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Ukraine To Issue "Military" Bonds To "Increase Combat Readiness Of Armed Forces"
When it comes to funding itself, US guarantee or no US guarantee, troubled Ukraine which by most accounts is on the verge if not already embroiled in a civil war, appears unable to gain much traction. Some headlines from today confirming this:
- UKRAINE FAILS TO SELL 3-MONTH USD NOTES AT AUCTION
- UKRAINE FAILS TO SELL 9-MONTH UAH NOTES AT AUCTION: MINISTRY
So what is the desperate for cash nation to do? Why pull a page straight out of Uncle Sam's war playbook: play to people's patriotism and issue "military" bonds, of course. Interfax reports that the Ukrainian Finance Ministry is to make issues of two-year government "military" bonds with worth 1.1 billion hryvni at an annual interest rate of 7%.
In other words, Uncle Sergey Want You To Buy Bonds!
According to government resolutions published on Tuesday, the first issue is non-documentary government bonds with a face value of 1 billion hryvni. The second one is documentary treasury bonds with a face value of 100 milion hryvni.
The yield on the bonds issued at a face value of 1,000 hryvni will be paid every six months. Unless, of course, Ukraine pulls a Movie Gallery and between its payments to Gazprom, and paying its military to avoid some unhappy soldiers, defaults before even the first payment is made.
More:
The National Savings Bank has been chosen to act as a general agent for allocating and servicing the circulation and redemption of the treasury bonds and will receive 0.5% from the par value of the sold securities. To maintain liquidity, it is allowed to buy back the treasury bonds at a price not below their par value.
"Such a proposal is an appeal to the community to unite in their efforts, wishes and intention to join the process of resolving national problems and providing financial help to national armed forces in order to increase their combat readiness and boost the country's defensive capabilities," the Finance Ministry said in its earlier announcement of the "military" bonds.
The next question: will these bonds be subject to locate, and which repo desk will have them in inventory as soon as possible, so the less patriotic elements can short the Ukraine "military" effort against Russia?
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Jay Carney wants his poster back.
had to sign in to give you a thumbs up.
Google Translate anyone???
I think it says something like "Did you set the factory behind me on fire?"
I guess Brennan wasn't accompanied by the usual skids of Fedbucks to help out the locals like in Iraq.
Also something about "fools and their money" come to mind here...
These Military Bonds are even better-er than the Referendum. Let’s see how many hundreds of hryvnas (sp?) they will collect…
Looney
7%? Where can I buy?
The geniuses running calPERS will buy the whole issuance!*
*Even if the 7% yield doesn't quite meet their projected PER ANNUM 8.5% return in AUM over the next 30 years that they'll need to satisfy their future demands/claims. LMFAO!!!
Hey! Where have I seen that poster before? Yes, it was in Jay Carney's house.
Probably just photo shopped in for propaganda purposes though ;-)
J G Cabbagewotthskiotszki
"Bath House Wants You."
'Have you joined the military?' I think is what it says.
it says hey kid.
be a smarty cum and join the nazi party.
and in the small print soldiers please provide your own footware
Google Translate anyone???
Ask your local Council of People's Commissars.
These Ukrainian bonds will compliment the Azerbaijani bonds currently in my portfolio.
Snap 'em up boyz...they're goin' fast!
The Azeris have oil. Those bonds thus have collateral.
Yea, it says bend over
="Have you volunteered?"
I've always said...you can't have too many Hryvni's tucked under the mattress. Staying liquid is important to me.
LOL Putin has to do nothing except watch this coup run out of funds. Can't fight a war without money for gas is the same as running out of gas. Funds are also needed in other sectors of economy, pensions, salaries, health care, etc. This is a county in a financial free fall, and it may be coming to other Euro countries and maybe even the USA real soon. Wrap your mind around this, thera are 54 million needy people in that country, and they can become a rather unruly mob if they haven't eaten in a few days. Still hoping Yatz gets hung like Mussolini.
Actually it's been all downhill since the wheels came off the U.S.S.R for the Ukraine.
Used to be around 52 million but with everyone leaving for Western Europe or drinking themselves to death and all it's only around 45 million now.
http://2.bp.blogspot.com/-yd5bVmTC33Q/T0faPr7M2ZI/AAAAAAAATBw/N65yTwiVXa...
Wow, 7% more Hryvni; can't spell it or pronounce it. The mind boggles. I better get my bid in quick; imagine being rich in Hryvni; or whatever.
7% interest on something that will be worthless in six months is not worth buying.
People buy treasuries at 2.5%. Everyone has a fetish.
2 years at 7% fully backed by NATOs might.....Waaaaaaaaa LOL!!!
This might be full-retard, but it's hard to tell with all the other mostly-retarded shit that's going on.
No, the Fed stepping in and buying the full issue, that would be full retard. Although now that I'm thinking about it....
Agree. We 'taint seen 'nuffin yet.
Taking full retard to 11?
To infinite retard, and beyond?
Went to a 'diverse' WalMart a few days ago and contemplated wearing my plate carrier just for the hell of it as I had it in the vehicle.
Probably be standard wear, like sneakers, within 2 years.
How do you spell Myra in Ukrainian ?
KAL
It's the novelty, bro.
I fucking don't understand our tax system and I still pay in. These look cool.
Its a collectors item...like Batista Bonds
I'm in like Flint! But only if I can buy them with my bitcoins.
I wouldn't surprise me if it came out the Lew, Yellen and/or Obama told Wall Street to buy these things in return for the Fed handing out all that free money to them.
Not to worry... these high yielding bonds will all be snatched up by the bright shiny new MyRA account you are about to be forced to sign up for.
Ya Think ?
Why the fuck not. If Greece is out selling bonds anyone can.
This just further polarizes Ukraine. Think about who, in county, would buy this shit.
John Brennan, under an assumed name of course Carlos danger-Bernanke...
"Carlos danger-Bernanke"
HAHAHAH! That's some funny shit right there.
And Carlos would be from the west side!
Greece doesn't have a bunch of T-90 tanks sitting on its border, just saying.
They don't need them. They can fuck tings up all by themselves.
Denote them in rubles!
pods
Whether they want them or not.......
Love the poster.
YOU!
SIGNED UP
VOLUNTARILY!
Yeah, I might buy if they throw in the poster.
Sounds legit...
I'll take one. Can I have a large fry and a Coke with that as well? Thanks.
Where did Ukraine place the $1B of bonds that the US has guaranteed?
Who is the Ukrainian/American crony who was blessed with a high interest rate but receives the American guarantee of low risk?
It's Gas bill is what i heard reported. A downpayment to prevent an immidiate shut down, though that may be in doubt now too.
Are they approved for MyRA accounts?
Here's a thought.
Obama: "And to bolster the MyRA, we will be adding the bonds of any country that we are trying to subvert. Guaranteed with no risk."
"A Social Security check often isn’t enough on its own." So give us more of your wealth to piss away. LOL
Buy War Bonds!
https://www.youtube.com/watch?v=_TUPUbvO0eU
And then when it's all rubble and smoke, buy Victory Bonds!
https://www.youtube.com/watch?v=a0_0ibStXGA
No Money .. No War.
That is of course unless you know an unscrupulous Bankster than will finance you.
In the old days. if the King didn't have Gold, he couldn't start wars ... until the Banksters came onto the scene of course.
"No money . . . No war."
That's the old normal.
Money can always be created by whim.
The new normal is :
No oil. No war.
Sounds like our own broke-ass province -Ontario- and this "Green-bond" foolishness. Too funny! Some things never change, eh? Complacent, lazy citizens elect spineless, corrupt politicians buried deep in the pockets of behind-the-scenes bankster criminals
Should my Provincve annex N. Ontario? We want Rat Portage back. Then we just have to deal with those idiots who cut the corner in NE Minnesota.
Can't they just sell their gold ?
1.1 billion hryvni, how much is that?
I don't know but you'll get a hryvnia trying to lift it.
1.1 billion hryvni, how much is that?
About $6.50 by the time they mature.
Bonds = Slavery
Yeah that should work well!
Shouldn' the guy on the poster have a Swastika on his hat and an SS arm band or is it "The Star of David"?
Didn't the lads in Langley have a page about this in their playbook?
The CIA,and MI5,and the French and the Germans have all done this so many times,in so many countries,causing so much death,that to now point the finger at the Russians seems extraordinary.Be careful what you wish for.
NB: Didn't they have a plan B or worst case scenario?
I feel like I am watching a rerun of the Bay of Pigs invasion.
Next up: Tonkin Gulf incident anyone?
I feel like I am watching a rerun of the Bay of Pigs invasion.
Next up: Tonkin Gulf incident anyone?
Don't kid yourself. At the rate the United States Government and NATO are taking this you will be wishing you could step back into the "time machine" to 1961 and 1964.
soros
says
you poor folk
buy
bonds
for bombs now
Hey, if they are hard up, they could sell their national gold.
Oh, wait.....
Where is the GOLD?
Where is the GOLD?
Where is the GOLD?
Where is the GOLD?
Good sign is that they do not call them war bonds (yet).
But if they sell enough military bonds they will be converted to war bonds.
Higher risk, higher yield.
The return OF your money, not the return ON your money.
golds gone
just gone.
but that is not important freedom to be married in church before or after your gender reassignment.
freedom to adopt kids like elton john.
freedom to get your hands on babies that that is freedom we at the bbc can believe in.
Greece has a bunch of hi-tech military stuff sitting around rusting which their Grandkids will continue paying for,German Subs etc.
Funny how weapons came with their own financing....
Now can we see the swords into plowshares bit?
Thank God there are no nukes laying around in the Ukraine.....
Now there's an investment that you can literally watch go up in smoke. It's better to buy shares of Russian scrap metal dealers, or whoever makes highway guard rails because that's where most of those Ukrainian APCs are going to end up.
War at any cost. Negotiation is for the weak. Oh wait...
in other news zebra dick stock worth 3 billion bougtht a company worth 3.5 billion by borrowing 3.3 billion and paying 200 million cash. zebra dick stock is a company that sells intelligent printing software and solutions.
meanwhile an entire national government of 40m people cannot raise 100million worth of usd at 7%.
interesting times.....
Don't buy bonds!
Is the U.S.T. going to guarantee these bonds along with the Gazprom payments--caugh-caugh loan guarantees? They can collaterialize/hypothecate them with MyIRAs.
To make sure that you will get something for your money - these bonds are printed on the highest grade and plushest toilet paper... No, they won't be TOTALLY worthless....
Give Godfather Draghi his 0.5% and the market will over subscribe any junk bond by eight fold.
They need some ads where Obama and McCain each buy $10,000 dollars worth to show US support.
Eventually the bonds will become collectors items. My $500 Confederate bond, probably purchased with gold, is currently worth about 500 Federal Reserve dollars. Woo Hoo!
"the women? how much do you want for zee women? all of them. your wife, your daughter. How much?"
(shit, I forgot, go to Istanbul or London, they have already been sold)