Looks like Milei got crushed in this midterm.
It'll be a raw monday for Argentina regardless of the result.
El groko a full psyopseando por Milei
Stating that Trump's rescue mission to save Milei's government from its own inhumane incompetence is of "benefit to almost no one" is one fancy way of saying that Trump, Milei, and their criminal partners are benefiting personally from the alliance. One remains in power, the other steals resources and gains one geopolitical vantage point through control of Argentina's territory.
https://www.ft.com/content/815ef487-0d0e-430c-b140-9bc39dbd1a53
The annexation of Argentina is contingent on Milei's political success, something which was extremely unlikely to happen before the US intervention. With the US making offers they can't refuse to every argie representative and governor, it's going to be an interesting time to see how instead of Greenland or Canada, Trump ends up seizing a different country on the cheap.
To get started with.
Stating that Trump's rescue mission to save Milei's government from its own inhumane incompetence is of "benefit to almost no one" is one fancy way of saying that Trump, Milei, and their criminal partners are benefiting personally from the alliance. One remains in power, the other steals resources and gains one geopolitical vantage point through control of Argentina's territory.
https://www.ft.com/content/815ef487-0d0e-430c-b140-9bc39dbd1a53
I'm at the point where if something I'm reading contains this structure, closing the tab is basically an involuntary reflex
Today in the argie press they highlight this interesting decision by Judge Jennifer Rochon of the Federal District Court for the Southern District of New York (regarding Javier Milei's and Hayden Davis's $LIBRA crypto scam).
https://www.lanacion.com.ar/politica/para-la-justicia-de-estados-unidos-javier-milei-su-hermana-o-hayden-davis-podrian-ser-los-duenos-de-nid20102025/
Why Trump’s $20B Argentina Bailout May Be Doomed to Fail | WSJ
Terminó el circo en la Casa Blanca y se desplomó todo. Excelente Milei como estadista.
Trump is making progress on the US plan to annex Argentina on the cheap for only $20B, not one shot fired.
Bessent and his oligarch friends stand to reap the most immediate rewards financially, whilst Thiel, Altman and others are more interested in the industrial and extractive uses of the territory.
Funny thing is that Bessent actually is a former Soros man!
Even if Milei loses the legislative mid-terms on October 29th, the US is already "convincing" centrist extremists that annexation / intervention is for their own good, making the very persuasive US case directly, mugging one representative after another, one governor after the next.
An invasion by a different name.
And the idiot Dems don't understand they are not paying for any of it, only confetti money.
Trump is making progress on the US plan to annex Argentina on the cheap for only $20B, not one shot fired.
Bessent and his oligarch friends stand to reap the most immediate rewards financially, whilst Thiel, Altman and others are more interested in the industrial and extractive uses of the territory.
🇦🇷 This is Why You Don’t Let Libertarians Run Your Country
｢ Libertarianism doesn’t work. Its core assumptions aren’t true. It’s the intellectual equivalent of huffing paint ｣
https://www.currentaffairs.org/news/this-is-why-you-dont-let-libertarians-run-your-country
Yogthos
and 2 others
boosted
new ayn rand just dropped
#argentina #milei #javierMilei #bailout #uspol #aynRand #atlasShrugged #meme #memes #libertarian #libertarians #libertarianism
new ayn rand just dropped
#argentina #milei #javierMilei #bailout #uspol #aynRand #atlasShrugged #meme #memes #libertarian #libertarians #libertarianism
You can't have two bosses, but that hasn't stopped Milei from trying. Just as millions of voters turned their backs on him, and Scott Bessent appears to be less inclined to honour any perceived or implied promises of financial aid, the entire entourage of his pseudo-government is indicted, or getting ready to get indicted for a range of charges of corruption. (not the least of them his own sister's %3 kickbacks for every medicine provided by the national disability services)
The Trump mafia seems less inclined to be Milei's silver bullet (increasing Arg's debt even further, selling it by parts to Trumpist oligarchs), Milei's policies are economic death, starvation, and industricide and even in the right wing he's finding new foes (Milei hasn't been able to pass a single law in 2025).
The politics are impossible
The geopolitics are impossible.
The economics are impossible.
The financials are impossible.
Milei sleepwalks towards destitution.
Milei's chances of winning the mid-terms were already scarce after he lost the legislative election of the Province of Buenos Aires last month (an electorate of 14 million, the largest province represents 37% of the national argentine vote, Milei lost by a massive %13+ margin).
Rarely a president who takes a beating there lives to get re-elected.
AS if that weren't enough, Milei is also embattled between his allegiance to Trump and urgent demands for reviving the economy.
You can't have two bosses, but that hasn't stopped Milei from trying. Just as millions of voters turned their backs on him, and Scott Bessent appears to be less inclined to honour any perceived or implied promises of financial aid, the entire entourage of his pseudo-government is indicted, or getting ready to get indicted for a range of charges of corruption. (not the least of them his own sister's %3 kickbacks for every medicine provided by the national disability services)
Milei's leading candidate in the mid-term elections has been surrounded by allegations of involvement with a US drug cartel financing his campaign.
Milei has protected and denied the accusations for weeks, but this week hard evidence emerged in a Texas case showing how the druglord Fred Machado sent $200k to Milei's candidate Jose Luis Espert via Bank of America.
In the last few hours rumours are that Espert has resigned but nothing has been confirmed officially yet.
Milei's chances of winning the mid-terms were already scarce after he lost the legislative election of the Province of Buenos Aires last month (an electorate of 14 million, the largest province represents 37% of the national argentine vote, Milei lost by a massive %13+ margin).
Rarely a president who takes a beating there lives to get re-elected.
AS if that weren't enough, Milei is also embattled between his allegiance to Trump and urgent demands for reviving the economy.
Milei's leading candidate in the mid-term elections has been surrounded by allegations of involvement with a US drug cartel financing his campaign.
Milei has protected and denied the accusations for weeks, but this week hard evidence emerged in a Texas case showing how the druglord Fred Machado sent $200k to Milei's candidate Jose Luis Espert via Bank of America.
In the last few hours rumours are that Espert has resigned but nothing has been confirmed officially yet.
Jonathan Schofield
boosted
Ω🪬Ω
➤ Making Argentina Great Again
it is incredibly suspicious to me that the US Treasury fund #Bessent wants to use to bail out #Argentina and Javier #Milei is almost exactly the same size as the amount of money #Tether is suddenly trying to raise via a “private placement”.
Tether is one of the most profitable companies in the history of the world, at least according to their own unaudited / unverified numbers. There should be no reason for them to need to raise capital and no desire on their part to sell off part of their cash cow.
Puting aside for a moment the absurdity of the idea that the central bank of international criminal finance considers itself to be in the same league as companies like Google, Nvidia, and Tesla, I can think of 3 possible explanations:
1. Tether is (somehow) out of cash. This is lent some credence by the fact that they are failing to pay their electricity bill in #Uruguay and had their power turned off a few weeks ago.
2. Tether wants to get some shares into the hands of corrupt government officials (other than Howard “Nutlick” #Lutnick, who already has some) for protection.
3. Now that the #Fed has pivoted and cut rates Tether’s income is about to start dropping (and the more the fed cuts, the more it will drop) so they are just cashing out the founders at the top. This is the most charitable interpretation.
it’s also worth mentioning that:
1. Tether’s #USDT token is very popular with #Argentinians trying to avoid that country’s hyperinflation. While technically illegal because of capital controls, it’s still a “crime” I have some sympathy for. But it does mean there’s an important connection between Tether and Argentina.
2. Tether is a major shareholder in south american agriculture business #Adecoagro which does a lot of work in Argentina.
more on Tether: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered
#uspol #MAGA #uspolitics #ScottBessent #treasury #finance #economics #bailout #IMF #WEF #WorldBank #howardLutnick #stablecoins
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
