Germany to halt new Ukraine military aid

The German government will stop new military aid to Ukraine as part of
the ruling coalition's plan to reduce spending, the Frankfurter
Allgemeine Zeitung (FAZ) reported on Saturday.
...
..
Germany and other G7 countries in June struck a preliminary deal to
use the value of some $300 billion of Russia's sovereign assets
immobilized in Western financial institutions to secure a $50 billion
loan to Ukraine. But governments have yet to agree on the details of
the scheme, and technical talks might drag on for months.
...
...
The compromise seen by POLITICO detailed plans to slash future
assistance to Ukraine by half to 4 E-billion to fulfill other spending priorities.

https://www.politico.eu/article/germany-halt-new-ukraine-military-aid-report-war-russia/

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On Sat, 17 Aug 2024, JAB wrote:

Germany to halt new Ukraine military aid

The German government will stop new military aid to Ukraine as part of
the ruling coalition's plan to reduce spending, the Frankfurter
Allgemeine Zeitung (FAZ) reported on Saturday.
...
..
Germany and other G7 countries in June struck a preliminary deal to
use the value of some $300 billion of Russia's sovereign assets
immobilized in Western financial institutions to secure a $50 billion
loan to Ukraine. But governments have yet to agree on the details of
the scheme, and technical talks might drag on for months.
...
...
The compromise seen by POLITICO detailed plans to slash future
assistance to Ukraine by half to 4 E-billion to fulfill other spending priorities.

https://www.politico.eu/article/germany-halt-new-ukraine-military-aid-report-war-russia/

Ah yes.. that rings a bell. I read somewhere that since there was a bigger
deal on the table, germany would use that as an excuse to contribute less.

Will be fun to see if germany will sink beneath the extreme left and
extreme right wihtin the next 5-10 years or so, given that fact that
current politicians have so severely mismanaged the country so as to push people to the extremes.

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On Sun, 18 Aug 2024 11:15:22 +0200, D <[email protected]> wrote:

Germany and other G7 countries in June struck a preliminary deal to
use the value of some $300 billion of Russia's sovereign assets
immobilized in Western financial institutions to secure a $50 billion
loan to Ukraine. But governments have yet to agree on the details of
the scheme, and technical talks might drag on for months.

https://www.politico.eu/article/germany-halt-new-ukraine-military-aid-report-war-russia/

Ah yes.. that rings a bell. I read somewhere that since there was a bigger >deal on the table, germany would use that as an excuse to contribute less.

$50 billion loan

Like who is going to get a piece of this action....and at what
interest rate?

I haven't followed the details, but something stinks here, imho. Just
give Ukraine the interest money, now.

"A grifter is a con artist: someone who swindles people out of money
through fraud. If there's one type of person you don't want to trust,
it's a grifter: someone who cheats others out of money. Grifters are
also known as chiselers, defrauders, gougers, scammers, swindlers, and flim-flam men."

--- SoupGate-Win32 v1.05
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On Sun, 18 Aug 2024, JAB wrote:

On Sun, 18 Aug 2024 11:15:22 +0200, D <[email protected]> wrote:

Germany and other G7 countries in June struck a preliminary deal to
use the value of some $300 billion of Russia's sovereign assets
immobilized in Western financial institutions to secure a $50 billion
loan to Ukraine. But governments have yet to agree on the details of
the scheme, and technical talks might drag on for months.

https://www.politico.eu/article/germany-halt-new-ukraine-military-aid-report-war-russia/

Ah yes.. that rings a bell. I read somewhere that since there was a bigger >> deal on the table, germany would use that as an excuse to contribute less.

$50 billion loan

Like who is going to get a piece of this action....and at what
interest rate?

I haven't followed the details, but something stinks here, imho. Just
give Ukraine the interest money, now.

"A grifter is a con artist: someone who swindles people out of money
through fraud. If there's one type of person you don't want to trust,
it's a grifter: someone who cheats others out of money. Grifters are
also known as chiselers, defrauders, gougers, scammers, swindlers, and flim-flam men."

Oh yes... I agree! Since you are a regular reader of my post, you might
have seen that I am a capitalist and/or libertarian or what ever term du
jour you prefer.

What is happening now, is the worst kind of state sponsored socialism
taking place. It's a stampede and a gold rush to see which government will manage to lock in the best "rebuild" contracts in ukraine, and then pass
it on to big corporations to be able to get their hands on as much donated money as possible.

Note how well the arms industry is doing, and that it is in their interest
to prolong the war as much as possible, instead of giving ukraine a "super weapon" to end the war once and for all.

I just hope, but I think it might sadly not be that realistic, that russia
will foot the bill for the rebuild of Ukraine. I think instead, it will be europe.

But we shall see!

F16 are in the air, and they turned the tables. Maybe something decisive
will happen in the next 1-2 years.

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On Mon, 19 Aug 2024 00:07:43 +0200, D <[email protected]> wrote:

Note how well the arms industry is doing, and that it is in their interest
to prolong the war as much as possible, instead of giving ukraine a ...

During earlier days in Vietnam, US investors were singing "we're in
the money." Deficit spending, sooner or later, brings about
inflation.

=============================
The comparison with the 1960s seems particularly relevant as it was
also a period when inflation appeared to be unresponsive to
developments in the economy before taking off sharply. Unemployment
fell steadily in the first half of the decade, from 7% to 3.5% by
1968, with little impact on wages or prices. However, in a warning for
today, this changed after 1965, when prices picked up significantly
and core inflation accelerated 6% towards the end of the decade (chart
2).

One of the triggers for that shift was fiscal expansion as the US
pursued the war in Vietnam and domestic expenditure rose to fund the
Great Society programme, a set of unprecedented initiatives launched
by President Lyndon Johnson to alleviate poverty and racial
discrimination. The extra stimulus pushed unemployment down even
further, creating a tipping point where wages and prices began to take
off.

https://www.schroders.com/en-us/us/individual/insights/is-the-road-to-inflation-taking-us-back-to-the-1960s/

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On Mon, 19 Aug 2024 00:07:43 +0200, D <[email protected]> wrote:

capitalist and/or libertarian

In The Wrath of Khan (1982), Spock says,

"Logic clearly dictates that the needs of the many outweigh the needs
of the few."

Andrew Carnegie - He became a leading philanthropist in the United
States, Great Britain, and the British Empire. During the last 18
years of his life, he gave away around $350 million (roughly $6.5
billion in 2023),[6] almost 90 percent of his fortune, to charities, foundations and universities.[7] His 1889 article proclaiming "The
Gospel of Wealth" called on the rich to use their wealth to improve
society, expressed support for progressive taxation and an estate tax,
and stimulated a wave of philanthropy. Wiki

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On Sun, 18 Aug 2024, JAB wrote:

On Mon, 19 Aug 2024 00:07:43 +0200, D <[email protected]> wrote:

capitalist and/or libertarian

In The Wrath of Khan (1982), Spock says,

"Logic clearly dictates that the needs of the many outweigh the needs
of the few."

Haha... yes, I love that quote. Note that it also dictates the many to use
the few as slaves, since that is what logic dictates. ;)

Andrew Carnegie - He became a leading philanthropist in the United
States, Great Britain, and the British Empire. During the last 18
years of his life, he gave away around $350 million (roughly $6.5
billion in 2023),[6] almost 90 percent of his fortune, to charities, foundations and universities.[7] His 1889 article proclaiming "The
Gospel of Wealth" called on the rich to use their wealth to improve
society, expressed support for progressive taxation and an estate tax,
and stimulated a wave of philanthropy. Wiki

Capitalism and libertarianism is not incompatible with philanthropy as
long as it is voluntary. This is the strength of that ideology. It
provides the best possible framework for business and prosperity, while at
the same time, not forbidding anyone what he should do with this money,
thus leaving the door open for charity.

Since I paid 50%-60%, if not more, in taxes during my life time, I
consider that charity, so I exempt myself from further payments for the
rest of my life. ;)

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On Mon, 19 Aug 2024 10:20:16 +0200, D <[email protected]> wrote:

Capitalism and libertarianism is not incompatible with philanthropy as
long as it is voluntary.

To escape from purgatory...it ain't voluntary.

Leviticus 27:30: A tithe of everything from the land, whether grain
from the soil or fruit from the trees, belongs to the Lord; it is holy
to the Lord.

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