Posted on 10/14/2025 11:12:33 AM PDT by E. Pluribus Unum
LIVE: Donald Trump Welcomes President Javier Milei | Trump's $20 billion Gift to Argentina | N18G
(Excerpt) Read more at youtube.com ...
Excellent. I’m watching the news conference now.
I heard it’s not a gift - we bought their bonds
I know some Argentinians who say this has nothing to do with “the market.”
Rather, Argentina’s corrupt Personists/Kirchnerites were using some connected crony banks to create a run on Argentina banks and manufacture and economic crisis, to embarrass Milei and perhaps delay investigation of Cristina Kirchner’s vast crony corruption network. It’s short-term political warfare.
And Trump stepped in to help Milei with his fight.
I’m assuming no relation to his son in law, Kirshner?
Which is worth zero IF Argentina defaults again.
Which they’ve done 9 times and most recently in 2019... not even counting the *21 times* they’ve gotten an IMF bailout to prevent a default (and also leads to some haircuts).
Hey, I’m the now hated conservative globalist (or what do certain people like call folks like me? globohomo is it?) who *does* believe in global integration, global trade, and is also OK with geopolitical matters overriding the financial risk.
But even globalist me would be more than a bit concerned about a currency swap essentially predicated on Argentina *not* defaulting again.
Argentina is the international equivalent of a subprime borrower with a long history of defaults.
I don’t like when people compare international finance to personal finance, but in this case? No way I’m shoring up a country like Argentina without some heavy upside guarantees. And they just don’t exist here.
This is the equivalent of extending someone with a credit score of 500, with a recent bankruptcy, already sporting a debt ratio approaching 100% (after you already default just 6 years ago!!!!!) a prime rate loan.
He’s lost his mind. I like Argentina, but good god, WE ARE BROKE. No, actually we need to find 37 trillion before we can claim to be broke.
That is an amount equal to 400 million per state. And then throw in 21 Billion to Israel since Oct 7. And 90 billion plus to Ukraine.
The madness has to stop and MAGA needs to actually mean normal American people come first. I would literally prefer to find 500 random people in every state and give them a million bucks each than give it to snotty ingrate foreigners.
At least they would buy cars, houses, watches, TVs and bar tabs.
Buying Argentine government bonds, historically that sounds like a very safe bet./s
Of the 10 largest sovereign debt defaults in world history — 3 of them are Argentine.
2001, 2014, and 2019/20.
In a world where Greece exists - and their 2012 default is the largest in history.... it’s amazing to me that Argentina is far and away the *worst* bet in the world. And it is.
If folks want to give Milei *aid* because he *does* sound like the first person in Argentinian history actually trying to fix a multi-century basket case? That’s fine.
But please.... let’s not pretend it’s anything other than a gift.
We can bet a fine bottle of scotch or whatever - but I’ll bet good money that 20b in US dollars just went *poof*.
I feel for Milei - he’s trying to fix a problem that has been near eternal. And again - globohomo, remember! - I don’t even mind trying to help.
But the underlying numbers are what they are... and all we did was shore up Argentina for a bit. Maybe a few years if everything in the world goes *really well*, but more likely? More like a year before it all just goes poof.
Best case scenario is that the 20b ends up being maybe 17-18b lost.
https://www.biometricupdate.com/202409/argentina-telcos-seal-deal-for-biometric-id-verification-with-govt-agencies (September 2024)
Argentina telcos seal deal for biometric ID verification with govt agencies
Argentina’s national communications and media regulator (ENACOM) and the National Registry of Persons (RENAPER) have concluded a deal with telecommunications service providers in the country to easily verify their customers’ digital ID.
According to an announcement, the deal means that Movistar, Personal and Claro mobile telephone companies will streamline ID verification using RENAPER’s database through fingerprints and face biometrics matching.
RENAPER provides access to its database for identity verification from approved vendors, such as for biometric verification with Jumio, which requires an ID number and selfie biometrics to be provided as inputs. Incode is also among identity verification providers the registry has approved.
The recent deal with the telcos is the extension of an existing partnership by a year and it aims to provide proper identity verification for all telephone lines in the country as part of government efforts to curb crime and enhance national security.
Per the agreement, the companies are required to pay a fee for each identity verified and they are prohibited from sharing with another party or misusing any data they have access to, in line with provisions of Argentina’s personal data protection regulation.
The move is in line with a regulation on the identification of users of mobile communication services approved by ENACOM recently which makes it compulsory for all mobile telephone users to be identified.
Early last year, ENACOM directed all telcos in the country to collect face biometrics from those seeking to buy a new SIM card. The agency said at the time that the move is part of efforts to stem crime perpetrated through mobile networks.
Argentina, meanwhile, launched a new national ID card last December with enhanced functionalities including digital ID, digital signature, access to online services, digital certification, and QR code cryptography.
As reported at the time, the new ID card is part of efforts to improve the quality and security of travel credentials, facilitate movements of persons and reduce instances of identity fraud.
further..
https://www.worldcoinindex.com/news/-world-s-biometric-id-project-finds-unprecedented-success-in-argentina-amid-regulatory-pushback (November 2024)
World’s Biometric ID Project Finds Unprecedented Success in Argentina Amid Regulatory Pushback November 2024
Argentina has emerged as the leading adopter of World, the biometric ID project, boasting over 2.2 million registered users. This accounts for a significant share of the project’s 7 million global users, underscoring the platform’s popularity in the region. Despite regulatory scrutiny, World continues to expand its presence in Argentina, seeing the nation as a cornerstone of its growth in Latin America.
The company’s appeal lies in its unique incentive system, offering its official token, WLD, to users who register their biometric data. This strategy has resonated strongly with Argentine citizens, propelling the country to the forefront of the project’s adoption.
However, the project has not been without controversy. Argentine regulators fined World $200,000 for violations of the National Consumer Defense Law following an investigation into its practices. Despite this, the company has pushed forward, launching an ambitious expansion in June that introduced over 50 orbs—devices used for iris scans—across ten cities. These efforts included educational hubs aimed at raising awareness about the project’s goals.
In a bid to streamline the registration process, World recently initiated a home-based iris scanning pilot in partnership with Rappi, a leading delivery service in Latin America. This program allows users to register from the comfort of their homes, further enhancing accessibility. While the pilot is currently exclusive to Argentina, it has sparked concerns in neighboring Chile, where data protection authorities are scrutinizing Rappi’s involvement.
Additionally, World has announced plans to sell orbs to third-party entities, enabling them to conduct registration campaigns. These intermediaries will earn a commission based on the number of users registered, signaling a decentralized approach to scaling the project.
Beyond Argentina, World is making inroads elsewhere in Latin America, recently launching operations in Brazil. The company unveiled ten orb locations in São Paulo, marking another milestone in its regional expansion.
Despite regulatory hurdles, Argentina remains a pivotal market for World, exemplifying both the opportunities and challenges of scaling a biometric ID system in a dynamic landscape.
So the entire world now is one big creepshow ☠️ 👁
https://www.biometricupdate.com/202510/jpmorgan-chases-new-manhattan-headquarters-will-require-biometric-entry (October 10, 2025)
JPMorgan Chase’s new Manhattan headquarters will require biometric entry
When employees begin reporting to JPMorgan Chase’s new Manhattan headquarters later this year, they will be required to submit their biometric data to enter the building. The policy, a first among major U.S. banks, makes biometric enrollment mandatory for staff assigned to the $3 billion, 60-story tower at 270 Park Avenue.
JPMorgan says the system is part of a modern security program designed to protect workers and streamline access, but it has sparked growing concern over privacy, consent, and the expanding use of surveillance technology in the workplace.
Internal communications reviewed by the Financial Times and The Guardian confirm that JPMorgan employees assigned to the new building have been told they must enroll their fingerprints or undergo an eye scan to access the premises.
Earlier drafts of the plan described the system as voluntary, but reports say that language has quietly disappeared. A company spokesperson declined to clarify how data will be stored or how long it will be retained, citing security concerns. Some staff reportedly may retain the option of using a badge instead, though the criteria for exemption remain undisclosed.
The biometric access requirement is being rolled out alongside a Work at JPMC smartphone app that doubles as a digital ID badge and internal service platform, allowing staff to order meals, navigate the building, or register visitors.
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