Pirate's Cove

The UN is playing games with 1st World vs 3rd World, and the Trump admin is refusing to participate. They want to take lots and lots of money from the rich to give to the poor. But, first

Britain ‘can no longer ignore’ ballooning national debt

Britain is among Western nations threatened with a fiscal crisis as state spending balloons and investors lose their appetite for government bonds.

In a veiled warning to Sir Keir Starmer after his about-turn on welfare cuts, the Bank for International Settlements (BIS), said highly indebted countries can no longer keep borrowing vast sums to help plug funding gaps.

Given the threat of slow growth, high borrowing costs and geopolitical turmoil, Agustin Carstens, the BIS chief, said: “High levels of public debt are a significant vulnerability that governments can no longer ignore.”

Western nations are spending huge sums of money bringing in 3rd world people from around the world, people who are burdens to the state and do not assimilate. Next

Nations are meeting to drum up trillions to combat poverty — but the US isn’t going

Many of the world’s nations are gathering starting Monday in Spain for a high-level conference to tackle the growing gap between rich and poor nations and try to drum up trillions of dollars needed to close it. The United States, previously a major contributor, pulled its participation, so finding funding will be tough.

The four-day Financing for Development meeting in the southern city of Seville is taking place as many countries face escalating debt burdens, declining investments, decreasing international aid and increasing trade barriers.

“Financing is the engine of development. And right now, this engine is sputtering,” United Nations Secretary-General Antonio Guterres said in his opening comments at the conference.

For all that money, how many of those poor countries are actually developing? How much has been dumped into those countries since the start of the Cold War

The U.N. and Spain, the conference co-hosts, believe the meeting is an opportunity to reverse the downward spiral, close the staggering $4 trillion annual financing gap to promote development, bring millions of people out of poverty and help achieve the U.N.’s wide-ranging and badly lagging Sustainable Development Goals for 2030.

Oh, so, they’re also linking it to the climate scam, despite dumping massive and absurd amounts of money into 3rd world shitholes via “climate change’.

“The government of Spain believes that this summit is an opportunity for us to change course, for us to raise our voice in the face of those who seek to convince us that rivalry and competition will set the tone for humanity and for its future,” Spanish Prime Minister Pedro Sánchez told the delegates as he inaugurated the conference.

The government of Spain has been bringing in 3rd World Muslims, allowing them to slowly take over the nation and turn it Islamist.

High-level delegations, including more than 70 world leaders, are attending in Seville, the U.N. said, along with several thousand others from international financial institutions, development banks, philanthropic organizations, the private sector and civil society.

At its last preparatory meeting on June 17, the United States rejected the 38-page outcome document that had been negotiated for months by the U.N.’s 193 member nations and announced its withdrawal from the process and from the Seville conference.

Trump is done giving unaccountable money to the UN, banks, and NGOs, who siphon it off, with a pittance making it to the intended poor folks. He is done giving 3rd world nations money with no strings attached. And he’s rather done with the UN, with its Jew hatred, support of Islamists, and America hatred.

Among the proposals and actions, it calls for minimum tax revenue of 15% of a country’s gross domestic product to increase government resources, a tripling of lending by multilateral development banks, and scaling up private financing by providing incentives for investing in critical areas like infrastructure. It also calls for a number of reforms to help countries deal with rising debt.

Can 1st World nations afford that, with their own ballooning deficits? Trump won’t do that. And it would require, at a minimum, Senate approval, and that won’t happen.