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peppertree

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19. Sad - but true

Thu Oct 9, 2025, 07:10 PM

Oct 9

Not that this will help Argentina itself either - because Milei's currency deregulation means that any spare dollars will simply go to finance offshoring by local elites and foreign speculators (leaving the country the unpayable tab).

As has been the case in Argentina during every single right-wing government for the last 50 years - which is why they are as bankrupt as they are.

Right-wing Argentine presidents and their finance ministers since 1976: Borrow...dollarize...offshore...bankrupt...repeat...

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wolfie001

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Highlight:

US buys Argentine pesos, finalizes $20 billion currency swap [View all] peppertree Oct 9 OP

"a country that has benefited from sales of soybeans to China" speak easy Oct 9 #1

True - but even then, it's not doing Argentina any good (and there's the matter of Argentina's Congress approving this) peppertree Oct 9 #7

What? Delphinus Oct 9 #2

Well - we wouldn't want Scotty Bessent and his pal Robbie Citrone to take a loss on their Argentine gambles, would we? peppertree Oct 9 #8

Argentina is accepting a dollar that is declining daily in value? no_hypocrisy Oct 9 #3

Declining more slowly than their own IbogaProject Oct 9 #5

The problem is that we're accepting pesos which shrivel in value by the week (sometimes, hourly) peppertree Oct 9 #9

The Peso is declining more rapidly than the dollar. James48 Oct 9 #25

Pelotudos JoseBalow Oct 9 #4

Unbelievable eringer Oct 9 #6

Hear, hear peppertree Oct 9 #10

It absolutely is NOT a bailout, except, it is. Buddyzbuddy Oct 9 #11

AND it won't do them (or Milei) any good peppertree Oct 9 #12

How the fuck is this legal ? Nigrum Cattus Oct 9 #13

Exactly - PLUS it's illegal in Argentina itself, where such an agreement needs congressional approval peppertree Oct 9 #14

WTF'. Somebody is making a lot of money on this, and it ain't the American public. ashredux Oct 9 #15

You ain't whistling Dixie... peppertree Oct 9 #16

Gotta help his Argentinian MAGA clone by gifting him our taxpayer dollars PSPS Oct 9 #17

Sad - but true peppertree Oct 9 #19

Giving them 20 billion and taking away our healthcare mdbl Oct 9 #18

Exactamente peppertree Oct 9 #21

Give the money to another dictator to buy his favor, slightlv Oct 9 #20

Eso! peppertree Oct 9 #22

Don't give up your day job Milei Yo_Mama_Been_Loggin Oct 9 #23

You're not kidding. He spends most of his days in his underpants, rage tweeting and web surfing as it is! peppertree Oct 9 #24

"U.S. Treasury is prepared, immediately, to take whatever ... area51 Oct 9 #26

Sickening. SunSeeker Oct 10 #27

Bessent bailed out his friends Old Crank Oct 10 #28

Absolutely - just like with Trump's bailout of his old sex party pal, Mauricio Macri, in 2018 peppertree Oct 10 #32

WTF? 2naSalit Oct 10 #29

This is not just to bail out Milei, but also the GOP donors who invested in Argentine since Milei took over Mr. Sparkle Oct 10 #30

Exactly - just like with Trump's bailout of his old pal Mauricio Macri in 2018 peppertree Oct 10 #33

These libertarian job creators sure love socialist handouts IronLionZion Oct 10 #31

Saving a US investor pfitz59 Oct 10 #34

Absolutely. Democrats should be shouting this to the four winds peppertree Oct 10 #35

Paul Krugman says this is pure corruption. Every US taxpaer dollar is going not to Argentine, but straight... PerceptionManagement Oct 10 #36

Look at that face America - in addition to the soon arriving Trump $1 coin - this guy Milei is too Pachamama Oct 11 #37