by Martin Armstrong, Armstrong Economics:
The United States Treasury Department expedited a $20 billion aid package to Ukraine as part of the 50 billion G7 Extraordinary Revenue Acceleration (ERA) Loans initiative. The establishment wants to offload these funds as quickly as possible to deter Donald Trump from reversing course and withholding aid. The funds were sent to the questionable World Bank and derived from frozen Russian assets.
Will the funds be used for humanitarian aid? No one knows. Joe Biden would have had to call upon Congress to agree to send military aid, although he initially wanted to split the $20 BILLION down the line and devote half to economic aid and the other half to the military. Since there are absolutely no checks or balances on these funds, his administration simply marked it all as economic aid and wired it to the World Bank.
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“These funds – paid for by the windfall proceeds earned from Russia’s own immobilized assets – will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression,” said Secretary of the Treasury Janet L. Yellen, who personally oversaw the transfer. “The $50 billion collectively being provided by the G7 through this initiative will help ensure Ukraine has the resources it needs to sustain emergency services, hospitals, and other foundations of its brave resistance.”
Yellen followed up by stating that Putin is “engaging our coalition in a contest of wills” and hoping the West will retreat on its stance to prolong the war at all costs. She praised the “creative policymaking and the unity of the G7” for prolonging the war that would have ended years ago if not for Western interference. In fact, the war would never have begun if not for Western interference, or dare I say, the deliberate creation of this manufactured war.
Not only does Yellen expect Russia to retreat, but she demands that they pay Ukraine for damages. This could never occur. The premise of aiding Ukraine has created an endless excuse to send funds into the abyss. The World Bank will allegedly place the $20 billion in the Facilitation of Resources to Invest in Strengthening Ukraine Financial Intermediary Fund, yet another overflowing fund intended to save the world from what Yellen called a “belligerent regime.”
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