tag:blogger.com,1999:blog-8140118508362436308.post6085868123272728587..comments2023-05-26T02:58:14.582-07:00Comments on UkraineWatch: Once You Are Bailed Out, You Don’t Come Back!Anonymoushttp://www.blogger.com/profile/06245694936590822110noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8140118508362436308.post-63445660685345242612009-11-03T09:43:18.185-08:002009-11-03T09:43:18.185-08:00I don't think it is a matter of those in power...I don't think it is a matter of those in power not understanding the basics, but rather their oblivious attitude to what is to come. They steal and hope to get away with it, period. <br /><br />Bad economic times means people start saving, so do businesses, which is a catch 22 as one needs more spending to stimulate the economy. By lowering the rates, it allows public to borrow money cheaply and allows for a great business opportunity - thus increasing spending, which in turn fuels the economy. That is why strong economies take action that makes logical sense. <br /><br />Weak economies going against the grain with their policies is just another red flag for fraud.<br /><br />How can anyone in Ukraine hope for better times when they read news like this, I'll never understand.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8140118508362436308.post-53678806605372029262009-11-03T09:42:48.702-08:002009-11-03T09:42:48.702-08:00Simple fact, when you haven't got the Gold etc...Simple fact, when you haven't got the Gold etc. reserves to back up the level of currency in the open market you take money out of circulation. Putting more money in just feeds inflation at an unnatural rate. Why is it that leaders still do not understand this basic thing?<br /><br />As for such high returns on bonds, well ......, all I can say is it is ludicrous and someone is getting a cut of the "profits" somewhere along the line. Times like these have pushed rates down all over the world, Australia was the first economy to lift rates and to my knowledge no other country has done that yet, except it seems Ukraine.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8140118508362436308.post-52774774639315340442009-11-03T09:42:05.256-08:002009-11-03T09:42:05.256-08:00Thank you for posting this, Leo. Very interesting ...Thank you for posting this, Leo. Very interesting topic. <br /><br />It does raise some red flags, but what can be done? My father runs a business in Ukraine and his words to me last week were "you cannot take a step without having to grease someone's hand". I suspect that E&Y will have hell of a time supervising there. Government theft and misappropriation of assets has been a burden since 1991 and it seems that little has changed. <br /><br />But to answer your question, I do not believe this is a Ponzi scheme, I believe this is simple fraud! The cover up is to issue more securities with insane returns. How do you pay those off? Oh... print more money. <br /><br />What is Ukraine's policy on inflation? I am not in the loop, but if it isn't strict then I assume a massive inflation is on its way. <br /><br />Wow... I had no idea things were that bad in Ukraine<br /><br />VGAnonymousnoreply@blogger.com