Does Anyone Care That Ukraine's Economy Has Just Collapsed?

Mark Adomanis, Forbes: Ukraine's Economy Is Collapsing And The West Doesn't Seem To Care

Earlier reports, including my own, that Ukraine’s currency lost 30% of its value were not entirely accurate. The reality was actually quite a bit worse: the hryvnia shed roughly 50% of its value over the course of just two days, a stunning rout that places the country a hair’s breadth away from default.

WNU Editor: Mark Adomanis is right when he says the following ....

.... Unless the West steps in to massively aid Ukraine’s economy in the very near future the country will simply not be able to afford the “anti-terror operation” in the East. Justification has nothing to do with it: without money, it just isn’t possible to field a modern military. Someone has to pay the salaries of the soldiers fighting in the Donbas, someone has to buy the gasoline necessary for to get them there, and someone has to pay for the ammunition they use. Given its precarious state finances Ukraine’s ability to do this has always been constrained, but now it’s about to run out.

Ukraine is out of money .... and if anyone needed more proof on how out of touch the West is when it comes to Ukraine's finances .... the following takes the cake .... Donors plan Ukraine conference in April to raise $15 billion (Reuters). April!!!!!! They are going to wait until April where they will try (and the operative word here is that they will try) to raise some money?!?!?!?! April is too late .... in fact .... everything in Ukraine is being cut now or is being closed down .... the collapse of the currency last week was the final nail in the coffin.

On a personal note .... readers of this blog know that I have family in Ukraine. Had a long conference call with all of them today ....to say that the situation is dire is an understatement. Fortunately .... my family in Ukraine has resources that will help them survive .... but they are the lucky ones .... for most Ukrainians 2015 is going to be an incredibly difficult year. My prediction .... even if the war ends today .... the economic collapse of Ukraine is going to spur a massive migration out of the country. Do not be surprised if by this time next year Ukraine would have lost 1 - 2 million of its best and youngest.