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The Duran Podcast

EU To Ukraine Loan Debacle, Plugging Up Holes

The Duran Podcast

The Duran

News

4.4650 Ratings

🗓️ 22 September 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

EU To Ukraine Loan Debacle, Plugging Up Holes

Transcript

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0:00.0

All right, Alexander. Let's talk about financing Project Ukraine. Why they want to continue to

0:07.8

throw away their money into Project Ukraine beats me. But, well, okay, we know why. Why they want to

0:14.4

continue financing Ukraine. I have some theories about the 300 billion frozen assets. My hunch, Alexander, is that they've already

0:24.1

started to dip into the 250 or 300 billion that is in Brussels. My feeling is that they've already

0:30.1

started to dip into that money and take that money. But anyway, that's, yeah. I think you're probably

0:36.0

really willing. Yeah. So we have, let's see, we have the $50 billion loan, which is kind of this loan with the U.S. and the EU.

0:46.1

You'll get into the details of this $50 billion.

0:48.3

This was actually hatched this idea for a $50 billion loan was, I believe, like, maybe six months ago,

0:54.2

or even a year ago, was when they came up with this 50 billion loan to Ukraine between the

0:59.3

U.S. and the EU, a joint loan. And now you have talk of this new loan, which is a plan B, if the

1:08.4

50 billion loan falls apart, which is anywhere between a 20 billion loan to a 40 billion loan, 100% from the European Union to Ukraine.

1:21.2

Now, playing in all of this is hungry, and they're stopping of the 50 billion loan and the EU is now saying let's go to

1:31.0

Plan B and put together a 20 to 40 billion loan because of hungry but wait a minute maybe we can

1:36.1

still figure out ways to get this 50 billion US EU loan through so they're trying to figure

1:42.0

out ways to get money to project credit. And of course,

1:45.5

just to wrap up my my intro to this, of course, all of these loads are going to be paid

1:50.6

with the $1.5 billion in interest generated from the $300 billion in Russian frozen assets in

1:57.6

Brussels in Euroclear. That interest is paying for a lot of stuff. I mean,

2:02.9

it's paying for everything that interest, even though it's only $1.5 billion. It seems to be paying

2:07.0

for everything that is being given to Ukraine, which brings me back to my hunch, which is that

2:13.2

they're already starting to dip into the principle. Yeah. That is frozen. Anyway, your thoughts.

2:18.2

On the first point, you're absolutely right.

...

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