hem_day Profile picture
Jan 29 6 tweets 4 min read
🇺🇸⚡️US Treasury Secretary Janet Yellen warned that a default in the US could lead to devastating consequences and a complete catastrophe in the economy.
1/6
#debt #usa #ukrainewar #inflation #debtceiling #default #economy #finance #dollar #ustreasury #janetyellen #bonds #fed
She said that government spending would need to be cut to match tax revenues and that the spending of the population would also be reduced, leading to psychological consequences and further control of spending.
2/6
Yellen also stressed that it is the responsibility of US President Joe Biden and the leadership of Congress to find a way out of the situation and raise the national debt ceiling.
3/6
Technical defaults regularly occur in the US as a result of exceeding the year’s debt ceiling. A budget amendment is then made and the debt ceiling is increased. The Federal Reserve then automatically prints new dollars to purchase the next batch of Treasury bonds.
4/6
This financial pyramid can grow without catastrophic consequences as long as there is demand for these bonds, especially from abroad.
5/6
However, with the arrest of Russian reserves willing to buy these toxic papers, demand is decreasing. If the Federal Reserve becomes the only buyer, all emissions will go towards inflation in the US. This is already happening.
6/6

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More from @hem_day

Jan 29
🇵🇰⚡️ 39 people died in a serious bus accident in southwestern Pakistan. The bus fell from a bridge and caught fire.
1/4
#pakistan #accident #busaccident #balochistan #baloch
The accident occurred in the mountainous province of Balochistan. The bus driver is believed to have lost control due to high speed and hit a bridge pillar before crashing from the bridge.
2/4
There were 48 people on the bus, 39 were counted dead and 4 were rescued and taken to the hospital but are in critical condition. The death toll is expected to rise.
3/4
Read 4 tweets
Jan 29
🇲🇪⚡️In Montenegro, an attempt was made to create a database of citizens who participated in the conflicts of the 1990s in order to bring them to justice.
1/5
#montenegro #yugoslavia #warcrimes #europeanunion #justice
However, this effort was unsuccessful because other countries of the former Yugoslavia did not provide requested information.
2/5
The Montenegrin prosecutor's office had approved a strategy for investigating war crimes in May 2015 and began collecting information on veterans of Yugoslav wars a couple of years ago.
3/5
Read 5 tweets
Jan 29
🇷🇺⚡️Oleg Morozov, a member of the State Duma in Russia, said that statements about confrontation between NATO and Russia could lead to a nuclear collapse.
1/4
#russia #ukrainewar #nato #ukraine #nuclearwar
He added that this type of rhetoric would not change the goal of a special operation and called the statement by Admiral Rob Bauer, the chairman of NATO's military committee, "monstrous."
2/4
Earlier, the chairman of NATO's military committee, Admiral Rob Bauer, noted that the alliance is ready for a direct confrontation with Russia.
3/4
Read 4 tweets
Jan 29
🇰🇵⚡️The DPRK Foreign Ministry warned the US with consequences for spreading rumors about an alleged arms deal with Russia.
1/4
#northkorea #usa #ukrainewar #russia
They believe that Washington is trying to justify its own arms sales to Ukraine by spreading false information about the arms trade between Russia and North Korea.
2/4
The Director of the Department of US Affairs at the Ministry of Foreign Affairs of the Republic also noted that if the US had not pushed for NATO expansion to the East, infringing on Russia's security interests, the current situation in Ukraine would not exist.
3/4
Read 4 tweets
Jan 29
🇩🇪🇷🇺⚡️ Providing weapons & financial aid to Ukraine, makes Scholz's statement that Germany is not participating in the war technically (i.e. legally) correct but de facto completely consistent. Is hiding behind legal fictions a long-term solution?
1/9
#ukrainewar #ukraine #scholz
Russia has generally better weapons than Ukraine and is fighting an existential #war. Providing increasingly lethal #weapons to Ukraine would not be consistent with Scholz's stated goal of not escalating the situation.
2/9
It should be seen as a futile effort to change the military balance in favor of Ukraine and could ultimately lead to a more violent and destructive conflict with #Russia.
3/9
Read 8 tweets
Jan 28
🇺🇦⚡️A video from the body cameras of some illuminated members of Kraken unit, who intimidated their military personnel, is circulating on the network
1/4
#ukrainewar #ukraine #russia #nato #kraken #warcrimes
This video certainly confirms the fact that the Kraken fighters act as detachments that do not allow ordinary fighters to refuse to perform combat missions.
2/4
The nationalists tie the hands of the troshniks and cover their eyes with scotch tape. To intimidate the soldiers, they put them on their knees with the inscription "traitor" and open fire in their direction.
3/4
Read 4 tweets

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