10/27/08

Debt Rattle, October 26 2008: Merciless

Ilargi: The IMF has agreed on a $16.5 billion loan for the Ukraine. After seeing the terms demanded for a loan to Pakistan, which costitute a de facto economic take-over of that nation, one must wonder what the terms for the Ukraine are. Since the country looks to be two steps away from a civil war, there's no doubt that strict 'guarantees‘ have been built in, as well as interest rates worthy of credit card issuers. Kiev has signed away its independence as a nation.

History has shown us time and again that the IMF and the World Bank have one objective only: power over countries, their populations and most of all their resources. In name they are international organizations created for the benefit of struggling economies. In reality they are 100% controlled by the US government and American corporations eager to benefit from countries’ economical problems.

Peacenik survived his off-grid adventure on the weekend and returned to civilization to discover that civilization still exists. But bad news continues do dominate. More countries -- that's right, countries, not companies -- need bail outs; the U.S. military adventures into Syria; the Hong Kong index is down 12 percent overnight; the U.S./Nato continues to eye the Ukraine and in doing so rattles the Russian bear's cage. Oh, and Russia may be broke too.

On the bright side, the Leafs looked very good in trouncing Ottawa.