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Posted on 10/30/2025 8:47:00 AM PDT by Mount Athos
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Now go take the Malvinas back. 😈
I do recall Milei wanting to ‘dollarize’ the currency. Does that mean the currency will change? I’d be a lot more convenient for tourists. I do believe Panama uses the dollar.
Investing in Argentina.... historically an amazing bet. Hint, if it was “investing”, the big banks would be buying all they could.
Trump as the dealmaker would see $20 billion as a cheap investment toward those ends. My take as to his overall strategy is that the squeeze is on with Brazil as key to breaking BRICS and Dumping Maduro along the way as a bonus. We'll see what the Chinese do in response. Russia's move in Nicaragua is certainly a wake-up call in that regard.
He won’t speak English anyways...
I used to be a more purist libertarian. In this case, we might say "why should we subsidize Argentina and their failed policies?"
But I started to realize years ago that while we sit back and say "let nature take its course and common sense and virtue will ultimately prevail" there are dark, collectivist forces who are always manipulating and scheming for power, even at the lowest levels - from kindergartens to businesses to national economies.
One can't fight every battle, and often doing "nothing" IS a good policy. So one has to have wisdom about which fights to be involved in - and above all, realize there are often highly organized, evil people, working behind the scenes almost non-stop.
‘Cause they won’t speak English anyways...
We are not “giving”. We are investing. Trump bet big on their election and won.
I visited Argentina many times for business, at least before Milei came to office. I have always told people: "Argentina has to try hard to be poor. And in many ways, they succeed!"
It has/had the same sort of corrupt socialist/crony system that many African Governments have. But unlike Africa, Argentina with its European culture. EU/Christian population/society, and their new-world "cowboy" spirit (not unlike how we Americans view ourselves) people still make a decent life for themselves and a respectable society, in spite of the burden their bloated government and corrupt socialism puts on them.
ok fair points
The short answer is....NO...
Helping out the Argentine President up for election in 2 weeks s a 3d thing. Trump’s action turned “squeaking by” into a massive win.
We gave money and mostly weapons to Ukraine so that they could destroy the Russian army. Putin, with the #2 military in the world has had to ask for North Korean soldiers and weapons.
Ukraine was given its money. That is why Little z has continued to be mad at any hint of pay back.
In the past, the US built military bases and had to curry favor financially with countries. Isn’t it better to encourage a healthy relationship with a country fighting its Deep State, with just an exchange, rather than so much more?
This is an excellent deal. It is along the lines of paying African countries to house our illegals. We are paying to wipe out a Deep State and support sanity in a reasonably-sized country that is an ally.
With Israel, we give without assuring anything comes back. We generally hope the money is used well with an ally.
“Yes, and no, the U.S. government, under the Trump administration, agreed to provide a $20 billion financial package to Argentina in October 2025.
However, this is not a direct gift or grant but a currency swap agreement, which functions as a loan.
Under this arrangement, the U.S. exchanges U.S. dollars for Argentine pesos to help stabilize Argentina’s currency and economy.
The funds are drawn from the U.S. Treasury’s Exchange Stabilization Fund, which can be used without congressional approval.”
Thankyou for the explanation. People can ‘debate’ on it, but 20 billion currency stabilization loan is better than another drug running narco terrorist ‘socialist’ utopia. This is probably the best 20 billion dollar ‘loan’ in recent history as it could help a country transition from disastrous socialism/fascism to a healthy economy.
With Milei's party winning, we actually stand to make money on the deal.
The US Treasury Department has indeed finalized and signed a $20 billion currency swap agreement with Argentina’s central bank as of October 2025, aimed at providing dollar liquidity to stabilize the Argentine peso amid the country’s ongoing economic crisis.
pbs.org +2
This is not an outright gift but a temporary exchange where the US provides dollars in return for pesos, with an agreement to swap back at a later date—essentially a short-term loan from the Treasury’s Exchange Stabilization Fund to prevent a deeper currency collapse.
snopes.com +1
Treasury Secretary Scott Bessent has emphasized that this is not a bailout and that US taxpayers won’t lose money, as the deal includes safeguards like interest and collateral expectations.
cnn.com +1
The agreement was contingent on Argentine President Javier Milei’s party performing well in the October 26, 2025, midterm legislative elections, which served as a referendum on his libertarian reforms.
pbs.org +1
Milei’s La Libertad Avanza party secured a decisive victory, gaining a stronger mandate in Congress, so the deal is proceeding without that hurdle.
reuters.com +2
There’s also talk of an additional $20 billion from private sector sources (e.g., banks and sovereign wealth funds), which could bring the total package to $40 billion, though the private portion remains uncertain due to challenges in securing collateral.
snopes.com +2
This move by the Trump administration is driven more by geopolitical strategy than pure economics: It bolsters Milei as a key ally, counters China’s growing influence in Argentina (particularly in lithium and infrastructure), and addresses fallout from US-China trade tensions, where Argentina has benefited from increased soybean exports to China at the expense of US farmers.
pbs.org +2
Critics, including Democrats like Sens. Elizabeth Warren and Amy Klobuchar, argue it prioritizes foreign aid over domestic issues like the US farm crisis and risks entangling the US in Argentina’s chronic debt problems without solving root causes.
pbs.org +1
As of October 30, 2025, the $20 billion from the US is available and active, with the US already buying pesos on the open market to support the arrangement.
buenosairesherald.com +1
Every idiot is entitled to his opinion.
It is important to the U.S. interests in the region that South American politicians like the leader of Argentina succeed. He is trying to turn around a national economy ruined by decades of Leftist-Peronist rule. It’s worth the U.S. “investment”.
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