TRNN - Has the IMF Annexed Ukraine?

[swilton]

4. Thanks for posting this

Here is the link to the article referred to in which Hudson is quoted that Ukraine has more to fear from the IMF than Russia....

http://nationalinterest.org/feature/bretton-woods-the-real-threat-ukraines-sovereignty-12172


I am doubtful that the government making these deals represents all Ukrainians - certainly not the ones in the southeast but the country has been and is very ethnically mixed and even in the West I doubt that the opinions on this deal are uniform.


Here are a couple of points:

I recently posted a video that illustrates how the IMF works in another country - Zambia..The title of the move was Zambia: Good Copper Bad Copper. .It's about an hour long but it is really illustrative of how international finance works. But I will try to summarize with what rudimentary economic skills I have. A resource rich country (Ukraine, Zambia, etc.) goes into debt for various reasons. In order to gain hard currency, they sell of their natural resources, public goods etc., etc. Because these countries are insolvent the price for these goods is deflated and the IMF can provide a loan for these goods and pick them below their market costs. Voila, the price for the purchased goods increases, the IMF makes big $$$ and the countries have neither resources to supply their own population and sell on the global market but they also have exponentially high debt.

Here's a link to the movie on Zambia and I think it's pretty reasonable to expect a similar scenario in Ukraine.
http://www.democraticunderground.com/1017245053


The other issue is the connection of US policy makers to this dismantlement of Ukraine and who would benefit from these global financial deals....Note Hillary Clinton's (former (carpet bagger, spouse of the NAFTA godfather) senator from Wall Street er I mean NY who moved from NY Senator to the State Dept which is orchestrating these backroom deals to benefit high finance. Yes, State was always in the business of doing this, but now militarism is more greatly integrated into the project and its happening at a faster rate. Then there is Hunter Biden who is on the board of Ukraine's largest natural gas firm, and similarly the Yale roommate of John Kerry's son-in-law. I'm certain there are others.

http://www.washingtonpost.com/blogs/worldviews/wp/2014/05/14/hunter-bidens-new-job-at-a-ukrainian-gas-company-is-a-problem-for-u-s-soft-power/