There wasn’t anything unexpected at Obama’s news conference in the Hague today. There weren’t any awkward questions from the usual array of sycophant scribblers who are invited to attend such meetings and was no real variation of the hypocritical hyperbole from Mr President himself. Does anyone really take his “It is now up to Russia to act responsibly and show itself once again willing to abide by international rules and international norms.” seriously? It was,therefore a speech, however gratifying he might have found it, that the unelected Prime Minister of the Ukraine could afford to miss.
That is why it is no surprise to discover that Arseniy Yatsenyuk decided that it was more important for him to turn his attentions to the more pressing business of completing his country’s bailout talks with the IMF. Furthermore, with him describing his task as a, “kamikaze” mission, while saying the country is in a “great mess,” with an empty treasury, unpaid pensions and foreign-currency reserves having been “robbed”, there is at least some evidence to suggest that he has no illusions of what a “cap in hand” mission to the IMF in actual fact implies. Of course, that “awareness” will not change anything with the unelected Prime Minister has already decided that Kiev has “….. no other choice but to accept the IMF offer”.Therefore, it might be important to summarize the nature of what that “offer” will actually entail and what it means, of course, is that the majority of the population will become even poorer, while “a small corrupt and subservient political and economic elite”, will become richer. It is tempting to say that State assets will be transferred into the hands of foreign investors, but that is strictly speaking not true, after all, there will be very little real investment.
Indeed, with reports that the Ukraine’s gold reserves are being transferred to the United States it might be that the “big steal” has already begun. For while it might be politically expedient to think that either “the new ruling elite have stolen the gold bullion or perhaps their is a legitimate fear of the Russians taking possession of this bullion”, there is more than enough evidence to suggest that once the western banks get their hands on your gold, you are probably not going to get it back. Just ask the Germans or the Saudis ….. or the Iraqis, or the Libyans. Anyone else had their gold stolen recently? Yes, first your gold and then your country.