Post: 03-29-2014, 03:42 AM
  2. Ukraine Parliament brawl
    By Newmexican in forum Other Topics News and Issues
    Replies: 0
    Last Post: 12-13-2012, 09:31 PM
  3. New York Is The Least Free State, Study Finds (VIDEO)
    By working4change in forum Videos about Illegal Immigration, refugee programs, globalism, & socialism
    Replies: 1
    Last Post: 06-15-2011, 07:12 AM
  4. Italian Parliament declares national state of emergency over
    By zeezil in forum illegal immigration News Stories & Reports
    Replies: 2
    Last Post: 07-25-2008, 10:32 PM
  5. VIDEO link to view the Mexican Meddling Parliament on U.S.A.
    By LawEnforcer in forum General Discussion
    Replies: 4
    Last Post: 11-16-2007, 03:53 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •