by Paul Craig Roberts
March 29, 2014
It is now apparent that the "Maiden protests" in Kiev were in actuality a
Washington organized coup against the elected democratic government.
The purpose of the coup is to put NATO military
bases on Ukraine's border with Russia and to impose an IMF austerity program
that serves as cover for Western financial interests to loot the country.
The sincere idealistic protesters who took to
the streets without being paid were the gullible dupes of the plot to
destroy their country.
Politically Ukraine is an untenable aggregation of Ukrainian and Russian
territory, because traditional Russian territories were stuck into the
borders of the Ukraine Soviet Republic by Lenin and Khrushchev.
The Crimea, stuck into Ukraine by Khrushchev, has already departed and
Unless some autonomy is granted to them, Russian
areas in eastern and southern Ukraine might also depart and return to
Russia. If the animosity displayed toward the Russian speaking population by
the stooge government in Kiev continues, more defections to Russia are
The Washington-imposed coup faces other possible difficulties from what
seems to be a growing conflict between the well-organized Right Sector and
the Washington-imposed stooges. If armed conflict between these two groups
were to occur, Washington might conclude that it needs to send help to its
The appearance of US/NATO troops in Ukraine
would create pressure on Putin to occupy the remaining Russian
speaking parts of Ukraine.
Before the political and geographical issues are settled, the Western
looting of Ukraine has already begun. The Western media, doesn't tell any
more truth about IMF "rescue packages" than it does about anything else. The
media reports, and many Ukrainians believe, that the IMF is going to rescue
Ukraine financially by giving the country billions of dollars.
Ukraine will never see one dollar of
the IMF money.
What the IMF is going to do is to substitute
Ukrainian indebtedness to the IMF for Ukrainian indebtedness to Western
banks. The IMF will hand over the money to the Western banks, and the
Western banks will reduce Ukraine's indebtedness by the amount of IMF money.
Instead of being indebted to the banks, Ukraine
will now be indebted to the IMF.
Now the looting can begin. The IMF loan brings new conditions and imposes
austerity on the Ukrainian people so that the Ukraine government can gather
up the money with which to repay the IMF.
The IMF conditions that will be imposed on the
struggling Ukraine population will consist of severe reductions in old-age
pensions, in government services, in government employment, and in subsidies
for basic consumer purchases such as natural gas. Already low living
standards will plummet.
In addition, Ukrainian public assets and
Ukrainian owned private industries will have to be sold off to Western
Additionally, Ukraine will have to float its currency. In a futile effort to
protect its currency's value from being driven very low (and consequently
import prices very high) by speculators ganging up on the currency and
short-selling it, Ukraine will borrow more money with which to support its
currency in the foreign exchange market.
Of course, the currency speculators will end up
with the borrowed money, leaving Ukraine much deeper in debt than
The corruption involved is legendary, so the direct result of the
gullible Maiden protesters will be lower Ukrainian living standards, more
corruption, loss of sovereignty over the country's economic policy, and the
transfer of Ukrainian public and private property to Western interests.
If Ukraine also falls into NATO's clutches, Ukraine will also find itself in
a military alliance against Russia and find itself targeted by Russian
This will be a tragedy for Ukraine and Russia as
Ukrainians have relatives in Russia and Russians have relatives in Ukraine.
The two countries have essentially been one for 200 years. To have them torn
apart by Western looting and Washington's drive for world hegemony is a
terrible shame and a great crime.
The gullible dupes who participated in the orchestrated Maiden protests will
rue it for the rest of their lives.
When the protests began, I described what the consequences would be and said
that I would explain the looting process. It is not necessary for me to do
so. Professor Michel Chossudovsky has explained the IMF looting
process along with
much history here.
One final word. Despite unequivocal evidence of one country after another
being looted by the West, governments of indebted countries continue to sign
up for IMF programs.
Why do governments of countries continue to
agree to the foreign looting of their populations? The only answer is that
they are paid.
The corruption that is descending upon Ukraine
will make the former regime look honest.