IMF approves $17.5 billion "aid" package to Ukraine. Let the plunder begin.

"Loan approved." Haha. Like it was never going to happen in the first place? Of course it was.

How many times do we have to see this to know that it's the biggest ripoff scam in history? The IMF, for decades now, has been the duly established "agent" of Western oligopolistic interests. It was established by these robber barrons so that they can pull off the same scam over and over and over again and look semi-legitimate while doing it. Pad your executive board with the likes of Harvard economists and high level policy figures--a veritable Who's Who that looks like a roster right out of a Bilderberg Group meeting.

Anyway, here's how it works: First the Wall Street bankers and financial predators come in and burden down a country with massive amounts of debt that they're never going to be able to repay. Of course it is all put on them by means of highly sophisticated and established schemes of fraud that the finance criminals have honed over generations.

After that when the country goes broke, they get a regime change, usually with the help from the CIA and the US State Department. A "new government" (read: puppet, US installed oligarch, big-business friendly mafia) is installed and that leads to them asking the IMF for "help." The IMF then offers mafia style loans with usury interest and terms like forced, firesale privatizations of national wealth to the very same people and their accomplices that got them in the mess in the first place. Everything is liquidated. That means public infrastructure, raw materals, plants and equipment, pension funds...everything that can be stolen is stolen with the US courts and even the threat of the US military assuring that the transfer takes place whether the people like it or not.

In the end, the citzenry is left, stripped naked, demoralized, with any semblance of democracy in tatters and wrecked politically, economically and socially while the 1% just got a lot richer.

This is what you bargained for, Ukraine. It's a well-oiled scam with the US military providing the muscle.

At This Rate, A Return To "LIAR'S LOANS" Will Be Falsely Touted As A Credible Solution?

   (Commentary posted by Roger Erickson)

Consumer credit (keeps coming back to fiscal)

Once there are no more private savings to borrow and - credibly - invest ... then what?

Go back to spending & distributed investment of future public currency credits not yet partially clawed back, aka, "fiat" - or public initiative?

Or, persist in borrowing accumulated demand leakages ..... and hope to generate compound growth of a currency supply, while simultaneously constraining that supply?

We've done both before, with differing results.

Decisions, decisions. ...... will the next one be rational & honest, or fanciful & deceitful?

US & EU Both Pledge "1 billion" ($/euro) Loan Guarantees For Ukraine - While Pledging Nothing More For Their Own Electorates

   (Commentary posted by Roger Erickson)

Loan Guarantees For Ukraine

This raises two sets of questions, about what we're doing domestically, and why, compared to what we're doing internationally, and why. Initial questions about why domestic US/EU electorates can't guarantee fiat investment in themselves, and instead submit to austerity ... is exceeded only by the sheer number & depth of half-truths, mis-conceptions and outright lies included in this article.

Example? Reduced tariffs go directly back to the exporter? No, that only reduces costs for the importing consumers (maybe only the intermediary merchants), and MAY increase the volume of exports being extracted from the "beneficiary" country. In reality, look for more EU/US firms to set up subsidiaries in the UK, and move yet more jobs from serfs in receiving countries to even lower-paid serfs in sending countries being looted. Can you say "internal devaluation?"

Where have we heard this story before?

Read on, & decide for yourself what these loan guarantees really imply.

There's a theme to the last 40 years? When electorates cede all governance to their merchant classes, they get what they claim was unpredictable ... less innovation, invention & leadership ... and more risk control, "management" and stagnation.

What, exactly, WOULD the Desired Outcome for national policy be, if we bothered to survey our actual citizens? Can we pick some worthwhile goals FOR OURSELVES, and go for them, instead of merely managing existing risks? Forget defense & offense, the best cultural evolution is an active Adaptive Rate?