The Biden administration has approved funding for the first-ever transfer of US military equipment to Taiwan under a program typically saved for sovereign nations, according to a notification sent to Congress on Tuesday.
The package – which is part of the State Department’s foreign military financing (FMF) program – totals $80 million and will be paid for by US taxpayers.
https://edition.cnn.com/2023/08/30/politics/us-taiwan-foreign-military-financing-program/index.html
If a conflict starts in Taiwan, U.S. interest rates and the Dollar will skyrocket.
This isn't like 2008 or 2020 where they were lowering rates 12 months before the recession hit. China isn't bailing out the U.S. this time.
There's no help coming. pic.twitter.com/CdEBHMEKbb
— Financelot (@FinanceLancelot) August 31, 2023
h/t A Deplorable Neanderthal