Skip to comments.U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities
Posted on 06/03/2011 5:20:17 AM PDT by stevie_d_64
The United States is providing hundreds of millions of dollars of foreign aid to countries that it borrows billions from, according to a report by Congress's research arm.
The Congressional Research Service released a report last month, a copy of which Fox News exclusively obtained, showing that in fiscal year 2010, the latest year that data was available, the U.S. handed out a total of $1.4 billion to 16 foreign countries that held at least $10 billion in Treasury securities, including China ($27.2 million), Brazil ($25 million), Russia ($71.5 million), India ($126.6 million), Mexico ($316.7 million) and Egypt ($255.7 million).
China is the largest holder of U.S. Treasury bonds with $1.1 trillion as of March, according to the Treasury Department. Brazil held $193.5 billion, Russia had $127.8 billion, India owned $39.8 billion, Mexico held $28.1 billion and Egypt had $15.3 billion.
(Excerpt) Read more at foxnews.com ...
Economics Damage Control 101...
If you find yourself in a sinking ship, before you start bailing water (which is a GOOD thing)...
First, plug the leak...
It makes it a lot easier to fix the problem...
Don’t worry, it all comes from “nObama’s stash”.
Barack Obama said the Waxman-Markey carbon tax would help create “green energy” jobs in the U.S. He is now using taxpayer dollars to fund jobs in Spain.
Why Obama Gave Billions To Brazil For Oil Drilling
Redistributer in Chief...
The unfettered hypocrisy of a government run amok. No longer held accountable by the electorate, the ruling elites are clearly not constrained by the Constitution or the ballot box.
It’s time to take back the country. Dumping ‘foreign aid’ to countries able to buy our debt would be a place to start.
What benefit do the People of these United States receive from these gifts of money to governments of other countries?
Is a question like that ever asked or answered?
You think you’d get an answer from Hillary or Chuck???
I’m just asking, not trying to rub salt in yer wounds...;-)
Foreign aid is the best device ever invented to take the money from the pockets of a poor man in one country and to put it into the pockets of a rich man of another country. This is a bribe to keep our securities.
One little fact to keep in mind that all our “money” (dollars), are borrowed into existance bringing with it the corrosponding interest that is owed. We are on the hook for that interest virtually forever.
It’s explaned very clearly in “The Creature from Jeykll Island, a second look at the Federal Reserve” by G. Edward Griffin.
Youll recall the embarrassing deal made by the Obama administration last year to head off Brazils right to impede American exports in retaliation for WTO-illegal cotton support. The United States is, in other words, now sending almost $150m worth of technical assistance and capacity building funds to Brazil, just so we can continue to subsidize American cotton growers without penalty (so much for U.S. promotion of the rule of law in international commercial relations). Rep. Ron Kind (D-WI) tried to end that deal earlier this year, but to no avail. Big Ags friends in Congress argued, unfortunately successfully, that any changes to the cotton bribes should be dealt with in the context of the 2012 Farm Bill, and by the agriculture committees (good luck with that).What benefit do the People of these United States receive from these gifts of money to governments of other countries?
If you believe the selection I posted above, then you are bribing the Brazilians to remain silent about the juice you are paying to the cotton growers.
YEp, it’s like the Titanic movie, we hand over paychecks, make sure the iceberg slices the whole structure softly open, and then it all sinks. PEople are so stupid. And no life boats will be there for them because the media calls Tparty and silver holders as crazed conspiracy theorists.
The fix is definitely in.
Free government money for global trade interests.
>>What benefit do the People of these United States receive from these gifts of money to governments of other countries?<<
The easiest answer is that we do not want holders of U.S. Treasury bonds to appear at our door asking to cash them in. So we give them foreign aid to continue holding them for us. We up the interest they receive on them by giving them a small legal kickback.