https://www.cnn.com/2023/10/23/business/javier-milei-argentina-dollerization-explainer/index.html
Such a move would effectively disband Argentina’s central bank, handing the reins of monetary policy — that is, the power to set interest rates and print more money — over to the US Federal Reserve. The Fed would continue to set the cost of borrowing based on the needs of the US economy, not Argentina’s.
Milei has argued that surrendering autonomy to Washington is a necessary step to instil discipline into Argentinian policymakers. It would mean Argentina would no longer be able to print money.
Kjjj, okay that was a bit overreact, but yeah up until now I didn’t wanted to believe it being something real cuz c’mon how stupid the people can be.
The two candidates for the ballotage are this disgusting gnome and a slimmy neolib dipshit that the succdems surrendered their whole fucking party to. So it’s either a shit candidate or apocalypse hastened by your local incel. So it’s the 2016 yank elections but worse.
What are the chances of this cum goblin to win? High, there’s some hope, but sadly high.
Whose fault is all this? The succdems, for their incompetence and unwillingness to do cool things, like lining up every single Clarin journalists (our local private media conglomerate) against a wall. They should have done that back in 2013 anyways.