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[ARCHIVED THREAD] - Ukraine is weak

Posted: 9/29/2011 5:09:24 PM EDT

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.

Posted: 9/30/2011 10:48:44 AM EDT

[#1]

Sheesh.

Posted: 9/30/2011 10:53:37 AM EDT

[#2]

Wow, bad debt? Now THAT'S a story you don't hear very often.

CMOS

Posted: 9/30/2011 10:54:04 AM EDT

[#3]

Watch them chug several bottles of vodka.

Posted: 9/30/2011 10:57:28 AM EDT

[#4]

Ukraine is game to you?

Posted: 9/30/2011 11:04:29 AM EDT

[#5]

"I from Ukraine!"

Posted: 9/30/2011 11:05:27 AM EDT

[#6]

Ukraine Strong!

Posted: 9/30/2011 11:07:01 AM EDT

[#7]

More Vodka for Ukraine

Posted: 9/30/2011 11:08:50 AM EDT

[#8]

As long as Russia does not own them when they come out the other end they'll do OK.

Posted: 9/30/2011 11:09:26 AM EDT

[#9]

drink a couple carafes of kvas and get back to me.

Posted: 9/30/2011 11:11:19 AM EDT

[#10]

This makes Putin happy.

Posted: 9/30/2011 11:11:28 AM EDT

[#11]

They has hawt wimminz!!

Posted: 9/30/2011 11:14:09 AM EDT

[#12]

Quoted:

Ukraine is game to you?

lol

Posted: 9/30/2011 11:26:18 AM EDT

[#13]

Quoted:
Ukraine is game to you?

How about I take your game and smash it

Posted: 9/30/2011 11:34:18 AM EDT

[#14]

"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.

Posted: 9/30/2011 11:35:26 AM EDT

[#15]

So who has the money? If all these countries have nothing...where is it?

Posted: 9/30/2011 11:41:49 AM EDT

[#16]

Quoted:
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.

[ARCHIVED THREAD] - Ukraine is weak

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