U.S. support for Argentina could hit $40 billion
Posted by McAlpineFusiliers@reddit | anime_titties | View on Reddit | 155 comments
Posted by McAlpineFusiliers@reddit | anime_titties | View on Reddit | 155 comments
The__Hivemind_@reddit
Me normally: :)
Me when the super wow wholesome anarcho capitalist, needs the state to bail him out or his pathetic kleptocracy will collapse: :)
Get it? Its exactly the same.
snowflake37wao@reddit
Story of my life - #:):
Chroma_primus@reddit
But all the economist toll me that neo liberal policies are the best for the ecomony and have no downsides Milei must not be be a real neo liberal.
MahlzeitTranquilo@reddit
bro did you not see the line go slightly upward on a graph? who cares thats that almost everyone there is doing worse, he saved that graph
moderngamer327@reddit
Poverty is down though
Beliriel@reddit
That's what I don't get. Like all these people criticising Milei but not a single proposal for what he could have done better.
When you ask them how they'd fix the fuckup of the previous government it gets awfully quiet.
You can try it in this thread. No one will give you an answer.
pampazul@reddit
He could have done what everyone, and i mean everyone, even the IMF, was saying his government should do, accumulate foreign exchange reserves. But Milei prefered to instead burn through billions of dollars to maintain the exchange rate of peso-usd low, in order to keep his electoral base of middle and upper class argentines happy and be competitive in the upcoming midterm elections. This populistic shortsightedness did work in a way, it helped contain inflation and allowed people to buy dollars, but it's unsustainable, this is the second bailout we've had in six months after the IMF in April. Not to mention the artificially overvalued peso makes us uncompetitive and hurts our exports, not that this administration gives a shit about our domestic industry and the thousands of layoffs that took place over the last months.
But the economy is still in the gutter, we are in recession, wages are stagnant and the cost of living is high, most people feel this and are unhappy and pessimistic about the future. Foreigners look solely at the poverty and inflation index and asume he's doing a good job, but the guy is -20 in opinion polls for a reason. I know Milei isn't solely responsible for this, but for many of us he offers nothing, all we see is an economy without any signs of improvement, an increasing amount of corruption scandals and wholesome policies like gutting the budget for pensions, public universites, disability benefits and pediatric hospitals.
Beliriel@reddit
You don't save a country by simply switching currencies. Also with what money should he be even able to accumulate these reserves?
Every single solution proposal I heard boiled down to just "spend or borrow more money". It's so idiotic and fundamentally misunderstands that that's simply impossible for Argentina now.
pampazul@reddit
With the budget surplus that the government claims to have thanks to austerity? This isn't some kooky socialist idea, the fucking IMF says the government can and should accumulate reserves, to among other things, pay the increasing amounts of debt we are incurring.
We borrowed 12 billion from the IMF six months ago, now it's seems we'll borrow another 40 from the us treasury. Borrowing money we can't pay back seems to be the only strategy of this administration.
Chroma_primus@reddit
Thank god for a tiny moment i though money the economy would serve the people.
moderngamer327@reddit
It has. Inflation is down drastically and poverty rates have declined
Thangoman@reddit
Poverty rates declined because poverty doesnt include rent nor most services because it uses a methodology from the mid 2000s
moderngamer327@reddit
Rent is down right now not up. Also do you have a source on rent not being included in inflation metrics? That’s typically one of the biggest factors
Thangoman@reddit
Thats a fucking lie based on manipulated data. For the vast majority of properties rent is up
Back in the mid 2000s most people owned a house so rent wasnt very much seem as importamt
moderngamer327@reddit
Do you have a source?
Thangoman@reddit
Not a good source in English
https://nearshoreamericas.com/rental-prices-in-buenos-aires-surge-by-up-to-96-amid-market-uncertainty/
Best I found for you
moderngamer327@reddit
Isn’t that from very early in his administration when inflation was still rapidly increasing?
Thangoman@reddit
His administration is still in its early stages, this was only 9 months ago
And inflation is starting to ramp up again
moderngamer327@reddit
It went up a couple percent after months of it declining. I would not call that ramping up. You sure love to cherry pick
Thangoman@reddit
You sure seem to love to speak about situations you dont understand shit about
Increasing 50% over 4 months is a "ramp up", even if nothing massive
moderngamer327@reddit
Where on earth are you getting your data? It has decreased every month except last month and it was an increase of 2.1%
June to September saw a decrease from 39.4% to 31.8%. That’s a 19% decrease in inflation
Thangoman@reddit
It went from 1,4 to 2.1 monthly price increase in the last four months according to Milei´s own government
Again, stop claiming stuff about countries you dont know shit about just because you are a libertarian or something
moderngamer327@reddit
No it did not. Please provide a source for these claims
https://tradingeconomics.com/argentina/inflation-cpi
Thangoman@reddit
Can you stop being so confidently ignorant?
https://www.lanacion.com.ar/economia/inflacion-en-la-argentina-de-cuanto-fue-el-indice-de-precios-de-septiembre-2025-nid14102025/
moderngamer327@reddit
I see your confusion. What they are comparing is the percent change in the raw CPI value not the actual inflation value from CPI.
As you can see the actual inflation value from CPI is still declining https://m.investing.com/economic-calendar/argentinian-cpi-1152
jungle@reddit
You're using inter-annual inflation figures. He (as everyone in Argentina) is using monthly inflation figures. September inflation has increased compared to August inflation. That's prices in September 2025 compared to prices in August 2025, not compared to prices in September 2024.
Thangoman@reddit
And either way we were talking about rent
moderngamer327@reddit
Rent is included in inflation
Thangoman@reddit
Its both separate to inflation and gets a much lower weight in inflation measurements than what it should have
The own inflation measurement people in givernment recognize that
moderngamer327@reddit
That’s true it does need updated
MahlzeitTranquilo@reddit
what are you some kind of radical extremist
JLZ13@reddit
Argentina is not even near a free economy, Milei with little to none power only managed to have a surplus budget and stop printing money.
There is control of capitals, rigid exchange rated, limited access to dollars, import and export tariff... And all taxes cut at national level were reintroduced by governors.
Chroma_primus@reddit
Honestly i'm not an economist from what i heard Milei slahed regulations and taxes and advocates for neo liberal economic policies.
One of the results Was a squezz of the middle class and that is one of the reasons He lost so much public Support.
JLZ13@reddit
The only power he holds is executive order and administration of the budget.
He managed to ease taxes and bureaucracy at national level. But he merely touched the tip of the Iceberg.
Inflation is a tenth of what he received and poverty is as low as 2018.
Purchasing power in dollars blew up and Argentina are traveling like never before. In part because Argentina is too expensive due to taxes.
I would love to compare with you how much more expensive things are in Argentina.
As an example. A VW golf 2016 with more than 130.000 km is being sold for 20.000 USD in Argentina.
What would be the price for a similar car?
Hugsy13@reddit
How is the price of a banana or a loaf of bread? Weekly rents?
JLZ13@reddit
Bananas 3 to 4 dollars per kilo.
Rent 350 to 1000 USD for a 2 bedroom, 43 to 65m2 in Córdoba depending on the location.
Remember that the average salary for registered workers is 1300usd. Unregistered workers earn almost half.
One fun way to compare is the Bigmac index.
https://worldpopulationreview.com/country-rankings/big-mac-index-by-country
Hugsy13@reddit
Is that 1300USD a month?
JLZ13@reddit
Yes. Average salary, not minimum wage... Which is 300usd monthly.
Hugsy13@reddit
So Argentinas average wage is 300usd monthly? Or 1300usd month? Sorry I think you messed up your numbers or weeks and months at sometime in the comment chain…
JLZ13@reddit
We don't think in weeks always in months.
300usd is the law.
1300usd is an average of registered workers
ScoutTheAwper@reddit
Baker here, 1k of bread is around 2 usd. Some places has been even lower. It has been around that price since forever, hasn't gone with Milei.
Jacinto2702@reddit
Surplus as an objective is pointless. States shouldn't be run like enterprises because their goal isn't to make profits but to provide services to the population. Reducing the capacity of people to buy stuff by reducing social welfare hurts the economy in the long run because you need buyers to keep money circulating.
Milei is just trying to squeeze as much as he can from Argentinians. Just look at his sister's corruption.
JLZ13@reddit
Surplus doesn't mean money is gone.
That's literally money to be spent in the country or pay debt.
Social welfare is working better than before. Social organisations used to receive money and they decided who received it or not. They used to threaten people, with less money spent poverty is lower than during the previous progressive government.
Fyi, Argentina don't have the problem of too much debt, but of a too high interest rate.
The surplus budget is a signal to creditors that Argentina has the capacity to pay debts in order to get cheaper debt to rollover high interest debt.
Paradoxjjw@reddit
Thats not a fucking surplus.
JLZ13@reddit
You are missing the point.
Surplus is money not allocated yet... What I'm trying to say is that money won't disappear.
Thangoman@reddit
Lmao little to no power get fucking serious
Milei managed to get extraordinary powers, huge privatizations and an illegal debt with Congress support
And Milei has no measures nor ideas vto actually make the economy bounce back
JLZ13@reddit
That literally doesn't exist. Bounce back? Do you really believe one person can manage that?
Thangoman@reddit
Yeah a good plan can make the economy bounce back
JLZ13@reddit
What's a good plan? Why is it not implemented everywhere?
Thangoman@reddit
Thats such an stupid question to ask
A good plan anseers to the specific needs of a country. Milei is failing to do that whike overfocusing in a few superficial aspects
JLZ13@reddit
Maybe it is a stupid question.... Yet you are not answering... What are the needs?
Thangoman@reddit
Why would I answer "why dont all countries follow x to fix their economy?"? Its a genuinely ridiculous question to make when countries can be so diferent and have such diferent circunstances that they need to deal with or take advantage of
We need to have competitive prices, we need prices regulation because prices have never been stable beyond the time bomb that was the Cavallo scheme, measures that warrant more well paying jobs, keep developing sciences, health and education, we need to produce industrial goods to avoid falling into a trade deficit in the future and we need to deal with tax avoidance and market manipulation by the landowners.
JLZ13@reddit
I cannot disagree with your proposal. But you have to realise that's a wishlist.
Why has nobody thought about it? What's the biggest problem stopping this? Because I'm sure we agree on the results we want for the country.... But disagree with the cause of the problem
Thangoman@reddit
The thing is Milei isnt even adressing a single one of the issues I mentioned, and many issues he wants to make them worse
JLZ13@reddit
Because at least in my view he is addressing the origin of all problems.
Deficit. But having surplus a couple of years won't solve decades of problems.
I'm sure this is the key difference between us
Thangoman@reddit
Hes lowering the deficit by taking recisive measures
Thats not a fix. If your economy keeps shrinking your vudget will need to be reduced again and again
And meanwhile he goes out there to promise lower taxes for the rich while he increased taxes and services for the middle and lower class and calls tax evaders "heroes"
Hes a complete lunatic and Im ashamed that so many people believe that hes this kind of technocratic genius, it really speaks badly of our nation
JLZ13@reddit
You need to realise that the economy doesn't work thanks to the government.... On the contrary, it works despite it.
You may have 0 budget, and the economy will exist.... But not the other way around.
The government doesn't produce anything, it slow the economy with taxes and regulations.
Thangoman@reddit
Thats a myth. Get this myth out of your brain. Look at any country's history and point me a period of economic development that didnt need a lot of conditions enforced by state spending.
Our state isnt even that big, its merely that our budget is tiny because tax evasion is insane.
JLZ13@reddit
Myth?
State spending? Where have you been living for the last 25 years? Deficit was literally state spending... Didn't that cause any issues in your opinion?
My brother, you have provinces with more public workers than private ones... Without mentioning unregulated workers.
Thangoman@reddit
Okay, you just reached the most shitty, nonsensical and overused argument you could use. Prior to thd Pandemic theres no argument that cam be made to say that state Made the situation worse than prior to 2002
??? Im talking about the BUDGET, not the ammount of people it hires. You may say that theres too many state workers, and you may be right, but in that case MILEI IS DOING ANYTHING TO FIX THAT AND ITS DESTRPYING ALL THE MOST IMPORTANT PARTS PF THE STATE.
JLZ13@reddit
Up to this point is shared with you my observation... The amount of workers, budget impact on the economy, deficit, etc... All are things we should agree with just by observation.
But to argue with you now I will give my opinion. I think the national government should be destroyed... Of course I'm exaggerating, but I barely want it to exist.
Argentina is a federal state. Provinces must have more power and be more independent and responsible for the actions... Being rescued by the national level is the least federal thing to do.
They should also have a surplus, or default as La Rioja did. The problem is the government... Let them fail so they learn the lesson.
Paltamachine@reddit
The very idea of a budget surplus as something desirable is what will destroy Argentina.
JLZ13@reddit
Why? Money printing and debt is because of deficit.
No deficit, no money printing or debt.
For example, do you know how much interest Chilean must pay for debt in dollars?
Argentina, as a country and companies pay about 12% above the FED rate. That means Al investment in the country must have a return above the 20% to be profitable.
Only extracting resources may have that investment return. All other investments make no sense.
Paltamachine@reddit
- What do Tuvalu, Norway, Qatar, Macau, and Cyprus have in common?.. Which aspects of these countries' situations are applicable to Argentina?.. Why are the vast majority of advanced economies not in this group that balance their budget?
Argentina needs investment to get its real economy going. That investment can come from two sources: the state or other sources..
If you destroy the real economy with austerity measures, you will lower inflation by reducing consumption. By reducing consumption, you destroy private companies, which cannot export and do not earn dollars. Now you have to give away your country's resources in exchange for promoting employment and asking for loans from abroad. The result is that the economy cannot cover the loans.
But hey, at least you balanced the budget.
Sacrifices must be made, of course... but that sacrifice is: that the state allocates money to productive spending,
- Chile does not need to ask for dollars.. And if Chile were in very bad economic shape, it wouldn't need to ask for dollars either.
Because it is much easier to let inflation rise and, through government spending, create full employment and invest in industry... than to live off foreign currency debt... At this point, the only thing Argentina can do is default.
Foreign currency debt is poison.
JLZ13@reddit
I don't want to be offensive, but your comment is too naive.
And Chile does ask for dollars.
https://www.bcentral.cl/en/web/banco-central/areas/statistics/external-sector/external-debt
Paltamachine@reddit
The dominant economic doctrine in Chile and its variant in Argentina are dogma. What you call innocence is your own inability to recognize that there is a world beyond handing everything over to financial speculation.
In the case of my country, it does not need to use the IMF's credit line, and most of the foreign debt is private. But that does not mean it is a good idea either.
Chile is not a model to follow. Its economic model will face major problems when we can no longer rely on the most basic forms of copper extraction.
JLZ13@reddit
I really don't know what are you trying to say...
Just adopt Norway style? Don't ask for debt?
That's the opposite of what I'm trying to say. Speculation is only possible when there is uncertainty.
Country risk is the measurement for uncertainty. That's what holding Argentina back.
onespiker@reddit
In Argantinas case it’s pretty much a necessity. Since they can’t get more loans.
Paltamachine@reddit
I'm not saying that reducing spending is a bad idea, but the resources you free up should go to productive activities, and they are going to take on more debt. In the hope that the private sector will prepare the basic conditions that allow more private sector companies to come in.
But without those preconditions (which in all successful cases have been created by the State), there is no private investment. Only more debt and financial speculation.
AllDogsGoToDevin@reddit
Argentina did have strict capital controls, multiple exchange rates, and heavy tariffs before Milei, but that’s shifting. His government cut spending, ended money printing, achieved a primary surplus, and has started dismantling many of those controls in 2025, moving toward a freer market. Saying he only managed a surplus and nothing else overlooks the scope of those reforms. As for taxes, provinces do have autonomy, but it’s not accurate to say all national cuts were simply reimposed.
JLZ13@reddit
You are partially right.
But, there are still multiple exchanges rate, Dólar liquidación, Dólar MEP, Dólar Crypto, Dólar Tarjeta, Dólar Soja .... But we used to have about 40 types of dollars.
Capital control is still imposed since foreign companies cannot send revenue to their home countries. This makes any investments more difficult
Stopping printing money just was possible a few months ago. There were too many bonds to be paid with insane rates, above 150%
Even his surplus is being challenged by Congress, this is what triggered this crisis.
Of course, I simplified, but the point holds.
AllDogsGoToDevin@reddit
Fair points.
You’re right that Argentina still has multiple dollar rates and some capital controls, though far fewer than before (down from ~40). Milei’s team has been phasing them out, moving toward a banded float, but it’s definitely a transition. Same with money printing. Stopping it was only possible after painful debt restructuring. And yes, the surplus isn’t guaranteed, given Congress and the provinces.
I just think it’s worth noting the direction of reform: Argentina is still far from a ‘free economy,’ but it’s also not stuck in exactly the same place it was.
sakezaf123@reddit
Those theories are quite unpopular among economists today. In fact they were never that popular to begin with. It's just that it's in the mega-rich's best interest that it's the voices that want to give them more money are amplified, and they have a massively outsized level of influence, even though they represent a very small portion of the population.
BendicantMias@reddit
Most economists are Keynesians. It's just that the Milton Friedman / Friedrich Hayek fan club are very loud and obnoxious. And even louder are the Ayn Rand and Murray Rothbard fanbois. So it makes it seem like they're the voice of economists, when they most definitely aren't.
sakezaf123@reddit
Yeah, but they are loud" because they get a shitton of funding from "institutes" and "think-tanks" set up by billionaires.
Chroma_primus@reddit
Hitthe nail on the head.
ShootmansNC@reddit
Just like in the ancap bibble!
party_core_@reddit
"“Man cannot survive except by gaining ~~knowledge~~ a cool 40 billion clams, and ~~reason~~ an extralegal "it's cool bro" wire transfer is his only means to gain it.
JuanchiB@reddit
Why do leftist pretend everything in Argentina was perfect until the day Milei got elected? I know they are disingenuous by nature but not to this level.
The__Hivemind_@reddit
When did I say that?
moderngamer327@reddit
If it needs a bailout currently it was going to need one without his policies as well
The__Hivemind_@reddit
How strange. All his dick riders were saying that ruining lives were necessary to fix the economy. Turns out he didn't fix the economy? So if they were gonna get a bailout anyway why ruin peoples lives?
moderngamer327@reddit
Because one option is worse than the other. Inflation was spiraling out of control. Even if a bailout is necessary in both cases that doesn’t mean the amount needed is the same
The__Hivemind_@reddit
Following the publication of the new data, some experts warned that methodological limitations could be responsible for some of the improved numbers.
Sociologist Daniel Schteingart, from the Fundar research centre, said that the decline in poverty should be interpreted with caution, stating it is based on a survey in which people declare their income in an unreliable manner and because it measures the previous month's income in comparison with the current month's food basket.
‘When you have high monthly inflation, as was the case in 2023 and early 2024, that one-month gap between income and the basket adds many poor people. When you have low monthly inflation like now, that effect practically disappears,’ he explained. "It's not that INDEC is lying," he continued. "It's that the methodology itself has potential weaknesses that came together in the last year."
The Catholic University of Argentina (UCA), argued in a statement that the decline in poverty had been "overrepresented" since it is still based on baskets constructed using consumption patterns from a decade ago.
For example, last year the government eliminated subsidies for utilities such as water, gas and electricity, causing an astronomical increase in prices that is not reflected in inflation or poverty figures, it stressed.
Furthermore: https://www.batimes.com.ar/news/argentina/critics-accuse-milei-of-compromising-sovereignty-with-trump.phtml
moderngamer327@reddit
At worst though that just means that poverty is at similar levels to before. It also wouldn’t explain how poverty was increasing. If it was just an offset due to pricing delays it should have been at a steady state. So the fact it’s not going up is a sign of improvement
The__Hivemind_@reddit
"At worst though that just means that poverty is at similar levels to before". How come?
"So the fact it’s not going up is a sign of improvement". It is not. Poverty isn't the only thing that the populace needs. Huge cuts in public and welfare funds hurt those less fortunate way more than a ligth decrease in income
moderngamer327@reddit
Because if poverty rate is now at similar levels to what it was before a rapid increase in inflation then it means that at worse the offset was just inflating the numbers and now that there isn’t an offset it’s returned to its original value
Is welfare not at all included in whether someone is in poverty or not?
The__Hivemind_@reddit
"Is welfare not at all included in whether someone is in poverty or not?". No, poverty depends on your income.
"Because if poverty rate is now at similar levels to what it was before a rapid increase in inflation then it means that at worse the offset was just inflating the numbers and now that there isn’t an offset it’s returned to its original value". Just like I said above, the data is inconclusive and what who have said is not backed by proof
moderngamer327@reddit
So welfare income is not included as income there?
But my point is that the data doesn’t need to be conclusive for my point. I’m assuming the data at its worst that the decrease in poverty is entirely due to the offset of inflation. So at worst poverty is the same as before while possibly being better
The__Hivemind_@reddit
Welfare isn't only handouts, wake up.
"I’m assuming the data at its worst that the decrease in poverty is entirely due to the offset of inflation". That is not what is said in what I sent
moderngamer327@reddit
Correct it’s not only handouts but welfare is primarily given in money to help support people financially
You said that the data of increasing poverty rate could be due to offset in the measure of inflation and wages, and that the lower poverty rates are simply due to the offset shrinking due to lower inflation. So my point is that assuming that is 100% correct that would mean poverty is no worse now than before and if it’s wrong then it’s better than it was before
The__Hivemind_@reddit
"welfare is primarily given in money to help support people financially". Welfare is primarily funding to healthcare, education and other social programs.
That... Is not what I said.
"For example, last year the government eliminated subsidies for utilities such as water, gas and electricity, causing an astronomical increase in prices that is not reflected in inflation or poverty figures, it stressed". For one. Also, the study method was unscientific as shit
moderngamer327@reddit
Thats not welfare
Except an increase in prices to those would reflect in inflation rates. There is no reason why they wouldn’t
The__Hivemind_@reddit
"Except an increase in prices to those would reflect in inflation rates". How do you know that they havent? inflation: "a general increase in prices and fall in the purchasing value of money."
moderngamer327@reddit
You’re the one trying to claim that they haven’t
TheBoizAreBackInTown@reddit
Libertarians started calling themselves "anarcho-capitalists" because everybody was bullying them for their shit economic ideas which backfired time and time again... love it.
moderngamer327@reddit
Ararcho-Capitalists are a subset of libertarians
handsoapdispenser@reddit
Note the next $20B is private funds that, for some reason, are being organized by Treasury. This seems to be a perpetuation of state capitalism (aka oligarchy, aka plutocracy, aka fascism) whereby a cabal of wealthy Americans gain a sphere of influence in another country.
Jaxraged@reddit
Millei is the American right and the American rich's wet dream. They cant allow him to publicly fail
mrgoobster@reddit
My deep skepticism about US foreign policy says that Trump wants permanent bases in Argentina.
ScoutTheAwper@reddit
Milei already agreed to an US naval base deep south in Argentina last year, as soon as he came into power.
Jacinto2702@reddit
First he puts tariffs on the penguins, and now he wants to put military bases to keep them in check.
The__Hivemind_@reddit
State capitalism is completely different than oligarchy, plutocracy or fascism and has nothing to do with the situation at hand.
State capitalism is a system in which state owned enterprises participate in domestic or foreign markets and function within market mechanics in a profit motive. As far as I know (unless you know something different?) no state owned enterprises or market mechanics are involved in this transaction.
Balavadan@reddit
State capitalism is one of the defining traits of a fascist government I thought?
The__Hivemind_@reddit
It is not. The word you are looking for is corporatism. Some limited state capitalism happens in pretty much every country. The BBC, is an example of State capitalism
handsoapdispenser@reddit
Yes all the terms I used have different definitions so "aka" was misleading. My point is they are all happening hand in hand.
The__Hivemind_@reddit
"Yes all the terms I used have different definitions and not all are applicable to this event so "aka" was misleading". Fair enough.
"My point is they are all happening hand in hand". Also fair enough.
qwertyalguien@reddit
Me, a Chilean, knowing the far right will use this during their election campaign to promote sucking US dick by destroying our economy so we get pocket change: :(
fifthflag@reddit
True capitalism has never been tried, this time it will work.
The__Hivemind_@reddit
Totally
LastXmasIGaveYouHSV@reddit
That's fun. But hey, let's shutdown the government because we cannot agree on basic health rights for our citizens.
By the way, that's the last time you'll see that money. Cheerio !
Terrible_Chair_6371@reddit
This is an astonishing amount of money for a monetary experiment that everyone knew would fail. You cannot simply privatize all the government services that could generate revenue, cut government jobs that keep the country running, and accept foreign pay packages without it backfiring. This guy sped up Margaret Thatcher's plan for the UK, and look at the UK now. Outside of London, the entire country is a third-world country.
Knees_arent_real@reddit
Margaret Thatcher did phenomenal damage to the UK, but your notion of it's current economic situation is the dumbest thing I've heard for a while!
moderngamer327@reddit
It’s still failing less than what they were doing before
Terrible_Chair_6371@reddit
The only reason inflation in Argentina is down is because when you cut 60 percent of the government and poverty climbs to 54 percent DEMAND has to STOP. Inflation is just a general increase in the price of goods and services over time.
That's not me endorsing the Peronist economic strategy btw. That's me just pointing out the flaws in Milei's idea. If current trends continue in the US you will see something like that here, that's why people are scared of the AI job market collapse. We're seeing this in the US in a very slow manner, what Milei did was step on the gas b/c he has backers in fortress America that can personally bail him out, he doesn't care about the country, he cares about getting rich. His sister and him have millions in a rug pull he did. It's a grift.
That isn't to say btw the government is 100% efficient all the time, of course not, BUT like DOGE people said " One software developer who worked for DOGE at the Department of Veterans Affairs earlier this year told NPR he was surprised "at how efficient the government was." https://www.npr.org/2025/06/16/nx-s1-5431926/doge-future-elon-musk
People who don't believe that government can't be efficient don't understand economies of scale or economic planning, look at Amazon. And if you see how Amazon can do it and then see how the US Postal service can also be as efficient, you start to think, why do this for PROFIT only, why not have this system for the public good?
moderngamer327@reddit
Your poverty statistics are outdated. It’s lower now than when he took office.
Also inflation won’t go done because people aren’t spending as much. It would only go down if prices aren’t increasing as much
Terrible_Chair_6371@reddit
https://www.bbc.com/news/articles/ceqn751x19no inflation prior to milei was roughly 41 percent. Jump to 52 percent in the first 6 months of 2024. Poverty then dropped to 38 percent, https://apnews.com/article/argentina-economy-poverty-milei-austerity-inflation-061bbba174706475a255c6b871953009. That's on March 31, 2025. Speaking in total terms, it's a drop of 4 percent, all for what? Who got rich in that year and a half? What improved in Argentina for the working class? https://www.batimes.com.ar/news/economy/mileis-first-argentina-privatisation-beset-by-us536-million-debt.phtml
you'll find online sites like the US financial services committee, the Cato Institute and Reuters saying Milei dropped poverty from 53 to 38, miracle!!!! and they completely gloss over that poverty was at 41.
moderngamer327@reddit
So poverty was rapidly increasing and not only did he stop it increasing but even reversed the trend and lowered it to before he took office while also drastically lowering inflation. How exactly is that not helping the working class?
Kaene10@reddit
Salaries are shit
moderngamer327@reddit
Better economic conditions than before though
Kaene10@reddit
we are more in debt than ever lol https://www.pagina12.com.ar/864785-un-informe-advierte-que-el-91-por-ciento-de-los-hogares-arge
moderngamer327@reddit
Well yeah the governments been running a nonstop deficit. It’s going to be in more debt than ever before every day
bargranlago@reddit
The gov has a surplus
Kaene10@reddit
I'm talking about citizens, the people. The loss of purchasing power has been brutal in these two years, especially for retirees. That's why people are going into debt, they don't even have money left to buy food.
Terrible_Chair_6371@reddit
It's like saying the stock market in the US is going up, record levels and then saying it's good for the american working class. Then you look into the demographics and see that 1% of the wealthiest US population owns 50 percent of the stock market and that 10% of that population owns 93% of stocks.
I actually find trying to get actual information from Argentina really hard but it's a failure, it happened in kansas a few years ago, it happened in the UK back in the 80s and look at them and it's slowly happening to us here in the states.
All that being said I would need unbiased news sources and i can't find them but I don't believe those numbers I'm from Latin America, there is a giant sector called the informal economy and from what I know. Those in the informal economy are using their own form of currency instead of the peso b/c trust has fallen off a cliff. This happened in brasil too back in the day.
moderngamer327@reddit
No it’s not at all like saying the stock market got better so everyone is better. The stock market is not a measurement of living conditions or prosperity. Poverty rates are a measure of those things. Poverty rates being lower are better for the working class I have no idea how you could possibly argue otherwise
Blazer9001@reddit
https://en.wikipedia.org/wiki/Kansas_experiment?wprov=sfti1
bargranlago@reddit
Thanks, what Argentina need is definitely more taxes
s/
randomperson5481643@reddit
Yep, that experiment was so bad that republicans overrode a republican governor's veto to scrap it.
Terrible_Chair_6371@reddit
yep, man i remember Brownback, thanks for the link. these people keep trying this experiment and when it fails they just said 'conditions weren't right'.
GresSimJa@reddit
Eh, it's less than a government official once bought Twitter for.
Terrible_Chair_6371@reddit
lol, yea that is true, that's a boondoggle, was it 45 billion for twitter. forced to buy it by the way, wasn't a logical move, elon ate **** on that one.
Otacrow@reddit
So, what are the odds there is a deal of x% of aid sent to Argentina being sent into some shell company, account or whatever which just so happen to be owner by some guy with a surname that rhymes with dump?
RealAbd121@reddit
Zero. Because they're not giving cash that's stupid, America is buying 40billion worth of Argentina bonds
ring_ring_test@reddit
Let me put it this way - the odds are the same as me ordering pizza and being served baked dough with cheese on it.
LeGrandLucifer@reddit
ITT: People claiming private loans from the US is proof that Milei's policies are failing and also blaming him for the absurd debt accumulated by the governments preceding his.
Thangoman@reddit
The Absurd debt that his current economy minister took?
nhzz@reddit
Imf debt taken, at a very charitable interest rate, to pay for absurd debt taken by the administration preceding, yeah
Reminder that kirchnerism took a 18% loan from the chavist narco-state venezuela to pay for its 6% interest debt, nearly twice as expensive that what the imf was offering at the time.
ShootmansNC@reddit
You can't seriously put IMF and charitable in the same sentence.
Thangoman@reddit
Funny how you are literally quoting a fake news and not even a good edit
https://chequeado.com/ultimas-noticias/es-falsa-esta-tapa-de-clarin-la-verdadera-habla-de-la-cancelacion-de-la-deuda-con-el-fmi-que-no-se-relaciono-con-un-prestamo-con-venezuela/
If theres one thing that no one is able to argue is that the Kirschners made the debt situation much less problematic, better go find some other shitty excuse
nhzz@reddit
in english
Thangoman@reddit
A debt of 9 billion
Again how many did Macri take? How much does Milei intend to take?
moderngamer327@reddit
The policies aren’t completely failing. They are in a way better place than before but that place is still in a giant pit
LeGrandLucifer@reddit
Yes. They were very deep in debt. They're still trying not to default.
TheSallowSeer@reddit
Boot licking the people giving your tax money away while the people of this country continue to spiral into worse and worse economic situations.
randomperson5481643@reddit
Calling it US support is pretty generous, considering most individual Americans do not support this (if they even know about it). This is trump using US money to support Argentina.
TritoneRaven@reddit
All while our government is shut down because apparently slightly less unaffordable health care is too much to ask for.
ScaryShadowx@reddit
So standard procedure, Trump using American taxpayer money to benefit his friends, and the MAGA crowd cheers it on.
trashcatt_@reddit
Don't worry, it'll trickle down.... Any day now....
RaedwulfP@reddit
Its not even supporting Argentina. This bullshit aid will be liquefied by carry trade. Argentinians won't see a dime. This is all just to bailout foreign financial investors.
Turkino@reddit
This isn't making "America First"
If anything given the soybean fiasco and that the value of those bought peso's are plummeting, it's actively hurting the USA and further running up our national debt which is at all time highs.
But sure, let's keep bailing out economies who's sole reason for having any help is just because Trump and it's leader are ideological buddies.
iAINTaTAXI@reddit
Remember when these fine folks were screeching about providing military aid to Ukraine on a lend-lease basis? Not that I support the military-industrial-complex, but you could argue that leasing our aging equipment to Ukraine while upgrading ours was immensely in our interest. And yet the narrative was that we were dumping cash on a county overseas.
Where the fuck are those people now?
defenestrate_urself@reddit
The swap line doesn't seem to have changed sentiment, people are taking the chance to dump the peso while they have some breathing room.
https://www.bloomberg.com/news/articles/2025-10-16/argentines-dump-the-peso-betting-us-rescue-is-doomed-to-fail
bargranlago@reddit
Literally non news, it doesn't matter when you read that, people will NEVER trust the peso
AutoModerator@reddit
The link you have provided contains keywords associated with the content restriction of Rule 2.3 of r/anime_titties. If you believe your submission does not exceed the content restriction threshold and should be permitted, please request a post review and approval via modmail.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.