patrick.net

https://danieljmitchell.wordpress.com/2025/01/09/left-wing-economists-were-wildly-wrong-about-javier-milei-and-his-libertarian-agenda-for-argentina/

Nooooooo!

Argentina now has a budget surplus.

Booger says

Argentina now has a budget surplus.

So that means they won't need any more money from the IMF ??? -- giggles to self

Trump has been stealing Milei's thunder already.

Milei showed the way - eliminate 60% corruption, to find that the government only needs 25% to function.

So, with a budget surplus, inflation under control and reduced government spending....what does he really want ?????

Why more free money from the IMF. Just what I've been saying all along.

Does anyone think for a second that this new batch of free money will have any greater chance of being repaid than the older bunches of free money bestowed upon Argentina????

https://www.msn.com/en-us/money/companies/in-address-to-congress-argentine-president-milei-promises-imf-deal-and-lauds-economic-wins/ar-AA1A4nJd

Misc says

Does anyone think for a second that this new batch of free money will have any greater chance of being repaid than the older bunches of free money bestowed upon Argentina????

I'd rather spend money in this hemisphere and not Ukraine, that's for sure. We should be a shit show of power in the real West. Argentina is part of that. Central America should be booming and it barely is. I don't care about a bunch of drunks in Eurasia.

Venezuela is the hard part. Having hung out with the guy for an hour and being one of my favorite baseball players, Ozzie Guillen needs to get into Venezuelan politics. He's Trump like. My wife was throwing popcorn at him. It was his birthday and he got his US citizenship that day. It was him, his son and the two of us. Really good people.

He's a fuck it and let's get it done guy. I do think he'd be worried about being assassinated so probably wouldn't do it. He's your typical politician age though at 61. Far fetched, but I do think he would be good for the country and he's still proud of his heritage. We need some of these legal and illegals to go back and fix the damn messes others made.

Misc says

So, with a budget surplus, inflation under control and reduced government spending....what does he really want ?????

Why more free money from the IMF. Just what I've been saying all along.

Does anyone think for a second that this new batch of free money will have any greater chance of being repaid than the older bunches of free money bestowed upon Argentina????

https://www.msn.com/en-us/money/companies/in-address-to-congress-argentine-president-milei-promises-imf-deal-and-lauds-economic-wins/ar-AA1A4nJd

Argentina doesn't have a SWAP line with the Fed like Brazil does. I think getting one is Milei's goal. Until then, IMF financing for USD liquidity is needed just as it is for other most other nations.

OkDOGEisAmountingToSomething says

Argentina doesn't have a SWAP line with the Fed like Brazil does. I think getting one is Milei's goal. Until then, IMF financing for USD liquidity is needed just as it is for other most other nations.

No, most other nations do not have IMF backed loans. Argentina is the largest borrower of IMF funds at about $44 billion.

Milei is now trying to extend out the period where Argentina doesn't have those pesky repayments for 4 and a half years (Everyone knows that he will simply try to extend this non-payment period once it gets close to actually having to send BACK funds to the IMF).

Also, he is trying to get an additional $20 billion from the IMF. He is simply the latest clown from Argentina with a story of righting the country.

The best one was able to talk Wall Street banks into selling 100 year bonds to their American clients. Milei has a ways to go to beat that guy.

https://www.msn.com/en-us/money/markets/argentina-pushes-new-imf-deal-towards-finish-line-with-decree/ar-AA1AGFrp

Misc says

No, most other nations do not have IMF backed loans

They borrow from SOMEONE.

DeportLibtards says

Misc says

No, most other nations do not have IMF backed loans

They borrow from SOMEONE.

He should impose big beautiful tariffs instead and get the money he needs without borrowing. 🤡

WTF ! ! ! ! ! ! ! !

As a way to decrease corruption and frivolous government spending the Trump administration has gone ahead and approved the $20 billion in new IMF funding for Argentina. Even though that country has both the most numerous number of loans and total amount of loans outstanding from the IMF.

Additionally, the World Bank (US is also the #1 contributor there) has approved a new $12 billion loan package for Argentina.

Some Regional banking authority is gonna pony up a few additional billions.

Oh, and Argentina just signed a $5 billion swap line with the CCP.

What could possibly go wrong this time ?????

Betcha they're gonna use part of this newfound borrowing as collateral for borrowing from private banks and/or stupid American investors again.

Suddenly Bitcoin is looking like a viable investment.

https://finance.yahoo.com/news/world-bank-announce-12-billion-224139412.html

🥷🦅Austin Petersen 🇺🇲🥋
@AP4Liberty
I just can't fucking believe how lucky libertarians got with Javier Milei. We do not deserve him. While US libertarians gargle the balls of every tinpot dictator eager to flip off the US, Milei sets a counter example of an anarchocapitalist who lives with both feet firmly grounded in reality.
https://x.com/AP4Liberty/status/1936499640729522209

Hans Hermann-Hoppe represents the archetype of the reflexively contrarian smartass Glibertard. Millei represents the best side of Libertarianism.

Unsurprisingly, the former who did nothing but theorize, criticizes the latter who is abolishing Peronism with a chainsaw

Psssssst...wanna buy some bonds ???

Good, high, quality, Argentina backed US Dollar Bonds. Trading at 65.71 cents to the dollar for 2038's.

Trust the Milei ! ! ! ! He won't steer you wrong. Sure, there are reports of corruption, but is that really a bad thing ???

His reforms will take place and Argentina will soar to greatness ... AND look how you can profit from this.

https://www.msn.com/en-us/money/markets/argentina-s-international-dollar-bonds-tumble-amid-government-corruption-allegations/ar-AA1LbDhq

A much better deal than Trump crypto tokens.

Misc says

Psssssst...wanna buy some bonds ???

Good, high, quality, Argentina backed US Dollar Bonds. Trading at 65.71 cents to the dollar for 2038's.

Trust the Milei ! ! ! ! He won't steer you wrong. Sure, there are reports of corruption, but is that really a bad thing ???

His reforms will take place and Argentina will soar to greatness ... AND look how you can profit from this.

https://www.msn.com/en-us/money/markets/argentina-s-international-dollar-bonds-tumble-amid-government-corruption-allegations/ar-AA1LbDhq

A much better deal than Trump crypto tokens.

So deep fake recordings get released and that's the best they can do?

Corruption in Argentina? Why did Milei bring corruption to such a wonderful, low-corruption society?! hahahaha

I think the spread is probably because of who succeeds him more than anything.

The US through the IMF and World Bank ponied up over an extra $30 billion in fresh loans to Argentina. This is what accounted for the increase in the country's GDP. It was nothing that Milei did.

The price of the 2038 dollar bonds since April 1 have gone nowhere. Even with this extra financing investors are still pricing in the same chance of default.

Pssssssst...if you liked Argentina dollar bonds at 65.7 cents to the dollar, then you gotta like them at 49.3 cents to the dollar. Now they are 14.5% yield above comparable treasuries.

For those of you who liked Milei's promises and invested in Argentina's stock market...well sure you've lost money, but hold firm it can rebound and then just go up like a rocket from there.

So what if the Argentina peso is at a record low ??? Milei has got that IMF and World Bank money that he can use to support the Peso, and he has been. So far last week he used about $1 billion of that to keep the peso from grenading any further. Each trading day an ever increasing amount. His currency reserves should be able to last a few more weeks.

Theoretically, the Argentinian markets can only go to ZERO...theoretically.

https://english.elpais.com/economy-and-business/2025-09-20/mileis-fall-from-grace-argentinas-stock-market-becomes-the-worlds-worst-performer-in-2025.html

https://www.ft.com/content/270d9987-9b42-4ccf-83e8-cb6fe57faab7

The $20 billion in IMF funds and the $12 billion in World Bank funds didn't even last 6 months. Now Trump's gonna triple down on stupid with another $20 billion. It'll work this time you just watch.

https://www.msn.com/en-us/money/companies/us-buys-argentine-pesos-finalizes-20-billion-currency-swap/ar-AA1Oay5K?pc=U531

Too much fake news about Argentina. Depending on source it’s either greatest thing ever or they are collapsing. I don’t know what’s true, but it’s clear that world powers care enough to bullshit us somehow.

Fortwaye says

Too much fake news about Argentina. Depending on source it’s either greatest thing ever or they are collapsing. I don’t know what’s true, but it’s clear that world powers care enough to bullshit us somehow.

The IMF loans is an easily verifiable thing. Can be proven or refuted in a minute.

Misc says

The $20 billion in IMF funds and the $12 billion in World Bank funds didn't even last 6 months. Now Trump's gonna triple down on stupid with another $20 billion. It'll work this time you just watch.

https://www.msn.com/en-us/money/companies/us-buys-argentine-pesos-finalizes-20-billion-currency-swap/ar-AA1Oay5K?pc=U531

What we are doing is a swap line. Other nations have them with us. They are used all the time. No taxpayer money involved as this as it is a Federal Reserve facility.

https://www.brookings.edu/articles/what-are-federal-reserve-swap-lines/

Although initially, this swap line is being done with the ESF, not the Fed. There is probably some internal debate over whether it will be permanent or not. Or because Treasury is sidelining the Fed more until Powell is out.

And this isn't about Millei, really. This is about securing the lithium and shale gas & oil reserves (as big as the oil fields offshore Guyana) in Argentina.

And for that, $20 billion is cheap.