brogdale
Coming to terms with late onset Anarchism
Old hat for the alt-right.No, but I'm nicking it.
Old hat for the alt-right.No, but I'm nicking it.
Not at all. Milei doesn't care about the Falklands and admires thatcherTime to dust off the gunboats then eh what
This really is madness. He makes Trump look sane and moderate.
Not at all. Milei doesn't care about the Falklands and admires thatcher
But he was running against the former Minister of the Economy, who presided over the 140% inflation. Of course he was going to win.
When the magic plans have turned to shit, people will take to the streets against Milei. If I were living there today, I would fear the return of political violence - among other things, he is on record downplaying the atrocities of the Videla years.Personally - and ignoring whatever happens to all the Argentines trying to cope with Weimar levels of inflation - my concern is what happens when he decides he needs a distraction because all the Magic Plans have turned to shit.
Regarding pegging Argentina to the US dollar, that will produce the same problems Greece had being pegged to the euro. With devaluation no longer an option, gutting public services will be the only path open to him. I can't see him actually doing this, but if he does, it will be a disaster.
Argentina's problems are rooted in its foreign debt, though. A sensible nutter would tell the creditors to fuck off.
Yeah I know. It would be a rational response to the problem, though. More countries should do it. Strength in numbers! Revolution!Sovereign debt defaulting creates an economic disaster in itself. You can't just tell creditors to fuck off and hope nothing bad happens.
Regarding pegging Argentina to the US dollar, that will produce the same problems Greece had being pegged to the euro. With devaluation no longer an option, gutting public services will be the only path open to him. I can't see him actually doing this, but if he does, it will be a disaster.
Argentina's problems are rooted in its foreign debt, though. A sensible nutter would tell the creditors to fuck off.
Yeah I know. It would be a rational response to the problem, though. More countries should do it. Strength in numbers! Revolution!
"Tell your creditors to go fuck themselves".
The leftard solution to sovereign debt!