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Fri Mar 21, 2014, 06:44 PM

TRNN: "Who In Ukraine Will Benefit From An IMF Bailout? FASCINATING DISCUSSION.."

Who In Ukraine Will Benefit From An IMF Bailout? FASCINATING DISCUSSION..
Oil and Gas Exchanges, Austerity Programs like Greece, Ireland and Others....Ramifications of us Selling our USA NatGas to compensate EU for Russian Nat Gas/Oil...and increases employment as how we will sell it to EU..Pension Cuts and more Privatization.

Published on Mar 21, 2014 Economists Michael Hudson and Jeffrey Sommers discuss how provisions in an IMF deal, like cuts to gas subsidies and pensions, will hurt the average Ukrainian citizens and benefit kleptocrats


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Response to KoKo (Original post)

Fri Mar 21, 2014, 07:16 PM

1. Both economists were great. Seems as if TPTB are working double time to

get their sinister plans into place before a general election. God help the Ukrainian people. In my opinion, the global greed is just as destructive as a nuclear weapon.

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Response to KoKo (Original post)

Fri Mar 21, 2014, 09:12 PM

2. Excellent video. Highly, highly recommended.

Koko! I was just coming to post this. This is a must-listen for people who don't support how the IMF rapes and plunders countries.

I foresee that in less than a year, we'll be on Europe's shitlist for dragging them into this mess, even though their own greed is to blame and they chose to go along. Ukraine owes Russia about 26 Billion- guess who's going to pay for that? The US, the German and the British taxpayers. That's not even the worst. We're going to pay this just to shoot ourselves in the foot, destroy our environment and raise gas prices on ourselves.

Their discussion of how this will affect taxpayers in the US is important too. It's sordid how almost none of the facts they're discussing made it to US news.

Hudson is one of the best, most accurate economists alive. Ignore him at your own peril.

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Response to Catherina (Reply #2)

Fri Mar 21, 2014, 11:14 PM

4. Yes but all that American gas will have a market

and at a much higher price...the oil and gas companies will make billions.
And in the end that is what it is always about.
And the US news will not touch this...for the money reason...we are to focus on Putin.

K&R this OP...Thanks Koko for posting it.


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Response to Catherina (Reply #2)

Thu Mar 27, 2014, 08:16 PM

11. I know "Yats" was just on giving a speech about how Austerity (Pension Cuts, etc)

would now have to be part of their new tentative agreement with the EU today on the News!

So...I relistened to this and it seems that this might be exactly the plan going forward.

We in the USA always focus on the Political Message ...but, it's the World/Global Economy that is driving all of this and it's so complicated it's hard for us to focus on...but, we need to do better after what we've seen done here with Austerity and lack of Wall Street Prosecutions (just fines which they can pay with our tax dollars, bank savings with no interest) after the"Worst Financial Crash" since the Great Depression (as it's Touted) has occurred.

We are like sheep...but most don't have time to read or find Wall Street News and ability to combine with Politics because Americans are Overworked and Living on the Edge...and the rest too poor to be able to cope with anything but survival.

We older ones, with some experience, can try to put the dots together but even for us it's not easy to figure it all out in a way that can be shared to be useful to the rest of our population of how we are so manipulated these days with the technology ability of Wall Street/Globalists to scam us.

Even our politicians have to have the bills written for them by Lobbyists because they don't understand what's going on..it's so complicated. sigh.

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Response to KoKo (Reply #11)

Thu Mar 27, 2014, 09:44 PM

12. +1 And check out the Open Ukraine Arseniy Yatseniuk Foundation

Established July 2007


Two more partners
[linketerson Institute for International Economics|Victor Pinchuk Foundation] (really funny stuff like the "Davos Philanthropic Roundtable" to "Peterson Institute for International Economics" the with PNAC's Robert Zoellick, former World Bank president

The National Endowment for Democracy

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Response to Catherina (Reply #12)

Fri Mar 28, 2014, 09:06 AM

13. Good Links...

"Yats" is so well connected ...even the proper PNAC/Zoelick connection. It's all there....

and the Blog...Great Read.

Very Interesting dot connecting.. Thanks.

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Response to KoKo (Reply #13)

Fri Mar 28, 2014, 11:34 AM

14. It's all there indeed. The "Peterson Institute for International Economics"

Victor Pinchuk > "Peterson Institute for International Economics"

I was just reading this in another thread

What President Clinton says matters. He’s the architect and primary spokesperson for the corporatist and pro-Wall Street wing of his party. He’s also the political and personal partner of the Democratic Party’s presumed 2016 candidate. Enormous sums are being raised for Hillary Clinton’s candidacy even now, which reinforces the Clintons’ enormous influence (and gives them good reason to please the big-money crowd).

Headlines like the AP’s emphasized the “gradual deficit reduction” theme of President Clinton’s talk to the “Clinton Global Initiative University” in Phoenix. The Washington Post reports that President Clinton was given a “glowing introduction” from Michael Peterson. Peterson heads the right-wing, strongly pro-austerity, and staunchly anti-Social Security Peterson Foundation on behalf of his billionaire father Peter G. Peterson. That introduction, we’re told, led to “an extemporaneous riff about deficit issues” (although we wonder how much is truly extemporaneous with this most polished of political performers).


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Response to KoKo (Original post)

Fri Mar 21, 2014, 09:26 PM

3. Michael Hudson: Ukraine, Austerity….Again? (excellent discussion)

"We're dealing with a new kind of a class war...(too long to transcribe). The IMF is in a new class war and it's almost as if Ukraine was militarily invaded except Finance now does what the military used to do. It's Finance that grabs property, it's Finance that grabs the land, it's Finance that comes in and levies a tribute by saying the Ukrainians have to now pay taxes to pay the IMF for the money it's given the Kleptocrats to say we're going to join Europe instead of Russia because it means billions of dollars in our pockets." (minute 6:45)

Ukraine, Austerity….Again?
March 17, 2014
By Michael

An interview with WBEZ on the one-sided view of economic reform.

WBEZ writes:

Both the U.S. and the E.U. have pledged aid packages to help Ukraine’s new government stabilize the country’s economy. The IMF also has a team on the ground in Ukraine, currently analyzing the country’s debt crisis. They expect to make recommendations for reforms that are required for Ukraine to secure an IMF loan. But, not everyone agrees that austerity and cuts in wages and government subsidies are good for Ukraine. Michael Hudson, professor of economics at the University of Missouri-Kansas City and author of The Bubble and Beyond, weighs in on the debate.

AUDIO of "What will aid packages and austerity do to Ukraine's economy?" here: https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/138085737&auto_play=false&hide_related=false&visual=true

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Response to Catherina (Reply #3)

Sat Mar 22, 2014, 12:42 PM

8. Excellent discussion, indeed.

Thanks for that link,Catherina.

I had no idea that Clinton reneged on the US promise to Russia.
and not the least bit surprised at the austerity plan..that was obvious, given the pattern in Europe.

What does surprise me is that people put up with it.

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Response to dixiegrrrrl (Reply #8)

Sat Mar 22, 2014, 01:22 PM

9. You notice how none of that is every brought up in our MSM?

I'm glad you appreciated it.

I don't think the Ukrainians are going to put up with this Austerity joyfully at all. We'll see Greece-style protests there soon.

Higher taxes along with 50% pensions cuts, higher retirement ages (more increased for women), cuts in social services and medical care? They're not going to put up with it. Of course, our media will simply ignore those protests when they start, just like they're doing with Greece.

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Response to KoKo (Original post)

Sat Mar 22, 2014, 02:28 AM

5. K&R

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Response to KoKo (Original post)

Sat Mar 22, 2014, 04:23 AM

6. All valid points - good analysis of the situation.

A few illustrations are a little off the mark - Poles coming to the UK for example and working as plumbers. That's a stock joke here in the UK - most returned to Poland when things picked up there. The illustration is wrong because Poland was already in the EU and so their population could travel to work : Ukrainian's will have only 90 day Schengen Visas with no permission to work whatsoever.

Best point is that given most aid will go in and out of Ukraine like a dose of salts to settle prior debt the transfer will that of Russian influence becoming western ownership.

The US may even be kind enough to donate aid in the form of Bechtel privatising Ukraine's water supply.

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Response to KoKo (Original post)

Sat Mar 22, 2014, 10:04 AM

7. Excellent Discussion


It's interesting how the West likes to disguise its deep economic penetrations under demonization of leaders....Contrary to this vision, Gorbachev's own memoirs note his realization after Chernobyl (1986) that a nuclear war could not be won and the need for disarmament....

Putin's leadership is a reaction to the chaos that ensued after the Soviet Union dissolved and the desire of Russia for stabilization...

Dr. Michael Parenti has for long unmasked how the neoliberal demonization works to disguise the sinister destruction of adversaries in the interest of capitalist profit. Here is his most interesting interview in January 2014 in which he discusses such scenarios in Serbia, Afghanistan, Iraq and forecasts what will be derived from the instability in Ukraine. Parenti leads numerous discussions on youtube but this was an interview with the Voice of Russia...


As a former Cold Warrior in the 70's-90's I can also point to many redeemable virtues of the Soviet system - I have casually studied for example their system of nature parks which were crafted under Lenin and in the long run restored (down to less than 50 individuals in the 1940's to more than several hundred in 2005) the vitality of the Amur (Siberian) tigers in the Far East. Their success in this 60 year endeavor resulted in the International Tiger Convention being held in St. Petersburg in 2010. Russians under the Soviets also succeeded in increasing the literacy of their population through a rich public education system. Their income disparity even under the communist system is/was a fraction of what the income inequality is in the US....


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Response to KoKo (Original post)

Thu Mar 27, 2014, 07:01 PM

10. Now that "Yats" has made agreement with IMF...what could be the consequences

of that Agreement with the Ukrainian Peoples. More Austerity but benefit for EU/US/Russia in this complicated Financial Situation.

Since the Ukrainian Government Overthrow President has done a Initiatory Deal with IMF/EU/ what does this mean to the Ukrainians and the Global Interests behind Crimea enfolded into Russia.

Interesting...they predicted ahead.

We shall see...

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