Tuesday, October 27, 2015

Phil Butler — Ukraine Gas Ring: Western Oligarchs to Take Charge

As you can see, the circle of credit-insurance-low liability becomes a perfect money filtering machine. This is not new mind you, the system has been in place since the fall of the Soviet Union. As was the case with La Cosa Nostra, or the Sicilian mafia in US lore, the system resembles racketeering, with everybody involved taking a piece of the pie. In the case of Ukraine, the pie is in fact the hard earned livelihoods of every-single-solitary Ukrainian citizen. They are the ones “guaranteeing” the oligarchs’ investment, which is in fact no investment at all. Now for the interesting part, let me tell you about the part where Western oligarchs take over. This is where the battle for Ukraine has been settled, not at a conference in Minsk, but high atop some skyscraper owned by fabulously wealthy men.…
New Eastern Outlook
Ukraine Gas Ring: Western Oligarchs to Take Charge
Phil Butler


Matt Franko said...

You cant get blood from a stone... these idiots are never going to get paid back... might as well start writing it off right now... from their perspective

Gas below $2 they have to s-ing their p's

Ignacio said...

They probably think gas prices will go up some day and will 'make it back'.

I don't see a new bullish commodity cycle in... many years, economy is going to shit and all those countries are going to end up being a cesspool (even more!).

Not the brightest bulbs... but some people has too much money for their own good. They will find a way to make it buy as the good mafiosi they are.