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The IMF Just Entered The Cold War, Forgives Ukraine's Debt To Russia
Authored by Michael Hudson, originally posted by The Saker, author of The Essential Saker: from the trenches of the emerging multipolar world,
On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying:
“The IMF’s Executive Board met today and agreed to change the current policy on non-toleration of arrears to official creditors. We will provide details on the scope and rationale for this policy change in the next day or so.”
Since 1947 when it really started operations, the World Bank has acted as a branch of the U.S. Defense Department, from its first major chairman John J. McCloy through Robert McNamara to Robert Zoellick and neocon Paul Wolfowitz. From the outset, it has promoted U.S. exports – especially farm exports – by steering Third World countries to produce plantation crops rather than feeding their own populations. (They are to import U.S. grain.) But it has felt obliged to wrap its U.S. export promotion and support for the dollar area in an ostensibly internationalist rhetoric, as if what’s good for the United States is good for the world.
The IMF has now been drawn into the U.S. Cold War orbit. On Tuesday it made a radical decision to dismantle the condition that had integrated the global financial system for the past half century. In the past, it has been able to take the lead in organizing bailout packages for governments by getting other creditor nations – headed by the United States, Germany and Japan – to participate. The creditor leverage that the IMF has used is that if a nation is in financial arrears to any government, it cannot qualify for an IMF loan – and hence, for packages involving other governments.
This has been the system by which the dollarized global financial system has worked for half a century. The beneficiaries have been creditors in US dollars.
But on Tuesday, the IMF joined the New Cold War. It has been lending money to Ukraine despite the Fund’s rules blocking it from lending to countries with no visible chance of paying (the “No More Argentinas” rule from 2001). When IMF head Christine Lagarde made the last IMF loan to Ukraine in the spring, she expressed the hope that there would be peace. But President Porochenko immediately announced that he would use the proceeds to step up his nation’s civil war with the Russian-speaking population in the East – the Donbass.
That is the region where most IMF exports have been made – mainly to Russia. This market is now lost for the foreseeable future. It may be a long break, because the country is run by the U.S.-backed junta put in place after the right-wing coup of winter 2014. Ukraine has refused to pay not only private-sector bondholders, but the Russian Government as well.
This should have blocked Ukraine from receiving further IMF aid. Refusal to pay for Ukrainian military belligerence in its New Cold War against Russia would have been a major step forcing peace, and also forcing a clean-up of the country’s endemic corruption.
Instead, the IMF is backing Ukrainian policy, its kleptocracy and its Right Sector leading the attacks that recently cut off Crimea’s electricity. The only condition on which the IMF insists is continued austerity. Ukraine’s currency, the hryvnia, has fallen by a third this years, pensions have been slashed (largely as a result of being inflated away), while corruption continues unabated.
Despite this the IMF announced its intention to extend new loans to finance Ukraine’s dependency and payoffs to the oligarchs who are in control of its parliament and justice departments to block any real cleanup of corruption.
For over half a year there was a semi-public discussion with U.S. Treasury advisors and Cold Warriors about how to stiff Russia on the $3 billion owed by Ukraine to Russia’s Sovereign Wealth Fund. There was some talk of declaring this an “odious debt,” but it was decided that this ploy might backfire against U.S. supported dictatorships.
In the end, the IMF simply lent Ukraine the money.
By doing so, it announced its new policy: “We only enforce debts owed in US dollars to US allies.” This means that what was simmering as a Cold War against Russia has now turned into a full-blown division of the world into the Dollar Bloc (with its satellite Euro and other pro-U.S. currencies) and the BRICS or other countries not in the U.S. financial and military orbit.
What should Russia do? For that matter, what should China and other BRICS countries do? The IMF and U.S. neocons have sent the world a message: you don’t have to honor debts to countries outside of the dollar area and its satellites.
Why then should these non-dollarized countries remain in the IMF – or the World Bank, for that matter. The IMF move effectively splits the global system in half,between the BRICS and the US-European neoliberalized financial system.
Should Russia withdraw from the IMF? Should other countries?
The mirror-image response would be for the new Asian Development Bank to announce that countries that joined the ruble-yuan area did not have to pay US dollar or euro-denominated debts. That is implicitly where the IMF’s break is leading.
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SO BRAZIL IS OFF THE HOOK. PARTY IN RIO.
Time for Russia to withdraw from certain treaties. And then nullify certain debts.
That's awful nice of them, what about Greece and Venezuala? It looks like the war is heating up in China as well because after their most recent currency devaluation another explosion/fire hit.
https://www.rt.com/news/325235-chemical-plant-china-blast/
Let's not forget Chernobyl nuclear reactor is in the Ukraine as are many other nuclear reactors that need funding to continue their operations without melting down. No country in Europe can afford the Ukraine to go broke. Nuclear reactors cannot just be shut down overnight. Billions of dollars at play and the health of the world at stake. All of this political bullshit, scaremongering and lies.
fucking spineless french whore.....watch Russian corps now default on Western banks....two can play that game......just shows how little the West has any credibility....time for Legarde to get down on her knees and start sucking off a few Nazis.....
fucking spineless french whore.....watch Russian corps now default on Western banks....two can play that game......just shows how little the West has any credibility....time for Legarde to get down on her knees and start sucking off a few Nazis.....
Did the IMF just tipped the first domino over ?
Seems like it. An act of war no doubt.
Come on everyone knows what's good for the goose doesn't have to be good for the gander. It's nice to control both sides no?
This is good news for anyone owing money to Uncle Sam... Stop paying the IMF will help you anyway.
The IMF Itself Is a Criminal Organization
To understand this story, you have to reel back to the birth of the IMF. In 1944, the countries that were poised to win the Second World War gathered in a hotel in rural New Hampshire to divvy up the spoils. With a few honourable exceptions, like the great British economist John Maynard Keynes, the negotiators were determined to do one thing. They wanted to build a global financial system that ensured they received the lion's share of the planet's money and resources. They set up a series of institutions designed for that purpose – and so the IMF was delivered into the world.
The IMF’s official job sounds simple and attractive. It is supposedly there to ensure poor countries don’t fall into debt, and if they do, to lift them out with loans and economic expertise. It is presented as the poor world’s best friend and guardian. But beyond the rhetoric, the IMF was designed to be dominated by a handful of rich countries – and, more specifically, by their bankers and financial speculators. The IMF works in their interests, every step of the way.
http://www.realclearworld.com/2011/06/03/the_imf_itself_is_a_criminal_or...
"Confessions of an Economic Hitman" tells the story of how the IMF works. Anyone having any naiive delusions about its purpose should read that book.
it is a great book
Economical, legal and ethical rules do not count any longer. It is nothing but a wild fight for survival in which the end justifies any means. This total deterioration of rules and morale is a true sign of system collapse. Or political leaders are totally rotten and inept.
So the UN is a USA puppet also?
the UN, USA, UK, EU are all puppets of the global cabal (Rothschild, Rockefeller, Bush clans)
And that is the bottom line.
Hey them Bush boys would never sell out 'merica. Would they?
Google: VPRO Backlight The Carlyle Group.
It wasn't housed in New York as a kindly gesture to the world.
The UN should be moved to Yemen where it might do the world some real good for a change. Too much phony partying in their NYC penthouses.
I agree witrh those who believe it could be a very cold winter in Ukraine.
fine.... Ukraine pays up front in gold or they freeze to death this winter....taker your choice....its coming
EU gas for gold
Turkey gas for gold
China... a well Yuan
Dump dollars and US paper
Wait a couple of moths while staying nice and warm
What is the calorific value of USD fiat? It would be funny if the equivalent energy cost exceeded the face value.
Where is the IMF based?
Ohhh... right. That explains it.
Blowback coming - could be in the $US Trillions
Aren't most emerging market's debt in Dollars? Greece needs to join BRICS.
why? Greece is fixed - sheesh!
It's all FIXED! LMAO
NATO (The Fourth Reich) should just declare war already and be done with it. All these games are pointless.
They would if they thought they would win.
The Dollar Short squeeze that is being deliberately engineered will be beyond epic.
Consider what this will mean for the foolishly over-leveraged CBs, banks, corporations and state sponsored enterprises..
1.Those 'stock buybacks' are going to be very very expensive to pay off in a sustained profit constrained environment.
2. Commoditites are going to crash even harder as every producer cranks output to try and keep the lights on long enough for the market to clear of excess even as nations such as China print and prop whole sectors that are running at stupendous levels of over-capacity...
3. Further devaluations, particularly amongst Dollar-pegged currencies such as the Yuan ( or the Saudi Rial ) are going catapault Dollar denominated debts -particularly US bonds- into the stratosphere.
4. Strengthening of The FED's balance sheet in terms of US Bond holdings vs. Central Banks such as the ECB that have entered into massive surrency swaps with the FRB and loaded up on EURO denominated Bonds and Muni's and the like from the perifery.
5. Labor/wages in the US are likely to suffer further sustained and cumulative stagnation/deflation as foreign/non-US denominated markets for labor are effectively devalued along with their respective local non-US denominated currencies.
The IMF enters the cold war yet they are a non-governed entity. A for profit corporation blatently taking sides, pushing for war.
This from Sputnik:
http://sputniknews.com/middleeast/20151209/1031490311/us-syria-operation...
It seems that this WW3 plan is rolling along.
Checked out your link. Jeez!: " ...will be working alongside and at the invitation of Iraqi official forces." I thought I just read today the Iraq wants the US out and wants to break the security agreement it signed with the US? Or is the US making up more stuff? This is moving scary fast, eh?
WOW!!
It's pretty obvious the US intends to simply cancel its foreign debt. Precedent established by IMF.
Putin - OK, you want heat - pay in advance. Credit is nyet. Merry Christmasovich!
The IMF, the USA and the world in general will rue the day those words were uttered.
These words are also, intended or otherwise, a warning shot for China.
They are words that set a dangerous precedent and can cut both ways.
Russia will "DisLegarde" and move on. The west will come to regret this, I think.
I will tell my mother to say to the next debt collector that comes to the door for me that "her son (me that is) doesn't has to pay because the collector is not part of the family".
Let's see how that works out.
More Guns are what Kiev needs; Not Jobs, not winter fuuuuuuuuueeeeeeeeeeeeeeeel.
and Gold smashed down $15
Gold officially now joins the 'Bargain Of The Month' club.
LOL!!!!!! I wonder what Russia has to say about that? Hypocrisy at a whole new level. Russia will annouce that America has now "forgiven all the DOLLAR-dominated DEBT"!!!!!
boom motherfuckers!
Ironic that a frenchwoman is instrumental in debasing a rule that was the cut and paste hallmark of Françafrique's identical financial construct with its imposition of the CFA zone common money pegged to the French franc (now Euro); PROVIDED all pardners in the CFA (a lot of whom have oil and minerals and agri products as solid collateral export revenues) PLACE 50% of their participation in the equity pool behind the CFA scheme in the hands of Banque de France! Just like IMF does with its SDR scheme.
If the french "overseer" of CFA now said the CFA ONLY works for people who place money and also OIL revenues with France it would kill the CFA overnight. You don't change a "golden" rule on adhoc basis.
When you cross certain Rubicons in "overstretch" mode you are like a Caesar that went a "bridge too far"...
Lagarde, will she see the IMF melt in the face of China's new World bank which has lined up UK backing and gotten red carpet treatment from Cameron and Osborne?
Hmmm.... China is now holding more and more the cards of international finance.
Thanks to US led panic station fence mending in Ukraine and Syrac. When Brasil revolts in monetary/political gridlock/collapse we will have another Bric down for the count and the $ will lose its hold on another key surrogate of the monetary casino wars.
All corporations is ours.
-IMF
The IMF sprinkles holy water on a smoking pile of dead bodies. It takes a war to bring out the best in humanity.
The new (not) improved Scheiss dollah is coming soon to a soup kitchen near you. Now that the Saudi Mercan IOU petroscrip I$I$ "backed" toilet paper dollah is getting flushed globally as "our I$I$ guys" get ...iced, just wait for the tsunami of toxic derivative filth to come and wash US away and our Potemkin Village rigged market "economy" as the Ponzi Wall Streeter shaman bankseter crapper implodes. As for 3 billion USSA dollahs from the Ukie Nazis...Novorossiya is a steal at double the price!
Who said "Charly don't surf"?
https://www.youtube.com/watch?v=sldUugfArNc
Idiots. More nails in the FRN USD coffin.
Doubtful that the FRN USD will survive the decade.
Dollar PUTS PUTS PUTS and MOAR PUTS
(no, not Putins... this time ;-)
I believe it's what is not said by the Russians that will be a clue as to how serious this is...when the Russians keep quiet, it usually means they are thinking reallllllllly hard about how to hit back...could be a hot winter in the Northern Hemisphere.
No need. Just wait until a U.S. allie (like China) announces that all dollar-dominated debt in say, South America, has been forgiven!
TRADE is the only thing that matters... ..no-one wants all those "financial products" America keeps producing...
Guess we shouldn't have sold out the american worker and manufacturing after all...
roll the motherfucking guillotines, NOTHING changes otherwise...
Russia is saying it didn't get paid.
We defaulted some folks...
The oligarchs are hell bent on the next global war.
Any ideas on how to get to these sumbag overlords and destroy them?
People are making a stand in Ukraine and the Balkans. These folks making the stand are mostly white Christians, not camel jockeys.
It's always the Balkans (and Ukraine too thanks to $500M in Obama military aid to Kiev).
Any word on TEA PARTY hacks who signed off on this latest warfare funding?
Oil and da Dolla have to fall, it's their bloodline.
Didn't I just say this? Yeah, I guess I did.
https://youtu.be/ssSijvxfwS8?t=20m45s
Silver For The People
Guess Iraq set them off by telling the USA no thank you
I told ya, what makes this time so dangerous is it is that they bet the entire farm on one roll of the dice.
IN THIS KIND OF ENVIRONMENT I SURE AS HECK WOULD RATHER HAVE SILVER AND GOLD.
Russians and Chinese are stupid faggots.
Keep selling your precious oil at discounted prices (thanks Saudi bitches!) for your enemy's worthless electronic digits, you goddamn' traitor and bankers' cock sucker, PUTIN!
You rotten Chinese,
I don't even remember your leaders' names and you are less than what comes out of a pig's anus, for selling your goods and services for the same worthless dollars.
Dollars are even against the US Constitution and constitute a CRIME before American law.
But didn't I just say that you're all full of shit?
yes
you're all full of shit.
Fuck the Russians.
Fuck the Chinese.
Fuck the Americans.
Fuck the Saudis.
Long live Israel and Turkey.
Long live who, Israel and Turkey, but "Fuck the Americans", you won't have a fucking parasitic Israel without America's support.
One nice thing, it always lets me know I am on the right side of arguments when idiots like this are against me.
You Americans are the Israelis' and the Saudis' slaves. This doesn't change the fact that you Americans are rabid animals and worthless pieces of shit that must be quarantined for the survival and well being of the human race. Of which you are not part.
Stupid Fucking Earthlings.
The US taxpayers fund the IMF, whom are merely the Jews who steal the money.
The private Jewish bondholders were just made near-whole by this action. The IMF transfers money from the US taxpayers on the condition it be used to pay back the bonds held by the Jews.
Same as we saw with Greece, where Lagarde first demanded Singer and the Jewish vultures be made whole and then, once that happened, turned around and demanded a haircut for the pension plans who had bought the debt from Singer.
The game is the same. The Jews always win. They make the rules- they don't take them.
Sucks when you have to burn the furniture to stay warm.
The USSR and the Russian Federation have staked a great deal on their position as honest brokers in the Natural Gas market. If you sign a contract with the USSR or the RF, that contract will be met, despite politics and war. The only point at which Russia would stop gas flows that are under contract is if the otehr side failed to meet it's obligations under the contract. Like non payment. After all, who fullfills a commodites order to someone who does not pay? Nobody does. At the worst crisis of the cold war, the USSR kept the gas flowing, and the RF is the same. They have always fullfilled a gas contract, if they are paid.
Where Ukraine is different, is they have been stealing gas for 20 years, each year they steal from transit gas to the EU. Now, they also demand deep discounts or refuse to pay. In the past, Russia has always given Ukraine deeply discounted gas. With the coup in Kiev, Russia has begun to pull back form these deep discounts, and Kiev is wild! They want their discounts, they want to steal gas each year, and they now want to refuse to pay.
What Americans and westerners do not know is that since the Ukrainian Soviet Socialist Republic became a defacto state, it has lied, cheated and stolen from every world entity that tried to do business with them. Remember when Kiev said "Fuck Donbass and Russian coal, we don't need it"? And then signed a deal to buy South African coal? The first South Sfrican ships arrived and unloaded coal shipments, what did Kiev do? Refused to pay in full. When asked to pay in full, they gave some bullshit answer about wanting a deep discount first. This is and has been standard for all Ukrainian dealings. Each contract signed is just another chance to cheat, steal and lie. You will never be told this by western media, but the world's corporate community knows damn well a deal signed with Kiev isn't worth the paper it is written on.
So what country is going to play the repo man?
This whole situation is madness.
All BRICS needs to Leave IMF tomorrow... FU IMF Ponzi passers
IMF tool of the zios....
BRICS now should default on all western ponzi debt, then others will follow... get all the gold you can first... real gold.
....all part of the program. Very good article here...
http://www.alt-market.com/articles/2758-the-global-economic-reset-has-begun
Russia should leave the IMF and Putin should tell the IMF and its demonic founder George Soros to go fuck themselves. Second, Putin should freeze out Western Ukraine this winter. Fuck them and the US supported banderist nazi scum! Russia should also work closer with China at de-dollarization!
They should threaten to default on their own loans to the West. Watch the f*ckers scatter if that happens.
This sets the world into two camps. The dollar camp and the BRICKS non dollar camp. If anything, it will prompt nations to move away from dollar trade settlements in order to avoid the dead hand of the IMF coming in and attacking a states financial positions.
I think I will buy a stack of Yuans.
I bought some back in 2010. I thought it would be a good hedge in this zirp environment and it was until recently.
the exchange rate went from 8rmb/usd to 6.10rmb/usd; my plan was working and the arbitrage was working for me but, now, I don't know what to do??????????
I've been to China 4 times since 2007 and I can bear witness to the power of the Chinese consumer and I thought there is no way the Americans or USD can compete with 2 billion debtless Chinese savers. I still hold my position even as I watch the fx rate go from 6.10rmb/usd to 6.42rmb in a mattter of weeks. I thought China was going to short the USD, It seemed like the only move. Then with the RMB getting SDR status I thought "surely I can't go wrong?". SOOOOOOOOO WTF?
The IMF decision in relation to Russia was quite predictable. IMF and WB are controlled by the U.S. On the other hand, the Russian Central Bank's days are numbered, at least in its current format.
P.S. Can't Russia 'repossess' Donbas in lieu of the US$3 bln?
"Hungarian-born hedge fund magnate Soros called on Thursday on the West to step up its aid, outlining steps towards a $50 billion financing package he said should be viewed as a bulwark against an increasingly aggressive Russia."
http://www.reuters.com/article/us-ukraine-crisis-imf-idUSKBN0KH13820150108
She'll do anything to get out of a recent commercial lien served upon her
Completely
Fucking
Insane!
http://presstv.com/Detail/2015/12/08/440834/Craft-International-mercenar...
check it out zh
VT has a few "interesting questions" as well:
http://www.veteranstoday.com/2015/12/07/3whitemen/
The Pentagram has sent their spooks into Yemen apparently as well. They are bringing them from all of Xerxes great empire: Chileans, Panamanians, Salvadorans, Columbians, Aussies, Sudanese Eritrean.. etc,.
http://www.sott.net/article/308137-Yemeni-forces-kill-14-Blackwater-mercenaries-in-Ta-iz
Good story.
At least as legitimate as anything you see on the MSM.
It actually makes more sense. I would posit any 'mass shooting' we now encounter immediately be assumed to be a FF until proven otherwise. There is too much at stake for TPTB. And don't think they care if they win an armed revolt. They do NOT. Their goal is the destruction and balkanization of America.
I saw an actual medical dummy in one frame of the TV coverage which immediately raised my suspicions.
Bath House, what a fucking Tool. He has done more than anyone to Promote Gun Violence in the history of the US.
...but, but, he's the magic negro.....by voting for him, we absolved our collective sins. Look how progressive we are...
Wow! I can agree with him about the impact of a modern assault rifle hit. In the Ukrainian civil war, I have seen hours of combat footage, and dozens of open assault rifle bullet wounds. I can assure you, a single hit to a soldiers leg, if it hits soft tissue only, will blow all of it away leaving a fist sized hole. If it hits a leg bone, the leg will all but be blown off. Same for an arm. That is why body armor is a must for all infantry. You simply can't be in an assualt rifle situation without body armor. A body hit, will blow a hole bigger than a man fist into the person. If you see someone taken away with a small bloody bullet wound, it can not be real! Men taken out of the Donetsk airport with leg wounds, I saw three, had the limbs blown to mush, gaping wounds.
And in places like this the dogs are well fed...
loansharking 101 you dont loan money to a party A to pay their debt to party B unless you see that B's debt is legitimate. if Russia accepts the 3B they essentially have sold Ukraine to the west and very cheaply. 3B, which is nothing really. 3B is one day of QE. one day.
if youre a western power the IMF and their SDR plan for this year are great, because the balance of issuance is based on gold reserves and the third world economies don't have nearly enough to gather the new paper, their currency effectively gets weaker, ours gets stronger.
China wants to join the west and that would mean the end of cheap labor. the next source of labor is EE, this is a fast growing area, not the BRICs but the BELLES. Russia gets isolated because they don't play the game. the new Cold War is government against its own people. if you don't contribute economic fodder to the global economy they send you to work camps or their modern equivalent, they cut you out of the IMF system. the globalists are winning, 3B, what a joke. when they float the new global currency they will kick the biggest can down the longest road, and everyone will say, you can't do that.
So they're going to go so far in debt to us that we have to go to war on their behalf or risk losing repayment. Sounds like WWI all over again.
The Russian President also reminded that Russia was ready to support Ukraine, share the risks with US, Europe and IMF.
"It has been four years - more than enough to mitigate those risks somehow. I don't understand this. If so — I give my permission to sue them [Ukraine]", Putin ordered.
Moscow made an offer to restructure Kiev's $3-billion debt based on US, EU or other major global financial institution guarantees, despite the fact that Ukraine has failed to address the Russian authorities directly on the matter.
Ukraine's debt totals $70 billion, some $40 billion of which the country owes to international money lenders.
Read more: http://sputniknews.com/europe/20151209/1031485005/putin-debt-ukraine-order.html#ixzz3tqTpC0zIThis article from last September now seems remarkably prescient:
Full article here: Russia’s ultimate lethal weapon
I usually don't post long quotes on here but this particular quote is aligned with what many hedgers have been proposing and makes a very good point and begs the queston: Who was responsible for the Bolsheviks?
- Aleksandr Solzhenitsyn c/o SottExactly so.
It is a very sad fact - but understandable given the relentless Western misunderstanding and propaganda since it happened - that communism was not the political/economic/social ideology of choice by the Russian people en masse at that time.
It was imposed onto them by the Bolsheviks.
And what we see today happening across Western nations is communism's sister ideology: fascism, being imposed by modern day Bolsheviks who have learned that you don't need to own the means of production, just so long as you control it.
The main difference between the players then and now is that these new Bolsheviks wear Armani suits and dine in the best restaurants, usually at our expense. They all eventually bring out the jackboots to maintain oppression.
It was imposed onto them by the Bolsheviks. Who were financed by the Schiffs and Warburgs of New York
Indeed Lucky :-)
Nothing changes, only peoples' names.
There is no ownership. There is control.
"To control" is a well defined verb, easy to understand on a technical level. Animals control, mechanisms control,
"To own" is a complex undefined cultural action. Primitive cultures dont get it, and even lawyers are unsure of what it means.
And that's why this world-renowned Nobel Literature Prize winner overnight became The Incredible Disappearing Man.
Orwell's 'Animal Farm' is recommended reading.
"The IMF has now been drawn into the U.S. Cold War orbit."
This statement only makes sense if you view the world as a hierarchy of nations, where the US tops one hierarchy and Russia another.
Let's test that viewpoint.
How did Remnimbi inclusion in the SDR serve the US and it's Dollar?
The world is a network of interests, not a hierarchy of nations.
The US evil forces in charge have declared all kind of wars against Russia except a direct military one.
I would be weary about SHTF on the Dec 14.
Hanukkah 2015 began in the evening of
Sunday, December 6
and ends in the evening of
Monday, December 14
https://www.youtube.com/watch?v=z2GOrdxCm6Q
I'd hit that from the back.
Leaving aside the specifics of this individual case, what is important to recognize is that we are living in a post-lawful society where the rules only apply so long as they work.
Otherwise, out the window they go and something ad hoc gets made up to cover the one "exceptional" situation. To be followed by another and another, ad infinitum.
It is this collapse of the rule of law in favor of frantic expediency that is the surest sign of approaching trouble. Sooner or later, a mistake will be made and off to the races we go.
Hope you all got your track shoes on.
If Le Pen wins in France, the rules will go out the window. Like Greece.
If LePen even looks like she is going to win, the rules will go out the window. At least the electoral ones. Trump Golden Dawn over Paris would be the End of the World as THEY Know It.
Will any credit default swaps be trigered by the IMF's declaration?
this is classic already.
https://www.youtube.com/watch?v=Cv1YgVKoqLw
So, I guess that guy is not a Trump supporter.
Hopefully, he is NOT in the US, it looks like he's almost ready to go Jihad.
informative comments under the video
bigots love showing off their ignorance
Yes....as well as yours.
Takes a bigot to know one.
IF you watched the video, that motherfucking asshole IS the bigot.
Try not to be too much more stupid today; I wager your daily quota is used up.
How can it "join the Cold War Orbit," if it has been a branch of the DoD since 1947?
Did it ever leave at some point?
I don't think so.
all masks are off
the WW is imminent
Any cite to an actual IMF announcement?
close enough... (the IMF are lazy public sector banksters... so they'll get around to updating their website 'whenever')
http://www.reuters.com/article/us-ukraine-crisis-imf-idUSKBN0TR28Q20151208
https://www.rt.com/business/325152-imf-policy-ukraine-debt/
http://tass.ru/en/economy/842456
A fistful of dollars is worth two doctor zhivagos in the bush.
3 minutes to midnight... tick tock tick tock.
so when are the bombs going to start dropping!!,that is what bankrupt nation do, these sociopaths are determine to take us to war
The ukraine coup was for, by, and for the benefit of international, organized Jewry.
Not 'zionists' but transnational, loyal to no state, largely in cobtrol of banking and mass media and western governments *Jews* - plain and simple, as even 5 minutes researching who holds media and governmental and financial power in Ukraine - the jewish population of which is under 1/2 of 1%.
https://www.darkmoon.me/2014/ukraine-a-jewish-takeover-by-rehmat/
The same complaints about the same behavior by the same Torah cabal across 2200 years and across widely different cultures can not sensibly be dismissed by claiming the allegation is 'hate'
What is hateful is the attitude of the elite of this cabal toward 'the nations'
https://realcurrencies.wordpress.com/2014/06/05/capitalism-is-jewish-usury/
"Ex" IDF were embedded in the Maidan as field commanders, being paid by Victoria Nuland whose husband Robert Kagan founded PNAC. It's as "zionist" as anything outrside Israel proper can be.
Mossad moved in a major way into Galicia and it's capital city Lvov in the western part of the Ukrainian Soviet socialist Republic long before the USSR fell. After independence, Lvov became a base for Mossad to spend US billions on re-education. Israel and the USA re-wrote all the school books of Ukraine in order to capture the new generations coming up. Jewish and American lies filled the school rooms across the new nation. This was part of a 2 decade plan to foment a USA coup. Mossad trained the fascists and funded them for 20 years. They printed fascist text books and delivered them to Ukrainian school for teachers to teach from.
This is all fact, as former members of the Ukrainain SBU have testified. Mossad was everywhere in Galician life.
We unloaned some folks.
so now the imf can payoff the bad loans to russia.
Ukraine is given a get out of jail free card and Greece gets sold into slavery.
How utterly corrupt!
Greece holds very little geopolitical stroke, and is surrounded by other broke countries. The Ukraine is on Russia's doorstep, and easily influenced by western countries to date. That's what I guess the probable cause is?
What am i missing here? Russia gets paid anyway?
Maybe forcing the transaction in FRN's instead of something useful?
The article is nothing but hogwash. It clearly states that the IMF gave money to Ukraine to pay the debts to Russia. From this, Tyler weaves a complex novel involving Argentina, IMF rules and WW3.
Summary: The IMF gave money to Ukraine, to pay Russia. So?
I have not seen that announced anywhere.
Russia are heading towards the courts in London to sue Ukraine.
Not likely if anyone had given the money to Ukraine to pay off Moscow.
So what? Switch the FRN for something useful. Pass the buck. And how exactly can the IMF "force" any transaction?
I dont get why is it so important in which currency you get paid or something gets priced. Its what you do with the currency what matters:
1.-Spend it, get something useful, pass the buck.
2.-Save it, the Saudi approach->What Washington wants. Take the money and keep it, lest it be inflation.
Criminal putin regime jailed peacful activist for his political stand against corrupt criminal putin regime. This is how criminal putin regime wants to spread fear in people never ever to doubt criminal putin regime crimes and never to stand up even as one man protest in public.
Russia step by step transform in hitler nazi regime / north korea style.
Russia: Peaceful activist sentenced under repressive new law must be released
Russia’s jailing of a peaceful opposition activist for violating the country’s new law on public assemblies is a shocking and cynical attack on freedom of expression, Amnesty International said today.
Ildar Dadin was sentenced to three years in jail by a Moscow court for repeated anti-government street protests. He is the first person to be jailed using the law, which was introduced in 2014 and punishes repeated breaches of public assembly rules.
“The shocking sentencing of Ildar Dadin shows that the Russian authorities are using the law on public assemblies to fast-track peaceful protesters to prison,” said John Dalhuisen, Europe and Central Asia Director at Amnesty International.
“This cynical move shows that compared to the drawn out criminal proceedings against peaceful protesters in the past, the authorities have now created a shortcut for imprisoning activists. It is more dangerous to be a peaceful activist in Russia than at any time in recent years.”
The recent changes to Russia’s draconian law on public assemblies criminalize anyone found to have violated the law more than twice within 180 days.
A solitary violation of the law, for example peacefully gathering without the authorities’ express prior permission, is punishable by a fine or up to 15 days’ administrative detention. Three such violations result in a criminal offence punishable by up to five years’ imprisonment.
Ildar Dadin’s first violation was protesting against the conviction of peaceful activists from the so-called Bolotnaya demonstration of 7 May 2012 in Moscow, for which he was detained.
He has since been either fined or detained four times for similar “offences”.
He has been under house arrest since 30 January 2015, when his last 15-day administrative detention sentence expired, and was only allowed to leave home to attend court hearings. Following today’s sentencing, he was taken into custody.
The judge at Moscow’s Basmanny Court sentenced Ildar Dadin to three years in jail, despite prosecutors having requested a two-year prison sentence.
“It is deeply disturbing that the Russian authorities have ‘legalized’ their own human rights violations and are now actively putting this into practice,” said John Dalhuisen.
“Ildar Dadin must be immediately and unconditionally released and Russia must repeal this repressive and unjust law.”
"Criminal putin regime [...]"
I can always recognise one of your posts even w/o looking at your handle. They always begin with the above (!!)
He has only been with the "State department internet troll team" for 5 weeks! Cut him some slack! He will get original with experience. Right now it is all off of the talking points hand out.
As if he wrote that himself. Or he may be Ukrainian, that drivel sounds like those right sector clowns.
Are you suggesting that this report isn't true? Or merely that you do not care if it is true?
Zinu is the latvian that has been posting since the coup. This is his fourth or fifth handle.
So you're okay with the concept of peaceful street protesters being jailed for the crime of not shutting up enough?
Non-sequitur.
I quess there will be no gas for Ukraine until it pays the debt.
If there's no gas for Ukaraine and Turkey, what happens when they decide that there will be no gas through Ukraine and Turkey?
Mild winter we're having so far.
1947....interesting that was the year the CIA was officially formed.
Also the "crash" in Roswell.
I guess that message says forgiveness to NeoNazis,HeadChoppers and all kinds of Dictators serving Washington's psychopaths around the globe.Nice to know nothing's changed along with Washington financing a monster in the Arab world that's gone out of its' control.What's next you ask?Well,now ISIS is gaining control in Yemen and Libya.Both close to Agrica and Europe.I wonder why?
Whomever downrated this comment should be bannned.
idiots, even more incentive to dedollarise
ZH: You need to be a bit careful about your statements. ZH has often been critical of mainstream media for a lack of good reporting - justifiably so!!
It is quite possible that the IMF has forgiven loans to the Ukraine. And very likely there are a lot of political machinations going on behind the scenes. Undoubtedly.
But that doesn't mean that the IMF will apply this policy across the board. The generalization that only loans in US dollars will be enforced ... it's highly unlikely to be true. Yeah we get it -you guys are applying a liberal amount of sarcasm about the System. But the situation with the debt of the EM countries is very sensitive right now. things will get a lot worse at the IMF - before they get better!
I have not seen that IMF loan to Ukraine announced anywhere.
Russia is heading towards the courts in London to sue Ukraine for the $3B.
Not likely if anyone had given the money to Ukraine to pay off Moscow.
The EU has fought fiercely to preserve the sanctity of Greek debt. Once you break the inter-connected debt across the planet, you risk the great 'We Default" Black Swan.