Except the entire world -- politically and economically -- is intertwined and interconnected.
One difference in Argentina is that the young are more likely to vote Milei. Don't know if its more of a protest vote by choosing an outsider even if he seems crazy or if they are more neoliberal in their outlook.View attachment 89763
Warning from Colombia's president...
i urge anyone interested in why Latin America is such a fucked up place to read or listen to Open Veins Of Latin America, it's over 50 years old now.
Open Veins of Latin America - Wikipedia
en.wikipedia.org
When i was in Argentina earlier this year, the street money exchangers (ie: cambios) were giving around double the official exchange rate for new $100 US bills.devalued their currency from 350'ish to 800 sole to the dollar
~promised not to renew the contracts of public employees who have been in their posts for less than one year, and announced increases in the prices of basic services and public transportation.
~This week, prices in supermarkets have risen by up to 40% after the end of the freeze on costs for basic groceries promoted by Peronism, while the price of fuels has increased by at least 30%.
Javier Milei’s government announces plan to crack down on Argentina protests
The Minister of Security, Patricia Bullrich, has presented a new protocol against street blockades as tension increases over the economic cuts announced this weekenglish.elpais.com
A winning combination
Yes, that's the whole point. Argentina is a poor credit risk so the IMF wants to accelerate repayments.
No offense, but I'm not here to educate you on basic economic principles, much less common sense.
It doesn't take any pesos to repay the IMF; it takes dollars. Devaluing the peso does two things. First it makes Argentina's exports cheaper so there is an expectation that foreigners will buy more Argentinian goods. To do so, they will have to buy pesos with dollars so more dollars enter the country. The second is that it makes foreign goods more expensive (unaffordable) so fewer dollars leave the country. Argentina can use the dollars to pay back the IMF. The end result is a lower standard of living in Argentina. This is why Bolivians threw out their corrupt government when it secretly took out a loan from the IMF. IMF loans f' over the recipients.
To be fair, every Argentinian president and presidential candidate pledges to capture the Falklands. It's never going to happen, but they will continue to pledge it forever.
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