Billede
© REUTERS/ Valentyn Ogirenko"Maybe a good economy will just fall from the sky"
Trends Research Institutets chef Gerald Celente siger at den Internationale Valutafonds (IMF) bryder sine egne regler og laver en farce af den globale troværdighed ved at tillade Ukraine at forfalde fra sine gældsforpligtelser på $3 milliarder til Russia.
"At tillade Kiev at forfalde fra tilbagebetalingen af sit Eurobond lån til Rusland på $3 milliarder er imod IMFs regler. Men nu er de klar til at bryde deres egne regler," siger Celente.
I march 2015 godkendte IMF en økonomisk pakke på $127.5 milliarder til at stabilisere Ukraines problemfyldte økonomi.

Men ifølge IMFs egne regler, så går denne hjælpepakke tabt hvis Ukraine ikke tilbagebetaler sit Eurobond lån til Rusland ved slutningen af 2015.


Comment: Denne artikel er blot delvis oversat til dansk af sott.net fra What credibility? IMF credibility will collapse if Ukraine allowed to default to Russia, says Celente


Now, the IMF is reassessing its lending-into-arrears policy and could change it before November 30, according to media reports.

"This is a symptom of how central bankers behave. They behave as if there is no such thing as rules and laws. They do what they want," Celente said.

The noted US analyst recalled that the Obama administration, spearheaded by Assistant Secretary of State Victoria Nuland, had urged then-Ukrainian President Viktor Yanukovych to accept IMF terms for its aid in December 2013.
"Nuland said the reforms that IMF requires are necessary for the long-term economic health of Ukraine. I guess she was wrong. Because they got the reforms ... but they don't have long-term stability and economic growth," Celente pointed out.

Comment: Looks like Ukraine should have gone with Crimea and sided with Russia, since Crimea's economy is now booming:

Yanukovych sought to reach an economic agreement with Russia instead, but he was then ousted in a violent coup supported by the United States.

Yet, Ukraine's economic condition under the new US-backed regime, while supported by the IMF, has continued to deteriorate, Celente pointed out.

"None of the promises Victoria Nuland made were fulfilled. None of her predictions came true. They take the path and under the new government they held new elections and none of it made any difference," Celente observed.

The current IMF efforts to change the conditions for their lending requirements reveal their unpredictable and false standards, Celente argued.
"They make up the rules as they go along," he stated.
Far from encouraging capitalism as the IMF claims to do, it has been undermining the process in Ukraine and elsewhere, Celente insisted.

"In capitalism you rise and fall on your own merits. With bankers you get too big to fail," he said.

On October 29, IMF Communications Director Gerry Rice told a briefing the Fund wants to reform its lending policies in order to allow countries to borrow money even if they default on their obligations to bilateral creditors.