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Russia Hints It May Force Ukraine Into Default, "May Ask Ukraine For Its $20 Billion Share For Ex-Soviet Debt"

Tyler Durden's picture


Rook to G7, check.


Pidgeon playing checkers response time.

This should come as no surprise as we warned of at least $3b in bonds that are due very soon...

the Ukraine owes $3 billion to Russia in bonds that have been issued under UK law. One of the stipulations of the bonds is that if the Ukraine's debt-to-GDP ratio should exceed 60%, the bonds will become immediately callable.


Once the Ukraine gets funding from the IMF,  this is of course going to happen right away – its debt-to-GDP ratio will then most definitely exceed 60%, so the first $3 billion of any aid the Ukraine receives in the form of loans will right away flow into Russia's coffers.


Of course there may be litigation first, but as Greek bondholders have found out, all those who held bonds issued under UK law were actually paid in full, while everybody else had to accept the 'PSI' and could basically go pound sand.


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Mon, 03/17/2014 - 13:10 | 4559301 jaap
jaap's picture

Change of control clause?

Mon, 03/17/2014 - 13:15 | 4559325 The Phu
The Phu's picture

Lately, I've been quite impressed with Putin's gamesmanship around the events that have unfolded in Ukraine.  This one, however, has me scratching my noggin' wondering under what legal concept Russia can force down Soviet debt 21-22 years ex post facto...  Thoughts anyone??

Mon, 03/17/2014 - 13:17 | 4559331 Transformer
Transformer's picture

We now wait for the Pidgeon to respond.

Mon, 03/17/2014 - 13:26 | 4559370 Stoploss
Stoploss's picture

THROW IN THE TOWEL!!!!!!!!!!!!


How many PSI in a pound of sand?

Mon, 03/17/2014 - 13:31 | 4559411 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Russia knows they are never going to pay them back. Forcing them into default really just forces a default onto the western banks. Obammy is still strutting around on the table in his own feces, moron.

Mon, 03/17/2014 - 13:49 | 4559525 Oh regional Indian
Oh regional Indian's picture

Rook to G8, brilliant!!!

Mon, 03/17/2014 - 13:57 | 4559571 TruthInSunshine
TruthInSunshine's picture

In Putin's Russia, outstanding debt compounds YOU.

Mon, 03/17/2014 - 14:00 | 4559596 aVileRat
aVileRat's picture

Can't collect on a Treasury you do not accept the existence of.

Of course, if you have no intention of collecting on the debt, but want to invade a country, then go nuts.


Mon, 03/17/2014 - 14:09 | 4559653 Manthong
Manthong's picture

Don’t bring  a personal feces covered checker disc to a chess match.

Mon, 03/17/2014 - 14:24 | 4559742 strannick
strannick's picture

I think that was Russian Rook to G7 not G8

Mon, 03/17/2014 - 14:46 | 4559856 Anusocracy
Anusocracy's picture

President Jemima better learn how to make blintzes for the Boss.,_November_07,_1909,_...

Mon, 03/17/2014 - 15:17 | 4560037 StacksOnStacks
StacksOnStacks's picture

The EU/US don't really plan things out well, do they?  Didn't they know all of this would blow up in their face? Half the world did.

Mon, 03/17/2014 - 14:57 | 4559921 Oh regional Indian
Oh regional Indian's picture


Mon, 03/17/2014 - 13:56 | 4559563 TheGoldMyth
TheGoldMyth's picture

Yes all of "Russia" collectively, including the fine print. I didn't know all the private banks are a western breed though

Mon, 03/17/2014 - 14:21 | 4559725 Stuck on Zero
Stuck on Zero's picture

The proper Ukrainian response would be to bill Russia for $1T to clean up Chernobyl.


Mon, 03/17/2014 - 17:31 | 4560673 schadenfreude
schadenfreude's picture

At least USSR buried the reactor under tons of concrete. What happened at Fukushima?

Mon, 03/17/2014 - 13:19 | 4559349 TheLooza
TheLooza's picture

The word "Imputiny" begs to be coined....

Mon, 03/17/2014 - 13:22 | 4559374 The Big Ching-aso
The Big Ching-aso's picture

I think this is like squeezing borscht from a turnip.

Mon, 03/17/2014 - 13:23 | 4559360 Ghordius
Ghordius's picture

the legal concept you are looking for is the ancient "Might Makes Right". it has been expounded by every hegemon in history. you'll find exponents of this ancient legal concept both in the Russian Duma as in the US Congress, etc. etc... look it up, it's right next to "Right or Wrong, My Country", "Vae Victis" and "It's All About Money"

Mon, 03/17/2014 - 13:25 | 4559393 TheGoldMyth
TheGoldMyth's picture

I care not who your leaders are, just let me tell them what to do no matter how stupid/etc they look to the untrained observer.

Mon, 03/17/2014 - 13:34 | 4559434 ThirdWorldDude
ThirdWorldDude's picture

That's just plain ignorant of you, Ghordo.

Your legal concept would be based on raw power if Russia was demanding war reparations, but in the case of state succession, there's actually a Vienna convention regulating this.  Ukraine is a signatory of the Convention. 

Mon, 03/17/2014 - 14:10 | 4559659 gmrpeabody
gmrpeabody's picture

Signatures ain't what they used to be...

Mon, 03/17/2014 - 14:17 | 4559696 WMM II
WMM II's picture

"The Convention has not yet entered into force."




unless i am mistaken....



Mon, 03/17/2014 - 15:11 | 4560012 ThirdWorldDude
ThirdWorldDude's picture

You are correct, though it didn't stop former Czechoslovakia and Yugoslavia from applying that same Convention when their respective successor states were bargaining on who gets what. It's a long and tedious process that can at best take 4-5 years to accomplish.

Mon, 03/17/2014 - 13:23 | 4559381 eclectic syncretist
eclectic syncretist's picture

I think this market is a piece of crap mirage build on a foundation of delusions.

Mon, 03/17/2014 - 13:32 | 4559422 williambanzai7
williambanzai7's picture

Find the protocol or treaty originally splitting off the Ukraine from Russia and you will probably find their answer. The Russians probably did not say, we hereby unilaterally release you from your pro rata share of the international debt obligations with no strings attached.

Mon, 03/17/2014 - 13:37 | 4559455 firstdivision
firstdivision's picture

Contract law, its a bitch when you're on the wrong end.

Mon, 03/17/2014 - 13:47 | 4559515 DIgnified
DIgnified's picture


Just a thought.   Ive read that the Civil War was actually caused by souther states not wanting to be put up for collateral to England for money we owed them for improvments on the land captured in the revolutionary war.  Just a theory.  

Mon, 03/17/2014 - 15:22 | 4560062 JoBob
JoBob's picture

Just a theory, but not a very good one.

Mon, 03/17/2014 - 15:01 | 4559948 QQQBall
QQQBall's picture

IMF to the rescue????

Mon, 03/17/2014 - 15:21 | 4560052 kashey
kashey's picture

ZH didn't present the complete picture.
First Ukraine demanded from Russia that it must compensate population's savings having been held in then USSR only/major savings bank Sberbank, which evaporated during hyperinflation before/immediately after collapse of USSR.
So Russia has just responded with reciprocal claim.

Mon, 03/17/2014 - 16:58 | 4560525 chemystical
chemystical's picture

Hey, if 18-yr old Germans can be forced to pay billions/yr in reparations to 'claimed' Hollowhoax survivors in ISR for something that allegedly occured 70 years ago.. then why not?

The meandering territorial lines known as ISR has a govt office that acts as the pay master and spokesperson for all Jew Hoax survivors worldwide.  Just last year the ever-increasing survivors asked for a raise, and Germany said okey dokey.  Nevermind that a few years a go some internal inspectors at that ISR bureaucracy  found something like 15 billion dollars of fraud that was then swept under the table.

I personally am pushing for reparations from Germany, England, American Indians, Columbia, Peru, Mexico, Iran, Iraq, Afghanistan, etc etc.  Of course my PR dept's budget isn't quite so large.  Maybe the US govt can likewise create depts specifically for me within Commerce and Justice.  Maybe 4 dozen govtson 6 continents can be squeezed into creating myhoax museums - particularly those govts that didnt have a fucking thing to do with myhoax.

Mon, 03/17/2014 - 18:23 | 4560867 MeelionDollerBogus
MeelionDollerBogus's picture

with ovens, gigantic body counts & detailed nazi records of the executions it seems preposterous that in 2014 you or anyone else could pretend that is a hoax.

Mon, 03/17/2014 - 21:39 | 4561477 Independent
Independent's picture

I dont know the Jews were always top notch forgerers and they even acknowledged it in Schindler's List when they were faking German documents.  How easy would it be for them to make up some bogus tally sheets of people executed.  The Jewish Mafia has been around probably the longest of any organized crime element in the world.


Tue, 03/18/2014 - 02:29 | 4562054 MeelionDollerBogus
MeelionDollerBogus's picture

You can't "forge" millions of corpses much less magically incarnate all the ovens and gas chambers immediately after the fall of the Nazis, much less forge all the records of the executions made by the Nazis.

What's really sad is to refer to this event as "the" holocaust because it certainly isn't the biggest, wasn't the first, wasn't the last and certainly Jews are not the only victims of holocaust in history. That special pedestal shouldn't exist because making a special history only for one genocide simply disregards the seriousness of all the others.

Mon, 03/17/2014 - 13:11 | 4559302 90's Child
90's Child's picture

Impressive, past few weeks Putin sure has been handling everything like a boss.

Mon, 03/17/2014 - 13:30 | 4559408 krispkritter
krispkritter's picture

 "Hello, Office of the Ukrainian President?"  "Sir, there's a man on the line with a Russian accent and he mentioned kneecaps?"

Mon, 03/17/2014 - 13:38 | 4559461 Crash Overide
Crash Overide's picture

When the US and EU are done with Ukraine they will be begging to join Russia. I feel bad for the citizens, they are the biggest losers in all of this... As an American I can sympathize, our country was taken over and raped a long time ago.

We still have our freedom and guns though right?

It's funny, my family left Poland/Ukraine a long time ago to escape the Germans and Russians and got a different kind of boot on our neck in the USA. These assholes are everywhere, ENOUGH!

Mon, 03/17/2014 - 13:11 | 4559305 JoBob
JoBob's picture

Let the games begin!

Mon, 03/17/2014 - 13:12 | 4559310 yogibear
yogibear's picture

The more countries Russia takes the higher US and European stocks go.

Putin, you have all those countries like Poland, Hungary, Romania, etc to take back that should boost US stocks to record highs. 

Mon, 03/17/2014 - 13:55 | 4559556 hungarianboy
hungarianboy's picture

Yogibear, Please have a look at this map before saying things you just said.


I think Ukraine should give back some of it's territory to the Hungarians! Ohw and some other countries to.

Tue, 03/18/2014 - 11:47 | 4563397 Random
Random's picture

You are indeed smart, i tip my hat to you sir! There is only one small detail that you might have overlooked and if i may I'd like to point it out. The countries of Europe are named after the people that inhabit them. As you have pointed out, the names of the countries are: Poland (inhabited mainly by Poles), Hungary (inhabited mainly by Hungarians) and Romania (inhabited mainly by Romanians). Could you please enlighten us what right Russia has in taking territories belonging (by way of possession, as in 9/10 of the law if you like) to other people? And while at it could you also please explain on what basis can Russia take these countries Back (as a rightful owner as you eloquently put it)?

Mon, 03/17/2014 - 13:12 | 4559311 maskone909
maskone909's picture

So ukraine defaults....
Does russia step in and seize ukraine as a collateral backed asset?

Mon, 03/17/2014 - 13:14 | 4559322 yogibear
yogibear's picture

Wall Street loves it. The US fund managers buy big as Russia takes back more countries.

Mon, 03/17/2014 - 13:17 | 4559339 maskone909
maskone909's picture

Also, couldnt the russians and chinese force the usa into default by simply taking comex delivery?! Are we going to be speaking chinese by 2015? Lmfao this is getting good

Mon, 03/17/2014 - 13:29 | 4559404 Kaiser Sousa
Kaiser Sousa's picture

been working on my mandarin...

"i kno phunk biatch..."

Mon, 03/17/2014 - 13:33 | 4559425 SSN715
SSN715's picture

Not sure if I should be learning Russian or Chinese.

Mon, 03/17/2014 - 13:52 | 4559546 Yttrium Gold Ni...
Yttrium Gold Nitrogen's picture

Do not limit yourself to one or the other. Learn both.

Mon, 03/17/2014 - 13:18 | 4559344 disabledvet
disabledvet's picture

lot more than gas in that country.
Already food supplies in Europe are being disrupted. If the trains grind to a halt then indeed...."Houston, we've got a problem."

Certainly a European problem.
Worth going to War over?
Tens of millions of dead bodies buried in that wasteland.
Wouldn't be the first time.

Mon, 03/17/2014 - 14:22 | 4559727 Confused
Confused's picture

Wasteland? A bit harsh no? 


I wouldn't disagree with you. Seems to be more a European problem, if it were to be a problem for anyone other than the Ukrainians.  And since they seem to have spoken, it looks like no problem at all. Split the country.


But of course, TPTB have an agenda, which will undoubtedly get folks who don't have a dog in that fight into some unpleasant situations. 

Mon, 03/17/2014 - 13:13 | 4559312 fockewulf190
fockewulf190's picture

Watch as the gas pipes start loosing pressure.

Mon, 03/17/2014 - 13:26 | 4559386 SDShack
SDShack's picture

I said a couple of weeks ago that the Kiev coup plotters blew it thinking their siege of only Kiev was all they needed. I said the Kiev coup plotters would soon find themselves on the receiving end of the real siege, and Russia is the expert in siege warfare. Now that the dust has settled, the Kiev coup plotters are getting a dose of reality. Bailout money goes to Russia. No USSA dollars for Ukraine. No EU euros for Ukraine. No NATO muscle for Ukraine. Keep pissing off Vlad, and Kiev will have to refire Chernoybl for heat and electricity.

Mon, 03/17/2014 - 13:40 | 4559472 firstdivision
firstdivision's picture

No need to refire, I'm sure that shit is still hot.

Mon, 03/17/2014 - 14:19 | 4559711 AvoidingTaxation
AvoidingTaxation's picture

Gas will keep flowing. Russia is a reliable partner and European countries are not pressuring Russia at all.

Mon, 03/17/2014 - 14:25 | 4559747 CrashisOptimistic
CrashisOptimistic's picture

This is closer to correct than you know.

Russia has been collecting over $400 billion per year from its enemies for oil and gas.  That is perpetual drainage.  That is relentless inevitable victory.  Why would they want that to change?

They need only retake Ukraine, restore the board to its position of 8 months ago and let the calendar keep draining money from the enemy. 

They have a winning hand.  They don't want the table flipped over.  They want to just grind down their opponents.  So no incentive for military this or that.  Just grind them down.

Mon, 03/17/2014 - 13:13 | 4559313 Kirk2NCC1701
Kirk2NCC1701's picture

Default is such a dirty word.  Why not save them with clean Euros or Dollars?  ;-)

Mon, 03/17/2014 - 13:13 | 4559315 ShrNfr
ShrNfr's picture

The 3 bn will not be called, of course, if the area around Dometsk and so on is ceded to Russia.

Mon, 03/17/2014 - 13:42 | 4559485 SDShack
SDShack's picture

Coincidentally, I think I remember seeing a property tax assessment for that area showing the value at just around $3B.

Mon, 03/17/2014 - 13:13 | 4559316 Dr. Engali
Dr. Engali's picture

No matter what happens it will not be a triggering event.

Mon, 03/17/2014 - 13:25 | 4559392 cossack55
cossack55's picture

You think? And who runs the ISDA?  LMFAO long time.

Mon, 03/17/2014 - 13:35 | 4559443 Urban Redneck
Urban Redneck's picture

An uptick and upgrade of banker suicides can overcome that obstacle. 

Mon, 03/17/2014 - 13:14 | 4559320 Ban KKiller
Ban KKiller's picture

Yes, let's talk about the money, who,what,where,when and boy howdy!

What is the role of GS in all of this? Please enlighten me oh time wasters sitting in cubicles. Or not. 

Mon, 03/17/2014 - 13:17 | 4559334 Devotional
Devotional's picture

thank you EU/NATO/US, thank you for another mess. Thank you, ASSHOLES.

Mon, 03/17/2014 - 13:26 | 4559396 cossack55
cossack55's picture

Just doin' what they do best.

Mon, 03/17/2014 - 13:46 | 4559503 Crash Overide
Crash Overide's picture

At this point don't you think it's kind of scripted? Feels like we are unknowing participants in a planet wide reality TV show, a very very  bad one...

Mon, 03/17/2014 - 13:17 | 4559338 abunusaybah
abunusaybah's picture

usa sanctions 7 people russia in returns goes after 7 million people ... love us foreign policy

Mon, 03/17/2014 - 13:25 | 4559378 Winston Churchill
Winston Churchill's picture

Sanctions and blockades are historically Acts of War.

Putin is justified by International law in firing off nukes in respose if he wants.

Two can plan the international law card.


Mon, 03/17/2014 - 14:20 | 4559716 WMM II
WMM II's picture

"Putin is justified by International law in firing off nukes in respose if he wants."


utter and complete nonsense.

no one is justified by whatever to fire off nukes.




Mon, 03/17/2014 - 13:18 | 4559342 Uber Vandal
Uber Vandal's picture

Reminds me of this classic Ice-T song:

You Played Yourself:

Mon, 03/17/2014 - 13:18 | 4559343 PlusTic
PlusTic's picture

Did you expect anything less?  US/EU are broker than a motherfucker on food stamps...

Mon, 03/17/2014 - 13:48 | 4559520 Crash Overide
Crash Overide's picture

So where did that plane full of Ukraine gold land again?

Mon, 03/17/2014 - 14:02 | 4559607 GoinFawr
GoinFawr's picture

On paper, or for delivery?

Mon, 03/17/2014 - 14:51 | 4559889 Waterfallsparkles
Waterfallsparkles's picture

Makes you wonder if it is the missing Mylasian plane.

Mon, 03/17/2014 - 13:19 | 4559351 ...out of space
...out of space's picture

dept to gdp of ukrain is 35% now

the aid from imf must be 42B usd or more that ukrain exceed 60%

Mon, 03/17/2014 - 13:39 | 4559467 SilverIsKing
SilverIsKing's picture

Doesn't Crimea have to take responsibility for some of that debt?

Mon, 03/17/2014 - 13:46 | 4559505 shutdown
shutdown's picture

I think Crimea's paid up in full. 

Mon, 03/17/2014 - 13:52 | 4559535 SilverIsKing
SilverIsKing's picture

Indeed they are but the response from the Ukraine govt should include the fact that a portion of the debt sits with the Crimea region of the country assuming, of course, that a portion of the proceeds of the debt benefitted Crimea.



Mon, 03/17/2014 - 22:32 | 4561651 naughtius maximus
naughtius maximus's picture

The last time the debt to gdp ratio of the USA was around 35% we were suffering through the terrible Reagan/Bush era ultra mega super depression of the 1980s

Mon, 03/17/2014 - 13:21 | 4559357 sodbuster
sodbuster's picture

They may send Boris to collect!

Mon, 03/17/2014 - 13:21 | 4559361 sudzee
sudzee's picture

Loss of Cimea's GDP from Ukrainian GDP just about guarantees default.

Mon, 03/17/2014 - 13:21 | 4559362 agstacks
agstacks's picture

So we'll just have to up Ukraine's bailout package to 23 billion. Easy peasy.

Mon, 03/17/2014 - 13:23 | 4559383 Soul Glow
Soul Glow's picture

Lots of great minds thinking on the Hedge this morning.

Mon, 03/17/2014 - 13:51 | 4559531 Crash Overide
Crash Overide's picture

"So we'll just have to up Ukraine's bailout package to 23 billion. Easy peasy."


That's less than 2 weeks of work for the leprechauns at the FED.

Mon, 03/17/2014 - 13:21 | 4559363 1stepcloser
1stepcloser's picture

IMF will bailout Ukraine for a pound of flesh..  

Mon, 03/17/2014 - 13:22 | 4559373 Soul Glow
Soul Glow's picture


Mon, 03/17/2014 - 13:24 | 4559388 1stepcloser
1stepcloser's picture

Welp that did it... see you at our IRS audit soul glow...

Mon, 03/17/2014 - 13:22 | 4559367 Soul Glow
Soul Glow's picture

If Ukraine defaults the IMF would bail them out, further destabolizing the New York/London financial system.

Mon, 03/17/2014 - 15:58 | 4560273 Haager
Haager's picture

I like destabolizing here, a new word for diabolic destabilizing?

Mon, 03/17/2014 - 13:23 | 4559382 yogibear
yogibear's picture

Putin taking over Ukraine should boost US stocks big again.

If Putin takes over the rest of Europe good for more double digit stock market gains.


Mon, 03/17/2014 - 13:31 | 4559409 Soul Glow
Soul Glow's picture

If and only if it is caused by hyperinflation of the dollar and euro and yen.  

I say look for a mix of volitility in the markets and also volacity in currency.  This could have stocks move higher.  This will have oil and gold move higher, as the East diversifies out of Western assets, only to have the central banks use freshly issued debt/cash to buy the assets back with.

This cycle is highly inflationary, so if you wish, go ahead, buy stocks.  You may make some cash just like all the bankers skimming the system.

Mon, 03/17/2014 - 13:24 | 4559385 Tenshin Headache
Tenshin Headache's picture

In other news, I may ask my ex-wife for the house back.

Mon, 03/17/2014 - 15:46 | 4560205 Mentaliusanything
Mentaliusanything's picture

Or... you could ask her to come back. Its a win win ... no

NO. She has to up keep it, you on the other hand have OPTIONS!

This coucilling shit is so easy a Russian President could do it.

see what I did there

Mon, 03/17/2014 - 13:25 | 4559389 Kaiser Sousa
Kaiser Sousa's picture

well since the sociopath MoneyChangers have once again put Silver on sale i might as well go out and get some mo' oz's today...

fucking Morons....


Mon, 03/17/2014 - 13:41 | 4559483 Billy Sol Estes
Billy Sol Estes's picture

I'm not. Precious metals are a fools investment in this day and age.

Mon, 03/17/2014 - 14:02 | 4559610 fijisailor
fijisailor's picture

I gave you an upvote because it's obvious that silver would be useless for you in any situation.

Mon, 03/17/2014 - 14:13 | 4559674 agstacks
agstacks's picture

Sorry you bought at $49 dude..We didn't all go full retard.

Mon, 03/17/2014 - 18:07 | 4560827 MeelionDollerBogus
MeelionDollerBogus's picture

compared to what? Paper? Bonds? Empty promises?

Oh, how about solar panels?

Are you on glue?

Mon, 03/17/2014 - 22:34 | 4561663 naughtius maximus
naughtius maximus's picture

Large Crystaline graphite: The most valuable technology never made (yet)

Mon, 03/17/2014 - 13:30 | 4559407 monger
monger's picture

Russia bishop f1 to Obama's b5. Checkmate estimated in five moves.

Mon, 03/17/2014 - 13:34 | 4559428 tony bonn
tony bonn's picture

the pidgeon is trying to figure out if he is black or red...then he will make his move which i hope is back into the water closet.

Mon, 03/17/2014 - 13:34 | 4559431 10mm
10mm's picture

Fuck you, pay me.

Mon, 03/17/2014 - 13:55 | 4559558 Rock On Roger
Rock On Roger's picture

Pay me Pay me

Pay me my money down

Pay me or go to jail

Pay me my money down.


Stack On

Mon, 03/17/2014 - 13:35 | 4559438 JR
JR's picture

It’s not fair to ask for your money back even if Ukraine's debt-to-GDP ratio should exceed 60%, is it?  After what Ukraine has said about Russia, shouldn’t Russia be nicer to Ukraine? Sarc/on

Mon, 03/17/2014 - 13:40 | 4559477 GoinFawr
GoinFawr's picture

"And the animals I've trapped have all become my pets." K.Cobain

Mon, 03/17/2014 - 13:43 | 4559488 Bobportlandor
Bobportlandor's picture

Crimea is 26000 square kilometers / 6,424,740 acres.

At $10,000 an acre that's 64 billion Russia owes Ukraine minus 3 billion for a net total of 61 billion.

Yearly Interest @ 3% = 1.8 Billion

How would you like to pay?

Mon, 03/17/2014 - 13:56 | 4559566 IridiumRebel
IridiumRebel's picture

Not legal or plausible. Crimea voted. It's not their fault a sadistic Neo Nazi coup was foisted upon them.

Mon, 03/17/2014 - 15:04 | 4559944 Volkodav
Volkodav's picture

ignorant post..

Our houses village Orlinoe, never papered to Kiev govt, or the takeover criminals...though they had illusion to control all property...

Russia will now protect.

You pulled $10,000 number from ass?

You know nothing about this subject..


Mon, 03/17/2014 - 13:45 | 4559501 john milton
john milton's picture

knock, knock
    who's there
the man from the golf course
    reggie too
    so, Putin buahhahahaha click

Mon, 03/17/2014 - 13:46 | 4559506 fijisailor
fijisailor's picture

This is a clear message from Russia to the world that their enemy is not the EU or the US but the real enemy, the IMF and the World Bank

Mon, 03/17/2014 - 13:51 | 4559533 Confundido
Confundido's picture

If they really care, the US/EU should have troops stationed at the border with Russia, inside Ukraine, in the next 24hours. Otherwise, the Russians will seize land with the excuse of no repayment. Has everyone already forgotten about the French occupation of Alsace-Lorraine after WWI?

Mon, 03/17/2014 - 14:04 | 4559617 Lin S
Lin S's picture


Mon, 03/17/2014 - 13:54 | 4559553 pot_and_kettle
pot_and_kettle's picture

Hey Barry...

Vlad's winning

Mon, 03/17/2014 - 17:59 | 4560798 SmittyinLA
SmittyinLA's picture

Hey Pot and Kettle, So is Obama, unfortunately Obama is not on our team, he's the opposition, losing on purpose for fun and profit and votes.

Mon, 03/17/2014 - 14:14 | 4559679 Fix It Again Timmy
Fix It Again Timmy's picture

Ex-KGB vs. community organizer [hosts potluck dinners]...Oh me, Oh my...

Mon, 03/17/2014 - 14:23 | 4559737 agstacks
agstacks's picture

The MSM this morning had a peice on Crimea and left it at, "The EU and the West deem the vote illegitimate and will not recognize it." The remaining three minutes of the piece was talking about how Russia needs to "stop getting entagled in the Ukraine's affairs."  I just about spat out my coffee.  Russia is getting entagled?  Did they hear the call where we were setting up the new puppet overnment before Yanukovych was ousted? Nothing backing up their claim on why the vote was illegimate.


Can anyone help me understand the logic of why the Crimea's referendum is not valid?  And I'm not interested in the real answer which I suspect I know- I want to know what the mouthpiece explantation is for it being illegitimate. 

I really don't know enough about this, but from my point of view it looks like- if you throw rocks, occupy government buildings and set the place on fire it is legitimate.  If you hold a referendum and go through political processes, that is illegitimate?  I must be missing something.

Mon, 03/17/2014 - 14:24 | 4559740 Waterfallsparkles
Waterfallsparkles's picture

Not a good idea for any County to play Russian Roulet with Putin.

Mon, 03/17/2014 - 14:32 | 4559765 Waterfallsparkles
Waterfallsparkles's picture

There are many that think that the US and the UK were disrupting the Ukraine Government during the Olympics in Russia.  Now we want to sanction them for fighing back to protect their Borders and their Gas Pipelines.  What would the Us do if Russia did the same to us?

Mon, 03/17/2014 - 17:56 | 4560787 SmittyinLA
SmittyinLA's picture

 What would the Us do if Russia did the same to us?


The US immigration policy is old Soviet cold war policy, the absolute WORST thing we can do to Russia is enforce US immigration law, deport 30 million illegal aliens and lose their food, fuel, and healthcare liability. 

In one fell swoop the US would instantly become a net food and fuel exporter with waay less Socialist drag. 

Mon, 03/17/2014 - 15:00 | 4559900 Debugas
Debugas's picture

lets clarify things here - Russia did take over USSR's debts and in exchange for that Russia got all USSR's properties abroad (outside the former USSR territories). USSR repubics (Ukraine among them) had to ratify this agreement but apparently Ukraine failed to do so.

Now when Russia repaid USSR debts the Ukranians want the former USSR properties back

So Putin's responce is very logical - if you want those properties then please share the debts repayment as well

Mon, 03/17/2014 - 15:00 | 4559941 FreeNewEnergy
FreeNewEnergy's picture

Well, all this is good politics, but Barry wants to know why Louisville is a 4 seed.

Mon, 03/17/2014 - 18:02 | 4560812 MeelionDollerBogus
MeelionDollerBogus's picture

Mafiawars Ukraine: Crimea River edition
only 3 billion? Now 20? LOL

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