Argentina’s libertarian president, Javier Milei, is the lucky winner of $40 billion that Donald Trump managed to conjure from thin air. Less lucky are the Americans who rely on the government programs Trump has gutted to be able to “save” that sum.
Dems need to tie the money to Argentina directly to the the loss of the Obamacare subsidies - you are losing your health care so Trump can just give away the money to a foreign country who kisses his ass instead.
All Americans on Obamacare will be getting letters before Nov 1 informing them of the enormous increase in their health care premiums, including a LOT of MAGAs. Dems need to drill it home to those MAGAs that the reason they will be paying many times more for health care, or losing it altogether, is because they’re money went to Argentina.
Why Argentina? Maybe because Argentina has a strong history of offering sanctuary to Nazis, and Trump is just buying access for when everything inevitably melts down.
Argentina and Israel have universal healthcare for their citizens….yet we send them billions
That little guy with the hair beside trump was on stage at one of Elon Musk’s “rallies” not too long ago. Something smells like rotten fish here.
Argentina, isn’t that where all the Nazis fled to after the Second World War?
Trump needs a plan b
Hey. Hey.
Y’all remember when he closed USAID for sending too much taxpayer money overseas?
USAID’s budget was fucking $44 billion to work in 130 counties.
Now T is sending that all to one guy. Literally one guy.
In other words, our taxes now pay for health care for Argentinians, not Americans. Despite the fact that they are claiming the current shutdown is because they don’t want our taxes paying for non-Americans getting health care. Make it make sense.
Israel gets free health care too!
Healthcare for Argentina? Milei is destroying public welfare. That’s for other oligarchs. $40B in exchange of… Well, Milei is acting unhinged and won’t explain, but probably lands, water, lithium. Trump bought something, we just don’t know what yet.
oh, this is not to pay for health care. it is to sustain the carry trade scam that both the american and argentinan goverment are involved in.
So more like “wealthcare” than healthcare.
I’m appalled I haven’t heard the word wealthcare before.
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Totally random, nothing going on here…
this is what election interference looks like
Well they have to flee somewhere when shit hits the fan.
I’m surprised i didn’t think of this but that does sound exactly like what they’re doing.
Or slushing money away through corrupt channels and pocketing it themselves.
Bush Doctrine says we follow them to finish the job this time.
America first? More like Argentina and Israel first
If it helps, here in Argentina, Mr Milei is all in for Israel first
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Can somebody please clarify the actual transaction here? We’re not simply giving Argentina this money. It’s a swap or a loan, right? Who know if/when they’ll pay it back, but I think it should be clarified.
Hell we don’t even know where the money is coming from (our Government is shut down right now, remember?) let alone what form the transfer will take.
So, I haven’t been getting any answer here myself but in general here’s what has been happening.
Aregentina’s…idk president? Has been cutting their social program funding and regulation for the last year or two. It’s wildly unpopular in his country.
Those cuts in regulation inflated their currency value for a bit but it was temporary.
Now, Aregentina is coming up on an election and the president is at risk of loosing and having his policies reversed.
So this money…it’s not actually going anywhere or for anything specific. It’s a currency swap. We are kind of giving them a loan. Just giving them money.
Because. Again. The Argentinian President cut tons of stuff and artificially inflated his currency with deregulation.
So Trump sending him money is like a bandaid to get him through his election.
He can point to this influx to show that “his policies are working.” They’re not. Argentina has had unstable currency for ages.
He’s stealing from Peter to pay Paul.
But this is complicated money science and I can’t explain in technical terms but that is the jist of it.
I mean, it could work. Javier Milei, The Argentinian President, is trying to get external investors to pump money into he economy so, if nothing else Trump giving him this money signals that he has America’s support.
Argentinia also just had a big win with soybean contracts and China.
But in the short term he’s essentially doubling down using a loan from his American pal.
Thanks for the details but as I understand it it’s swapping US for Argentinian currency that then needs to be paid back? So I guess it’s technically giving money in the sense that Argentinian currency is trash?
Yeah pretty much. See this is where it starts getting into money theory and I’m a few years out of my economics and finance classes.
But much like stocks and bonds currency swap also deals with interest and growth rates. It’s a high-scale ‘loan.’ (But not technically a loan.) Loan-like.
It doesn’t need paid back exactly but if one parties money becomes garbage then it does start to feel like a loan.
We are getting pesos in exchange, but again. The peso is risky. If it grows then you can argue we didn’t loose any money. But we have to hold the pesos to help stabilize it’s value.
Since it’s Trump, I’m guessing it’s buying support. Or Argentina got a copy of that Russian video where Trump is urinating on a child in a hotel room and they decided to blackmail him.
Huh. I guess our tax dollars are going to pay for non citizen’s healthcare.
Buddy really went to his barber and asked for the 1960’s psychedelic rock cut
It’s because Trump and Milei have the same boss.
