Not really, purchasing power will still play a huge role in things. Its not like their price of goods will suddenly match the price of goods in the USA overnight.

in case you didn't notice every single country is joining BRICS and leaving the dollar it's going to collapse later on all by design.

What's even more nuts is that eliminating income taxes on 99% of the population is only 1% of GDP

lmao

Inb4 Falkland's War 2: Electric Boogaloo

Dude seems based as hell. I'm interested to see if he will be able to implement the programs he wants and how things will work out.


I'm sure his ideas would work. If allowed to be implemented. But I bet there will be people in power working against him.

You obviously have 0 idea what you're talking about. Argentina is 97% white.

Stop injecting dumb American culture war racist scaremongering bullshít where it needn't apply.

he's a jewboy, the people in Argentina are doomed.

Not one single people or country in the history of the world has ever been led by the jews and came out better off. Because they are only good at one thing: destroying people.

Argentina is a White country, Whiter than the USA. It's almost homogenously White at over 90% White, its filled with Germans and Italians who moved there after WW2, the land was mostly uninhabited and millions of Europeans moved there after WW2 and built it. It's kind of a Europe away from Europe, its quite nice. SAD!

To be honest kind of hoping the same type of person takes over for Canada. Although I think our Conservative guy will change things around enough to remove the damage that our Liberal Party has done. Slashing spending, simplifying taxes and cracking down on crime are all good things. And honestly here, we need two tier health care as well so people who actually work and can afford it can get better access to care.

Wealth inequality and power is greater with Socialism. For instance, under capitalism, blacks accelerated economically faster than any other group in the world under any system in history. Capitalism is not a zero sum game. Wealth is created, not transferred, like it is under Socialism. This means that when someone gets rich, it is not at the expense of anyone else. This also means that the wealth is not "distributed among fewer and fewer people, it is actually quite the contrary. When wealth is distributed among fewer and fewer people, that is an outcome of socialist policies under our capitalist system. This has been proven time and time again by people like Hayek, Thomas Sowell, Ludwig von Mises, Rothbard, Milton Friedman, Walter Williams, and many others.

There are trade-offs that need to be assessed as well. For instance, the redistribution of wealth, when analyzed, becomes extremely inefficient. This was first seen among the farmers. Land redistribution for farming was the first idea based on "income inequality". As farming techniques and technology became more efficient, fewer farmers were required to produce food at a very low cost. When people were given farm land to farm, many of them starved because they did not know how to farm. In other words, not everyone knows what to do with the wealth to benefit society, or even themselves. So the moral question becomes, is it better to have wealth in the hands of people that can produce highly efficiently in order to provide products and services very cheap to others? If someone cannot produce for themselves, someone else must do it for them, and a free market is the most efficient and cost effective way to do it. if left to the government, they would create the "socialist calculation problem", which means, if there is no competition, then there is no way to know the cost of production and ultimately pricing.


Another example is regulations. As Ludwig von Mises once put it, "regulations are Socialism disguised as capitalism". What he discovered is that too many regulations creates the lobbyist, who benefits only the politician and themselves. A heavily regulated market also becomes extremely expensive for the producer, that only the rich can afford. This creates monopoly.

I can go on and on, but I hope you get the point. The less free market is, the less wealth that is in the hands of the many, and the less efficient a market becomes, making everything cost more, and making everyone poorer

Hahaha.

Did a little research and you're right, it's all the same chit.

They wont stop until every single White country is destroyed.

Look for Him to open the borders to third world trash, if that happens then it's confirmed.

To give you guys an idea of how terrible Argentina’s inflation is, the people actually created a “black market” money system called the Blue Dollar because their pesos are so terrible.

I went to Argentina last March and because of the Blue Dollar rate, it was the cheapest vacation I ever took. The entire country is essentially half-off to Americans. Me and my friend would go to the trendiest restaurants, order steaks, wine, all the appetizers and sides etc and it would come out to like $30-40. Something that would costs hundreds in US.

So what is the Blue Dollar?

Basically because their money is so weak compared to the US dollar, and the inflation is so bad, the people would rather hold onto American dollars than their own money. So this has created an underground economy where there is more demand for USD than Argentinan Peso.

So right now, if you use your credit card or you exchange your money officially through a bank you will get 350 pesos for 1 USD.

If you bring American $100 bills and exchange at cash exchange place, they will give you 900 pesos for 1 USD. MORE THAN DOUBLE THE OFFICIAL EXCHANGE RATE. So the entire country is essentially half off if you bring American money with you.




To give you an example, when I went March of last year, this was $100:$1 on the official rate, and $200:$1 on the blue rate.

So if you are Argentinan, and you held your money from then until now, you’re money would be worth 1/3 of what it was.

Why does the IMF never make austerity a part of the loans with Argentina like with every other country they've lent to?

How many Argentinian hookers can you get with 4k dollars?

I wasn’t really tapped into that. I tried to do a little research online and look up some websites and WhatsApp girls. But I really wasn’t able to find anyone for less than $100. Which is pretty much what ever girl cost in South America.

The great thing about economics is no matter what happens, someone will claim to be exactly correct.

Hope he is able to help make Argentina a better country. With a poverty rate of around 40%, and inflation over 100% annually, the people there are hurting. Hope we never see inflation like that here in the US. Sometimes I wonder though with our current government's big spending ways.



Javier Milei made inflationary government spending the villain of his winning bid for Argentina's presidency

https://www.washingtonexaminer.com/o...nas-presidency

Western Union also uses the blue dollar rate, so if you run out of cash you can just transfer it on the app from your bank and pick it up at one of the thousand Western Union spots and get that juicy extra money

Last year I found gamers using a similar method for their games. They exchange dollars to another currency, then purchase the game products from a foreign country and get it cheaper.

This is what happens when you no longer have a free market. The consumer and businesses have to get more and more innovative to avoid the US markets, rather than getting innovative to take advantage of the domestic market.

Huh? I supported Milei btw. I have business interests in argentina so I supported his campaign.

What are you talking about??? There were never joggers in argentina in the first place. At least not in any substantial numbers

Why is this on my feed all damn day? He sounds great but I couldn't name the president of a single South American country

all of them

Can you look back in history and point to any time that wealth has accumulated in the hands of the few in an open truly free market WITHOUT government intervention?

Dude going in dry on leftists. Absolutely hates them. Based and nationalistpilled

Argentina's President-elect Milei converts to Judaism in first trip abroad



https://archive.ph/xNuWS

Javier Milei’s incoming administration is shaping up to be one of the most pro-Israel governments in Argentina’s history, at a time other Latin American nations have spoken out against Prime Minister Benjamin Netanyahu’s strategy to eradicate Hamas.

A week after winning the Nov. 19 runoff election, Milei arrived in New York on Monday morning for his first trip abroad as president-elect and headed straight to the tomb of a famous orthodox Jewish rabbi in Queens. Dawning a kippah and all black outfit, he visited Menachem Mendel Schneerson’s grave to pay respects.

The symbolic gesture illustrates how committed the incoming leader is to deepening Argentina’s cultural and political ties with Israel while much of Latin America, a Catholic stronghold, remains neutral or even critical.

Milei went to the Ohel Chabad Lubavitch before any other meetings with US officials or the International Monetary Fund in Washington. The president-elect is converting to Judaism, as per one of his spokespersons, and on Saturday participated in a Jewish ceremony in Buenos Aires where he received a blessing from another rabbi.

Less than two weeks before he takes office and without a full cabinet in place, he called the US visit a “spiritual” trip — the second of its kind since early September. It remains unclear when Milei, who grew up Catholic, chose to convert.

The incoming president’s fervently pro-Israel stance singles out Argentina, already home to the region’s largest Jewish population, as Israel’s top ally in Latin America. Milei has repeatedly said he plans to visit the country and move Argentina’s embassy to Jerusalem from Tel Aviv. At the same time, he’s only starting to smooth over relations with Pope Francis, who is Argentine, after previously heaping criticism on him as a candidate.

While Argentina has traditionally sustained good relationships with Israel — outgoing President Alberto Fernandez picked the Middle Eastern nation for his first international trip as head of state in January 2020 — Milei’s approach contrasts with increasing criticism from Latin America’s leftist leaders over Israel’s offensive in the Gaza Strip.

Earlier this month, Colombian President Gustavo Petro threatened to suspend diplomatic ties after Israeli officials called some of his comments antisemitic, while Chilean leader Gabriel Boric temporary pulled his ambassador from the Jewish state to protest its attack in Gaza. The hard-left government of Bolivia cut off diplomatic relations with Israel altogether, accusing it of “crimes against humanity.” Brazil’s Luiz Inacio Lula da Silva has taken a more neutral approach, though he too has criticized Israel’s response.

To Carlos Ruckauf, Argentina’s vice president in the late 1990s, Milei’s trip this week reflects his government’s international priorities.

“To go so early to the US or signal he would go to Israel sends a very clear message about Milei’s foreign policy,” he said in an interview.

The new president’s strategy comes at a time stakes are high: Hamas held up to 21 Argentine nationals hostage after its October attack in Israel, one of the largest nationalities involved in the assault. Five Argentine captives were among the 11 hostages being freed from Gaza on Monday, La Nacion newspaper reported.

Argentina’s Jewish community — approximately 220,000 people — has also faced violence at home. In 1992, the Israeli embassy in Argentina was bombed. Two years later, a car bomber attacked the AMIA Jewish community center in Buenos Aires, killing 85 people and injuring hundreds in Argentina’s deadliest terrorist attack.

To other observers, Milei’s support for Israel represents more a tilt than a shift in the country’s existing policy.

“His personal passion on the issue, his strong person beliefs, let us anticipate that Argentina’s support for Israel will intensify,” Juan Cruz Diaz, managing director director of Buenos Aires consultancy Cefeidas Group, said. “We’re talking more about continuity than disruption.”
---
Update courtesy of dabbmw2002 in R&P

https://forum.obnoxiousbrutes.com/showt...hp?t=184492353