Great. That always works out well. /s
Milei also talked about starting a dollarization process with the money provided by the IMF debt. However, the IMF itself has told the government, in private, that it does not want to endorse a dollarization of the Argentinian economy.
They’ll need like atleast $20-30b just to replace Pesos in circulation not to mention for import/exports.
of a credit pool totaling $15 billion to accelerate the process of elimination of exchange controls and currency competition.
Looks like they want the loan so the rich can finance their capital flight.
He also claimed that the country is “going through the hardest month” and warned that this situation will extend “to the first days of April.”
Yea just like Elon’s covid prediction
Rise up Argentinian proletariat!
RIP
Did he talk to any other countries about how their loans have worked out?
Or is this why he was running. Economic assassin style
By the time he’s done, any semblance of Argentinian sovereignty will be handed over to western financiers.
My dad feel down the crypto well and was very excited for this guy.
He’s certain that self driving cars and cryptocurrency will solve all the earth’s problems.
Previously he thought by capping lotteries at 1 million dollar payouts you could create a new class of millionaires that would solve all the earth’s problems.
I don’t think it would solve the world’s problems but I would totally be onboard capping lottery payouts to $1M.
I would rather see 500 people get a million dollars than one person get $500m in the Powerball.
Oh, no. Argentinians will own even less of their own country with this. Both financially and in public policy. Too bad.
