I thought Argentina was thriving under the new government?

I thought Argentina was thriving under the new government?

Yes, did you forget the old phrase

With jews you win

??

Sad!

Nothing ever happens here

Uber poverty

trusting jews

Yeah we want more taxes on our $14 cigarettes please

I guess they are prepared for another round of austerity.

filename

kek
simple, yet still funny

The government is running a budget surplus. The problem is the Peronists left no reserves in the central bank and we need to remove currency controls so that investment will come.

Nobody will invest in Argentina knowing you can't take the money out. So we need to remove those controls. But to do that and float the currency we need forex reserves.

Poverty went down under Milei.
He lowered inflation from 25% monthly to 2% monthly.
Balanced the budget.
Lowered poverty from 53% to 38%.
We are seeing 5% GDP growth.
Everything in one year of government.

The situation isn't completely fixed but desu you couldn't ask for more given how fucked everything was when he took over.

lol Menem 2.0 fucks Argentina with another IMF structural adjustment program

ah hahahaha

Just as an aside, never, ever actually learn monetary economics, because you'll discover heads of state are just as fucking stupid as the average Anon Babble user

if that's so,why is milei desperate to get some deal with the IMF? they keep telling him to fuck off

what's he going to do with the budget he's not currently spending? give it to Israel or something?

You have to realize Anon Babble at this point is just a bunch of brown redditors seething at anything right wing.

I like to check the reddit posts that are anti america and its always niggas from India, or like the Balkans its hilarious.

if that's so,why is milei desperate to get some deal with the IMF?

I explained it on the previous post, there's no forex reserves, the previous government actually left negative reserves (the Central Bank owes more money than it has). The urgency is to float the currency to get investments flowing in and the economy to grow sustainably. (We have 5% growth but it will be a dead cat bounce with no foreign investment)

what's he going to do with the budget he's not currently spending?

Paying denbts and sending it to the Central Bank so the CB can also pay denbts.
But there's urgency to remove those currency controls to have a more normal economy.

I saw someone defending MMT on another thread, wild stuff.

Poverty went down under Milei.

He lowered inflation from 25% monthly to 2% monthly.

Balanced the budget.

Lowered poverty from 53% to 38%.

We are seeing 5% GDP growth.

Everything in one year of government.

You are mentally challenged.
He can tell you whatever lie he wants and you eat it whole.
Lmao.

The previous government left no reserve

Literally a lie.
Also he sent all our gold to a foreign country.

lolbertarians will never live this down

He can tell you whatever lie he wants and you eat it whole.

If it was a lie he wouldn't have the 2nd highest approval rating on the continent.
Also the poverty rate comes from UCA which hates Milei.
They had to admit it went down hard.

cadena3.com/noticia/radioinforme-3/la-pobreza-cayo-al-389-segun-datos-del-observatorio-de-la-uca_403165

The previous government left no reserve

Literally a lie.

It's not a lie retard I was following the numbers every day and telling my mom not to put dollars in the bank. Check Hombre_Manzana on X he posted a report every week with the official data all the way back since 2018 he was warning about it.

Also he sent all our gold to a foreign country.

That's normal it's a repo. We still own the gold.

this bullshit isn't new in latin america. every so often when the powers that be want to knock us down a peg they pull the rug out from under us and install a neoliberal government that deindustrializes the country and hands over everything to foreign countries. they do this while pointing out our existing structural issues and promise that liberalization will fix it but it doesn't.
they just rebranded themselves as "libertarians" now but it's the same neoliberal shit from 40 years ago.
this works because we have no real economies (ie industry that we actually own), our states have no defense mechanism against economic and political subversion, and we have the memory of mentally impaired goldfish

Is he going to keep kissing America's ass and trying to dollarize?

Tuvimos 40 años desde que terminaron las dictaduras para industralizarnos y no lo hicimos. ¿De quién es la culpa? ¿De Estados Unidos?

THIS BASTARD IS THE PERSONIFICATION OF THE JEWISH SYSTEM...they destroyed the concept of social equality (Egalitarianism) in the same way, equating it with their shitty Jewish communism, developed by the son of a rabbi.

Now they have destroyed the concept of libertarianism...with the help of their swindler.

IMF

They are officially enslaved by jews. They already were but now it's official.

si pueden instaurar dictaduras así de fácil, ¿piensas que nos van a dejar industrializarnos? simplemente pasaron a un modelo de control indirecto.

pero, fundamentalmente, el problema no es que nos dominen, el problema es que nos dejamos dominar. no sé si somos así por naturaleza o si es un problema material. pero lo que sí sé es que este proyecto desde independizarnos fue mal concebido y mal ejecutado

there was a lot of hype, but theres a sincere will to change, we are so behind in development compared with other LATAM countries that we turned into a gigantic joke.
even the former people in office support this guy.
past administrations aligned with CHAVIST VENEZUELA, and disregarded alca and commerce traties with the us....
the coping from that may be a bit extreme

imf loan

looks like he learned from the boss

I wish we had Milei in charge of America instead of the Orange Retard.

Foreign-denominated debt is a huge part of Argentina's problem. They have to constantly acquire dollars through export to service their debt. Turkey has the same problem.

IMF

Yeah Argentina is fucked he basically sold it to globo homo. rip

Hahahaha

Socialism didn't work for us though, it's natural to think the opposite system will work (actually, it does).
Also you seem to think that libertarianism is not a new concept in southamerica, but that is also wrong, it is new and nothing like old neoliberal goverments, southamericans never cared about economic freedom like the americans did, now they realised how the USA became rich after its founding, though a little bit too late.
Absolutely delusional. You seem to think that we are poor because of american intervension, but I just don't see it. The problem is and always has been socialism, big goverment cetralization which leads to corruption and inefficiency.

No? He's a jew cocksucker and has been since the beginning.
People are still too stupid and engage in the old "left" vs "right" dichotomy. When in reality L or R doesn't matter as it's always the jews in the end.

Milei is a retard too, he just has the right economic ideas.
I wish someone combined being economically reasonable, not corrupt, and mentally stable.

Your country needs economical reform though, people will not eat just because milei denounces the jew. So yeah, I would focus on the whole economical aspect instead of the whole jew problem.

El proceso de desindustrialización continuó post dictaduras por el movimiento de las industrias hacia países asiáticos. Pero no sólo fracasamos en eso, fracasamos en cosas que son indispensables para agregarle valor a la economía como la educación y la tecnología seguridad, etc. Devuelta, esa es una lógica vieja que tuvo tracción en un momento de combulsión social y de intervencionismo de Estados Unidos pero nunca tuvo demasiada sustancia. Somos los responsables de nuestro fracaso.

he just has the right economic ideas.

So not a retard like Trump.

Argentina needs someone who understands economics in charge. Argentina has a lot of potential that's been squandered by coups the economic incompetence.

2% monthly inflation

I'm so fucking sick of this rat fuck and his lies. Walk down the street and ask 50 people what they think of the official I fashion rate being 2% you'll be laughed at and inevitably assaulted.

5% monthly is still bullshit. Note the bread price.

It's time Anon Babble accepted that we Peronichads were right.

I seriously feel bad for you for drinking our kool-aid lmao

our country has been slowly collapsing for the last 40 years

This cryptocommunist retard all is doing is using dollars in the central bank to buy pesos and artificially keep the peso dollar exchange rated larped with a strong peso.

Now he is even taking debt to do this shit he is out of his fucking mind our prices are only surpassed by switzerland now we are fucked.

The situation is 3x worse than before, fucking motorcycles or car prices have done a 2.5x in price in dollars, our dollar inflation is even worse than p*ronists price controls, instead of price controls on food now we have price controls on the dollars, but the price control on foods at least made us hyper cheap so we had an export surpluss now we are costlier than switzerland due to price controls on the dollar and even fucking companies are leaving because they can't even send fucking dividends on the only libertarian gov on the planet.

Words can't describe how fucked things are, imagine a piece of software, the retard milei created a new front end to give a modern look that everything is ok, but the back end is collapsing, written in cobol, with rules of decades ago nobody knows why they are there and it keeps crashing at an ever repeated rate, that's our situation now.

Worse most debt repayments will happen in 2026-2027-2028 and we are arriving then being the costlier country on the planet.

I went to our coast last summer and top tier properties all for sale, which says all you need to know when richfags are liquidating their properties to pay for everyday expenses.

slowly

This is not true, brasil has a massive industrial complex on some level more advanced like china (like embraer competing with airbus and boeing), or alstom producing at on there.

And say what you want about the brasilian left or right but neither fucked with central bank independence or forex system.

We now have a right wing "libertarian" government manipulating forex by price fixing the currency value, meanwhile fucking Lula is operating on a floating exchange rate model.

youtube.com/watch?v=N5ZHD9-zdkQ

I wonder what their attrition rate is. Given that most of these Reddit faggots have never exposed themselves to alternate ideological viewpoints, I imagine they do about as well here as Native Americans did with smallpox.

we are so behind in development compared with other LATAM countries

What the fuck are you talking about?
We are the 2nd most developed country i
the region according to the UN.

We have some of the lowest poverty rates (Macri raised the poverty line to make the Kirchners look bad but if we measured poverty like Chile we would have 17% poverty), good education numbers, life expectancy.

Ever been to Paraguay? Peru? Why do you think those people come to live here? How can you say we are behind, retard. I swear you people have been psyoped by the media into hating your own country.

At least companies aren't all leaving and going bankrupt.
I think milei's plan is to just keep things afloat until he dollarizes. He said he was gonna make the dollar price float by the end of the year, didn't he? What do you think is gonna happen then?

Milei is even more retarded than drumpf, he is literally price fixing our currency to make our costlier and our exports non competitive while we lack the forex to do the price fixing of our currency.

At least Trump has an excuse to escape the triffin dilemma even if he thinks bretton woods is a pie or something like that

These god damn fucking kikes

We do not have socialism so you cannot blame current failings on socialism, I also think it's funny that you immediately think I support "socialism" because all you retards are following a script from think tanks.

The USA became rich because of protectionism and the period of time in which they rose most economically is also the period of time in which they adopted more socialist leaning policy.

it's natural to think the opposite system will work (actually, it does).

We currently have the opposite system and it does not work. But also this is why we can't have serious discussions about policy, because you retards never understand nuance.

big goverment centralization which leads to corruption and inefficiency

Our governments have always suffered from lack of centralization and lack of power to enforce the law and from not having enough capital to compete against both governments and private capital.

corruption and inefficiency

Corruption is literally defined as rich people using their capital to bribe government officials. Poverty of the government is what causes corruption and inefficiency. It is part and parcel of developing economies. Although I also think that our political models as something copied from outside and not organic to us and our natural evolution play a huge role in their dysfunction.

If you want a real success story and a real example to follow in economic models and getting rid of corruption, look at China.

post hand

its to replace short term high interest debt with long term low interest debt

Milei is trying to limit the ability of the Argentinian government from fucking up monetary policy for the umpteenth time by pegging the peso to the USD. Trump trying to crash the US economy aside, that sounds like a sound policy.

At least companies aren't all leaving and going bankrupt.

Quite the opposite we now have record numbers of companies leaving, with the p*ronists and their retarded capital controls they could not send dividends but costs were so low that they were on "wait and see" mode or saying otherwise the wages were so low in dollar terms that even if their local branch was not making them any money it was also not worth to sell.

With M*lei our costs of living went so parabolic that even the lowest worker in a bank is making almost 2000 usd a month plus companies have to pay union wages vacations and all that shit we are literally as costlier as switzerland now, and the capital controls not only remain but milei governments says they are great and healthy, so now these companies are panicking they are no longer on "wait and see" mode but outright liquidating their local operations and getting gtfo while they can because it's a thing not being able to liquidate dividends while the local branch is self sustaining due to low costs.

it's another whole shitshow not being able to send dividends home but having costs higher than switzerland, hsbc left a few months, Shell is trying to sell everything now and leave, Procter & Gamble is leaving, Walmart left, Xerox, Clorox left, even fucking Nike that sells cheap shit is leaving and so Eli Lilly as we went from the cheapest medicine production in the world to higher costs thant the usa.

Words can't describe how fucked shit up it's a nightmare for me as i was a libertarian since 2010 and grew up with milei radio show and did not voted for him because he changed two years ago and started to talk about other stuff about doing magic with central bank passives and shit like that.

But this is martinez the hoz on steroids taking debt to make us costlier to the point multinationals can't sustain operations, dude is out of his fucking mind or an outright communist trying to create the conditions for the collapse of the system.

convert to judaism

scam a crypto currency

devalue country

sell country to jews

it's like pottery

pure MIGA

you are fucktarded

big goverment cetralization which leads to corruption and inefficiency.

that is the crux of the matter

Milei is trying to limit the ability of the Argentinian government from fucking up monetary policy for the umpteenth time by pegging the peso to the USD. Trump trying to crash the US economy aside, that sounds like a sound policy.

He is not pegging the pesos from the usd, he is borrowing dollars and then buying pesos to keep the real peso/usd rate to exist in the market.

That makes us costlier and the export capability lower due to higher costs and thus this loops needs more debt to keep the peso artificially strong.

Fucking commie Lula has a strong currency with a floating exchange rate like any rational capitalist nation has, meanwhile this fucking retard is literally doing price controls on the peso exchange rate to make us costlier.

Say what you want about the fucking peronists but they did price controls on food which leads to lower cost of living and thus ultra cheap wages and a ton of export capability.

Now we are literally doing price controls on the usd peso ratio and making us artificially cost as much as switzerland because we have 5% of monthly inflation in dollar terms because the real market peso/usd exchange rate is not allowed to manifest, worse he is doing this by taking debt.

brazil growth 2000-2022

500%

argentina growth 2000-2022

200%

nough said, its the same trend in other countries except venezuela

Argentina has been under Milei for about 1.5 years, not even half of a single presidential term, and a lot of metrics look good. I think it's perfectly reasonable to attribute the difficulty to the abject failure of decades of socialist rule. The trouble with planned or heavily regulated economies is sometimes the planners are retarded.

The problem is that we should be blue like Australia if we didn't go through half a century of retardation.

He's not "fixing the currency" he is dealing with the currency controls the previous government left, that's some double-think bullshit you are doing. He can't literally fix every single problem in the economy at once it's been one year.

The Kirchnerists are complaining about the Central Bank reserves which they left in the red and complaining about their own currency controls which they also left in place it's insane. And when he devalued the currency at the beginning of the mandate they said it was a brutal policy, now they complain he's not devaluing again, bunch of insane hypocrites. They and their followers.

argentina dollarizing and then the US financial system imploding (which is not so distant of a possibility) would be so fucking funny

imf

so theyre going full 2030 WEF "you vill own nothing" gay nigger retard society?

Petróleos Mexicanos

your entire post is propaganda

They're seething at anything white/european in general, that's why the massive butthurt about faggotry being normalized again

I don't know a lot about the history or Argentina but it seems like they have a lot going for them. Why are you struggling this hard. Also it seems like your policy keeps changing drastically quite often,State owned everything, extreme libertarian, more open trade, more protectionism, planned economy, market economy, ...

Why do drastic shifts like this happen? Is a middle ground possible? Maybe the shifts are the problem?

What part of "he can't float the currency with no Central Bank reserves" you people don't understand? Net CB reserves are U$S -11 billion in the red. If he gets the IMF loan and floats the currency all your complains about overvaluation will be solved overnight. And foreign investment will pour in.

He is not pegging the pesos from the usd, he is borrowing dollars and then buying pesos to keep the real peso/usd rate to exist in the market.

My mistake. I could have sworn he said that was his plan.

Your suggestion that Peronism is better is making me doubt your objectivity. You need a strong economy before you can afford handouts. Social programs without a strong economic foundation would lead to runaway inflation.

But what do I know.

Kek the line across Belgium.
Sad but true.

They took kike Lomas so they were praised. Now the hardship (paying) comes so es no bueno.

He's not "fixing the currency" he is dealing with the currency controls the previous government left, that's some double-think bullshit you are doing. He can't literally fix every single problem in the economy at once it's been one year.

He is making them stronger because now we have switzerland tier costs and corporations can't send fucking dividends, the only assholes celebrating are the few retards that were working in blanco before he got elected and have seen their wage rise 50 usd every month while the entire economy is starving, it's as bad as the 2012-2015 late stage kirchnerism were they were celebrating as they gave larp gov jobs to their entire families.

The Kirchnerists are complaining about the Central Bank reserves which they left in the red and complaining about their own currency controls which they also left in place it's insane

They should have left the central bank burn, not fix this, now we have -10b net reserves and they are even using the blanqueo private deposits insurance to dump the ccl.

And when he devalued the currency at the beginning of the mandate they said it was a brutal policy, now they complain he's not devaluing again, bunch of insane hypocrites.

Hypocrites yes but not insane, just your average gov vampire, the problem is that devaluating is not bad in a floating exchange ratio like brasil has (or any rational capitalist country), the currency floats against each other and devaluating means your costs remains more or less the same over time.

We now have wagies making as much as euro tier wagies while our exports are going to shit, our cars can't even be sold to brasil and need to take 85% of the imf debt issued worldwide to keep doing this insane shit.

Devaluation = makes you cheaper > auto adjust to higher wages eventually

Artificially strong peso = makes you costlier > companies can't compete > systemic collapse.

Both are bad, but the second is 10x more insane

What part of "he can't float the currency with no Central Bank reserves" you people don't understand? Net CB reserves are U$S -11 billion in the red.

And?Which country needs a central bank to operate in a floating exchange rate?

You just sent a swift wire between exporter and importer without going through a central bank, this thing about central bank reserves is fascists insanity from peronism were all wires have to be pre approved by the gov.

Most countries central bank reserves are just there to deal with aftershocks and growing constantly.
In fact only countries without floating exchange rates have reserve problems.

If he gets the IMF loan and floats the currency all your complains about overvaluation will be solved overnight. And foreign investment will pour in.

He won't float unless forced by the imf he fucked everything up, by making it a political point for this year elections worse a lot of importers are stocking up with insane prices like motorcycles sold for 800 usd 400 years ago now being sold for 4000 usd.

I hope the imf forces it on him tough for the good of the country or we are totally fucked.

Argentina is getting exactly what it deserves.
KEK

imagine if someone started a big forest fire

Is this the beautiful Chinese Yangtze?

Peronism as a general rule is cancer, gibsmedat tend to get out of control, but i said that because you don't understand the scale of what i am talking about.

Peronists did shit like price controls on food, this gov is spending like 15 billion usd per year to keep an exchange rate freeze and since that makes you costlier in usd we have less exports and more imports and people traveling abroad, since that happens this is a suicide loop were you need more and more dollars to keep the rate and he is doing it with debt shit is insane.

Say what you want about the peronists but this is even worse since you can't even argue if it's worse long term, since this can't last long term since it's a civilizational death loop

commie fix exchange rate > people wages go up in usd terms > less exports more vacations abroad > more usd needed to keep the exchange rate larp > take more debt > repeat loop

I don't think you understand how bad things are on that front already

We took more debt from the imf than ukraine has spent in it's 3 years of war shit is insane and most of this debt will have to be paid in 2027-2028 and we are arriving there costing more than switzerland.

800 usd 400 years ago

*400 days ago

corporations can't send fucking dividends

corporations can't send fucking dividends

That was the case for the previous 4 years of government what part of "capital controls" you don't understand? It's not Milei's fault it's the system he inherited and which he is trying to change, you are engaging in doublethink, blaiming him for something the previous government did. The whole point of the loan is to end those controls.

while the entire economy is starving

Poverty went down hard not even the Peroniggers dispute this anymore.

They should have left the central bank burn

No they shouldn't, you would be complaining about it if they did.

Hypocrites yes but not insane

No, what they did with this country is insane. They left 25% monthly inflation.

the problem is that devaluating is not bad in a floating exchange ratio like brasil has (or any rational capitalist country),

What part of HE WANTS TO MOVE TO A FLOATING EXCHANGE RATE BUT DOESN'T HAVE THE FOREX RESERVES (THUS THE LOAN) you don't understand? He is doing what you want him to do. Your complaining is ridiculous, he can't move faster than this.

companies can't compete > systemic collapse.

It hasn't gotten to that point, the economy is growing. You are exaggerating, we are not as expensive as Switzerland (if you look the cost of living index we are about the same as Chile), it's true that the country has gotten more expensive but if they can remove the currency controls it's gonna be fine. All the rest (budget deficit gone, money printing gone, deregulation done) has been fixed, he just needs to remove currency controls and keep lowering taxes.

Peronists left no reserves in the central bank

categorically and demonstrably false

but keep shilling for billionaires that will never reward your servitude

unless you're a paid shill, in which case you'll be replaced by LLMs in months time

either way lmaoing @ your life

What is that and where?

categorically and demonstrably false

U$S - 11 billion negative forex reserves.
Nigger.

invecq.com/contenidos/reservas-netas-en-terreno-positivo/

We took more debt from the imf than ukraine

Milei hasn't taken any IMF debt. The news in the OP will be his first (and hopefully only) major loan.

AGAIN you are blaming Milei for something the previous governments did, you are a dishonest propagandist.

"i'm not a socialist!"

immediately starts advocating and defending socialism, critizing capitalism and putting china as an example

Lmaooooo like clockwork

That was the case for the previous 4 years of government what part of "capital controls" you don't understand? It's not Milei's fault it's the system he inherited and which he is trying to change, you are engaging in doublethink, blaiming him for something the previous government did. The whole point of the loan is to end those controls.

omfif.org/2022/07/what-are-central-bank-reserves-for/

Central bank reserves have absolutely nothing to do with the forex model, only in Peronia, forex operations are forced to go through the central bank, even in nazbol russia wires are done through private banks.

It's not Milei's fault it's the system he inherited and which he is trying to change, you are engaging in doublethink, blaiming him for something the previous government did.

I am not blaming it for the previous govermnent policy i am blaming him for implementing an even worse policy by constantly dumping on the ccl he made the cepo once aimed at rural exports and extended it to services and constructions since the dollar inflation that such a move created made us totally uncompetitive.

The whole point of the loan is to end those controls.

I hope you are right, i think you are naive tough, all the gov shills are shilling that the cepo is the greatest creation ever now, and why would they not, a fucking plazo fijo uva gives you gains on the 50% tier in usd in a few months, shit is insane.

Seeing how vendehumo this gov is, best case scenario is that they remove the cepo in name only but don't allow dividends and start to create eurodollars in the banking system like caputo tried to do with that shit of the "you can pay in usd with a debit card now", when anyone with 3 digits iq knows that if the reserves are negative and they are using the encajes those are larp eurodollar bank usds that don't really exist.

So i think best case scenario is a larp ion that level were they say they removed the cepo but importers can't pay in realtiy.

In Libertarian paradise.

the capital controls not only remain but milei governments says they are great and healthy, so now these companies are panicking

If that is the problem, then what is your opinion about milei announcing that he will end capital controls before the year ends?

Poverty went down hard not even the Peroniggers dispute this anymore.

Nigga open uber or cabify you can literally travel 30km for 5 usd it's the only thing that has deflated in usd suprisingly, because people can't even reach the third week of the month with enough money, people are burning the capital they have and a lot of people are burning their cars to make a few extra pesos.

As for poverty yeah he increased gibs 3x in usd while the real economy is going to shit.

No they shouldn't, you would be complaining about it if they did.

About what?Fuck keynsian commie central banks they only are there to steal from the population.

No, what they did with this country is insane. They left 25% monthly inflation.

That was mostly the commie IMF demanded the retard massa to increase bienes personales to 4k usd, anyone with 4k usd in a bank had to pay for gibs this lead to everyone leaving the financial system.

Social democrats, peronists and now clearly milei tier libertarians should never ever be let close to a central bank they do this kind of shit.

Central bank reserves have absolutely nothing to do with the forex model, only in Peronia, forex operations are forced to go through the central bank, even in nazbol russia wires are done through private banks.

No, you are misunderstanding, if we remove currency controls it means free circulation, the money doesn't need to go through the Central Bank at all.

BUT the CB needs FOREX reserves to stabilize things you can't float with zero reserves, any speculator can create a run on your currency with very little effort. He needs forex reserves to be able to engage in defending the currency from any speculative attack. (As any CB does).

I hope you are right, i think you are naive tough, all the gov shills are shilling that the cepo is the greatest creation ever now, and why would they not, a fucking plazo fijo uva gives you gains on the 50% tier in usd in a few months, shit is insane.

The IMF will force them to remove currency controls, they hate the cepo. And it's the best thing that could happen because I hate the kookier ideas of Milei like dollarization, abolish the Central Bank and all that insane shit he promised on the campaign. (Full disclosure I voted for Bullrich)
If he floats the currency we are gonna be fine (unless the world economy implodes?), closer to being a normal economy which should be our goal.

What part of HE WANTS TO MOVE TO A FLOATING EXCHANGE RATE BUT DOESN'T HAVE THE FOREX RESERVES (THUS THE LOAN) you don't understand? He is doing what you want him to do. Your complaining is ridiculous, he can't move faster than this.

But the forex in the central bank won't be used for that it will be used to

It hasn't gotten to that point, the economy is growing

it's not sadly the only thing growing is car purchases because previous commie gov and bienes personales destroyed that area so they are rebounding now thankfully.

You are exaggerating, we are not as expensive as Switzerland

I said almost, an hotel in buenos aires is already costlier than manhattan, switzerland is probably the only costlier now we are definitely ont he level of democrat tier states and germany in regards to cost now.

it's true that the country has gotten more expensive but if they can remove the currency controls it's gonna be fine

True

All the rest (budget deficit gone, money printing gone, deregulation done) has been fixed, he just needs to remove currency controls and keep lowering taxes.

True but my intuition tells me caputo is fucking with the ccl because his "cepo removal" will be more larp eurodollar creations in the banking system that can't be wired or exist in reality outside of the banks database.

China is a mixed economy.

That was mostly the commie IMF demanded the retard massa to increase bienes personales to 4k usd, anyone with 4k usd in a bank had to pay for gibs this lead to everyone leaving the financial system.

No, the inflation spike had to do with the plazo fijo ponzi scheme, and the money printing in his campaign, that was 100% Massa and had nothing to do with the IMF. Argentina didn't meet a single IMF target during Massa but for some reason they let it slide.

He made things MUCH worse.

Milei was against Macri when he did the same shit plan and took all the debt to do that same shit plan that collapsed after high cost lead to a mid term election failure in the same shit plan.

You really can't make this shit up because it's happening in the same way.

AGAIN you are blaming Milei for something the previous governments did, you are a dishonest propagandist.

I am blaming him for making things worse and larping it's all fine, it's going to lead to not only an electoral disaster but an economic one and lead to multi decade peronist rule.

i am going to end the capital controls that give me and my buddies 50% of risk free interest in dollars per year after the election trust me bro

Were you born yesterday?There is a reason the imf is so against giving him money i would say they tend left(social democrat scum), but they are not wrong on Caputo and Milei this is next level we are spending more than a country at war to larp the exchange rate and the dude is going as far as creating debit cards in dollars to create bank eurodollars that don't exist anywhere in reality while real reserves are negative.

plazo fijo ponzi + bienes personales starting at 4k usd(clown world)(also fucking commie tax created by menem) + fuel costing less than water + ton of gibs

Milei was against Macri when he did the same shit plan

Macri didn't balance the budget, and he kept the LELIQ / PF ponzi scheme going. Milei did the opposite of Macri, he closed the budget deficit first, stopped the LELIQ ponzi scheme and stopped all money printing, now he's removing currency controls.

Macri failed because he removed the currency controls but didn't fix any of the other problems in the economy, thus it was short-lived. Macri never really cut spending and had large budget deficits, this is the opposite of that.

Argies still have not gotten over the Santa Isabel Entity

WTF!! that stupid cunt got free money, WTF!

Yeah I can agree 100% with this post.

It do be like that.

ANOTHER bailout for Argentina?
How many times does the world have to pay those lazy bastards?
Let them starve, they voted for it not my problem.

Argentina didn't meet a single IMF target during Massa but for some reason they let it slide.

argentina didn't meet a single IMF target since 2018 and they let it slide because they'd have to shutter the entire organization due to terminal retardation if they ever admitted it.

so they insist on argentina to save face. macri cucked them so hard it's unbelievable.

Those loans have to be paid back with interest, nobody is really happy about it.

No, you are misunderstanding, if we remove currency controls it means free circulation, the money doesn't need to go through the Central Bank at all.

You are right, but my intuition tells me that Caputo has some weird plans hence the histerical ccl supression, maybe he wants to create bank eurodollars that only exists on debit cards.

There are almost 0 reasons of why the current government would be so histerical trying to keep the financial dollars down so agressively unless they plan to do some financial larp later on or unless they want to larp the image of stability worldwide to get more gibs either way bad optics.

BUT the CB needs FOREX reserves to stabilize things you can't float with zero reserves, any speculator can create a run on your currency with very little effort

You are right but what is the fear?This country showed that due to being food independent it can tolerate extremly dollar inflation / deflation in extremly short periods, let those banco macro mandriles play the game they will get burned, that game only has winners when the central bank is in the middle.

You don't see speculators creating big movements in brasil, chile, the usa or japan?If anything it's shit like japan central bank causing shit not the speculators.

The IMF will force them to remove currency controls, they hate the cepo.

Again i hope you are right but the political orders they gave to their shills and the numbers don't give me that impression of the 20b the imf will give like 12 will go into repayments and we still have negative reserves, i feel it in my bones fucking caputo will create larp eurodollars that would align in the why they want to larp the financial dollars down so much despite exporters being forced to go through the bank dollars.

(Full disclosure I voted for Bullrich)

The most rational choice, i did not voted at all despite voting libertarian a decade ago so that gives you an idea were i am coming.

The news in the OP will be his first (and hopefully only) major loan.

...the value incurred to pay back a loan is by definition called "debt"

You are right, but my intuition tells me that Caputo has some weird plans hence the histerical ccl supression

caputo is a genius, i'll literally fight anyone who disagrees

i saw that man hold macri's meme goverment singlehandedly like he was atlas holding the entire argentinian economy.

Media jews always prop up other jews. It's a tale as old as time.

Those loans have to be paid back

Like the 27 previous "loans" you never paid back?
Again: how many times do we need to "save" Argentina before we admit they're never going to fix their ways?
Leeches need to starve, only way to teach them a lesson.

He flipped, they got to him.

But anon some monero appear in trezors after you give loans, now pay up.

ngl I was hoping he would succeed. Turns out libertarianism is actually retarded. Well fuck what do we do now? Communism again?

No you see, the housing availability in Argentina skyrocketed (because they evicted everyone)

i'm not even Argentinian but even I can see that you are retarded.

Again i hope you are right but the political orders they gave to their shills and the numbers don't give me that impression of the 20b the imf will give like 12 will go into repayments and we still have negative reserves

caputo-style intervention is not the same as the massa hammer. He prefers to fuck with the markets and release bonds.

27

You are making up numbers anon.

also the IMF always gets paid back. no country has ever defaulted on a IMF loan ever.

the ones that got shafted were private creditors in 2001 but even then we ended up paying more than the original debt, because we had to offer a good deal during the renegotiations and on top of that vulture funds sued the country to oblivion.

no bondholder ever lost money with argentina if they held to their bonds we always end up paying through the nose because of our retarded politicians.

jew

thriving

choose one, have you ever seen a host thrive with a parasite sucking everything up?

True on macri budget as for leliq / pf scheme they just moved that debt to the treasury and larped it, at current exchange rate the interest is higher than with massa in dollar terms, hence why destroying the central bank was a better option, letting the peso hyperinflate would have not fixed everything but a 5 months hyperinfaltion with Milei would have fixed 75% of the problems and give him free reign to do reforms instead of governing by decree as a fucking retard giving the peronists an excuse to do the same if they are ever back which my intuition tells me it's very close as the whole poverty going down shit seems only real in gibs terms.

Everyone i work with is literally telling me that one month they are barely paying their costs and next month forced to sell dollars to survive, also the dollar inflation is massive cars, photo cameras, motorcycles, you name is now almost 3.2x costlier than with fucking massa while people are spending on fixed costs going higher and higher.

Should this shit end up bad electorally it's going to be 2018 2.0, but worse because macri at least had credit markets with credit cards financing at 24 months interest free so the devaluating actually reduced private debt leading to two more stable years.

This could lead to a depression due to existing stocks bought at 2x the usd value than the historic average and economy operating already in slow mode.

isn't this guy a literal jew who rugpulledh is own country with a shitcoin?

I remember Anon Babblechuds and lolbertarians claiming that (((Milei))) will fix the economy.
Le based AFUERA memes constantly being posted xD

But by all objective measures, Argentina is actually worse off under (((Milei))). Literally everything is more expensive, people don't have jobs, etc.

Don't get me wrong, Argentina wasn't great. But he made it much worse

You are making up numbers anon.

OK it was 22, just 22 times Argentina bankrupted itself and taxpayers from the rest of the world had to pay their hard earned cash so lazy Latino's can sit on the beach drinking rum.

Racking up 22 IMF loans since 1958, Argentina owes the IMF more than $40 billion.

Are these the famous buff homo furry space chinks I have been hearing so much about?

they are still indebted to the imf for the 50 billion 2018 program, it was official since back then
cope fake libertarian NEGRO
all of those are fucking fake figures made with even worse makeup than the worst kirnerniggers ever did, milei fixed jack shit and blew up the opportunity of a lifetime by going full blown big gov+fx defender for some jewish reason

prices have been uncharacteristically static, but even then >2.5 is way too fucking much

Food is the only thing that has been more or less stable from april last year to march this year and to be fair it's reasonable since price is already above international level.

The problem is everyhing else, construction costs?2.7x 2023, cars 2.5x 2023, motorcycles 3.2x 2023, it's the same for industrial machining.

Of Course, on the bigger picture, 3 points of Inflation less is nothing, but both Milei's supporters and retractors knew that changing the economy in less than 4 years would be Insane

there's nothing right wing about milei, he has openly declared supporting fx intervention, created and expanded state agencies to further surveillance and speech controls, deployed police forces against the population, and even enacted laws to bring in bullshit agenda 2030 markets like carbon credits
he's even leftier than some of the most leftist argentinian governments, and loves globohomo so much he's directly supporting israel and ukraine despite being fucking argentina

Look at the magic lines! Just tighten your belt bro, just trust the jewish plan bro, just a little longer and things will get better.
Dont worry about jews buying up all the land for peanuts, its actually good for you.
Look at the jewish made up numbers and lines

nigger if your definition of right wing is american lolbertarianism which literally doesn't exist and will never exist you are a fucking retard and if you think libertarianism works anywhere let alone here you are BRAINDEAD.

OF COURSE THEY SUPPORT ISRAEL AND UKRAINE their entire existence is about serving the UNITED STATES OF AMERICA. This is the latin american right wing whether you like it or not and they HAVE ALWAYS USED AUTHORITARIANISM WHEN IT PROTECTS THEIR INTERESTS. It is their entire purpose.

Fixing the fucking exchange rate on an economy that operates on the fascists labor law system and gives >20% yearly wage increases to the big sectors of the economy?

The rate has been controlled under systems analogous to the peg since 2013, with the exception of 2016 and 2017.

wagies making 300 usd per month are now making 1400 without changing their producivity

wagies making 300USD are still making 300USD, that's fucking irrelevant to the exchange rate

?2.7x 2023, cars 2.5x 2023, motorcycles 3.2x 2023

literally not milei's fault, that's the hyper inflation of massa. ho do you that if he didn't stop it those prices would have been magically cheaper?

he even predicted both this and the june 4% plateau like 6 months ahead of it. something i find fucking insane desu. Still, i have no idea how he actually plans to end non-intertial inflation, "vaguely 2-3%" has been the basic inflation of Argentina since the kirchnerists meme'd up the economy to get CFK elected in 2011.

i often watch latin america vlogs
argentines themselves don't even have hope that their economy can improve
they consider their own currency as rubbish and the us dollar as treasure
but the funny thing is that argentina is not bad for foreigners to live in
what's bad about millei is that he cut off the pension benefits of the elderly who might starve to death tomorrow if they retired and didn't have a pension
argentina is a very unsual country that has all the conditions to be a first world country, but is poor
anyway, argentina is a beautiful destination

fx intervention is inherently left wing, specially if done to support a peg and not to "stabilize" markets
he's leftier than lula, petro, boric, amlo, on anything that actually matters

Poverty went down under Milei.

Everything else is also false, including the surplus of course, but you need to be fucking retarded to even entertain the idea of this being true. We have argentinians emigrating here by the tens of thousands every month, you can't fool us you retarded shill

there's nothing right wing about milei,

explicitly anti abortion, has reaffirmed his belief recently
went to do anti woke campaign speeches last month
pro isreal, people have gotten arbitrarily arrested for it, bulrich has celebrated persecuting muslim minorities and one congresswomen is currently facing unprecedented antisemitism judicial accusations over criticizing the palestine genocide... by literally citing international news sources on it

he claims to be a true freedom of speech absolutist "do whatever with your body (property)" ancap but so far he's been nothing but a conservacuck.

Pensioners here deserve to suffer, they were born in a country in a much better position than it is now, they consistently voted like retards for 60 years, they are now paying in life the price of their mistakes.
If they wanted to retire with a good pension they shouldn't have destroyed the country.

sad but true

According to the Numbers, it is 40%, 36% if you are optimistic, you can't expect for a country to undergo a full transformation in less than one year.

Retard, the average wage went from 300 USD to 1100 USD, you have an anti-Milei guy on this very thread complaining about it because the country is "overpriced" now or whatever. (That's what happens when you stabilize the economy).

And Spain is the only country with a large number of Argies because of the large amount of dual citizens, also Miami, otherwise we don't emigrate that much we have a positive migration rate (more people entering than leaving)

in addition, i understand that argentina and latin america in usual believe that it is reasonable for them to distance themselves from the us and be friendly with china and increase trade volume for historical and economic reasons
after all, cia has been oppressing latin america for the past hundred years
but as a citizen of the country closest to china geographically, i know the reality and quality of china and the chinese so well that i can bet you $50 that the expectations of argentina and latin america as whole will be completely shattered
have you ever seen the webms where thousands of chinese tourists are craving food without waiting in line like bugs at buffet restaurants in southeast asia?
i am sure that is probably how latin america will be with china

You are wise for a non-native Mr Korean i respect that.

we have food surplus without even trying
it's exactly the reason this area is a huge shithole
it destroys your will to do anything

Milei wanted to pivot away from China and into the US, actually. But now he's kinda in an awkward position with the whole tariff stuff.

Personally I'm of the idea that Latin America should get together and develop closer relations as a bloc, then negotiate with the world as a bloc, we have Mercosur which is like a proto-EU to do that, but it doesn't work when one country votes extreme-left, the other votes a libertarian, etc. It's hard to get along and agree, but we try.

In that respect Uruguay has the sanest politics because they vote all boring centrist guys.

i think i know what you mean
they may be punished for their mistakes because they failed to lead argentina in the right direction
but we will all be old someday
when we blame the old, we are ultimately blaming the future

Economics is a bible for financial circular reasoning invented by Israelites to convince retards of far reaching butterfly whirlwind-esque causes for their lack of prosperity.
If you can't see the obvious answer in something, no amount of finance goblin Sunday school is going to make you smarter than someone.

>Peronists left no reserves in the central bank

categorically and demonstrably false

but keep shilling for billionaires that will never reward your servitude

unless you're a paid shill, in which case you'll be replaced by LLMs in months time

either way lmaoing @ your life

Some people are just to smart for pol go back to /sci. Argie fans think they are white they did this to themselves

Google "Netanyahu's father's name" (Netanyahu's real name) = Mileikowski

Google this guy's real name = Mileikowski

Explain WTF is happening here

south korea has gone through a similar modern history as argentina, brazil, and other latin american countries
this country became wealthy and developed through an atypical and extremely compressed stage, but it is now falling off a cliff because it neglected political, social, and economic issues that were not resolved during the development process
just as nothing is taken for granted in this world, many south koreans have not been able to look back on the various internal problems that are regressing this country as much as they have been pursuing the economy
anyway, i really want to see argentina and latin america develop their economy and industry through a third method without choosing the us or china
you have enormous underground resources and a large population, so all you need is a capable, honest, and wise leader
wish you luck

Thank you fren.
I wish you the best too, to you and your nation.