Uploaded on Friday 10 July, 2015 to the world order
War-torn Ukraine: Ukrainian/Russian fallout post Soviet era
Conflicts are inevitable when parties are interdependent in a relationship. Ukraine used to have a manageable relationship with Russia, up until things turned sour by the turn of the century. When independence was ceded to Ukraine in 1991, a gradual crescendo of divisions set in between east and west Ukraine. These divisions hit a climax during the 2004 presidential elections, with the west eying a rapprochement with the Occident in order to disconnect from Russia and fulfil nationalistic ambitions, and, the east preferring a return to the status quo ante of deeper ties with Russia.
The Orange Revolution of 2004 set the stage for what would follow. After the nationalist camp won the presidential elections that year, hopes were running high that Ukraine would join the common market and forge closer ties with the European Union and the United States. Those hopes ultimately faded away like a Fata Morgana on the horizon.
Dysfunctional and mired in corruption, embattled Ukraine has become ever more impoverished, with GDP contracting at circa 15% year-on-year. The symptoms thus far reveal a discernable prognosis—short-sighted leadership and a crumbling world order.
Ellen Hodgson Brown, President & Founder of the Public Banking Institute (PBI) and author of such books as "The Web of Debt", The Public Bank Solution", addresses the PBI 2012 conference in Philadelphia.
Victoria Grant, seen here aged 12 years old, addresses the first annual Public Banking Conference in Philadelphia, PA. Her father and she discovered that the debt money system was what was wrong with the Canadian economy and decided to do something about it.
The Bank of North Dakota was established by legislative action in 1919 to promote agriculture, commerce and industry. North Dakota is the only state to have escaped the credit crisis. For every year since 2008, it has run a budget surplus and it has the lowest unemployment figures in the US, the lowest default rate on its loans and the lowest foreclosure rate.
Mike Krauss, Chairman of the Pennsylvania Project, puts forward his proposal, based on the success of the Bank of North Dakota, to create a Public Bank for the state of Pennsylvania. Such a move would free the state from the clutches of the Fed, reduce the debt burden, boost investments and serve the public interest.
Most people hold the view that their bank deposits are safe with the big commercial banks, however, this assumption is not based on the facts. This video features official government documents detailing information that should sound anyone's alarm bells [edited].