Argentina Hits Rock Bottom - Joe Blogs

[TexasTowelie]

Javier Milei was appointed as President of Argentina in December 2023 at a time when Argentina was facing ECONOMIC MELTDOWN. Over the past 8 months he has introduced a variety of controversial policies and in this video I look at the current state of the Argentine Economy and discuss the implications for the Economy of Argentina, the people of Argentina and Javier Milei.

Chapters:
0:00 Intro
4:05 TAX REVENUE
6:38 GOVERNMENT SPENDING
7:39 FISCAL BALANCE
9:44 BALANCE OF TRADE
12:13 MONTHLY INFLATION
14:55 ANNUAL INFLATION
17:21 INTEREST RATES
20:34 PESO
22:49 UNEMPLOYMENT
25:06 SUMMARY & CONCLUSION

[highplainsdem]

1. No time to watch this now, but I want to add that Milei is a hero to both Trump and Musk, who

mentioned him during that interview on Twitter a few weeks ago, when Musk was urging Trump to appoint him to a new Government Efficiency Commission to slash federal spending (and Trump agreed).

[peppertree]

2. A veritable MILEISE: 45 large employers (500+) out of business in that Chucky doll's first 6 months alone

That's being "pro-business" for you.

GDP, excluding volatile agriculture, down 8.3%. Retail sales, business investment and manufacturing down 20% in real terms; construction, over 30%.

And that budget surplus Milei prided himself on? It slipped into deficit in July, as the tax base shrivels.

Meanwhile, he splurges on $100 million extra for "intelligence" (80% of which disappeared in a month) and 26 Reagan-era F-16s so antiquated, even Ukraine didn't want them for free.

And governance? Milei spends most of his time rage-tweeting in his underpants, playing with his dogs, or flying to the First World for some billionaire shindig (where they then laugh at him). His witch doctor sister is said to actually be the "president" - with the help of Tarot cards and séances.

So small wonder Muskrat's so fond him: The insanity is downright Trumpian.