Inflation? What inflation. We've got all the cash we can print. And more. Now let's print some and give it away.
President Biden on Sunday relaunched a global infrastructure initiative meant to counter China’s growing influence, saying the U.S. would commit $200 billion to the effort in public and private financing to boost projects in developing and middle-income countries.
Describing the globe as at an inflection point, Biden said the initiative by the Group of Seven (G-7) nations would help set the world on a strong path for the future by investing in sustainable projects that are “grounded in our shared values.”
Sustainable means worthless green energy garbage that puts money in the hands of politically connected investors.
In addition to U.S. commitments, Biden said the G-7 countries collectively would aim to mobilize $600 billion for the partnership by 2027. The $200 billion in funding the U.S. is committing over the next five years is a combination of federal financing, grants and private sector investment, according to a White House fact sheet distributed ahead of Biden’s remarks. The plan, called the Partnership for Global Infrastructure and Investment, is a rebranding of the “Build Back Better World” initiative that Biden unveiled at last year’s G-7 summit.--->READ MORE HERE
President Biden on Sunday relaunched a global infrastructure initiative meant to counter China’s growing influence, saying the U.S. would commit $200 billion to the effort in public and private financing to boost projects in developing and middle-income countries.
Describing the globe as at an inflection point, Biden said the initiative by the Group of Seven (G-7) nations would help set the world on a strong path for the future by investing in sustainable projects that are “grounded in our shared values.”
“It’s built using the global best practices — transparency, partnership, protections for labor and the environment,” Biden said in a speech from the G-7 summit in Germany on Sunday.
“We’re offering better options for countries and/or people around the world to invest in critical infrastructure that improves … their lives, all of our lives, and delivers real gains for all of our people,” he continued.
In addition to U.S. commitments, Biden said the G-7 countries collectively would aim to mobilize $600 billion for the partnership by 2027. The $200 billion in funding the U.S. is committing over the next five years is a combination of federal financing, grants and private sector investment, according to a White House fact sheet distributed ahead of Biden’s remarks. --->READ MORE HERE
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