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This excellent comment sums up the entire Ukraine crisis and the country's dismal future in 13 bullet points

This blog comment does an excellent job in summing up the Ukraine disaster from an economic viewpoint, and the county’s choices, or lack thereof, going forward.




Every once in awhile you run across a comment that so adequately sums up a story that you can’t help but marvel at the brilliance of the commenter.
While reading the most recent David Stockman and Contra Corner post on the economic destruction of Ukraine, entitled, “Ukraine Economic Indicators Down 20% And Still Plunging: Thanks For The Coup, Washington!”  I ran across this comment that summed up the entire Ukraine fiasco, from start to middle, to what’s next, in a simple 13 bullet points.

Ukraine is like Tar Baby of the Uncle Remus story. Tar Baby has come to mean a sticky situation or an object that nobody really wanted but that stuck to them if they touched it.
1. Ukraine’s GDP in 2013 was about the same as in 1992 when the USSR collapsed. It has never recovered from the worldwide 2008 financial crisis.
2. Ukraine’s mining and industrial sectors (east Ukraine) are antiquated and energy-inefficient, and have survived only on cheap oil and gas from Russia. These sectors cannot survive if exposed to competition from modern EU factories and EU-quality goods.
3. Since 1992, Ukraine’s economy has been plundered mercilessly by its oligarchs, many of whom are former crime bosses, all of whom are now billionaires and most in league with the Kiev government.
4. Ukraine is ethnically, linguistically, and philosophically divided, with: (a) an industrialized Russian-speaking east; and (b) an agricultural west of Ukraine speakers which was formerly parts of Hungary and Poland, and is largely anti-Russian in the extreme.
5. Ukraine has survived since 1992 on IMF loans, subsidies from Russia in the form of loans and cheap oil and gas, and on preferred access to Russian markets.
6. One of the first actions of the Kiev government under Yatsenyuk was to pass laws outlawing the use of the Russian language in government and education. The Russian-speaking east took this as a demonstration of Kiev’s intention to make Russian speakers second-class citizens, and reacted by choosing to leave Ukraine.
7. One of the triggers of the Maidan coup was then-PM Yanukovich’s refusal to sign over Ukraine to the US/EU/NATO by adopting the Association Agreement (“AA”). The AA would have cost Ukraine $20 Billion in direct market adjustment costs, which Ukraine asked the EU to help with. The EU, being broke, having just bailed out the PIIGS, refused. Russia then offered cheap natural gas, a loan of $15 Billion, and a customs union. Yanukovich accepted the Russian deal, so US/EU/NATO ousted him and replaced him with the puppet Yatsenyuk.
8. Having taken control of Ukraine, the US/EU/NATO bloc did not want to take financial responsibility for bailing out or modernizing Ukraine, but told Kiev to seek IMF loans. The IMF stood on its earlier demands for market and budgetary reforms, and control by Kiev of the whole country. Kiev declared war on the eastern separatists, who have fought the Kiev army and Neo-Nazi National Guard to a standstill.
9. In addition to installing NATO missile bases, the US/EU/NATO bloc wanted Ukraine to: 1.Kick Russia out of its Black Sea naval base in Crimea; 2. Give control of Ukraine’s oil and gas fields and potential fields to Western oil companies; 3; Frack shale areas for oil and gas; and 4. Get control of the Black Sea areas off the Ukraine and Crimea coastlines to drill for oil and gas. With Crimea now part of Russia, and the east gaining autonomy, Kiev has lost these areas and much of the Black Sea bed. This reduces the payoff for the West considerably.
10. Sanctions against Russia have not got Crimea back, nor brought east Ukraine back to Kiev, but have effectively closed off the Russian market for Kiev, and are reducing access to the Russian market for all of the EU countries. Russia is compensating for lost EU imports by sourcing friendly countries and by import substitution from local sources. Russian businesses are delighted at the disappearance of EU competition.
11. Sanctions and the propaganda campaign against Russia stand to seriously weaken the already-fragile EU economies, and are leading to a strengthening of the non-US dollar international trade worldwide.
12. Ukraine’s refusal to pay Russia for the gas it received, and Western sanctions against Russia are prompting Russia to squeeze gas exports. The EU Commission is blocking the Southstream gas pipeline which would bypass Ukraine – trying to help Ukraine and squeeze Russia, but imperiling the EU gas supply. Russia remains the lowest-cost and most secure source of natural gas for the EU. Continued sanctions against Russia may result in short-term and long-term supply interruptions and increased costs for EU industries and citizens, and loss of employment.
13. Anyone else want to take responsibility for Ukraine? Going cheap! Going, going, going……


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This excellent comment sums up the entire Ukraine crisis and the country’s dismal future in 13 bullet points


ABC’s Ted Koppel admits mainstream media bias against Trump [Video]

The mainstream news media has traded informing the public for indoctrinating them, but the change got called out by an “old-school” journo.

Seraphim Hanisch



Fox News reported on March 19th that one of America’s most well-known TV news anchors, Ted Koppel, noted that the once-great media outlets like The New York Times and The Washington Post, have indeed traded journalistic excellence for hit pieces for political purposes. While political opinions in the mainstream press are certainly within the purview of any publication, this sort of writing can hardly be classified as “news” but as “Opinion” or more widely known, “Op-Ed.”

We have two videos on this. The first is the original clip showing the full statement that Mr. Koppel gave. It is illuminating, to say the least:

Tucker Carlson and Brit Hume, a former colleague of Mr. Koppel, added their comments on this admission in this second short video piece, shown here.

There are probably a number of people who have watched this two-year onslaught of slander and wondered why there cannot be a law preventing this sort of misleading reporting. Well, Russia passed a law to stop it, hitting dishonest media outlets in their pocketbook. It is a smart law because it does not advocate imprisonment for bad actors in the media, but it does fine them.

Going to prison for reporting “the truth” looks very noble. Having to pay out of pocket for it is not so exciting.

Newsmax and Louder with Crowder both reported on this as well.

This situation of dishonest media has led to an astonishing 77% distrust rating among Americans of their news media, this statistic being reported by Politico in 2018. This represents a nearly diametric reversal in trust from the 72% trust rating the country’s news viewers gave their news outlets in 1972. These statistics come from Gallup polls taken through the years.


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Lori Loughlin’s daughter was aboard USC official’s yacht in Bahamas when mom was charged

Lori Loughlin’s daughter was on the yacht of USC’s Board of Trustees when her mom was accused in scheme.

The Duran



Via Fox News

Lori Loughlin’s daughter Olivia Jade Giannulli was spending spring break on a University of Southern California official’s yacht when her mother was accused Tuesday of involvement in a college admissions scheme, reports said.

Giannulli, 19, was on Rick Caruso’s luxury yacht Invictus in the Bahamas, a report said. Caruso is chairman of USC’s Board of Trustees.

Giannulli, who currently attends USC, was with Caruso’s daughter Gianna and several other friends, the outlet reported.

“My daughter and a group of students left for spring break prior to the government’s announcement yesterday,” Caruso told TMZ. “Once we became aware of the investigation, the young woman decided it would be in her best interests to return home.”

Loughlin’s daughter has since returned to Los Angeles to face the allegations that could result in her getting expelled from USC.

USC’s Board of Trustees will not decide the status of Giannulli and the other students involved in the case, but rather, the university’s president will make the decisions, according to TMZ.

Business deals in jeopardy?

Giannulli is a YouTube beauty vlogger and social media star, but in the midst of her mother’s charges, she may lose the lucrative brand-sponsorship deals she has landed over the years, Variety reported.

HP, having cut ties with Giannulli, said in a statement, “HP worked with Lori Loughlin and Olivia Jade in 2017 for a one-time product campaign. HP has removed the content from its properties.”

Giannulli also cut brand deals with partners including Amazon, Dolce & Gabbana, Lulus, Marc Jacobs Beauty, Sephora, Smashbox Beauty Cosmetics, Smile Direct Club, Too Faced Cosmetics, Boohoo, and Unilever’s TRESemmé, the report said.

Giannulli’s rep declined to comment, Variety reported. Estée Lauder Companies, which owns Smashbox and Too Faced, also declined to comment, while the other brands or companies the magazine reached out to did not immediately respond to their requests for comment.

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$250M Lawsuit Against CNN Imminent; Covington High MAGA Student Suffered “Direct Attacks”

CNN will be the second MSM outlet sued over their reporting of the incident, after Sandmann launched a $250 million lawsuit against the Washington Post in late February. 



Via Zerohedge

CNN is about to be sued for more than $250 million for spreading fake news about 16-year-old Covington High School student Nicholas Sandmann.

Sandmann was viciously attacked by left-leaning news outlets over a deceptively edited video clip from the January March for Life rally at the Lincoln Memorial, in which the MAGA-hat-wearing teenager appeared to be mocking a Native American man beating a drum. Around a day later, a longer version of the video revealed that Sandmann did absolutely nothing wrong – after the media had played judge, jury and executioner of Sandmann’s reputation.

CNN will be the second MSM outlet sued over their reporting of the incident, after Sandmann launched a $250 million lawsuit against the Washington Post in late February.

Speaking with Fox News host Mark Levin in an interview set to air Sunday, Sandmann’s attorney, L. Lin Wood, said “CNN was probably more vicious in its direct attacks on Nicholas than The Washington Post. And CNN goes into millions of individuals’ homes. It’s broadcast into their homes.”

They really went after Nicholas with the idea that he was part of a mob that was attacking the Black Hebrew Israelites, yelling racist slurs at the Black Hebrew Israelites,” continued Wood. “Totally false. Saying things like that Nicholas was part of a group that was threatening the Black Hebrew Israelites, that they thought it was going to be a lynching.”

Why didn’t they stop and just take an hour and look through the internet and find the truth and then report it?” Wood asked. “Maybe do that before you report the lies. They didn’t do it. They were vicious. It was false. CNN will be sued next week, and the dollar figure in the CNN case may be higher than it was [against] The Washington Post.”


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