Sad
Posted on 01/26/2024 2:26:53 PM PST by UMCRevMom@aol.com
A U.S. Senate committee approved legislation on Wednesday that would help set the stage for the United States to confiscate Russian assets and hand them over to Ukraine for rebuilding after the destruction of the nearly two-year-long war.
The Senate Foreign Relations Committee voted 20 to 1 in favor of the unprecedented "Rebuilding Economic Prosperity and Opportunity (REPO) for Ukrainians Act."
If it were to pass the full Senate and House of Representatives and be signed into law by President Joe Biden, as expected, the act would pave the way for Washington's first-ever seizure of central bank assets from a country with which it is not at war.
Senator Ben Cardin, the Democratic foreign relations committee chairman, was optimistic about the bill becoming law, noting that it has broad support, from both Democrats and Republicans in the Senate and House, as well as from Biden's administration.
"Ukraine is on the verge of being overrun by Russia if we do not give them the help that they need... and we all know that it will not end with Ukraine," he said, before the committee voted. The House Foreign Affairs Committee has passed a similar bill, also with overwhelming bipartisan support. Cardin said he expected the Democratic-majority Senate and Republican-majority House would be able to resolve the differences between the two bills.
The EU, United States, Japan and Canada froze some $300 billion of Russian central bank assets in 2022 when Russia invaded Ukraine. Only about $5 billion to $6 billion are in the United States, with most held in Europe, and most of those in Belgium's Euroclear central securities depositary.
"This is intended to be a big hammer. It's intended to be a very new way of attacking a country that does not behave itself," Republican Senator Jim Risch said.
(Excerpt) Read more at reuters.com ...
GTFO Free Republic.
Troll-wench.
Happy to oblige. 😁
For some reason, those Sleestaks seem to really trigger the zeepers.
Exactly so, in the grand scheme of things.
They are both run, however, by bureaucracies that have a great deal of input on HOW they affect you. What, for instance is covered by Medicare and how much is paid for a procedure, or how to calculate SS COLA, etc. Those are policies, if they are not dealt with in detail in statutes.
Its part of the continuity of policies, generally.
Arming Ukraine, is, I think, part of the broader continuous policy set that began in 1939-40, with US aid to China.
That is both hostile and impolite.
Sad
The whole government is stupid and gone mad. Thievery everywhere, pedophiles, trannies, drugs, dead justice system, dead health care system. ETC. One sick and stupid move after another.
What a freaking mess. And these Ukraine dopes only care about getting other people’s money to turn that ruined hellhole into another western f’ed up failure. Bunch of crooks.
Another finger wagging, zeeper Hall Monitor...
Policy (and its interpretation and operation) in support of statute is a far cry from arbitrary political positions that have no basis in statute. As for the wild connection you cite for USAID to China, etc. during WWII, there is no war declared by the US congress - no statute.
Biden does it because he can and his lickspittle Congress and rest of deep state government allow him to do it. Doesn’t make it legal. All this time since Obama declared “DACA” and not one piece of supporting statute to legalize it. Not one. Biden wants to do the same thing, and he’s getting flak for it and whining like a dog.
Thats the latest data I think.
There was no war for the US at that time either. But the US nonetheless was providing financial, material and sanctions (on Japan) aid to China.
That is the first case I know of where the US aided a belligerent in support of its longstanding strategic interests. But it certainly wasnt the last. Over the next 90 years the US did a lot more of this.
Aid to Ukraine is entirely in the same cause, a continuity of US long term strategy.
Quite. Be polite and argue substance. That way is civilized and pleasing to God.
“Japan remains the largest non-U.S. holder of U.S. government debt.…”
Japan has been buying hugely to offset the losses- skewed reporting.
“China’s holdings of Treasuries fell further to $805.4 billion in August, the lowest since May 2009, when it had $776.4 billion, data showed...”
Do remember when China held $$$1 trillion in US debt….China, India, Brics are selling off, US has found a patsy to fill the huge gap.
Why not? The globohomo/neocon alliance has already stolen $200Billion, borrowed and pi$$ed away on graft and neocon bloodlust. $200Billion and counting in debt that the globohomos and their neocon stooges have saddled my grandchildren with.
All government holders of US treasuries are down. That accounts for most of China.
The record amounts are due to private holders, mainly international banks and investment funds.
Just as we put the squeeze on Japan before Pearl. History has a way of repeating itself.
Every time they pull moves like this, it gives more incentive to all the countries working to find an alternative to the official currency of Globohomo.
It is on that Accelerationist basis that I urge them to do it.
The bulk of that, btw, is the imputed value (vastly overstated) of equipment transfers, which the US already held in surplus. So your children arent as badly off as you think :)
Proper market pricing for the bulk of what the US has sent, like those Bradleys and M1’s and Humvees and MRAPS, is scrap value.
They are even being saved the disposal costs of, for instance, cluster munitions. There is no scrap value in that.
The record amounts are due to private holders, mainly international banks and investment funds.
——
Wrong, false, the largest holders are, Japan, China, England, Belgium….their holdings PALE to what the Federal Reserve now owns…..the Federal Reserve is the largest holder of our OWN debt….the snake is having to eat it’s own tail.
“ U.S. Treasuries held by the Fed maturing in greater than one year but less than five years total around $2.1 trillion. This segment alone represents more than one-third of the Fed’s Treasury bond holdings.…”
(Dated 2021, now much greater )
Let that sink in, dwell upon what that means….if Japan and England didn’t step in to increase their holdings, the Fed would have to buy even more US debt- no one else is buying in any meaningful quantities….which is why the Fed had to step in and buy $200 billion of Treasuries recently….this can not last much longer.
….time is on Vlad’s side, we are a dead man still walking.
We were talking of foreign holdings of US Treasuries.
Thats what you brought up, with reference to BRICS, etc.
The increase is due to international private holdings. HSBC for instance is not China, the government, but may be reported as “China”.
I showed that foreign Treasury holdings were up lately, not down. I suggest you concede the point, and go on to another.
I don't need someone who is arrogant and full of pride preaching to me about God.
Proverbs 16:5 - Every one that is proud in heart is an abomination to the LORD
Just 2 days ago you submitted these 2 posts:
1/24/2024, 3:45:20 AM · 81 of 200
buwaya to bimboeruption
Nope, I am not a citizen of your country. But I lived there for 40 years, married an American, and left you my American children, who are all scary smart and talented. I have thereby added vastly to your national wealth.
And, more important, I have a store of knowledge and experience that I am certain you can’t match. So the smart thing to do, in ypur case, is to listen with humility and appreciation. It is a sort of IQ test, in fact. Post Reply | Private Reply | To 47 | View Replies
And this:
1/24/2024, 3:54:43 AM · 85 of 200
buwaya to Darksheare
I AM superior. I can’t help that, it is simply so. You, on the other hand, are resentful. That is an...uglier state of being.
Post Reply | Private Reply | To 82 | View Replies
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And if someone posts something that violates FR's Code of Conduct, report it, move on and quit whining.
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