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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Milei’s meetings in Washington ”are protocol-driven to explain the economic plan: fiscal adjustment, monetary reform, state reform and deregulation,” a Milei spokesperson, who declined to be named because he was not authorized to talk on the record, said. “It is not in search of financing.”
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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 »“Venezuelan migration in recent years is a direct consequence of the application of unilateral coercive measures and the blockade to our economy.”
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The Biden administration helped Pakistan get a controversial new bailout from the International Monetary Fund after Pakistan agreed to secretly sell arms to the United States for the war in Ukraine, according to a new blockbuster report by The Intercept. The deal allows Pakistan to sell some $900 million in munitions while keeping IMF loans flowing to the government in Islamabad amid a spiraling economic crisis, which is driven at least partly by the austerity measures imposed by the IMF loan. Pakistan’s position on the war in Ukraine has shifted significantly since Russia’s invasion and the ouster of Prime Minister Imran Khan, who was removed from office in 2022 under pressure from U.S. diplomats who objected to his “aggressively neutral” stance on the war. Khan is now imprisoned in Pakistan on corruption charges. Meanwhile, the caretaker government backed by Pakistan’s powerful military has delayed planned elections, widely seen as an attempt to block Khan’s supporters from power. “When the United States has a primary foreign policy objective, in particular when it’s a war, everything else falls away. That’s what you’re seeing in Pakistan now,” says The Intercept’s Ryan Grim.
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He is not meaningfully different from all the other warmongers in the DC swamp.
Vivek Ramaswamy Is Just Another Disgusting Warmonger
Argentina’s Milei Says He’d Reject ‘Assassin’ China, Leave Mercosur
Milei described his foreign policy proposals as a global “fight against socialists and statists,” and revealed that he would appoint Diana Mondino, a trusted economic adviser, to be his top diplomat. She’s a former Standard & Poor’s director for Argentina and is running for Congress.
Video via Emil Cosman
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Ukraine’s baby factories rake in record profits amid chaos of war
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The Phony War on American Culture
Consider how gender is one focus of their culture war campaign. Transgender people hardly affect our personal lives, despite the Republican campaigns to make it a voting issue. In America, only 1.3 million adults and 300,000 children identify as transgender out of a population of 332 million. Only 36 transgender athletes compete in college sports that include over half a million participants. Yet the Republican legislature in Kansas recently banned transgender girls from female high school sports, despite having only three transgender girls out of 41,00 competing in the state. Indeed, they should be respected and accommodated in some way. Yet, GOP legislators are considering a flood of bills to restrict transgender behavior, flooding email boxes with requests for donations, blasting isolated events on Fox News, and making them campaign issues.
While much attention has been given to Kohelet Policy Forum in Israel, experts say think tank has played major role in crafting US policy on Israel-Palestine.
Israeli far-right think tank Kohelet is ‘shaping US policy’, experts say
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Ms. Cat’s Chronicles 
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