Trum Putin Phone Call
UAE Exit From OPEC
Pentagon Credit Facility
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Well I guess the Pentagon’s new 310 billion dollar credit line explains the 25 point down grade in my FICO score this month. Financial institutions must be drawing in credit loan application approvals to reallocate credit to cover the new one for the Pentagon.
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Related to Art 1, Sec 8, clause 2 of The US Constitution…
To draw on credit of the US Government.
Whereas the Fed only loans on asests/real estate[80%]
I don’t know…
FDR did something simular to finance infrastucture/work programs
Lots a ways to Pig-Out in the public trough.
The HOGS IN DC - are quite adept.
The Tennessee Valley Authority built during 1930’s was a government project financed by selling TVA bonds. TVA still sells them when making capital improvements and refinancing debts.
The CEO of the TVA was paid over $10 million for working there in 2024. Not bad for a government job.
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