Tag: Acton Institute

Argentina bond market plunder explained

Tina Marie (Ms. Cat)

Argentina bond market plunder explained

4) Globalist puppet Milei slashes government spending and privatizes a whole lot of sectors. This is the neoliberal “shock therapy.”

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Meanwhile, 54% of Argentinians are in poverty, consumer prices have tripled over the last year, the economy is in recession, and industrial production has been dwindling consistently.

Exactly as I predicted back in October 2023:

The vultures are ready to “make the economy scream” if Javier Milei wins!*

In first speech, Argentina’s Javier Milei warns nation of painful economic shock

Tina Marie (Ms. Cat)

BUENOS AIRES, Argentina — It wasn’t the most uplifting of inaugural addresses. Rather, Argentina’s newly empowered President Javier Milei presented figures to lay bare the scope of the nation’s economic “emergency,” and sought to prepare the public for a shock adjustment with drastic public spending cuts.

In first speech, Argentina’s Javier Milei warns nation of painful economic shock

Related:

With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum

Argentina election 2023: what you need to know

Argentina election 2023: what you need to know

Tina Marie (Ms. Cat)

The vultures are ready to “make the economy scream” if Javier Milei wins!*

Argentina election 2023: what you need to know

Far-right libertarian Javier Milei is leading the polls ahead of Argentina’s Oct. 22 presidential vote, but it remains a tight race between the top three candidates, three surveys showed.

Related:

Argentina election: from peso to dollar?

But dollarisation would also mean immediate recession and slump. It would have to start with a massive devaluation of the domestic peso monetary base. In a very optimistic scenario, if Argentina received a loan of say $12 billion from the IMF and used $5 billion as a reserve for the banking system and $7 billion to dollarise the monetary base, the domestic peso monetary base would still have to be reduced by nearly 400%. Argentine salaries (then in US dollars) would become among the lowest globally and poverty would rise to unprecedented levels. And Argentina is already in a recession with real GDP expected to drop by around 2% this year. So either way: peso or dollar, Argentine households would pay the price in living standards.

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Desperation has driven many Argentines to consider a ‘libertarian, anarcho-capitalist’ as president. If this were to happen, it will be going down another blind alley. Argentina’s capitalist economy will continue to fail.

Just scratching the surface:

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