Ukraine Snubs Bailout from Corporate Bankers, Goes with Bailout from Russia

Discussion in 'Politics' started by InTheLight, Dec 17, 2013.

  1. InTheLight

    InTheLight
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    There is a certain poster on BB that claims that governments are beholden to multi-national corporations and that international bankers basically run the world.

    So he might be shocked to learn that the Ukraine has snubbed a bailout plan from western bankers and instead went with a deal from the government of Russia.

    MOSCOW — Playing a trump card in his diplomatic contest with the West over Ukraine, President Vladimir V. Putin said Tuesday that Russia would come to the rescue of its financially troubled neighbor, providing $15 billion in loans and a sharp discount on natural gas prices.

    For the moment, however, Mr. Putin seemed to gain the upper hand over Europe and the United States in their contest for influence.

    Mr. Putin’s rescue package provided a stark contrast to the I.M.F., which had offered help to Ukraine but was in turn demanding major macroeconomic reforms, including a reduction in domestic gas subsidies and some tough austerity measures.


    http://www.nytimes.com/2013/12/18/world/europe/russia-offers-ukraine-financial-lifeline.html?_r=0
     
  2. poncho

    poncho
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    Still having trouble with a very simple concept eh?

    The hand that gives is greater than the hand that receives. Any govt that chooses to borrow money from a private banking cartel that creates money from nothing is but a beggar forced to pay interest on thin air.

    I use the word "chooses" here because our government "chooses" to run up a tab + interest with a private banking cartel rather than issue it's own interest free currency which the constitution has empowered it to do.

    I say kudos to Ukraine for telling the IMF to pound salt.
     
    #2 poncho, Dec 17, 2013
    Last edited by a moderator: Dec 17, 2013
  3. thisnumbersdisconnected

    thisnumbersdisconnected
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    Because of the "snuggling up" to historically bad precedents, one man has decided to give up a very lucrative career and go home to do something about it.

    Klitschko puts his finger on the problem that is duplicated in the U.S. Corporations aren't the problem. Money is the problem. You can get individuals to buy elections, politicians, judges, etc. Corporations find it much more difficult to justify the billions it would take to "own" a government. The problem is individual influence-buyers and influence-peddlers. Corporations are too busy being responsible to stockholders.
     
  4. poncho

    poncho
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    So that's why the supreme court just gave corporations the okie dokie to buy politicians.

    "Corporations are people too my friend" Mitt Romney.
     

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