Berlin Conference 2.0: Russia To Bail Out Hyperinflationary Belarus As Colonization Scramble Heats Up

Tyler Durden's picture

Who said that only Germany is allowed to annex Greece (and soon Ireland and Portugal)? (and if Der Spiegel has anything to say about it, again, Bailout #2 is far from certain... more on that shortly). In a surprising move, Russia has decided to remind everyone just how irrelevant the IMF is now that Russia and China run the "sovereign rescue" show, and that it too can play the imperialist game just as well as the Troica. Following the recent hyperdevaluation of the Belarus Ruble as discussed on Zero Hedge, and the country's collapse into a hyperinflationary hell, Reuters has just reported that Putin, that "White Knight" of former USSR imperialist dominance, has decided to "bailout" Belarus. From Reuters: "Cash-strapped Belarus will receive a three-year $3 billion loan from a Russia-led regional bailout fund as it seeks to stabilize its economy, Prime Minister Vladimir Putin's spokesman Dmitry Peskov said on Saturday. The former Soviet republic on Friday unveiled a series of measures to end the crisis, including a vow to cut its budget deficit in half, after its currency lost 36 percent of its value in May and inflation reached 20.2 percent." It is unclear just how many billions in funds will need to be derived from forced "privatization" of Belarus assets for the benefit of the old KGB guard, or what the interest rate on the rescue loans will be. What is more than clear is that as more and more countries fall into the toxic debt spiral, their neighbors who actually have capital and/or natural resources (ergo the irrelevance of the IMF), will "bail them out" only to remind the world that colonization is what it has always been truly about.

Berlin Conference ver 2.0 -  here we come.