cross-posted from: https://lemmy.zip/post/51070777

“Yet, they never have the funds for healthcare coverage for all,” said Congresswoman Rashida Tlaib.

  • x00z@lemmy.world
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    1 year ago

    Double or nothing. Trump firmly believes in the Martingale strategy. It’s part of the art of the deal.

  • A_norny_mousse@feddit.org
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    1 year ago

    I kinda missed part 1 of the story; what’s the deal for Trump here?
    He wouldn’t be doing this if there wasn’t something in it for him.


    Oh and just in case somebody isn’t 100% clear what Milei is about:

    While Milei has drastically slashed inflation, the reduction has come via the devaluation of the peso and massive cuts in government spending, including the evisceration of social programs resulting in more expensive housing, healthcare, and education.

    And Trump doing mafia style threats again:

    “If he loses, we are not going to be generous with Argentina,” Trump told reporters. “I think he’s going to win, and if he wins, we’re staying with him, and if he doesn’t win, we’re gone.”

    Lawmaker Margarita Stolbizer:

    “Trump tells us Argentines that if we don’t vote for Milei, we’ll be punished,” she added. "The interference is absolute, the libertarian surrender is total.

    • Getitupinyerstuffin'@lemmy.world
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      1 year ago

      Im all about Milei. Im all about reducing the size of bloated governments and frivolous spending. Governments love to pay useless people to do useless and many times redundant work. I understanding these are people with jobs and paychecks, and people should be able to have a good job and pay check, but not pointlessly and at the expense of the tax payers.

    • hedgehogging_the_bed@lemmy.world
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      1 year ago

      Argentinian government debt is mostly owned by big American investment firms like Black Rock. If their economy crashes, American Oligarchs lose $$$$ so they convinced Trump this is in his best interests.

      • dublet@lemmy.world
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        1 year ago

        the play would be increasing US authority in South America either preemptively or as a direct response to eastern influences like Russia and China.

        Maybe, if there was a smart big thought in that brain. This will be simpler, as they will just build a building or two, a tower and hotel or something with his name on it. In exchange for $40 bil of other people’s money. He doesn’t care about strategy or geopolitics, this guy is 100% about the corruption and the personal benefit, the quid pro quo, he’s the mob president.

    • az04@lemmy.world
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      1 year ago

      I think that article is not well researched. Devaluing the currency causes inflation (in Argentina’s case), not the opposite. In fact, Milei did not sufficiently devalue the peso, because devaluing further would have caused more inflation. It’s exactly because he did not sufficiently devalue that the peso is now in crisis.

      I don’t know about the other ones, but under Milei housing listings have become cheaper, when adjusted for inflation.

  • LifeInMultipleChoice@lemmy.world
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    1 year ago

    Out of curiosity, what does this do to the USD? I know it is a “small” amount relative to our country, but if they are swapping $40b in U.S. Dollars for a currency of high volatility, isnt it a guaranteed loss of believed stability in those USD up to that amount?

    • icelimit@lemmy.ml
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      1 year ago

      Soft power I guess? Maybe strings to dump us agricultural produce that is losing their market due to taco shenanigans.

      • prole@lemmy.blahaj.zone
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        1 year ago

        Lol soft power.

        Oh you mean like all of the soft power that we built up over the past 80 years and has been completely wiped in the past 10 months?

        Soft power like that?

        • icelimit@lemmy.ml
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          1 year ago

          What are you talking about the dems made sure we had absolutely no soft power and were Enslaved to the commie libs since Reagan!

      • MrMakabar@slrpnk.net
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        1 year ago

        Actually thanks to US money, Argentina was able to support its farmers by lower export tariffs for soy beans. They then sold a hell of a lot of those to China. Soy beans used to be the biggest US export to China…

        • icelimit@lemmy.ml
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          1 year ago

          Maybe in turn us gets to sell it’s GMO seeds to Argentina exclusively, displacing local seeds/agricultural self sufficiency forever? Idk

          • MrMakabar@slrpnk.net
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            1 year ago

            Milei wants to dollarize Argentina. Ones you do that, it is very hard to move to your own currency again and it would give the US massive influence over Argentina. The good news is that Argentina has a much more functional democracy then the US and their parliament is stopping Milei from doing too much bs. So probably this is going to fail.

    • mcv@lemmy.zip
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      1 year ago

      Isn’t there a shutdown? Because they can’t agree on a budget? And now there’s no money even to pay government employees? So where is this money suddenly coming from?

  • ArmchairAce1944@discuss.online
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    1 year ago

    Aren’t Argentinan soy farmers basically stealing American soy farmer’s sales? Its almost like American farmers voting for this City Slicker Real Estate loser hate themselves or something.

  • perestroika@slrpnk.net
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    1 year ago

    First of course, it’s disrespectful to make insinuations to a sovereign country about whom they may vote into office.

    Secondly, Trump doesn’t have authority to give loans.

    He’s probably trying to deceive Argentinian voters with false hope of generous loans (which have to be paid back, I should note).

    However, in the US, financial decisions are made by Congress. Certainly on the scale of tens of billons. The president has discretion to move far smaller sums.