Debt Rattle Mar 6 2014: Hide and Don’t Seek

 

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    Lee Angle Fort Worth Flood 1949 Crimea just declared itself part of Russia. Well, its government did. What the status is of that government is unclear
    [See the full post at: Debt Rattle Mar 6 2014: Hide and Don’t Seek]

    #11645
    Professorlocknload
    Participant

    The manipulators of the cost of capital, the most vital element in the world of markets, have no clue they have destroyed the key price discovery mechanism necessary to the survival of those very markets that feed them.

    #11660
    Gravity
    Participant

    https://en.wikipedia.org/wiki/Crimean_referendum,_2014
    https://www.theguardian.com/world/2014/mar/06/ukraine-crisis-russia-crimea-eu-un-live
    https://www.zerohedge.com/news/2014-03-06/ukraine-acting-president-loses-it-over-crime-against-nation-crimea-referendum

    The Crimean referendum concerning secession cannot be rejected as illegal by an argument of unconstitutionality without equally delegitimizing the unelected government in Kiev, rendering said government unequivocally unconstitutional and without jurisdiction in equal measure. The argument that unilateral secession is against international law equally delegitimizes Kosovo’s independence from Yugoslavia, whereas the budapest memorandum guaranteeing Ukrainian territorial integrity is irrelevant to regional secession. Regional secession beyond constitutionally delineated procedures cannot be rendered unconstitutional by unconstitutional bodies during a constitutional crisis.

    Because the new legislative body of Ukraine’s government was not established by proper elective proceedings and remains constitutionally illegitimate, lacking jurisdiction to establish itself [and removing president Yanukovych without valid impeachment proceedings], a constitutional crisis does exists within Ukraine until resolved by reestablishing a nationally elected representative government.
    Therefore, the constitutionally delineated legal authority and supremacy
    of national governmental bodies over regional bodies is void and inoperative until such time. The illegitimate national legislature currently lacks jurisdiction to dissolve the Crimean parliament, or to argue the constitutionality of Crimeas referendum.

    The Crimean republic as an autonomous region as yet consists of a more legitimate governmental body than Ukraine as a nation, being elected, the Crimean governmental body remains more representative of the Crimean and Ukrainian people than the newly unelected national government in Kiev.
    Prior to legislative validation of a popular referendum towards regional secession, Unilateral secession by decree is the least legitimate means of secession, whilst proactively weakening the democratic legitimacy of the expected referendum outcome concerning the same question, although this method of secession is more legitimate than subordination to an unelected national jurisdiction.

    Therefore the Crimean republic, being a legitimately established representative body, commits a less severe constitutional infraction by unilateral secession than by subordination to an illegitimately established national body which is infringing regional autonomy and military jurisdiction.

    As a sovereign republic, Crimea attains full military jurisdiction
    concerning Russian military facilities and in admitting or denying
    Russian military personnel to its territory. Military facilities within Crimea under Ukrainian jurisdiction prior secession do remain territory of the Ukrainian nation and may not be legally annexed by the Crimean republic, being unclaimable as territory absent a state of war. If said bases were occupied by Ukrainian military personnel prior secession, said Ukrainian personnel cannot be accused of infringing Crimean territory if remaining within facilities on Ukrainian territory, pending evacuation.
    Otherwise, Russian claims to access or legally occupy Russian bases on Crimean territory prior to Crimean secession would be retroactively delegitimized in equal measure.

    https://www.zerohedge.com/news/2014-03-07/russian-troops-storming-ukraine-air-force-base-crimea-time-reports-citing-crimea-tv

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