Sam Gibbons: “the bureaucratic daydreamers at the International Monetary Fund are at it again. They are exploring the far reaches of…”

“the bureaucratic daydreamers at the International Monetary Fund are at it again. They are exploring the far reaches of reality and resorting to voodoo economics. My home State of Nevada is the largest gold producing State in the Nation. This vital industry helps put food on the table, buy homes, send kids to colleges for thousands of Nevada families. The trouble has been on the horizon for the past several months as the IMF has been scheming to dump part of their gold reserve on to the open market in an effort to hide its debt losses. Their latest debt forgiveness scheme is nothing more than smoke and mirrors and voodoo economics. The gold scheme sale will lead to a disrupted and flooded commodity market which translates into a plummeting economy for many countries. The reality in Nevada is still the same. It will cause more mines in North America to begin closing at an even more alarming pace and thousands of America's hardest working men and women will be out of work, unable to feed their families; all because of the IMF. Congress has the power to stop this ill-conceived IMF scheme and I urge my colleagues to oppose the voodoo economics of this taxpayer giveaway.”