trump bait and switch

[VINO]

You will like this video @jbeas176

Billionaires bailing out billionaires is what it sounds like.

 

[Uncle Wong]

I think we're from the same generation and would disagree that there was any sleight of hand. With all due respect I think you misunderstood or misinterpreted what the US committed to and how swap programs work. It was very clear to me what they were trying to accomplish and they stood behind their promise until it wasn't necessary any longer.

This seems to be the case. In the end I don't know how many voters were really affected by what Trump did. Maybe I am wrong.
It seems to be also about China and US wanting to take some more control over China's dominance in the region.

You will like this video @jbeas176

This was a good video.

 

[CraigM]

This seems to be the case. In the end I don't know how many voters were really affected by what Trump did. Maybe I am wrong.
It seems to be also about China and US wanting to take some more control over China's dominance in the region.


This was a good video.

That is a good video, I was bracing myself for one of those whacko conspiracy theories but I thought he got the overall story right.

I'm not a big fan of Obama's but I disagree with Bessent's criticism that he missed the LatAm opportunity. Obama took office with the GFC in full swing and all anyone cared about was stabilizing the economy for his first term, and any foreign policy initiatives were about mending fences after going to war with Iraq under false pretenses. There just wasn't much of an appetite for meddling in other countries with taxpayer dollars. China wasn't as big a threat then either.

 

[jbeas176]

great vidio. i understand everything he said but now have an explanation on how it happened. the us dollar as the main currency has been waining for along time. the tariffs and sanctions have caused countries to trade amongst themselves with their own currencies. been going on during trump 1 and increaseing during trump 2. like the lessons i learned in argentina. put an obstacle in front of business they will find a way around it. hopefully its not too late. russia india iran china have been working around it for the last 4 years. wake up us. again thanks for the video

 

[jbeas176]

and lets not forget the banks in england and germany were complicit in exchanging whatever currency.

 

[jbeas176]

so lets recap this. the us promises 40 billion before the election. in reality they have no money in the game through a fund that is supposed to help forgein countries in finanial crisis. they plege 40 billion before the election. lla wins. the peso goes up temporarily and the market goes 30 percent. besset and his friends get to cash out on bonds they bought for 25 cent on the dollar. milei wins and so does bessets friends. as stated by bessit the us did not lose money. looks like after they bought 2 billion the peso went up allowing them to sell at a profit. all this is supposed to get the yuan out of your banks. the us dominace on trade currency has been waning for a long time.if you trade with the us you need to use the dollar. outside of that, you lost your dominance. so johnny come lately thinks he can make a difference in argentina with a profit only for the hedge funds. sorry i have been following this for along time. slide of the hand and the financial people win. tell i am wrong. i am not adraid to admit i am wrong. respect all opinions

 

[CraigM]

so lets recap this. the us promises 40 billion before the election. in reality they have no money in the game through a fund that is supposed to help forgein countries in finanial crisis. they plege 40 billion before the election. lla wins. the peso goes up temporarily and the market goes 30 percent. besset and his friends get to cash out on bonds they bought for 25 cent on the dollar. milei wins and so does bessets friends. as stated by bessit the us did not lose money. looks like after they bought 2 billion the peso went up allowing them to sell at a profit. all this is supposed to get the yuan out of your banks. the us dominace on trade currency has been waning for a long time.if you trade with the us you need to use the dollar. outside of that, you lost your dominance. so johnny come lately thinks he can make a difference in argentina with a profit only for the hedge funds. sorry i have been following this for along time. slide of the hand and the financial people win. tell i am wrong. i am not adraid to admit i am wrong. respect all opinions

I don't know about "wrong" but I'd say that's a pretty glass-half-empty view of things. Kind of funny that two people could watch the same video and come away with such different viewpoints 🙂

 

[lemonade]

so lets recap this. the us promises 40 billion before the election. in reality they have no money in the game through a fund that is supposed to help forgein countries in finanial crisis. they plege 40 billion before the election. lla wins. the peso goes up temporarily and the market goes 30 percent. besset and his friends get to cash out on bonds they bought for 25 cent on the dollar. milei wins and so does bessets friends. as stated by bessit the us did not lose money. looks like after they bought 2 billion the peso went up allowing them to sell at a profit. all this is supposed to get the yuan out of your banks. the us dominace on trade currency has been waning for a long time.if you trade with the us you need to use the dollar. outside of that, you lost your dominance. so johnny come lately thinks he can make a difference in argentina with a profit only for the hedge funds. sorry i have been following this for along time. slide of the hand and the financial people win. tell i am wrong. i am not adraid to admit i am wrong. respect all opinions

No doubt to me that Bessent bailed out his hedge friend pals. But that doesn't mean he just did it for that reason. He also wanted to help out Argentina.

I don't know about "wrong" but I'd say that's a pretty glass-half-empty view of things. Kind of funny that two people could watch the same video and come away with such different viewpoints 🙂

I think you both can be right. That video was good and it made a lot of different points. One was that the US was bailing out the hedge fund guys and another was it wanted to help Milei and also the USA wanted to halt China's expansion in Argentina. So both of you can be right.

 

[CraigM]

and also the USA wanted to halt China's expansion in Argentina. So both of you can be right.

Not in Argentina but across Latin America. Argentina by itself is not that big a deal and it's very far from the US. It's the region they care about.

I think it's very possible, maybe even likely that Bessent's former colleagues knew what the US was planning to do in Argentina and placed their bets accordingly. I think you have to have a very dim view of government and humanity to say it was for that reason alone or even a major motivating purpose.

 

[TonyTigre]

1. It is no secret that Trump wants to protect the dollar's role in global trade.

2. Argentina was on the verge of joining BRICS, which among other things is an alliance that will clearly become a threat to the dollar.

3. It was only because Milei became president of Argentina that Argentina decided not to join BRICS. If Masa had won, Argentina would have joined BRICS.

4. It is no secret that the US would help Argentina financially to make sure Milei stays in power for multiple reasons...including protecting the dollar's role, but also for the country's natural resources and strategic location. While it is in Argentina's interest to continue to have China and the US to continue courting it, the US definitely cannot afford to let Argentina join BRICS.

5. The administration would have done the same thing regardless of whether any of Bessent or Trump's associates owned Argentina bonds. The fact that those fund managers are holding those bonds in the first place might in part be due to their understanding of points 1-4 above. That understanding is likely cemented by being able to have direct conversations with the people in the administration. It doesn't mean any material non-public info was passed along, but it can confirm the certainty of the public info.

6. Yes, every decision by the federal government will result in winners and losers, and some people can profit from it if they have the right connections and see it coming earlier than others...and are willing to take some risks. That is true no matter who or what party is in control.

7. There was nothing dishonest or illegal about the strategy used by Bessent. There was no 'bait and switch.' What was necessary was done and what wasn't necessary wasn't done.

8. For anyone who lost money betting against Milei's party and the Argentina related stocks by attacking the peso, they have learned that when you try to manipulate a market, make sure you are prepared for the other side doing the same and they might have deeper pockets.

9. The US should go one step further and proactively help Milei dollarize Argentina. If Milei is able to form new alliances, the dollarization plan is still possible. It's also one way of ensuring Argentina doesn't revert back to some bad habits in future years. It would be a win-win for both the US and Argentina.

 

[Betsy Ross]

That is a good video, I was bracing myself for one of those whacko conspiracy theories but I thought he got the overall story right.

I'm not a big fan of Obama's but I disagree with Bessent's criticism that he missed the LatAm opportunity. Obama took office with the GFC in full swing and all anyone cared about was stabilizing the economy for his first term, and any foreign policy initiatives were about mending fences after going to war with Iraq under false pretenses. There just wasn't much of an appetite for meddling in other countries with taxpayer dollars. China wasn't as big a threat then either.

Seems like many these days have some whacko agenda. Also I noticed some fake AI videos too. Crazy times we are living in.

1. It is no secret that Trump wants to protect the dollar's role in global trade.

2. Argentina was on the verge of joining BRICS, which among other things is an alliance that will clearly become a threat to the dollar.

3. It was only because Milei became president of Argentina that Argentina decided not to join BRICS. If Masa had won, Argentina would have joined BRICS.

4. It is no secret that the US would help Argentina financially to make sure Milei stays in power for multiple reasons...including protecting the dollar's role, but also for the country's natural resources and strategic location. While it is in Argentina's interest to continue to have China and the US to continue courting it, the US definitely cannot afford to let Argentina join BRICS.

5. The administration would have done the same thing regardless of whether any of Bessent or Trump's associates owned Argentina bonds. The fact that those fund managers are holding those bonds in the first place might in part be due to their understanding of points 1-4 above. That understanding is likely cemented by being able to have direct conversations with the people in the administration. It doesn't mean any material non-public info was passed along, but it can confirm the certainty of the public info.

6. Yes, every decision by the federal government will result in winners and losers, and some people can profit from it if they have the right connections and see it coming earlier than others...and are willing to take some risks. That is true no matter who or what party is in control.

7. There was nothing dishonest or illegal about the strategy used by Bessent. There was no 'bait and switch.' What was necessary was done and what wasn't necessary wasn't done.

8. For anyone who lost money betting against Milei's party and the Argentina related stocks by attacking the peso, they have learned that when you try to manipulate a market, make sure you are prepared for the other side doing the same and they might have deeper pockets.

9. The US should go one step further and proactively help Milei dollarize Argentina. If Milei is able to form new alliances, the dollarization plan is still possible. It's also one way of ensuring Argentina doesn't revert back to some bad habits in future years. It would be a win-win for both the US and Argentina.

This was excellent Tony. Information is always power and probably will make you money in the long run. That is the same whether you are in Argentina or the USA or China or anywhere.

I was wondering exactly what you mentioned Tony if the USA would loan Argentina enough money to dollarize. But I read some accounts that Argentina would need $80 billion. I am not sure if that is accurate or not. That is a lot of money when they are already in so much debt.

 

[Finance Prof]

1. It is no secret that Trump wants to protect the dollar's role in global trade.

2. Argentina was on the verge of joining BRICS, which among other things is an alliance that will clearly become a threat to the dollar.

3. It was only because Milei became president of Argentina that Argentina decided not to join BRICS. If Masa had won, Argentina would have joined BRICS.

4. It is no secret that the US would help Argentina financially to make sure Milei stays in power for multiple reasons...including protecting the dollar's role, but also for the country's natural resources and strategic location. While it is in Argentina's interest to continue to have China and the US to continue courting it, the US definitely cannot afford to let Argentina join BRICS.

5. The administration would have done the same thing regardless of whether any of Bessent or Trump's associates owned Argentina bonds. The fact that those fund managers are holding those bonds in the first place might in part be due to their understanding of points 1-4 above. That understanding is likely cemented by being able to have direct conversations with the people in the administration. It doesn't mean any material non-public info was passed along, but it can confirm the certainty of the public info.

6. Yes, every decision by the federal government will result in winners and losers, and some people can profit from it if they have the right connections and see it coming earlier than others...and are willing to take some risks. That is true no matter who or what party is in control.

7. There was nothing dishonest or illegal about the strategy used by Bessent. There was no 'bait and switch.' What was necessary was done and what wasn't necessary wasn't done.

8. For anyone who lost money betting against Milei's party and the Argentina related stocks by attacking the peso, they have learned that when you try to manipulate a market, make sure you are prepared for the other side doing the same and they might have deeper pockets.

9. The US should go one step further and proactively help Milei dollarize Argentina. If Milei is able to form new alliances, the dollarization plan is still possible. It's also one way of ensuring Argentina doesn't revert back to some bad habits in future years. It would be a win-win for both the US and Argentina.

^^^^ This. Excellent.

 

[oil rush]

That is a good video, I was bracing myself for one of those whacko conspiracy theories but I thought he got the overall story right.

I'm not a big fan of Obama's but I disagree with Bessent's criticism that he missed the LatAm opportunity. Obama took office with the GFC in full swing and all anyone cared about was stabilizing the economy for his first term, and any foreign policy initiatives were about mending fences after going to war with Iraq under false pretenses. There just wasn't much of an appetite for meddling in other countries with taxpayer dollars. China wasn't as big a threat then either.

Agree different times and different battles. China has come a long way since then too.

 

[jbeas176]

i did not know about the BRICS dynamic. i want to thank all that participated and respect all you views. this is my first thread that got legs. thanks again

 

[jbeas176]

my only regret is this was a 10 persenter conversation. i want whats best for the less fortunate and will always support their causes