Now, what is in that $40B package supposedly for Ukraine?
-8.7B for replenishing US weapons stockpiles
-3.9B for USEUCOM
-5B for global food supply chain-6B for weapons and training for Ukraine
-9B economic assistance to Kiev
-0.9B for Ukrainian refugees— Dr.Snekotron (@snekotron) May 20, 2022
…as it is a backdoor cash injection into the corporate economy. But it is politically burdensome because American public still behaves as if the current fiscal regime still operates as a hard specie economy, ie the useless bickering about debt.
— Dr.Snekotron (@snekotron) May 20, 2022
The value of currency is determined by international demand, and with the USD's leading role as a reserve currency, one should not underestimate the money creation powers of the US government.
However its political sensibilities are antiquated. This is the stumbling block.
— Dr.Snekotron (@snekotron) May 20, 2022
AC