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Thread: U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities

  1. #11
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    Re: U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities

    Quote Originally Posted by Wiseone View Post
    I'm sure you have something, please show it.
    Something to show? I thought it was common knowledge. We buy 99% of Canada's oil exports, then turn around and give them economic aid and then, we have to listen to Canadian mother****ers on this forum tell us how ****ed up we are and how we got it wrong?

    The reality is, that if not for The United States, Canada would have gone belly up a long time ago.

    **** that ****, i say cut their asses off...today!

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    Re: U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities

    Quote Originally Posted by apdst View Post
    Something to show? I thought it was common knowledge. We buy 99% of Canada's oil exports, then turn around and give them economic aid and then, we have to listen to Canadian mother****ers on this forum tell us how ****ed up we are and how we got it wrong?

    The reality is, that if not for The United States, Canada would have gone belly up a long time ago.

    **** that ****, i say cut their asses off...today!
    So no source, just pissing and moaning? Angry rhetoric? Ok bud.

  3. #13
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    Re: U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities

    Quote Originally Posted by Wiseone View Post
    So no source, just pissing and moaning? Angry rhetoric? Ok bud.
    Oh, so I guess it isn't common knowledge, for some.

    U.S. Agency for International Development (USAID)

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    Re: U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities

    Eh.

    With all the useless liquidity sitting in the system after two phases of quantitative easing, the money might as well go overseas. It's doing nothing here. Getting rid of it allows for more semi-useful quantitative easing sans inflation.
    SWAGSWAGSWAGSWAGSWAGSWAGSWAGSWAG
    Quote Originally Posted by Josie
    Thanks for your awesomeness, Jeezy.

  5. #15
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    Re: U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities

    Quote Originally Posted by Jeezy View Post
    Eh.

    With all the useless liquidity sitting in the system after two phases of quantitative easing, the money might as well go overseas. It's doing nothing here. Getting rid of it allows for more semi-useful quantitative easing sans inflation.
    That's hardcore, dude! But, I get the sarcasm.

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    Re: U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities

    I'm sorry but contracts and joint development counts as foreign aid? Could you perhaps explain what you see there I seem to be at a loss.

    USAID awards approximately US$4 billion per year in contracts, grants, and cooperative agreements for work in developing countries. Most of the procurement associated with this assistance involves technical services with limited opportunities for the supply of equipment and construction services. Half of these contracts are awarded by USAID Washington, and the other half are awarded by USAID missions abroad.

    Historically, USAID procurement has largely been tied to American firms. However, with the U.S. agreeing to many of the untied aid targets set by the Organisation for Economic Co-operation and Development (OECD) and in response to the reconstruction needs in Iraq, Afghanistan, Pakistan, and in tsunami-affected countries, the U.S. Congress is allowing USAID to untie more of its aid. U.S. firms and NGOs that win USAID-funded work can hire individual Canadian consultants.
    It seems clear to me that this program is not foreign aid to Canada, in fact the last sentence literally says its about hiring.

    Then this paragraph comes a little bit later:
    Canadian firms are eligible to supply goods, services, and works relating to USAID administrative procurement. Administrative procurement is defined as activities financed through the operating budget that support administrative activities at USAID headquarters and at missions abroad. USAID Washington is responsible for administrative procurement at headquarters, while USAID mission directors are responsible for administrative procurement at missions abroad.
    So Canada being able to support USAID is now foreign aid to them?

    The closest thing I can find as to what you are saying is this:
    Canadian NGOs implementing humanitarian and relief programs can apply to USAID to receive food aid for their programs in developing countries. Additional information can be found on the Food for Peace website.

    On the procurement side, USAID is required to purchase food from American firms. In some emergency situations, food may be procured from non-American sources. In these cases, the food is usually sourced from the local area around the recipient country.
    So like it says Canadians, not the Canadian gov't mind you, can get food aid for their own relief programs which go to other countries, not Canada...

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    Re: U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities

    Quote Originally Posted by apdst View Post
    That's hardcore, dude! But, I get the sarcasm.
    Nah, I'm kind of serious. Tons of dollars find their way overseas because of the dollar's special status among world currencies. It doesn't so much apply with something like quantitative easing because that's not "printing money"...it's a forced asset swap. But every time we lower interest rates, we flood the international market with dollars, which helps us deal with excess inflation for the money not necessarily demanded here.

    It's true.
    SWAGSWAGSWAGSWAGSWAGSWAGSWAGSWAG
    Quote Originally Posted by Josie
    Thanks for your awesomeness, Jeezy.

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    Re: U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities

    Quote Originally Posted by Councilman View Post
    Is this completely crazy and Obama's State Department did not respond to a request for comment.

    Another perfect example of Obama's now famous Openness and Transparency policy.

    We have got to end this nonsense.

    Why don't we call this money a payment on what we owe them?

    Sorry didn't mean to be logical and confuse Obama lovers.
    LOL this has been going on long before Obama.....
    PeteEU

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