Tag: US Dollar

Venezuela: 5 Strategic Reasons for Nicolás Maduro’s Presidential Candidacy

Tina Marie (Ms. Cat)

During his second term as the president of the Bolivarian Republic of Venezuela, Nicolás Maduro has achieved fundamental milestones to overcome the crises generated by the far-right opposition and the United States. These achievements have led the country towards political, economic, and social stability. They have strengthened his leadership within Chavismo and have positioned him as the natural candidate to represent the Bolivarian Revolution in the presidential election scheduled for July 28 this year.

Venezuela: 5 Strategic Reasons for Nicolás Maduro’s Presidential Candidacy

Anti-Imperialism in the US Today: What It Is and Is Not

Tina Marie (Ms. Cat)

Fidel Castro, the world recognizes as a historic anti-imperialist figure, repeatedly warned that the main danger to humanity is US imperialism: “There is an enemy that can be called universal, an enemy whose attitude and whose actions…threaten the whole world, bully the whole world, that universal enemy is Yankee imperialism.” He fought to build a world united front against imperialism, of the world’s peoples and countries to oppose the barbarous actions of US imperialism. We see that anti-imperialist unity right now with United Nations votes and worldwide protests against the US-Israeli slaughters in Gaza, in what the New York Times in 2003 called “a second superpower.” 

Anti-Imperialism in the US Today: What It Is and Is Not

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

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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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