$40 Billion Bail-Out for Argentina Set to Benefit a Former Soros Colleague of Treasury Chief Scott Bessent

US Treasury Secretary Scott Bessent increased funding up to $40 billion to Javier Milei’s government, double the previous pledge. Argentina is already $60 billion in debt and has a history of currency devaluation; in addition, President Javier Milei further devalued his country’s currency, sold off its assets, and fronted for three massive meme-coin rug pulls. Originally, the US pledged $20 billion, but US Treasury Secretary Scott Bessent, who is a former Soros hedge fund manager, advocated for an additional $20 billion to backstop a private fund of private investors that bought Argentinian debt. When Argentina defaults, the US will reimburse the private bankers for the second $20 billion.

Reports indicate that hedge fund billionaire Rob Citrone, a personal friend of Bessent, made the Treasury Secretary wealthy in the past when they both worked for George Soros. Citrone used his Discovery Capital fund and bet heavily on Argentina, purchasing Argentine debt and equity. Argentina’s economy crashed and Citrone pressed his former colleague to use US taxpayer money to cover the loss.

Soybean farmers are angry with Trump’s tariffs as China stopped buying soybeans from the US, damaging US farmers. China is now buying soybeans from Argentina. Trump has now proposed buying beef from Argentina, but this will negatively affect cattle ranchers in the US.

America First supporters and taxpayers are disappointed.

more…

https://youtu.be/z1u2rExdCuY

https://needtoknow.news/2025/10/40-billion-bail-out-for-argentina-set-to-benefit-a-former-soros-colleague-of-treasury-chief-scott-bessent/

https://popular.info/p/update-hedge-fund-billionaire-pressed

There will be riots…

Government Shutdown May Cause Cancelation of Food Stamps for 42 Million Americans

If the government shutdown that was caused by the argument over health insurance subsidies and extending healthcare to migrants continues, the Supplemental Nutrition Assistance Program (SNAP) food stamp program will be paused beginning on November 1, 2025. It will affect 42 million Americans.

SNAP is already set to be reduced as Trump’s “One Big Beautiful Bill Act” made significant changes to SNAP food stamps, including stricter eligibility requirements and new work mandates that could lead to millions losing benefits. This policy begins on November 1, 2025. Many individuals, including older adults and parents of teenagers, will need to prove work or training to maintain their SNAP benefits.

SNAP is used for school lunches.

If SNAP is paused and/or removed, it will affect grocery store sales, farmers and the trucking industry and will likely inflate food prices.

Some SNAP recipients are threatening to steal from grocery stores if their benefits are removed.

Church food pantries, located everywhere in our nation, are another source of food for people in need.

more…

https://www.youtube.com/shorts/eCUulDxbmCo?feature=share

https://needtoknow.news/2025/10/government-shutdown-may-cause-cancelation-of-food-stamps-for-42-million-americans/

Govt Shutdown: Are Democrats Demanding Medicaid for Migrants? Is the Insurance Industry to Blame?

As the federal government remains in a shutdown that has now surpassed 3 weeks, Republicans are declining Democratic lawmakers’ demands to extend Obamacare healthcare insurance premium tax credits that were ‘enhanced’ in 2021 and are set to expire. House Speaker Mike Johnson said that Democrats added $1.5 trillion to the continuing resolution (CR) bill in new spending that would become a mandate, with billions going toward healthcare subsidies for migrants.

Making the subsidies permanent would add an additional $350 billion to the deficit over the next decade. But if the premium subsidies are allowed to expire, the average enrollee in ACA insurance plans would see their premiums more than double. Healthcare in America is wildly overpriced. Republican leadership remains unwilling to negotiate until the government is reopened. A number of migrants lawfully residing in the US are eligible for Medicaid.

The Centers for Medicare & Medicaid Services (CMS) have confirmed that since 2021, over $1 billion taxpayer dollars were given to illegal migrants via Medicaid – meaning free healthcare for illegals. CMS Administrator Dr. Mehmet Oz called it “the tip of the iceberg.”

more…

https://needtoknow.news/2025/10/govt-shutdown-are-democrats-demanding-medicaid-for-migrants-is-the-insurance-industry-to-blame/

https://www.usatoday.com/story/news/politics/2025/10/07/democrats-healthcare-illegal-immigrants-government-shutdown/86500635007/

https://www.usatoday.com/story/opinion/columnist/2025/10/20/government-shutdown-senate-republicans-healthcare-subsidies/86617780007/