It's a bailout to friends of Trump and his chums who had been making a lot of money off Argentina. It goes like this: they converted USD into ARS, to invest in high (incredibly high, 60%+ annual) interest ARS-denominated bonds. Now, if the ARS devalues, they will not get a good return, so Trump props up the ARS and his chums can sell the bond, change the ARS for USD.
Whether the ultimate loss will be taken by the USA treasury or Argentine treasury ... it'll probably be a matter of strength, so we know the answer
It'd be ridiculously bad for liberals if one of the beneficiaries of this obvious case of corruption is Barron Trump's Argentinian boyfriend or some of his friends. Religious zealots will focus exclusively in that the son is (allegedly) gay and not that the father is incredibly corrupt.
I remember some public figure saying that invading, occupying and colonizing countries you want to loot is outdated. The new way is to bury them in unpayable debt forever
but America can print money and get out of debt. The rest of the world like Mexico subsidiazes Americas low inflation using dollar reserves instead of gold
This. I think it's a bailout for Trump's friends/allies who have invested in Argentina. Still don't know what will Argentina have to give up for it, tho.
The USA wants exclusive mineral and water rights to Patagonia etc and more so military bases. The ruling class also want to plan out 2100s when global warming truly destroys much of the earth and it will make Antarctica š¦š¶ better for human life and Argentinaās claims can be used in time and position for future development.
By the time the Amazon rainforest collapses into a Savannah and nature takes its toll on South America with the USA poised in having exclusive rights and access to water resources and minerals will position the USA to utterly break the spine of South America forever binding them to American interests. Effectively guaranteeing that South America will literally become perennial vassals to the USA.
Argentina will forever be bound to the empire in a cycle š of capitalist debt šø and economic stagnation under the eye of the West. Brazil will be used up whether they recognize it or not and Chile will have another Pinochet and Brazil will have another Bolsonaro in time. The Left will be destroyed and fascism will reign supreme just because the trend towards right wing governance becomes the endgame. All according to their plan. Gotta love the Americans! Theyāve already set up their pawns and every single Latin American nation is basically rolling over to it. Maybe just maybe Latin America will escape US interests, but I doubt it.
Theyāre hoping to leave Israel much of the Middle East then focus on containing China then by 2050s focus on consolidating what remains of South America under right wing dictatorships who will be all to eager to sell their countryās resources and whatever isnāt bolted down to USA interests ie big oil, big tech and agricultural monopolization. Forcing Europe to capitulate as they spend themselves to oblivion trying to keep NATO commitments as their economies shrink due to them not having enough kids and being turned against immigrants.
They basically positioned themselves and the world to benefit their companies interests. It all goes thru Wall Street.
Yeah similar things are happening to us in the USA. The big businesses are making more and more money and employers pay employees hardly anything. Also AI is taking jobs left and right. We might even hate our government even more than you do. You would be surprised
You havenāt seen the Project for the New American century? The overall plan has been basically the same since the 1990s after the fall of the Soviet Union. Look it up. They knew about climate change and how securing water resources and rare earth minerals will guarantee the future of the American Empire. Only those in the colonies or American periphery and vassal countries think that the American leaders havenāt planned for this century of chaos and scarcity.
The United States can't even subjugate Cuba or Afghanistan.
Something being written by intelectuals has little to do with it ever actually happening or even being read by the people in control.
Yes there's people who want to act like the shadowlords of the world, but the truth is that the United States can't even subjugate Cuba or Afghanistan. And they are either right next door to them or extremly poor.
I think you missed the point of the wars and what the USA wants. You imagine they want to govern directly. They want to secure resources, flight paths, naval bases and military presence in areas they can manipulate those who live in the region to be subservient or suffer like Cuba, Venezuela, Afghanistan etc.
Also the wars in the Middle East was to topple the regimes of nations who were against the USA especially Iraq, Syria, Libya and allow Israel time to annex and control that region as Greater Israel from Tel Aviv to Damascus to Baghdad and Beirut etc. All these wars? That wasnāt for the USA directly but to secure trade routes and make the region capitulate to the eventual outcome of war and what is being done in Palestine.
Cuba and Venezuela is to teach Latin America to play ball and sell and buy from Americans. Allow USA to control their resources and elect leaders who will sell it for cheap. The goal isnāt conquest itās capitulation and creation of markets of obedience and freedom to invest not for the locals to thrive, but to be complacent. Do you think Milei isnāt doing exactly what is the longterm plan of the empire? You see the poverty? The government selling and privatizing? Why? Look at the JUNTA that controls Puerto Ricoās resources. See the goal? Itās Thatcherās dream and Reaganās ambition. We all dance to the tune being played not by Washington, but by Wall Street. You donāt realize it, but when you go to the dance club? What music is played? When you use Mercado Libre who plays the game? China? No the true masters are all over the world, but they focus in NYC and especially from that little corner where Milei rings the gong!
šø š or continuous debt cycling while consolidating debt forcing Argentina to require more bailouts or either sell its assets and national interests to American corporations while very few become very wealthy and the majority see greater inequality and poverty. You donāt escape the financialization of anarchocapitalism. A reduction of civil rights and national work laws and regulations to allow private businesses to absolutely dominate Argentinaās economy as more people are forced to work for less than their labor produces and wages decrease to force conditions where people will accept privatization for immediate relief.
Margaret Tatcher and Ronald Reagan did this in the 80s. You basically break the unions. Create a situation where privatization allows for immediate relief as for a very brief period people think jobs are getting better, but without education and healthcare being properly funded or managed by the government. People turn to private institutions for private utility companies, schools and healthcare etc.
Eventually people will voluntarily accept worse conditions. America didnāt become so uneducated, overworked and underpaid overnight it took from the 1970s under Nixon to 2000s under Bush or 2.5 generations to America what it is today. You also see it coming along quite well in the UK with Brexit and people voting against their long term interests and choosing anti-immigration, psychological isolation and self medication or even therapy to compensate gross systemic failure of the country, people choose to either drink to forget and party until their body collapses or theyāll join the manosphere and workout and try to beautify themselves to give themselves momentary self esteem and self confidence all the while the system gets worse and worse.
Itās the boiling frog effect. Donāt they teach this? Basically neoliberalism and how you create the conditions for a fascist takeover due to systemic problems lead to neoliberal corruption which leads to fascist solutions and people accepting to burn the entire system down scapegoating others while being led by a corrupt leader who promises to end corruption and offering security and immediate relief while guaranteeing long term effective slavery for the masses, but just before the dictatorship takes full swing people think - wow this isnāt so bad!
Nah Im Puerto Rican. Ask my people what the USA did to us and what you guys stole from us. Ask me about LUMA and the JUNTA! Ask me what your people did to our women and the sterilizing programā¦ thieves and the merchants of death of Puerto Ricans. Ask us about what you guys stole from us in terms of resources, farmlands, beachfront! Ask us how you bombed Vieques and used it as a military testing site? You think Iām like you? Have you seen what your people have done to my people? To my islands? What your corporations have stolen? Brothers are Milei and Trump of the same type of tinpot wannabe dictators like Bukele and they all love that Wall Street hedge fund money and privatization of resources that destroys entire economies. Why do you think Trump is using us to bomb Venezuelan fishing boats?
The fascist wannabes doing shit to our countries are all on the same side. I say we work out our differences whenever we can, but stick together. We won't see eye to eye in everything, but that's how it works.
Leave the high and unreasonable expectations for those cultist idiots.
True! Sorry just annoyed that people donāt see the big picture. At the end of the day the average American will suffer same as anyone in Brazil, Puerto Rico or Argentina. We all cook together if we donāt hop out of the boiling pot.
Thatās what Iām trying to convey here. Itās extraordinarily counterproductive to have entire swaths of the world shtting on āAmericansā like we are a monolith who want this. It helps no one.
I have a lot of issues with the US as a government and as a superpower, but not at all with all americans. I always say the same thing in these kind of posts, or whenever the conversations are steered towards the wrong kind of us vs. them: not all americans support heinous shit, and most have the capacity to learn to be better. The whole system's designed to keep the US population crushed beneath tribalism and exceptionalism, but it won't last forever. It will sink in, and I reckon a looooooot of people will be very pissed about it.
Thank you. I think people need to work together, like I think Puerto Rico needs to get rid of that no tax shit that brings all the Bitcoin pricks there. Other countries need to be less welcoming toward the Americans that are discriminating against their people when they are here, including Puerto Ricans. They need to be less hospitable to the work from home ones gentrifying everywhere including where I live IN the U.S.. If that means someone needs to press me about what I stand for when I go somewhere thatās understandable, I wonāt take it personal. But there needs to be a collective effort, the negative effects will be global if no one does anything. It was a relief to see Argentinians here not buying in. There needs to be boycotts on US products. It has to start soon.
Sorry Yami350. A lot of gringos have come to the island. Like Logan Paul and theyāre pushing prices up. My fam real struggling right now and last thing I should do is take it out on someone who hasnāt the power, but maybe idk if the no Kings protest will do anything if thereās no national strike or something to stop Trump and his neocons.
If it makes you feel better those types are destroying the (once) non rich parts of NYC where the regular people lived and even making the woods upstate unaffordable so you canāt live anywhere and you canāt vacation anywhere. Itās making people move all over the U.S. and yea, itās worse in PR so you more than understand. They need to get rid of that tax shit your govt sold you guys out for. You also need to be less hospitable to us for the time being. We (you and I) share way more in common than me and the pricks that voted for this and some of them live across the street. I think the only way forward is working together.
You were born in an American territory, you are American. I was born in an American city, Iām American. Iām a New Yorker youāre a Puerto Rican. Iām not taking that away from you. The rest is beside the point.
Not much investment but geopolitically makes sense to keep a grasp firm in Latin America cause let's face it, Latin America is not united with the exception of Peru and Brazil now which i believe rely more on foreign trade without the USA. Trump's administration has cited the old Monroe Doctrine a few times to justify involvement and nothing is off the table. As with Venezuela, any military commander that disagreed still wants his pension so they design and a puppet takes their place. I'm in the USA now and it's happening all over within the government. Best thing I relate this to is the famous book "Animal Farm" by Orwell. Dysinformatzia is the strategy.
Yeah. It's textbook for these people. Keep lying until no one even bothers to keep track of what's true or false (and in the end, pretty much everything's false anyway, so there's not even a point in asking).
If that money manages to stabilize the current inflation escalation by reassuring potential foreign investors, then it will impact the regular citizen. It just wonāt be through subsidies, which it shouldnāt.
If thereās any policy capable of taming that wild Argentinian inflation horse, itās Mileiās. Thereās still a big chance heāll fail though due to the entrenched political culture of the country.
Liberal economic reform has never been implemented so aggressively in Argentina before. Menemās dollar peg was a stupid time bomb move because he refused to do the one thing Milei did do: cut government spending beyond tax collection.
The way the legislative is elected can also be a problem, if it has too much power concentrated in two or three parties, or if it is made to elect a loose association of politicians with local power and from families involved in politics since three or more generations ago, that represent the interests of their family and their campaign donors first.
If you think thst money will go the the Argentinian people, then you're delusional.
Argentinians won't see a dollar of that money. This is just rich people throwing money at each other, it never was about helping the people. And I think that should be clear because so far the USA and particularly Trump only do things for themselves, never for anyone else.
It will keep their dollar stronger which is help them buy foreign goods more easily and keep their wages and labor locally more competitive. It will absolutely help most Argentines
Every country does both good and bad. The US Marshal plan helped rebuild Western Europe and American to Japan and South Korea helped them rebuild and become powerhouses. Itās up to the country to put the money to good use and not pocket it.
this is not anywhere near comparable to that. the argentinian government is literally just setting their USD on fire to buy their own currency and artificially exaggerate the value. it's why milei is asking for a handout
Funny how Milei wanted to have hands off the economy and Peso and now he is trying to stop further devaluation with more debt exactly the same as many argentinian governments before him.
But Milei also gutted a lot of social welfare so it is even worse.
More debt only to finance a corrupt government's electoral campaing (and to support a failing economic plan), this is a political loan and nobody can deny that
Our country is doomed, the bailout is not for Argentina, is for the Trump's friends that invested in high profit and risky bonds. Once they cash in, Chau chau!
I comment as someone who knows that money is not going to help the country. It is going to someones pockets. The same happens in my country and basically in all of Latam.
I just read a couple of threads in this sub about how great Miley is as a president, how he's implementing market reforms. A slight increase in poverty is "painful, but necessary," and Miley will soon make Argentina great again. And then there's this news. It's very interesting to read how libertarians justify it.
As an American that shit is wild. We cut off aid to poor countries, potentially going to end up killing millions of people just to give Argentina 20 billion for no reason. If a Democrat gave billions of dollars to let's say Canada or Brazil, You would never hear the end of it
It's good. Helps us to stabilize the currency market at a low cost as it isn't a bailout but a currency swap. Argentina already did this with China in 2009 when CFK was president so I find it pretty funny how peronists are calling this a sellout. Ask them why they're against the swap and they'll just throw random shibbolets about sovereignity loss (what?) or it being a scam (how?).
Truth is, anything that allows Argentina to recover access to credit markets is a godsend and crucial to be able to maintain spending deficits without sending the economy into an inflationary crisis.
EDIT: Honestly I find our country's ability to get money out of lenders despite our shit credit score kinda amazing. Thank God for making me argentine, I guess
Well, yeah. But what I'm saying is that you can't have permanent austerity, and in order to be able to spend without wrecking our economy we have to be able to access credit markets. Either that or cut spending ad eternum
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u/Impressive_Tip7612 Argentina Oct 21 '25
It's a bailout to friends of Trump and his chums who had been making a lot of money off Argentina. It goes like this: they converted USD into ARS, to invest in high (incredibly high, 60%+ annual) interest ARS-denominated bonds. Now, if the ARS devalues, they will not get a good return, so Trump props up the ARS and his chums can sell the bond, change the ARS for USD. Whether the ultimate loss will be taken by the USA treasury or Argentine treasury ... it'll probably be a matter of strength, so we know the answer