Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Ukraine Headed for Disaster

Politics / Ukraine Civil War Dec 21, 2014 - 04:14 PM GMT

By: Stephen_Lendman

Politics

Perfect storm conditions threaten Ukrainians. In Europe's heartland. Fascist dictatorship. Mass impoverishment. Growing deprivation.

Civl war. Potential economic collapse. Troubled nuclear reactors. Facing possible meltdown. More on this below.

Ukraine's economy is rife with problems. Potential bankruptcy looms. IMF aid caused more harm than good. Largely used to pay Western bankers. Wage war on Donbas.


Small amounts replenishing evaporating foreign exchange reserves. A portion for Russia gas supplies. Nothing for economic growth.

What Ukraine needs most of all. Other than ending its dirty war on Donbas. Rapprochement with Russia. Serving its people responsibly. Kiev governance is polar opposite.

Ruthless by any standard. Reckless. Out-of-control. Facing possible economic collapse. While US-led NATO supports its war machine. A dagger used against Russia.

Ukraine needs tens of billions of dollars in financial aid to avoid bankruptcy. Impossible if used largely to service debt. Wage war on Donbas. Do nothing to stimulate economic growth.

On December 9, the Financial Times (FT) headlined "IMF warns Ukraine bailout at risk of collapse," saying:

"…(A) $15bn shortfall" was identified. Western governments need to fill the gap "within weeks to avoid financial collapse."

IMF estimates "lay bare the perilous state of Ukraine's economy and hint at the financial burden of propping up Kiev…"

At a time of ongoing civil war. Resources used to wage it. Irresponsible governance.

Senior Western officials expressed little support for pouring additional billions of dollars down a black hole. At a time their economies are shaky at best.

According to the FT:

"People briefed on the IMF warning said the fiscal gap has opened up because of a 7 per cent contraction in Ukraine's gross domestic product and a collapse in exports to Russia, the country's biggest trading partner, leading to massive capital outflows and a rundown in central bank reserves."

Breakaway Donbas areas accounted for nearly 16% of Ukraine's economy. Without billions of dollars in aid, Ukraine has two choices.

Massively cut spending. Default on debt service. Or both. IMF rules require recipient countries meet their financial obligations over the next 12 months.

Ukraine falls way short. Massive corruption worsens things. Economic collapse looms. Obama's new friends are more liabilities than assets.

Challenging Russia may come back to bite him. Ukraine a black hole of trouble. Running out of money.

Exhausting its foreign exchange reserves. Economic crisis conditions worsening. At a time Fort Russ reports 15 Ukrainian nuclear reactors dangerously close to power loss. Disastrous if happens.

Ukraine can't pay its bills. It's running out of coal. Civil war continues. Economic collapse looms.

About half the country's coal mines aren't operating. Miners walked out. Left to protect their families and homes.

From "Kiev regime assaults." Supply roads were destroyed. Stability keeps deteriorating.

If "reactors lose power, and generators don't operate…uncontrollable temperature rises, explosions, meltdowns and meltthroughs" will follow, said Fort Russ.

Like Fukushima. Maybe worse. Given the number of troubled reactors. Erupting spent fuel pools spell disaster.

Anyone following Fukushima knows the catastrophic conditions caused. Possible similar trouble threatens Ukraine. Western media report nothing.

Fukushima nuclear radiation "threatens life on planet earth," Michel Chossudovsky explains.

Dumping "highly radioactive water into the Pacific Ocean constitutes a potential trigger to a process of global radioactive contamination."

Imagine if multiple Ukrainian reactors melt down like Fukushima. Eurasia would be affected. Maybe planet earth.

US-led NATO created potential catastrophe. Top priority is addressing it in time. So far it's ignored. The worst of outcomes may follow.

By Stephen Lendman
http://sjlendman.blogspot.com

His new book as editor and contributor is titled “Flashpoint in Ukraine: US Drive for Hegemony Risks WW III.”

http://www.claritypress.com/Lendman.html

He lives in Chicago and can be reached in Chicago at lendmanstephen@sbcglobal.net.

Also visit his blog site at sjlendman.blogspot.com and listen to The Global Research News Hour on RepublicBroadcasting.org Monday through Friday at 10AM US Central time for cutting-edge discussions with distinguished guests on world and national topics. All programs are archived for easy listening.

© 2014 Copyright Stephen Lendman - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in