First the IMF now this… Milei in the middle of a massive dollar bailout
Discussion
Can someone inform me what happened in Argentina?
nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak has an epic post on this
"his economic plan is faltering" -- poster child of the far right and general #cointard darling didn't last long
Thank you for this 🙏🙏🙏🤝
I can’t take an article seriously about anything when they call Milei “far right” multiple times. Literally, I don’t even trust the numbers they are reporting at that point. Might as well be made up as far as I know .
So Argentina isn't in any actual financial trouble right now? The article made that up, and Trump's comments too?
I’m saying I don’t trust this source. A bad source can tell the truth, but you have to rely on good sources or you’ll never know when you’re being duped. As soon as there are clear signs of ignorance or lack of integrity, I’m out.
Any Argentinian Nostriches to follow?
a dollar intervention is so fiat style
"There is no money." -- President Milei
I guess they will be the first country with USDT as official currency!
Let's see
when every transactions costs at least $1???
The country $37t in debt gonna buy another countries debt. Dope.
The reason is that the Peronistas won the provincial elections, convincingly. Markets are not taking it well (currency, stocks etc.). Meanwhile Milei's team took the (imo) ill considered decision to create a slowly expanding "band" (think soft peg) around the ARSUSD exchange rate. And the ceiling of the band was hit in the above market panic. They started selling reserve USD to defend that ceiling.
I forgot to put "Buenos Aires" after "provincial" sorry.
Shocked 😮
How are the US tax payers feeling about this?
Bailing out some bs government thousands kilometers away.
"Protect the ponzi by all means possible. I repeat, by all means possible."