Well the one area that AI sometimes doesn't too well is nuanced discussions. Millei definitely has had some wins and was probably the best man to win the election given the other alternatives on the table. My issue is more with how he branded himself, what he promised to deliver and what he has actually delivered. Here are a few things that Ai probably missed but are worthy of consideration:
1. Since he took over about two years ago, money supply (M2) has exploded by about 114%
2. Between $40b - $80b worth of gvt debt is being rolled over with maturities that are less than a year, meaning less money for productive businesses but to servicing the interest payments. A huge reason why inflation is still running hot despite all the benefits AI pointed out above
3. His failure to close the central bank is the reason why the two problems above persist and will likely continue to persist
4. Argentina today, after the recent IMF bailout which Millei begged for, now has the highest outstand debt to the IMF in IMF history. Debt that everyone knows can never be repaid, esp when you consider that Argentina alone makes up 40% of the IMF's lending portfolio. Not to mention an additional $42B that was borrowed from intl lenders like the WB, under Millei
5. GDP growth is an easy metric to manipulate in the short term when you are printing like crazy, which is exactly what Millei is doing. That's to say nothing of how useless a metric GDP is for measuring economic growth objectively
I could go on, the point is that he isn't what I thought he was. Chainsaw theatrics and economic realities are two different worlds
Imagine these guys storing your biometric information. How safe would it be? Now imagine a digital ID being built by the same actors...that would be so cool right?
Well Millei sold us on thinking that he was the next Hayek who was going to "afuera" all the wasteful spending and use Austrian economics principles to restore the Argentine economy, seems like he is more of an MMT-er than an Austrian.
Absolutely true! It’s how neo colonialism works, using gun backed debt to enslave nations
Just like everything else these days
Isn’t this wonderful?! After serving faithfully at the FDA, he is now going to be *checks notes* “overseeing molecule discovery and infectious diseases” 😊
I don’t know but It’s very likely, because at the end of the day he was not only indebted to the IMF but the whole #btc thing was something they didn’t really want
You and me both! 👏🏻😁🔥
Gratitude that the precious scarce sats are leaving the wrong hands and bringing down the price simultaneously. Pure bliss 🙏🏻🙏🏻
“Blessed be the Lord, Who daily loadeth us with benefits, even the God of our salvation. Selah.”
Psalm 68:19
Good morning 😇🙏🏻☀️☕️ #gm
“For the Lord himself shall descend from heaven with a shout, with the voice of the archangel, and with the trump of God: and the dead in Christ shall rise first: then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord. Wherefore comfort one another with these words.”
1 Thessalonians 4:16-18
He did and while I think there are differences between ES & Argentina, I did write an article or two about ES’ capitulation
Indonesian Government Restores TikTok’s License After Platform Shares User Data
https://reclaimthenet.org/tiktok-resumes-indonesia-operations-after-data-disclosure
Protocols > platforms
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Absolutely! 💯🔥but even if you put that aside, he is still an IMF pawn despite the tough guy talk and that says it all
The problem is that he still claims to be an Austrian economist and quotes Rothbard, Hayek etc while still leaning on Keynesian logic. Sure inflation dipped, definitely will give him that, but I don’t think it dipped because of an economic boom
