Posted on 10/22/2023 10:33:39 AM PDT by DIRTYSECRET
Argentinians go to the polls today, and one can only hope that conservative/libertarian candidate Javier Milei wins Argentina's presidency in a knockout, with enough votes to win free and clear without having to go to a runoff in November. We all know the reason why: His rabid, determined, enemies will have that much less time to plot against him. It might happen.
But it's a nailbiter.
(Excerpt) Read more at americanthinker.com ...
Just think of all the academics and 'experts' that will need to look for another line of work. I'd move down there and take half my nest egg with me.
You had better hold onto your dollars and get some ammunition as well. Argentina is one of those societies that people on prepping forums look to for guidance in what happens during societal collapse. I believe that there is such a think as national character or culture and the Argentines, along with the rest of Latin America, are doomed to failure. The more of that we import into this country, the more you’ll see similar results here.
I’m thinking of the element that was dumb enough to invade the Falklands. Generals losing their grip and doing an invasion to turn the people around. It worked and those elements won’t go away. It sounds like Milei is going to need some Rudy in him, at worst some Allende. He has to strike while the iron is hot. Leftists will break any rule or law, whatever they can get away with as their entire being is threatened.
If successful Javier Milei will bring decades of prosperity. He’s ‘only’ 53 years old-thereabouts. It’s gonna be a tough road. We can only wish him the best.
If they try (like Panama) to just use the dollar I'm not sure how they can since since they can't just print dollars and can't convert pesos to dollars without acquiring the dollars to back them.
I would assume they will convert peso accounts to dollars at a fixed exchange rate and have enough dollars on hand to back their banking reserves and hope there isn't a run on the banks.
Even if individual Argentines have a large amount of dollars in cash or abroad, what will the government do to restore confidence in the banking system so people will deposit them?
“Leftists will break any rule or law, whatever they can get away with as their entire being is threatened”
This. Milei will need a miracle to pull this off. Pretty sure our rats have people down there to work against him.
LOL Confidence in the banking system?? In Argentina?
Maybe 100 years of sound fiscal policy from the government. Nothing less.
New governments-The first thing they have to do is to be ruthless to their enemies. They will be forgiven. If it goes on and on people will get tired fast. It makes me wonder if he can succeed without being heavy handed coming out the gates.
But my point is that there’s a vibrant underground economy. My friends connect me with an off the books broker. I usually received twice as many pesos per dollar than the official bank exchange rate.
Makes a vacation there very affordable. Great food and wine. Helps to have local connections however.
The problem with Argentina? Jews and Italians. Marx and Mussolini.
*Makes a vacation there very affordable. Great food and wine. Helps to have local connections however. *
Ok my friend where to start? Palermo in Buenos Aires? I’d love to be an ‘observer’ amongst American expats. I speak no Spanish.
*The problem with Argentina? Jews and Italians. Marx and Mussolini.*
It’s European so there’s no excuses unless you emphasize they’re Mediterranean types.
Argentina had a terrific economy; in the nineteen twenties it must have led the world in the import of luxury cars. In the nineteenth century such thinkers as Domingo Faustino Sarmiento sought to bring Argentina, kicking and screaming, given its gaucho tradition, into the Western World. It lasted for about 25-20 years. Then the world-wide depression, the massive Italian immigration, coupled with the huge Jewish presence in the city, moved it away from the capitalism that made it the envy of South America, if not the world. When Mussolini followers and Italian instructors took over the military academy the country was doomed. Out of that school and a fascist tradition came Peron. And the fascist/military personality has dominated practically ever since — much to the dismay of the large Jewish community which has been under threat ever since. I wish this new guy well, but the cards are stacked against him.
They need an Argentine version of Pinochet. A benevolent dictator. Remove socialism from the economy. Then once it takes off, bring back democracy. Chile lucked out. That was an exception. Usually something like that would backfire.
Actually, it has been so long since Argentina has had a government that governed, I’m afraid the people have forgotten how a representative government works. The democracy free for all has certainly not been conducive.
Actually, it has been so long since Argentina has had a government that governed, I’m afraid the people have forgotten how a representative government works. The democracy free for all has certainly not been conducive.
I roomed with a Desaparecido that survived
Bookshelf-you seem very knowledgeable on the subject.
Would it be smart to make socialism unlawful for say, 20 years? It would jump start the reforms.
I’d love to move there and get a ‘lodge seating’ apartment in the capital. English language radio programs and an expat community that could be the ‘kitchen cabinet’.
Hopefully ther’dbe no violence.
Let’s hope that won’t be necessary. Note the following: “Whoever of the trio [of candidates] emerges victorious will have to deal with an economy on life support: central bank reserves are empty, recession is expected after a major drought, and a $44 billion program with the International Monetary Fund (IMF) is wobbling.
Milei’s recipe of shock therapy includes pledges to dollarize the economy, shut the central bank, slash the size of government and privatize state entities. He has criticized China, favors looser gun laws, opposes abortion and is anti-feminist.”
I just read Milie is running 2nd meaning runoff. Don’t know what it means-where the #3 vote getter’s votes go.
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