Thursday, March 7, 2024

Money

Victoria Nuland said on CNN that most of the Ukraine aid money goes right back to America to make weapons. This is not surprising to any Americans who understand how defense contractors profit from war. This is similar to major projects that are financed by the World Bank. Many of these projects are so large that only a few companies can handle them and these companies are mostly from the US. The United States was a leading force in the establishment of the International Bank for Reconstruction and Development (IBRD) in 1944 and remains the largest shareholder of the World Bank Group today. The US is the largest contributor to the World Bank accounting for 17% of resources. The US paid in capital is $3.5 billion and US callable capital is $48 billion. Taxpayer money goes out to the Bank and comes back to US construction companies much like the money going to Ukraine

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