Financial Crisis of UN - iHandbook
Financial Crisis of UN

Financial Crisis of UN

According to the United Nations, they are running short of money, if there is no improvement in the next few months, they have to shut down by the end of July. They will have no money to pay the salary of staff and the whole organization will stop running. How much money they are in shortage, and how much they owing others? Would the shutdown really come in July? This is not bankruptcy, for it is not a commercial firm, anyway have to shut down on the deadline. For details, please refer to page 13.

 

How comes such a situation? If you do not have a market diary, please refer to The Express of 20260109, in the North, East, West, South is NEWS, it is said that Donald Trump withdrew from 66 international organizations. At that time no further details were given, but one thing is sure, a lot of nations will follow US. They think that United Nations only collect annual fee and cannot do anything. When US owes the annual fee, others surely would follow. Apparently, United Nations cannot do anything to stop a war, no matter in Ukraine or Gaza.

 

Its again Winter Olympics Games. In January 2022, Putin attended the opening ceremony of Beijing, China told him not to start the Ukrainian War for they had been prepared for the Olympics for a long time. If war is started, all news will be shifted to the war and not Olympics. Thus, the war started several days after the closing ceremony. In the General Assembly of UN, 147 countries condemned Russia as invasion, only 7 countries supported and the rest are in blank vote. The ICC condemned Putin as War Criminal, nothing can be done after 4 years which is already 1455 days. Members paid their annual fee, and it is just like the League of Nations after World War I and cannot stop World War II.

 

China does not want Russia to be collapsed and also does not want Russia grow stronger to replace China. So, they are giving financial support by buying of petroleum. This year, India will stop buying petroleum from Russia, thus their financial support is cut greatly. This may be the reason and hope that the war can end this year. Anyway, it is longer than World War I and World War II. When will the end comes? The current system has a Security Council made up of Five Great powers so as to control the defeated countries like Germany and Japan. But if either of the Five Powers are in breach of the charter of UN, nothing can be done against them, for they have the veto power.

 

As for pandemic, why it burst out? The UN has to investigate so as to avoid the next trend. The aim is not to ask any country to have compensation, but to give the whole world a guideline to protect themselves. At first, UN cannot prevent the explosion of the pandemic; during the peak, there are 5 countries which need not to shut down the school, no need to have internet lectures, and still can run on daily life as usual. UN dared not to disclose the details and ask other to follow those places need not to shut down. After that, there were some arguments in vaccination, UN had not list out which is the correction way for vaccination and the effect of each brand as so as let users for reference. Even these are all academic issues but no concrete conclusion whether the source of pandemic is from Europe, Asia or America.

 

The latest issue is carbon emission, a lot of countries had not met with the requirement of UN but no punishment, those that abide with the regulations would only hinder their business progress and let those who do not follow the rules earn a lot of money and proud to have such success. Whether it is still in need of such a law, UN cannot do anything. According to Wikipedia, the UN is still owing Hong Kong government $1.1 Billion for the Vietnam refugee expenditure of the 1980. A debt not paid for nearly half a century, what are they doing after collecting membership fee? US has no intention to shut down the whole UN at this stage and will give certain help, but it is hard to say how long can they last if they have no power on this and that.

Download