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BlueWaveNeverEnd

(12,500 posts)
Mon Nov 17, 2025, 05:37 PM Nov 17

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!
36 replies = new reply since forum marked as read
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The IMF affair is turning into a scandal... (Original Post) BlueWaveNeverEnd Nov 17 OP
trmp does not believe in America's laws. Never has, never will. spanone Nov 17 #1
Laws are for 'suckers and losers' PatSeg Nov 17 #15
Even "enforcing" laws that weren't even broken. rubbersole Nov 17 #20
Yep, making it up as he goes PatSeg Nov 17 #22
After 40 Billion...how low will ge go? n/t Paper Roses Nov 17 #2
From the Buenos Aires Times: 'Bessent steps in to protect profits of friendly investors in Argentina' sop Nov 17 #3
Yup - Bessent just wanted to get enough US$ into Argentina so his wealthy buddies could pull out. erronis Nov 17 #7
Important book. My dad, then in his eighties, bought each one of his five adult children a copy. summer_in_TX Nov 17 #23
Ding ding we have a winner malaise Nov 18 #26
Thank you for this. BattleRow Nov 17 #8
Anyone have an account with the Finacial Times? progressoid Nov 17 #4
No, but it is archived here. erronis Nov 17 #9
Thanks! progressoid Nov 17 #11
Kick and recommend for visibility. While bronxiteforever Nov 17 #5
His army, his lawyers, his money. Buddyzbuddy Nov 17 #6
He is getting money himself from these things JI7 Nov 17 #10
$30 Millions cut. Justice matters. Nov 18 #30
Well, after all, at one point, Trump wasn't going to tax tips DFW Nov 18 #31
In Argentina, it's common knowledge that Milei's sister (and witch doctor), Karina, takes a 3% cut on federal contracts peppertree Nov 18 #32
Nah. I think it's the piggy conman's cut. Justice matters. Nov 18 #35
True. I can just hear him now... peppertree Nov 18 #36
Everybody is afraid to stand up to him. Hotler Nov 17 #12
Lawless New Nazi is Stealing Hundreds of Millions $$$$ from Cha Nov 17 #13
Why doesn't he just fucking die? Orrex Nov 17 #14
Hey look on the bright side... Moostache Nov 17 #16
It's actually rather simple..... The administration is just a bunch of fucking crooks. ashredux Nov 17 #17
I bet money has been disappearing since DOGE broke in and their draining accounts everywhere Bread and Circuses Nov 17 #18
Just can not NOT do crime Six117 Nov 17 #19
You are so old school. Congress had to approve when we were a nation of laws. SCOTUS told Trump flashman13 Nov 17 #21
Got to ask . . . Aussie105 Nov 18 #24
Message auto-removed Name removed Nov 18 #25
Trump plans to run to argentina after his reign of terror is over in the u.s. Fullduplexxx Nov 18 #27
Like all old Nazis... and the sooner the better LymphocyteLover Nov 18 #29
LOCK THIS CORRUPT MF-ER UP ALREADY! LymphocyteLover Nov 18 #28
Impeachable HIGH CRIME Martin Eden Nov 18 #33
Has anyone in Congress or on the news mentioned this? ChicagoTeamster Nov 18 #34

PatSeg

(51,801 posts)
15. Laws are for 'suckers and losers'
Mon Nov 17, 2025, 07:32 PM
Nov 17

Last edited Mon Nov 17, 2025, 10:30 PM - Edit history (1)

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

(10,956 posts)
20. Even "enforcing" laws that weren't even broken.
Mon Nov 17, 2025, 08:34 PM
Nov 17

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.

PatSeg

(51,801 posts)
22. Yep, making it up as he goes
Mon Nov 17, 2025, 10:26 PM
Nov 17

I agree, I think we are finally seeing the end of his lawless rampage as the Madness of King Donnie is becoming apparent to everyone.

sop

(17,204 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
Nov 17

"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

(22,384 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
Nov 17

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.

summer_in_TX

(3,988 posts)
23. Important book. My dad, then in his eighties, bought each one of his five adult children a copy.
Mon Nov 17, 2025, 11:23 PM
Nov 17

Wow. Unforgettable.

DFW

(59,635 posts)
31. Well, after all, at one point, Trump wasn't going to tax tips
Tue Nov 18, 2025, 02:28 PM
Nov 18

Why should he tax his own tips if he isn’t going to rax anyont else’s tips?

peppertree

(23,079 posts)
32. In Argentina, it's common knowledge that Milei's sister (and witch doctor), Karina, takes a 3% cut on federal contracts
Tue Nov 18, 2025, 04:37 PM
Nov 18

That might account for the $30 million.

peppertree

(23,079 posts)
36. True. I can just hear him now...
Tue Nov 18, 2025, 08:00 PM
Nov 18

"Whut? $30 million!? Screw your sister, Javier! ... I mean: not literally, 'cause she's one scary-looking hag ... I wouldn't look at her even if she was 13, just so you know."

Cha

(316,286 posts)
13. Lawless New Nazi is Stealing Hundreds of Millions $$$$ from
Mon Nov 17, 2025, 07:04 PM
Nov 17

Americans to Give to Fucking Argentina

Moostache

(10,955 posts)
16. Hey look on the bright side...
Mon Nov 17, 2025, 07:38 PM
Nov 17

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

flashman13

(1,909 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
Nov 17

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.

Aussie105

(7,505 posts)
24. Got to ask . . .
Tue Nov 18, 2025, 03:09 AM
Nov 18

Is Trump being nice to Argentina so one day he can go live there?

Lots of elderly WW2 German ex-pats living there, so I'm told.

Response to BlueWaveNeverEnd (Original post)

ChicagoTeamster

(339 posts)
34. Has anyone in Congress or on the news mentioned this?
Tue Nov 18, 2025, 05:43 PM
Nov 18

Was this done during the shutdown? If so, MAGA should be complaining like crazy about US funds allocated against them.

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