How the Biden administration funded Ukraine and Russia while weakening the west and creating inflation, all at the same time.
This is an opinion; looking at current events, and how they impacted the West and money flowing, and or equipment flowing to Russia and Ukraine.
The Biden administration was printing billions of dollars to fund the war in Ukraine. This weakened the dollar since the supply of dollars increased, resulting in worldwide inflation because the dollar is the world’s backup currency. For the cost of manufacturing goods to remain lower than the cost of manufacturing goods in the USA, all the BRICS countries had to drop the value of their currencies, resulting in worldwide inflation.
China a new ally of Russia owns $749.0 billion of US debt. The payments on this debt help to fund China. The US in 2024 from January to September has an estimated $217 billion trade deficit with China. In other words the US has paid China, an alley of Russia $214 billion dollar from January to September, by end of December the figure is estimated to be over $300 billion dollars.
The west also funds China with so-called ‘green policies’, most of the parts needed to build so-called green technologies are made in China.
The Biden Administration also paid another ally of Russia, Iran, by lifting sanctions. This enabled Iran to fund, Hezbollah, the Houthis, and Hamas, resulting in the current Middle Eastern conflict and allowing Iran to manufacture drones for the war in Ukraine.
The ‘green agenda’ supported by the Biden Administration, the UN, and leftist groups across the West, also assisted in funding Russia. By stopping the extraction of Oil, they ensured that the Oil price would remain high. Russia, is a big oil-producing country and is currently supplying BRICS, due to export limitations to the West. Biden did negotiate a limit on the oil price, but it remains high enough to help the Russian economy.
The ‘green agenda’ does not just help to fund the Russia-Ukraine war, it also helps to fund the war in the Middle East, weaken the West and played a big roll in the massive inflation over the last 3 years.
The leftist groups in the West have stopped the drilling of oil, the use of nuclear power, and the use of fertilizer. The majority of vehicles still use oil products, and this increased transport costs, due to a decrease in the available amount of fuel. Wind and solar is very expensive, which resulted in an increase of manufacturing costs. Fertilizer is used to produce food, if you produce less food, you have to import more food, which leads to the increased cost of food. Inflation all around.
This inflation reduces the total amount of spending power, increasing personal debt, and the risk of possible future defaults, which will lead to a retailer and financial collapse in the near future unless this problem is addressed soon.