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January 31, 2024 | Biden Arms Greece in Loophole Deal

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.



The Biden Administration’s top priority is setting the stage for the next global conflict. The federal government has refused to fund US infrastructure, address rising homelessness and crime, or secure the border. They claim that they do not have the funds to [fill in any severe problem the US is facing]. However, the US federal government always finds the funding for foreign wars and will now provide arms to another foreign nation with the promise that they will arm Ukraine.

The Republican Party prevented the last Ukraine cash grab from happening last month. The people and their elected officials do not want to send US tax dollars to Ukraine. Washington has ignored all checks and balances, finding a loophole to ensure that aid continues. According to a new Forbes article, the US will send weapons to Greece with the understanding that Greece will send weapons to Ukraine.

Blinken no deal

The Excess Defense Articles (EDA) grant the president sole power to use a foreign nation as his personal arms dealer. The president may deem what is our “military surplus,” assign it a value or no value, and gift it to a foreign nation under the condition that they transport the “surplus” to the president’s designated target. While the law places the transfer max at $500 million, the president may simply declare the surplus to be worthless. Hence, this is why Secretary of State Antony Blinken recently described the weapons transfer as “free concessions.”

The following items are allegedly of no value to the US:

– Two C-130H aircraft, Surplus Defense Materiel

– Ten engines for P-3 aircraft, Surplus Defense Materiel

– 60 Bradley armored fighting vehicles, as Surplus Defense Materiel

Greece is “purchasing” the following for $8.6 billion, and Biden approved $60 million in funding for this package in 2022 and 2023.

–40 new F-35 aircraft through Foreign Military Sales

– Three Protector-class ships, as Surplus Defense Materiel

– Various trucks and trailers, as Surplus Defense Materiel

“We continue to be interested in the defense capabilities that Greece could transfer or sell to Ukraine,” Blinken wrote in his letter of bribery. “If these capabilities are of interest to Ukraine, and pending an assessment of their status and value by the U.S. government, we can explore opportunities for possible additional foreign armed forces financing of up to $200 million for Greece.”

Not to upset neighboring Turkey, the US State Department is permitting Turkey to spend $23 billion on 40 new F-16 fighter jets and 79 upgrade kits for older models. Better yet, the deal was used to bribe Turkey into voting to permit Sweden to join NATO.

Other nations are using similar loopholes to fund Ukraine as the globalists care not about democracy. Some say that these weapons are simply outdated and the US has an abundant surplus. These weapons are not worthless and could be sold.

Worse, it was confirmed that arming Ukraine has depleted the US military’s stockpile. Colin Kahl, the Pentagon’s undersecretary for policy, told reporters in November 2023 that “there’s no question” that US stockpiles are running low as a result of arming Ukraine. “I will say Secretary (Lloyd) Austin has been laser-focused since the beginning in making sure that we were not taking undue risk. That is that we weren’t drawing down our stockpiles so much that it would undermine our readiness and our ability to respond to another major contingency elsewhere in the world,” Kahl added.

The funding to Ukraine will continue for as long as globalists remain in power.

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January 31st, 2024

Posted In: Armstrong Economics

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