Why Trump’s $20B Argentina Bailout May Be Doomed to Fail | WSJ
Behold the glorious success of libertarian policy: Argentina's "anarcho-capitalist" president now needs a $40 billion bailout from the US. The "private sector solution" is a state-backed handout, explicitly conditioned on his party winning elections. Nothing says "sovereignty" like a foreign power openly funding your government and threatening to pull the plug if you lose a vote. A truly stunning display of ideological purity. 🤡
"Of the nearly $28 billion in grants the administration has frozen or canceled during the shutdown, $27.24 billion—97 percent—was for projects in Democrat-led congressional districts."
~ The Bulwark
#Trump #fascism #PoliticsofFear #cruelty #immigrants #ICE #shutdown #military #MikeJohnson #corruption
/7
"During the federal shutdown, in which hundreds of thousands of federal workers are not being paid, Trump announced that he would give Argentina $20 billion in 'aid' that would go to political and social elites in that country."
~ Robert B. Hubbell
#Trump #fascism #PoliticsofFear #cruelty #immigrants #ICE #shutdown #military #MikeJohnson #corruption #Argentina #bailout
/8
https://roberthubbell.substack.com/p/our-job-invite-disaffected-trump
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
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
A bailout you can't refuse.
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