Posted Mar 26, 2015 by Martin Armstrong
The idea that the US guarantees foreign debt is nothing new. The proposal for the US to guarantee the debt of Ukraine actually side-steps direct aid. Mr Obama, winner of the Nobel Peace Prize, wants Ukraine to fight Russia and as such they need offensive weapons to accomplish this goal. So the Obama is guaranteeing the Ukrainian debt side-steps the argument that he is providing Ukraine free weapons as aid. Guaranteeing the debt is not the same as giving them aid, but in reality it becomes a US bond that is used for weapons that cannot be done directly.