This page has been archived and commenting is disabled.

Senate To Vote Tomorrow On Bill To Repeal Government Authority To Provide Loans To IMF

Tyler Durden's picture




 

Tomorrow, in an amendment to bill S.679, aimed at streamlining presidential appointments, proposed by Jim DeMint, the Senate will vote around noon as to whether or not to end the "U.S. government's authority to provide loans to the International Monetary Fund (IMF) and rescind related appropriated amounts." Another fun amendment to the same bill comes from David Vitter, whose amendment "would end the ability of the White House to appoint policy "czars," and prohibit funds for salaries and expenses for appointed czars." But it is the DeMint amendment that will be the focus of attention, since should the US, as primary source of capital for the IMF, which itself is a key contributor of funds to the Troica, so desperately needed to bail out Greece, no longer have legislative freedom to use taxpayer funds to bailout European countries, things in Greece and in half of Europe, may soon turn very ugly.

From The Hill:

The Senate on Thursday will resume consideration of S. 679, a bill to streamline the presidential appointment process, and is expected to vote around noon on amendments offered by Sens. David Vitter (R-La.) and Jim DeMint (R-SC).

Vitter's amendment would end the ability of the White House to appoint policy "czars," and prohibit funds for salaries and expenses for appointed czars. DeMint's would end the U.S. government's authority to provide loans to the International Monetary Fund (IMF) and rescind related appropriated amounts.

Senate Majority Leader Harry Reid (D-Nev.) indicated that Thursday's schedule could include more votes by the afternoon.

The Senate adjourned at around 7:30 p.m. Wednesday. Morning business will begin at around 10 a.m. Thursday.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 06/23/2011 - 00:01 | 1393804 AnarchyInc
AnarchyInc's picture

First Texas's anti-TSA bill and now this?  Somewhat shocking/awesome.  Smells like a trap.

Thu, 06/23/2011 - 04:22 | 1394018 Akrunner907
Akrunner907's picture

Does anyone have an idea of the amount of Credit Default Swaps that are written on the Greek debt?  I would imagine that based on the 30:1 leverage ratio, the total outstanding in CDS is at least 10 trillion.  Maybe that is off, but it would be interesting to determine what happens with the CDS's if there is a default.  Is this the true "black swan" event?

Thu, 06/23/2011 - 05:10 | 1394039 Popo
Popo's picture

It's a trap to anyone who gets confused and dazzled by this pathetically dim glimmer of hope.

Funding the IMF is another way of saying, "Funding the international banking cartel".

Give me one small sliver of evidence that the banking cartel doesn't wholly own the US Congress.   File this bill under "Circus" where it belongs.  It will never happen.

Remember, the tool employed by oppressive regimes to protect their absolute power isn't "concessions".  It's "hope".

Only when the public sees through the flimsy charade which is being used to promote "hope", does real anger (and change) begin.

This is a joke.  

There is no hope of defeating the cartel through political/governmental channels.

Once again:  There is no hope of defeating the cartel through political/governmental channels.

Change will come from the streets.  And it will involve a heavy dose of outright fear.

 

Thu, 06/23/2011 - 05:19 | 1394044 Michael
Michael's picture

I think Ron Paul should acknowledge and thank those people who supported and voted for him in his 1988 Presidential campaign. He should thank them for supporting him all this time.

Ron Paul presidential campaign, 1988

http://en.wikipedia.org/wiki/Ron_Paul_presidential_campaign,_1988

Thu, 06/23/2011 - 09:30 | 1394325 Cole Younger
Cole Younger's picture

The anti-TSA bill got stopped as TSA threatened to close down all Texas Airports. The bill was worded in such a way that TSA had to have suspicion in order to "intentionally, knowingly, or recklessly [touch] the anus, sexual organ, buttocks, or breast of the other person, including touching through clothing, or touching the other person in a manner that would be offensive to a reasonable person." Obviously,  they could not prove in a court of law they had any type of suspicion on 99.9% of their searches.

Thu, 06/23/2011 - 00:05 | 1393805 twinshot
twinshot's picture

Do it!

Thu, 06/23/2011 - 07:14 | 1394099 GetZeeGold
GetZeeGold's picture

 

DO IT BABY!!!!

 

Thu, 06/23/2011 - 00:06 | 1393807 williambanzai7
williambanzai7's picture

Vitter should put in an amendment appointing a House Madam.

Thu, 06/23/2011 - 00:05 | 1393814 agNau
agNau's picture

Bernice Frank.....

Thu, 06/23/2011 - 00:32 | 1393860 Cleanclog
Cleanclog's picture

Is this our revolution?

Thu, 06/23/2011 - 00:11 | 1393818 HungrySeagull
HungrySeagull's picture

*Cackles.... +1

 

I say get it done and fast. Let Old Europe take care of themselves. If they want our money, they need to go to work and beat China's pricing to export good things to the USA.

Thu, 06/23/2011 - 04:00 | 1394013 Reptil
Reptil's picture

We don't need your money, we got gold. See it's right over he...... oh shit

Thu, 06/23/2011 - 11:01 | 1394830 tamboo
tamboo's picture

and one to make extra large huggies the official house diaper.

http://wonkette.com/277270/diaperman-david-vitter-likes-his-diapers

uh oh, somebody needs a trip to the changing table.

Thu, 06/23/2011 - 00:07 | 1393810 Fox Moulder
Fox Moulder's picture

I can hear Ben cranking up the currency swap machines in the background.

Thu, 06/23/2011 - 00:04 | 1393811 CHARLIE.DONT.SERF
CHARLIE.DONT.SERF's picture

This has as much of a chance of passing as the bill to audit US gold reserves.

Thu, 06/23/2011 - 00:09 | 1393815 CombustibleAssets
CombustibleAssets's picture

The IMF is under a great deal of pressure to make that last payment to the G-Pap Gang.

This bill will help to distribute some the responsiblity of excepting $Millions in " Greek gifts"

Thu, 06/23/2011 - 00:07 | 1393819 drbill
drbill's picture

Don't worry. The banksters own 51% of the politicians. Therefore the outcome of the vote is already known. In case you have any doubts, the narrow victory for G-Pap in Greece should make things clear. Why buy all the politicians when you only need to buy a simple majority?

Thu, 06/23/2011 - 00:38 | 1393870 Superslam
Superslam's picture

Sadly this bill will be defeated by a comfortable margin.

Thu, 06/23/2011 - 02:49 | 1393984 dcb
dcb's picture

I agree outcome known. the fed will be making a lot of calls to make sure it doesn't happen.

Thu, 06/23/2011 - 00:11 | 1393820 I am a Man I am...
I am a Man I am Forty's picture

i'll give it about a 1 pc chance of passing

Thu, 06/23/2011 - 00:12 | 1393834 oldtech
oldtech's picture

bunch of bull shit,... what are the odds it passes,... 10000 zillion to 1.  

 

Thu, 06/23/2011 - 00:12 | 1393835 G-R-U-N-T
G-R-U-N-T's picture

Will the government have rule over the people, or will the people have rule over government?

When there is no more money to pay the bills then...

Thu, 06/23/2011 - 00:13 | 1393837 Founders Keeper
Founders Keeper's picture

[But it is the DeMint amendment that will be the focus of attention... the US, as primary source of capital for the IMF... a key contributor of funds to the Troica, so desperately needed to bail out Greece... may soon turn very ugly.]---TD

TD, we all know the Fed can run financial circles around these Congressmen.

When Congress approved The Federal Reserve Act, the genie was again let out of the bottle.

No. I'm afraid we will have to wait until the bankers start eating their own.  It won't be a long wait.

 

Thu, 06/23/2011 - 04:33 | 1394019 i-dog
i-dog's picture

"have to wait until the bankers start eating their own.  It won't be a long wait."

I agree. It's already happening ... This is a bite into the Euro-bankstas by some in America 'negotiating' for a bigger slice of the carcass (as was the DSK 'manoeuver', IMO). Should be fun to continue to watch as these gangsta families fight over the few chairs at the very top table.

End the fcking Feds!! (FRB & Fed.gov)

Thu, 06/23/2011 - 00:13 | 1393838 Bansters-in-my-...
Bansters-in-my- feces's picture

Next Joke Please....

Thu, 06/23/2011 - 00:14 | 1393841 agrotera
agrotera's picture

is this an Onion article?

Thu, 06/23/2011 - 00:23 | 1393850 RockyRacoon
RockyRacoon's picture

It certainly brought a tear to my eye.  Laughing too hard.

The presidential czars go all the way back to the Roosevelt administration, with close to even on the watches of Bush and Obama.   There will be a ton o' folks out of work!

What about the ones that the Senate approved?  Do they go as well?

http://en.wikipedia.org/wiki/List_of_U.S._executive_branch_czars

Thu, 06/23/2011 - 01:07 | 1393897 agrotera
agrotera's picture

Hi RR!

 

Looks like the puppet chief and the last puppet in chief take the cake

according to the table @ http://en.wikipedia.org/wiki/List_of_U.S._executive_branch_czars 

 

Thu, 06/23/2011 - 00:18 | 1393847 zorba THE GREEK
zorba THE GREEK's picture

 So if the bill goes through, Obama will just appoint kings instead of tzars. But at my last count, 

 the senate has more Demorats than Repubicans . I doubt any demorats would jump ship for

 fear of getting cut out of campaign funds controlled Ms. Pelosi.

Thu, 06/23/2011 - 01:02 | 1393894 snowball777
snowball777's picture

Duke of the Interior

Thu, 06/23/2011 - 01:59 | 1393946 Goldenhands57
Goldenhands57's picture

I'll sign up for Prince of the Paupers!!  Nuthin in this "dead in its tracks bill" for not appointing Royal-tees.. snicker snicker. Nice try..but the Banksters have your gonads, Congress. If it were not true the TARP bullshit would have never been end runned. Beltway whores to the Moneylenders all of ya!

Thu, 06/23/2011 - 00:24 | 1393855 robertocarlos
robertocarlos's picture

Isn't this a case of adding an admendment to a bill that you want passed, something that is impossible to defeat because it would be MAD.

Thu, 06/23/2011 - 00:28 | 1393859 Caviar Emptor
Caviar Emptor's picture

All sounds good..in theory...but in a Ponzi economy, when you cut one thing several other dependent things will begin to collapse. Ponzis require ever expanding capital to payoff debt. Remember all banks in the US, UK and Western Europe are interconnected and interdependent (and a few in Japan too). Can't shut the spigot down in one place without it endangering another. 

Thu, 06/23/2011 - 00:32 | 1393862 digalert
digalert's picture

Insignificant CONgress can do whatever the hell they want, don't matter. They've left the IMF cash funnel to the Bernank.

Thu, 06/23/2011 - 00:59 | 1393895 gwar5
gwar5's picture

At least somebody is still awake in the senate. I imagine it will pass the House.

Thu, 06/23/2011 - 01:33 | 1393934 hannah
hannah's picture

the 'us gov' isnt providing funds to bailout europe...the fed is. how will this change the fed feeding electrons to the european central banks....? this is all show and B.S.....when they kill the fed and make them choke on their own excrement..then things will change.

Thu, 06/23/2011 - 01:53 | 1393939 agNau
agNau's picture

Just like OB care. Defund it! Then watch as the banks slit each others throats. Justice as the rats eat one another. Funded or not there is no good ending to this. We still would pay the price in this pipe dream fantasy. The IMF will get their fiat. The only possibility I see would be a very selective and ordered elimination of unnecessary assets. Japan seems to be the first in line. Their usefulness has ended. They are pushed to the side, fattily wounded, to die. Does anyone here see it yet? The growing chaos is both unnoticed and unchallenged. I try to understand the reason for apathy on such a large scale and cannot. We have grown dependence on our leaders to handle all problems whether we are cognitive or not. Our bellies are full. No soup lines today. Yet we have millions that require feeding daily from the public trough. Out of sight, out of mind. Like lemmings we march.

Thu, 06/23/2011 - 02:17 | 1393963 TheJudge2012
TheJudge2012's picture

The msm won't say a word - unless it's a trap, but anywhere else it's reported it will raise awareness. If Casey votes for it that would be 100% out of character - unless it's a trick.

Thu, 06/23/2011 - 02:24 | 1393967 atomicwasted
atomicwasted's picture

No problem.  The Fed or the Treasury will just write grants to the IMF, not loans, which won't be repaid.  Or the Fed will just do it anyway.  It's not like they are audited.  And it's not like they won't stonewall investigators - look at the Iraq theft debacle.

Thu, 06/23/2011 - 03:46 | 1394007 JohnG
JohnG's picture

If this passes, take possession of physical gold and silver immediately.

I've been watching this. A failed IMF payment is a precursor to outright default.

Watch carefully.

Thu, 06/23/2011 - 05:28 | 1394053 Yen Cross
Yen Cross's picture

 Here it is!                      QE-IMF....

Thu, 06/23/2011 - 06:27 | 1394077 PaperBear
PaperBear's picture
How likely are the politicians, who receive campaign contributions from the banking giants that got the IMF created, vote in favour of an anti-IMF bill ? Not likely. At least I suspect the banking giants got the IMF created, perhaps someone can confirm.
Thu, 06/23/2011 - 07:13 | 1394096 i-dog
i-dog's picture

Confirmed ... and I agree that there is no way that the senators came up with this idea on their own!

This is just part of a power play between the American and European banking interests over who will control the IMF, depending on who blinks first in the race to the fiat bottom (each wants to come 2nd). The DSK 'manoeuver' was also an American gambit in that power-play.

They both want a global currency, under the control of the IMF, after the collapse of the US, but they're now fighting over who gets the most seats at the table.

Europe is in worse economic shape and should fall first, but they want America to fall first because it is far more advanced in police-state infrastructure to control the resulting serfs.

PS. Obama's plan to pull troops out of Afghanistan is also going to upset the European smack dealers (Rothschild, Windsor, Orange, etc); and, US boots on the ground in Libya is going to upset the Euro oil dealers (Rothschild, Windsor, Orange, etc). Looks like the bottom of the 9th is going to be interesting!

Thu, 06/23/2011 - 06:29 | 1394083 nmewn
nmewn's picture

What's this?...Czars and the loaning of money we don't have!?!...the Senate hasn't had the balls to pass a fiscal budget in two years!

Clearly, we need a Bread & Circus Czar.

Thu, 06/23/2011 - 06:44 | 1394092 UGrev
UGrev's picture

I can't find "The Onion" logo on this article.. I know it's there..where'ya hiding it Tyler?

Thu, 06/23/2011 - 07:41 | 1394109 Yen Cross
Yen Cross's picture

 That vote has Otool Liberal written all over it! Unless the Afghan. reach around works out better.   Last time I checked, the admin. was arresting 81 year old gangsters!

Thu, 06/23/2011 - 07:42 | 1394112 jplotinus
jplotinus's picture

I have only skimmed the comments thus far, but has anyone raised the issue of whether limiting US ability to fund the IMF will hasten the demise of the USdollar as the world reserve currency?

In my view, the rest of the world is likely to dump the $ faster than it otherwise will dump the $ if the US makes unilateral decisions like that proposed in the Senate bill.

Thu, 06/23/2011 - 09:52 | 1394417 AldoHux_IV
AldoHux_IV's picture

Am I dreaming or I am to expect that this is not what it seems-- a piece of legislation that actually looks like something that should be passed.  Can't get my hopes up because what is seen to be done for the better good is a disguise for more raping and economic genocide somewhere else.

Do NOT follow this link or you will be banned from the site!