In a tiny corner of Eastern Europe, a fledgling Republic struggling with the day-to-day hurdles of warfare and shaky ceasefires, has succeeded in doing what has long been overdue in the most powerful nation on the face of the earth – it has nationalized its out-of-control banks and put them to use for the good of the people.
While the DPR was not faced with a privatized central bank such as the United States and other nations due to the fact that DPR is a breakaway bloc and a new nation separated from the Kiev central bank, it was nonetheless host to a number of larger banking institutions that not only parasitized the people of DPR and Ukraine but also did nothing to improve the infrastructure of these areas or the living standards of the people there.
Emerging out of the stage of mere bands of militias and governing committees, the Donetsk People’s Republic is now in the process of putting together a formal government. Its plans to nationalize banks that have parasitized Ukraine for years have no doubt drawn the ire of not only the oligarchs that own those banks but the Anglo-American banking cartel that essentially owns the United States and NATO countries and who are bent on world hegemony and submission to their will.
The plans to nationalize banks within the borders of the DPR were announced as early as January, 2015.
By April 2015, however, those banks have now been nationalized and the oligarch owners castrated in their ability to manipulate the economy and political sphere, at least in this specific instance. As Roger Annis wrote for Counterpunch, “A nascent banking system has been established in the two republics by nationalizing the banks of the billionaire bankers, notably the Privat Bank of the rightist oligarch Igor Kolomoisky.”
It should be pointed out that Kolomoisky is not only one of the richest men in Ukraine but one who has been a fervent supporter and contributor to the Euro-maidan color revolution cause as well as the current fascist and Nazi government operating from Kiev along with Western support. Indeed, Kolomoisky was even appointed governor of Dnepropetrovsk by the fascist Ukrainian government.
Complete story at - Activist Post: Donetsk Republic Nationalizes Banks, Draws Ire Of NATO and World Banking Cartel
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