Tag: Inflation

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.

…

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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U.S. can ‘certainly’ afford military support to both Israel and Ukraine, meanwhile…

Tina Marie (Ms. Cat)

U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says

“America can certainly afford to stand with Israel and to support Israel’s military needs and we also can and must support Ukraine in its struggle against Russia,” Yellen said, adding that the U.S. economy is doing “extremely well.”

“Inflation has been high and it’s been a concern to households, it’s come down considerably. At the same time, we have about the strongest labor market we’ve seen in 50 years with 3.8% unemployment. And at the same time, America, the Biden administration, has passed legislation that is strengthening our economy in years to come for the medium term.”

Related:

Ticking Time-Bomb: Food Inflation Is Crushing Millions Of Low Income Americans (archived)

And so the debate circles round and round. The US, the “most wealthy nation on the planet”, has a food security problem and is on the verge of an inflationary calamity for millions of low income citizens, all while it spends hundreds of billions of dollars on pointless climate change programs, diversity and inclusion initiatives and proxy wars. Something has to give, and the chances are growing that it will be the American consumer.

“60 Minutes” reveals how US tax dollars are supporting Ukrainian small businesses, farmers, and the salaries of 57,000 first responders

Tina Marie (Ms. Cat)

“60 Minutes” reveals how US tax dollars are supporting Ukrainian small businesses, farmers, and the salaries of 57,000 first responders

Related:

In Ukraine, American taxpayers funding more than just the military

DFC CEO Travels to Kyiv in Show of Unwavering Support and Makes Several Announcements to Catalyze $1 Billion in Private Sector Engagement

Lindsey Graham is such a psychopath!

Sen. Rand Paul: Ukraine Has Canceled Their Elections, So No We’re Not Defending Democracy

Tina Marie (Ms. Cat)

Sen. Rand Paul: Ukraine Has Canceled Their Elections, So No We’re Not Defending Democracy

I don’t think good idea for our country to borrowing. We’ve given them, I think over $113 billion, they’re asking for another $24 billion. But if you read between lines, they’ll tell you it will last about two to three months and then they’ll be back again. Every two to three months they’re over here, you know, he’ll be here again today begging for more money.

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

Tina Marie (Ms. Cat)
Geopolitical Trends, w/Dr. David Oualaalou

The left-wing government of Germany has passed a controversial new “green” heating law that will force at least 65 percent of all new installed heating systems to be “renewable” energy.

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

Related:

Germany Heating Law: How the Building Energy Act Became So Controversial

“If we really want to tackle climate change, the state has to interfere more in what had been private issues because we have to change our behavior,” Römmele said.

Germany mandates switch to heating via renewables with Building Energy Act amendment

The focus of the amendment is on new heating systems, as these are used for an average of 20 to 30 years and the government wants to ensure they are low carbon from the outset. Existing heating systems, however, can continue to be operated as before. This is a compromise reached in the legislative process to mitigate the economic hardships otherwise caused by the amendment.

Argentinians protest against IMF-imposed austerity measures

Tina Marie (Ms. Cat)

Argentinians have taken to the streets of the capital, Buenos Aires, to protest against austerity measures imposed by the government following a deal with the International Monetary Fund (IMF).

Argentinians protest against IMF-imposed austerity measures

AP ‘conveniently’ leaves out the IMF deal! It’s almost as if they want Javier Milei to win (of course, they do)!

Previously:

How Javier Milei Upset Argentina’s Political Status Quo