everyone knows that ukraine is a failed state but what you're about to hear might surprise you
ukraine right now understands that there's no hope of their economy ever returning to what it
once was which was still not that great i mean it was like the most corrupt country in all of europe
one of the most corrupt countries in the world uh you know it's not like it was a booming you know
economy maybe a booming tourist hub for those who are looking for offshore accounts to hold their uh
hold their corrupt dealings and antics but other than that uh not not a not a place that was known
to be like an economic hub of the collective west now uh the situation has obviously gotten far
worse and it's not going to get any better any time soon the united states passed the lynd
lease act which is allowed for the united states to send the endless supply of arms
into ukraine of course ukraine is supposed to pay america back on a loan based payment system for
these arms but that is not going to happen uh they are not going to pay the uh united states back
the european union many eu member states have done similar acts uh the uk of course similar acts and
the eu has said that they are going to front the cost to rebuild ukraine of course it's going to be
a fragment of what ukraine once was because russia in this very moment as i sit here broadcasting
to you live is currently rebuilding ukraine they're rebuilding donetsk they're rebuilding
lagos they're rebuilding mariupol they're rebuilding these regions of ukraine that were
absolutely destroyed in the fighting on both sides okay now what i will say is that ukraine has just
come out with a very interesting announcement which i'm going to share with you in a second but
first you need to hear it from the people who've been spitting facts for the longest period of time
russia they're saying ukraine is bankrupt ukraine has lost its financial independence
as it cannot meet its obligations to its citizens without western help russian state duma speaker uh
waichasla vekaslav voladin wrote on monday taking a telegram bulletin claim that the collected taxes
form only 40 percent of the country's budget more than 60 percent of which covers military spending
ukraine's monthly deficit amounts to five billion dollars of voladin reminded ukraine
is bankrupt so the united states has been sending billion upon billions upon billions of dollars to
ukraine i mean the most recent weapons package we just sent over there was 5.5 billion dollars
i mean like that that's only gonna be able to provide if that was in terms of fiscal aid that
would only provide ukraine with enough you know money to stay afloat for like a month
really and you have all these men who are fighting on the front lines right now who aren't able to
get paid ukraine is officially now defaulting on their loan payments uh the situation is grim for
ukraine as i'm sure you can imagine i mean like their economy is in tatters they they're most
of their population is left well not most but a significant portion of their population has
left ukraine like it's not a place to be right now yet despite all of that information that we
just laid out ukraine is deciding to do this they're boosting military spending what the
ukrainian parliament approved on monday a boost to defense spending amid the ongoing military
conflict with russia according to the bill passed by the rada the country's parliament's the verkov
narada the government will be authorized to raise an additional 270 billion hrivnas
7.3 billion dollars through domestic borrowing domestic borrowing that is the key phrase there
so this is not an extra 7.3 billion an additional 7.3 billion dollars 270 billion horizons that they
are taking from the united states or from the eu or the uk or whoever this is 7.3 billion dollars
that they are going to try to source through domestic borrowing now we all know there's tons
of oligarchs that are very wealthy at the you know hands of u.s corrupt oligarchical elites
in ukraine but i mean 7.3 billion dollars through domestic borrowing we'll see about that this
will allow an extra 241 billion hrivas to be allocated to the defense ministry and for more
funds to be provided for to the police security and intelligence services those of which you know
voldemort zelinski is currently unraveling the move comes after the wall street uh
journal reported that a shortage of funds risk becoming ukraine's achilles heel in the conflict
let's send some more money folks how about that we have to worry about winning the award it's better
to risk high inflation than not to pay soldiers salaries finance minister sergey martchenko
told the wall street journal last week about the national bank of ukraine's strategy of
printing more money marchenko told news agency rbc ukraine on monday that kiev hopes to reach 12 to
16 billion dollars from foreign lenders by the end of 2022 the exact sum will depend on negotiations
with former partners he said okay so do you guys think that ukraine is going to be able to source
12 to 16 billion dollars from foreign lenders and make up for an additional 7.3 billion dollars in
domestic borrowing uh within the coming months to try and avert a crisis a crisis which is going to
an aversion which is actually going to create another crisis a hyperinflation
crisis in their country i don't well maybe it will but maybe the whole thing's just gonna
implode it's already pretty bad i mean we'll have to keep watching and see what happens but
this is not good not good decisions here and um an interesting and interesting development
why is ukraine having to source domestic borrowing to the tune of 7.3 billion dollars for something
as dire as paying their soldiers because you don't pay your soldiers they're not going to
keep fighting if you don't pay your police they're not going to stay on the force if you don't play
pay your sbu they're not going to keep doing your you know state-sanctioned violence
why can't they get the u.s to pay the front anymore what because that's what we've been doing
the 45 bill that we sent over there that was to fund and part soldiers to fight on the front
line so why can't they get money from the u.s anymore why can't they get money from the uk
or the eu anymore what's happening ukraine is the money flow running dry i'd hate to see it
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