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On the morning of 19 December Ukrainians got up to learn about a momentous economic decision: the biggest Ukrainian bank, PrivatBank, had just been nationalised after its two owners used depositors’ money to build a business empire and distributed the money among Jewish organisations in Europe. Why did it have to happen?
A look into the past. PrivatBank used to be Ukraine’s largest bank with 20% of the banking sector and $53bn assets.1)UPDATE: Government nationalizes PrivatBank, guarantees deposits KyivPost 2016-12-18Its history is quite unusual for the country’s realities because it:
was one of the first private banks (formed in 1992);
was the first bank to introduce plastic cards and ATMs;
was the first Ukrainian financial institution to receive an international rating (Thomson BankWatch International Rating Agency, Fitch IBCA);
was the first Ukrainian bank to have opened its International Banking Unit in Cyprus in 1999;
introduced electronic banking in 2001;
received STP Excellence Award from Deutsche Bank in 2003.
In 1992, at the end of the Cold War, an American political scientist infamously proclaimed “the end of history:” liberal democracy and the capitalist system has won, the rest of the world will eventually embrace western ideas as superior to theirs because only they are able to provide peace and prosperity.
This line of reasoning has since become the West’s dogma in international relations, and so under the pretext of spreading human rights and parliamentary democracy all over the world the West perceives itself to be on a mission. For a while, it worked. Most of Eastern Europe readily embraced Western democracy and capitalism and even Russia seemed to follow.
The turmoil in the financial market was far from good news to President-Elect Donald Trump.
The 10-year Treasury yield was on pace for the largest 2-week rise since 2009. The crash in the bond market happened alongside a 10% devaluation of the Japanese yen.
The mainstream media presented the dumping of Treasury bonds as good news. Investors miraculously expected the US economy to boom and inflation to rise now that Donald Trump will be their president. The same media analysts that predicted two weeks ago that the financial world would collapse if Trump were elected are now convinced that Trump’s plan to increase spending and lower taxes will finance itself.
61% of the Dutch voters rejected the Ukraine association treaty in a referendum this year. 31% of the population showed up, which is a far larger number than of those who turned up at Maidan to protest. For the second time the Dutch population cast its vote in a referendum, for the second time the outcome will be nullified in the name of European Democracy.
European leaders have celebrated the Maidan revolution as the attempt of Ukrainian people to join the family of liberal democracies of Western Europe. It couldn’t be further from the truth. In the official version presented in the West, Maidan protests were spontaneously sparked off when the pro-Russian Yanukovich government renounced to ratify an association agreement with the European Union.
Yet in November 2013, before the Maidan movement even started, Oleg Tsarov, member of the Ukrainian parliament, had reported in a parliamentary session on the recruitment of activists organized by the US embassy in Kiev for unknown purposes1)“MUST WATCH: Nov 2013 (pre-Maidan!): Ukraine Deputy has proof of USA staging civil war in Ukraine”, Youtube.
The US embassy in Kiev, via its representative Victoria Nuland, would later become a primary actor in pressuring for a regime change and the formation of a pro-West government in the first months of 2014. For clarity, Victoria Nuland is the third in charge of the US foreign policy, second only President Obama and John Kerry, who had been busy negotiating a nuclear deal with Iran.
The overwhelming majority of polls gave her a strong lead in the electoral colleges count, but the outcome proved to be the exact opposite. America has asked for a change, just like in 2008 with Obama, and the repetition also means the latter did not deliver.
Donald Trump has won. Against the odds, against the polls, against the massive attacks from the media that have gone to great lengths during the past several months to depict him as a monster, a cannibal, a flaw in the pattern, a Putin-fan, a war-monger, a racist, an abomination, the worst candidate in all of history. Every article, well, every paragraph in an article contained a disparaging word like ‘populist’ or ‘populism’ in reference to Trump.
Ship-tracking software and reports from journalists prove that NGOs, the Italian Coast Guard and smugglers coordinate their actions. The Automatic Identification System (AIS) exposes NGOs operating in Libyan territorial waters. Since the ouster of President Ghadafi, a growing number of Africans are smuggled into Europe. They travel via Libya from where they cross the Mediterranean. Different “humanitarian” organisations or NGOs involved are an indispensable part of the smuggle route to Europe. We noticed that the Italian coast guard, NGOs and locals coordinate their actions. Whatever they call it themselves, these operations cannot be classified as genuine rescue operations.
The Dutch, Maltese and German based NGOs are part of the human smuggling network and one wonders, are these NGOs themselves criminal organisations.
Whatever the motives of these NGOs, their behaviour is illegal, and in countries governed by a constitution, i.e. European states, crime should be prosecuted regardless of the intention of its perpetrators.
We followed the movements of the Golfo Azzurro on 12 October. We used AIS Marine Traffic signals, twitter and the live reports of a Dutch journalist on board of the Golfo Azzurro.
Jonathan Samuels, Sky News Correspondent, and his team discovered a discarded handbook, printed in Arabic, on the shore of the Isle of Lesbos, providing the migrants with detailed information on the routes, important phone numbers, non-government organizations that aid the migrants and on their rights in target countries1)(also video), Sky Finds ‘Handbook’ For EU-Bound Migrants, Sky News 2015-09-13.. WatchTheMed (watchthemed.net and alarmphone.org) and w2eu (w2eu.info and w2eu.net) are among the organizations listed in the said rough guide.
MOAS stands for Migrant Offshore Aid Station. It is a Malta-based non-governmental organisation, which set itself the task of patrolling the Mediterranean and rescuing people in high seas, lifting them up from dinghies, rafts and boats onto the Phoenix, the MOAS-owned trawler, a vessel complete with drones for scanning the waters, and ferrying migrants from places several miles off the Libyan shore to Sicily. The organisation is run by Chris Catrambone (35) and his wife Regina.
Since 2015 more and more private NGOs are involved in the illegal migrant ferrying from Libya to Italy. They all claim to be on a rescuing mission, but are they? “We can now confirm that at least 3,800 people have died, making 2016 the deadliest ever,” William Spindler, a spokesman for the UN High Commissioner for Refugees (UNHCR), declared last week. The previous record, 3,771 lives lost,, was set in 2015. Despite a sharp drop in the number of refugees fleeing across the Mediterranean, from 1.01 million last year to 327,800 so far this year, more and more people drown at sea or die as a result of other causes1)UN: 2016 deadliest year for refugees in Mediterranean, Deutsche Welle..
It may well be so or else he wouldn’t have opened an investigation into Hillary Clinton’s careless handling of classified information.1)FBI obtains warrant to examine Clinton emails, Business Insider 2016-10-31; James Comey: The FBI boss at the centre of the Hillary Clinton email storm, Global News 2016-11-01. If the FBI director knew Hillary was going to become president in a few weeks’ time and still pursed the agenda of investigating her case, he would certainly run the risk of having his career broken once and for all.
Populism. If you open a newspapers or look up the news online, you are likely to find declarations from the President of the European Commission Juncker, or the German Chancellor Angela Merkel, or the French President François Hollande, just to name a few, that ‘’European people should not fall for populism’’.
Nassim Nicholas Taleb, author of ‘’The Black Swan’’, best-selling book on the verge of the 2007 financial crisis, offers a different interpretation in one of his latest commentaries in a harsh criticism of intellectuals: ‘’ What we generally call participation in the political process, he (The Intellectual) calls by two distinct designations: “democracy” when it fits the Intellectual-Yet-Idiot, and “populism” when the plebeians dare voting in a way that contradicts his preferences.’’ 1)The Intellectual Yet Idiot, Medium 201609-16.