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BlueWaveNeverEnd

(12,178 posts)
Mon Nov 17, 2025, 05:37 PM 3 hrs ago

The IMF affair is turning into a scandal...

https://www.reddit.com/r/InBitcoinWeTrust/comments/1ow08k9/the_imf_affair_is_turning_into_a_scandal_trump/



The IMF affair is turning into a scandal...

Trump withdrew $870 million from the US account at the IMF, which then miraculously appeared in Argentina's account.

This is convenient because Argentina owed $840 million to the IMF.

Why is this a problem?

If the US wants to give this sum to Argentina, it must go through a mandatory vote in Congress!
21 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The IMF affair is turning into a scandal... (Original Post) BlueWaveNeverEnd 3 hrs ago OP
trmp does not believe in America's laws. Never has, never will. spanone 3 hrs ago #1
Laws on for 'suckers and losers' PatSeg 2 hrs ago #15
Even "enforcing" laws that weren't even broken. rubbersole 58 min ago #20
After 40 Billion...how low will ge go? n/t Paper Roses 3 hrs ago #2
From the Buenos Aires Times: 'Bessent steps in to protect profits of friendly investors in Argentina' sop 3 hrs ago #3
Yup - Bessent just wanted to get enough US$ into Argentina so his wealthy buddies could pull out. erronis 2 hrs ago #7
Thank you for this. BattleRow 2 hrs ago #8
Anyone have an account with the Finacial Times? progressoid 2 hrs ago #4
No, but it is archived here. erronis 2 hrs ago #9
Thanks! progressoid 2 hrs ago #11
Kick and recommend for visibility. While bronxiteforever 2 hrs ago #5
His army, his lawyers, his money. Buddyzbuddy 2 hrs ago #6
He is getting money himself from these things JI7 2 hrs ago #10
Everybody is afraid to stand up to him. Hotler 2 hrs ago #12
Lawless New Nazi is Stealing Hundreds of Millions $$$$ from Cha 2 hrs ago #13
Why doesn't he just fucking die? Orrex 2 hrs ago #14
Hey look on the bright side... Moostache 1 hr ago #16
It's actually rather simple..... The administration is just a bunch of fucking crooks. ashredux 1 hr ago #17
I bet money has been disappearing since DOGE broke in and their draining accounts everywhere Bread and Circuses 1 hr ago #18
Just can not NOT do crime Six117 1 hr ago #19
You are so old school. Congress had to approve when we were a nation of laws. SCOTUS told Trump flashman13 8 min ago #21

PatSeg

(51,501 posts)
15. Laws on for 'suckers and losers'
Mon Nov 17, 2025, 07:32 PM
2 hrs ago

He thinks he is above all that like some American royalty. Of course, he believes in enforcing the law when it is against his enemies.

rubbersole

(10,890 posts)
20. Even "enforcing" laws that weren't even broken.
Mon Nov 17, 2025, 08:34 PM
58 min ago

You're so right about him thinking he's royalty. The crowned fighter jet pilot dumping shit on protesters is impeachable by itself. I've got this feeling king donnie is going to have a load of shit dumped on his Burger King crown 👑 pretty soon.

sop

(16,902 posts)
3. From the Buenos Aires Times: 'Bessent steps in to protect profits of friendly investors in Argentina'
Mon Nov 17, 2025, 05:51 PM
3 hrs ago

"US Treasury Secretary Scott Bessent comes to the rescue of hedge funds including BlackRock, Fidelity, Pimco and Discovery Capital Management, all of which bought Argentine bonds. Several fund managers share a professional past with the US official."

"US Treasury Secretary Scott Bessent’s intervention in Argentina seems aimed more at saving his friends than at helping the nation, at least one leading economist has alleged."

"Several hedge funds with past professional ties to the Treasury Secretary hold major positions in Argentine bonds. Washington’s US$20-billion swap package seeks to shield their returns."

"According to The New York Times, the financial assistance will benefit 'investment firms such as BlackRock, Fidelity and Pimco, which are heavily invested in Argentina, as well as investors like Stanley Druckenmiller and Robert Citrone, who worked with Bessent when he was investing for George Soros.' "

"Specifically, Argentina faces debt payments in January and July next year amounting to roughly US$8.5 billion in bonares and globales bonds, with 85 percent believed to be in private hands."

"Nobel Prize-winning economist Paul Krugman has written two articles about Bessent’s proposed rescue plan. In a recent blog post, he noted that 'some US hedge-fund billionaires, personally close to Bessent, bet big on Milei and bought Argentine bonds.' "

“ 'The bailout package almost surely won’t succeed in turning Argentina’s economy around and probably won’t rescue Milei politically. But it may buy enough time for Bessent’s buddies to get much of their money out before the bottom falls out of the Argentine economy,' Krugman adds."

https://www.batimes.com.ar/news/economy/bessent-steps-in-to-protect-profits-of-friendly-investors-in-argentina.phtml

erronis

(21,972 posts)
7. Yup - Bessent just wanted to get enough US$ into Argentina so his wealthy buddies could pull out.
Mon Nov 17, 2025, 06:40 PM
2 hrs ago

There's something about Milton Friedman and his rapist economics as detailed by Naomi Klein in Shock Doctrine.

The Shock Doctrine: The Rise of Disaster Capitalism is a 2007 book by Canadian author and social activist Naomi Klein. In the book, Klein argues that neoliberal economic policies promoted by Milton Friedman and the Chicago school of economics have risen to global prominence because of a deliberate strategy she calls "disaster capitalism". In this strategy, political actors exploit the chaos of natural disasters, wars, and other crises to push through unpopular policies such as deregulation and privatization. This economic "shock therapy" favors corporate interests while disadvantaging and disenfranchising citizens when they are too distracted and overwhelmed to respond or resist effectively. The book challenges the narrative that free market capitalist policies have been welcomed by the inhabitants of regions where they have been implemented, and it argues that several man-made events, including the Iraq War, were intentionally undertaken with the goal of pushing through these unpopular policies in their wake.

Cha

(315,858 posts)
13. Lawless New Nazi is Stealing Hundreds of Millions $$$$ from
Mon Nov 17, 2025, 07:04 PM
2 hrs ago

Americans to Give to Fucking Argentina

Moostache

(10,926 posts)
16. Hey look on the bright side...
Mon Nov 17, 2025, 07:38 PM
1 hr ago

He is making the list of places to go to extradite his worthless ass for the human rights abuse trials easy for us.

flashman13

(1,776 posts)
21. You are so old school. Congress had to approve when we were a nation of laws. SCOTUS told Trump
Mon Nov 17, 2025, 09:24 PM
8 min ago

he could do anything he wanted to do as long as it was official. Seems we are now a nation of rule by an orange criminal.

Congress has essentially neutered itself. It does look like pedophilia could be a bridge too far.

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