The evil that is George Soros.
His latest web of deceit involves using his media and NGO resources to fool the EU into underwriting Ukraine’s political situation to the tune of 11 billion euros ($12 million) every year.
Hacker group, Cyber Berkut released documents allegedly written by George Soros in March that outlines his plan to use the European Union’s credit rating to finance risk insurance for his investments in Ukraine through its own budget and debt. Yes EU taxpayer money to finance Soros’s financial aspiration in Ukraine.
The plan would make the EU underwrite Ukraine’s political situation at a cost of up to 11 billion euros ($12 million) every year.
Once the risk insurance is available, Soros would invest up to $1 billion in Ukraine’s private sector.
The sum is minor when compared to loan packages negotiated for Ukraine, with the last IMF bailout amounting to $17.5 billion.
Keep in mind the IMF just gave a glowing review of Ukraine’s pathetic and alarming decent into default. Perhaps setting up the EU for the sink hole investment it is about to make and giving Soros the cover he needs to set his plan in motion.
Via Fort Russ…
An IMF mission visited Ukraine between May 12 and 29 in order to study the state of Ukraine’s economy. They issued a number of statements which, put together, seem like a warning to Kiev.
Thus upon its departure the mission issued the following statement:
“The Mission and Ukrainian authorities reach an understanding concerning policies which are necessary to conclude an assessment consistent with the agreement on financing via the EFF program, said the head of the mission Nikolay Georgiev. The Fund notes Ukrainian authorities’ commitment to reforms, and also declares that all the necessary steps have been implemented or are in the process of implementation. The mission is also certain that Ukraine will restructure its foreign debt in accordance with agreements.”
Comment. Initially Ukraine was supposed to restructure its debts by May 29, which did not happen. Russia bluntly stated that there is not going to be restructured, unless… Incidentally, the head of mission forgot to specify which “steps” are still in process of implementation, and what their chances are.
And that’s not all: “The mission made a downward revision of Ukraine’s economic growth in 2015 to -9% and estimates an inflation rate of 46%.
Comment: Uh-huh. IMF initially forecast a -5.5% drop in 2015 and 30% inflation. And now this. Either IMF has some lousy forecasters, or it’s not forecast but wishful thinking which often do not correspond with reality.
Via Sputnik News Agency…
Ukraine’s military conflict and its diplomatic conflict with Russia is mentioned at the beginning and the end of the paper as a justification for the strategy. According to the paper, “Ukrainian and allied leaders should agree” to support Soros’ alleged plan.
Both the means Soros allegedly lists to provide the insurance and the means to profit from the situation rely on perception rather than what the paper calls “deteriorating external reality.” While saying that it is important to show Ukraine as a country that is not corrupt, Soros himself allegedly shows little concern for transparency when talking about Ukraine’s constitutional reform.
“The process has been slowed down by the insistence of the newly elected Rada on proper procedures and total transparency,” the paper says.
The paper says that the government must “produce a visible demonstration” of Ukraine as a country that is not corrupt within three months to get the EU to provide the investment guarantees. Soros allegedly intends to create this demonstration through his initiatives, such as the National Reform Council, a body organized by presidential decree which allows the Ukrainian president to push bills through Ukraine’s legislature.
Once Ukraine’s image as a country which is not corrupt is temporarily secured, Soros allegedly plans to secure the EU’s Macro-Financial Assistance (MFA) program by getting the European Council to approve it through unanimous consent. That would allow the EU to grow its allocations to Ukraine in the next budget from 1 billion euros to 11 billion euros, according to the paper.
The second part of Soros’ alleged plan is to create a “surprise to the business community” by announcing the insurance scheme and his plan to invest the $1 billion, with the hope that more investors will follow through with the remaining $10 billion of insurance.
Ukraine’s two leading stock exchanges currently have market capitalizations of $10.7 billion and $5.7 billion, which would allow Soros’ investment to have a good chance of a high return in the short term.
“The investments will be for-profit but I will pledge to contribute the profits to my foundations. This should allay suspicions that I am advocating policies in search of personal gain,” the paper says.
Other than Ukraine’s fledgling equities markets, which lost 15.5 percent in the past year, Soros could profit from the Ukrainian government’s privatization plans.
“The centerpiece of economic reforms will be the reorganization of Naftogaz and the introduction of market pricing for all forms of energy, replacing hidden subsidies with explicit subsidies for needy households,” the paper says.
Splitting Naftogaz into separate companies, as the Yanukovych government also planned as part of an agreement into the EU, could allow Soros to take control of one of the new branches and essentially privatize its profits.
The paper also discusses using EU money in Ukraine for other initiatives, which are not disclosed.
“Using MFA for purposes other than balance of payments support and using it to make political risk insurance commercially attractive runs into a number of legal hurdles that need to be overcome in the next three to five months,” the paper says.
And their you have it.
The end game is Soros not only profiting from the EU’s underwriting of Ukraine’s destruction, but eventually Soros will make a killing off of the privatisation that will undoubtedly take place.
This will give Soros the much coveted prize of Naftogaz.
And no plan to destroy and dismantle a country should be deemed complete without some good military destruction…enter Wesley Clark…the man responsible for the genocide of Serbia.
But this doesn’t mean Kiev won’t have access to top NATO military brass:
This is amusing because Wesley Clark is an outspoken proponent of arming Ukraine to the teeth.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.