Javier Milei Elected President of Argentina
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Why Argentina May Be the Jewish Diaspora’s Next Frontier
Argentina’s election of Javier Milei in December 2023 has provided international Jewry with an intriguing opportunity. To say that Milei’s administration is pro-Zionist would be an understatement. Apart from his promises to make the Argentine economy attractive to international finance, Milei...
www.unz.com
The graph above is super misleading. The Peso losing value to the dollar is due to inflation. The graph above only shows the rate during Melei's time in office, but doesn't show before he was in office. The graph below gives a more honest picture of the situation. The rate of decline was very steep until late in 2023, and has been much flatter since then. Melei took office in late 2023.
Inflation is still relatively high, but it is way better than it was.
It might be more helpful to look at the opposite chart, Peso to USD, because in the chart above, the closer you get to zero and the flatter the curve will look, the decline starts looking like a mathematical asymptote, where even steep declines won't show.
Here is that curve:
This curve shows that over the last 6 months the ARG Peso has been losing value faster than at any period before 2024, when Milei came to power, since 2020.
It's not quite doubled 803 to 1475 since Dec 23 2023, which is 21 months. However it more than doubled from the start of 2023 to his inauguration, from about 350 to 800. It went up more in those 12 months as a percentage than it has in the past 21 months.
There are farmers in Australia who sold off generational farms for hundreds of millions of Aussie dollars and moved and started (bought) farms in Argentina. How would you guys see that working out?
The currency doesn’t matter at least in a direct sense when you are a farmer. Because you are selling international commodities priced in US dollars so if the peso weakens then the peso price of your product (beef, etc) will just adjust (rise) in pesos.
Of course if the country goes full retard then eventually even farmers will be strangled by higher taxes, more regulation, land confiscation, etc. I bet the farmers in Venezuela and Cuba are not doing too well.
^A friend of mine was a landowner in Venezuela who had a large family property with a dairy farm, they had problems operating it with thugs trying to steal their cows and whatnot, and ended up emigrating after the 2nd or 3rd kidnapping attempt by local bandits.
One of those attempts was pretty funny, he worked at his farm and would get dirty, had a nice car with a well-dressed driver. One day he was in a hurry to meet someone at the other side of town, so he drove himself in his farmer attire with his well-dressed chauffeur by his side. They got stopped by armed thugs, who looked at them, kidnapped the chauffeur and let my bigshot landowner friend drive off...
One of those attempts was pretty funny, he worked at his farm and would get dirty, had a nice car with a well-dressed driver. One day he was in a hurry to meet someone at the other side of town, so he drove himself in his farmer attire with his well-dressed chauffeur by his side. They got stopped by armed thugs, who looked at them, kidnapped the chauffeur and let my bigshot landowner friend drive off...
So the Argentine bailout wasn’t for Argentina as much as it was for a hedge fund friend of Scott Bessent.Rob Citrone a billionaire hedge fund guy who owns Discovery Capital, purchased Argentine debt and equity in numerous companies closely tied to the country’s overall economy.He made a bet that the economic policies would revitalize the economy. He was wrong and stood to lose his ass. This was nothing more than Crony Capitalism at the tax payers expense.
Isn't it funny how these billionaires see whole countries like the plebs like us see a real estate option?
None of this is going to end well.
They have proven themselves to only care about hot bikini boat girls and flying around ancient artefacts while pretending to be some kind of next Messiah.