patrick.net

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.