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Ukraine Enters Hyperinflation: Currency Trading Halted, "Soon We Will Walk Around With Suitcases For Cash"
Yesterday we summarized the most recent economic, political and social situation in Ukraine as follows:
"A year or so on from the last coup in Ukraine, Ukraine’s former Prime Minister Sergey Arbuzov told TASS, with growing popular discontent, "another state coup can’t be ruled out in Ukraine." As the cease-fire deal hangs torn and tattered in the Debaltseve winds, the nation is a mess: a new gas dispute looms as Gazprom demands upfront payments; capital controls have been tightened as the $17.5bn IMF loan may not be enough; and the central bank governor faces prosecution as the economy craters. All of these factors have driven massive outflows from Ukraine and the Hryvnia has crashed to over 33 to the USD - a record high (and 70% devaluation from the last coup)."
So as the Ukraine government watches its country go down in flames, with the blessings of the US State Department of course, it decided to take action. According to Reuters, with the hryvnia in free fall (see above) the central bank tried to call a halt on Wednesday by banning banks from buying foreign currency on behalf of their clients for the rest of this week.
Although banks could still trade with each other, by mid-morning there were no registered trades at any rate, leaving the currency in limbo. The previous day, the central bank rate based on reported trades had fallen 11 percent against the dollar.
Exchange kiosks on the streets in Kiev were selling limited amounts of dollars for 39 hryvnias, around 20 percent worse than the rates advertised in the windows of commercial banks where dollars were not available. This compares to the official rate of 33 USDUAH posted yesterday, a rate which will continue in freefall, now that the central bank has no more gold left to sell (it's mysteriously gone), and virtually no foreign reserves.
Following the closing of the FX market closing, the central bank has been able to artificially dictate the interbank rate, which it reduced from 32 to 24 hryvnias as of 12:45 p.m. local time. The artificial rate only affects exporters, who are forced to sell 75 percent of their foreign currency revenue to the National Bank at the rate.
Even the Ukraine government is shocked by what is going on: "I learned this morning on the Internet that the National Bank of Ukraine has, as usual on its own without any sort of consultations, made the decision to close the interbank currency market, which will absolutely not add to the stability of the national currency that the national bank is responsible for. This situation has a very complex and negative influence on the country's economy," Ukrainian Prime Minister Arseniy Yatsenyuk said.
The Ukrainian National Bank chairwoman Valeriya Hontareva, however, contradicted the Prime Minister's statement. "We coordinate all administrative measures with the International Monetary Fund first, and only then implement them," Hontareva told reporters.
In short: total chaos, which is indicative of any country's collapse into the hyperinflationary abyss.
It gets better. According to RIA, on Tuesday, Ukrainian television channel Ukraina announced that with the new exchange rate, the minimum wage in Ukraine stands at around $42.90 per month, which according to the channel, is lower than in Ghana or Zambia. There are currently no plans to raise the minimum wage until December.
Behold hyperinflation: "Food prices among producers rose 57.1 percent, with the price for grains and vegetables rising 91 percent from January 2014 to January 2015, while the official inflation rate over the period totaled 28.5 percent. Meanwhile, Ukrainian consumers responded to economic difficulties by cutting their spending in hryvnias by 22.6 percent, which amounts to an almost 40 percent decrease in real consumption."
And the punchline: "A construction worker exchanging dollars at a kiosk in a grocery shop in return for a bag filled with thousands of hryvnia, laughed and told shoppers: "Soon we will have to walk around with suitcases for cash, like in the 1990s.""
Which is ironic, because the central banks of "developed world" nations, most of which are now facing over 300% debt to consolidated GDP, would define Ukraine's imminent hyperinflation with just one word: "success."
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Tampons and toilet paper are about to become a solid and valuable trading currency in Ukraine
With the expectant ' river of Right Sector blood ' forecast for Kiev, Big Fluffy Towels are the new luxury item.
Soak it up MotherFuckers!
Suck it, "the Ukraine"!!!
Just like "The" Ohio State University.
Victoria Nuland distracts Ukrainians with cookies while trucks loaded with gold make their way to the airport.
http://www.cindysbeentrippin.com/wp-content/uploads/2014/03/victoria-nul...
She looks like Trouble (with a capital T)
The only hopeful development is what I've been hearing about the resistance of the Ukrainian natives being recruited to fight. They are resisting the draft. Few of them want this fighting. Which shows that no matter what you hear in the USA media, the reality is that the Ukrainian citizens are not represented by their government, which I guess in this case is the US through the Ukrainian puppet setup. The citizens of the Ukraine next should go on a letter writing campaign using US phone books, and just send letters to total strangers in the US, saying they don't want the war in the Ukraine, and can we come and live at your house while you send your sons and daughters to the Ukraine to fight the war for us? Maybe that will get some attention in the Canadian press, at least?
Postage to the U.S. is now about a week's worth of wages in UAH. They can't afford to send letters to random U.S. citizens, and the NSA would have any that did make it shredded before they ever left the USPS sorting stations.
We can add Ukraine to the list of countries such as Iraq which have been left broken following "western (ie. American and few other lickspittles nations) intervention"
Unfortunately it will be the ordinary Ukrainian citizen who will end up bearing the cost of this "benevolent" intervention.
. . . "Ukraine Enters Hyperinflation"
HA! Take that, Putin! Hahahahha!
Bullish on Samsonite! BUY BUY!
Look on the bright side Ukies - you now will not have to buy wallpaper nor toilet paper and you can heat your house, also... courtesy of the US State Dept. which continues on its march of astounding success stories.....
?? But zerohedge... theHryvnia rallied 16% today. Currently at 28
http://www.bloomberg.com/quote/USDUAH:CUR/chart
and it was 13 just 3 months ago...
and their stock market will go soaring! BUY BUY BUY
http://www.ux.ua/en/#
yes buy buy buy it all!
http://sputniknews.com/europe/20150225/1018734791.html
Italian actress Ornella Muti was sentenced to a hefty fine and eight months in jail for skipping a theater performance to dine with Russian President Vladimir Putin at a charity event on December 10, 2010.
are you scared yet?
Rumors that the Obama government just bought $1bln worth of body bags (300 mln bags). FEMA alone ordered 14mil body bags.
The article states fine or eight months in jail.
Please post truthfully.
Very tedious to wade through the inane and waste vulgar comments here as it is.
Speaking for those that come to ZH for information clear of various nonsense
FEMA doesn't call them 'Body Bags' anymore.
They are 'FEMA All-Climate Portable Housing Facilities' suitable for any North American internment camp.
Put out or get out slut, this is fight club. Links.....
Like there are 300 million body bags in inventories?
Or an order for 300 million would not be known about and take months or years to fill?
We are F*cked in the US considering its a felony to walk around with more than $10k in cash. Confiscation at a minumum.
You only carry cash in the US to pay cops a bonus
Its a delicate 10 seconds between "thats for you" and "we are taking it"
I for one don't like giving cash to the cops. You just don't know what they'll spend it on. That's why I carry Dunkin Donuts gift cards.
$10k is obviously proof of a crime. I mean, how else could a person get that kind of cash?
Work for it? Puleezze.
Yes but the hyrvnia is only 3 years older than the Euro, viz.
The hryvnia replaced the karbovanets during the period 2–16 September 1996, at a rate of 1 hryvnia = 100,000 karbovantsiv. The karbovanets was subject to hyperinflation in the early 1990s following the collapse of the USSR. Wikipedia
Priniting presses don't run themselves. Hyperinflation is a willful act by the politicos, and shutting down foreign exchange is an attempt to force their ever-more-worthless paper down the citzenry's throats. Next checkoff on the list is a political collapse. Another U.S. State Department success story, yay.
Way to go US. Another fucked up country/notch to add to your gun.
Meanwhile.: Anti-government protest in downtown Kiev escalates.
People misunderstand US policy, though more and more are getting wise to it. You hear a lot of talk about US "failure" in Iraq, Afghanistan, Libya, Ukraine, Syria, etc. Military intervention that only destroys civil society, the very worst elements of the society coming to power and wrecking and looting everything, complete collapse of economic and social structures, random chaotic bloodletting. Yes, it certainly looks like "failure."
Then why does the US keep doing exactly the same thing, over and over? Even the dumbest people don't repeat their mistakes so frequently. And the people making policy in the US are far from stupid.
It's because this isn't failure. This is success. This is the intended result. When Gazprom finally does shut off gas supply through Ukraine, that will be an even-greater success, particularly if it happens soon enough, while winter is still going on, so that EU nations shiver in the dark.
The "best and the brightest" making US policy knows we can use our military to destroy civil society in various handpicked nations, but our military isn't really designed to win a war. It's designed to be able to project power to any place in the world we want it, and we're the only country on Earth that can do that. So, we have created a ring of dumpster fires around the perimeter of every potential rival to US global dominance; Russia, China, and the EU. Those dunpster fire "failed states" sit on top of resources, or astride the paths to get those resources to market. We have a boot on the throat of Europe's access to energy. We arm the very worst of the worst, who can't surrender or compromise because nobody would capture or negotiate with somebody who eats a man's heart on video. The plan is to make Russia and China spend their energy stomping out flaming bags of dogshit on every one of their porches.
What looks like half-assed policy is intentional. The collapse of Ukraine's economy will make Ukraine ungovernable, which gives the most-desperate, best-armed and cruelest the advantage. Watch Nazi death squads destroy everything left in Ukraine, while a flood of refugees burdens every country in the region.
Next watch for "Muslim Extremism" in the -Stan countries, and maybe trouble with the Uighurs. Not to build anything. To destroy. To "win" by knocking off any competitors, not by what one does oneself. We're not exempt here in the US, either. Note the careful way anyone making a living by working and getting paid is made into a target; while neo-feudal rent-collectors are held up as idols and "job creators" deserving of even more tax cuts. The best way to dominate a society is to pit the nearly impoverished against the truly impoverished. The nearly-impoverished will be ferocious out of fear they are downwardly mobile. Hence the attempts to paint people working multiple jobs at starvation wages as "greedy," while pitting them against those who don't work at all, but sit home and collect enough money to remain in poverty.
Then there are the security-theatre rehearsals, like at the Mall of America this past Sunday. What was that in aid of? To condition people to seeing storm troopers while they shop, and then to rehearse said storm troopers for when they are used against their fellow Americans. They'll do it too; they're afraid of being impoverished themselves.
As soon as the Elites get tired of getting rich by cheating at the abstract game of Finance, and the winnings don't mean what they used to mean, they'll quite screwing around with abstractions and fiat notions and go for the real power of real things. That's when they collapse the financial structures, probably on a Friday afternoon (2nd Friday of the month, I'm guessing, so the FSA has their monthly dole and is docile for a few weeks), and the weekend can be used to reset the financial structure. The ATM's won't work and the bank lobbies won't open, but automatic payments will still be deducted.
The chickens always come home to roost, no matter how far they've roved and what they've done in everyone else's yard.
Thanks for the post. I read every word.
"Then why does the US keep doing exactly the same thing, over and over? Even the dumbest people don't repeat their mistakes so frequently. And the people making policy in the US are far from stupid."
I guess you are NOT a student of history. I suppose that statement also applies to the 1%, as they apparently have never heard of the French Revolution. Personally, I look forward to discovering what roasted banker tastes like. Not like chicken I'll wager.
Actually, I read a lot of history. I said what look like failures are the intended outcome of the policy. The strategy is to win by pulling everyone else down. I didn't say it would ultimately work.
The problem for the aristocracy in the French Revolution wan't that they were so stupid, it was that by the time there was a crisis, they had already made most of their options impossible. I suppose that's stupidity in the long-term sense, but when you truly believe God put you on Earth to live in unfathomable luxury off everyone else's labor, you set up your priorities differently and act accordingly. By the time you realize you're going to have to cut a deal with the torches and pitchforks crowd regardless of everything you've been taught, you've already eliminated pretty much all middle ground.
It starts out simply enough; you can't compromise on your dominance because God put you on Earth to dominate, and the peasants on Earth to serve your every whim. Eventually you can't extract any more from your peasants, but your darling mistress still needs those delicious Abyssinian Weasel's Noses or no num-nums for you. So you borrow to get the little princess what she wants. Then you have to pay it back. You can't extract it from your peasants, so you'll have to go to war. Who's going to do the fighiting? Not pretty you. Your peasants will, out of the deep loyalty and awe they have for your personage. And so on and so on. Eventually, you're out of options. You're going to have to fight to the death, which is a bad deal because there's a lot more peasants than there are yous. Stupicity factors in there somewhere, but you're as well-educated as is possible in your time and place, and everyone you know thinks like you.
The 1% know their French Revolution alright. They just think they'll avoid it by getting the masses all terrified about "terror," used to seeing stormtroopers when they go shopping, and by making it easier to watch Dancing With the Stars and Kim Kardashian's butt-selfies than doing anything about it. The 1% know that's a temporary state of affairs, which is why they're militarizing the constabulary, legalizing all manner of repressive measures, and preparing for a pre-emptive strike before the natives get too restless.
I'm not sure that will work either, but that's what they're doing.
enjoyed every word of it even though it's a terribly depressing read
I had, long ago, a discussion about the French Revolution with several scholars arguing that it only happened because the French Lords spent too much time in Versailles and Paris and too little time making sure the boot was "properly" set on the throath of the peasantry. They called "a side effect of too much Absentee Lordship", and argued that the American Revolution was a similar case
Good Heavens. Well, I can sort of follow that line of reasoning, but not very far. What's the use of being an aristocrat if you have to spend all your time keeping the underlings down? I think the problem comes from having aristocrats in the first place, myself.
But then I would say that. My ancestors all left Europe by 1640 because we were utterly incapable of being socialized, and we were barely here in North America before we started getting in trouble. An ancestor of mine was hanged for witchcraft in Salem, MA in 1692 (long story short; if you own the piece of land between your wealthy neighbor and the main road, and won't sell at any price, something bad will happen to you through the systems your neighbor controls). Other ancestors of mine got in trouble with the Quakers in Philadelphia in the 1680s for protesting that the huge amounts of money the Quakers were making in the human slave trade wasn't very...Quaker-like. They went on to be hunted like dogs by Federal troops for their role in the Underground Railroad, some 160 years later.
So I come from a long line of troublemakers who simply won't play ball and do what it takes to get along. It's long been a family aphorism that you always have a choice; even being a slave is a choice. Yes, it's a terrible choice, and you would be killed for choosing the one way. But you might be killed anyway, later, and still, it is a choice. No wonder we didn't take well to subservience to either French or British aristocrats. And we're not terribly keen on the modernized versions we see climbing back up here in the Colonies, either.
"too little time making sure the boot was "properly" set on the throath of the peasantry"
Are you arguing the French revolution was a mainly a revolt by peasants ?
Great stuff, swmnguy. My neighbor, a deputy in northern PA, is a realist. He says "its coming" and the M4's keep being issued. Every cruiser now has a fully automatic weapon and a shotgun. He says he'll be too busy fighting the Highway Patrol (State Police) to worry about the citizens in our small-ish town. Deputys and State Police hate each other here and are constantly trying to fuck each other over in their zany cop ways.
The cops are to project 'force' - but are vastly outnumbered.
If the real shit hits the real fan, troops would have to be mobilized as the local cops (including state police) don't have the numbers to wage an all out fight with all 'little' people.
The inter-agency rivalries us civilians don't know about give me a lot of concern. Thanks for the insight. When we think of the fabric of society unraveling, we mostly think of poor, non-white people coming to our house and taking our stuff. We rarely consider all the other forces being held in balance, or in check, by mutual agreement, and what might happen if those agreements broke down. For instance, I just drove to the hardware store and back. I barely noticed the oncoming traffic, because I knew I would stay on the right-hand side of the stripe, and so would they. I paid so little attention, in fact, I balanced my checkbook in my head while going to pick up some household items and drove back home. What if I suddenly realized there wasn't anything keeping them, or me, on our sides of the road? I don't mean cops and legal consequences; those are instruments of our all-encompassing mutual agreements. I mean, what if we didn't all have it as a common interest to get where we were going unmolested? That's the kind of stuff the Ukrainians are having to deal with, along with all the other beneficiaries of recent US largesse.
Ok! Re-routing my summer vacation travels through northern PA. Thanks for the heads up..................
'stupicity' - love it .
I wish it had been intentional.
"Personally, I look forward to discovering what roasted banker tastes like."
Not me, thanks. Now the thump of their charred, headless corpses under my wheels sounds appealing. (heads must be piked in conspicuous locations)
Them's some ugly chickens.
Next to last para makes the least sense. Not clear that the winnings won't mean enough to keep it all going. Further, they already have all the real power they want or need (they can and do play with each other unendingly about who wins what). The rest is prettty good, though, except it's also not at all clear that we start all these dumpster fires. Fighting to win no longer seems to be part of our playbook and that may indeed be purposeful. Else others with force of their own might become frightened and do irrationally destructive, desperate things. That, of course, interupts and threatens and therefore cannot be allowed.
Thanks, Percy. It's just a theory, based on observation from a very un-privileged seat. Nobody runs their grand schemes past me, the more fools they (I like to think).
I think the key is that money is imaginary in our system, but power and needs are not. If fiat paper means I can't get enough money to buy food, I still need to eat. That's rubber-meets-road time. When all the money in existence won't get me food, that's all out the window, and all that matters to the 1%ers is whether they have made good enough use of their advantages before the crisis, and converted enough of that notional wealth into real assets, and can keep those assets and that power once the money itself is worthless.
I have no idea whether or not that will work. It is not, as you say, clear that the winnings won't mean enough to keep it all going. I'd suggest it's not at all clear that it will, though, either. It does appear to me that that's the plan, however.
"Note the careful way anyone making a living by working and getting paid is made into a target; while neo-feudal rent-collectors are held up as idols and "job creators" deserving of even more tax cuts."
Wow! +10,0000. That was the heaviest thing I have read in some time. Thank you for your entire post.
"The wealthy and powerful did not become wealthy and powerful through ignorance or stupidity. Therefore the deficiencies of the wealthy and powerful can never be adequately explained by ignorance or stupidity."
HTH.
Great post .. good insight .. I would add to find out what Ukraine will look like . or close.. look at what NATO did in the Balkans .. its a conduit for drug and sex trafficking .. Dyncorp and jihadies .. training ground for pissed off young Muslims .. its electricity part of the day .. and rubble that used to be towns and cities... I think you are correct this is being done on purpose. after the NATO .. UN Dyncorp war on the Balkans .. the West moved in .. Madeline Albright .. even Gen. Wesley Clark all made out like bandits with one scheme or another .. its just business boys and girls... http://serbiasos.blogspot.com/2013/09/madeleine-albright-bombing-of-serb...
"Privatizing" Kosovo: The Madeleine Albright WayBravo!!
RUB is the best. You can do lot of RUB things with it! Buy RUB! Go Putin! Go Russia Today! Go TASS! GO Pravda, Rossija24, Sputnik! Daaaaa et pravda dle vseh!!!
TROLLING 101 .
One thing the Ruble is good for is buying stuff in Russia. You see, it's a lot simpler when you're not trying to manage the world's default currency, and financing your own lavish lifestyle from that leverage. Sure, the highs aren't as high, but most of us are only trying to buy stuff in our own countries. So, for that purpose, were I a Russian trying to buy Russian stuff from Russian stores, yes, I would find the Ruble to be the best. Certainly better than the Hryvnia. Actually, I'd rather have Rubles than Hryvnia under any circumstances I can think of; even if I were a Ukrainian trying to buy Ukrainian stuff at Ukranian stores.
Russia's Gazprom said on Tuesday there were serious risks to gas transit to Europe via Ukraine after Kiev failed to pay in advance for supplies as a dispute between the two countries intensified
http://russia-insider.com/en/politics_ukraine_business/2015/02/25/3852
https://en.wikipedia.org/wiki/Russia%E2%80%93Ukraine_gas_disputes
u r right.
This year is the winter quite mild, compared to other years.
the gas storages in EU are quite full. EU will survive, if Ua blocks the delivery to EU, blackmailing EU to pay the Ukrainian bill to RUssia.
A mild winter should trigger an EU economic boom !!
The US has been cold and snowy so.............
Let's tune in to Yellen's testimony!!!!!
They won't miss the payment. They are getting US$17bn loan from IMF.
And that really exposes the fakery of the whole situation. The US controls the IMF, for all intents and purposes. The IMF is going to give money to Ukraine to pay the bill to Russia. I say "give" because anybody expecting this money to be repaid is a silly person. So it's just dandy to pay the Russians with Western money, as long as it tightens the noose around the necks of the Ukrainians, because the only way this debt can be settled is by the wholesale takeover of any Ukrainian assets of interest to the Western finance establishment. They aren't going to take pallets-ful of still-wet newly-printed Hryvnia, I'll wager.
That is what I love about all this crap: IMF, World Bank etc. Any organization who lends to nations or large corps.
If I walked into a bank and said: "I need a loan because I have this big interest payment coming up and I won't have enough to make it and still keep my business running" they would throw me out into the parking lot (after extracting some sort of service charge from me)
But you STILL don't understand. The IMF isn't lending money to a bankrupt entity that has no way to pay. The backers of the IMF US/Israel want Ukraine to be loyal to their political cause... i.e. an enemy on Russia's border. Leverage over the politics and perhaps some state assets are the payback.
Anyone heard how Ukraine's EU-membership application is coming along? Be even funnier for Russia if they were also accepted into NATO.
The prize for the winner here will be something like half a dozen Detroits. No wonder Putin is pushing for a cease-fire.
fast tracked. jim rickards says the only viable central bank type of organization left in the world after the collapse will be the IMF (which the US controls)
It must be sitting in "membership committee"
Possibly, but they don't seem to be anywhere near the top of the in-tray yet (see here). "Currently, there are six candidate countries (Turkey, the former Yugoslav Republic of Macedonia, Iceland, Montenegro, Serbia and Albania) which are all at different stages in the negotiations. Bosnia and Herzegovina and Kosovo* are potential candidates who have been promised the prospect of joining when they are ready."
Iceland announced recently that they are dropping their application to join the EU. Turkey said the same after Putin announced the diversion of the South Stream pipeline to Turkey. This is after Turkey spent about 20 years trying to get EU membership, and the EU kept finding excuses to keep Turkey out. Then Erdogan allowed that Turkey might consider EU membership if he got enough hugs and kisses (on which part of his body?). Erdogan's message was clear: "Now I have the high ground bitches, now you can kiss my heiny."
Ukraine Lawmaker Accuses Russia of Counterfeiting Attack on Its Currency
Boots on the Ground: Britain to Deploy 75 Military Advisers to Ukraine
Kiev Bans All Ways into Ukraine for Civilians from Rebel-Held Donbass
Ready for Nuclear War over Ukraine?
Kiev Dragging Feet on Artillery Pullout Because It Wants out of Minsk Agreement
I will never forget 'where i was' ( where waz i?) when Poroshenko wept live crocodile tears on relaying,( the Brian Williamsesque type A B.S.) the moving stories of the woman who lost her hand ( as he was shaking it ) or the little girl who went blind when using an over-sized dildo on too tender a pussy . . . .
Such bad acting should however in my opinion be reserved for the likes of that other cunt , yes, Ms Tymoshenko.
Trained by Robbie Parker....
We need to let the slavic cousins (Ukraine,Russia) solve their own problems, without American interference. The USofA has enough problems of it's own!
Currency trading. Exchanging one brand of toilet paper for another expecting the new roll has a few more sheets. And the shuffling of chairs on the titanic continues unabated.
Do the junta bosses recognize their responsibility for the bloodbath into which they dipped Ukraine? Voluntarily – never. They’ll blame Yanukovich, the Party of Regions, the communists, the residents of Sevastopol, the “Berkut” riot police, “titushky”, Russia, Putin, “the polite people”, Strelkov, the militiamen, and many others, but never themselves and their owners, who helped “the transition of power”.
On the anniversary of a coup, which followed the massacre in Kiev, these people will play dumb, they will sing chants to the “heavenly hundred”, they will curse “enemies” who impede the “European future”, hypocritically turning a blind eye to what they turned Ukraine into.
http://www.reddit.com/r/NewRussia/comments/2ws3gq/korsun_massacre_annive...
Remember Obama said we brokered a change in government,,, now everyone knows what he meant by broke-red.
Here's a video of what happened. Hundreds of Pravy Sektor thugs attacked a column of coaches, beating the passengers with billy clubs and setting some of the coaches on fire. The Crimeans got the message.
https://www.youtube.com/watch?v=pwtiw7MoRVs
Soon I may have to displace the $100 trillion banknote of zimbabue from the spotlight of my collection of failed fiat money.
yes but have you seen their stock market lately? woowzers!
One would think by now the Ukies would have had all the ussa help they can stand!
No help will be coming from a president who cannot (WILL not) acknowledge any threat except from his own people.
That's why a lot of them are fleeing to Russia.
Hell, they'll be fighting the US troops alongside the Russians!
Goldman is making money off of selling the wheel barrels. They bet big on the currency fail.
the joke goes an uncle living in Weimar Germany was taking a wheelbarrow filled with the money to the store to buy bread when he was robbed. the thieves took the wheelbarrow and left the money
Ukraine's gold "mysteriously gone"?
Good thing gold stored in the US is far more secure.
It's so secure that the US government will not allow even an inventory (or even a viewing) of the gold in Ft. Knox? Gold so secure HERE in the US that the government is very hesitant to return other nations' gold they have stored in NY for "safe keeping"? I wonder why.
Fuck Ukraine and the EU!!
Ukraine OFFICIALY has 42,3 ton of gold.
Ok they admited like 4 months ago they have no gold.
Still official version is funny
they can move the ownership around on paper, they do it all the time with the SPR, its a more tangible form of phantom collateral
They obviously don't want to be "Merican" bad enough. They should try harder.
And Gazprom shows them all what a real big swinging dick looks like...
How do you say "Bitcoin, bitchez" in Ukrainian?
Ok, let me see:
Ukraine / European Union
Congratulations, dear Ukranians! Now you fullfill all the requirements to join the union!
And food-rationing now as well: "Restrictions apply for goods such as cooking oil, flour and sugar, Ukraine’s news agency UNN reports Wednesday. Retailers may sell no more than two bottles of sunflower oil, and two packs of buckwheat per customer and, depending on the store, from 3 to 5 kilograms of flour and sugar." At least cake isn't being rationed yet, so nobody needs to go hungry.
Apparently "people consider consumer electronics an investment as prices increase on a daily basis, RIA reports". Gas appliances, maybe not so much.
We buy bulk bag buckwheat no problem, no shortage
and old price as before.
while Ukraine take pain, cos west Pollacks so smart
buy into EU lies
and result all Ukraine basket case
Best Russian strategy ?
Stand back and watch it all implode on them.
When the Ukies feel enough self inflicted pain, watch them throw the bastards out themselves.
Then offer fair value-for-value trade deals.
The Western controlled media would probably call this the "imperialism of fair dealing".
Did Victoria Nuland run out of sandwiches?
Sheeple, it's what for Dinner...
Weimar Republic for the wn !
Da Da Dat Da Da Da Da ....
https://www.youtube.com/watch?v=_-SNrvHdZJE
This is bullish for the dollar they'll say! Bullish for the fucking dollar!
And good for the vacationer also (example hotel rates).
By Joost Niemöller
In the video below you can see a long column of military vehicles, including tanks and armored cars. This column, according to the caption, was filmed on 23 February in the border city of Narva, Estonia, The city is located on a reservoir that provides St. Petersburg [electric] power.
http://www.globalresearch.ca/us-nato-military-convoys-of-tanks-and-armor...
The NATO convoy will advance at least 10 miles into Russia, so that it is obvious to everyone that they illegally entered Russia, and then will disappear in a Mushroom cloud.
......... If the Russians allow tanks in .. NYC . DC . hope you got your bunkers well stocked and iodide tablets at the ready ...... the war will come to US .. we will not have to go looking for it in Ukraine or Estern Europe. The proxy war the WEST wants will not happen ... Russia is a lot stronger than during the Balkans 'war' . neocon and IMF NATO keep pushing this war with Russia .. . they are going to get it good and hard in every orifice.. they deserve it.
It's time for medium range nukes in Cuba - again.
http://tass.ru/en/russia/760322
Weimar 2.0, same ethno-oligarch crew at the helm!
Inflation is a monetary phenomenon, but hyperinflation is an economic governmental collapse phenomenon.
Quick!!! Better pay off debts Kiev!!! /s
U.S. foreign policy is to take your gold and makes it rain paper:
http://youtu.be/6h36OGYBWVs
Question to anyone who might know this. WTF is going on with RUSS when the last two days MICEX is down huge yet RUSS, which is the 3x etf bear russia, it shorts russian stocks, is down big too the last two days? WTF? Does anyone know? Thought it was time to short russia again, and it has been but wtf?
Can you tell tell the diffence though between Detroit and the Ukraine.There is no difference,that's the point.But the U.S. government would rather send their taxpayers' hard earned Dollars over there by the billions.It's very sick.
If we ignore the use of tactical ballistic missiles, MLRS weapons, 150+mm artillery, cluster bombs, white phosphorus etc., there is no difference between Detroit and Ukraine.
Could you imagine if the street thugs in detroit, or chicago, or new york, or baltimore, or any hardcore nigville? How soon before the jewge soros funds and arms the people in america to kill off and genocide whites?
Except that Detroit is poorer and more violent!!
The US served democracy on a silver platter and this is what they do with it!
" Didn't the Lone Ranger make his bullets out of silver? "
That's why he was such a good shot. Missing got expensive.
Yeah almost as funny as that lying fuck Putin
http://www.nytimes.com/2015/02/26/world/europe/russia-ukraine-crimea-ann...
NYT is terrible, been discredited here and now is bored subject.
That article is debunked already.
your kneejerk ignorance is showing
Ukrainians should remember that Yankuovych was an evil dictator and life in Ukraine has improved since he was democratically overthrown by the US-financed coup.
Hryvnia was stablized under Yanuk
Ukraine had more to gain from Russia's help than EU promises.
Majority Ukraine would prefer none of this happen and country proceeded orderly to scheduled election.
Now even germans love Putin, they even created song for him:
http://youtu.be/StDnFwcNkRM
Go Putin! Go Kim Jong-un!
This was predicted to be an outcome of their fast imploding economy. The majority of tax revenues paid to Kiev central government have come from the Industrial East. The very areas up in arms against the Coup Leaders in Kiev. The loss of industrial prodcution. The loss of their majority customer, the Russian Federation. The closing of the Ukrainian military industrial complex, that serviced the Russian federation. The failure of Fracking to take off, as much of the prime fracking patch is near or in the rebel held districts. The crony capitalism and oligarch capitalism. These have all stripped Ukaine of an economy.
The mass exodus to the west will soon begin to pick up speed. That is why the desperate desire for an EU membership, this would allow everyone to freely leave, for France, Germany and The United Kingdom. Given the chance, most people under 40 will leave.
Already, 1.2 million men of draft age live and work in Russia. Notice too that they are not going back to Ukraine, but putting down roots in the Russian Federation. Voting with their feet.
I doubt that even Goldman-Sachs could polish this turd well enough to get Ukraine into the EU now.
Crony Capitalism is Predatory on the People everywhere long term. The catalyst to the collapse comes when you are chosen as a proxy nation for fights.
Wastelands to be rebuilt like post war Japan & Germany only happen if the Empire is intact. The Empire is laden with drugs/debts and can only now pretend.
Beyond nationalties, there is once choice and that is to choose the overriding priority that this Age is one on Predators vs Preys. Ib any color, the Predators cannot have it going if the Preys know and act against the REAL ENEMY with no benefits of doubt. It is a BIG IF.
How could things have got so bad so fast with Ukraine’s new finance minister, Natalie Jaresko, on board? She's a US citizen, ex-Harvard, ex-US State Dept, ex US Embassy in Kiev and former fund manager. They even granted her Ukrainian citizenship in December 2014, specially to take the job - so she must be something special. Obviously some serious errors in the reporting here because nothing short of deliberate sabotage could cause that kind of mess.
This is a reprise of the looting of Russia by the Tribe (Schleiffer, Rubin, Summers etc.) under the Yeltsin kleptocracy.
"Like in a typical Mafioso family there is an ethnic core and a hierarchy, with higher-ranking members making decisions that trickle down to the other members of the family."
The Ukraine situation really pisses me off. Certain people within the US government who are behind this deserve to die a slow and painful death for what they have caused in Ukraine. But what will happen in reality is that the people of eastern Urkaine will continue to die for nothing other than the amuzement and profit of some zionazi's in Washington and their banking pals. Fuck these people. If Putin is actually forced to invade Ukraine for real, I hope he shows no mercy. And for members of the CIA and other blank organizations who are over in Ukraine particilating in this madness, I hope you end up dead. Anyone knowing participating in the murder of the eastern ukrainians are committing war crimes and should be executed for the death and destruction they have inflicted on these civilians.
The USA is obviously maneuvering to create a massive war in the middle east and to bring Russia into it. What comes around goes around America.
I read the comments through. I note a distinct lack of the State Department trolls. ANd the honest Kiev backers who inhabit ZH in small numbers. Neither will comment on the fruits of the system they support. Silence is golden. How can they comment on what THEIR Coup has done to an intact democratic nation, with some semblence of an economy.
The two down arrows immediately above your post indicate that we have currently one State Department troll in the area. Long lunch break? Checking with the boss on how to respond?
In a just world people (Nuland, Kerry et al) would hang for what they've fomented in Ukraine.
Another "triumph" in the western's fight for "peace, freedom and prosperity", under the leading of the Great USA. Hurrah for "our" dictator!
I hope there will be quite a few slim and beautiful Ukrainian girls who won't want to work for $40 and will marry a nice American guy instead.
That's not possible with Crimean girls as they are pretty happy and have good salaries.
State has been a cluster fuck for . 20 years or more . the Clinton regime under Strobe 'Talbot filled it with female ivy league denizens who do not know their ass from a hole in the ground . Hillary tried to coopt faction of US military as Sec. State .. SOC out of Tampa. the perfumed princes of Special Operatons Command and International Special ops .. she spoke to their conference a few years ago and wanted them . .to become shsdow diplomats .. so we got that BS going for us NOT .. AFTER THE Cold War .. we got SAndre Fluke clones .. we got idiots who went to school and got edmucated way over their pay grade... in other words the US State dept. is a shit hole of incompetence and pc ONE WORLD FITS ALL BS .. . has nothing to do with US interests but rather neocon marries progressisvism and had a bastard child .. a monstrus FUBAR US policy demon from hell .. It used to be just Ivy League males.. now they screw it up with IVy League famales...
Four out of five office workers in Ukraine are considering emigration. The data of the poll conducted by international personnel portal HeadHunter testify to the fact. According to the poll 83 per cent of office workers are considering emigration. Most of those who are ready to leave the country work in oil and gas sector - every second worker of the branch has serious intentions to emigrate. The second place is occupied by health sphere workers - 38 per cent of them are intending to leave for good. They are followed by the workers of energy producing sector, metallurgy and industrial workers - 37 and 45 per cent respectively.
Another notch in the bedpost for the nation-wreckers.
I think that the neocons may have bitten off more than they can chew with this one.
Maybe but it's the unfortunate people of Ukraine who are bearing the cost. As always the armchair warriors get away scot free.
God bless the poor souls.
Saw a similar article here, this is a pretty interesting opinion on it: http://prestonclive.whotrades.com/blog/43912524765
this is your future America
You'd think someone smart would realize you don't carry suitcases of cash - you carry suit cases and duffle-bags with booze, cigs & pills - anything easily carried yet has a high demand. Food would be good too but gets very heavy so that's where barter for fuel + trucks comes in play
They wanted American style democracy and they got it, crooks in charge, police who beat the shit out of you and destruction of the middle class, while the .1% get richer.
All almost exactly a year.
Thats exceptionalism!