As I understand this, to add insult to injury, the Save Argentina from Itself solution also includes buying their beef. While US cattle ranchers deal with drought and screwworms and their own government undercutting their industry, the real screw worms in DC, gathered on the front Panera porch formerly known as the rose garden, plan more demolition of the US economy (just a few hundred feet away from the actual demolition of the East Wing of the people’s house) as the very program that can buy this beef, SNAP, runs out November 1. Trump continues to dump a pile of shit (not just AI generated) at our doorsteps each morning. The only way out is through and the only way through is together.
The beef farmers, Meriwether Farms in particular, lined up for this and STILL support rump while crying that buying beef from Argentina will destroy them. Oh well!!
Because, because, because Trump will pay the off the ranchers, and the soybean farmers as well. They won't lose money. But their soybeans will rot in the silo. And their prices will plummet next year as China dangles a lower price in their faces. (China is paying below market price for Argentine soybeans right now.) American farmers, their back against the wall, can't not sell at any price, and they will lose lots of money. But the short term photo op of Trump and Bessent (uh-uh-uh) handing out checks to the farmers will look like relief to our farmers, and it will be reported as such by our complicit mainstream media. It's what the farmers use on their fields: it's bullshit.
This adds to a long list of actions demonstrating that the Trump regime has no interest in governing, in leadership, nor in working FOR the American people. It is all about power, self-aggrandizement, and Funds-With-Friends. So obviously said "Friends" will continue to bluster and manipulate so their exploitation of American taxpayers can continue.
This bailout will have little benefit to Americans, except for Bessent's billionaire buddies and Trump himself. You can be sure that most, if not all, of the $40B will flow directly back into their pockets.
It’s worth mentioning here that the entire budget of USAID — which we were told was eliminated in the name of “government efficiency” — was only about $22 billion. So we’re giving more than that entire budget to prop up Trump’s right wing buddies and greedy rich investors.
We used to teach the Teapot Dome scandal as a bunch of selfish lying out-of-control millionaires ignoring law with their grasping greedy hands caught in the till. Boy, their grift seems middle school compared with these guys. Bessent (uh-uh-uh) et al are emboldened by Trump. Trump has a history of stealing, cheating, grasping, yelling and intimidation of anyone who crosses him. In business that meant he destroyed companies when he withheld payments that drove their livelihoods into the ground, not to mention besmirching the good name of those vendors who lost their reputations and their businesses. Bessent (uh-uh-uh) the wimp stands behind the bully and giggles when strong people are relieved of their lunch money. Bessent (uh-uh-uh) needs to know his day of reckoning is coming. They are all sitting on top of the world right now, but history and its long arc will whip them back into their place.
People in office and running for office really need to be made more aware of this corruption, especially in light of the fact that millions of Americans are paying more for everything - and will be losing their health insurance in a few short months.
Thank you for this! International monetary policy is out of my field. I can smell grift, graft and corruption tho. Now I sort of get the process, too —. And a much more tangible grasp of the purpose and the monumental risks and costs. Our only protection is the hope of a blue wave, IF we can freely vote by 2026…
Scott Bessent is doing to us what he did to this hedge fund. Bessent lost 90% of his hedge fund’s money and left Wall Street with one of the worst track records in the business.
I didn't understand why he did this at first because I over think things. And of course it comes down to helping another rich bastard. Meanwhile every day he finds ways to fuck Americans. TRUMP =True Russian Under Mr Putin . It was there all the time .
There will be many more bailouts to come. It will be like 2009 again when all these corporations who supported Trump and his policies will come with their hands out after they fail.
Unless his economic policies are a complete 180 from his failed business practices.
He has shown absolutely no talent at being a consensus guy, a visionary builder, or a partner with the American people. He is a big bully with shitty taste and a small wee-wee. I am sorry to get so low but let's call facts, facts.
I like your frank talk Katy. We need more of it. We should see democrats and independents on the TV all of the damn time describing what this mope and his mopettes are doing to this still-could-be-great country in undeniable and ribald terms!
I spent my first 25 years correcting people, and never bother now because it is usually people who I will never talk to again, so thank you for self correcting. Many people have difficult names and as a former NYC high school teacher I can tell you: names are hard! And so important.
Thanks for this reporting, Judd. I had heard about the additional 20 billion and wondered where it was coming from. It is shocking that the banks would back this and even more shocking that they expect we the taxpayers to make good on their inevitable losses. I am careful with my money and would never put it into such a risky venture.
Can we make it clear to those banks that the U.S. taxpayers will make sure that they DO NOT get that money back if they so recklessly put it into Argentina.
As I understand this, to add insult to injury, the Save Argentina from Itself solution also includes buying their beef. While US cattle ranchers deal with drought and screwworms and their own government undercutting their industry, the real screw worms in DC, gathered on the front Panera porch formerly known as the rose garden, plan more demolition of the US economy (just a few hundred feet away from the actual demolition of the East Wing of the people’s house) as the very program that can buy this beef, SNAP, runs out November 1. Trump continues to dump a pile of shit (not just AI generated) at our doorsteps each morning. The only way out is through and the only way through is together.
The beef farmers, Meriwether Farms in particular, lined up for this and STILL support rump while crying that buying beef from Argentina will destroy them. Oh well!!
The psychology of being all in- cut of my nose to spite my face and shoot myself in the foot. Amazing.
It truly is stunning. If you have the stomach for it go read their statement…
Because, because, because Trump will pay the off the ranchers, and the soybean farmers as well. They won't lose money. But their soybeans will rot in the silo. And their prices will plummet next year as China dangles a lower price in their faces. (China is paying below market price for Argentine soybeans right now.) American farmers, their back against the wall, can't not sell at any price, and they will lose lots of money. But the short term photo op of Trump and Bessent (uh-uh-uh) handing out checks to the farmers will look like relief to our farmers, and it will be reported as such by our complicit mainstream media. It's what the farmers use on their fields: it's bullshit.
And LOL Meriwether nuked their IG page because they got LIT UP!
Oh, and Argentina is having a problem with cattle having hoof and mouth disease.
well we have the same problem here with every suckup in DC who has 'foot in mouth' disease.
This adds to a long list of actions demonstrating that the Trump regime has no interest in governing, in leadership, nor in working FOR the American people. It is all about power, self-aggrandizement, and Funds-With-Friends. So obviously said "Friends" will continue to bluster and manipulate so their exploitation of American taxpayers can continue.
This bailout will have little benefit to Americans, except for Bessent's billionaire buddies and Trump himself. You can be sure that most, if not all, of the $40B will flow directly back into their pockets.
It’s worth mentioning here that the entire budget of USAID — which we were told was eliminated in the name of “government efficiency” — was only about $22 billion. So we’re giving more than that entire budget to prop up Trump’s right wing buddies and greedy rich investors.
Thank you for pointing it out!
We used to teach the Teapot Dome scandal as a bunch of selfish lying out-of-control millionaires ignoring law with their grasping greedy hands caught in the till. Boy, their grift seems middle school compared with these guys. Bessent (uh-uh-uh) et al are emboldened by Trump. Trump has a history of stealing, cheating, grasping, yelling and intimidation of anyone who crosses him. In business that meant he destroyed companies when he withheld payments that drove their livelihoods into the ground, not to mention besmirching the good name of those vendors who lost their reputations and their businesses. Bessent (uh-uh-uh) the wimp stands behind the bully and giggles when strong people are relieved of their lunch money. Bessent (uh-uh-uh) needs to know his day of reckoning is coming. They are all sitting on top of the world right now, but history and its long arc will whip them back into their place.
"but history and its long arc will whip them back into their place."
From your lips to the ear of God!
People in office and running for office really need to be made more aware of this corruption, especially in light of the fact that millions of Americans are paying more for everything - and will be losing their health insurance in a few short months.
"People in office and running for office really need to be made more aware of this corruption"
And made to understand that this is not business as usual.
Wrong, our only hope is if the American people take a stand instead of whining about it.
Thank you for this! International monetary policy is out of my field. I can smell grift, graft and corruption tho. Now I sort of get the process, too —. And a much more tangible grasp of the purpose and the monumental risks and costs. Our only protection is the hope of a blue wave, IF we can freely vote by 2026…
I hope this information is being shared on Twitter, Blue Sky, etc. and to The Hill, Roll Call, WSJ, Bloomberg et al. Follow the money.
Scott Bessent is doing to us what he did to this hedge fund. Bessent lost 90% of his hedge fund’s money and left Wall Street with one of the worst track records in the business.
I didn't understand why he did this at first because I over think things. And of course it comes down to helping another rich bastard. Meanwhile every day he finds ways to fuck Americans. TRUMP =True Russian Under Mr Putin . It was there all the time .
They are propping up another right wing govt and will try to topple Columbia, progressive govt as they take control of Venezuela.
Wake up, America.
There will be many more bailouts to come. It will be like 2009 again when all these corporations who supported Trump and his policies will come with their hands out after they fail.
Unless his economic policies are a complete 180 from his failed business practices.
He has shown absolutely no talent at being a consensus guy, a visionary builder, or a partner with the American people. He is a big bully with shitty taste and a small wee-wee. I am sorry to get so low but let's call facts, facts.
I like your frank talk Katy. We need more of it. We should see democrats and independents on the TV all of the damn time describing what this mope and his mopettes are doing to this still-could-be-great country in undeniable and ribald terms!
I apologize for repeatedly getting your name wrong! I saw Katy, my fingers typed Kathy and I failed to notice my error. I promise to do better!
I spent my first 25 years correcting people, and never bother now because it is usually people who I will never talk to again, so thank you for self correcting. Many people have difficult names and as a former NYC high school teacher I can tell you: names are hard! And so important.
Yes, names are most important! I had to self-correct. I have nothing but respect for you and my intent was nothing less.
Taxation without representation taking on a whole new meaning...
As I remarked to a friend shortly after the deal was announced: A money laundering scheme.
Me too!!!
Thanks for this reporting, Judd. I had heard about the additional 20 billion and wondered where it was coming from. It is shocking that the banks would back this and even more shocking that they expect we the taxpayers to make good on their inevitable losses. I am careful with my money and would never put it into such a risky venture.
Can we make it clear to those banks that the U.S. taxpayers will make sure that they DO NOT get that money back if they so recklessly put it into Argentina.
It’s really hard to find this situation more disgusting but somehow each day there is something!
How Trump’s $40 billion handout for failed Argentinian dictator could be better spent in America
https://thedemlabs.org/2025/10/22/trump-40-billion-handout-for-milei-argentinian-dictator/