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Isn't the idea of extending foreign denominated credit ($US) to Ukraine to force them to sell anything and everything they have to the international market to earn $US dollars to satisfy the debt?
Not to mention that such debt is more often than not accumulated to satisfy western arms sales.
In doing so, they use agents such as the IMF etc, to enforce draconian policies that enrich the few at the expense of the many.
A relatively small amount of foreign denominated debt is a small investment to gain control of and access to trillions in resources.
Ukraine is a country that is rich in real resources and the best farmland in Europe. Financially and socially it is a basket case and ripe for the picking. Michael Hudson has been writing about this for some time. Now the time is here.
6 comments:
Double dipping?
Don't forget also Tom they have $130B+ external debt still out there:
http://data.worldbank.org/indicator/DT.DOD.DECT.CD
The big thing with these "wages & debt" type people is that they always want to be paid back....
rsp,
She's clearly been put in there to ensure that you know who gets paid back on time with interest.
How stupid could they be to loan Ukraine $140B in the first place?
Reinforces my ongoing general underlying point that we are not dealing with the sharpest tools in the shed with these people...
rsp
Isn't the idea of extending foreign denominated credit ($US) to Ukraine to force them to sell anything and everything they have to the international market to earn $US dollars to satisfy the debt?
Not to mention that such debt is more often than not accumulated to satisfy western arms sales.
In doing so, they use agents such as the IMF etc, to enforce draconian policies that enrich the few at the expense of the many.
A relatively small amount of foreign denominated debt is a small investment to gain control of and access to trillions in resources.
Ukraine is a country that is rich in real resources and the best farmland in Europe. Financially and socially it is a basket case and ripe for the picking. Michael Hudson has been writing about this for some time. Now the time is here.
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