I wonder which will turn out to be a better investment for the US government, the Intel stock or the Argentine pesos. I really don’t think I’d care to hazard a guess either way…
Gun to my head, I might actually say Argentina. Countries can’t go bankrupt after all, but shareholders can always get wiped out.
I really would like my tax dollars to fund national parks and put out wildfires, not another nation. Doesn't matter who's in power, they all are terrible.
I know that political topics are not suitable for HN.
But, as an Argentinian, I’d like to clarify that this financial rescue is intended for Milei.
We will have midterm elections soon, and the government is doing whatever it can to keep the USD exchange rate down so it doesn’t impact inflation and public perception. But this type of “rescue” is a band-aid, and it’s usually bad in the mid-long term.
In 2018, the IMF took a similar action. They extended the largest loan in their history, to cover bonds and provide some respite to Macri at the onset of an election year.
And if you wonder why this happens, it’s a combination of politicians who put their desire to stay in power over their country, geopolitics (a country in debt with you is easy to control), and high interest rates from high-risk bonds.
Sadly is a cycle repeated over and over in my country. In fact, the economy ministry that we have today it’s the same one involved in the 2018 negotiations with the IMF.
11 comments
[ 4.1 ms ] story [ 29.4 ms ] threadhttps://x.com/SecScottBessent/status/1976358303098662932 | https://archive.today/Imbkx
https://x.com/JMilei/status/1976367312329380180 | https://archive.today/9aEyd
Your farmers are collapsing and going bankrupt, your job creation is falling, you are cutting SNAP benefits and billionaires are getting tax breaks.
I just don't understand why so many Americans are on board with this.
Bread (McDonalds, BurgerKing) and circus (TV, streaming).
Gun to my head, I might actually say Argentina. Countries can’t go bankrupt after all, but shareholders can always get wiped out.
https://youtu.be/R8eK9ZXf-Ow?si=k6eOTo0YxaGbDyMk
But, as an Argentinian, I’d like to clarify that this financial rescue is intended for Milei.
We will have midterm elections soon, and the government is doing whatever it can to keep the USD exchange rate down so it doesn’t impact inflation and public perception. But this type of “rescue” is a band-aid, and it’s usually bad in the mid-long term.
In 2018, the IMF took a similar action. They extended the largest loan in their history, to cover bonds and provide some respite to Macri at the onset of an election year.
And if you wonder why this happens, it’s a combination of politicians who put their desire to stay in power over their country, geopolitics (a country in debt with you is easy to control), and high interest rates from high-risk bonds.
Sadly is a cycle repeated over and over in my country. In fact, the economy ministry that we have today it’s the same one involved in the 2018 negotiations with the IMF.
https://www.motherjones.com/politics/2025/09/trump-argentina...