Argentina Out of Control - 254% Inflation is World's Highest, Peso Crashes & Reform Bill Struggles - Joe Blogs

[TexasTowelie]

The recent appointment of Javier Milei has not saved Argentina overnight and the country is facing ECONOMIC MELTDOWN as the PESO continues to be CRASH and be ABANDONED, Inflation is now the highest in the world at 254% and Interest Rates are at 100%. In this video I provide full details of the current situation and discuss the implications for the Economy of Argentina, the people of Argentina and Javier Milei.

Chapters:
0:00 Intro
4:00 INFLATION
6:32 FOOD INFLATION
9:50 INTEREST RATES
12:27 PESO
16:04 REFORM BILL
18:07 REGIONAL CONFLICT
19:21 IMF
21:02 SUMMARY & CONCLUSION

[ancianita]

1. We knew Javier Milei was not going to live up to his populist promises.

Or maybe he has. He's not trump or desantis, but since 2023, he's overseen economic disaster.

https://en.wikipedia.org/wiki/Javier_Milei

Milei is known for his flamboyant personality, distinctive personal style, and strong media presence. He has been described politically as a right-wing populist and right-wing libertarian, and supports laissez-faire economics, aligning specifically with minarchist and anarcho-capitalist principles. Milei has proposed a comprehensive overhaul of the country's fiscal and structural policies....

As inflation rose above 100 percent in May 2023,[75] Milei's position in the polls rose.[76] In June 2023, the markets welcomed Sergio Massa's presidential candidacy, as it polarized the election between the ruling party and Juntos por el Cambio, reducing what was called the "Milei factor".[77] Notable moments in Milei's campaign included a viral video of him tearing cards from a wallboard with the names of ministries that he wants to abolish and tossing them into the air as he said afuera ("out&quot ,[78] wielding a chainsaw on stage,[79] smashing a piñata on air to symbolize his plans, calling Pope Francis "a filthy leftist", and praising American gangster Al Capone as "a hero"...

Milei's victory was celebrated by right-wing figures including Jair Bolsonaro,[84] José Antonio Kast,[84] Ted Cruz,[34...Observers generally saw Milei's win as a sign more of discontent with the status quo than support for his politics,[80] and his victory was likened to Donald Trump's in the United States and Jair Bolsonaro's in Brazil.[97][98] Within the Argentine Congress, Milei's coalition achieved about 20% in the Chamber of Deputies and 10% in the Senate.[99]

In his victory speech, Milei pledged a new political era,[100][101] vowing to begin "the reconstruction of Argentina" and end its economic decline....[101][80]

https://en.wikipedia.org/wiki/Javier_Milei

I care because I have longtime friends in Rio Cuarto who opposed him.

[peppertree]

2. The Idi Amin of the 2020s

Now he's threatening to "pee" all over the nation's governors.

And he probably still wonders why he's still a virgin at 53.