He did it!
Bailouts Incoming Argentina
did what?
Argentina got approved for like a $20 billion dollar bailout by the IMF because of its strict austerity measures. Milei says they will be the fastest growing economy of the next 30 years. Iunno about that but we'll see.
Lol
he will be hanged along with his supporters, godspeed.
oh so they proved they aren't run by socialist niggers anymore and the IMF is gonna relieve some of their debt? Argentina has been winning a lot lately. did anything come from their plan to be the first tariff-free partner with USA?
firstly jews blockade argentinia after they lost their money and they played bad goyim
one of them overtakes the country and suddenly get billion
WOW ECONOMIC GENIUS
That last part was not in the news, but multiple sources from the last couple weeks suggest it is still his intentions.
That is rude.
Why don't you just join them anon jeez, obsessed. You don't even really believe in anything deep down anyway.
He is removing commie currency controls with the IMF money. It was one of the last hurdles left.
He lowered inflation, deregulated the economy, got a budget surplus running, the economy is growing but some large investments were sitting it out because of the currency controls the previous govt left behind.
Now if he just keeps lowering taxes and signing FTAs I would imagine things working out well for arg.
In January he had the 3rd highest approval rating in the world.
I may have overexagerrated but if he was anti israel and anti usa he never would have gotten the loans.
While doing everything else similar.
Thats just a fact you can deny.
It's to remove currency controls as the Central Bank was bankrupt. The treasury is in the black (budget surplus) but the Central Bank was left in a disastrous state with no foreign reserves. The loan is to replenish CB reserves because Argentina cannot wait for another year of beefing up reserves to remove currency controls it needs to do it now.
yeah....
Just bought more ARGT thanks
fake numbers just like inflation, which is going up again now
Bukele should be first btw
Inflation has been going down every month since he took office. March was the first reversal no shit since the currency will be loosened up some businesses were thinking ahead.
Literally zoom out.
Bailouts
Who's paying for this?
Argentina with interest.
IMF always gets paid back no country has ever defaulted on it.
Libertarians WON
communism lost, tranny
He's in debt to the IMF.
libertarian victory is when you put your country in debt to the world government
IMF
Good nite you stupid dumb nigger
Good job putting your country's head in the noise. You are deaf, dumb and stupid.
I hope he gets the rope
Hopefully this, x 6 million
Temporary measure. There's more to be much more economic growth in Argentina now.
They are the next Switzerland.
Screencap this.
Exactly
Ron Paul Anon Babbleros, we made it.
National socialism lost. You will never be a woman.
The state will never change your diaper.
wtf why do mexicans approve of that cartel-appeasing turbo kike commie femoid????
why not...
They're in the cartels
I actually don't think that's accurate to say, I'm sorry, I just wanted to say it. Perhaps considering family connections it does appeal to a surprisingly large bloc of people tho.
why are buketefags so annoying
commie victory is when your population is literally starving to death
Wasn't Argentina like very rich in the XXth century or something? How did they fuck it up?
Socialists took over
20 billion honestly does not sound like a lot
I live here in Argentina. The economy has been crashing for 10 years and no leftist outlet ever expressed a modicum of sympathy or reported it.
Milei lowered poverty from 53% when he took office to 38% now. The economy got stabilized and the average wage shot up from 300 USD to 1100 USD.
Imagine defending this Meanwhile in Venezuela they are literally starving to death for real, and no leftist gives a fuck. We have hundreds of thousands of refugees from Venezuela even our previous shit wages were an improvement to them.
I love how not only leftists but literally everyone including the mainstream media now ignores how absolute poverty stricken shit venezuela is
and they focus on argentina
Here for the inevitable (10th) default in 7 years.
Apparently they are getting other plans from other institutions as well, and their risk is elevated but this is frankly the most confidence anyone has had in their economy in decades and it really could grow a lot, but there is concern about the upcoming elections o algo
It's because they have the funny chainsaw harry potter movie hair man
What we will happen is their commodity export economy will be focused on acquiring dollars, when the commodity prices dip the debt will be harder to service, they will print more pesos to buy dollars and they will start rapidly inflating again.
Perhaps if the government is not spending a lot of money, it won't have to print tho.
Peronism which is like a weird local version of big government planned economy socialism.
Yeah, from what I've seen most discussions about Argentina are strawmen about people they like / don't like in their country nobody ever bothered to look up any real data on the country.
Some Euros hate Milei because they hate libertarians in their country, even if a libertarian makes sense here because we needed radical reform away from literal commies banning the purchase of foreign currency or doing price controls. Maybe such radical reform is not needed in a Euro economy (Euros should be the judge of that) but here we were collapsing, it's like emerging from the Berlin Wall falling. Every country is different. We tried centrists and they moved too slowly to make free market reforms and their efforts failed and the leftists returned. We needed something more radical.
Right -- they'll take it out of the public's ability to generate a surplus, who will be forced to turn to private bank credit because the trade surplus argentina typically generates will go to servicing foreign-currency-denominated debts.
Milei is running a budget surplus, he is like opposite Liz Truss. She lowered taxes first, before spending. Milei did the opposite, he lowered spending first (which was very harsh at first) now he is slowly starting to lower some taxes but taking care of the surplus.
Also they passed a law in Congress to stop the CB from loaning printed money to the treasury so even if he wanted to he couldn't do what his predecessors did because he already cut off that option.
lmao
Public surpluses are private deficits. Money's origin point is government spending. Government spends, then taxes. Okay? You need the money first before it can tax. It has to leave something left over, a deficit, so the private can generate savings (a surplus). Now you can also do this with a trade surplus, because then you're drawing down from the foreign sector -- but Argentina has foreign-currency-denominated debt, so they have prioritize a portion of that trade surplus to servicing foreign-currency-denominated debt.
Mileikowsky killed Argentina
Based
Indian
Jew
Jew
retarded MMT kike
If you have a different explanation for where money comes from and a different way for the sectors to balance, I'd be very interested in hearing it.
it's argentina, 20B is like 30% of their government budget
Some Euros hate Milei because they hate libertarians in their country, even if a libertarian makes sense here because we needed radical reform away from literal commies banning the purchase of foreign currency or doing price controls. Maybe such radical reform is not needed in a Euro economy (Euros should be the judge of that) but here we were collapsing, it's like emerging from the Berlin Wall falling. Every country is different. We tried centrists and they moved too slowly to make free market reforms and their efforts failed and the leftists returned. We needed something more radical.
100% this
I like what that one guy in poland is doing.
*saved
Milei should become a dictator and take total power.
Look up austrian school critiques of MMT
le IMF is so evil they just lock these developing nations into predatory jewish loans and soros and blahblahblah
OMG LE HECKIN IMF PUT ARGENTINA $20B IN DEBT OH MY HECKIN SCIENCE
retards
Money comes from the fact that people needed a unit of exchange, *wealth* which is what you should be focusing on, comes only from the private sector, the government does not create wealth, just taxes it away and gives it back in the form of public services (which are rarely efficient, even if sometimes necessary).
But a bloated government inevitably leads to lower wealth which is the point Argentina was at.
As for the whole "debt is denominated in foreign currency", that is the case in most countries around the world, outside of EU, Japan, and America, every country has debts in foreign currency and plenty of them have done very well out of it.
You seem to suggest the solution for Argentina is debt default, which is idiotic and it already failed, as long as they are running a budget surplus they can pay down the debt.
Anon Babble is a neolib board, there is nothing wrong with IMF debt as long as it is used to solve a country's problems (deregulate, implement austerity, balance budgets, correct imbalances) or specific liquidity crises, and not free money to prop up a failed economic model. The problem with the IMF is that it often has been the latter.
Money is a creature of the state. There's not much archeological evidence to support it.
the solution for Argentina is debt default
Where did I say that? The solution for Argentina is to diversify their economy so they aren't as impacted by commodity prices and to stop taking loans in foreign currencies.
I don't need to educate you about basic monetary theory, whether neoclassical or Keynesian or austrian. MMT fails prima facie because it does not account for inflation or hyperinflation. It has more plausibility in the US where due to world reserve currency status the traditional inflation formula doesn't track, but we're talking about Argentina where they've had hyperinflation precisely because they've ignored the most obvious lesson of monetary economics (as MMT does), which is not to print endless amounts of money in order to pay debt and stimulate the economy if you're not the USA.
Based Milei
Argentina will be one of the fastest growing nations in the next years
It's the exact opposite, nigga
The fact that the IMF is willing to lend money to Argentina again is extremely bullish
Remember, Argentina defaulted like 3 times in a decade. If the IMF is trusting them again, it means they have noticed some serious positive shift in their economy and policies
Money is a creature of the state. There's not much archeological evidence to support it.
Money is as old as trade, Mesoamericans would use cocoa beans as the unit of exchange. It sprung naturally from the need to have a unit of account and exchange, no government forced them to use cocoa beans. If you mean paper money, then yes, that is a creature of the state, but there's a reason Central Banks are independent of government (in most normal economies) so that politicians couldn't get their hands on the printing press.
The solution for Argentina is to diversify their economy so they aren't as impacted by commodity prices and to stop taking loans in foreign currencies.
And you do this through FTA deals to trade with many countries and a budget surplus, isn't that the goal?
MMT never tells you to print infinite money. MMT is not a policy prescription -- it's a description of how money actually works. Nothing about it requires reserve currency status. Look at Japan.
lolbertarianism needs socialist bailouts
shocking
He's bailing out debt that was acquired by socialists, tard
libertarianism is when you don’t engage in free trade
Milei is pro-free trade tho. He has unilaterally lowered some tariffs, proposed reciprocal 0% tariffs to Trump, and the Mercosur trade bloc is awaiting EU ratification for the South America-EU FTA, which the heads of state of Mercosur have already approved (Milei among them).