Thread 519433417

Argentine peso weakens to fresh low despite US interventions

Washington’s $400mn of support fails to halt currency’s slide ahead of the Latin American country’s midterm elections

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https://www.ft.com/content/815ef487-0d0e-430c-b140-9bc39dbd1a53

The Argentine peso has fallen below the level it reached before the US Treasury began purchases earlier this month, in a sign the Trump administration’s financial support is failing to halt the currency’s slide ahead of a crucial election for libertarian President Javier Milei.

The peso dropped almost 1 per cent on Monday to close at 1,477 against the dollar, a new record low, near the bottom of an exchange rate band adopted in April.

The slide has resumed despite three purchases of pesos by the US Treasury since October 9 — which Argentine economists estimate total roughly $400mn, although neither government has confirmed the figure — as well as the announcement of a $20bn currency swap line between the two countries.

Argentina’s central bank confirmed the signing of the swap agreement on Monday. Terms of the deal were not disclosed.

Milei’s pro-business government has struggled to end severe market turmoil that began last month after it suffered defeat in crucial local elections. Analysts say US support, led by Treasury secretary Scott Bessent, has failed to quell demand for dollars from Argentine investors who are hedging against the possibility of a bad result for Milei at critical midterm legislative elections on October 26.

>>519433417 (OP)
The US and western capitalists need whatever new economic model they are cooking up in argentina to succeed, like they need it bad because Neoliberalism has been a massive fuckin failure and has led to the rise of China.

The fact that marxist ideas are on the rise and stronger than ever is a evidence that the current model of capitalism will eventually lose to socialism, thats why people like Lenin and Stalin dont just die, they live and will live forever among the people.

>>519434260
Not just this, it’s clear Argentina is being set up as the back-up option for a Jewish state.

>>519433417 (OP)
When will people learn that pure capitalism doesnt work? Its idealist utopia that has never existed and will never exist.

yes, trickle down was always stupid and an excuse to give money to rich people. how people didn't see that, i don't know, but it was obvious if you thought about it. markets are good at certain things and terrible at others.

>>519434342
>back-up option for a Jewish state
This is the biggest bummer. They already blend in with the hispano-italian mutts that live there. I was really hoping that they would have nowhere to go this time but it looks like they figured it out.

>>519434260
>>519433417 (OP)
>muh gommunism
>muh captalizm
Secondary concern. Prosperity is decided by race/culture said race creates. Spics will always be poor. East Euros will always be ok but not great. Westoids will always be rich.
There can be temporary distruptions to these patterns but in the long run they regress to their norm.

>>519435544
Thats literally the most braindead take ever. Prosperity is decided by material conditions, not by some pseudo bullshit about race, when the Roman empire was a thing, the celts and germanic tribes were african tribesman levels of shithole.

>There can be temporary distruptions to these patterns

German tribes were literal savages for tens of thousand of years before the romans uplifted them from the dung pile.

>>519436166
You will always be poor because you're stupid and corrupt by nature. No muh materials will change this.

>>519434260
>whatever new economic model
>new economic model
>new
lol
lmao even
you mean the fucking old economic plan? the one where you follow the principals of basic economics?
absolutely south american post
actually making money is just a fantasy to the sudaca

>>519436615
romania mogs you

>>519433417 (OP)
why would the peso appreciate a week before elections when anyone with 2+ digits IQ has their savings dolarized so they don't get fucked on monday?
>despite US interventions
milei winning the elections is a prerequisite for the swap, america didn't intervene yet

>>519437783
Not by most metrics. And even if it did, that'd do nothing to refute my point.
You too will always be poor, you're too nepotistic to change this and too low IQ to stop the nepotism.

>>519436615
Before Communism, Hungary and Romania were known as as "The nations of 30 million beggars".

>>519436824
You so naive it hurts.

>>519438381
Never heard of it. Made up cope - early 20th century HU and RO didnt even have 30 mil people in total.
And we were richer before communism - but still not as rich as the west - this aligns with what I said.
I repeat: You will always be poor because you're stupid and corrupt by nature.

>>519439432
No, you were not, massive cope.

>>519439843
Everyone that matters, every economist disagrees. Leftism isn't what you wish it was.
But heres the thing: even if it was, it couldn't help you. No matter how good the system is, the invidual units making it up matter more. And said units are low IQ corrupt shitskins in your case.
You will always be miserable because misery is the only thing that you are capable of producing.

>>519440287
Before communism, your country was an under developed, barely any infastructure to speak off, no eletricity for most of the country and illiterate fuckin shithole.
You cannot be real right now, go on google and search up any metric and compare a 1940 to a 1960s hungary.

And it wasnt even true socialism for that matter, most of hungary economy was still private property and EVEN THEN it was millions times better than whwatever the fuck they were doing before.

All workers fight, plight, struggle, 8 hour work day, paid vacations, pregnancy leave, pretty much 100% of workers rights and anything that can bring a glimmer of hope to the masses were a struggle of the left wing, the right has brought nothing to the table that hasnt been just empty promisses and nothing solid.

>>519433417 (OP)
America's pumping a hosepipe into Argentina.
Argentina has TWO (count it, 2) exports; Basedbeans and petrol.

If china switches onions-trade to brazil, it could tank Argentina and the US in one go.

>>519434342
>back-up option for a Jewish state.
Israel and the US could probably find the money to prop up Argentina.
But Argentina doesn't have the infrastructure to support itself.

Gigafucked: https://oec.world/en/profile/hs/basedbeans

Aegentin's reliance on Onions: https://oec.world/en/profile/country/arg

>>519440846
sory, auto-correct is fucking up my post

>>519440716
>muh gommunism
Thats just your - observsbly false - opinion. We had metro in 1986...
You do this as to cope with your subhumaness "whitey only rich cuz of XY, we'z only poor cuz of no XY".
But thats false. You are poor because of you.
Imagine the perfect system, created by a Godlike AI. Now have macaos run this system. You'd cheat the rules made tlfor your collective benefit thinking you are smart for doing so. You couldn't execute functions needed fir a good system even if you tried in earnest simply because you lack the IQ for it.
What will be the end result? Same as of capitalism, same as of communism: favellas.

>>519441148
*metro in 1896

>>519440898
Same

>>519440846
>Argentina has TWO (count it, 2) exports
and the worst part is that they made it this way by design
>salmon farms
noo you can't raise salmons in captivity, that's inhumane!
>chile takes the salmon market and starts exporting salmon
>yerba mate
nooooo that's our national infusion so we just have to regulate the whole market and make it impossible to plant any more than to maintain the local market
>brazil and uruguay take the yerba mate market and start exporting it to the world
>lithium
noooo that's an strategic resource so we should leave it underground for ever and ever and ever and never mine it or sell the land until the end of times
>chile and bolivia mine the lithium, the price of lithium's value sinks by 90%
>literal gold and silver
nooo mining bad blah blah blah I hate making money and I want us to be a thurd world country for ever

>>519441148
You are a schizophrenic retard, i literally dont give a fuck about race poltics, which is literally a tool of the jewish elites to keep people like you in a thigh leash.

We are communists and we are right, nothing you can say can change this.

>>519441762
You not caring about reality won't change it. Communism won't - can't - save you from yourself. The favellas aren't going away.
>commie right, nothing you can say can change this
I don't have to say anything, history has made its verdict long ago.

>>519442112
Jews control you now, we were right. You just proving my point.