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Don't fear. Milei (and Argentina) will have plenty of other chances for the USA to bail them out with billions more.
Argentina Needs Foreign Exchange Reserves of its Own
The pressure on Argentina’s reserves predated the increase in uncertainty ahead of Argentina’s October election, and it is unlikely to dissipate in full even after Milei’s victory.
www.cfr.org
Don't fear. Milei (and Argentina) will have plenty of other chances for the USA to bail them out with billions more.
Argentina Needs Foreign Exchange Reserves of its Own
The pressure on Argentina’s reserves predated the increase in uncertainty ahead of Argentina’s October election, and it is unlikely to dissipate in full even after Milei’s victory.
USA helped Milei get reelected. If the exchange rate got too bad on Election Day it wouldn't have looked good. Surprising they jumped out so quickly.
I don't trust most politicians. Many have turned on Trump. Just look in NYC what happened with the city electing that Mayor. Trump's endorsement hurt and people would rather vote in a socialist.
Argentine economists believe the US Treasury has already sold its pesos - Buenos Aires Herald
A Central Bank balance sheet indicates that the currency swap between both countries may have been activated, prompting economists to demand transparency
buenosairesherald.com
VINO
Well-known member
So in other words did Argentina go even more into debt with this secret deal?Argentine economists believe the US Treasury has already sold its pesos - Buenos Aires Herald
A Central Bank balance sheet indicates that the currency swap between both countries may have been activated, prompting economists to demand transparencybuenosairesherald.com
Unfortunately many younger generations will vote more like this in the future. It will be a sad trend. They feel like they have nothing to lose and they want free stuff.
old fart
Active member
Mission accomplished for Trump to get Milei re-elected. Some people say it didn't matter but it did. Without the USA backstop the exchange rate would have skyrocketed before the election which would have signaled distress. USA Treasury sold $2 billion USD in the foreign exchange market then grants a credit to the Central Bank of Argentina via a swap so that it can sell their dollars without causing a jump up in the exchange rate in the market and left a debt to the Central Bank of Argentina pocketing a big profit.
Markets are all manipulated here.
i think el queso said that way back money does not need to change hands if mission acomplished. agree it had a desired result no matter how it was accomplished. bingo mayors have no power only in their city and its usually put to a vote. remember london has a muslim mayor. the other options in ny weren’t great
i would welcome a definition on socialism. when i went to school a socialist government was one that controlled the major corporations and democracy was wide open to free enterprise.i see alot of different versions of socialism and whats claimed to to democracy. can’t be houses of congress and elections. are you a socialist government if you nationalize companies?
Blockchain
Well-known member
Socialism means different things to different people. Some people think socialism and communism are the same. Just asked ChatGPT and gave this answer.
Socialism today is a bit like a word that has lived several lives. It gets dragged into debates, slapped onto memes, and stretched like pizza dough until it barely resembles its original shape. But underneath all the noise, it still has a core idea.
Here’s the clearest, modern-day way to understand it:
✅
What Socialism Means Today
At its center, socialism is an economic philosophy that says:
Think of it as the belief that some things should work like a public library rather than a private amusement park.
✅
Key Ideas in Modern Socialism
Most versions today emphasize:
- Stronger safety nets (healthcare, pensions, unemployment support)
- Reduced inequality through taxes and public programs
- Worker protections (unions, collective bargaining, labor standards)
- Public ownership or heavy regulation of major industries
- Market participation but with the government playing a larger role than in pure capitalism
✅
What Socialism Is Not (in modern use)
To clear away decades of confusion:
- It is not abolishing all private property
- It is not the government controlling everything
- It is not automatically authoritarian
- It’s not the same as communism
✅
Examples of “Socialist-ish” Systems Today
Most real-world systems are blends, not pure ideologies. Examples often cited:
- Sweden: strong welfare state + thriving private market
- Denmark: free education + flexible labor markets
- Canada: single-payer healthcare + capitalist economy
- Germany: social market economy with strong worker representation
✅
Why the Definition Has Drifted
The term now gets used in three big ways:
- Economic philosophy (public ownership + equality)
- Policy style (universal programs, welfare, labor rights)
- Political insult (catch-all for “I don’t like that policy”
That third one is why the word can feel foggy — different groups use it differently.
✅
Short, modern definition
Socialism today means a political and economic approach that aims for fairness and shared prosperity by expanding public services and giving the government a bigger role in key sectors, while still allowing markets and private property to exist.
Uncle Wong
Well-known member
Socialist is thrown around quite a bit today. Look at the new mayor of NYC if you want to see a socialist.
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