Ukraine debt Archives

In understanding what VP Biden and Hunter Biden might be able to offer China in the tete-a-tete of 2013, one needs to know what China considers to be their biggest threat – in that time, aka Trump and trade did not yet exist.

The media is going bat-crazy over Ukraine. That means Ukraine is a deflection. China is the story.

According to a paper issued by Brookings in early 2014, China’s economy was faltering, they were at a “tipping point”, and the entire political system was hinging on collapse.

They cited necessary economic reforms including deregulation and liberalization of industry, and an interesting bottom point – ‘taxation’.

In China, local governments get no tax revenues, instead they issue debt bonds to cover costs of infrastructure and investment programs. These debt obligations are off the books when China reports its economic data. It is believed that as of 2013, that debt represented 100% of GDP. Social unrest was escalating. And the collapse of private funding was pushing China into a spiraling catastrophic spin. XI was VP, and Biden road in on a yellow horse.

SO what could VP Biden as the US advisor on all things China do to mitigate this impending disaster for a country he routinely seems to spin adoration commentary?

Deutsche Bank and BNP Paribas have been given full access to the debt market in China. They are the first and ONLY banks to have such access. And in August, JP Morgan won an auction to purchase a majority stake in a “Chinese joint venture, making it the first foreign business to take control of a local asset management JV.”

What does that mean?

It means that China was so desperate given its failing economy and debt, that it allowed the dyke to rush in and take control. The waters would include JP Morgan, the largest bank in the world owned mostly by the Rockefeller’s and Chase, BNP – a Rothschild entity, and Deutsche Bank – the German steam engine. Xi Jinping sold out his country to the cabal – to seemingly save it.

And due to massive censorship, it is likely the people of China – don’t even know.

How could little VP Biden maneuver this clandestine takeover?

IN 2011, while in China, Biden is quoted as saying, “A rising China is a positive development, not only for the people of China but for the United States and the world as a whole,” U.S. Vice President Joseph Biden said recently when giving a speech on U.S.-China relations in Chengdu, China.

In his speech, Biden specifically grandizes four companies; Google, Microsoft, GE and Ford. He further exploits his apologetics by stating that Americans are nothing special, nothing unique, if not for ‘our enduring political system’.

Why is Biden an important candidate? Because from the standpoint of the megaconglomeration of banks and Wall Street, Biden supports China, and China means kega $$$$ for those entities. And Germany.

Elizabeth Warren is a nobody who knows nothing. Bernie Sanders is a Communist who knows nothing and can do nothing. But Biden created a relationship as VP, and while the $1.5 billion laundered money thrown at Hunter was likely not from China at all, but from JP Morgan, Deutsche Bank and BNP, they expect something from their ‘investment’. If Biden is brought down by Trump, they have no China. Lots of MONEY!

In the meantime, Google and Microsoft are helping Xi Jinping with facial recognition software to find Muslims who they are rounding up and transporting by train to ‘camps’, detention centers. Tit-for-Tat. Nothing is free, but despite the inhumanity of man, dollars always win.

China’s other major issue is loss of agriculture land, and a hyper loss of water. Giving China control of the agriculture in Ukraine would be an easy parlay given the infiltration of a puppet President, Poroshenko.

IN 2020, China will surpass Russia as Ukraine’s largest trading partner, ‘a staggering increase since 2014’! ~South China Morning Post.

At the same time, Ukrainian businessman Igor Kolomoisky, is demanding that western nations ‘forgive’ all of Ukraine’s debt. The US portion? $82.4 billion. Most of this debt occurred as a result of the coup that installed the Chocolate monster.

With a VP like Biden, who needs Hillary!

The nice package means China has a new debt free trading partner, Ukraine hands over it’s agriculture land, the US eats $83 billion, and Hunter gets to clean the plate with more payments after Joey becomes President and the final agreement is fulfilled.

But hey, according to Biden, Trump is creating a smear campaign and Biden would never ever pinky swear do anything so lowly as to defame another politician – least of all – TRUMP!

July 31, the IMF gave Ukraine more money, the ante coming in at $6.68 billion so far. In a statement justifying the money based on criteria of achievement, the IMF claimed:

“The Ukrainian economy remains fragile, but encouraging signs are emerging. In recent months, the exchange rate has stabilized, domestic-currency retail deposits have been increasing, and the pace of economic decline is moderating. Continued prudent policies and further reforms should allow the economy to turn the corner and growth to resume in the period ahead.”

Really? Few sources would agree. In fact, the IMF was required to downgrade it’s forecast considerably from 5.5% to -9% with 46% inflation. In essence the IMF simply turned a blind eye and pretended that shoving money into the economy was ‘working’. Still Ukraine has said it will default on its coupon payment of $500million, $200m of which is supposed to be footed by PrivatBank. Why?

What happened to the $6.68 billion? Do they have to make an accounting of these funds? What is it used for?

Tangled Web:

There have been some drubbings that Ihor Kolomoyskyi, a majority owner of Ukraine’s PrivatBank has been the recipient of IMF deposits that have possibly been misappropriated, a legal term for – disappeared.

He also is apparently the central owner of Burisma Holdings, the company awarded to Hunter Biden and Devon Archer (Kerry’s son-in-law) with another notable Director, the former president of Poland. Of the IMF funds deposited in the bank, roughly $1.8billion has been lost in the translation…

But the IMF, the US, don’t seem to mind despite the information coming to light in September 2014 when Kolomoyskyi was governor of Dnipropetrovsk where the suspicious activity initiated. He was later forced to resign, but the investigation by Interfax Ukraine did not proceed until recently when the news media began to take note.

Four days after the IMF agreed to the additional $1.7 billion relief to Ukraine, it released a statement that Ukraine’s bailout faces “significant uncertainty”. In other words, all the money given – may be lost. Still, in another article, economists claim that the economy has stopped contracting, it’s exchange rate has stabilized and domestic deposits have increased. Statements are polar opposite, conflicting and evasive! And no one raises an eyebrow.

In fact, the economy is far worse than predicted, inflation is out of control, protests continue, bombing continues, human rights violations continue, and of course, corruption is rampant. So let’s all agree to give them – more money…

While the IMF wanted 40% of it’s face value debt wiped away, just four of it’s creditors agreed to 20% which amounts to less than $2 billion. And at that, they were less than happy to concede. Who are the creditors? Franklin Templeton is the largest bond holder at $4 billion, BTG Pactual of Brazil, TCW Investment Management Company, and T. Rowe Price hold about $5billion. Blackrock and others are not so forthright in coming forward for negotiations or transparency. Russia has refused to negotiate and owns $3 billion. The total debt is estimated to be $129 billion.

So basically, the IMF agreed to give Ukraine $1.7 billion additional aid which will in essence be paid by Franklin Templeton, T Rowe Price, TCW Investment, and BTG Pactual.

Again -where does the money go? What does it pay for?

Keiv submitted its 2016 budget proposal at roughly $25 billion with apparently, little to no detail. When asked for detail, the Finance Minister said that information wasn’t available. What?? According to it’s 2015 budget, it runs a 10.5% deficit. In addition, while budgeting for military spending increased 100%, spending was cut for education and science. Does not sound prosperity driven to me…

In 2015, Ukraine saw exports virtually collapse, levels have been reduced to those reflected in 2010. Doesn’t speak of a recovery to me. Over the past year it’s gold reserves are roughly half at 23 tonnes (1 tonne = about 35,274 ounces at $1128 each = gold reserves of $915,148,656). But even that number is filled with mixed media hype and hypocrisy. It was reported in 2014 that the US took control of 40 tonnes of Ukraine’s reserves, which would have accounted for ALL the gold. So, whether the 23 tonne figure is accurate is up for debate.

Bottom line, there is currently no accounting for where Ukraine spends it’s IMF money, no accounting for their gold, and no accounting for their central bank deposits. There is no accounting for exactly who holds their debt and how much. And Ukrainian ministers continue to ‘decline to talk’ or answer any questions in this shadow of transparency.

Gee, this is much better than it was before…