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Eisenhower

on how to end a war

TAKE ACTION

FOREWORD

26 March 2024

Day 172, Assault on Gaza

My name is Adil Aboobakar. I am a CFA Charterholder and I have a personal responsibility to embrace and uphold the provisions of the CFA Institute Code of Ethics and Standards of Professional Conduct.


As per the Code, I am required to promote the integrity and viability of the global capital markets for the ultimate benefit of society.

 

As per Standard I.A., I must not knowingly participate or assist in and must dissociate from any violation of laws, rules, and regulations.

I am doing my duty. I am reporting to the world the largest and most transparent financial crime I have ever witnessed.

I call on the peace-loving people of this world to join me in reporting this financial crime. I call on you to join me to put a stop to the ruthless killing of civilians and to the oppression of the Palestinian people.

On this page, you will find my study and everything you need to report this financial crime.

Time is not running out anymore. Time has run out. But we still stand a chance to salvage what is left and render justice.

Adil Aboobakar, CFA

SYNOPSIS

The world funded the war on Gaza...
 

How did we not pay attention?

Governments and financial institutions around the world purchase US Treasuries which are government debt instruments issued by the US Department of the Treasury to fund the fiscal deficit of the US federal government.

 

The US federal government awards contracts to arms contractors such as Lockheed Martin, RTX, General Dynamics, Elbit, and Boeing. These are the same contractors whose weapons are responsible for the killing of thousands of women and children.
 

Now, in the first quarter of fiscal year 2024 (Q1 FY2024), i.e., from October to December 2023 - during the onslaught on Gaza - the world purchased $452.1 billion of US Treasuries.

 

In the same period, the U.S. fiscal deficit was $510 billion. Therefore, the world did not only fund the federal budget which awards billions to war contractors, but it also funded 89% of the U.S. fiscal deficit. It funded the sustenance of the one government not only standing in the way of a ceasefire, but actually funding the fire.

American people say the war funding is from tax dollars. But no, taxation is not enough to fund wars. It was the world's debt dollars.

If killing a child is a crime, I then ask you, what is the killing of 13,000 children? What is then the funding of the weapons which killed thousands of children?

A spade is a spade. It is a financial crime.

And when you see crime, you report it.

Let's get started.

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Dwight d. Eisenhower

34th president of the
United States

SINAI WAR, 1956

When Britain, France, and Israel attacked Egypt in 1956, US President Eisenhower warned Britain not to attack and when they did, he warned them that if they did not withdraw, he would destroy the British economy by selling their sterling bonds. 

BRITAIN WITHDREW.

Source: Sinai War

sinaiwar

Note 1:

  • Eisenhower did not want an escalation in the region.

  • As a creditor to the UK, he exerted best efforts to demand an end to an action which would have been detrimental to regional stability.

  • The world, as of December 2023, holds $8 trillion of US Treasuries.

  • The world is a creditor to the US government and therefore can demand a similar action, i.e., a permanent ceasefire.

  • If the UN mechanism is dysfunctional, countries can use their leverage as creditors to demand a permanent ceasefire.

  • Besides, countries having recognised that the onslaught on Gaza is a crime, have a legal obligation now to desist from and sanction this financial crime.

govermentfire

US GOVERNMENT
THE ONE GOVERNMENT STANDING IN THE WAY OF A CEASEFIRE AND
FUNDING THE FIRE

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Since October 2023, the United States government has been consistently voting against a ceasefire in Gaza, providing billions in military aid to Israel, and extending billions in awards to the very arms contractors supplying weapons to Israel.

In spite of:

DEATHS

CHILDREN KILLED

DISPLACED

STARVATION

30,000+

13,000+

1.9 MILLION

WHOLE POPULATION

If killing a child is a crime, what is the killing of 13,000+ children?
So, whoever funded this, funded a crime.
Therefore, the funding of a crime, is a financial crime.

ABOUT FISCAL DEFICIT & US TREASURIES

fiscldeficit

WHAT IS A FISCAL DEFICIT?

A fiscal deficit occurs when the government spends more than it collects.

It is when government revenue (including taxation) falls short of government spending (including spending on weapons).

what are us treasuries?

Government debt instruments issued by the US Department of the Treasury to finance government spending in addition to taxation.

To pay for the fiscal deficit, the US government issues US Treasuries -
an IOU to whoever is buying these Treasuries.

HOW BIG IS THE FISCAL DEFICIT

For the Fiscal Year 2023, the fiscal deficit of the US Government was $1.7 trillion.


For the first quarter of Fiscal Year 2024, that is, October to December 2023, during the assault on Gaza, the fiscal deficit was $510 billion.

Source: Fiscal Data

Note 2:

  • Taxation was not enough to fund the war.

  • US Treasuries played a key role to fund the US federal government.

  • You can download the fiscal data here: Fiscal Data

fundngwar

Q1 FY2024
fiscal deficit funded by the world

Q1 FY 2024
US FISCAL DEFICIT [1]

$510 Billion

Q1 FY 2024
NET FOREIGN PURCHASES OF US TREASURIES [2]

$452 Billion

WHAT DOES IT MEAN?

89% of the US fiscal deficit was financed by the rest of the world during Q1 FY2024

DO YOU UNDERSTAND?

While the world was calling for a ceasefire, the same world also funded the fiscal deficit of the one government not only standing in the way of a ceasefire, but actually funding the fire.

DOES IT MAKE SENSE?

No. Most of these foreign holders have been calling for a ceasefire. But their financial systems have not aligned themselves with this call.

Source:

Note 3:

  • Governments and financial institutions all over the world funded most of the US government's fiscal deficit in the quarter of the assault on Gaza.

  • Their financial systems did not have the reflex to sanction these purchases while their governments were calling for ceasefire.

foregnholders

FOREIGN HOLDERS OF US TREASURIES

MAJOR FOREIGN HOLDERS OF US TREASURIES

December 2023

USD BILLION

HOLDINGS: $ 8.1 TRILLION

TOTAL FOREIGN HOLDERS

COUNTRIES HAVING VOTED FOR CEASEFIRE ON 27 OCTOBER 2023

December 2023

image.png

HOLDINGS: $ 3.6 TRILLION

COUNTRIES HAVING VOTED FOR CEASEFIRE ON 27 OCTOBER 2023

Note 4:

  • Countries all over the world hold $8.1 trillion of US Treasuries as of December 2023 and purchased $452.1 billion in Q1 FY2024 as outlined above.

  • Even countries having voted for ceasefire on 27 October 2023, hold $3.6 trillion as of December 2023 and purchased $153.3 billion in Q1 FY2024.

  • These countries include Ireland, Belgium, South Africa, just to mention a few countries whose governments have been firm on denouncing the actions of the US-backed Israeli assault on Gaza.

mneyspnt

CHECKING HOW THE MONEY WAS SPENT

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> Start Searching Awards

> Enter Keyword of Interest*

*Hint: Arms contractors such as Lockheed Martin, RTX, General Dynamics, Boeing, Elbit, who supply arms to Israel.

illutr

> Submit Search

spending4.png

> See how our Money was Spent

> Repeat & Tally

Note 5:

  • You can repeat the above instructions and search for other war contractors supplying arms to Israel, namely Lockheed Martin, Boeing, Northrop Grumman, General Dynamics, RTX Corporation, Elbit Systems.

  • Funds raised through US Treasuries were awarded to these very war contractors.

  • Below is a brief extract of our search:

    • RTX Corporation, manufacturer of missiles and other arms, supplied to Israel: $7 billion,

    • General Dynamics, manufacturer of combat systems, supplied to Israel: $ 4 billion,

    • Lockheed Martin, manufacturer of the F-35s that flew over Gaza: $18.2 billion.

  • You can also download a summary on war stocks here: ​#warstocks

A SIMPLE ILLUSTRATION
(copyright BELONGS TO an EISENHOWER comrade).

Funding the war.jpg
discoent

THE BIG DISCONNECT

Note 6:

  • When taxation is not enough to cover spending, the US Department of the Treasury issues US Treasuries to cover for the deficit.

  • Purchases of US Treasuries fund the fiscal deficit of the federal government.

  • In Q1 FY2024, funds from all over the world financed 89% of the fiscal deficit.

  • The federal government awards contracts to arms manufacturers which supply arms to Israel which is responsible for the killing of thousands of women and children.

  • Therefore, buying US Treasuries finances the killing of women and children.

GROUND ZERO

The United States consistently runs a trade deficit which means imports exceed exports (2023: $773 billion), which means US dollars are consistently transferred to the rest of the world. The US dollar is also a reserve currency which means it is held by governments and institutions as part of their foreign exchange reserves due to its widespread use in international trade and finance.

 

Governments and financial institutions, all over the world, purchase US Treasuries as part of their treasury and asset management strategies. Central banks, sovereign funds, pension funds, asset and wealth managers, and insurance companies commonly purchase and hold US Treasuries.

If you ask any bank treasurer or asset manager: "Why do you buy US Treasuries?", the common answer is that U.S. Treasuries are considered one of the safest investments in the world because they are backed by the full faith and credit of the US government.

SOURCE OF FUNDS

By the nature of their operating or business models, these institutions purchase US Treasuries using clients' money, so your money.

 

Clients do not pay attention, managers are wired, and therefore the financing continues, in billions.

PIED PIPER

As of 31st December 2023, the total US National Debt was $34 trillion [1]$26.9 trillion was held by the public, that is, individuals, corporations, Federal Reserve Banks, foreign investors, foreign governments, and other entities outside the US government and $7.1 trillion was held by other parts of the government, that is, intra-governmental, for example the Medicare Trust Fund.

Gross Domestic Product (GDP) in 2023 equalled $27.9 trillion [2]. Therefore the public debt to GDP (excluding intra-governmental debt) was 96.4%, compared to 78.5% at the close of 2019, pre-COVID. If public debt consistently grows faster than the economy, that debt becomes unsustainable.

In Q1 FY 2024 interest payments on US Treasuries equalled $288 billion [3], while amount raised from the world through the sales of US Treasuries equalled $452 billion [4]. 63% of amount raised from the world was paid out in interest only.

While some would argue that a fiscal deficit is acceptable or even desired for a government, the distinction has to be made between spending on productivity or value-adding programmes and spending on servicing interest, which includes interest payments to foreign investors. This clouds private capital formation.

 

In June 2023, the Government Accountability Office (GAO) published a report on the US fiscal health which stated: "The federal government faces an unsustainable long-term fiscal future." [5]

In August 2023, Fitch Ratings, a leading credit rating firm, downgraded the long-term credit rating of the US government from the highest AAA classification to the notch lower AA+ rating due to a “steady deterioration in standards of governance” in recent decades on fiscal and debt matters, among other issues [6].

 

Why is a government which faces precarious fiscal and debt positions and which continues to support a genocidal government and a war on women and children, financed with such impunity?

conclusion

THE CONCLUSION

While the civilian population of Gaza was being assaulted from October to December 2023 (and still are) and the world was calling for a ceasefire, funds from the same world funded the one government not only standing in the way of a ceasefire but also funding the fire.

 

The US government ran a budget deficit of $510 billion in that period and the rest of the world funded 89% of that deficit. The funds raised, within that federal budget, supported the awards extended to arms contractors which supplied weapons to Israel which is responsible for the killing of thousands of women and children.

There seems to be a disconnect between the purchases of these instruments, being perceived as safe investments, and their ultimate function, i.e., being a crucial part of the funding of the fire.

While every nation has a right to self-defense, every innocent civilian has a right to life. Killing a child is a crime. 13,000+ children have been killed. Funding this crime is therefore a financial crime, and should firmly be denounced and halted immediately.

I do not want war. I do not want my funds to be funding wars. I have a right to decide whether I want to support the military operations of a third-party country. I have a right to decide not to fund military operations which I judge to be genocidal.

I am therefore reaching out to governments, financial regulators, and the free-press to call awareness on this financial crime in an attempt to stop its commission.

I am reporting this financial crime.

Now that you know about this as well, what will you do?

CALL TO ACTION

clltactio

MY DEMAND

  1. I DEMAND THAT THE UNITED STATES GOVERNMENT IMPOSE AN IMMEDIATE AND PERMANENT CEASEFIRE IN GAZA.
     

  2. I DEMAND THAT THE UNITED STATES GOVERNMENT PROVIDE A COMMITMENT TO NEVER ALLOW SUCH AGGRESSION TO HAPPEN ANYWHERE IN THE WORLD.
     

  3. I DEMAND THAT THE UNITED STATES GOVERNMENT STOP FUNDING THE ARMS CONTRACTORS SUPPLYING WEAPONS BEING USED TO KILL WOMEN AND CHILDREN.
     

  4. SHOULD THE ABOVE FAIL TO BE ACCEPTED, FINANCIAL REGULATORY SYSTEMS ACROSS THE WORLD SHOULD SANCTION THE PURCHASE AND THE HOLDING OF US TREASURIES, SINCE HOLDING THESE INSTRUMENTS WOULD CONSTITUTE A FINANCIAL CRIME.

THE CHOICE TO ACT IS NOW YOURS.

NOT FINANCIAL ADVICE
THIS IS A CALL TO UPHOLD THE RULE OF LAW

Note 7:

  • President Eisenhower successfully achieved a peaceful means to dissuade war.

  • If people and countries come together, they could also call on their debtor, i.e., the US federal government, to impose a ceasefire.

  • As much as we care about our tax dollars, we should also care about our debt dollars.

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