The Ugly World Banking Conspiracy Against Ukraine Unmasked
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 fracking 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.
Now, in the Eastern Ukraine, where the fighting is now, all of the groundwater under Dnieper and the other major water flows flow into Yalta and into the Crimea. They’ve turned off the water, most of the water, to Crimea, trying to starve it. So there’s a diversion of water away from agriculture towards the fracking.
So the intention is to make the Western Ukraine look something like Ireland in the 19th century, when the British landlords owned much of the Irish land, put sheep on it, getting rid of the people on the land. And even in the midst of the Irish potato famine, Ireland was still exporting grain to England, because the grain lands were owned by the British landlords. In this case, for the Ukraine what you’re going to have is foreign ownership of Ukrainian agriculture exporting food that Ukrainians aren’t able to buy because of the dismantling of the Ukrainian economy that you’re seeing today as they’re fighting the war there. [Note: This pattern happened before to Ukraine in the 1930s under the Soviets]