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Nachrichten direkt von der Quelle. Im Kontext sehen. Abwehrabteilung der NI (Natürliche Intelligenz). Deutsch, English. 24 h. – Democracy First!
(16.08.2021)
Naturally, the United States has financed the Afghan war with borrowed money. Brown University researchers estimate that more than $500 billion in interest has already been paid (included in the $2.26 trillion total sum), and they figure that by 2050 the cost of interest alone on our Afghan war debt could reach $6.5 trillion. That amounts to $20,000 for each and every U.S. citizen.
(30 May 2013)
Since 2006, on a conservative estimate, it has cost £15m a day to maintain Britain’s military presence in Helmand province. The equivalent of £25,000 will have been spent for every one of Helmand’s 1.5 million inhabitants, more than most of them will earn in a lifetime, it says.
By 2020, the author of a new book says, Britain will have spent at least £40bn on its Afghan campaign, enough to recruit over 5,000 police officers or nurses and pay for them throughout their careers. It could fund free tuition for all students in British higher education for 10 years.
(08.06.2021)
And the final cost is likely to be even higher because the bill disclosed by Defence Minister James Heappey only counts cash from a special Whitehall pot for the conflict.
Revealing the cost in a written parliamentary answer, Mr Heappey said: “As at May 2021, the total cost of Operation Herrick to HM Treasury Special Reserve is £22.2billion.”
American service members killed in Afghanistan through April: 2,448.
U.S. contractors: 3,846.
Afghan national military and police: 66,000.
Other allied service members, including from other NATO member states: 1,144.
The two-decade war has cost the US $2.26 trillion, according to researchers at Brown University.
That analysis doesn’t include the costs of lifetime care for veterans or future interest on money the US borrowed for the war.
Despite its oil wealth, Chad has been facing an enormous debt burden. Global Commodity trading house Glencore is one of the largest creditors to Chad through an oil-for-cash loan. Last year, the Chadian government requested that Glencore suspend payments on its oil-for-cash loan. The oil producer now also relies on oil-for-cash loadings from Chinese creditors.
Chad holds around 1.5 billion barrels of proven oil reserves, according to BP’s Energy Outlook 2020, making it the 10th-largest oil reserve holder in Africa. Oil accounts for almost 90% of the country’s export revenues.
Bolivia’s Central Bank announced on Wednesday that it had returned US$346.7 million to the International Monetary Fund (IMF), a loan irregularly managed by the de facto government of Jeanine Añez.
We all should be gasping. This debt is choking trillions, it is a crisis & demands urgent, bold action. The Biden-Harris Admin can cancel student debt Day 1 via Exec Order.
Pakistan’s army chief will visit Saudi Arabia this weekend, officials said, seeking to calm diplomatic strains over Kashmir as financial support for Islamabad hangs in the balance.
Nearly 4 million people, or just over 7% of mortgage holders, have sought relief on their home loans as of April 30, according to housing data provider Black Knight. That’s up sharply from the beginning of March, when fewer than 150,000 mortgages were in forbearance.
The number is only expected to grow, with May payments due soon and with the nation’s unemployment rate expected to reach 15% to 20%.
(23.04.2020)
The four-and-a-half minute rant has received over 1,600,000 views on YouTube, 158,000 likes on Reddit,
„They told me, yes, you can skip three months‘ payments,“ Gullo says. „But then they told me there was a balloon payment at the end of it.“ He was told that after three months, they’d have to come up with all the money for those skipped payments. So they’d suddenly owe four months of mortgage payments all at once — $14,000.
Democrats asked for restrictions on how companies can use the money from the central bank’s bond purchases but were rebuffed by the administration during negotiations about the Cares Act, said a spokesman for Senate Minority Leader Charles E. Schumer (D-N.Y.).
European Union leaders are expected to clash over the size and scope of a coronavirus recovery fund as they stand on the precipice of an economic slump unparalleled since the 1930’s Great Depression.
– Only credit lines (#loans)
– No mutualised debt (#Eurobonds)
– No currency issued to countries (#monetary #sovereignty)
– Free money for financiers, not the real economy
– Skyrocket the #debt/#GDP ratio => more #austerity soon.
The Eurogroup is trying to find a compromise between Italy, France and Spain, on the one hand, who want ‚coronabonds‘, and northern deficit hawks like the Netherlands, Denmark and Finland who advocate the use of the European Stability Mechanism (ESM), rejecting any mutualizing of debt.
(27.03.2020)
Italy was irked after an EU summit rejected the idea of ‚coronabonds‘ to fund measures to offset the economic impact of the coronavirus
Article by Heiko Maas, Federal Minister of Foreign Affairs, and Olaf Scholz, Federal Minister of Finance, on the corona crisis in Europe. Published April 6th, 2020, in different language versions in Les Echos (France), La Stampa (Italy), El País (Spain), Público (Portugal) and Ta Nea (Greece).
He said he would also prefer setting up a new support fund rather than having countries use the European Stability Mechanism (ESM).
„If you do (support) from the ESM, then it’s a loan and a loan must be paid back,“ he said. „If you do it as a gift, then it’s: ‚Listen, you guys have been hit hard, but together with a number of wealthier countries, we’re prepared to bear the direct costs of the coronavirus crisis‘.“
„Looks like a third rate grandstander named (Thomas Massie), a congressman from, unfortunately, a truly GREAT state, Kentucky, wants to vote against the new Save Our Workers Bill in Congress,“ Trump tweeted early Friday.
Massie’s office did not immediately respond to a request for comment, but the congressman signaled he was moving forward despite bipartisan calls to forgo calling for a roll call vote.