If they can't do it noone can.
US kicks off controversial financial rescue plan for Argentina
The Trump administration will purchase pesos in a bid to calm Argentina's economic crisis.
bbc.com
US kicks off the rescue of the Peso.
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All I see is the country getting into more and more debt. It's like Groundhog day.
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All I see is the country getting into more and more debt. It's like Groundhog day.
It's down the swanny.
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I wish the US would fix its own debt problems first
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Another deal that seems aimed more at generating money for insider cronies than at actually helping Argentina.
Big Investors Await Windfall From Trump’s Argentina Bailout (Gift Article)The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies.www.nytimes.com -
Apparently it might now go up to US$40bn, according to Bessent.
How much, including the IMF loan and others, does Argentina actually owe? I really don't like this.
El secretario del Tesoro de EE.UU. anunció que la asistencia financiera para la Argentina podría llegar a US$40.000 millonesScott Bessent mencionó una nueva línea de crédito con bancos privados y fondos soberanos por US$20.000 millones. Se trata de un mecanismo que se sumará al swap…tn.com.arScott Bessent dijo que el salvataje total podría alcanzar los u$s40.000 millones y volvió a comprar pesos"El Tesoro de EEUU compró pesos argentinos en el mercado esta mañana", aseguró Bessent.www.ambito.com -
This stinks. I’d like to read the names of Bessent’s billionaire buddies, and exactly how much each stands to lose if Argentina doesn’t keep getting these cash transfusions.
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I believe there’s another thread about trump’s promise of $20 billion to Argentina, later clarified to mean only if things go Milei’s way in voting this month. But I can’t locate it so am posting this gift article here.
Trump Helped Argentina Face an Economic Meltdown. It Came At a Cost. (Gift Article)When President Javier Milei of Argentina faced an economic meltdown, President Trump vowed to come to his aid. But that lifeline is coming at a cost.www.nytimes.com -
Apparently it might now go up to US$40bn, according to Bessent.
How much, including the IMF loan and others, does Argentina actually owe? I really don't like this.
I do not know much, but I think this other extra 20B mentioned by Bessent is him asking his many banker buddies to create a US fund that would invest in Argentina sovereign debt instruments. I think that means to invest in Bonds and similar that argentina already offers. Often bonds sales do not attract enough buyers, which then result in lowering of the bond prices so argentina gets less. Sovereign debt sales are the normal way that all countries and municipalities raise money.
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MILEI AND THE MASTER OF THE UNIVERSE. | @KIDNAVAJOART
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MILEI AND THE MASTER OF THE UNIVERSE. | @KIDNAVAJOART
James Neilson is right about Karina.
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This is what he thinks of Argentina
Trump fury at question about how buying Argentinian beef will harm USDonald Trump has snapped at a reporter who asked him about how buying Argentinian beef will affect American farmers, telling her: 'Young lady, you don't know…www.dailymail.co.uk -
Argentina formalizes $20bn currency swap deal with USBailout by Trump attempts to stabilize shaky economy under Javier Milei as he faces mounting midterms pressurewww.theguardian.com
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This is what he thinks of Argentina
https://www.dailymail.co.uk/news/article-1…ntry-dying.htmlHe's not far wrong to be fair. Especially if the poisoned dwarf becomes President.
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“Argentina’s peso slumped to a record low while bonds sold off as pressure on President Javier Milei builds in the run-up to Sunday’s midterms despite repeated US intervention in the nation’s markets.”
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Can someone please explain the significance of this to me?
Argentine economists believe the US Treasury has already sold its pesos - Buenos Aires HeraldA Central Bank balance sheet indicates that the currency swap between both countries may have been activated, prompting economists to demand transparencybuenosairesherald.com -
I re-read that article a few times last week and still could not comprehend it all. Especially the part about it being a swap line. I can understand that the US treasury bought peso denominated Argentina bonds and or peso directly. Bessent indicates they already made a profit, which would mean they already sold the bonds for a higher price, or sold less pesos to get back the same number of original dollars. That is what is well known for those who timed it right. it is just that Bessent is still vague about the details.
Even after re-reading the article trying to explain exactly what a swap line is https://buenosairesherald.com/economics/how-…rency-swap-work
And here yesterday they confirm more, while still not being specific
US Treasury Secretary says Argentina has activated the currency swap - Buenos Aires HeraldAlthough no Argentine authorities have confirmed it, Bessent said that ‘a small amount’ of the US$20 billion credit line has been usedbuenosairesherald.com
