Saving All My for Yu
I love that song, Whitney being one of my teen queens. I love that heart-shaped check mark, BYuT being the party I gave my heart to in the September parliamentary elections.
Of course, I was a little younger than a teenager when "Saving All My Love for You" came out. I was a Soviet 5-year old living in one of the two superpowers that could annihilate each other at a moment’s notice. (Needless to say, we didn't have MTV at the dawn of perestroika.) Unsure of what the future held for them, my parents and grandparents nevertheless decided to save, and so did millions of other Soviet Ukrainians.
Now that I speak some English, there’s something I heard about those savings on Wednesday night. It sounded like a song, too, and I want to share it with you.
If you’re looking for materialistic terms like principal, interest, future value, CPI, indexation, etc, you better quit right now — or it will break your heart. Nowhere does it mention them. Remember, the heart emoticon can be expressed as <3>
So, forget the finance. Enjoy the romance.
I sincerely greet you. We’ve celebrated New Year and Christmas holidays. The time has come to get to work. I want us to start getting used to the idea that politicians carry out the promises they make during election campaigns. We promised to refund the savings lost with the former Oshchadbank of the USSR, and we are doing it. On January 8, depositor registration in Oshchadbank Ukraine began. To register, bring your passbook, a photocopy of your passport, and your ID number. [Ukraine still relies on the internal passport system. A person’s ID number is the equivalent of a social security number.]
At the bank’s branch, you will be met by an administrator who will assist you with all the required paperwork. In a matter of three days following the registration, the money will be transferred to your account. If your deposit does not exceed 1,000 hryvnias [$200], you will receive the full amount [In fact, deposits were made in Soviet rubles.] But if your deposit is more than 1,000 hryvnias, you will receive your first payment of 1,000 hryvnias. And then we will continue. You will decide how to spend this money: whether to take cash or to leave it in your Oshchadbank account at the annual interest rate of 13.5 percent.
I ask you, my dear ones, and especially elderly people: do not worry and do not stand in long lines. Deposit registration and savings disbursement are not time sensitive. May God give you good health, and each of you will be guaranteed to receive what is earmarked in the budget. Our task is to organize the payout so as not to provoke accelerated inflation, so that the money that is coming back to people will not be lost on its way to the store. A responsible government should support the savings payout with a host of counter-inflation measures.
That’s why we will offer, as a supplement to the 1,000 hryvnias, which you will receive in cash, to use according to your wish the remainder of your deposit to pay for utility debt and current bills, to pay for your kids’ education, and to pay for durable consumer goods such as: television sets, refrigerators, and other consumer electronics. In a month’s time, the government will pass related regulations that will allow you to use your savings to buy goods and services. It’s just that some time is needed to work out the related active and failsafe mechanisms.
You will get all the answers to your questions regarding the savings payout by calling our hotline toll-free: 8-800-501-34-10. Wrong were those who dismissed our statements about returning the lost savings as hollow campaign promises. Our team keeps its promises. This year, the amount paid out will be 30 times as much as our predecessors did in 2007, and five times as much as has been returned to the depositors throughout the 17 years of Ukraine’s independence. And this is just the beginning.
Our work on returning the lost savings is eliciting a critical and sometimes even hysterical response from our political opponents. I don’t want to waste time arguing. We’re giving the money back, and that’s it. It so happened that the real work on savings compensation began at Christmas time. Given this opportunity, let me send my New Year and Christmas greetings to you once again, and let me ask for God’s blessing for a good cause. Good luck!
Video uploaded from: http://censor.net.ua/go/offer/ResourceID/72872.html
Saturday, January 12, 2008
Saving All My for Yu