If you look at the track record of the interventionists you might think they
would pause before taking on more projects. Each of their past projects has
ended in disaster yet still they press on. Last week the website Zero Hedge
posted a report about hacked emails between billionaire George Soros and Ukrainian
President Poroshenko.
Soros is very close to the Ukrainian president, who was put in power after
a US-backed coup deposed the elected leader of Ukraine last year. In the email
correspondence, Soros tells the Ukrainian leadership that the US should provide
Ukraine "with same level of sophistication in defense weapons to match the
level of opposing force." In other words, despite the February ceasefire, Soros
is pushing behind the scenes to make sure Ukraine receives top-of-the-line
lethal weapons from the United States. Of course it will be up to us to pay
the bill because Ukraine is broke.
But Soros seems to have the money part covered as well. In an email to Ukrainian
leaders, he wrote that Ukraine's "first priority must be to regain control
of financial markets." Soros told Poroshenko that the IMF would need to come
through with a $15 billion package, which was confident would lead the Fed
to also come through with more money. He wrote: "the Federal Reserve could
be asked to extend a $15 billion three months swap arrangement with the National
Bank of Ukraine. That would reassure the markets and avoid a panic."
How would the Fed be convinced to do that? Soros assured Poroshenko: "I am
ready to call Jack Lew of the US Treasury to sound him out about the swap agreement."
So George Soros will use his influence in the US government to put the American
people on the hook for a bankrupt Ukraine -- forcing us to pay for weapons,
more military training, and Ukraine's crippling debt.
Who is thrilled with Soros' drawing the US government into more intervention
in the region? The military-industrial complex for one is happy at the prospect
of big weapons "sales" to Ukraine. The bankers are thrilled. Washington power-brokers
are thrilled. There is something in this for everyone who is politically well-connected.
The only losers are the people who will be forced to pay for it, the American
taxpayers.
No one seems to ask why we are involved in Ukraine at all. Is it really any
of our business if the east wants to break away from the west? Is it a vital
US interest which flag the people wish to hang in Donetsk?
One thing we should be sure of is that Ukraine's debt will not be paid. As
in other bailouts, much of it will be transferred to the US taxpayer through
the IMF and the Federal Reserve. All of this is only possible because of the
perception that the dollar is still the world's reserve currency. But this
too is coming to an end. US military and financial interventionism worldwide
are only speeding up the process.