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openpgp4fpr:E0C3497126B72CA47975FC322953BB8C16043B43
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Joined 1 year ago
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Cake day: October 7th, 2024

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  • The article states that:

    Eswatini agreed to take 160 deportees in exchange for $5.1m to “build its border and migration management capacity”.

    By my account, that amounts to $31.875 per deportee.

    Regardless of the sums involved, the United States are outsourcing their human rights abuses and bribing other countries to turn a blind eye by making them complicit. Eswatini and all the other countries that partake in “migration offshoring” schemes, like El Salvador, Albania and Rwanda, will likely not call out the United States, the United Kingdom or the European Union for their criminal treatment of people who, by and large, desire to work and live in peace, because they would risk a source of income and diplomatic cover.




  • Paying off the US debt would mean paying back existing bondholders without issuing new bonds. After all existing bonds have been paid back, there would not be any US bonds in circulation, and the US bond market would be no more.

    US bonds are the backbone of the global financial system. If they were to disappear overnight, it would be a financial apocalypse. On a larger timeframe, I suppose the global financial system could readjust, but I can only speculate as to how it would do so and what consequences would follow.

    In any case, paying off its debt would be detrimental to the US, because global demand for its bonds results in higher bond prices and thus lower bond yields. In other words, the US pays less interest than it otherwise would because its bonds are so sought after. By paying off its debt, the US would not pay any interest whatsoever, but it would lose a great deal of power abroad.