Wednesday, February 26, 2014

A Free Ukraine- Steps to Ukraine Economic Recovery- An Advisory

Okay, so now what? Here's what I believe the people of Ukraine want:

1. A free democratic election next month, not in May.
2. Yanukovych and his friends, and others can freely leave the Ukraine today!
3. His assets will be purchased at fair market values by the government. Yanukovych and his family will be guaranteed to receive the proceeds without any assessments against his assets. Yanukovych and his family, friends, others will not be harmed by any person or by any means. Let them leave Ukraine and be done with them.
4. Clean up the streets.
5. Restore order but not by force. Instill pride in your citizens. Not bitterness. Now is not the time to celebrate your victory. Lives have been spent on both sides of the conflict.
6. Guarantee the safety of the Eastern part of the country and its citizens who do not choose to leave. They are your friends, neighbors, and possibly even family. It is time for you to strive for peace.
7. Sit down tomorrow and establish a temporary government with the head of Parliament as a temporary leader.
8. In one month from now, have a truly democratic election to determine two things:
a) the new President of Ukraine.
b) Whether Ukraine will join Russia's Economic Union or the European Union. A majority vote wins in each separate election. No tricks, no election fraud, no corruption. Got that?

Economic Advice

1. Your current GDP to debt ration is around - 39.90 % this s not great, but not that bad considering the recent political events. 

2. Your average income is between $7,000 and $30,000 per person, but mainly on the lower end. This has room for improvement. 

3. Russia's purchase of exports (25-30%) could substantially decrease, the EU and the United States could process these goods into the UN World food program serving a joint purpose. If the crops, etc. are funded by foundations, all the more better. It is time for the wealthy to contribute more to society, after all, they have benefited so much on th backs of others in the past. 

4. Big box stores in the EU, Australia, the United States, and Canada could guarantee purchase of all merchandise not covered under the previous items.

5. Expanding the Ukraine exports - to increase the number of jobs, increase the income levels of Ukrainians, and to instill economic stability over a long term period, the Arab states, the EU and others should prepare to provide long term supplies of natural gas, oil, and wind power, and solar projects to Ukraine, with the long term goal to make Ukraine energy efficient. 

6. A reduction in the government GDP to debt of 4% per year with a balanced budget over 7 years should be the target. This is obtainable and would not create much more of an economic conundrum.Fraud and corruption would need to be rooted out, as would government waste.

7. Interest payments on Ukraine debts should be set aside for the next (9) months to a year (best) to permit the reconstruction of the government, establishment of new markets, establishment of new contracts for material goods, and provide the opportunity to reset the economy on a more firmer ground. 

8. The IMF and others should have a sit down meeting in the next two weeks and establish loan guarantee guidelines. 

9. The ECB should extend the EFSB covering to emerging and anticipated future members by a vote of the EU legislature this week. 

10. Stability to Ukraine's economy is essential as is guaranteeing the safety and free passage of those who desire to leave Ukraine (including Mr. Yanukovych and family). Bid them farewell and be done with it. In this minor skirmish, both sides were at fault. If Yanukovych is held criminally liable, every protester must be held similarly liable. This is only fair and just. It is much simpler to let them leave and be a part of the past and move on. 

11. Employ people to clean up your country- even if it is only in exchange for food. 

12. Deal fairly with your friends as well as those who oppose(d) you. Both are of economic value. 

13. Take a long term approach to recovery. Build your markets, clientele, and broaden your customer base using all means of marketing including the internet. 

14. Expand the use of email transactions, many of you don't have listed email accounts. Using Facebook to relay personal or business information is not a secure way to conduct government business.

15. Send me your government email addresses to and I will add you to my monthly advisory list.

16. While I use a ten year approach to resolving economic problems, I suggest that you begin to look at a 40 year plan and decide where you want Ukraine to be and begin working on that dream. This will provide you with the motivation to achieve economic recovery in Ukraine. 

17. The intent of this slow approach is to ease the economy away from a recession and bring it into compliance with the EU mandate of reforms and expand the market for Ukraine goods to support those goals. It is a balanced approach intended to create stimulus.

18. The fraud, corruption, and wasted monies should be funneled into small business loans to create jobs and education grants or scholarships to bring Ukraine abreast of the rest of the world in education. 

19. A small tax increase of 5% on those making more than $40,000 should be implemented. 

20. The pay to members of Parliament, government courts, other government employees (those earning more than $40,000 annually) should be cut by 15% asap.  These funds could be better put to use creating markets and jobs. Every little bit helps. 

More to come.....

If you agree with these suggestions, email me at I will post your response to the world.

Ms. Tymoshenko, I am honored to have played a part in your release. I hope to meet you someday on better terms.

Mark Winkle
Founder, The Winkle Institute

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