The G7 has voted to use the interest on frozen Russian assets as a loan to Ukraine. The frozen assets are primarily in banks in Europe and are valued at $260 billion. The amount representing the interest has been determined to be $50 billion or 19.2%. Frozen for 2 ¼ years that would indicate an interest rate of roughly 8.53%. Despite the funds being held in EU banks, the loan guarantee will be from the US. In addition, the US is sitting on the REPO Act giving Congress the right to seize $5 billion in Russian Assets…
The REPO Act is possibly one of the most egregious pieces of illegality to ever be submitted – Sponsor = Michael McCaul 2023. It sits in the House, has NOT been passed, and yet the G7 is acting on it. The Act basically says that America can Confiscate Russian Assets. Overruling the ‘frozen’ rules based order as defined across every country – Sovereign Assets. McCaul’s Bill states that these stolen assets must be put in the Treasury’s Ukraine Support Fund – which does not exist.
While the actual terms of this ‘loan’ have not been revealed, the issue of a potential default is concerning. But the illegality from an international standpoint is clearly worrisome. The point being ‘precedent’. International Law states that only a country that is directly injured has the right to sanction and freeze the assets of another country. In the case of Russia – Ukraine would be the only country allowed to issue such a sovereign legislation.
When the EU and US create internal ‘Laws’ – allowing them to act outside International Law, the entire system is corrupted and broken. By establishing an interest rate of 8.53%, even under internal laws, that money belongs to the account holder – Russia - and is now a liability at a predefined high rate of return.
There is currently $27 Trillion in Treasury securities outstanding. The vast majority is short term. Given China’s slow selloff, Japan is now the largest foreign owner. Our entire Social Security Holdings are backed by Treasury securities, earning roughly 4.7%. Treasury Securities are not backed by assets, they are backed by ‘faith in the government’. A pinky swear promise to pay if they can…
Ukraine’s outstanding debt is $152 billion. It is currently in the midst of negotiating a write-off and restructuring of its debt because the country is broke. The reality? Ukraine will never pay back the $50 billion and given the US Guarantee on behalf of Europe, US Taxpayers just handed the EU $50 billion in free money.
Ukraine’s bondholders include BlackRock, Pimco and the IMF. In order to write-off debt, Ukraine would have to trade a percentage of its resources. But Russia is claiming four regions in the eastern portion of the Country are Russian territory, including: Donetsk, Lugansk, Kherson and Zaporozhye. The Donetsk and Zaporozhye regions are replete with the untapped rare earth minerals that stakeholders are drooling to rape. IF Russia claims these regions, the value of Ukraine to its bondholders is now minimal against the risk.
By ignoring and devaluing the International Court, the UN, and the globalist institutions created by the same Cartel, has effectively imploded itself from within their own structures. Essentially the same agenda used by Soros et al to destroy America – from within; via debt, and societal collapse.
US National Published debt is $34.6 Trillion, representing debt held by the public and intragovernmental holdings – the largess attributed to Social Security and Medicare Treasuries. However, according to an analysis by Truth in Accounting, they assert that the true debt is $157 Trillion based on ‘unfunded liabilities for Social Security, pensions, health care, and Medicare’. No amount of tax increases will ever make a dent in that number – it is unsustainable.
The US and Western Cartel have no idea how to mitigate the debt that they have created. They are isolating their own creation of the Globalist Structures, UN, IMF, WHO, etc…, the BRICS are moving trade away from the petrodollar, and Saudi Arabia did NOT renew the oil for dollars trade pact instituted 50 years ago. Their reaction? LIE.
Put together, these actions place America at the critical edge of the proverbial cliff. And every country’s head of state knows this. They know that they have to hold up America by these tenuous threads because it’s a domino game. This is likely the pivotal reason they accept the idiocy of pretense regarding Biden. America holds the fate of the entire Western Cult. The dollar goes and every elite investment portfolio crashes. Those Treasury Securities are backed by Assets of $5 Trillion or a net worth Treasury of -$41 Trillion.
To ignore this is insanity – but no one has a viable solution. The same government that established Social Security and Medicare, the same government that required every working American to participate, the same government that was tasked with investing that money simply backed it with debt. So no, there is no Social Security – because there is no money for any government program.
The idea that the US is going to guarantee the debt of Ukraine using Russia’s money which is held in European banks to which we have no legal right is outright FRAUD. It is a means of circumventing Congress. The fact that America creates Laws that allow it to circumvent international laws while picking and choosing which International Laws apply - is FRAUD.
America’s Justice system is operating fraudulently. Our Treasury is operating fraudulently. And the only way to keep them alive is to colonize more countries and force them to buy Treasury Securities until … it ends.
A PONZI Scheme
Always a thank you ~
So many truths in one essay, it's hard to find which one to comment on. Splendid, as always.