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February 24, 2023 | Biden Guarantees Pensions of Ukraine – Not Americans

Martin Armstrong

Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

QUESTION: Marty; Why would Biden allow the billions he is sending to fill the pensions of government workers in Ukraine?


ANSWER: This video has been going viral. However, this was from the beginning – of April 28th, 2022. The pensions are all the Ukrainian politicians – not the people. This is the kickback for destroying their own country. As long as they are being paid by the United States, they will allow this civil war to continue unabated. This money going to Ukraine is filling the pockets of Ukrainian politicians against their own people.

This was not from Biden’s surprise visit to Ukraine’s capital of Kyiv. He met with Zelensky as a slap in the face to Putin. During his visit, Biden announced yet another additional half-billion dollars in U.S. assistance — on top of the more than $50 billion already provided — for military equipment and other aid. With this addition, he will be handing Ukraine twice the military budget of Russia. By allowing the money to go into the pockets of Ukrainian politicians, this is not helping the people of Ukraine.

Back in April 2022, Biden gave $1 billion in economic security. “This is money the government can help use to help stabilize their economy, to support communities that have been devastated by the Russian onslaught, and pay the brave workers that continue to provide essential services to the people of Ukraine,” Biden said on April 21.

Treasury Secretary Janet Yellen said the economic aid will keep Ukraine’s government running by paying employee salaries and pensions and supporting other social programs. Close to $2 billion was included in the March 2022 aid package to support “either macroeconomic needs in Ukraine, continuity of government efforts such as energy and cyber security, or needs in neighboring countries.”

Biden has been supporting the economy of Ukraine, not just providing aid to the military. Ukraine has been given more economic aid for its economy that any state in the Union.


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February 24th, 2023

Posted In: Armstrong Economics

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