Author Topic: Ukrainian people are in for a rude awakening – Welcome to the West!  (Read 141578 times)

0 Members and 1 Guest are viewing this topic.

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Kissinger Warns "We Need A New World Order"; Ukraine Should Forget Crimea & NATO
« Reply #120 on: November 18, 2014, 10:33:07 pm »
Kissinger Warns "We Need A New World Order"; Ukraine Should Forget Crimea & NATO
18 November 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-11-18/kissinger-warns-we-need-new-world-order-ukraine-should-forget-crimea-nato
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ukraine Central Bank Admits Gold Outflow
« Reply #121 on: November 24, 2014, 12:46:43 pm »
Ukraine Central Bank Admits Gold Outflow, Calls It "Optimization Of Reserve Structure"
24 November 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-11-24/ukraine-central-bank-admits-gold-outflow-calls-it-optimization-reserve-structure
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Re: Ukrainian people are in for a rude awakening – Welcome to the West!
« Reply #122 on: November 27, 2014, 07:41:34 am »
Naftogaz Sees Radical Increase in Gas Price for Ukrainian Homes
26 November 2014
, by Ladka Bauerova (Bloomberg)
http://www.bloomberg.com/news/print/2014-11-26/naftogaz-sees-radical-increase-in-gas-price-for-ukrainian-homes.html

Excerpt:

Ukrainians should brace themselves for a “radical increase” in the price of gas because that’s supported by all the parties negotiating a government coalition treaty, state gas company NAK Naftogaz Ukrainy said.

While the price of natural gas used by households for cooking and heating water rose by 50% on May 1, the decline in the hryvnia means they have fallen in dollar terms and remain “ridiculously low,” said Yuriy Vitrenko, director of international business at Naftogaz.

“Ukraine spends six times more on gas subsidies than on its military budget,” Vitrenko said in an interview in Bratislava, Slovakia. “We’re a country at war. It’s really insane.”

Subsidized gas is supplied to households for less than a 10th of the market price, according to Vitrenko.

He said the planned increase is supported by President Petro Poroshenko’s political bloc and four other pro-European Union parties, which signed a coalition agreement following Oct. 26 elections.

Ukraine must reform its energy sector under a $17 billion International Monetary Fund program to help the country avoid default.

Naftogaz Chief Executive Officer Andriy Kobolyev said in September that he wants to more than triple the 30 hryvnia ($2) a month that a third of Ukraine’s households pay for unlimited gas use before winter arrives.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
"Panicking" Ukrainians Face Soaring Prices, Warn "Inflation Is War"
« Reply #123 on: November 27, 2014, 07:01:40 pm »
"Panicking" Ukrainians Face Soaring Prices, Warn "Inflation Is War"
27 November 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-11-27/panicking-ukrainians-face-soaring-prices-warn-inflation-war

Excerpt:

With Ukraine, according to President Poroshenko, on the verge of World War III, it appears the people of the divided nation face another all too familiar war... on their living standards.

As Hyrvnia continues to collapse to record-er lows, Ukraine's Central Bank warns of further stress and FX (think USDollar or EUR) demand because the "population is in panic."

With a 19.8% inflation rate last month and a 48% devaluation in the currency this year, Bloomberg reports the costs of imported goods from gasoline to fruit and from medicine to meat is soaring.

One store-owner reflected that she "feels the hryvnia devaluation everywhere," and another noted "I can't imagine how people survive on a single pension.

We can’t even go to the drug store. We try to use herbs instead."

The Central bank expects inflation to keep rising (having previously peaked at 10,256% in 1993 as the Soviet economy was dismantled).

"Inflation is the same as the war," warns one analyst, "it may lead to protests if people blame the authorities for failing to conduct proper policies."
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
With Its Gold "Vaporized", A Furious Ukraine Turns On Its Central Bankers
« Reply #124 on: December 03, 2014, 04:49:31 am »
With Its Gold "Vaporized", A Furious Ukraine Turns On Its Central Bankers
2 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-02/its-gold-vaporized-furious-ukraine-turns-its-central-bankers
->>>|:-) THE CITY INDIANS (-:|<<<-

EvadingGrid

  • Guest
Re: Ukrainian people are in for a rude awakening – Welcome to the West!
« Reply #125 on: December 03, 2014, 05:23:05 am »
When will the Ukrainian people wake up to the fact that Ukrainian nationalism was a fake dream, that sold them out ?

My own experience of talking to people is that once they subscribe to a political dogma, they are a lost cause. They will simplistically continue to follow the cult, and so will blame "jews, communists, and russians" for the loss of the gold, coal, gas, and industry.

Sad.



Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Accident Took Place At Ukraine Nuclear Power Plant, Prime Minister Reveals
« Reply #126 on: December 03, 2014, 06:00:47 am »
Accident Took Place At Ukraine Nuclear Power Plant, Prime Minister Reveals
3 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-03/accident-took-place-ukraine-nuclear-power-plant-prime-minister-reveals
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Jackson Holly

  • Moderator
  • Member
  • *****
  • Posts: 13,582
  • It's the TV, stupid!
    • JACKSON HOLLY'S OLD HOME PLACE
Re: Accident Took Place At Ukraine Nuclear Power Plant, Prime Minister Reveals
« Reply #127 on: December 03, 2014, 08:01:13 am »
Accident Took Place At Ukraine Nuclear Power Plant, Prime Minister Reveals
3 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-03/accident-took-place-ukraine-nuclear-power-plant-prime-minister-reveals


… yikes! From the link @zerohedge:


"
So is this just another Chernobyl? According to Ukraine,
"the radioactive meltdown is contained."


Quote
Of course, there is no way to actually know what is happening on the ground as the NPP is located close enough to the "fog of war", that its status, and updates thereof, could merely be part of the fog of war. That said, if there is an unspoken message here by Ukraine, which recently handed over its gold to unknown "Western" interests, and suddenly feels neglected by its western allies (as its central bank head is about to find out personally), it is targeted directly at the IMF: "hand over more loans, or the nuclear power plant gets it."
St. Augustine: -The truth is like a lion; you don't have to defend it.
Let it loose; it will defend itself.-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
US Army Sends 100 Tanks To Eastern Europe To "Deter Russian Aggression"
« Reply #128 on: December 03, 2014, 02:14:50 pm »
US Army Sends 100 Tanks To Eastern Europe To "Deter Russian Aggression"
3 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-03/us-army-sends-100-bradley-and-abrams-tanks-eastern-europe-deter-russian-aggression
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ukrainian Gov. Giving Away Citizenships so Foreigners Can Run the Country
« Reply #129 on: December 03, 2014, 02:32:17 pm »
Made in the USA – How the Ukrainian Government is Giving Away Citizenships so Foreigners Can Run the Country
3 December 2014
, by Michael Krieger (Liberty Blitzkrieg)
http://libertyblitzkrieg.com/2014/12/03/made-in-the-usa-how-the-ukrainian-government-is-giving-away-citizenships-so-foreigners-can-run-the-country/
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Shipping Chokepoint Strangles Ukraine Hopes for U.S. LNG
« Reply #130 on: December 04, 2014, 06:15:19 am »
Shipping Chokepoint Strangles Ukraine Hopes for U.S. LNG
4 December 2014
, by Isis Almeida (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-04/shipping-chokepoint-strangles-ukraine-hopes-for-u-s-lng.html
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Fight Breaks Out In Parliament When Ukraine Learns It Has Become An US State
« Reply #131 on: December 04, 2014, 03:48:11 pm »
Fight Breaks Out In Parliament When Ukraine Learns It Has Quietly Become The Newest US State
4 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-04/fight-breaks-out-parliament-when-ukraine-learns-it-has-quietly-become-newest-us-stat

https://www.youtube.com/watch?v=Je5I4sgvXD4
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ukraine Goes Full Orwell, Unleashes "Ministry Of Truth"
« Reply #132 on: December 04, 2014, 09:24:50 pm »
Ukraine Goes Full Orwell, Unleashes "Ministry Of Truth"
4 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-04/ukraine-goes-full-orwell-unleashes-ministry-truth
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Jackson Holly

  • Moderator
  • Member
  • *****
  • Posts: 13,582
  • It's the TV, stupid!
    • JACKSON HOLLY'S OLD HOME PLACE
Re: Ukrainian people are in for a rude awakening – Welcome to the West!
« Reply #133 on: December 04, 2014, 09:33:03 pm »
^ ^ ^ ^

… the B**tards who shot down the plane are protecting
their sorry butts from the lynch mobs.

St. Augustine: -The truth is like a lion; you don't have to defend it.
Let it loose; it will defend itself.-

Offline Al Bundy

  • Moderator
  • Member
  • *****
  • Posts: 5,060
Re: Ukraine Goes Full Orwell, Unleashes "Ministry Of Truth"
« Reply #134 on: December 05, 2014, 02:43:04 am »
Ukraine Goes Full Orwell, Unleashes "Ministry Of Truth"
4 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-04/ukraine-goes-full-orwell-unleashes-ministry-truth

In Serbia after fall of Milosevic, new government repealed Ministry of Information. Such a Ministry was a symbol of nondemocratic regimes. I think all governments on Middle East have Ministry of information.

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Enter the Carpetbaggers: Ukraine's New Finance Minister a US Citizen
« Reply #135 on: December 05, 2014, 06:50:31 am »
Enter the Carpetbaggers: Ukraine's New Finance Minister a US Citizen, New Economy Minister from Lithuania
3 December 2014
, by Mike Shedlock (MISH'S Global Economic Trend Analysis)
http://globaleconomicanalysis.blogspot.nl/2014/12/enter-carpetbaggers-ukraines-new.html
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Putin Bailout Haunts Ukraine With Early Repayment Clause
« Reply #136 on: December 06, 2014, 07:36:29 am »
Putin Bailout Haunts Ukraine With Early Repayment Clause
5 December 2014
, by Krystof Chamonikolas, Natasha Doff and Volodymyr Verbyany (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-04/putin-bailout-haunts-ukraine-with-early-repayment-clause.html

Excerpt:

The risk that Russia will seek early repayment of a $3 billion bond is adding to pressure on Ukraine as it races to secure more International Monetary Fund loans.

Russia has the right to call the Eurobond, bought a year ago to avert a default, if Ukraine’s public debt tops 60% of GDP.

The ratio may jump to 70% by Dec. 31, Moody’s Investors Service said Oct. 30.

While Russian President Vladimir Putin said last month he won’t use the redemption clause on the notes, part of a bailout package signed with deposed President Viktor Yanukovych, there’s no guarantee he won’t change his mind, said Paul McNamara at GAM UK Ltd.

That could weigh on Ukrainian finances, strained by a war against pro-Russian separatists, political wrangling after October elections and uncertainty about further IMF aid.

“I wouldn’t rely on Russian officials’ statements about the bail bond,” McNamara said Dec. 3 by phone from London.

“There’s a real prospect of a standoff between Russia and the IMF, which will find it hard to justify to the western countries the covering of an early repayment.”

Ukraine’s bonds lost 9.3% this quarter through yesterday, the most after Venezuela among 58 nations in the Bloomberg USD Emerging Market Sovereign Bond Index. (BEMS)

The benchmark note due July 2017 fell 13 cents on the dollar in the period, reaching a record-low 73.1 cents today by 4:43 p.m. in Kiev, with the yield at all-time-high 23.5%.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ukraine's Reserves Plunge 20% In One Month, Drop To Lowest In A Decade
« Reply #137 on: December 07, 2014, 08:28:44 am »
Ukraine's Reserves Plunge 20% In One Month, Drop Below $10 Billion To Lowest In A Decade
5 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-05/ukraines-reserves-plunge-20-one-month-drop-below-10-billion-lowest-decade
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Re: Ukrainian people are in for a rude awakening – Welcome to the West!
« Reply #138 on: December 07, 2014, 02:49:46 pm »
IMF to visit Kiev for bailout talks
6 December 2014
, Kiev (Reuters)
http://www.reuters.com/article/2014/12/06/us-ukraine-crisis-imf-idUSKCN0JK08C20141206

An International Monetary Fund mission will visit Kiev from Dec. 9 to 18 for talks with the new government regarding a $17 billion bailout program, the IMF's Ukraine representative Jerome Vacher said on Saturday.

The IMF program was agreed in April to shore up the ex-Soviet state's foreign currency reserves and support the economy, which was blighted by years of corruption and economic mismanagement and is now struggling with the extra costs of fighting a separatist rebellion in its eastern territories.

Kiev had expected that the next loan tranche, worth $2.7 billion, would come before the end of the year, but the IMF waited for a new government to be formed to hold talks on the payment.

"An International Monetary Fund (IMF) mission led by Nikolay Gueorguiev will be working in Kiev during December 9-18 ... the mission will begin policy discussions with the Ukrainian authorities in the context of the Fund-supported economic reform program ***," Vacher said in a statement.

Parliament elected a new government on Tuesday that includes three non-Ukrainian technocrats - seen as a bid by Kiev to prove its commitment to reforming an economy strangled by red tape and corruption.

New Finance Minister Natalia Yaresko, who held various economic positions in the U.S. State Department before moving to work in Ukraine over 20 years ago, said on Wednesday the government wanted to meet the Fund as a matter of urgency.

In September the Fund warned that if Ukraine's conflict with the separatists runs into next year, the country may need as much as $19 billion in extra aid.

Clashes in east Ukraine, where Russian-backed separatist rebels are fighting Kiev government troops, have continued despite the signing of a ceasefire three months ago, and the death toll has risen to more than 4,300 since mid-April.

Ukraine has so far received two tranches under the IMF program, worth a total of $4.6 billion, but the country's foreign currency reserves are at a ten-year low due to gas debt repayments to Russia and efforts to support the struggling hryvnia currency.


*** IMF same exact four-step program:

1.0 Privatization 'Briberization.'

2.0 IMF/World Bank capital market deregulation allows investment capital to flow in and out the "Hot Money" cycle.

3.0 Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas

4.0 IMF and World Bank call their "poverty reduction strategy": Free Trade- "The IMF riot."


http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ukraine Bonds Crash To Record Low After Minister Asks For More IMF Bailouts
« Reply #139 on: December 10, 2014, 04:56:27 pm »
Ukraine Bonds Crash To Record Low After Economy Minister Asks For More IMF Bailouts
10 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-10/ukraine-bonds-crash-record-low-after-economy-minister-asks-more-imf-bailouts


->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Leaked Document: Ukraine's Government Set To Eliminate... Everything
« Reply #140 on: December 10, 2014, 05:42:57 pm »
Leaked Document: Ukraine's Government Set To Eliminate... Everything
10 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-10/leaked-document-ukraines-government-set-eliminate-everything
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ukraine Seeks Bigger IMF Package as Bonds Slump to Record
« Reply #141 on: December 11, 2014, 08:42:37 am »
Ukraine Seeks Bigger IMF Package as Bonds Slump to Record
10 December 2014
, by Marton Eder and Volodymyr Verbyany (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-10/ukraine-seeks-bigger-imf-package-as-bonds-slump-to-record.html

Excerpt:

Ukraine said it needs an expansion of a bailout program that’s keeping its economy afloat as bonds fell to a record and government forces continued to come under attack from pro-Russian separatists in the east.

Economy Minister Aivaras Abromavicius said yesterday it’s too early to say how much more aid Ukraine requires.

The country may need to almost double its $17 billion emergency loan “within weeks” to avoid bankruptcy, the Financial Times reported, citing unidentified officials.

Representatives from the International Monetary Fund arrived in Kiev this week to discuss further payments under the existing program and a possible expansion.

Concerns are growing that the government in Kiev will be unable to repay its debts as the months-long fighting in two breakaway regions takes its toll on Ukraine’s economy.

The country’s credit-default swaps are the highest worldwide after Venezuela, data compiled by Bloomberg show.

“The financing which Ukraine needs is so large, and the Western financing likely on offer or available of much smaller size,” said Tim Ash, London-based chief emerging-market economist at Standard Bank Group Ltd.

The price of Ukraine’s dollar-denominated bonds maturing in July 2017 tumbled 6 cents to 67.3 cents on the dollar yesterday in Kiev, the lowest level on record.

The yield surged to 27.582%, almost double the yield on bonds maturing in 2023.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ukraine Truce Shudders as PM Warns of Possible ‘Default’
« Reply #142 on: December 11, 2014, 09:43:46 am »
Ukraine Truce Shudders as PM Warns of Possible ‘Default’
11 December 2014
, by Volodymyr Verbyany and Kateryna Choursina (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-10/ukraine-seeks-bigger-imf-package-as-bonds-slump-to-record.html

Excerpt:

Separatists killed three Ukrainian soldiers, jolting a two-day-old truce, as the country’s prime minister called for an international donor conference to avoid a possible “default.”

The casualties come after Ukraine said it would halt hostilities in an attempt to start new talks with the pro-Russian rebels that it’s fighting in the country’s east.

Ukraine needs to expand a $17 billion international bailout that’s keeping its economy afloat after bonds fell to a record, Economy Minister Aivaras Abromavicius said yesterday, adding it’s too early to say how much more aid Ukraine requires.

“To receive financial aid in order to survive in this difficult time, not to allow default, we need an international donor conference, the approval of Ukraine’s program, and to get support from our western partners,” Premier Arseniy Yatsenyuk told lawmakers in Kiev today.

The country may need to almost double its emergency loan “within weeks” to avoid bankruptcy, the Financial Times reported Dec. 9, citing unidentified officials.

Representatives from the International Monetary Fund arrived in Kiev this week to discuss further payments under the existing program and a possible expansion.

Yatsenyuk referred to the Financial Times story today, telling lawmakers it was the newspaper, not he, saying the country may need the extra $15 billion in aid.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ukraine Seeking $10 Billion in Aid to Avert Threat of Default
« Reply #143 on: December 15, 2014, 08:55:48 pm »
Ukraine Seeking $10 Billion in Aid to Avert Threat of Default
15 December 2014
, by Daryna Krasnolutska and James G. Neuger (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-15/ukraine-seeking-10-billion-in-aid-amid-talks-with-u-s-europe.html

Excerpt:

Ukraine is seeking at least $10 billion in aid to stave off a default as its economy shrinks under the strain of spending cuts and a separatist war, while foreign reserves languish at the lowest in more than a decade.

“When we need financial assistance?” Ukrainian Prime Minister Arseniy Yatsenyuk said after meeting European Union officials in Brussels. “Let me put it in a nutshell: yesterday.”

The former Soviet republic is discussing a financial rescue with the U.S. and the EU, Valeriy Chaly, deputy chief of President Petro Poroshenko’s administration, told reporters in Kiev.

Ukraine needs an international donor conference to prevent default, Yatsenyuk told lawmakers Dec. 11.

The government is grappling with the deepest recession since 2009 and this year’s worst-performing currency, with the hryvnia plunging 48% against the dollar and a $17 billion international bailout proving insufficient.

While a Dec. 9 truce in Ukraine’s easternmost regions has stemmed fatalities in a conflict that’s killed more than 4,600, talks over a lasting peace deal have been delayed.

“Without additional resources, it’s almost impossible to cover financial gaps,” Chaly said. “Talks are about the amount Ukraine needs to conduct reforms and avert default, and the timing of such support.

I can’t tell you the exact size but let’s say $10 billion. Otherwise, it will be very, very difficult to resolve the issue.”
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Jackson Holly

  • Moderator
  • Member
  • *****
  • Posts: 13,582
  • It's the TV, stupid!
    • JACKSON HOLLY'S OLD HOME PLACE
Re: Ukrainian people are in for a rude awakening – Welcome to the West!
« Reply #144 on: December 15, 2014, 09:43:44 pm »


… hold the phone! Aren't JARESKO and her BANKSTER
cronies gonna FIX the Ukraine economy?


"
…  the greed at the cost of human life and society is so brazen here it causes me to stop typing to reread the sentences. Can market-consciousness have brought us this low?


Ukraine's Jaresko, Biden Are Harbingers of Neo-Liberal Order.
Corporate Exploitation


Neo-liberal democracy in action: negotiating with the IMF, Washington on behalf of Ukrainians' interests is a former State Department employee, Natalie Jaresko

Patrick L. Smith (Salon)
This is an excerpt from an article that originally appeared at Salon

Long ago, an English diplomat in Tokyo wrote to his Foreign Office in London:

“The Japanese can neither love the Americans nor endure being loved by them.”

It is dead on the fate of Ukrainians so far as one can make out. All signs are they are in for the suffocating embrace. Here comes the neoliberal order. It will be very weird to watch.

My jaw hit the corner of my desk when I read last week that Ukraine’s new finance minister, one Natalie Jaresko, is:

  1.  An American citizen, granted a Ukraine passport simultaneously with her cabinet appointment
  2.  A former State Department officer,
  3.  Recipient of hundreds of millions of dollars in that $5 billion Victoria Nuland famously bragged of spending in State’s effort to yank Ukraine westward
  4.  A participant in apparently extensive insider dealing via the investment management company she co-founded after leaving State.

Get this:

Jaresko served as president and chief executive officer of Western NIS Enterprise Fund (WNISEF), which was created by the U.S. Agency for International Development with $150 million to spur business activity in Ukraine.

She also was co-founder and managing partner of Horizon Capital, which managed WNISEF’s investments at a rate of 2 percent to 2.5 percent of committed capital, fees exceeding $1 million in recent years, according to WNISEF’s 2012 annual report.

Her title at Horizon Capital must be CCIO, chief conflict of interest officer.


Quote
Footnote here: That $150 million fund State handed Jaresko has lost more than a third of its value since the Ukrainian economy tanked. As she steps into office, Kiev’s foreign reserves are down to $10 billion and shrinking, while inflation roars at 22 percent.

READ HERE~~~>http://russia-insider.com/en/2014/12/14/1873

ALSO … an article/expose of JARESKO here:
Ukraine’s Made-in-USA Finance Minister

http://www.globalresearch.ca/ukraines-made-in-usa-finance-minister/5418617

St. Augustine: -The truth is like a lion; you don't have to defend it.
Let it loose; it will defend itself.-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Gazprombank Claim Thwarted as Naftogaz Says Gas Isn’t in Ukraine
« Reply #145 on: December 17, 2014, 11:52:00 am »
Gazprombank Claim Thwarted as Naftogaz Says Gas Isn’t in Ukraine
17 December 2014
, by Daryna Krasnolutska and Volodymyr Verbyany (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-17/gazprombank-claim-thwarted-as-naftogaz-says-gas-isn-t-in-ukraine.html

A claim by Russia’s Gazprombank on about 40% of the gas in Ukraine storage is set to be foiled as state-run NAK Naftogaz Ukrainy says it has only a fraction of the fuel.

Gazprombank claims the 5.68 billion cubic meters of gas as backing for a $842.5 million loan to chemical producer Ostchem Holding Ltd. controlled by Ukrainian billionaire Dmitry Firtash.

Firtash was detained this year in Vienna on a U.S. warrant for charges including bribery, which he denies.

Gazprombank has demanded early repayment of the loan by Dec. 30 because of Ostchem’s inability to meet its obligations, the Russian lender said on Dec. 15.

“Companies that are part of Ostchem store some gas” in the underground storage of Naftogaz’s transit unit Ukrtransgaz, the subsidiary said late yesterday in an e-mailed statement.

“The residual amount of gas belonging to those companies are strictly recorded after their requests have been met.”

While the companies wouldn’t divulge how much of Ostchem’s gas is still stored, Naftogaz owned 11.45 billion cubic meters of the total 13.9 billion cubic meters in Ukrainian storage as of Dec. 1, according to the government-owned gas company.

The dispute over stored gas is the latest conflict between parties in Russia and Ukraine over the fuel.

Russia cut supplies to Ukraine in June over a price and debt dispute after annexing Crimea and stoking unrest in two eastern regions of the country.

Firtash got the Gazprombank loan last year to buy 5 billion cubic meters of gas, paying $268.5 per thousand cubic meters of the fuel, compared with the rate of about $400 Naftogaz was paying.

The billionaire’s Group DF, which controls Ostchem, declined to comment when called by Bloomberg News.

Firtash made his fortune as a broker of Russian gas sales to Ukraine.

He and a partner owned half of RosUkrEnergo, which became Ukraine’s sole gas importer from 2006 to 2009, a period bracketed by price disputes with Russia that led to supply halts.

Ostchem has four chemical plants in Ukraine.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Chevron Shale Exit Shreds Ukraine’s Hope of Energy Independence
« Reply #146 on: December 17, 2014, 02:51:25 pm »
Chevron Shale Exit Shreds Ukraine’s Hope of Energy Independence
17 December 2014
, by Ladka Bauerova and Joe Carroll (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-17/chevron-shale-exit-shreds-ukraine-s-hope-of-energy-independence.html

Excerpt:

Shale gas was supposed to be Ukraine’s ticket to greater energy independence from Russia. Chevron Corp. (CVX)’s decision to pull the plug has smashed those hopes.

The second-largest U.S. energy producer will pull out of an agreement for exploring the Oleska field in western Ukraine, a government official said this week.

It was the final blow to the country’s dream of becoming a big shale-gas producer after Royal Dutch Shell Plc (RDSA) retreated earlier this year from a similar deal in eastern provinces riven by a bloody war with pro-Russian separatists.

While Chevron can walk away unscathed, for Ukraine it’s another blow to the prospects of reviving a chaotic economy that remains dependent on Russia, a country it claims to be in armed conflict with.

Already weighed down by the war that’s killed more than 4,600 people and teetering on the verge of default, Ukraine was counting on foreign capital to develop its domestic gas resources.

“Foreign investment will start to flow only if there is a healthy, predictable investment environment based on the rule of law,” said Ulrich Benterbusch, managing director at German energy agency Dena.

“This includes drastic measures to reduce the endemic corruption.”

Chevron grew frustrated with the Ukrainian government’s failure to modify tax rules under which foreign explorers have to operate in the country, said Allen Good, an energy industry analyst at Morningstar Inc. in Chicago.

The second-largest U.S. oil producer never even got an opportunity to drill any exploratory wells, which indicates the reason for pulling out was regulatory rather than any problems with the geology, Good said.

Chevron declined to comment beyond a statement that they’ve given the Ukrainian government their decision.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ukraine’s Mriya CFO Departs Amid $1 Billion Debt Restructuring
« Reply #147 on: December 17, 2014, 05:39:12 pm »
Ukraine’s Mriya CFO Departs Amid $1 Billion Debt Restructuring
17 december 2014
, by Julie Miecamp and Daryna Krasnolutska (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-17/ukraine-s-mriya-cfo-departs-amid-1-billion-debt-restructuring.html

Mriya Agro Holding Plc’s said its chief financial officer is leaving the company as it seeks to restructure $1 billion of debt.

Oleksander Cherniavskiy’s departure follows the Ukranian agricultural group’s offer to cede control to creditors, according to an e-mailed statement from Mriya.

Tension between management and lenders has been growing since Mriya said in August it missed payments on some of its obligations.

Mriya said yesterday that creditors should reach an agreement on the restructuring by year-end, or the group would have to cut jobs and start bankruptcy proceedings for some units.

The company is struggling as Ukraine’s conflict with pro-Russian rebels in eastern regions pushes the country’s economy into the deepest recession since 2009.

“We understand that economically Mriya belongs to lenders,” Chief Executive Officer Vladyslav Luhovskiy said on the company’s website.

“A number of legal processes, initiated by our lenders as well as absence of lender’s consolidated position on restructuring terms doesn’t allow the group to survive in current situation.”

The group’s 9.45% notes due April 2018 were last quoted at 10 cents on the dollar on Dec. 9, according to data compiled by Bloomberg.

The bonds were at 77 cents at the end of July.

International bondholders including Ashmore Investment Management Ltd, T. Rowe Price Associates Inc. and CarVal Investors asked Ukrainian authorities to investigate the company’s owners in a letter sent in October.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
EU says Ukraine needs $15 billion, has limited ability to help
« Reply #148 on: December 17, 2014, 06:39:26 pm »
EU says Ukraine needs $15 billion, has limited ability to help
17 December 2014
, Brussels (Reuters)
http://www.reuters.com/article/2014/12/17/us-ukraine-crisis-loans-idUSKBN0JV2DD20141217

The International Monetary Fund estimates Ukraine needs another $15 billion in financing to withstand an economic crisis but the European Union has only limited capacity to help, European Commission President Jean-Claude Juncker said on Wednesday.

Ukrainian Prime Minister Arseny Yatseniuk appealed to the EU in Brussels this week for urgent financial aid. He says Ukraine, facing a pro-Russian rebellion in eastern territories that has killed over 4,700 people and disrupted the economy, risks defaulting unless Western donors come up with more funds.

"Ukraine will need more help," Juncker told the European Parliament in Strasbourg on Wednesday.

"The assessment of Ukraine's financing gap has been completed by the IMF.

Ukraine will need $15 billion in addition to what is already planned."

An IMF team visited Kiev last week for talks on its existing $17 billion bailout package.

A year of revolution and war, as well as disruptions in trade and long-standing problems with corruption and mismanagement, have pushed Ukraine's hryvnia currency UAH= to record lows and crippled the economy.

Juncker said he expected Ukraine to request another €2 billion ($2.5 billion) from the European Union but he said the EU's member governments would have to chip in as the EU's executive Commission did not have enough money in its budget.

"There is only a small margin of flexibility for additional financing next year.

And if we fully use our margin for Ukraine, we will have nothing to address other needs that may arise over the next two years," Juncker said.

U.S. assistant secretary of state for European and Eurasian Affairs Victoria Nuland, speaking at the American Enterprise Institute thinktank in Washington,said:

"We expect that the IMF and World Bank will have to increase their support for Ukraine, but that the friends of Ukraine around the world will do as well.

New funding for Ukraine must be pegged to Ukraine implementing reforms, she said.

($1 = 0.8028 euros)
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Pensioners starve in Donetsk region, rely on food donations to survive
« Reply #149 on: December 17, 2014, 08:24:39 pm »
Pensioners starve in Donetsk region, rely on food donations to survive https://www.youtube.com/watch?v=LzZdOTwNSU4

Dec 17, 2014 RT
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
It Cost Ukraine's Government $4 Billion To Get Re-Elected
« Reply #150 on: December 20, 2014, 05:11:52 pm »
It Cost Ukraine's Government $4 Billion To Get Re-Elected
20 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-20/it-cost-ukraines-government-4-billion-get-re-elected
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Poroshenko Says Ukraine Can’t Scrimp on Army as S&P Rating Cut
« Reply #151 on: December 21, 2014, 03:02:25 am »
Ukraine’s Rating Cut by S&P as IMF Delay Raises Default Risk
19 December 2014
, by Daryna Krasnolutska (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-19/ukraine-rating-cut-by-s-p-as-bailout-delay-raises-default-risk.html

Poroshenko Says Ukraine Can’t Scrimp on Army as S&P Rating Cut
20 December 2014
, by Daryna Krasnolutska (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-20/poroshenko-says-ukraine-can-t-scrimp-on-army-as-s-p-cuts-rating.html

Excerpt:

Ukraine’s president, speaking a day after the nation’s junk credit rating was cut further, said next year’s budget mustn’t cut corners on military spending and should account for the possibility of an invasion.

Addressing Ukraine’s security council, Petro Poroshenko urged expenditure on the army of 5% of GDP in 2015.

The government should target NATO guidelines on military spending and seek to meet the alliance’s entry criteria, he said yesterday in Kiev, the capital.

“The war made us stronger, but has crushed the economy,” Poroshenko said.

“There’s one article of spending that we won’t save on and that’s security.

Our financial plan should cover force majeure. Our enemy can start a full-scale offensive any minute.”

Ukraine is finalizing next year’s fiscal plan amid a new cease-fire in the conflict that’s ravaged its industrial heartland near Russia’s border.

As its economy shrinks and reserves languish at a more than 10-year low, it’s also racing to secure more international aid to top up a $17 billion rescue.

Standard & Poor’s said Dec. 19 that a default may become inevitable, downgrading Ukraine’s credit score one step to CCC-.

With official forecasts putting this year’s contraction at 7%, the government needs $15 billion on top of its bailout to stay afloat, according to the European Union.

To unlock the next tranche of the International Monetary Fund-led package, it plans to approve a 2015 budget by Dec. 23.

An IMF mission, which visited Kiev Dec. 9-18, will return early next year.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Ukraine Central Bank Conned Into Swapping Its Gold For Lead Bricks
« Reply #152 on: December 22, 2014, 05:10:43 pm »
Ukraine Central Bank Conned Into Swapping Its Gold For Lead Bricks
22 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-22/ukraine-central-bank-conned-swapping-its-gold-lead-bricks
->>>|:-) THE CITY INDIANS (-:|<<<-

EvadingGrid

  • Guest
Re: Ukraine Central Bank Conned Into Swapping Its Gold For Lead Bricks
« Reply #153 on: December 22, 2014, 06:19:32 pm »
Ukraine Central Bank Conned Into Swapping Its Gold For Lead Bricks
22 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-22/ukraine-central-bank-conned-swapping-its-gold-lead-bricks

Brilliant headline.

Hilarious story.

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Re: Ukrainian people are in for a rude awakening – Welcome to the West!
« Reply #154 on: December 23, 2014, 09:32:40 am »
Ukraine Cuts Gold Reserve to Nine-Year Low as Russia Buys
23 December 2014
, by Phoebe Sedgman and Jasmine Ng (Bloomberg)
http://www.bloomberg.com/news/print/2014-12-23/ukraine-cuts-gold-reserve-to-nine-year-low-as-russia-buys.html

Excerpt:

Ukraine reduced gold reserves for a second month to the lowest since August 2005 as Russia bought bullion for an eighth month to take its holdings to the highest in at least two decades, according to the International Monetary Fund.

Ukraine’s holdings fell to 23.6 metric tons in November from 26.1 tons in October, data on the IMF’s website showed. Reserves in Russia climbed to about 1,187.5 tons in November from 1,168.7 tons a month earlier, according to the data.

Holdings by Ukraine are shrinking as fighting with separatists in the east of the country slows the economy and weakens the hryvnia.

The country is relying on a $17 billion loan from the IMF to stay afloat and stave off a default. Foreign reserves are at the lowest in more than a decade amid the deepest recession since 2009.

Bullion holdings have dropped 45% from a record 42.9 tons in April, IMF data show.

The country’s “financial situation has been under pressure,” Steven Dooley, a currency strategist for the Asia Pacific region at Western Union Business Solutions, said by phone from Melbourne.

“Its currency has been under pressure as well. Ukraine is definitely a small player. We really haven’t seen any large impact” on the gold market, he said.

Bullion for immediate delivery has declined 1.7% this year to $1,181.75 an ounce after slumping 28% in 2013 as investors reduced holdings in exchange-traded products, the dollar strengthened and the U.S. economy recovered.
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
William Engdahl: Foreign Bankers Rape Ukraine
« Reply #155 on: December 23, 2014, 04:31:05 pm »
Foreign Bankers Rape Ukraine
18 December 2014
, by William Engdahl (NEO)
http://journal-neo.org/2014/12/18/foreign-bankers-rape-ukraine/
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Re: Ukrainian people are in for a rude awakening – Welcome to the West!
« Reply #156 on: January 06, 2015, 05:48:20 pm »
Ukraine Bonds at 60 Cents Seen Signaling Risk of Default
6 January 2015
, By Krystof Chamonikolas (Bloomberg)
http://www.bloomberg.com/news/print/2015-01-05/ukraine-bonds-at-60-cents-seen-signaling-risk-of-default.html

Excerpt:

Ukraine’s deepening recession and mounting debt burden have bondholders to Moody’s Investors Service weighing prospects for a sovereign default.

The country’s July 2017 notes are trading below 60 cents on the dollar, extending a record monthly selloff in December, down from above par a year ago.

Ukrainian debt lost 21% in 2014, the worst slump after Venezuela among 59 countries tracked by the Bloomberg USD Emerging Market Sovereign Bond Index. (BEMS)

Investors are fleeing as central bank Governor Valeriya Gontareva said on Dec. 30 that Ukraine is facing a “full-blown financial crisis” and that its economy probably shrank 7.5% in 2014 amid a collapse in the currency and the war with pro-Russian separatists in the country’s east.

Bond prices are signaling expectations of delayed repayments and possible losses on principal, according to Lutz Roehmeyer at LBB Invest.

“I hope for a rescheduling but I fear it may be a complete restructuring,” Roehmeyer, who oversees $1.1 billion of debt from emerging markets including Ukraine, said by phone from Berlin on Jan. 2. “

If you expect Ukraine to lengthen the maturities by three to five years only, without a haircut, the bonds should trade above 80 cents.”
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Meet Janika Merilo: Ukraine's New Minister For Attracting Investment
« Reply #157 on: January 09, 2015, 02:20:59 pm »
Meet Janika Merilo: Ukraine's New Minister For Attracting Investment
9 January 2015
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2015-01-09/meet-janika-merilo-ukraines-new-minister-attracting-investment

->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
UPDATE 2-Russia says Ukraine has violated loan terms, no decision on repayment - agencies
10 January 2015
, Moscow (Reuters)
http://www.reuters.com/article/2015/01/10/ukraine-crisis-russia-debt-idUSL6N0UP04W20150110

* Russia's Siluanov says Ukraine has violated loan terms

* No decision yet taken on demanding early repayment

* Comments precede peace talks to resolve Ukraine conflict (Adds finance minister comments and further context)

Ukraine has violated the terms of a $3 billion Russian loan but Moscow has not yet decided whether to demand early repayment, Russian Finance Minister Anton Siluanov was quoted on Saturday as saying.


Russia lent the money in December 2013 by buying Ukrainian Eurobonds, two months before Ukraine's then-president, the pro-Moscow Viktor Yanukovich, fled the country amid mass protests against his rule.

The terms of the loan deal included a condition that Ukraine's total state debt should not exceed 60% of its annual GDP.

Last month, rating agency Moody's estimated that Ukraine's debt amounted to 72% of GDP in 2014 and would rise to 83% in 2015. It also said "the risk of default is rising".

"Ukraine has definitely violated the terms of the loan, and in particular (the condition) not to increase its state debt above 60% of GDP," Russia's Siluanov said, according to Interfax news agency.

"So Russia definitely has the right to demand early return of this loan. At the same time, at present this decision has not yet been taken."

Siluanov was commenting on earlier remarks by an anonymous government official saying that Russia was likely to demand early repayment as Ukraine had violated many of the loan terms.

PEACE TALKS

Last November, President Vladimir Putin told German media that Russia did not intend to demand early repayment of Ukraine's debt as this would trigger the financial collapse of the former Soviet republic.

The Russian finance ministry was not immediately available on Saturday to comment on the reports.

The Russian remarks on the debt come ahead of key peace talks to resolve the conflict in eastern Ukraine and may be intended to increase economic pressure on Kiev with a view to influencing those talks.

More than 4,700 people have been killed in fighting between Kiev's forces and pro-Russian rebels in eastern Ukraine since last April.

The foreign ministers of Russia, Ukraine, Germany and France will meet in Berlin on Monday to discuss the conflict, with a summit between the four countries' leaders in Kazakhstan provisionally scheduled for Jan. 15.

The comments on Ukraine's debt also followed a downgrade overnight of Russia's credit rating by Fitch, underscoring Moscow's own deteriorating finances.

Russian agencies cited an anonymous government official on Saturday as branding the Fitch downgrade "politically biased, not partner-like and economically absolutely unfounded".
->>>|:-) THE CITY INDIANS (-:|<<<-

Offline Letsbereal

  • Moderator
  • Member
  • *****
  • Posts: 58,615
  • Know Thyself
Thank You Western Taxpayer: Russia To Accelerate $3bn Of Ukraine Debt
« Reply #159 on: January 10, 2015, 10:52:40 am »
Thank You Western Taxpayer: Russia To Accelerate $3bn Of Ukraine Debt
10 January 2015
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2015-01-10/thank-you-western-taxpayer-russia-accelerate-3bn-ukraine-debt
->>>|:-) THE CITY INDIANS (-:|<<<-