statism watch

$100 Billion Bailout For IMF Tagged On To War Funding Bill

Share

That’s appropriate, considering it’s going to fund economic terrorism, or (if you prefer) asymmetric economic warfare against the world’s citizenry as the largest banks consolidate their power.

Flashback: A Bigger, Bolder Role Is Imagined For the IMF | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | World Bank President Admits Agenda For Global Government | UN & IMF Back Agenda For Global Financial Dictatorship | IMF may need to “print money”, act as “world’s central bank” as crisis spreads

Steve Watson, Infowars.net
June 3, 2009

Passage would see more billions in tax dollars handed to European banks

Democrats in Congress have agreed to provide a $100 billion credit line to the International Monetary Fund, tagging it onto the war supplemental intended for operations in Afghanistan, Pakistan, and Iraq.

The measure would also increase the U.S. member contribution to the IMF by $8 billion and authorize the United States to back the IMF’s plan to sell 400 tons (12.97 million ounces) of gold, according to lawmakers’ aides quoted in a Reuters report.

This would fulfil Obama’s pledge to the G20 in April, to contribute toward a $500 billion boost for the IMF, which it says will go toward “helping poorer nations” during the economic downturn.

However, what the The Treasury Department is really proposing is an international version of the Wall Street bailout; a $100 billion bailout for the IMF, which amounts to a bailout for European banks facing big losses in Central and Eastern Europe.

If the bill pasess, we will see $100 billion in U.S. tax dollars simply handed over to foreign banks with no oversight.

House Republicans, including Minority Leader John Boehner, have threatened to vote no on the war funding if the IMF money is attached.

“Let’s be clear: a troop-funding bill should fund our troops, period,” said Boehner. “Weighing down this critical legislation with nondefense spending will only drag this process out further and cost it essential Republican support needed for passage.”

“We should not be having this discussion. IMF funding has no business being included in the war supplemental” bill, said Representative Eric Cantor, a member of the Republican leadership.

The passage of the bill will be an extremely close run contest, given that GOP votes are needed to make up for 51 anti-war Democrats who opposed it last month.

If all Republicans vote no, then the House leadership will need 18 of the Democrats to reverse their defection and vote yes.

Of course, because the IMF money is tagged onto a bill to fund U.S. troops in the field, there is increased pressure on those considering voting down the measure.

$100 Billion Bailout For IMF Tagged On To War Funding Bill 250509BANNER

We have previously highlighted the ongoing agenda to vastly empower the IMF and transform the institution into a “bank of the world” with the power to print its own currency.

This is not a “conspiracy theory”.

As the Washington Post highlighted two months ago, the agenda is laid out in publicly available internal IMF documents, interviews and think-tank reports.

It is part of an open move to empower a group of unelected central bankers with the authority to usurp state sovereignty by overseeing benchmarks for national economic governance and setting regulations for financial institutions all over the globe.

As we have also previously highlighted, both the IMF and the United Nations have thrown their weight behind proposals to implement a de-facto global financial dictatorship.

Both bodies have expressed support for new world reserve currency system to replace the dollar as part of the acceleration towards a new economic world order.

Source | See Also under New World Order: A Bigger, Bolder Role Is Imagined For the IMF | Obama Nominates Globalization Advocates to Clinton’s State Department | Barclays, Lloyd’s, RBS join Goldman-Sachs in the black | Which Banks Will Rule? | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | World Bank President Admits Agenda For Global Government | Gordon Brown chooses pulpit as latest platform to push New World Order | Will U.S. financial woes lead to new world order? | US backing for world currency stuns markets | UN & IMF Back Agenda For Global Financial Dictatorship | NSC advisor Jones: “I take my daily orders from Dr. Kissinger” | Wall Street’s Big Takeover | New World Order Crony Gary Hart Calls for “Civic Duty” | Gordon Brown’s amazing patent cure-all globalization deal | IMF emergency fund is doubled to $500bn, Northern Rock bank granted $14bn bailout | EU backs sweeping new financial rules, more power for IMF | Volcker sees crisis leading to global regulation | Paul Martin prescribes international regulatory body for ailing fiat economies | World Economic Forum elite blame ‘profit’, not fraud, for crisis | Rewriting the rulebook for 21st-century capitalism | Gordon Brown hails UK job cuts as birth pangs of new world order | Kissinger Calls for a New World Order | UK PM unveils ‘New Deal’ plan to create 100,000 jobs | Kissinger Calls For New International System Out Of World Crises | The ugly spectre of ‘new Keynesianism’ and the self-appointed Guardians | UK Environment minister calls for international food treaty, GM foods at Fabian Society address | Financial Times: And now for a world government | CFR-Brookings to Dominate Obama Strategy | Neo-cons still preparing for Iran attack | Harper halts parliament amid row | Afghan government sacks Kandahar governor | Obama’s planned troop surge in Afghanistan could lead to more violence: ISAF | Author wins award for work identifying categories of state corruption | Counterterrorism squad rounds up UK opposition member over whistleblower incident | Congressman Warns Of Secret Plans To Create International Central Bank | Obama appoints architects of economic collapse, financial globalism to economic team | Jim Flaherty Urging Greater Federal, International Control over Canadian economy | 5 injured during protest in Iceland over economic meltdown | IMF: G20 meeting underscores need for greater surveillance, changes in global governance | A New World Financial Order: It Better Work This Time | This weekend’s G-20 meeting: Shaping a new world order | Flaherty calls for mandatory IMF surveillance | Document Outlining IMF Economic Dictatorship Uncovered/Leaked? | Gordon Brown calls for new world order to beat recession | Obama, like McCain, surrounds himself with elite CFR powerbrokers | Baron Rothschild tags along with Gordon Brown, expects new world order | Hope for Obama’s US and Europe to drive a ‘new deal’ for a ‘new world’: Barroso, Brown | Sitting US Congressman: Expect shift towards world government under Obama | Russian government calls for new World Order | Change should be more than a slogan | The Bush gang’s parting gift: a final, frantic looting of public wealth | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Draft letter calls on IMF to play critical role in financial crisis | ‘Stick together or sink together’: European Commission president invokes ‘global governance’ | UN announces green ‘New Deal’ plan to rescue world economies | Global financial summit set for Nov. 15 in Washington | History: How the US Government Was Overthrown In Three Easy Steps | Globalists Exploit Financial Meltdown In Move Towards One World Currency | Wanted: a new financial order | EU leaders to meet Bush and plan “refoundation of capitalism” | Bush outlines radical plan to part-nationalise banks | World needs new Bretton Woods, says Brown | IMF prescribes state regulation of ‘global financial order’ | Behind the panic: Financial warfare over the future of global bank power | G7 finance officials pledge action to end financial crisis | Global markets plummet in growing stock sell-off | Brown wants ‘global’ bank support | US considers following British example of taking stakes in banks | New World Order: Global co-operation, nationalisation and state intervention – all in one day | Calls For New EU Financial Order Increase As Total Meltdown Becomes Likely | Paul Martin calls for ‘global solution’ | Private Federal Reserve Makes Power Grab as Bush, McCain Urge Congress to Approve Plan | Towards a new world order: Canada-EU trade proposal rivals scope of NAFTA | Bank of Canada piles on in global inflationary swindle | Central banks continue inflating global economy | Central Banks Move to Transfer Wealth from Taxpayers to Banks | Russia’s defiance in the Caucasus has brought down the curtain on Bush senior’s new world order | Paul Martin promoting a new League of Nations on the road | US must share power in new world order, says Turkey’s controversial president | Global ‘liberalization’ illusion under threat. Economist calls for world economic regime, Keynesian saviour. Irony? | Federal Reserve cites global stakes in Fannie and Freddie rescue | Financial ’super cop’ role for Fed | The Resurgent Idea of World Government | What Really Killed Bear Stearns? | Soros points out regulated markets fail to operate on market fundamentals, calls for more regulation | Competition study calls for lowered barriers to foreign ownership, bank mergers | Massive overhaul urged on foreign investment in airlines, media, and banks | Bilderberg Seeks Bank Centralization Agenda | Secretive Bilderberg Group Reverses Policy, Releases Press Release and Attendance List | Actually, it’s time to imagine a new world order | Banks face “new world order,” consolidation: report

Be Sociable, Share!

9 Responses to “$100 Billion Bailout For IMF Tagged On To War Funding Bill”

  1. statism watch » Blog Archive » China explores buying $50bn in IMF bonds Says:

    [...] $100 Billion Bailout For IMF Tagged On To War Funding Bill | Chinese economists deem huge holding of US bonds “risky” as Geithner visits | A Bigger, [...]

  2. statism watch » Blog Archive » Elitist Confab in Montreal: ‘Adapting to a New World Order’ – Day 1 Says:

    [...] | See Also under New World Order: $100 Billion Bailout For IMF Tagged On To War Funding Bill | A Bigger, Bolder Role Is Imagined For the IMF | Obama Nominates Globalization Advocates to [...]

  3. statism watch » Blog Archive » ‘New world order’ needs better economic grounding: Carney Says:

    [...] under New World Order: Elitist Confab in Montreal: ‘Adapting to a New World Order’ — Day 1 | $100 Billion Bailout For IMF Tagged On To War Funding Bill | A Bigger, Bolder Role Is Imagined For the IMF | Obama Nominates Globalization Advocates to [...]

  4. statism watch » Blog Archive » Financial crisis: Worst may be still ahead, says IMF chief Says:

    [...] against Putin sweep Russia as factories go broke | China explores buying $50bn in IMF bonds | $100 Billion Bailout For IMF Tagged On To War Funding Bill | Harper ‘not counting on’ recouping billions loaned to GM | Government to acquire [...]

  5. statism watch » Blog Archive » U.S. sheds 467,000 jobs in June Says:

    [...] against Putin sweep Russia as factories go broke | China explores buying $50bn in IMF bonds | $100 Billion Bailout For IMF Tagged On To War Funding Bill | Harper ‘not counting on’ recouping billions loaned to GM | Government to acquire [...]

  6. statism watch » Blog Archive » IMF approves $13bn gold sale to boost lending fund Says:

    [...] [...]

  7. statism watch » Blog Archive » Terence Corcoran: Central banks are a hazard to banks Says:

    [...] [...]

  8. statism watch » Blog Archive » How Goldman secretly bet on the U.S. housing crash Says:

    [...] [...]

  9. statism watch » Blog Archive » G20 ’sherpas’ meet with IMF, World Bank in Ottawa Says:

    [...] [...]