Echoes and Rhymes

Fri, Feb 21, 2014 - 7:50pm

It all started with a group of idealistic, and somewhat hot-headed kids. The national association of college and university students met on cold late-autumn afternoon at the University of Engineering, while local chapters of various other schools held concurrent meetings throughout the capital and the rest of the country.

There was a palpable sense of impatience, urgency and desire to finally ACT to change things for the better. These kids were born into and grew up in an era whose social values had become anathema by the time they came of age. They had lived through the full horror of WWII, being occupied by both Germany and USSR, hosting a fascist government and a neofeudal constitutional monarchy with a regent as dictator. Their parents and grandparents had been bent into acquiescence with one corrupt, exploitative and fundamentally unjust regime after another. The social structure that awaited them outside the gates of their respective institutions of higher learning was one rife with cronyism, graft, backwardness, political brinksmanship, selective application and enforcement of the law.

V for Vendetta: The Revolutionary Speech (HD)

While losing some of its power in translation, their manifesto included something along these lines:

The aim of the alliance is to ensure that the youth graduating from our colleges and universities, who are destined to represent the best and brightest of society, be a brave, spirited legion fighting for its people, its nation and a happier tomorrow – rather than a cowardly, spineless and selfish mob. We should never be afraid to speak the truth, and always aim to serve society with our skills, knowledge and talent.

A popular former prime minister had been removed from power and marginalized (in part) due to direct pressure from Moscow. Neither were perfect, both worked within the existing system (and thus can be said to have perpetuated and deepened it) -- but they represented to many a stifled attempt at reform, which was cut short by imperial pressure.

The country was being forced into an ever-more-dependent satellite/serf status under the heel of the Russian Bear. The economy was stagnating, due in large part to central planning, gross misallocation of national resources and plain crony theft. Neighboring countries had in recent years been successful in skirting out from under the direct influence of the Neo-Russian Empire, and the possibility of aligning with the West, more specifically with Europe, was a huge factor on everyone’s minds. NATO had recently been expanded, and ever-more-directly threatened the Kremlin’s sphere of influence.

The activists decided to march to a symbolic, central square in the capital, in what was at first a relatively small early demonstration

That then swelled to a massive crowds of hundreds of thousands...

The manifestos of the demonstrators were read. While Ukrainian demands started out focused and relatively restrained (demanding a resumption of negotiations on EU accession process), they eventually morphed into a demand for regime change. The idealists in Budapest started out by demanding regime change, along with Soviet troop withdrawals, neutrality and constitutional reform.

Statues of dictators that were the embodiment of decade(s) of oppression and murder were toppled (Josef Vissarionovich and Vladimir Ilyich, respectively):

(Video -

Barracks were overrun, armories were emptied. This gentleman was a young colonel sent to retake a demonstrator-occupied central garrison in Budapest, who decided to join the revolution instead with his entire unit. He was briefly appointed Minister of Defense, a post he held until his capture and summary execution.

Supporters of the opposition this week overran an Interior Ministry garrison near Lviv, in western Ukraine, and captured its armory. It was unclear whether any of the commandeered weapons were being used Thursday in the fighting in the capital.” -- NYTimes

Some initial successes against armored cav/infantry were achieved, using minimal/light weaponry:

The Regime made initial concessions to revolutionaries – the previously deposed Prime Minister was reinstated, negotiating committees were set up to begin drafting reforms*. Soviet troops began to withdraw, a shaky truce* was established, elections were promised*. The Politburo in Moscow made an initial decision to back off, allow self-determination, and a respect of the country's sovereignty*, and to consider the permanent removal of occupying troops.

(*- any of this sound familiar from current parlance used by the Ukrainian president, US/Russian .gov leaders and mouthpieces?)

Historians debate as to the relative importance of a) Hungary’s stated intent to declare neutrality and withdrawal from the Warsaw Pact, b) pressure from Chairman Mao to crush the uprising, c) the backing down of the US and its preoccupation with the concurrent Suez crisis, or d) the simple need to maintain the image of Soviet power without possible dissent. Perhaps it took the officials in Moscow about a week to realize that when the people were hanging Secret Police thugs in the streets and demanding trials for all current governement officials and Party functionaries, the situation had moved beyond 'modest reform efforts'. Whatever the reason, the tide shifted the next week – the orders were issued to swiftly stamp out the mutiny.

In the background, Eisenhower communicated to Khrushchev that the US was not "looking for new allies in Eastern Europe". Party functionaries were selected by the Kremlin to be the faces of the ’next government’ – and flown by the Soviet ambassador to Moscow. They were presented with a Faustian bargain*: either return to their country and assist Soviet troops in crushing the rebellion and reestablish order, or remain in custody in Moscow indefinitely. As you may guess, they opted for the former. 17 armored divisions of the Red Army (after the initial burnouts, air-intakes were armored over) did not have much trouble overrunning a minimally equipped and poorly led local military, or the few thousand civilian resistance fighters. All the while Radio Free Europe exhorted locals day and night to keep up the resistance, the UN and NATO could hardly fail to intervene, the corrupt Soviet communist state was far weaker than people imagined and would collapse any day now, etc.

(* - Remember when opposition leaders were offered cabinet posts in Ukrainian government just a few weeks ago?)

What happens when people stand up to people with guns

The most recent developments out of Kiev are promising, it seems at least an interim agreement framework has been hammered out – addressing most if not all of the demonstrators’ demands (notably, the immediate resignation of Yanukovych is not on the table). However, Russia has also shut the fiscal spigot without which Ukraine teeters on the edge of bankruptcy, as per the S&P – and at least a handful of bank runs are already underway. Even the EU seems to be making (somewhat token) sanctions against Ukraine, as we all know how much those generally hurt the groups in power. And some public notices have been given that Russia will not sit idly by if the territorial integrity of Ukraine is compromised – which would by definition threaten strategic interests.

The ultimate irony? The international agreement guaranteeing Ukraine's security, signed by the USA, Russia and the UK is known as the Budapest Memorandum of 1994. It was issued as a precondition to Ukraine surrendering its portion of the ex-Soviet nuclear arsenal:

The United States of America, the Russian Federation, and the United Kingdom of Great Britain and Northern Ireland, reaffirm their commitment to Ukraine, in accordance with the principles of the CSCE Final Act, to respect the Independence and Sovereignty and the existing borders of Ukraine.

[aforementioned countries] reaffirm their obligation to refrain from the threat or use of force against the territorial integrity or political independence of Ukraine, and that none of their weapons will ever be used against Ukraine except in self-defense or otherwise in accordance with the Charter of the United Nations.

[aforementioned countries] reaffirm their commitment to Ukraine, in accordance with the principles of the CSCE Final Act, to refrain from economic coercion designed to subordinate to their own interest the exercise by Ukraine of the rights inherent in its sovereignty and thus to secure advantages of any kind.

(Kinda like the Warsaw Pact and the "Declaration of the Government of the USSR on the Principles of Development and Further Strengthening of Friendship and Cooperation between the Soviet Union and other Socialist States" did the same for its participants...)

We will soon see just how much history rhymes. The analogy only goes so far, the situation and circumstances are significantly different in their details. But as Western leaders offer one sternly worded statement of condemnation and red-line-in-the-sand after another, I am caused to wonder which side has more sway and determination in shaping the events.

Regardless of any possible alphabet-soup/black-budget support for ’civil society organizations’ and agents provocateurs from the West, or likewise planted/funded/controlled by Russia, this is a popular uprising. This is not about oil, or gas, or Russia – though of course each of those may play a pivotal role in the final outcome. It is about the struggle of a nation for its self-determination and right to a productive life. Yes, the EU is a corrupt and corrupting entity which carries with it a serfdom of its own sort – but the alternative paths of maintaining the corrupt status quo, or of even further dependence on Russia (a la Belarus) is even less attractive.

In the end, the US will (once again) not risk a live military conflict over this issue. The EU may offer its (tainted) carrots of economic integration and (spidersilk) sticks of ’sanctions’, but that's about as far as it goes. It will be up to the people of the land to make up their minds: is it time for many more of them to stand up and be counted? Or is it better to hang your head, fall in line, and accept what may come? In the end, it is they, and ONLY they that can 'throw the bums out'.

I just pray that the current apparent progress toward a peaceful and just resolution is real, and not merely a stalling tactic employed by the PTB controlling (or trying to secure control over) Ukraine. While the prospect of hundreds of thousands of Russian troops streaming into the country to put down this ’rebellion’ is thankfully very remote, this is something that could change if partition, major false flag or gas pipeline shutdown is thrown into the mix.

„Lord, in his vain struggles,
Shield him with your mighty hand
From that sea of troubles.
He whom ill-luck long has cursed
This year grant him pleasure,
He has suffered with the worst
Time beyond all measure”

Video unavailable


1956: ca. 3300 dead, 230-350 executed after the fact. 22,000 were jailed, 13,000 were sent to re-education/internment/forced labor camps. A few hundred were 'extradited' to Moscow. ca. 200,000 fled the country.

The subsequent 'communism-lite' regime was less bad than any of the neighboring countries, and substantially better in living conditions for the average citizen than the USSR proper. On the other hand, a gap of equal or greater size existed when compared to neighboring Austria, which managed to pull off the tightrope-walking trick of remaining a neutral nation between the WP and NATO. Not to mention the bitter, bitter taste of failure and betrayal.


Basic timelines of Hungary 1956 and Euromaidan from MSM/Wiki

Links to detailed daily account of events in Ukraine from the Kyiv Post: Nov. 21-30, Dec. 1-8, general topic page here.

Ilya Varlamov's excellent photoblog of Kiev/Ukraine events. He translates many of the important posts to English, but you can always use Google Translate or Bing Translator.

A pretty decent photo essay about 1956 (with terrible, TERRIBLE captions, please ignore those).

An interesting memoir of 1956 written in English by an active participant is here.

This ZH article, while way too simplistic in the actual post section, has about 9 pages of comments, many of which are insightful. Most of course are snarky to the point of tastelessness, but plenty of meat there as well -- including some darker thoughts on how all this could go very wrong. Lots of local news/photo links as well.

Live TV feed from Maidan:

About the Author


Feb 21, 2014 - 7:53pm

Oh ya


Feb 21, 2014 - 7:53pm

Wasn't Bernanke from SC?

Police: Man tried to pay tab with trillion dollar bill

akflanagan[at]thestate[dot]comFebruary 21, 2014

SUMTER, SC — Sumter Police were called to a local restaurant after receiving reports of a man who tried to pay his tab with a trillion dollar bill.

The incident happened around 1 p.m. Feb. 14 at the Applebee’s on Broad Street in Sumter.

Police say Michael Williams, 53, of Sumter tried to pay his bill with a debit card, but it was declined. He then offered to pay with a trillion dollar bill.

Police were called, and Williams was arrested on an unrelated charge of contempt of magistrate’s court.

The Sumter Police Department continues to investigate.

Dagney Taggart
Feb 21, 2014 - 8:17pm

2x1+1x2 = Forth

Video unavailable
Rush Test For Echo Live
Rush - Mystic Rhythms 8-18-2004

Am I on the right thread? Shit.

@JY I read this tomorrow. Obviously the wine was flowing this afternoon.

Gold Dog
Feb 21, 2014 - 8:29pm

I am Turd!

Now to read.

Thought provoking piece.

(Turd, I don't know if it's my computer and I will try again below but I am still having trouble with my cursor jumping around.)



Feb 21, 2014 - 8:34pm

History Lessons

Thanks. I really appreciate history lessons.

Screw the creeps who try to upstage the post by counting from one to ten.

Feb 21, 2014 - 8:38pm


I knew there was a reason I liked you.

"...We are the priests of the temples of Syrinx..."

"...I spin around with shrieking tyres, to run the deadly race..."

"...Behind the beauty, cracks appear..."

"...Nevermore shall I return, escape these caves of ice. For I have dined on honeydew..."

The random thoughts that fill my head during staff meetings and such.

Gold Dog
Feb 21, 2014 - 8:39pm

Thanks for the parallel

review JY.

What is it about humans that make us so damn disagreeable? I can think of no governments that exist that can keep the piece unless it's at the tip of a spear. I suppose some comparisons to lead dog can be applied here but it saddens me.

I can remember engaging in civil disobedience as a young man, outraged that friends and big brothers of friends were being drafted to fight in Viet Nam. I was so sure that my/our cause was just. I can also remember my Father thinking we were full of shit, wet behind the ears idiots that had no concept of global politics and the true threat of the Red Menace.

Find me one just man.

Your friend,


Feb 21, 2014 - 9:44pm

No reason to "Fawke" around!...

Might as well watch the whole movie...if you haven't seen it before!!!...

Bag Of Gold

Feb 21, 2014 - 10:37pm

These rioters are just peturbed people from Kiev....NOPE see article US and EU paying rioters...5B is NOT chump change

Citizen DR posted link on yesterday's most excellent public thread about media oversight by Stephanie

Easy Translation: 5 Billion of YOUR taxpayer dollars are going to poke the BEAR in his OWN BACKYARD.

Feb 21, 2014 - 10:53pm

Thanks for the post

no wonder the 2nd amendment is under attack, could you imagine the different outcome if 8 out of 10 protesters were carrying a gun in the Ukraine? Those snipers on the hill would probably not have been so cocky

Interesting link on drudge

banks get to measure their own risk, nothing possibly could go wrong


Feb 21, 2014 - 11:21pm

The Blond With the Braids

Me Likey !

As for the post, it's not just the Ukraine. The same stuff is going on in Venezuela and in Thailand.

Fact is, if it was happening next door, you probably won't see it on the MSM. Instead, we would have some MSM chump doing a Baghdad Bob impersonation saying, "All is well."

Feb 21, 2014 - 11:32pm

I wonder...

how this will all end!!!...

Bag Of Gold

Feb 21, 2014 - 11:39pm


Be that as it may, how long does 5B last if it's the only thing that gets tens of thousands of people to camp in subzero temps for 2-3 months, and stand in the line of fire?

I must spend a bit more time getting to know this Craig Roberts fellow. Based on the diatribe that currently headlines his site, he is somewhat under/one-sidedly-informed, and Amerikuh-F-yeah, John Bolton type guy.

Which is, unfortunately, not to say he is entirely wrong about everything, I just have a distrust of condescending omniscient commentators.

Also, $5B since 1991 is ca. $200M per year. No chump change, to be sure -- but also not $5B for a 3-month demonstration effort.

One must make an effort to find sources who have actually BEEN to Ukraine, better yet, lived there for extended periods.

I saw how State Department spends those millions of dollars of taxpayer funds. Much of the money is swallowed by the overhead of the staff & Western consultants (& 'consultants'), inane propaganda/media spend, hotels, workshops, etc. Not without effect, but also not exactly game-changing.

They may be directly bribing/'lobbying' lawmakers and other officials, to be sure. But isn't that exactly what the protests are about?

PCR basically says Ukrainians should shut up, bite the pillow and take it from Russia rather than attempting to change their situation.

Feb 21, 2014 - 11:43pm
Feb 21, 2014 - 11:45pm

So JY896

do you want to spend US money fomenting war with Russia? Seems rather dangerous to me. Also seems like the US media leaves out the meat portion of the reporting, and by omission lacks integrity in their reporting. A better question would be, "without the 5B from the US and the (X?) Euros, would they be camping in subzero temps". My bet is no. Yours seems to be Yes, and if it is, we will have to just disagree.

Does your money belong there? Should we be borrowing more money to affect operations there? Is this our business? If it is, then why is so much effort being spent to convince the public it is "the Ukranians" instead of calling it like it is "a US/UK instigated revolt to assist the Ukranians and gain important resources and block the Russians from the black sea".

The US is seen as terrorists all around the world, I hear it. Why do you think people think that? Listen to their explanations and how we are perceived and it's hard to answer for example "who appointed you (the US) the world's policeman?" We are seen as aggressors, we are seen as having a modern day Genghis Khan mentality "the riches are never enough" leaving a wake of ruin behind in our "interventions". We are quite often hated by the populace of our "friendlies". It saddens me and leaves me disgusted that my generation is responsible for this, we allowed it to happen.

We need to stop the warring for the banking cabals and go back to the Constitution. We should be getting our own business straight instead of telling everyone else how they should be doing theirs.

Feb 22, 2014 - 12:09am


I think the US is ABSOLUTELY trying to do its utmost to spread its influence, help its oil companies/MIC companies, and undermine any other power on the battlefield.

I also think that looking at the entire world as mindless zombies held in thrall by greenbacks thrown like crumbs from Uncle Sugar's hand is dangerously simplistic, and condescendingly, typically, myopically American -- just like the mindset that thinks this is good long-term policy in the first place. Also, to imagine that the US is the sole cause and genesis of EVERYTHING that happens anywhere on the globe is a tad conceited, don't you think?

I agree with the ultimate goals/values expressed (stopping the plutocracy). Hell yeah I realize that these policies leave disdain, distrust and eventually hatred in their wake as people realize they've been had. Some people (many, at least on the contact surface) are merely parasites, taking advantage of the situation to enrich themselves without regard for their countrymen or nation. That strategy of buying off leaders worked TERRIFICALLY in Iraq, Afghanistan, etc.

Just happen to know more than a handful of people who have risked and fought for something OTHER than cash. The US is great at throwing matches at the right powderkeg. Not so great about planning/building the structure of the bonfire, nor planning the trajectory of the blowback, nor being able to manage the aftermath.

But perhaps you and PCR are right. The puppet masters have adroitly managed every angle, every side, every leader, every thought of humanity over the last several hundred years, and we have ALL been mere pawns -- and will forever remain so. There's a cheery thought.

Feb 22, 2014 - 12:27am

Folks should pick up on the following

Discrediting Dr Paul Craig Roberts, Asst Secretary of the Treasury Economic Policy under Reagan. I am surprised when you went to his website you were unable to read about him.

Falsely leading..."entire world as mindless zombies"

False association in order to attempt to discredit "you and PCR"

Lastly, making ridiculous statements such as your last and trying to disparage me as if I had made them. I didn't say that, you did, sigh.

All of this to avoid the real issue of US funding the Ukranians to the tune of 5 billion dollars.

Your thread, you do as you want. I have been to Russia, I have not lived in Kiev. I get that you back the Ukraine, that doesn't mean I back Russia. I back the US not putting it's fingers in every pot; we don't belong everywhere on our grandchildren's debt.

Mr. Fix
Feb 22, 2014 - 12:37am

There have been some interesting questions raised here,

the answers to which we will know next week, when “mother Russia” isn't preoccupied with Olympic security measures.

For the most part, I am inclined to agree with flyinkel, and that this uprising like most we have been witnessing lately is being orchestrated to set up a proxy war between the superpowers.

I have no doubt that many in Ukraine are genuine freedom fighters seeking no more than freedom for their own families and future, but unfortunately, I do not think that the international bankers and will ever willingly allow that to happen, and at this point, even the United States helping to arm the “freedom fighters” is probably just sealing their fate to living in a country laid waste from war.

I am certain that there are plenty of parallels to similar stories in other countries, and at different points in time, but most of the unrest in the world today is by design by the international bankers who have indebted, and hence enslaved most of the nations on our planet.

There will be no freedom until they are defeated, everything else is just a diversion.

I believe that it is entirely possible that for the first time since Jesus Christ cleared the Temple of the “moneychangers” (the original criminal banking class), we might actually start focusing on the real problem, instead of trying to conquer the side effects.

No doubt, freedom will have to be fought for, it will never be granted, but it will certainly never be accomplished unless the enemy is clearly identified.

Once the elite parasites profiting from wars from behind the scenes are clearly exposed, mankind will have a real shot at freedom.

Until then, the fighting continues, and nothing will be accomplished.

If all of these different factions realized we all have the same enemy, not only would that enemy lose all power, mankind would experience a freedom unparalleled in human history.

What makes it different now, is that we can exchange information with each other like never before.

Never forget who the real enemy is.

Feb 22, 2014 - 1:04am

Wrong foot

I disagree with PCR on this particular issue, and dislike his style. How is that discrediting to him?

Why should I care he was UnderSecty of Anything under Reagan? He's frothing at the mouth to discredit a current Undersecretary of State for Eurasian Affairs. I recognize his resume, and have read some insightful things from him before. This specific article is not my cuppa tea, and rubs me the wrong way. My apologies if by stating this I also insulted you, such was not my intent.

I am merely expressing my opinion, as are you. How does any of this disparage you, or discredit him? I keep trying to stop arguing, because our views are not that different (apparently aside from idolatry of Paul Craig Roberts).

This is the 8-min video from Nuland with the specific reference to $5B. You can find it just after 7:30

Nuland is full of arrogant hubris. The State Dept. is full of arrogant hubris. Putin is doubly full of arrogant hubris. In my opinion PCR displays many signs of this same arrogant hubris. However, he is spending his time and energy in what seems to be an effort to educate people, rather than overthrow governments for geopolitical gain. Good for him, like I said, he seems like a sharp fellow. Still disagree on this specific point.

A total of $5B spent on/in Ukraine since 1991 means $217M per year. Some of this went to the government, some must have gone to fund education (like English). A bunch went to finance consulting firms. Still more went to cronies/subsidiaries of the firms hiring lobbyists to steer State Dept. policy on Ukraine in the 'right direction'. I have not checked, but if this includes the cost of removing and decommissioning the ex-Soviet nuclear arsenal and facilities in Ukraine, then not much is left for destabilization campaigns.

If you believe that what is happening in Kyiv/Kiev is merely a stage production put on by the US Dept. of State, that is your right. But you really oughta listen to at least a few other informed sources on the topic (not me, I'm just an opinionated observer).

Good night, and good luck.

PS: An interesting, if anecdotal, piece on who-is-who in Ukraine:

“Yanukovich is only a puppet,” one of them moans, “We have to get rid of him and his family, but the real power lies with Akhmetov (Rinat Akhmetov, listed as the 47th richest man on the planet, and Ukraine’s oligarch #1).”The powers that be, as is their custom, are unembarrassed regarding this point. And it is arguable that if Yanukovich is removed, then it is only because he has become a liability to them.

Feb 22, 2014 - 1:05am

The Buck? Who pays - you and me!

US has overthrown approx 60 countries so far.

Thailand, Ukraine, Venezuala, Egypt on is Syria and others....

Who pays for this riot making revolution all over the world - Anyone buying US Debt!

And taxpayers - you and me!

Russia to buy US Debt if it produces armaments to attack Russia? Same thought for China....

Being able to fkn PRINT money means there is no ceiling, no responsibility re the spending of this nation. It is in the twilight zone. Print and bomb, print and infiltrate, print and buy people to fight for you. Very time limited, methinks.

Mr. Fix
Feb 22, 2014 - 1:08am

I think this sums it up well:

The Truth About The Ukraine Crisis

Feb 22, 2014 - 1:54am

One point that apparently did not....

...get articulated very well, is that my concern lies with the roughly 45M Ukrainian citizens whose lives are NOT going to be made better by the USA, or the EU, or Putin, or anyone short of Archangel Michael with his flaming sword. Yes, all sides are scheming to screw all the others. Yes all of this is extremely dangerous, could lead to civil war, could lead to military intervention. Heck, one or more sides are ACTIVELY vying for that outcome. Yes, there are infiltrators and paid troublemakers/professional military 'advisors' involved.

What all y'all are seeming to forget is the fact that the country is ruled by an explicitly criminal (old school Ukrainian mafia) oligarchy which has fused with the state. THAT is the first order parasite that must be removed, without killing the patient, while dancing on the tightrope over the abyss of financial/economic ruin, while being pulled and pushed in every direction possible by the EU, the US, Russia and current global economic conditions.

It is also a fair question to ask whether the ongoing 20+year tug of war between these powers was a large part of the REASON that state power devolved/never developed and was taken over by the mafia, leading to where Ukraine is today. Very likely. But while Ukrainians can't very well expect results by stabbing a voodoo dolls of Barry and Vlad, they MIGHT be able to start by affecting change internally first, by at least making an attempt to change their government.

Feb 22, 2014 - 3:00am

@USA interests in Ukraine?

USA is world creditor, banker number one. The whole nation-some more, some less- benefits from this status. USA wealth consists of 66% financial assets, 33% of real wealth. So 1/3 of wealth is interest on using USD as lending asset.

For that to work , USA MUST have debt. Reduction of debt will lead to immediate recession and lowering of life levels as it will contract the basis USA gets paid interest upon..even if it pays interest itself. It will shrink money supply with all debt deflation consequences.

It is anyway inevitable or USD is a toast which is even worse for USA ( not for bankers who plan to relocate reserve currency to China and themselves as well).

But to gain time and redistribute debt ( that is for bankers, to lend same amounts but with higher interest while for USG to keep yields low as taper/tightening happens) USA NEEDS global instability (may be the whole West needs ) for 5 purposes:

1) push emerging/developing markets into position where the private debt bubbles burst and government debts go up to Western levels as % of GDP, at the same time increasing yields on developing market debt, especially targeting Chinas public debt and foreign reserves ( as Chinas exports go down)

2) Push the last bastions of prudent finances ( Sweden, Finland etc ) in the West into deeper public debt by blowing up private debt bubbles

3) Despite taper and tightening, keep esp UST but also Japan, UK etc. yields low. If there were no international geopolitical destabilization, cost for UST interest would be too high with tightening. Global instability causes save heaven flows lowering yields, supporting USD.

4) Reorganize faulty ( after Afghanistan, Iraq) strategic position of USA by creating new opportunities to enforce its power, esp Central Asia but not only; require more countries rely on USA military force. That will help in coming confrontation with China but even more importantly, in getting control over gold reserves not in China yet, and using them later to support USD move back to gold backing.

5) Last but not least- push up oil/gas prices to create some inflation at home to use as cover up for tightening ( as in 1973-1981) and harm China at the same time . This will give Russia as breather as it did give a breather to Soviet Union for 13 years from 1973- 1985 when price of oil was collapsed. USA will be less hurt due to domestic production ramp up and not allowing Canada to build ANY new export routes , including ones via Canadian territory. If Canada starts own export routes really, expect Anschluss of Canada by the USA.

So it is only beginning of USA working to create global instability that keeps USA being prosperous and lending empire despite the odds, and buys time. USA will incite more chaos without direct own spending . Israel - Saudi- Iran clash should be one of most powerful ones. USA will provide instability ( e.g deal with Iran) and weapons ( good for USA exports) .

Feb 22, 2014 - 3:17am

Hey DJIA and S&P ended lower

Hey DJIA and S&P ended lower on Friday:)

Seems they are trying to avoid crash but I do not think there is much choice; most likely over weekend G-20 will voice support for USA taper/tightening ( Western nations). They want to push developing nations deeper in public debt at cost of Western growth as such scenario will enable the West loan more to the, grab more control, and earn interest/relocate debt. That is the last thing left to do before fully saturating world with zero GDP impact debt increase; after that comes negative GDP from debt increase worldwide.

Of course, increasing international destabilization works in the same direction punishing developing countries. Its an operation that last week gained nice escalation in scale via Ukraine, Thailand and Venezuela, Bosnia and it won't stop there. More instability will be generated by West- it is directly in its financial interests ( government, not so much banker).

Combination of tightening plus international destabilization will help to keep Western esp UST yields below what would be normal with tightening.

Even Russia is suffering; but its gaining from increasing oil prices.

Wait until Sochi Olympics are over. Then expect a push back from Russia in Ukraine. Such humiliation as it received on Friday will not be accepted. Its not over by far.

Feb 22, 2014 - 4:39am

Ukraine president Janukovich

Ukraine president Janukovich has disappeared, his residence is not guarded, his impeachment is on table , Ukraine parliament speaker resigns, Timoshenko will be freed any day, airports blocked to stop politicians to flee abroad with cash, few more Lenin monuments destroyed in big cities, etc.

The Kiev offices of Ukrainian President Viktor Yanukovych are unguarded, with opposition protesters apparently in full control of the government district, say BBC correspondents.

The BBC's Kevin Bishop says he was able to walk straight into the courtyard.

Opposition leaders say President Yanukovych, whose whereabouts are unknown, must stand down immediately.

They have called for elections by 25 May - not by the end of December as envisaged in Friday's peace deal.

Despite the EU-mediated agreement signed on Friday, thousands of people have remained on the streets of Kiev.

MPs voted for a change in the law which could lead to the release of Yulia Tymoshenko, an arch-rival of Mr Yanukovych.

She was sentenced to seven years in prison in 2011 for abuse of power. Her supporters say this was simply Mr Yanukovych taking out his most prominent opponent.

Dozens of MPs from Mr Yanukovych's own Party of Regions voted for the motions, in what correspondents say will be a humiliation for the president.

It is a total fiasco for Putin..How will he respond?

Janukovich has been found in Kharkiv? Secession of East Ukraine/Crimea in plans? Of course Janukovich himself is a toast Russia do not trust anymore.


MP in President Yanukovych's Party of Regions, Anna Herman, tells Unian news agency he is in the north-eastern city of Kharkiv.

Opposition protesters appear in full control of the government district in Ukraine's capital Kiev
Feb 22, 2014 - 6:14am

Split option on

Split option on table:


Ukrainian Russian-language website reports that President Yanukovych is planning to resign but is in Kharkiv with senior officials to discuss forming a separate government in the south-east and Crimea. Also considering asking Russia's President Putin to guarantee safety of those regions. He is with the head of his administration Andriy Kluev and ex-PM Mykola Azarov, Versii reports.

After Sochi?


The head of Russia's State Duma Committee for International Affairs Alexei Pushkov tweets that separatism is not being discussed at the congress in Kharkiv. The main thrust of speeches there is that "we are not preparing to split the country", he says.

Feb 22, 2014 - 9:13am

Split taking

Split taking shape:


Saturday, February 22

14:06 GMT:

Yanukovich has accused the opposition of staging a coup d’etat and has no plans to resign, according to advisor Anna German, a Party of Regions deputy, who was interviewed by UNIAN news agency.

13:48 GMT:

Party of Regions deputy Vadim Kolesnichenko has blamed “foreign agents” for the unfolding events.

"The situation in Kiev has taken years to prepare. Foreign agents of influence have spent over $10 billion in recent years to execute this coup. The money has been channeled into so-called non-governmental organizations,” Kolesnichenko told the ITAR-TASS news agency.

Feb 22, 2014 - 9:15am

Fix's video post above

So I'm looking at Fix's video post above of "The Truth About the Ukies", and I was stopped dead in my tracks by the picture of Vicktor Yushenko @ 0:50.

Am I not looking at a, (Not even poorly disguised), Reptilian ? - Or is it my lying eyes again?

Am I not supposed to notice that the Lizard skin goes into his shirt too?

Opps ~! Wrong forum

OK, Now you can Go back to bickering about P.C. Roberts attempts to elucidate to all of you, your collective brain-washings.

Feb 22, 2014 - 9:38am

Canadian Turdites - Warning

Court orders Canadian ISP to reveal customers who downloaded movies

Feb 22, 2014 - 9:38am


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Key Economic Events Week of 5/20

5/20 7:00 pm ET CGP speech
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Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
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Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
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5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)

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