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Did IMF Just Win The War Of Ukraine Debt Annexation?

Tyler Durden's picture





 

The Russians had dangled their multi-billion euro carrot - then swiftly removed it pending further details of who is really running the show (demanding a crackdown on the extremists who are trying to establish power).

The Europeans have promised an even bigger carrot - predicated on, we presume, total abdication of sovereignty.

But now the Americans are jumping in - Treasury Secretary Jack Lew "urged" Ukraine's interim leader Yatsenyuk to start talks with the IMF as he and Lagarde agreed the fund would be the best foundation for advice and financing (if sought by a fully established Ukrainian government).

 

Just this morning, Ukraine explained it needed $35 billion over the next 2 years...

 

The Russians have made it clear they are not amused... (via Interfax)

Moscow on Monday urged the Ukrainians to bring back the situation in their country into "the legal framework" and "crack down on the extremists who are trying to get established in power."

 

"We earnestly call upon all those who are involved in the crisis in Ukraine to show the maximum sense of responsibility, to take action to prevent the further degradation of the situation, to bring it back into the legal framework, and to crack down on the extremists who are trying to get established in power," Russia's Foreign Ministry said in a statement posted on its website, www.mid.ru.

 

The ministry expressed "extreme anxiety" over current developments in Ukraine.

 

 

"In the last few days, the capital and some other cities in the country have been sites of armed clashes between young rioters and militants from ultra-right nationalist organizations and law enforcement units that were defending the security of civilians and national interests," it said.

 

"The militants have not been disarmed, refuse to leave the streets of the cities that they de facto control and to vacate administrative buildings, and continue acts of violence," the ministry said.

 

"The agreement of February 21 on the settlement of the crisis in Ukraine is not being complied with, though its signature was authenticated by the ministers of foreign affairs of Germany, Poland and France whereas the United States and the European Union, and other international structures have welcomed this document," the statement said.

The Europeans, we presume, are hiding behind the IMF/US

Treasury Secretary Jacob J. Lew told Ukrainian leader Arseniy Yatsenyuk that Ukraine has support for an international aid package centered on the International Monetary Fund and urged him to seek assistance, a Treasury  official said.

 

Lew and IMF Managing Director Christine Lagarde agreed that the fund would be the best foundation for advice and financing if sought by a fully established Ukrainian government, the official said in an e-mailed statement.

 

Lew and Lagarde spoke on the way back to Washington from a meeeting of the Group of 20 nations in Sydney.

and to apply a little more pressure:

  • *S&P DOWNGRADES THREE UKRAINIAN BANKS TO 'CCC'; OUTLOOKS NEG

 

But it seems we have an answer... (from the newly-installed Ukraine central bank chief)

  • *UKRAINE'S KUBIV PLANS TO INVITE IMF MISSION, UNIAN SAYS

Which means only one thing: Russia's locked out and gas prices are about to skyrocket...

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#000000; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 17.333332061767578px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; background-color: #ffffff;"> 

#000000; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 17.333332061767578px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; background-color: #ffffff;">And of course, now the US realizes it might have Russia on the ropes...

  • MCCAIN, SENIOR U.S. REPUBLICAN SENATOR, SAYS U.S. MUST BE READY TO PROVIDE ADDITIONAL ASSISTANCE TO UKRAINE

U.S. Senator John McCain (R-AZ) today released the following statement on developments in Ukraine:

I am proud and overjoyed for the people of Ukraine. Their struggle for democracy, justice, and a European future is far from over, and it has come at a heavy price. But thanks to the sacrifice of many Ukrainian patriots, there is now new hope for Ukraine again.

“During this challenging time, the Ukrainian people have been fortunate to have dedicated friends. I commend the tireless efforts of U.S. Ambassador Geoff Pyatt and Assistant Secretary of State Victoria Nuland. From Brussels to Berlin, Paris to Warsaw, Vilnius to Budapest, European leaders have also played an important role. I have spoken in recent days to Vitali Klitschko, Arseniy Yatsenyuk, and former Prime Minister Yulia Tymoshenko, all of whom were grateful for the international support that Ukraine has received.

Now more than ever, the Ukrainian people need the continued support of their friends. The country is on the brink of economic crisis, and a host of difficult challenges awaits the new government and the Rada. Urgent reforms are needed to address many of the country’s unsustainable monetary, fiscal, and energy policies. Additional actions are needed to crack down on corruption, bolster the rule of law, deepen democratic institutions, and prepare for early elections. The path of reform will be difficult, but if the new Ukrainian government is prepared to make these tough – and, at times, unpopular – decisions, it will need significant assistance from the IMF and the European Union. The United States must be ready to provide additional assistance as well.

The Ukrainian people will also need the unwavering support of their friends on behalf of their country’s sovereignty, national unity, and territorial integrity. It is deeply concerning that some in Ukraine and Russia seem to be calling these principles into question. None of us should forget that Russian President Vladimir Putin has publicly questioned whether Ukraine is an independent country and whether Crimea is Ukrainian territory. Recent media reports, based on newly uncovered documents, allege that Russian intelligence officials were advising Ukrainian security forces in planning violent crackdowns. Ukraine’s future is for the Ukrainian people to determine, and the free world must send the unequivocal message that Ukrainian territory is inviolable and indivisible.

While the road ahead is fraught with many challenges and dangers, the Ukrainian people have created a new opportunity to pursue their dream of a democratic, prosperous, and European future. The United States and all of Ukraine’s friends must stand with them.”

 


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Mon, 02/24/2014 - 13:08 | Link to Comment Headbanger
Headbanger's picture

Which is exactly what the Big Oil & Nat Gas thugs want!

Mon, 02/24/2014 - 13:08 | Link to Comment reload
reload's picture

unleash the economic hit men

Mon, 02/24/2014 - 13:10 | Link to Comment PR Guy
PR Guy's picture

 

 

They got the bit about "gas prices about to take off" wrong. The gas is about to be turned off. By Russia.

 

Mon, 02/24/2014 - 13:10 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

It's a good thing that the USA has lots of natural gas.  Some for export even.

(Peru has natural gas too)

Mon, 02/24/2014 - 13:25 | Link to Comment Divided States ...
Divided States of America's picture

So I guess its time the US sticks their big noses again into other people's business.....for future benefits. US aint no big brother....they just a bully waiting to take advantage of others...Like that fucker Rahm Emanual said...never waste a crisis.

btw, Rahm's full name is Rahm Israel Emanual. Look at Barrack Hussein Obama, Ben Shalom Bernanke. looks like fuckers in power all have some religious meaning in their name. I dont think its a coincidence.

 

Mon, 02/24/2014 - 13:29 | Link to Comment Manthong
Manthong's picture

Within two weeks Russia runs Kiev and restores the government.

It won't be pretty.

Anybody heard from Germany lately?

Where did Angela come from again?

Mon, 02/24/2014 - 13:34 | Link to Comment Rubicon
Rubicon's picture

Cue Syrian crisis

Mon, 02/24/2014 - 15:24 | Link to Comment NoDebt
NoDebt's picture

I never thought the bidding for Ukraine's debt would exceed the $19B WhatsApp purchase price.

Obviously, I "vastly underestimated the amount of political commitment that European countries have in making the Euro a success."  

Mon, 02/24/2014 - 16:14 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

New Ukraine "government" surrenders to IMF.

Mon, 02/24/2014 - 16:33 | Link to Comment new game
new game's picture

will need to underwrite a hell-of-a cache of arms for imeadiate delivery-the russians are coming.

imf -instant money fix(with strings attached)

oh, calling obozo, fish head and dried-on for exemplary statesmanship in diplomacy(smoke and mirrors) to help democracy have a chance.

redux...

 

Mon, 02/24/2014 - 13:34 | Link to Comment optimator
optimator's picture

East Germany '53, Hungary '56, Czechoslovakia '68 -- just when they thought they won.  My fear is that B.O. will not look the other way in this case.

A really neutral Ukraine that lets Russia have the Crimean Penninsula?

Mon, 02/24/2014 - 15:05 | Link to Comment Manthong
Manthong's picture

??  Like President Steve Urkel is going to do anything about it?

He is powerless in that area.

Maybe he should consider doing an Inchon on Shanghai instead..

That's where all the gold is now.

Mon, 02/24/2014 - 13:37 | Link to Comment BKbroiler
BKbroiler's picture

Boris, where are you?

Mon, 02/24/2014 - 14:10 | Link to Comment KickIce
KickIce's picture

Boris is in a vodka induced coma since Rusian hockey team lost.

Mon, 02/24/2014 - 14:20 | Link to Comment rsnoble
rsnoble's picture

Boris is busy pounding Natasha's ass raw after an exquisite dinner of fried squirrel. 

Mon, 02/24/2014 - 13:57 | Link to Comment KickIce
KickIce's picture

I'm sure Putin is absolutely pissed seeing that they pulled this off when his hands were tied with the Olympics.  McCains support probably ensures US support.

Mon, 02/24/2014 - 19:40 | Link to Comment Not Too Important
Not Too Important's picture

Oh, yes, you could see it on his face at the Closing Ceremony last night.

I wouldn't want to be the one to piss him off. Not in the slightest.

Mon, 02/24/2014 - 13:26 | Link to Comment max2205
max2205's picture

McStain should stick to domestic affairs or quit....he is done AZ will not relect this retard

Mon, 02/24/2014 - 14:41 | Link to Comment machineh
machineh's picture

“Now more than ever, the Ukrainian people need the continued support of their friends."

With 'friends' like Johnny McShame, who needs enemies?

Deport this criminal alien back to Panama where he came from.

Mon, 02/24/2014 - 17:14 | Link to Comment The Limerick King
The Limerick King's picture

 

 

A limerick for Johnny McStain

Who went through some Vietnam pain

This guy hates the poor

But loves a good war

This Neo-Con nut is insane!

Mon, 02/24/2014 - 13:27 | Link to Comment The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Luciferian Oligarchy ties.

Mon, 02/24/2014 - 14:09 | Link to Comment Tim_
Tim_'s picture

Rahm Israel Emanuel, Ben Shalom Bernanke, Jacob Joseph "Jack" Lew, and Victoria Jane Nuland are all jews.

Mon, 02/24/2014 - 19:44 | Link to Comment Not Too Important
Not Too Important's picture

So? There are a lot of white psychopaths looting the US, too. And a few blacks, and some Asians, and those Muslim Brotherhood appointees . . .p

I mean, really, the US assraping is a multicultural activity. Let's give credit where credit is due.

Mon, 02/24/2014 - 13:24 | Link to Comment James_Cole
James_Cole's picture

The international motherfuckers are here to help.

Mon, 02/24/2014 - 13:29 | Link to Comment Possible Impact
Possible Impact's picture
Snakes On a Plane- Samuel L. Jackson

http://www.youtube.com/watch?v=vLaX8UvVUQw

Mon, 02/24/2014 - 15:26 | Link to Comment PhilofOz
PhilofOz's picture

Watched it on Foxtel pay tv last night. About as unbelievable as almost everything else that comes out of Hollywood these days.

Mon, 02/24/2014 - 13:38 | Link to Comment Stoploss
Stoploss's picture

It's called a demand spike. ;)

 

Im going to guess no one really looked at the direction, or colors, of all those arrows..

See, the last time the EU tried this, i recall, it got REAL COLD over in the EU.

Mon, 02/24/2014 - 14:35 | Link to Comment Groundhog Day
Groundhog Day's picture

What happens if The Ukrainians figure out they are mere pawns and go after the pipelines?  Then we could have some firewrks

Mon, 02/24/2014 - 16:30 | Link to Comment Luckhasit
Luckhasit's picture

Unleash the Kraken!

Mon, 02/24/2014 - 13:18 | Link to Comment stant
stant's picture

"sasha turn off the tank they are gona pay thier rent bill for them"

Mon, 02/24/2014 - 13:28 | Link to Comment max2205
max2205's picture

When will the tanks roll in to preserve order?

Mon, 02/24/2014 - 13:32 | Link to Comment HamRove
HamRove's picture

Which is exactly what the Big Oil & Nat Gas thugs want!

No they want the tears of children from war torn countires.

They inject it like heroine and get off for a few hours until they need another fix.

Mon, 02/24/2014 - 13:30 | Link to Comment williambanzai7
williambanzai7's picture

Mon, 02/24/2014 - 15:53 | Link to Comment LMAOLORI
LMAOLORI's picture

 

 

William

We need a picture of McShame so we can print it off site and throw darts at it.

Tue, 02/25/2014 - 19:09 | Link to Comment smacker
smacker's picture

She's on her way to the beach!

Mon, 02/24/2014 - 13:11 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Wrong place for my post, sorry.

 

Mon, 02/24/2014 - 13:10 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

what a choice.... "Which organization gets to own our populace as debt serfs for the rest of their lives" what a wonderful world

Mon, 02/24/2014 - 13:52 | Link to Comment LeisureSmith
LeisureSmith's picture

I wonder how long it will take Ukraine to have GMO crops growing in their fields. The cynic in me thinks the usual suspects are allready on site ready to be sown this spring...but that's just me.

Mon, 02/24/2014 - 14:18 | Link to Comment SDShack
SDShack's picture

Irrigated with Chernoybl water. Soon will have stories about how Ukranians love freedom so much, they are GLOWING.

Mon, 02/24/2014 - 19:45 | Link to Comment Not Too Important
Not Too Important's picture

Well, now that Carlsbad, NM is powdered with plutonium, we need another site . . .

Mon, 02/24/2014 - 13:10 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Congrats, another set of debt slaves to add to your PIIGS portfolio...

/s

 

Mon, 02/24/2014 - 13:15 | Link to Comment cora
cora's picture

IMF is doing wonders in Greece.

Mon, 02/24/2014 - 13:22 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Yes, lots of young greeks catering to very wealthy Germans.  Congrats, the parents of those greek whores must be very proud...

 

In this case, given a very clear Russian divide, something tells me that this isn't over just yet.

Mon, 02/24/2014 - 13:31 | Link to Comment disabledvet
disabledvet's picture

it's over.

"number three export is wheat.
to Russia."

The IMF won't have any trouble tripling that amount.
Japan couldn't be any happier...provided the ships can get through Suez Canal.

You can add a zero to the "average Ukranian's salary" right now.

I'm not sure i'd be worried if I were a Russian in Eastern Ukraine as i'm about to get a huge pay raise.

Next up: "Moscow."

Mon, 02/24/2014 - 13:38 | Link to Comment LawsofPhysics
LawsofPhysics's picture

"I'm not sure i'd be worried if I were a Russian in Eastern Ukraine as i'm about to get a huge pay raise." - Bullshit, let's see if they adopt the Euro first.  Otherwise, yes, 200% pay raise in fiat with 1000% less purchasing power. "winning"

Mon, 02/24/2014 - 14:43 | Link to Comment Son of Loki
Son of Loki's picture

The EU has been pigging out on very cheap gas prices for the past few years. Enuff free-loading. Realistically, the price needs to be about 500% moar.

Forward!

Mon, 02/24/2014 - 15:05 | Link to Comment TheReplacement
TheReplacement's picture

What about the fact (posted on ZH a while back) about Greeks having more wealth per capita than Germans?  How about the fact that Germans are working and Greeks are unemployed?  Who is working for whom?

Mon, 02/24/2014 - 14:20 | Link to Comment SDShack
SDShack's picture

Isn't MyRA Greek?

Mon, 02/24/2014 - 13:16 | Link to Comment HyBrasilian
HyBrasilian's picture

Quel surprise! [Here come the beanie counters]

Mon, 02/24/2014 - 13:21 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

for the low low price of your national sovereignty, you and your country can be indebted to us forever. whats not to like? check out those greeks, they are doing great. don't you want to be just like them in a few years? then sign right here...

then those riot will be back in a few years when the populace realizes how screwed they are, but thatll be years from now, several election cycles, and we only care about the here and now, so fuck it

Mon, 02/24/2014 - 13:26 | Link to Comment TahoeBilly2012
TahoeBilly2012's picture

Not trully "free" until Miley Cyrus schedules a concert there...that's when you know you have arrived.

Mon, 02/24/2014 - 14:42 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Now the UPIIGS Portfolio.

Am now waiting for TUPIIGS, since Turkey has gold and is the perfect alternate route for NatGas from the Gulf.  Which allows for NatGas to be priced in USDs also, thus completing the NWO world rule via the USD.

"When the NatGas + Oil flows from the ME to the EU via Turkey, it will cease to flow via Ukraine:  "Check Mate, Boris" is my prediction.

Wax on, wax off.  Pipe On, Pipe Off.

Mon, 02/24/2014 - 13:11 | Link to Comment Tracerfan
Tracerfan's picture

So the IMF will be paying Russia a lot of money for gas on behalf of a bankrupt Ukraine.  What a great use of taxpayer money.

Mon, 02/24/2014 - 13:44 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

"So the IMF will be paying Russia a lot of fiat currency for gas on behalf of a bankrupt Ukraine.  What a great use of increasing taxpayer debt" would be more accurate, and telling.

"Here, Russia, have some moar of our confetti currency -- it's nothing."

Mon, 02/24/2014 - 14:06 | Link to Comment cro_maat
cro_maat's picture

As long as Russia can exchange the fiat for manipulated gold on the CRIMEX what's not to love? / s

Mon, 02/24/2014 - 13:11 | Link to Comment Ban KKiller
Ban KKiller's picture

Just sign here. No problem...the fine print says you give up your country. But you do get massive debt in return. 

Mon, 02/24/2014 - 13:23 | Link to Comment HamRove
HamRove's picture

Oh yeah, for Keynesians massive debt IS the silver lining.

Soverignty is Sooo 2008.

Mon, 02/24/2014 - 13:49 | Link to Comment Urban Redneck
Urban Redneck's picture

Fire up the printing press... As if there is any money left in the Ukranian banks, perhaps it wasn't such a bright idea for the CB to put out a press release late last week saying "Open for business!" http://www.bank.gov.ua/control/en/

http://investukraine.com/sectors/banking-and-insurance-in-ukraine
The Ukrainian banking system consists of the central bank (the National Bank of Ukraine, abbreviated as NBU) and 175 commercial banks with Top-20 players accumulating 70% of total assets (USD 91 bn). Compared to other countries of Central and Eastern Europe, the share of state and international capital in the sector is relatively moderate. International banking groups account for 42% of total assets.

http://www.bank.gov.ua/doccatalog/document?id=67327
And keep in mind the NPL estimates were 35-40% before the shitstorm of the last couple months started.

Mon, 02/24/2014 - 13:12 | Link to Comment Seasmoke
Seasmoke's picture

How did I wind up on Putin's side ???.....I feel like someone made it so I'm rooting for The Dallas Cowboys. 

Mon, 02/24/2014 - 13:29 | Link to Comment somecallmetimmah
somecallmetimmah's picture

In Russia, gas has you.  Not other way around.

Mon, 02/24/2014 - 14:49 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

Why did you feel a need to choose sides?

Mon, 02/24/2014 - 15:09 | Link to Comment TheReplacement
TheReplacement's picture

You would be better saying screw both "sides" and cheer for the Ukrainian people.  Oh well, as long as people can cheer for Putin or the "West" the Ukrainians can go screw themselves.

People being idiots and cheering for those about to die.  Same as it ever was.

Mon, 02/24/2014 - 13:13 | Link to Comment nasdaq99
nasdaq99's picture

Putin wins again.  The west shells out all the money & he raises gas prices.................

 

What idiots run our economy.

Mon, 02/24/2014 - 13:51 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

As long as the West pays in confetti paper (USD, EUR) that costs the MFers NOTHING to create, does Putin/Russia really "win"? 

Seems to me that they still deplete their resources for King Confetti.  Thus, it is not 'idiots' but evil geniuses who run our country.

Mon, 02/24/2014 - 14:40 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

"Money"?  Are you sure the West is shelling out money?

 

Who are the idiots holding out their hands to receive the newly-printed fiat?

The Ukranians are the idiots holding out their hands to receive the newly-printed fiat!

 

If these Idiots choose EU fiat, then Putin loses...

Mon, 02/24/2014 - 13:13 | Link to Comment silvermail
silvermail's picture

- I'm suspecting, that now in Ukraine there will be full freedom.

- And I'm suspecting that the first full freedom in Ukraine - it will be freedom from all Ukraine gold reserves!

- I'm suspecting that, it is one of the main conditions under which the EU is ready to give Ukraine a little of freshly printed colored papers.


Hello EU, freedom and
"western values", but Goodbye our Gold reserves! LOL

Mon, 02/24/2014 - 13:42 | Link to Comment Winston Churchill
Winston Churchill's picture

SoP on IMF loan covenants.

The most important one, they don't want paper prmises to repay.

 

Mon, 02/24/2014 - 14:48 | Link to Comment somecallmetimmah
somecallmetimmah's picture

"LOL"?  What is this "LOL" you speak of?

Mon, 02/24/2014 - 15:10 | Link to Comment TheReplacement
TheReplacement's picture

Very sad.

Mon, 02/24/2014 - 13:13 | Link to Comment beavertails
beavertails's picture

Russian Invasion by end of the week.  Not that USA is playing Chess, Putin will play RISK.

Mon, 02/24/2014 - 13:16 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Not that USA is playing Chess...

You got that right pal.  It's not even playing checkers at this point!

Mon, 02/24/2014 - 13:31 | Link to Comment max2205
max2205's picture

Put all the unemployed in the EU in uniform and send them to Ukraine. ...IMF 2% growth rate accomplished

Mon, 02/24/2014 - 14:05 | Link to Comment SilverRhino
SilverRhino's picture

Yup.   And Kremenchuk bridge across the Dneper is going to quickly become VERY valuable real estate.   

Mon, 02/24/2014 - 13:15 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

"Treasury Secretary Jack Lew "urged" Ukraine's interim leader Yatsenyuk to start talks with the IMF as he and Lagarde agreed the fund would be the best foundation for advice and financing (if sought by a fully established Ukrainian government)."...

Somebody please correct me if I'm wrong but have we ever had such an outspoken Treasury Secretary in our history in full view of the World with his candor sacrificing himself as an accessory to treason by his own Government?

Un-hinged and "Un-Fucking" believeable!

Mon, 02/24/2014 - 13:28 | Link to Comment Village-idiot
Village-idiot's picture

The new government of the Ukraine has to have debt so that they can be controlled.

Mon, 02/24/2014 - 14:58 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Looks like Putin missed that particular class.  He should've pulled the same stunt, thus having both Leverage and Pretext.

Clearly the two sides are playing by different rules of Financial and PR Warfare.

Mon, 02/24/2014 - 15:12 | Link to Comment TheReplacement
TheReplacement's picture

Sorry, I couldn't hear you.  Could you repeat that?

Mon, 02/24/2014 - 14:59 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Looks like Putin missed that particular class.  He should've pulled the same stunt, thus having both Leverage and Pretext.

Clearly the two sides are playing by different rules of Financial and PR Warfare.

Mon, 02/24/2014 - 15:12 | Link to Comment TheReplacement
TheReplacement's picture

Thanks!

Mon, 02/24/2014 - 16:04 | Link to Comment Lost Word
Lost Word's picture

Ukraine already was in debt to Russia.

Mon, 02/24/2014 - 13:29 | Link to Comment MeMongo
MeMongo's picture

Simple really Nemo, just transpose the first letters in the Secretary's name and then check their definitions, and the answer becomes evident. i.e Lack= deficiency,insufficiency,shortage,shortfall,paucity etc. And the other name requires no necessary examples!:-)

Mon, 02/24/2014 - 13:35 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

MeM

See my crash course book "Zionist Banker Chess for Dummies" below for details.

Sure hope we win!

Mon, 02/24/2014 - 13:16 | Link to Comment MsCreant
MsCreant's picture

So they won't have to hire the sqwid to hide their debts with creative accounting so that they can join the EU?

Spain: El Fuck-o.

Greece: You're shittin' me.

Cypress: No bail-ins, really?

Itally: Holy intercourse-o!

Mon, 02/24/2014 - 13:24 | Link to Comment Dr. Engali
Dr. Engali's picture

It's fucking amazing that the very first thing they do is start signing over their sovereignty to the bankers no matter who is. "In charge".

Edit. I should say that it amazes me that people keep falling for it.

Mon, 02/24/2014 - 13:25 | Link to Comment Village-idiot
Village-idiot's picture

That's exactly what I was thinking.

They should actually be continuing the revolution while they're on a roll. They should be getting rid of the central bank etc.

But, in reality, nothing substantial is going to change.

Look for the "Vampire Squid" to quietly move in.

Mon, 02/24/2014 - 13:44 | Link to Comment somecallmetimmah
somecallmetimmah's picture

It's the 'Bolshevik' way.  They didn't cause the revolution.  They just waited until it was successful, and then walked in & stole the show.

Tavarish', ya vam zhelayu dal'nyeshikh uspe'hov!

Mon, 02/24/2014 - 14:16 | Link to Comment cro_maat
cro_maat's picture

Dr. Engali - You forget that those who financed, armed, provoked and now control the new "Ukraine Government" are the US State Dept., CIA, US MIC, etc. The Ukrainians are only along for the ride (i.e. cannon fodder).

Mon, 02/24/2014 - 14:25 | Link to Comment SDShack
SDShack's picture

The spooks did the same thing in Egypt and Lybia, and things haven't worked out as planned in either case lately. Ukraine can easily backfire on the spooks.

Mon, 02/24/2014 - 15:18 | Link to Comment silvermail
silvermail's picture

Those who seized power in Kiev - made armed coup. Therefore, they are all is CRIMINALS. Those who carry out the orders of criminals - are collaborators and accomplices of criminals. Both the first and the second, should be arrested and prosecuted!

Ukrainian people (not paid a handful of extremists and nationalists, but it is the people of Ukraine) said: "Fascism will not pass!"

http://www.youtube.com/watch?v=JUt5lC7NVEk
http://www.youtube.com/watch?v=sMhyG_XmoQM#t=16
http://www.youtube.com/watch?v=MSN98WkcfwQ#t=14

Mon, 02/24/2014 - 13:26 | Link to Comment blabam
blabam's picture

Those government Mercedes don't drive on dreams and hope. 

Mon, 02/24/2014 - 13:40 | Link to Comment ziggy59
ziggy59's picture

Didnt Ukraine have 18 Billion in gold, and reserves, etc?
http://www.imf.org/external/np/sta/ir/IRProcessWeb/data/ukr/eng/curukr.htm

Mon, 02/24/2014 - 14:07 | Link to Comment Urban Redneck
Urban Redneck's picture

If the gold was physically in Ukraine, it got on a plane (or planes) last week.

If it was in custody at the IMF/BIS/FRBNY/LBMA/CRIMEX it was looted long ago anyway.

Mon, 02/24/2014 - 14:12 | Link to Comment somecallmetimmah
somecallmetimmah's picture

"Didn't".  You are correct, sir.

Mon, 02/24/2014 - 13:17 | Link to Comment Flakmeister
Flakmeister's picture

Let me know when Putin starts playing chess...

I've been waiting for about 6 months. White has made the first move, now is Black's turn...

Mon, 02/24/2014 - 13:26 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Hey 'Flakey'

What are the Zionist "house rules" these days for a game of chess anyway?

rooks move like bishops..., knights like rooks... pawns like Queens...?

Rules?  Who needs rules!

Mon, 02/24/2014 - 13:35 | Link to Comment disabledvet
disabledvet's picture

get over it dude.

the Banksters have been kicking our butts here five straight years.
Your just holding your dick in your hand now.

Mon, 02/24/2014 - 13:38 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

So true.  I've actually got my favorite Miss January "pin-up" from 1980 out as we speak!

Might as well?

Mon, 02/24/2014 - 13:41 | Link to Comment Uncle Remus
Uncle Remus's picture

Full Monty then?

Mon, 02/24/2014 - 14:22 | Link to Comment MeMongo
MeMongo's picture

I agree nemo shaved bush ain't my style either! Early Jenny Mcarthy all day long time:-)

Mon, 02/24/2014 - 13:36 | Link to Comment PR Guy
PR Guy's picture

In Ireland, Bishops like children.

Mon, 02/24/2014 - 13:55 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Ah yes... This is true.

But I prefer it when the Bishop keeps his hands to "himself" and leaves the little lads and lasses alone!

Taking the "Mitre" (on and off) the Bishop can be so therapeutic before the outbreak of a World War –Don’t you know!

Mon, 02/24/2014 - 14:25 | Link to Comment MeMongo
MeMongo's picture

Yea pr and rabbi's suck peto after circumsicion! What's your point?

Mon, 02/24/2014 - 13:45 | Link to Comment Flakmeister
Flakmeister's picture

Oh goodie, earlier I was called "Randian Objectivist", "Little Bitch", now  obliquely a "Zionist"...

And perhaps the funniest was that earlier some twit accused me of "believing in God"....

And it's barely lunch time...

Maybe Johnny can chime in and call me a "Cunt", after all its been almost 16 hrs since he has...

Don't you know, "Rules" are for people that don;t know how to make their own...

But thanks for playing...

Mon, 02/24/2014 - 13:52 | Link to Comment Son of Captain Nemo
Son of Captain Nemo's picture

Don't you know, "Rules" are for people that don;t know how to make their own...

Why Flak

Thanks for your modesty in providing that oh so subtle and revealing answer!

Cake has already been made.

Now let's sit back and let the "Easy Bake Oven" do the rest of the work!

 

Mon, 02/24/2014 - 13:55 | Link to Comment ThirdWorldDude
ThirdWorldDude's picture

Oh, how touching, Al Gore's little lapdog got insulted. Here little pal, have a carbon credit, it'll make you feel better...

Mon, 02/24/2014 - 14:30 | Link to Comment Flakmeister
Flakmeister's picture

Actually, I am being overcome by a deep sense ennui from the lack of anything objective being stated, let alone parroted, here...

Let's add "lapdog" to todays list...

Edit: Damn, I missed that Freddie called me a "douchebag" earlier....

Mon, 02/24/2014 - 16:42 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

I'd just like to add "self-important fuckhead" to the list.

Mon, 02/24/2014 - 17:00 | Link to Comment Flakmeister
Flakmeister's picture

Anything else you want to get off your chest?

And since you asked....

http://www.despair.com/pretension.html

;-)

Mon, 02/24/2014 - 13:33 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

That's right, Fluke, side with the fucking American Empire on this one. 

Can't wait, after East and West Ukraine splits, and the Ukrainian nationalists in the west start figuring it out and begin 'protests' agains their imposed puppet government, to watch you suddenly support violent police tactics against the "fascist" protesters.

Fathead.

 

Mon, 02/24/2014 - 13:44 | Link to Comment Flakmeister
Flakmeister's picture

Ooops, I misjudged... Make that "fathead" instead of "cunt"....

I'm sitting back munching popcorn and calling 'em as I see him...

Looks to me like Putin got caught with his pants down....

And to paraphrase a notable fictional figure, "I ain't on anyone's side because no one is really on my side..."

Mon, 02/24/2014 - 14:05 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

stop almost quoting Treebeard, you twat.

Pants down? Russian intelligence is nothing like what the US fields, but in Ukraine - they know what's up more than the US does. 

Looks to me like you misjudge a lot. You think it's Russia meddling in Ukraine versus the US? Where in the fuck do you get your news?  Russia has been playing defense, and it would be eminently reasonable for them to protect a successionist east.

and reasonable for them to play N.E.D. in the western ukraine once stage 2 riots break out in protest of the puppet government that is, as we insult each other, selling out the Ukrainian people.

I'm on their side - I know a little of their history... be nice if they stopped being fucked with. But the NWO fuckers are far, far worse than the bear.

Examine your premises.

Mon, 02/24/2014 - 14:24 | Link to Comment Flakmeister
Flakmeister's picture

Let's see, "fathead", now "twat"... You are on all roll, don't stop...

BTW, tell your theories to someone who gives a fuck about what you think, it certainly ain't me....

Mon, 02/24/2014 - 14:53 | Link to Comment somecallmetimmah
somecallmetimmah's picture

Don't forget your bad breath!  Srsly, dude...you need to do something about that.

Mon, 02/24/2014 - 15:19 | Link to Comment TheReplacement
TheReplacement's picture

How many kulaks died because of the bear, 25%?  Yeah, really charming. 

Let's just be glad Putin doesn't have all the tools available to Obama.  That would be scary.

Mon, 02/24/2014 - 15:48 | Link to Comment Volkodav
Volkodav's picture

Ignorant post. Reds were responsible.

Soviet was never a Russian construct.

From 1917 thru Stalin Russians were not in control.

 

 

Mon, 02/24/2014 - 16:06 | Link to Comment Lost Word
Lost Word's picture

Must have been all those Georgian Jews.

Mon, 02/24/2014 - 16:16 | Link to Comment silvermail
silvermail's picture

"I've been waiting for about 6 months. White has made the first move, now is Black's turn..."

You have strange associations...

I thought, it Black has made the first move, now is White's turn...

Mon, 02/24/2014 - 16:39 | Link to Comment Flakmeister
Flakmeister's picture

\facepalm

Oh my god, this place has slipped...

Mon, 02/24/2014 - 13:19 | Link to Comment FilthyHabits
FilthyHabits's picture

I'll put 5 on it, thats enough right?

 

I often have wondered what is the differance between a card game in a fuked up part of philly, brick lined basement walls, with a bunch of dirty, smoking, overweight mobsters and mr. j. lew... wait... is that really his last name? Are we sure he diddnt add the "L"?

 

Mon, 02/24/2014 - 13:20 | Link to Comment FilthyHabits
FilthyHabits's picture

10....

Mon, 02/24/2014 - 13:20 | Link to Comment CitizenPete
CitizenPete's picture

Off goes the gas and queue the tanks.

Mon, 02/24/2014 - 13:19 | Link to Comment alien-IQ
alien-IQ's picture

the Ukraine is fucked. They are about to become a pinata at a banker party.

Mon, 02/24/2014 - 13:43 | Link to Comment Uncle Remus
Uncle Remus's picture

LOL

Mon, 02/24/2014 - 13:25 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

It's ALL about creating + controlling the Debt.

 

Using the Deep State model that Charles Hugh Smith talks about, I'd argue that NatGas is dangerous to the dominance of the USD, because of its "substitution" effect to using oil.  Oil is priced in USD's, NatGas is not. 

Which is why the US does not want the EU to become even more dependant on NatGas -- unless such gas came from its ME Friends, who will continued to use the USD.  Ukraine and its pipelines are therefore an integral part of the Big Game:  NWO rule via King Dollar. 

And he/they who control the supply of the USD controls the US and the world.

Mon, 02/24/2014 - 13:25 | Link to Comment Johnny Cocknballs
Mon, 02/24/2014 - 14:51 | Link to Comment Lost Word
Lost Word's picture

What is Ukraine using to buy Russian natural gas?

Its own Ukrainian currency?

Rubles?

Euros?

Barter?

Mon, 02/24/2014 - 19:20 | Link to Comment post turtle saver
Mon, 02/24/2014 - 13:24 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

same as it ever was.

I think the only people on the ropes are the people in the West/NW of Ukraine.  About to get fucked by the likes of Yatsenyuk, who, we will soon learn, is a typical "globalist" cunt in DC's pocket.

If you want to know what the future of Ukraine looks like, imagine Jack Lew and Paul Krugman taking turns fucking it in the ass - forever.

Mon, 02/24/2014 - 14:49 | Link to Comment machineh
machineh's picture

... in between doing each other.

Mon, 02/24/2014 - 13:25 | Link to Comment SgtShaftoe
SgtShaftoe's picture

If Russia and the US would leave Ukraine the fuck alone, they'd probably be fine.  Now the Ukranians think their problems are over, they'll find out they're just starting.  Queue the insurgency in 10..9...

Mon, 02/24/2014 - 14:24 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

Do the Ukrainians want to be left alone?

 

It sounds to me like they are selling themselves to the highest bidder.

 

 

 

whores.

Mon, 02/24/2014 - 14:56 | Link to Comment somecallmetimmah
somecallmetimmah's picture

"If Russia and the US would leave Ukraine the fuck alone, they'd probably be fine."

Ummm, yeah, ok...no, that's not going to happen.

Ever.

Mon, 02/24/2014 - 13:38 | Link to Comment Yardfarmer
Yardfarmer's picture

Due to circumstances beyond our control what has formerly been referred to as "IMF riot" will henceforth be known as "IMF insurrection". And coming soon to a theatre near you look for our new and improved mega version, "IMF regional war"!

"Having expanded by a healthy 4.1 per cent in 2010, and 5.2 per cent the following year, Ukraine slumped to just 0.2 per cent growth in 2012, as the combination of a weak eurozone and a sluggish Russian economy cast a pall over this nascent capitalist society. In 2013, the Ukrainian economy was even weaker, registering no growth at all".

http://www.independent.ie/opinion/analysis/russia-holds-a-trump-card-in-...

 

"The country’s debt to GDP ratio is under 40% and thus nowhere near to the ClubMed levels: but a whopping 25% of the entire debt is in short term bonds that must be repaid by mid 2015. Long before the Kiev demos got going, the country’s leaders knew that  bankruptcy and sovereign default were inevitable, because the economy is in bad shape, – and no way capable of generating the cash to pay off the pressing bond maturities".

The only way that bond yields have been kept within reason so far is that Moscow has been buying vast amounts of Ukrainian debt at heavily discounted levels. But once things began to look dodgy for Yanukovych, Russia deliberately pulled back. Not only has it no plans to buy further debt, the Kremlin is politely (so far) asking for the Ukrainians to pay their energy bills.

http://osnetdaily.com/2014/02/ukraine-four-reasons-why-its-going-to-end-...

Mon, 02/24/2014 - 13:46 | Link to Comment disabledvet
disabledvet's picture

the Bankers are knocking down the doors to get in dude.
Here's your HUGE winner: http://www.bloomberg.com/news/2014-02-19/franklin-templeton-lifts-ukrain...

Mon, 02/24/2014 - 13:31 | Link to Comment optimator
optimator's picture

Lew has no business in European politics, and neither did Treasury Secretary Morganthau.

Mon, 02/24/2014 - 13:34 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture

tribal politics, on the other hand...

Mon, 02/24/2014 - 13:32 | Link to Comment SmittyinLA
SmittyinLA's picture

Actually this could crater gas prices, cutting off your biggest non-paying customer releases billions of CU feet of gas to be sold elsewhere, like  JAPAN 

No Ukraine alliance also means no more Ukraine gas leeches. 

force majeure bitches 

Mon, 02/24/2014 - 13:52 | Link to Comment disabledvet
disabledvet's picture

exactly.

Putin knew something was up (there was a news report of him cozying up to Japan just prior to the Olympics) but...in my view...he has a total dope for a Foreign Minister.

I mean "your man in Kiev has to flee via Russian Naval Vessel"?
In any case...this is a rare lending opportunity indeed.
This debt has massive yields...but this country has huge dollar cash reserves too.

Not a good time to be a Russian Banker that's fer sure...let alone a German one.
Japan on the other hand might have just been handed the greatest gift ever.

In the meantime "China's Premier shows in Germany looking for as much detail as he can get on Plan Ost."

I mean you really can't make this stuff up.

Mon, 02/24/2014 - 13:33 | Link to Comment joego1
joego1's picture

Welcome to Greece! er a I mean Europe!

Mon, 02/24/2014 - 13:45 | Link to Comment agent default
agent default's picture

They can certainly annex Ukraine with debt.  However, they may end up annexing a much smaller Ukraine than they first thought.  In fact they may end up with a uselessly broken up country that will just default on them.

Mon, 02/24/2014 - 16:39 | Link to Comment silvermail
silvermail's picture

units of the Russian forces which formed a steel ring around the Olympic Winter Games that ended in Sochi Sunday were flown and shipped Monday, Feb. 24 to Russian bases at the Ukrainian Crimean port of Sevastopol, as Moscow refused to recognize the legitimacy of the new authorities in Kiev.

Giant Russian Air Force transports and rapid deployment forces were placed on alert at the Rostov on-Don base east of the predominantly Russian-speaking southeastern Ukrainian town of Donetsk.

These military movements were accompanied by sharp Russian rhetoric in Moscow’s first direct response to the tumult in Kiev and ouster of the pro-Russian President Viktor Yanukovych, against whom Kiev police Monday issued a warrant for mass murder.

With these comments, the Russian leader laid down a pretext for Russian military intervention in Ukraine. It was Moscow’s response to the warning issued by US National Security Adviser Susan Rice Sunday, Feb. 23, that “it would be a grave mistake for Russia to send military force.”

http://osnetdaily.com/2014/02/breaking-russia-mobilizes-rapid-deployment...

Mon, 02/24/2014 - 13:46 | Link to Comment Quant Jockey
Quant Jockey's picture

I suppose the US will provide the same type of "support" they did for the Iranian Green revolution, right? McCain is all bark, no bite.  Meanwhile, here at home, we continue to lose our own liberties and the MSM goes willingly along.  Nothing to see here, move along.

Mon, 02/24/2014 - 13:47 | Link to Comment Haager
Haager's picture

I am just waiting for new protests to start because of someone not very popular did just grab the cables and sold them behind the back of most of the protestants.

Mon, 02/24/2014 - 13:51 | Link to Comment Youri Carma
Youri Carma's picture

One would expect the IMF to suck the country dry when they get in. I am not sure they will really get the change with so much invested Russian pipelines going trough the Ukraine?

  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/

Mon, 02/24/2014 - 13:54 | Link to Comment disabledvet
disabledvet's picture

railroads, coal, "government debt forever"...this country is set for life.

Mon, 02/24/2014 - 17:48 | Link to Comment negative rates
negative rates's picture

This country is going to pizzas, get yours at your local parlor.

Mon, 02/24/2014 - 15:23 | Link to Comment Youri Carma
Youri Carma's picture

Well here you have it folks!: Ukraine Replaces Central Bank Head

http://www.bloomberg.com/news/print/2014-02-23/ukraine-interim-leader-warns-of-economic-danger.html

Same as Libya, first put in the NWO central bank so nxt up the the gold theft ...

LOlz, you have these wannabe Ukraine fascists Muppets funded by Sorros strutting around in their stolen uniforms having not any idea what they've really unleashed ...

Mon, 02/24/2014 - 13:51 | Link to Comment Johnny Cocknballs
Johnny Cocknballs's picture
The Clinton-Pinchuk connection

of course.

of course...

Do NOT follow this link or you will be banned from the site!