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Trump administration 2024-2028

daftandbarmy said:
That revolution needs to be an internal one... to overthrow their self-defeating economic system

Argentina’s Endless Cycle: Why Sovereign Debt Crises Keep Returning​

Argentina’s recurrent debt crises reflect deep structural weaknesses: fiscal dominance, financial dollarization and institutional fragility. Despite repeated reforms, external bailouts and policy swings, the country remains trapped in a cycle of over-borrowing, defaulting and restructuring. Understanding these crises requires an empirical look at debt dynamics and a theoretical framing in terms of financial fragility, creative destruction and credibility traps.

www.fairobserver.com

Argentina’s Endless Cycle: Why Sovereign Debt Crises Keep Returning

Argentina’s recurrent debt crises reflect deep structural weaknesses: fiscal dominance, financial dollarization and institutional fragility.
www.fairobserver.com www.fairobserver.com
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It's hard to believe today, but as recently as 1940, Canada and Argentina were ranked 9th and 10th in GDP respectively.

Now Argentina is more comparable with Ontario in terms of size of GDP.
 
Altair said:
It's hard to believe today, but as recently as 1940, Canada and Argentina were ranked 9th and 10th in GDP respectively.

Now Argentina is more comparable with Ontario in terms of size of GDP.
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But Argentina is getting 40Bn from the US…
 
Altair said:
With the way they are preventing the peso from dropping they will burn through that in 6 months.
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America first but yet they are propping a country that the US has no real connection to over the last 40,50,60yrs. On top of that the US is yanking Venezuelas chain big time.
Let’s see, Argentina to the south of Brazil and Venezuela to the north. Is there some attempt to ‘surround’ Brazil for some reason?
 
Czech_pivo said:
America first but yet they are propping a country that the US has no real connection to over the last 40,50,60yrs. On top of that the US is yanking Venezuelas chain big time.
Let’s see, Argentina to the south of Brazil and Venezuela to the north. Is there some attempt to ‘surround’ Brazil for some reason?
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Naval base to Uruguay incoming.

They will tighten the noose until Bolsonaro is released.
 
Remius said:
But Argentina is getting 40Bn from the US…
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Disappear Cbs GIF by The Late Show With Stephen Colbert
 
The forlorn hope continues ...

Argentina: Don’t Waste Yet Another Opportunity to Dollarize​


On October 9, US Treasury Secretary Scott Bessent announced that the US has bought Argentine pesos and finalized a $20 billion currency swap framework with the country’s Central Bank (BCRA). The specifics of the swap, along with forms of assistance the Trump administration has indicated it is ready to provide to support the Milei administration, are expected to be announced on October 14 as the Argentine president meets with President Trump in Washington.

As Bloomberg reported, “Trump and Bessent are making a bet on a nation that’s defaulted and devalued repeatedly over the past several decades. The goal is to help their political ally, President Javier Milei, notch a win in the Oct. 26 midterm elections, and calm markets unsettled by fears of his leftist rivals returning to power.”

This unusual direct intervention from the US Treasury followed the Argentine Treasury’s spending of at least $1.5 billion over the past week in an attempt to stabilize the peso, which continued to lose value nonetheless. Unfortunately, peso volatility has long been the norm in Argentina, rather than the exception. Major peso collapses have occurred in 1952, 1958, 1967, 1975, 1985, 1989, 2001, and 2018/19.


 
Oh to see direct foreign interference in another countries elections conducted in broad daylight.

Really reminds us of the commitment to transparent government that the president and his administration has. From bribes to direct foreign interference, firing people who oppose him to use national security as a pretext for blatant economic warfare, he really is the most transparent president because he's learned the most important lesson a president has ever learned. The congress will never stop him, and neither will the supreme court.
 
Altair said:
Oh to see direct foreign interference in another countries elections conducted in broad daylight.

Really reminds us of the commitment to transparent government that the president and his administration has. From bribes to direct foreign interference, firing people who oppose him to use national security as a pretext for blatant economic warfare, he really is the most transparent president because he's learned the most important lesson a president has ever learned. The congress will never stop him, and neither will the supreme court.
Click to expand...
Yes, he's going to do everything he wants and no-one can stop him.

Reap it, suckers.
 
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