Javier Milei Elected President of Argentina

Cooper said:
english.elpais.com

The mystery of Argentina’s gold: Milei admits that it was transferred abroad, without specifying the quantities or destination

While the government acknowledges that gold reserves have been sent outside the country, there’s no official information available regarding the purpose of the operation. The gold is now exposed to the risk of being seized, due to long-standing claims against Argentina made by foreign creditors
english.elpais.com english.elpais.com

Not a good look.
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I read this article, and I noticed the entire Argentinian gold reserves, including whatever was transferred out of the country, and whatever remains there, are worth only $4.5 billion.

That's a lot of money to me, but it's really not a lot of money to a country like Argentina. Their GDP is $640 billion, so the gold is worth only 0.7% of their annual economic production.

The money supply of Argentina is about $59 billion, which seems like a lot of money in circulation. Again, $4.5 billion of gold is not going to be a big factor in stabilizing the money supply. They have a fiat currency just like everybody else, so gold doesn't matter to the money supply anyway. It all depends on how much they print.

I'm sure it would be better if Argentina keeps that gold, but I can't see it as some kind of pivotal issue upon which everything depends.
 
^It's probably a side deal with the banksters in London or Basel. The fact that it's a secret deal tells you that it's not being done with the best interest of that country, and that the banksters are running the show.
 
RedLagoon said:
Or that the gold is worth a lot more than that.
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I think people who hate Milei no matter what he does are latching onto this as an issue they can blow out of proportion. However, it seems like weak sauce to me.

I don't know if he really is a good guy or a bad guy, but if people that hate him keep bringing weak arguments, I have to wonder why. The complaints about the gold seem weak to me.
 
Thomas More said:
I think people who hate Milei no matter what he does are latching onto this as an issue they can blow out of proportion. However, it seems like weak sauce to me.

I don't know if he really is a good guy or a bad guy, but if people that hate him keep bringing weak arguments, I have to wonder why. The complaints about the gold seem weak to me.
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Well if there's no smoke you start a fire.
 
Thomas More said:
I think people who hate Milei no matter what he does are latching onto this as an issue they can blow out of proportion. However, it seems like weak sauce to me.

I don't know if he really is a good guy or a bad guy, but if people that hate him keep bringing weak arguments, I have to wonder why. The complaints about the gold seem weak to me.
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One word.

BRICS.

Some fun facts: the previous Argentine President Alberto Fernandez made his first Presidential foreign trip to Israel, had his little moment at the Wall, visited the Yad Vashem, was a self proclaimed Zionist, ran the Argentinian economy further into the ground, was a socialist, passed all sorts of wokist LGBT laws, had a crossdressing tatted up homo son, passed a groundbreaking abortion law, had massive corruption scandals focused on himself and his family..

And sought accession to BRICS..


Which Milei immediately undid..


Imagine if Milei did only 10 percent of what this Chud's been doing. Yet nothing about Fernandez, only a handful people have probably even heard of him.


You're a smart guy. You'll figure out why Milei is constantly targeted from a certain corner and Fernandez was not.

Screenshot_20250207_001942.jpgScreenshot_20250207_002858.jpg


images - 2025-02-07T002340.008.jpeg
 
LaAguilaNegra said:
One word.

BRICS.

Some fun facts: the previous Argentine President Alberto Fernandez made his first Presidential foreign trip to Israel, had his little moment at the Wall, visited the Yad Vashem, was a self proclaimed Zionist, ran the Argentinian economy further into the ground, was a socialist, passed all sorts of wokist LGBT laws, had a crossdressing tatted up homo son, passed a groundbreaking abortion law, had massive corruption scandals focused on himself and his family..

And sought accession to BRICS..


Which Milei immediately undid..


Imagine if Milei did only 10 percent of what this Chud's been doing. Yet nothing about Fernandez, only a handful people have probably even heard of him.


You're a smart guy. You'll figure out why Milei is constantly targeted from a certain corner and Fernandez was not.

View attachment 17685View attachment 17686


View attachment 17684
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I'm not sure what the point is here. As I recall Milei (who is Jewish) also visited Israel and did the wall thing as his first act as president. As for BRICS, I think Argentina would be better off if they had stuck with this. I think Milei made a mistake here.

However, all of this is in the normal realm of behavior for a national leader. Where Milei is different is in the way he slashed government spending. I can understand how bankers, media, and USAID under Biden all thought this was absolutely horrible. Personally, I think this is great, and I'm surprised that some people on this forum think this is horrible.

Since I am in favor of slashing government radically, I am very pleased to see that it seems to be helping in Argentina. I am still waiting to see how it plays out in the long run. They could easily screw things up because of internal flaws in Argentinian government and society. It could fail because external banks and governments sabotage it. It might even fail because my theories about slashing government spending are wrong, and it really is best to have the biggest, most bloated socialist government possible.

However, right now it looks to me like it's working pretty well, and I'm happy to see it.
 
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Thomas More said:
I'm not sure what the point is here. As I recall Milei (who is Jewish) also visited Israel and did the wall thing as his first act as president. As for BRICS, I think Argentina would be better off if they had stuck with this. I think Milei made a mistake here.

However, all of this is in the normal realm of behavior for a national leader. Where Milei is different is in the way he slashed government spending. I can understand how bankers, media, and USAID under Biden all thought this was absolutely horrible. Personally, I think this is great, and I'm surprised that some people on this forum think this is horrible.

Since I am in favor of slashing government radically, I am very pleased to see that it seems to be helping in Argentina. I am still waiting to see how it plays out in the long run. They could easily screw things up because of internal flaws in Argentinian government and society. It could fail because external banks and governments sabotage it. It might even fail because my theories about slashing government spending are wrong, and it really is best to have the biggest, most bloated socialist government possible.

However, right now it looks to me like it's working pretty well, and I'm happy to see it.
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The problem I have with Milei (apart from his judeophilia) is that he's focused solely on the macroeconomics, while ignoring the impact his policies have on the lives of ordinary citizens. Cue, the pensioner protests. If this continues, he just paves the way for the socialists return to power.
 
TruckDriver9 said:
The problem I have with Milei (apart from his judeophilia) is that he's focused solely on the macroeconomics, while ignoring the impact his policies have on the lives of ordinary citizens. Cue, the pensioner protests. If this continues, he just paves the way for the socialists return to power.
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Milton Friedman neoliberalism is a bit better than Peronism, but still bad policy, especially for a midsized, US$ indebted country like Argentina.
 
TruckDriver9 said:
The problem I have with Milei (apart from his judeophilia) is that he's focused solely on the macroeconomics, while ignoring the impact his policies have on the lives of ordinary citizens. Cue, the pensioner protests. If this continues, he just paves the way for the socialists return to power.
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I would say that when a government is spending money hand over fist to the point where they are suffering hyper inflation, they reach the point where "that which can't continue, won't".

In the process of printing so much money and passing it wildly about, they cause economic dislocations, with people becoming accustomed to receiving the excess government spending, and living on it (same as in the US right now).

When the unsustainable government spending suddenly stops, a lot of people inevitably find themselves suddenly penniless. This is unfortunate, but it is the fault of the people who were spending too much government money and caused them to become dependent on that money.

The answer is not to keep printing money and handing it out forever. That is impossible. Once you get to the point of hyperinflation and economic collapse, it's too late for mild reforms that gradually roll back the insanity while keeping the money flowing to everyone on the dole.

The only answer is to either rip the Band-Aid off and accept a lot of pain for a short time, or try to keep going until the collapse is catastrophic, at which point the spending also stops.

Milei has ripped the Band Aid off, with a period of pain, but the economy seems to already be correcting itself based on sound fundamentals. This is hard on the pensioners, but if Argentina just waited a little longer for a catastrophic collapse, it would have been even worse. There was no painless solution. There was no option for keeping the pensions fully funded.

I expect once the economy recovers, they will try to do something for the pensioners that are worst off.
 
Thomas More said:
I would say that when a government is spending money hand over fist to the point where they are suffering hyper inflation, they reach the point where "that which can't continue, won't".

In the process of printing so much money and passing it wildly about, they cause economic dislocations, with people becoming accustomed to receiving the excess government spending, and living on it (same as in the US right now).

When the unsustainable government spending suddenly stops, a lot of people inevitably find themselves suddenly penniless. This is unfortunate, but it is the fault of the people who were spending too much government money and caused them to become dependent on that money.

The answer is not to keep printing money and handing it out forever. That is impossible. Once you get to the point of hyperinflation and economic collapse, it's too late for mild reforms that gradually roll back the insanity while keeping the money flowing to everyone on the dole.

The only answer is to either rip the Band-Aid off and accept a lot of pain for a short time, or try to keep going until the collapse is catastrophic, at which point the spending also stops.

Milei has ripped the Band Aid off, with a period of pain, but the economy seems to already be correcting itself based on sound fundamentals. This is hard on the pensioners, but if Argentina just waited a little longer for a catastrophic collapse, it would have been even worse. There was no painless solution. There was no option for keeping the pensions fully funded.

I expect once the economy recovers, they will try to do something for the pensioners that are worst off.
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Foreign debt and its service is a much bigger problem for countries like Argentina, they are basically debt slaves in a globalist usury scheme.

Argentina's government debt as a percentage of its gross domestic product (GDP) was 85% in 2022. This was higher than the average for Latin America, which was 56% of GDP.
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This item is not completely unrelated to excessive government spending, as they end up resorting to foreign loans in order to finance their deficits/debts, but ultimately the power of compound interest and the fact that debt servicing takes money and resources away from the country makes it a far bigger problem for Argentina.

The solution here is to write off the debt and send the IMF/World Bank packing, China, Brazil and others would have easily stepped in and taken the slack. However Milei as a globalist tool will never do that, he will instead look good "owning the libs" by cutting a few millions in gender studies while transferring billions of the country's gold and stripping off other state assets in favor of his cousins in London and NY...
 
Thomas More said:
I'm not sure what the point is here. As I recall Milei (who is Jewish) also visited Israel and did the wall thing as his first act as president. As for BRICS, I think Argentina would be better off if they had stuck with this. I think Milei made a mistake here.

However, all of this is in the normal realm of behavior for a national leader. Where Milei is different is in the way he slashed government spending. I can understand how bankers, media, and USAID under Biden all thought this was absolutely horrible. Personally, I think this is great, and I'm surprised that some people on this forum think this is horrible.

Since I am in favor of slashing government radically, I am very pleased to see that it seems to be helping in Argentina. I am still waiting to see how it plays out in the long run. They could easily screw things up because of internal flaws in Argentinian government and society. It could fail because external banks and governments sabotage it. It might even fail because my theories about slashing government spending are wrong, and it really is best to have the biggest, most bloated socialist government possible.

However, right now it looks to me like it's working pretty well, and I'm happy to see it.
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What exactly don't you understand? It's very simple. Bad faith actors use certain emotionally charged subjects and narrarives to slander those deemed political opposition to the latest geopolitical and macro-economical construct of the day: BRICS.

In slightly different wording. You stated you couldn't comprehend Lil Coop's bias and continuous anklebiting on the Milei topic. I am giving you the lowdown. Milei exited BRICS and ever since the blockheads on foreign payroll have been spinning BS narrative after BS narrative after BS narrative against M.

You haven't even seen half of them in this thread. It's really bad out there.

Milei could re-enter BRICS tomorrow and the stream of turdworldist sludge emptied out on about every single social media platform would stop immediately.

Immediately.

You're seeing grand chessboard narrative building and Party allegiance of the turtlenecks way down the ladder taken to the max. Watch, observe, notice the patterns, and learn. Any criticism from that corner isn't about the JQ, cultural degeneracy or social and economic policies - those are just the smokescreens pulled up to gather enough ammo to shoot and keep shooting.

It's all about BRICS. Hence why you didn't hear a peep about Milei's predecessor Fernandez or his contender Sergio Massa. Two outspoken Zionists, funded by Jewish money, looking to further Wokeist thinking and policies, and Keynsian champagne socialists whose economic policies have brought/would have brought Argentina to the edge of the cliff. Yet on board with the BRICS buzz ergo not a target.
 
LaAguilaNegra said:
What exactly don't you understand? It's very simple. Bad faith actors use certain emotionally charged subjects and narrarives to slander those deemed political opposition to the latest geopolitical and macro-economical construct of the day: BRICS.

In slightly different wording. You stated you couldn't comprehend Lil Coop's bias and continuous anklebiting on the Milei topic. I am giving you the lowdown. Milei exited BRICS and ever since the blockheads on foreign payroll have been spinning BS narrative after BS narrative after BS narrative against M.

You haven't even seen half of them in this thread. It's really bad out there.

Milei could re-enter BRICS tomorrow and the stream of turdworldist sludge emptied out on about every single social media platform would stop immediately.

Immediately.

You're seeing grand chessboard narrative building and Party allegiance of the turtlenecks way down the ladder taken to the max. Watch, observe, notice the patterns, and learn. Any criticism from that corner isn't about the JQ, cultural degeneracy or social and economic policies - those are just the smokescreens pulled up to gather enough ammo to shoot and keep shooting.

It's all about BRICS. Hence why you didn't hear a peep about Milei's predecessor Fernandez or his contender Sergio Massa. Two outspoken Zionists, funded by Jewish money, looking to further Wokeist thinking and policies, and Keynsian champagne socialists whose economic policies have brought/would have brought Argentina to the edge of the cliff. Yet on board with the BRICS buzz ergo not a target.
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I sincerely doubt foreign actors are paying people to post on this forum. I doubt foreign actors even know this place exists, much less care. They will be on places like reddit, zero hedge, or brietbart. This place doesn't have the traffic to justify a payroll.

You need to stop accusing people (without proof) of being paid, or I'm going to start handing you more warnings. Getting pretty annoying and creates antagonistic discourse.
 
Let's say he is fairly ignorant as to how those things work - but this is 2025 still, it's not like this is new - do you think it was a pure setup to scam millions? Or that he was talked into it by "friends" who knew they would benefit? I think this is sorta what happened with Trump, but isn't Trump coin still sorta hanging on? lol (I see Trump went back to where it was originally, after going up 5x, then dumping ... at least it's not zero)
 
Blade Runner said:
Let's say he is fairly ignorant as to how those things work - but this is 2025 still, it's not like this is new - do you think it was a pure setup to scam millions? Or that he was talked into it by "friends" who knew they would benefit? I think this is sorta what happened with Trump, but isn't Trump coin still sorta hanging on? lol (I see Trump went back to where it was originally, after going up 5x, then dumping ... at least it's not zero)
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The worst part of this interview is that he actually confirmed the "freier" part of my post above, saying that those who lost their money should have known better...
 
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