Argentina bond market plunder explained

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.”

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!*

Brazil’s role in BRICS: “Forewarned is forearmed”

Full video

Lula’s ‘veto’ against Venezuela’s entry to BRICS is a continuation of his general policy.

Brazil’s Performance in BRICS: “An Announced War Doesn’t Kill Soldiers”

Google translates the original title “La actuación de Brasil en Brics: ‘Guerra avisada no mata soldados’” as “Brazil’s role in BRICS: ‘Forewarned is forearmed.’” “Forewarned is forearmed” is a proverb meaning that one gains a tactical advantage if they are aware of potential threats or issues beforehand.

Previously:

Venezuela Rejects Brazilian Government Interference [Amorim has served US imperialism for decades]

Brazil’s Lula toes the Western line and opposes Venezuela’s and Nicaragua’s membership in BRICS

President Maduro Responds to Lula and Petro’s ‘Proposals

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

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

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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Humor in the Headlines Over China in Latin America

Illustration by Greg Groesch/The Washington Times
“As China arrives with a splash in Honduras, the US wrings its hands”- Washington Post, October 2, 2023

In a break from its hysterical coverage of the existential threat posed by Donald Trump, the Washington Post – house organ of the Democratic National Committee – cautions us of the other menace, China. “When the leader of this impoverished Central American country visited Beijing in June,” we are warned, “China laid out the warmest of welcomes.”

Humor in the Headlines Over China in Latin America

Related (Archived):

The U.S. Defense Department’s Role in the Honduras Coup

Peru Won’t Force Contested Mining Projects on Communities

US Alarmed by China’s Big Steps in America’s Backyard

Biden’s ally in Guatemala?

CHIUL, Guatemala − Life in Bartolo Báten’s village has been defined by corruption: A teacher who can’t get a job at the school until she pays a bribe. A water project that runs out of money before the pipes reached town. Sick residents who can’t afford the medicine that’s available elsewhere.

Insurgent candidate tells Guatemalans: Stay, don’t go to the U.S. This time, they’re listening. (archived)

Related:

Seven Decades After Guatemala Coup, Bernardo Arévalo Sees a Dramatic Rise (Will Freeman, CFR)

Arévalo and Semilla are centrists—but in a country where politics habitually skews right, they are often described as center-left. “Semilla has a social democratic element, but its program is centrist, and it also has some center-right followers,” said Lucas Perelló, a political scientist who has spent time studying the party’s formation. Arévalo says he wants to gradually universalize existing social assistance programs to include a greater share of poor Guatemalans, reduce the cost of medicines and healthcare, and link isolated parts of the country through new infrastructure—doable tasks, given Guatemala’s exceptionally low share of debt as GDP, and necessary ones, given the country’s soaring poverty and malnutrition rates.

On security issues, another major concern for Guatemalans, Arévalo promises to increase state presence in crime hotspots, reclaim jails from gangs, and use intelligence-gathering to dismantle mafias. He says Bukele’s anti-gang strategy is not applicable to Guatemala. He is also critical of human rights abuses in Venezuela and Nicaragua and Putin’s war on Ukraine and has no stated plans to recognize China over Taiwan. Asked for a leader he admires, he named the ex-president, José Pepe Mujica, of Uruguay, where he was born during his father’s exile.

Pentagon sending troops to train Peruvian coup regime’s killers

The US Southern Command (SOUTHCOM), the Pentagon’s overseer for Latin America and the Caribbean, will be sending hundreds of Marines and special forces troops to Peru beginning as early as this week, to train military and Peruvian National Police special forces units. These same forces have carried out massacres and extra-judicial executions to suppress the mass protests against the coup regime of Dina Boluarte.

Pentagon sending troops to train Peruvian coup regime’s killers

Orinoco Tribune Editor: There Was a Coup Against Pedro Castillo in Peru + Some Notes

Orinoco Tribune Editor: There Was a Coup Against Pedro Castillo in Peru

Rodríguez remarked that the appointment of Vice President Dina Boluarte as the de facto president is a measure adopted by the Peruvian Congress to disguise the coup d’état. “Naming Dina Boluarte as the de facto president is a halfway solution between Pedro Castillo and José William Zapata, the president of Congress, who is a right-wing military man accused of corruption and drug trafficking and what have you,” he opined. “So, I believe they chose Dina Boluarte to prevent greater tension or political instability in Peru… In fact, José William Zapata was the president of Peru for some minutes and then transferred power to Dina Boluarte. This was all that was behind the coup in Peru.”

Some notes, to self, on José Williams, Hernando de Soto, Institute for Liberty and Democracy, Omidyar Network, & Atlas Network:

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