Western Looting Of Ukraine Has Begun — Paul
Craig Roberts
Western Looting Of Ukraine Has Begun
Paul Craig Roberts
It is now apparent that the “Maiden
protests” in Kiev were in actuality a Washington organized coup against the
elected democratic government. The purpose of the coup is to put NATO military
bases on Ukraine’s border with Russia and to impose an IMF austerity program
that serves as cover for Western financial interests to loot the country. The
sincere idealistic protesters who took to the streets without being paid were
the gullible dupes of the plot to destroy their country.
Politically Ukraine is an untenable
aggregation of Ukrainian and Russian territory, because traditional Russian
territories were stuck into the borders of the Ukraine Soviet Republic by Lenin
and Khrushchev. The Crimea, stuck into Ukraine by Khrushchev, has already
departed and rejoined Russia. Unless some autonomy is granted to them, Russian
areas in eastern and southern Ukraine might also depart and return to Russia.
If the animosity displayed toward the Russian speaking population by the stooge
government in Kiev continues, more defections to Russia are likely.
The
Washington-imposed coup faces other possible difficulties from what seems to be
a growing conflict between the well-organized Right Sector and the
Washington-imposed stooges. If armed conflict between these two groups were to
occur, Washington might conclude that it needs to send help to its stooges. The
appearance of US/NATO troops in Ukraine would create pressure on Putin to
occupy the remaining Russian speaking parts of Ukraine.
Before
the political and geographical issues are settled, the Western looting of
Ukraine has already begun. The Western media, doesn’t tell any more truth about
IMF “rescue packages” than it does about anything else. The media reports, and
many Ukrainians believe, that the IMF is going to rescue Ukraine financially by
giving the country billions of dollars.
Ukraine
will never see one dollar of the IMF money. What the IMF is going to do is to
substitute Ukrainian indebtedness to the IMF for Ukrainian indebtedness to
Western banks. The IMF will hand over the money to the Western banks, and the
Western banks will reduce Ukraine’s indebtedness by the amount of IMF money.
Instead of being indebted to the banks, Ukraine will now be indebted to the
IMF.
Now
the looting can begin. The IMF loan brings new conditions and imposes austerity
on the Ukrainian people so that the Ukraine government can gather up the money
with which to repay the IMF. The IMF conditions that will be imposed on the
struggling Ukraine population will consist of severe reductions in old-age
pensions, in government services, in government employment, and in subsidies
for basic consumer purchases such as natural gas. Already low living standards
will plummet. In addition, Ukrainian public assets and Ukrainian owned private
industries will have to be sold off to Western purchasers.
Additionally,
Ukraine will have to float its currency. In a futile effort to protect its
currency’s value from being driven very low (and consequently import prices
very high) by speculators ganging up on the currency and short-selling it,
Ukraine will borrow more money with which to support its currency in the
foreign exchange market. Of course, the currency speculators will end up with
the borrowed money, leaving Ukraine much deeper in debt than currently.
The
corruption involved is legendary, so the direct result of the gullible Maiden
protesters will be lower Ukrainian living standards, more corruption, loss of
sovereignty over the country’s economic policy, and the transfer of Ukrainian
public and private property to Western interests.
If
Ukraine also falls into NATO’s clutches, Ukraine will also find itself in a
military alliance against Russia and find itself targeted by Russian missiles.
This will be a tragedy for Ukraine and Russia as Ukrainians have relatives in
Russia and Russians have relatives in Ukraine. The two countries have
essentially been one for 200 years. To have them torn apart by Western looting
and Washington’s drive for world hegemony is a terrible shame and a great
crime.
The
gullible dupes who participated in the orchestrated Maiden protests will rue it
for the rest of their lives.
When
the protests began, I described what the consequences would be and said that I
would explain the looting process. It is not necessary for me to do so. Professor Michel Chossudovsky has explained the IMF looting process along with much history here:
http://www.globalresearch.ca/regime-change-in-ukraine-and-the-imfs-bitter-economic-medicine/5374877
would explain the looting process. It is not necessary for me to do so. Professor Michel Chossudovsky has explained the IMF looting process along with much history here:
http://www.globalresearch.ca/regime-change-in-ukraine-and-the-imfs-bitter-economic-medicine/5374877
One
final word. Despite unequivocal evidence of one country after another being
looted by the West, governments of indebted countries continue to sign up for
IMF programs. Why do governments of countries continue to agree to the foreign
looting of their populations? The only answer is that they are paid. The
corruption that is descending upon Ukraine will make the former regime look honest.
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