Far Right Presidential Candidate Wins in Argentina

[Dark_Ansem]

They’re paying the price right now, the only way is up.

I love this optimism of yours!

 

[Foxi4]

I love this optimism of yours!

It’s realism. It really can’t get much worse when 2 out of 5 people you ask are unemployed and your money is worth nothing. The country is on the precipice of disaster, and has been since before Milei was elected. They need drastic action because whatever they’ve been doing lately is not working.

 

[Cylent1]

Who the hell cares?
Why don't you take your dividing narrative elsewhere!
And you all wonder why the world has gone to shit!

 

[Dark_Ansem]

Oh look, what we all said about a "libertarian" basically becoming a far-right dictator is, in fact, happening. Engaging in denial of the desaparecidos, which literally everyone who studied argentinian history knows.

 

[jomaper]

Oh look, what we all said about a "libertarian" basically becoming a far-right dictator is, in fact, happening. Engaging in denial of the desaparecidos, which literally everyone who studied argentinian history knows.

Nah dude they know better, don't worry. They're experts.

 

[urherenow]

EDIT: Nevermind. Deleted my comment. Can't reason with stupid.

Post automatically merged: Mar 23, 2024

Consider this: he just got congratulated by the far far right Spanish party (Vox), far far right Jair Bolsonaro from Brazil, Donald Trump and Elon Musk, among others.
We're fucked.

Post automatically merged: Nov 20, 2023

Funny you say both of those things. Musk supported Milei. Did you know Argentina has one of the biggest lithium sources in the world? A simple math will tell you a cheap regional economy + cheap labour + lots of resources = good business for scum like Musk.

Yea... Musk is such scum
https://borgenproject.org/diminish-global-poverty/

 

[jomaper]

EDIT: Nevermind. Deleted my comment. Can't reason with stupid.

Post automatically merged: Mar 23, 2024

Yea... Musk is such scum
https://borgenproject.org/diminish-global-poverty/

Why are you so obsessed talking about a country from which you know nothing about? And trying to teach me about it? It's like an obsession you yankees have with meddling in other countries' issues and thinking you have the right take. Of course it's mostly the Musk/Trump fanboys.

Musk is scum indeed. Yep.
I wasn't gonna open that link but I was curious. NO FUCKING WAY YOU SEARCHED "ELON MUSK HELP POVERTY" AND PASTED THE FIRST 2020 BLOG POST YOU FOUND LMAOOO

 

[Dark_Ansem]

https://borgenproject.org/diminish-global-poverty/

How much of this has actually happened? Like, 4%? Could have given 10 billion, instead no, he had to spend 50 to buy Xitter just to massage his massive snowflake ego.

Bill Gates has done far more to end poverty than elon musk did.

 

[Dark_Ansem]

ah well, libertarians gonna libertaire

 

[jomaper]

ah well, libertarians gonna libertaire

Nah dude just give him time, it'll work I swear /s

 

[Dark_Ansem]

Nah dude just give him time, it'll work I swear /s

"trust the plan bro"

 

[Foxi4]

ah well, libertarians gonna libertaire

Uhh… Yeah. The year started with a strong rally, putting the peso as the no.1 performing currency in the world.

https://www.bloomberg.com/news/arti...arks-wild-rally-that-makes-peso-no-1-in-world

The rally slowed because Milei is facing some pushback in implementing his policies, plus there’s a planned drop in interest rates.

https://www.reuters.com/markets/cur...ts-record-low-milei-rally-falters-2024-05-22/

The gap you’re describing had *narrowed* from 200% to 18% since Milei took office, and recently rose back up to 44% due to uncertainty. The graph looks this way because the currency was intentionally devalued as part of the initial economic package.

So yeah, trust the plan, actually. The graph looks as expected. Let’s zoom out. You can see a significant increase in confidence between January and April. Had the rally continued, you’d be seeing December, if not October numbers instead, but there are some roadblocks in the way.

 

[Dark_Ansem]

rally, putting the peso as the no.1 performing currency in the world.

Artificial devaluing, not market confidence.

Also, all this ride in the span of a month doesn't scream "strong and stable" in any way.

 

[AdenTheThird]

I'm impressed that this thread is still going.

 

[jomaper]

Artificial devaluing, not market confidence.

Also, all this ride in the span of a month doesn't scream "strong and stable" in any way.

Plus it's against the "blue" dollar, not the official one. It's all smoke and mirrors.

 

[Dark_Ansem]

Plus it's against the "blue" dollar, not the official one. It's all smoke and mirrors.

Blue dollar?

 

[jomaper]

Blue dollar?

Yeah since we don't have free access to get USD there's a parallel (illegal) market. That parallel price was frozen for the first few months (started going up recently), that's why it looked like the peso was going strong.
See how "Parallel peso" is the one going positive but the official one is in the negative. It's so stupid I can't believe we're even discussing this.

https://markets.businessinsider.com...ssion-inflation-milei-foreign-currency-2024-4

 

[Dark_Ansem]

Yeah since we don't have free access to get USD there's a parallel (illegal) market. That parallel price was frozen for the first few months (started going up recently), that's why it looked like the peso was going strong.
See how "Parallel peso" is the one going positive but the official one is in the negative. It's so stupid I can't believe we're even discussing this.
View attachment 439515
https://markets.businessinsider.com...ssion-inflation-milei-foreign-currency-2024-4

Ohhh thank you for the explanation. It's good that you're providing the local perspective.

 

[Darth Meteos]

damn, i guess south america is just gonna south america