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Posted: 9/29/2011 4:09:24 PM EST
http://www.zerohedge.com/news/add-ukraine-list-countries-verge-technical-default
. . . the latest entrant to the technical default club: Ukraine, which will shortly join its former USSR satellite Belarus in the hyperinflation club. The fact is that the Ukraine is slowly imploding - the government had stopped Treasury payments for all budget expenses in an attempt to accumulate the cash needed to make a coupon payment on debt and which apparently investors are unwilling to roll. In all fairness, the news update indicates that the country just barely made the 5.3 billion hryvnia payment, but that may be it for now.
Link Posted: 9/30/2011 9:48:44 AM EST
Sheesh.
Link Posted: 9/30/2011 9:53:37 AM EST
Wow, bad debt? Now THAT'S a story you don't hear very often.



CMOS
Link Posted: 9/30/2011 9:54:04 AM EST
Watch them chug several bottles of vodka.

Link Posted: 9/30/2011 9:57:28 AM EST
Ukraine is game to you?
Link Posted: 9/30/2011 10:04:29 AM EST
"I from Ukraine!"
Link Posted: 9/30/2011 10:05:27 AM EST
Ukraine Strong!
Link Posted: 9/30/2011 10:07:01 AM EST
More Vodka for Ukraine
Link Posted: 9/30/2011 10:08:50 AM EST
As long as Russia does not own them when they come out the other end they'll do OK.
Link Posted: 9/30/2011 10:09:26 AM EST
drink a couple carafes of kvas and get back to me.



Link Posted: 9/30/2011 10:11:19 AM EST
This makes Putin happy.

Link Posted: 9/30/2011 10:11:28 AM EST
They has hawt wimminz!!
Link Posted: 9/30/2011 10:14:09 AM EST

Originally Posted By ccstf3ae:
Ukraine is game to you?

lol

Link Posted: 9/30/2011 10:26:18 AM EST
Originally Posted By ccstf3ae:
Ukraine is game to you?


How about I take your game and smash it
Link Posted: 9/30/2011 10:34:18 AM EST
[Last Edit: 9/30/2011 10:38:25 AM EST by Shane333]
"Get out of here S.T.A.L.K.E.R."

Sounds like the Ukrainian government asked the Wish Granter to solve their debt problem.


Link Posted: 9/30/2011 10:35:26 AM EST
So who has the money? If all these countries have nothing...where is it?
Link Posted: 9/30/2011 10:41:49 AM EST
Originally Posted By Rem700PSS:
So who has the money? If all these countries have nothing...where is it?


Wealth isn't a zero sum situation. It can be created and it can be destroyed. Where is the wealth? Largely destroyed through corruption, through socialist/entitlement programs, through foolish investments, etc.

Look at what the US Government is doing and you'll see the same thing: national wealth being destroyed through corruption, waste, entitlement programs, etc.
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