Posted on 05/23/2024 11:01:16 AM PDT by billorites
As he campaigned for president of Argentina last year, Javier Milei brandished a chainsaw as a symbol of the ferocity with which he intended to slash the country's massive public sector. Again and again he told voters that Argentina's economy had been wrecked by corrupt and irresponsible left-wing governments and warned that there was no easy fix to the chaos caused by decades of unaffordable state spending financed by endlessly borrowing and printing money. A trained economist, Milei outlined what he called his "Chainsaw Plan" — a drastic reduction in the cost and scope of the government and a frontal assault on the power of Argentina's entrenched political class.
The self-described "anarcho-capitalist" appalled his critics, who smeared him as a "wannabe fascist" and a "mini-Trump" whose simplistic solutions would wreak "devastation" on Argentina. But voters weren't deterred. They elected Milei in a landslide, giving him the chance to show what he could accomplish with a chainsaw and public support but very little parliamentary or institutional backing.
In his inaugural address on Dec. 10, the new president pulled no punches.
"We neither seek nor desire the tough decisions that will have to be taken in the coming weeks, but we have been left with no choice," he said. "There is no money [and] no alternative to austerity and shock. . . . It will not be easy. One hundred years of failure cannot be undone in one day." But if Argentinians would have patience, he promised, they would see that more freedom would revive what more government had only worsened.
It is hard to overstate how grim Argentina's situation is. Its inflation is the highest in the world. As Milei came to office in December, prices were soaring at a rate of 25 percent — per month.
(Excerpt) Read more at jewishworldreview.com ...
“Read it all.”
Thank you for that admonition. I needed it myself.
Yep, cut government in half, that's a good solution.
“Traders are going all in on the Argentine peso, making it, incredibly, the best-performing currency in the world in investment markets.”
I’ll have to look into this!
I recall buying Australian AAA Government bonds in the 80's when their currency was getting stronger, 20+% returns.
I will have to consider moving to Argentina if this keeps up.
Imagine ! A national government run by a sane leader !
Does anyone here have any friends or family on the ground in Argentina who can verify if theres been a real change or if the media has been blowing smoke as they usually do?
The more this works the more the globalists will have to do something about him. They simply CANNOT have someone doing it as the rest of the world might see it, and follow suit.
The usual approach for the globalists is to set up a cutout for an assassination.
Done, but you had me at “chainsaw”.
In the US we have 13 different “means tested entitlement programs” each administered be a different department. By just merging them all into one office, we could lay off a ton of bureaucrats. By putting a total per-household cap on them, we could save a bunch of money
I wrote this in Sep 2021 (and far before)
It's TIME to #DownSize_DC!
Restore the Constitution!Size DC!
Close entire Rogue/Un-Constitutional Departments, including their SWAT Teams.
We could eliminate 1/2 of all the jobs in Washington DC, and Nobody outside of DC would ever miss them.
“I recall buying Australian AAA Government bonds in the 80’s when their currency was getting stronger, 20+% returns.”
I hope you got rid of them before the Australian dollar tanked.
Yep, sold inside a year.
86 to 88 or something when it was moving up
Yeah, Argentina gives us another go with right wing government. Hopefully they don’t pendulum back to communism.
but I love his hair.
“The more this works the more the globalists will have to do something about him.”
Don’t think so.
Right now, the elite are busy dying. Klaus Schwab just left the hospital with a death sentence. I expect more of these narcissists to be gone soon, including Gates and Soros.
The elites are also getting hit with the Havana syndrome that’s scrambling their mental acuities. Don’t know what to make of it yet, but the elites are in a panic because the malady seems to target them exclusively.
If you want the government explanation, which I don’t give much credence to, I can drop a link.
lol... looks like Don McLean...
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