Sunday, March 16, 2014

The Ukrainian problem.

The Ukraine has two problems: 1. It has a population  that is made up of Russians and Ukrainians and 2. The country is profoundly corrupt and mismanaged.
 
The first graph shows the makeup of the Ukraine and the second graph shows how these regions voted in the election that brought in the Presidency of Yanukovych.
 
 
 
The degree of incompetence and hypocrisy that we saw exhibited in this case is nothing short of phenomenal.
 
1. Yanukovych wasted little time in dragging the previous president into court and jailing her for 7 years.
2. Tymoshenko's supporters then took to the streets and chased Yanukovych to Russia. 
3. Russians in the Crimea rebelled and are having a referendum on joining Russia. No question on how this will turn out.
 
4. The US govt insists that the Crimean referendum is illegal.   The US govt does not have a leg to stand on. It supported the referendum in Kosovo, South Sudan and the Falklands and has voiced no objections to the up-coming referendum this September in Scotland and Catalonia.
 
5. In the meantime, the EU and the US are threatening the Russian Federation with sanctions and Russia is liquidating its dollar holdings. The US even sent a destroyer to the Black Sea and the Russians shot down a US drone sent to spy on them.
 
6. To add insult to injury, Ukraine has sent its gold to the FED where it will be used in illegal price manipulations.

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