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
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With soy and lithium trade in the balance, Argentina’s Milei has a China conundrum
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.
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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:
Read More »“All will be forgiven,” said a U.S. diplomat, if the no-confidence vote against Pakistan Prime Minister Imran Khan succeeds.
SECRET PAKISTAN CABLE DOCUMENTS U.S. PRESSURE TO REMOVE IMRAN KHAN
From the time that Russian forces invaded Ukraine in February 2022, Western media coverage of the war has been dominated by the perspectives of Ukrainians who support Zelensky’s government and who oppose Russia. While it is vitally important that we be informed of their perspective, we cannot truly understand the Ukraine war without hearing from Ukrainians who reject Zelensky’s rule. In the Western mainstream discourse, those Ukrainians are virtually invisible.
Invisible Ukrainians: A conversation with a professor from the Donbas
When Emmanuel Macron complained to Biden that the Inflation Reduction Act will hurt European businesses I made fun of him. I made fun of all the European politicians who complained about the IRA because, really, it has always been pathetic to assume someone other than yourself should take care of you and your strategic interests because you’re friends.
This is not a race (original)
Miguel speaks about Mexico’s growing role as a filter of South American immigration for the United States, and how unfair it is for Mexico’s limited resources to be pressured into that role, especially since they also suffer from the neoliberal policies that cause immigration in the first place.
“Mexico has been told to use its military against the Latin American siblings that have also endured the imperialist and neoliberal impositions which have produced the economic and political crisis that most of the South is currently suffering- undoubtedly the primary reason that these waves of migrants are traveling north.” – Miguel Robles-Durán
This is a clip from S03 E02 of Cities After… Neo-Imperialism & Neo-Fascism at the Border via Democracy At Work
Mexico Pressured to Filter Immigrants to US: The Situation South of the Border
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Dispelling the Myth of Tax-Induced Capital Flight
A study by the American Sociological Association in 2016 found that while massive top rate tax hikes might cause some millionaires to move from their high-tax state to a low-tax state, the amount of them doing so for this reason was negligible. Millionaires moved for tax purposes around 2.2% of the time. Indeed, in any event the rate of inter-state migration generally was lower for millionaires, at 2.4%, than it was for the general population, at 2.9%.
On November 7, 2022, Global News reporter Sam Cooper published a report titled “Canadian intelligence warned PM Trudeau that China covertly funded 2019 election candidates: Sources”. Cooper has a problem though: on November 20, Canadian PM Justin Trudeau admitted that he was never briefed about supposed Chinese-funded election candidates, doesn’t know their names (if they even exist) and only learned of the alleged Chinese election interference from media reports.
Canadian reporter caught falsely claiming Trudeau was briefed with names of ‘Chinese-funded’ election candidates
Berlin, Germany (World Express). War in Ukraine began on February 24. Since then, the sanctions imposed by EU countries against Russia have started to have a negative impact on European economies. The sanctions boomerang came as a surprise to the federal government, most politicians in the traffic light coalition and ordinary voters. However, as it recently turned out, these consequences of the anti-Russian sanctions were unexpected only for the Germans. The USA had calculated all the consequences in advance and, moreover, consciously decided to weaken the German economy.
The economic crisis in Germany is the result of a deliberate provocation by the USA. The Americans collapsed the German economy to destroy a competitor. (original)
WHCS = White House Chief of Staff, Ron Klain. ANSA = Assistant to the President for National Security Affairs, Jake Sullivan. CIA = Central Intelligence Agency. NSA = National Security Agency. DNC = Democratic National Committee/Democratic Party.
H/T: iEarlGrey
They’re counting on the collapse of the German economy to rescue the US economy—all to save the Democrats from losing in the midterm elections?! Interesting, if this document is authentic, considering that it was supposedly written in January. Germans are already protesting, demanding that the current government resign!
Ms. Cat’s Chronicles 
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