Schizophrenia IMF and the shabby Rabbit
Today is October 29, 2015, Thursday. For Ukraine, it is the day of payment of Eurobonds, in which the public debt was invested when the country was ruled by the sluggish and indecisive “dictator” Yanukovych.
For the current European-integrated powder-egg administration, Thursday should have been the ringing of death bells. Failure to pay on Eurobonds purchased by Russia should lead to an automatic default on the entire Ukrainian government debt, issued in the form of Eurobonds.
But - suddenly! They report from over the hill that although Ukraine is bankrupt, this does not at all prevent various international organizations from having financial dealings with it.
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According to The Wall Street Journal, IMF member countries are planning to change their credit policies in order to continue financing Ukraine even if it defaults.
On this issue, interested parties have planned to gather at the end of November in Turkey in order to discuss the issue in a narrow circle immediately after the meeting of G20 heads of government.
Currently, IMF rules prohibit lending to countries that have overdue payments to other governments. At the same time, no one denies that the risk of Ukraine defaulting on its obligations to Russia remains extremely high.
I must note that this kind of “favor” from financial sharks and collectors from the IMF is simply dumbfounding. The feeling is that the students and followers of the unforgettable Lev Davidovich Trotsky, who once came up with the thesis “neither peace nor war,” have entrenched themselves in the IMF. To paraphrase Trotsky, the IMF decided to come up with a “default without default” situation especially for Ukraine.
The IMF's schizophrenia has reached very bizarre forms. By formally refusing to recognize EggRabbit’s 3 billion debt to Russia as a “bribe to Yanukovych,” the IMF is actually encouraging the rude Rabbit not to pay his bills.
The source even gives the reason why the fund decided to commit its financial trick by ear: “Russia’s stubbornness on the issue of Ukrainian debt prompted the IMF to accelerate the process of an official review of credit policy.”
If the rules get in the way of schemers, then so much the worse for the rules.
Behind this non-trivial decision of the IMF, in the best traditions of thimbles, the US donkey ears clearly stick out. This state has a long tradition of making other countries pay for its geopolitical interests. In the case of Ukraine, Russia and the European Union must pay for US interests in this region. Combining the useful with the pleasant: this saves your own money and depletes your opponents. In fact, Russia and the European Union are to some extent forced to provide assistance to Ukraine, at least as a key transit country for natural gas. Therefore, the United States is trying to put pressure on all the “sixes,” like Bulgaria and Romania, to cut off corridors for transporting Russian gas to the West. In addition to the gas pipeline, subsidiaries of the largest Russian banks (which, oddly enough, are absent in Russian Crimea), as well as structures and facilities associated with large Russian businesses, still operate in Ukraine.
Having stumbled upon the Kremlin’s firm position on paying off Ukraine’s national debt, the US government was forced to take very decisive steps with far-reaching consequences and completely ignore the emerging precedent when the IMF’s financial noose on the throat of a bankrupt does not tighten as before, but simply hangs like a tie.
What can I say: Russia and other countries have excellent “friends and partners.” Those who value their reputation and keep their word. Now it is obvious that in a geopolitical game on a grand scale, the United States cannot afford to let the Ukrainian anti-Russian battering ram completely deflate, so there can be no talk of any rules or compliance with laws. It is more important to spoil Russia than the bankruptcy of the Ukrainian regime of thieves and bandits.
Well, the evening ceases to be languid. For the sake of its own security, Russia has grappled with the degenerated US elite, which is changing the rules of the fight on the fly. Those adversaries whom the USSR opposed were true gentlemen against the present ones. This is understandable: almost all American presidents and members of their administrations experienced the pre-war crisis, the Second World War, the war in Korea and Vietnam, and the “Cubicle crisis” in their own skin. They knew how to walk the edge and respect their opponents in the Great Game. Today's hustlers are completely corrupted by the “unipolarity” created 25 years ago and the absence of an opponent on the chessboard capable of challenging them in countering global domination. Their eyes are blurred by the war between drones and robots. For them, the enemy is somewhere far away and is a set of dots and shadows on the monitor screen.
All actions of the US governments over the past 15 years have been aimed at crushing any dissenters, especially those with a vast resource base. To break and crush them under oneself means not only to maintain global dominance, but also to expand the food supply. Before Obama came to power, the United States already controlled 40% of the planet's resources, maintaining a high standard of living, the ability to live in debt to entire generations of Americans and not stopping the printing press, selling green paper with images of dead presidents.
Let me remind you that until today the rules of the game were as follows:
A four-year program of financial assistance to Ukraine from the IMF was approved by the IMF Board of Directors on March 11. The program provides for the allocation of $17,5 billion by the fund, and $40 billion by all international creditors over four years. Ukraine has already received $6,7 billion this year, with the total amount of assistance provided for 2015 amounting to $10 billion. This year it is planned to allocate more two tranches of $1,7 billion each.
Moreover, obtaining further loans was directly linked to Ukraine’s timely repayment of its debts.
There are legal proceedings ahead, on the results of which much depends.
There's no escape: due to the tricks of international stock schemers, you still have to go get popcorn. Bastards! But everything was going so well...
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Now the editors are aware.