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Islamist extremists now control Syrian city of Idlib...

China, Kazakhstan sign 33 deals worth of 23.6 billion U.S. dollars...

China to invest $500 billion in other countries’ economies by 2020 - President Xi Jinping...

Putin Urges Peaceful Resolution of Arab Crises Without Foreign Involvement...

Iran Ready to Continue Nuclear Talks, But No End in Sight Yet...

Explosions in South Yemen Arms Depot Kill at Least Nine...

US making ‘no practical steps’ to ratify Nuclear Test Ban Treaty - Russia...

Russia to apply for China-led infrastructure bank AIIB - Deputy PM...

Russia supplies 300 million cubic meters of gas to Ukraine’s Donbas - Energy Minister...

Iran, Major Powers 'Close' To Agreement On Nuclear Accord Document - Source...

Houthi Fighters in Yemen Move Artillery to Border With Saudi Arabia...

Poroshenko’s fortune estimated at $750 million - Forbes-Ukraine...

Russia urges Ukraine to lift blockade of Donbas - Russia’s ambassador to OSCE...

DPR hands over bodies of 22 dead troopers to Ukraine...

Moscow, Washington Share Similar Views on Iran Deal - Foreign Ministry...

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Events in Greece Could Follow the Cypriot or Argentine Scenario

...With the debt and financial situation the way it is, Brussels (EU), Frankfurt (ECB) and Washington (IMF) can hardly risk making drastic decisions regarding Greek debt. After all, the response could be a declaration of default on the Greek government’s obligations, which total around €320 billion. It would be more than enough to cause a chain reaction involving the bankruptcies of European banks and companies which, in turn, could bring on government defaults and the collapse of the house of cards known as the European Union...

Valentin KATASONOV | 26.03.2015


 

Program of Assistance to Ukraine – IMF and Kiev Join Together in Bluff Effort

US Franklin Resources, an American holding company, is the largest holder of Ukraine’s bonds... Franklin Resources company belongs to «financial vultures» which don’t restructure debts. They normally undermine the accords on restructuring reached with other investors... The Ukraine’s debt restructuring program will not yield the expected $15, 3 billion. It means that Ukraine may not get the next $5 billion tranche and the whole program so much praised and publicized by the International Monetary Fund may become just another example of financial impracticable scheme...

Valentin KATASONOV | 22.03.2015


 

The Raiding of Ukraine’s Gold

...The falsification of gold reserve statistics began in the 1990s and was designed to conceal illegal gold transactions which involved, among others, the Bank of England and the Federal Reserve Bank of New York. Falsified statistics allow the theft of gold from the reserves of central banks and treasuries and its relocation to the vaults of the largest private funds and banks to be covered up... There is speculation that this is what has been done with Ukraine’s gold reserves...

Valentin KATASONOV | 14.03.2015


 

Ukraine - Country Ruled By Most Corrupt Regime in the World

If somebody asked those who joined the Maidan protests a year ago what were the reasons for doing so, they would probably say that the rampant corruption was the last straw. The protests have become a thing of the past, the government has changed, and corruption has spread to be become practically all-pervading. The corruption in Ukraine is a unique and unparalleled phenomenon. The old hierarchic corruption system had its own rules and restrictions. Now corruption has no boundaries going out of running control...

Dmitry MININ | 07.03.2015


 

Dollar Imperialism, 2015 Edition

 “The dollar is our currency, but it’s your problem.” This is what US Treasury Secretary John Connally said to his counterparts in the Rome G-10 meeting in November, 1971, shortly after the Nixon administration ended the dollar’s convertibility into gold and shifted the international monetary system into a global floating exchange rate regime. The world has been suffering from this “problem” ever since the US obtained the “exorbitant privilege” of issuing the world’s reserve and trade currency under the Bretton Woods system after WWII.

EDITOR'S CHOICE | 06.03.2015


 

Reasons for Hryvnia’s Collapse

By the end of «black Wednesday», Feb. 25, the Ukrainian currency exchange rate went down to 33 hryvnias to the dollar and never bounced back. It also plummeted as low as 50-60 hryvnias at the black market to stay there. The official rate was around 15 hryvnias to the dollar in mid-February... In general, the reason for the currency collapse is the economic crisis transforming into a national disaster. Ukrainian Prime minister Arseniy Yatsenyuk has acknowledged recently that the economy dropped 20 % in 2014... According to the recently published forecasts, the GDP is to fall by 5, 5 % in 2015. The yearly inflation is estimated to be 25-26%. The crisis has also spread to banks...

Valentin KATASONOV | 02.03.2015


 

Ukraine Denouement

The fate of Ukraine is now shifting from the military battlefield back to the arena that counts most: that of international finance. Kiev is broke, having depleted its foreign reserves on waging war that has destroyed its industrial export and coal mining capacity in the Donbass (especially vis-à-vis Russia, which normally has bought 38 percent of Ukraine’s exports). Deeply in debt (with €3 billion falling due on December 20 to Russia), Ukraine faces insolvency if the IMF and Europe do not release new loans next month to pay for new imports as well as Russian and foreign bondholders.

EDITOR'S CHOICE | 17.02.2015


 

IMF Loans to Ukraine: Aimed at Total Destabilization

On February 12, Christine Lagarde, Managing Director of the International Monetary Fund, announced that the IMF had reached an agreement with the Ukrainian government on a new economic reform program. Ms Lagarde’s statement, made in Brussels, came only minutes after peace negotiations between the heads of the German, French, Russian und Ukrainian governments in Minsk, Belarus, had ended.

EDITOR'S CHOICE | 17.02.2015


 

Greece Eurozone Exit Is In The Wind. Is it A Harbinger of EU Disintegration Process?

One of the issues to hit the news in early 2015 is the possibility of Greece leaving the eurozone, or, even, the European Union. German weekly Spiegel reported that Chancellor Angela Merkel now believed that the eurozone could cope with Athens leaving the common currency in case the Coalition of the Radical Left (SYRIZA) wins the January 25 parliamentary election. Rejections followed (allegedly Chancellor Merkel said something else) but there is no smoke without fire. The Greece eurozone exit has been in the wind since a long time. On the one hand, it can remedy the eurozone economic situation. On the other hand, the very fact of such a possibility being discussed could be perceived as a harbinger of EU disintegration process about to kick off... 

Valentin KATASONOV | 13.01.2015


 

Capital Controls: Global Experience

...In the 1997-1998 the countries of South East Asia had to counter the activities of financial speculators acting in accordance with the prescriptions of the International Monetary Fund. They resorted to currency interventions spending the money taken from currency reserves. With the reserves depleted they turned to world lenders. There they had the International Monetary Fund with its sickly and threadbare Washington consensus dragging them into a vicious circle. All of a sudden one country got out of it. Malaysia led by Prime Minister Mahathir bin Mohamad’ introduced capital controls. It banned currency operations related to cross border capital flows. The measure was a direct challenge to the International Monetary Fund and its backroom owners...

Valentin KATASONOV | 22.12.2014




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OUR COLUMNIST
    Nil NIKANDROV

Latin America, China and USA

...China has been cooperating with Latin America in the field of space research for many years. Chinese state-owned company China Great Wall Industry Corporation and the Venezuelan government have signed an agreement to build and deliver into orbit Venezuela's third satellite. It’ll be used for intelligence gathering... China plans to build an antenna for deep space observation in Argentina's southern Patagonia region in Neuquen province. It also takes part in the Latin American effort to boost its defense capability. Chinese experts help Venezuela to produce drones for monitoring the Amazonian region...

29.03.2015
 
 
 
 
 
 
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