Since Ukraine is not part of the EU, it still maintains their own fiat currency. Expecting that Ukraine will impose economic sanctions on the autonomous Republic of Crimea, Russia is rolling in the ATM machines to handle the transition to facilitate Crimea dropping dependence on Kiev’s currency.
One if the IMF recent demands for reform was that the Ukraine Central Bank stop dictating an official exchange rate and allow the free flow of capital at floating rates.
In world conflicts, bankers never seem to be far from the people with the armies.
http://rt.com/business/russia-ruble-crimea-currency-310/
One of the issues when Virginia voted to secede in 1861 was whether they had a proportionate responsibility for the accumulated debts owed by the United States government. The same issue will be used against Crimea. Debt is slavery.
Crafty, that Vlad Putin. I wonder if Vlad the Impaler is in the family tree?
Maybe we should let more illegals into the country, then ask them if they want to vote to become part of Mexico.
You’re thinking of Germany. They are the ones who keep inciting Mexico to invade Southern California
Crimea is 59% Russians and 12% Muslim Tatars which Stalin tried to kill off.
Puerto Rico is a more apt analogy. It wasn’t a part of the US our entire history, and dominated by people who speak Spanish. We’ve had several advisory elections about Puerto Rico voting to become a state (and subject to US taxation, stay the same, or become independent. The status quo works for now – the bennies (including US citizenship) without the obligations. Let oil or gas be found offshore or the US Gravy train stop and watch how fast that could change.
California was part of Mexico.. and now it is a full fledged part of the United States…. more similar to me to the Crimerea that had been part of Russia and is now part of Ukraine.
….besides, they both start with “C” 😉
What if Alaska voted to rejoin Russia? I bet Russia would even give us the money back Seward paid.
Don’t laugh. There had been talk in Russia that the czar was not authorized to sell the land and then pocket the money, so it was not a lawful sale.
It would be like casino Indians (rather than computer Indians) realizing that they owned the land between the casinos… kind of like a manifest dice-tiny.
Biden is in Poland re-assuring them,”We’ll protect you”. Ala Neville Chamberland.
Bet that Helps ! LOL
parrott
If you see Russian tanks roll over the border, fire your shotguns into the air.
LMAO ! That is Exactly what he said Art !
Parrott
One woman was arrested for following jump Joe’s big deal advice – it was a crime to do so in her city.
Russia has a huge advantage that the West has lost: it is being governed and led by intelligent, nationalists.
It is almost funny, but in a tragic way, how clueless the Obama/Hilary/Biden/Kerry folks are. It seems they really believed some of their own bullshit.
Didn’t they every talk to President Carter about 1979?
They haven’t even talked to Patrick Hayward “Pat” Caddell, who could learn ’em a thing or two.