Video: Ron Paul's Texas Straight Talk 3/30/14: Aid to Ukraine Is a Bad Deal For AllSubmitted by emalvini on Sun, 03/30/2014 - 15:49
Published on Mar 30, 2014
Ron Paul's Texas Straight Talk
By Ron Paul
Sunday, March 30, 2014
Last week Congress overwhelmingly passed a bill approving a billion dollars in aid to Ukraine and more sanctions on Russia. The bill will likely receive the president’s signature within days. If you think this is the last time US citizens will have their money sent to Ukraine, you should think again. This is only the beginning.
This $1 billion for Ukraine is a rip-off for the America taxpayer, but it is also a bad deal for Ukrainians. Not a single needy Ukrainian will see a penny of this money, as it will be used to bail out international banks who hold Ukrainian government debt. According to the terms of the International Monetary Fund (IMF)-designed plan for Ukraine, life is about to get much more difficult for average Ukrainians. The government will freeze some wage increases, significantly raise taxes, and increase energy prices by a considerable margin.
But the bankers will get paid and the IMF will get control over the Ukrainian economy.