Shock Doctrine, Ukraine edition

[marmar]

JESSICA DESVARIEUX, TRNN PRODUCER: Welcome to The Real News Network. I'm Jessica Desvarieux in Baltimore. And welcome to this edition of The Hudson Report.
Now joining us is Michael Hudson. Michael is a distinguished research professor of economics at the University of Missouri-Kansas City.
Thanks for joining us, Michael.

MICHAEL HUDSON, PROF. ECONOMICS, UMKC: Good to be here, Jessica.

DESVARIEUX: So, Michael, we've been covering Ukraine quite extensively. And I know you've been keeping track of things on the economic front. What's the latest?

HUDSON: Well, one of the things that has not been in the news is that a recent Senate bill, 2277, directed the U.S. Agency for International Development to begin guaranteeing loans for the tracking of oil and gas in the Ukraine. And Vice President Biden's son has become the head of the biggest fracking company in the Ukraine. And what's not usually known is that the armies from Kiev that are marching into the Eastern of Ukraine have been basically protecting the fracking equipment.

Now, for the last nine months, local cities in the east in Ukraine have said, wait a minute, we want local control over the fracking. The people in the city of Sloviansk wanted to oppose the shale gas field from being developed, 'cause they said, look, this is going to destroy our water supply and our land. And essentially what Kiev is doing is saying, well, you're terrorists if you're opposing the oil drilling.

Now, just imagine in this country if President Obama and Vice President Biden were to send troops into upstate New York, which has opposed oil/gas drilling, and bombed Rochester, bombed Buffalo, and began just bombing the cities and shooting the opponents of the fracking. That's exactly what's happening in the Ukraine. And they're doing this supported by the World Bank. The whole attempt is to make Ukraine independent from having to get the gas imports from Russia. And yet already the neighboring Czech Republic, the Netherlands, France, Germany, they've all--Germany's halted the shale gas drilling for seven years because they worry it's going to destroy the groundwater. ...............(more)

The complete piece is at: http://truth-out.org/news/item/25365-how-world-bank-and-imf-plan-to-dismantle-ukrainian-economy

[dixiegrrrrl]

1. Sigh...seems it is always about the oil, doesn't it?

Looks like Biden Jr. is gonna get some US loans. I would be surprised if they have to be paid back.

[Karmadillo]

2. Profit for the elites? I thought the whole point of overthrowing the freely elected

government of Ukraine was to bring them democracy.