How China Would Benefit From a Key Change to International Monetary Fund Policies

The Daily Signal Podcast

The Daily Signal

News, Government, Politics, Daily News

4.6 • 1.2K Ratings

🗓️ 12 February 2021

⏱️ 16 minutes

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Summary

Rep. French Hill, R-Ark., recently wrote an op-ed for The Wall Street Journal on House Democrats' efforts to require the International Monetary Fund to issue special drawing rights to all member countries. What is the agenda and goal here? "All the third world countries that [China has] loaned money to over the last 10 years and taken strategic minerals, commodities, oil, and gas reserves as collateral suddenly have hard currency to pay them back," Hill notes on the podcast, discussing this and more:

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Transcript

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0:00.0	This is the Daily Signal podcast for Friday, February 12th. I'm Virginia Allen.
0:10.5	And I'm Rich DelJudas. Democrats are wanting to use the International Monetary Fund to shower
0:16.5	money on developing economies to beat COVID-19, according to a recent op-ed by Congressman
0:22.3	French Hill of Arkansas. Why is this not a good idea? And how would it impact the global economy?
0:29.6	Congressman Hill joins me today on the Daily Signal podcast to discuss.
0:34.0	Don't forget, if you're enjoying this podcast, please be sure to leave a review
0:38.5	and a five-star rating on Apple podcasts, and encourage others to subscribe. Now on to our top news.
0:54.4	On Thursday, the Senate held the third day of their trial to impeach former President Donald Trump.
0:59.8	The House impeachment manager Congressman Jamie Raskin, a Democrat of Maryland,
1:04.4	maintained that Trump incited the violence that led to the January 6th riot via CVS Evening News.
1:11.9	His unavoidable knowledge of the consequences of his incitement, the unavoidable knowledge of the
1:18.8	consequences of his incitement, and the clear foreseeability of the violent harm that he unleashed on
1:26.1	our people in our Republic. January 6th was not some unexpected radical break from his normal
1:34.0	law-abiding and peaceful disposition. This was his state of mind. This was his essential MO.
1:42.1	He knew that Agdon by his tweets, his lies, and his promise of a wild time in Washington
1:47.9	to guarantee his grip on power, his most extreme followers, would show up bright and early,
1:53.7	ready to attack, ready to engage in violence, ready to fight like hell for their hero.
2:00.8	And Democrat Representative Ted Liu hinted at the fact that lawmakers may vote to bar Trump
2:06.0	forever running for office again via USA Today.
2:29.8	A vote to convict Trump would require two-thirds of the Senate, all 50 Democrat Senators,
2:54.9	and at least 17 Republican Senators.
2:58.5	President Joe Biden has made good on his promise to halt funding for construction of the US
	...

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