Professor Warren speaks about mortgage loan disclosures. Photo courtesy of CFPB December 6, 2010.
Pushed by the globalists among them, Democrats have been busily working on sending more American tax dollars to support the war in Ukraine. Now they think they’ve found a way to use $650 billion in American taxpayer money earmarked for Covid relief to pay for their agenda. Jordan Schachtel, author of The Dossier on Substack, reports:
Democrats in Congress and their globalist billionaire backers are lobbying the Biden Administration to deploy hundreds of billions of dollars into the International Monetary Fund (IMF). The initiative is being advertised to “save Ukraine” and impoverished nations, but it acts as an instrument to further centralize monetary power.
In a letter this week that was signed by almost 50 democrat members of Congress, the politicians pressed the Biden Administration to infuse the IMF with $650 billion worth of Special Drawing Rights (SDRs), bringing the international institution an enormous amount of capital to increase its lending and borrowing capacity.
Last year, citing the economic pain caused by their own COVID policies, Congress passed a bill resulting in the IMF approving a $650 billion SDR package. Now, it is being rebranded to “help Ukraine.” According to the letter, Biden can approve an additional $650 billion in liquidity without any new legislation from Congress. With the stroke of a pen, Joe Biden can instruct the Treasury to send $650 billion into a black hole.
The legislators describe the proposed money creation as “a simple, rapid, and cost-free way to enable Ukraine, its neighboring allies, and developing countries to respond to, and build back better from, these combined international crises.”
Read more here.
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