8chan/8kun QResearch Posts (18)
#25100602 at 2026-10-03 04:21:03 (UTC+1)
Q Research General #30654: Charging into the Weekend Edition
Debt-saddled Argentina pitches 'golden passport' scheme to woo wealthy foreigners
Argentina is putting a price on citizenship as President Javier Milei searches for dollars to help the country meet its debts
By ISABEL DEBRE Associated Press October 2, 2026, 12:36 PM ET1/2
BUENOS AIRES, Argentina – Argentina on Friday announced plans to offer citizenship to wealthy foreigners in exchange for cash contributions or investments in government bonds, as libertarian President Javier Milei seeks new sources of dollars for the debt-burdened nation.
Economy Minister Luis Caputo unveiled the so-called "golden passport" scheme at an investor event in Paris, saying applications are expected to open before the end of the year.
Applicants have two options: make a nonrefundable $350,000 contribution to the Argentine Treasury or invest $800,000 in a new government bond that must be held for seven years. Contributions would increase depending on family size, with a family of four expected to pay $500,000, officials said.
Securing dollars is critical for Milei as he prepares to seek reelection next year. Argentina's Treasury faces nearly $25 billion in foreign-currency debt payments coming due in 2027. But having narrowed its financing options by holding off on a return to international bond markets, the government is searching for alternative sources of revenue.
A consortium of investment firms advising the government estimated that the paid-citizenship program could raise up to $2.5 billion for Argentina if it receives the expected number of applicants.
Citizenship with global reach
So-called "golden visa" programs have become increasingly common among cash-strapped countries battling to attract deep-pocketed foreigners, with about 60 nations offering residency privileges in exchange for one-off investments. U.S. President Donald Trump launched his own "gold card" program for the U.S. last year.
Citizenship-for-investment programs go further, offering more rights and a passport that opens doors abroad. Only about a dozen countries have active programs, including small Caribbean island states.
Argentina, a G-20 nation of 46 million people home to a vast Patagonian wilderness and culturally vibrant capital, is set to become the first South American country to join their ranks.
"The Argentine passport is highly valued, accepted in more than 140 countries," Caputo said, referring to destinations Argentines can visit without obtaining a visa in advance - from China and Russia to Europe's Schengen area and most of Latin America.
For wealthy people from countries that face visa restrictions, whether in Southeast Asia or the Arab world, Argentine citizenship could make it easier to travel and do business internationally, said Kristin Surak, a professor at the London School of Economics and author of "The Golden Passport: Global Mobility for Millionaires."
"It's not only the benefits that you get within Argentina," she said. "You also get benefits globally in terms of where you can go."
A second passport as a Plan B
The clientele of such programs has shifted since the COVID-19 pandemic, industry experts say, with more Americans and Europeans - whose passports already offer extensive visa-free travel - seeking a foothold abroad as an escape hatch at a time of mounting geopolitical uncertainty.
"The Southern Cone of South America is the ultimate Plan B destination. It's not on the way to anywhere strategically important. It's a region that's always staying out of global armed conflict," said Christian Nesheim, editor of Investment Migration Insider, a trade journal. "It's self-sufficient when it comes to food, to energy."
https://apnews.com/hub/latin-america
#25059417 at 2026-09-21 01:42:05 (UTC+1)
Q Research General #30596: Communism Has No Place In America Edition
Stalling Argentine Recovery Is a Risk for Milei's Reelection Bid
By Manuela Tobias September 18, 2026 at 12:00 PM UTC
A year out from Argentine President Javier Milei's reelection bid, the economic recovery that underpinned his popularity is stalling. Gross domestic product shrank 0.6% in the second quarter from the previous three months, the first contraction in two years and a setback for a government counting on stronger growth ahead of the October 2027 election.
Argentines elected the libertarian outsider in 2023 hoping austerity and freer markets could tame inflation and stabilize the crisis-prone economy. Milei's "shock therapy" succeeded in sharply slowing price increases, but polls show voters are increasingly concerned about the weak jobs market.
Output rose 2% from a year earlier, supported by booming exports of energy and agricultural products, while imports fell. In a post on X, Economy Minister Luis Caputo boasted that 13 of 16 sectors grew in the first half of the year.
Even so, the latest GDP figures are "not nearly compelling enoughto dispel political concerns - the key variable weighing on Argentina's markets," said Jimena Zuniga, an Argentina economist at Bloomberg Economics.
Investors in the nation's sovereign debt worry that weakening support for Milei's program could increase the chances of a reversal of his fiscal and market reforms after the 2027 election. Milei's leftist opponents are seeking to turn rising unemployment and weak household incomes into the central issues of the October 2027 election.
Bleak Outlook
Fernando Marull, partner at consulting firm FM&A, sees a possible second consecutive contraction in the third quarter, which would technically put Argentina in a recession. Even if the economy escapes a recession, the outlook for households is still bleak, said Carlos Melconian, director of MacroView SA.
"Whether or not you get two negative quarters, it's going to be extremely close," Melconian said. "The components people actually feel are already getting crushed." Annual inflation slowed to 34% last month, from more than 200% when Milei took office. An AtlasIntel poll last month found that corruption and unemployment have overtaken inflation among voters' top concerns.
Milei, however, remains focused on consolidating his victory over inflation, which he wants to push below a monthly rate of 1%.
Strong PesoThat's led him to back a strong peso policy, even though it's weighing on growth. The currency weakened just 3.7% against the dollar in the year through August, while consumer prices rose 21%.
That real appreciation has been bolstered in recent weeks by official intervention in bond and futures markets, while currency controls on companies remain in place.
Milei's opponents are increasingly focused on this point. At an event earlier this month, the clearest contender, Buenos Aires Governor Axel Kicillof, called the government's approach a "criminal, suicidal policy of deindustrializing the country."
Argentines Vote In Midterm Elections
Opposition lawmakers have also taken the argument to Congress, recently forcing a session on rising household indebtedness and loan delinquencies, though none of the proposals for relief have moved forward yet.
Milei tells a different story, pointing to strong growth in agriculture, energy and mining as evidence of an economy that has turned the corner.
At the same time, retail, construction and manufacturing, which employ far more people, are shedding jobs, while defaults on consumer loans are soaring.
Consumption contracted 2.4% in the second quarter as sluggish wage growth and tight credit hit household finances.
Those struggling sectors account for roughly half of Argentina's registered private salaried employment, while the industries powering exports and investment account for only about a fifth.
Overall, registered private salaried employment has shrunk by about 246,300 jobs since just before Milei took office, while the number of companies has fallen by more than 30,000.
Approval Rating
That leaves Milei vulnerable heading into the election. His approval stood at 38% in the latest AtlasIntel survey, with 58% disapproving and 70% describing the job market as bad.
The government this week lowered its 2026 growth forecast to 3% from 5%, while economists surveyed by the central bank expect something closer to 2%.
Osvaldo Giordano, president of the IERAL economic institute at Fundaci?n Mediterr?nea, expects the economy to dodge recession, with output approximately flat this quarter. But the gap between meager growth and what Argentines expect after enduring years of economic turmoil is a risk for Milei, he said.
"A society's tolerance is not the same when you have a single bad year," Giordano said. "Here, it's a succession of very bad years. So patience is lower."
https://archive.is/5D87A
#24808094 at 2026-07-09 21:23:57 (UTC+1)
Q Research General #30290: Compete, Inspire, and Showcase the Values Edition
Milei seeks a U.S.-style government shutdown
The president of Argentina will present a series of legislative proposals aimed at reforming the Central Bank. The goal is to relaunch the administration and get past the nearly four-month crisis in which it has been mired.1/2
Javier Milei is looking to deepen his unconditional alignment with Donald Trump. The president of Argentina follows the geopolitical viewpoints of the U.S. leader, has made Trump's friends and enemies his own,and even signed a free trade agreement with him, having visited the United States 17 times since his election. And now, Milei seeks to adopt the same mechanism for ordering a halt to public spending when budget appropriations run out or expire - a process known in the United States as a government shutdown.
"We are working on bringing about a shutdown of the executive branch - or more accurately put, of the political system," Milei announced on Tuesday. "When the budget runs out, you can't spend any more, and the government shuts down," the far-right president explained, adding he would submit such a measure to Congress as a bill.
That initiative will be part of a package of reforms that Milei looks to move forward in a kind of relaunch of his administration. With it, the president wants to get back control, and get past the nearly four-month crisis in which his administration has been mired, which revolves around the corruption investigation of Manuel Adorni, his former cabinet chief who is among his closest allies. Adorni wound up resigning from his position 10 days ago, amid a judicial siege and immense public disapproval.
On Monday, Milei's administration presented its financial plan for this and next year in the intention of calming markets prior to the country's payment deadlines of over $45 billion. Then on Tuesday, the president announced he would be promoting the shutdown mechanism, along with other measures, to limit public spending, while he continues to take a chainsaw to the government in pursuit of financial surplus, the guiding principle of his economic plan.
He announced details of that plan on the streaming network Neura, after celebrating the Argentinian soccer team's World Cup tournament win. The initiative, he shared, is linked to an ongoing project to reform the country's Central Bank statute, to guarantee its "independence" from political powers, and prohibit it from issuing new currency to finance the treasury.
The project, Milei said, is "interrelated" with others that are currently being developed, such as amendments to the capital markets law, a new "fiscal amnesty" program (the government's term for the legalization of undeclared money or assets), the deregulation of the insurance market, and changes to tax structures. "It is a set of reforms designed to make amends for 91 years of political fraud against law-abiding Argentinians," Milei stated. On Tuesday afternoon, he led a meeting on details of the bill at the president's official residence in Olivos, on the outskirts of Buenos Aires, where he met with Minister of Economy, Luis Caputo; Minister of Deregulation, Federico Sturzenegger and the head of the Central Bank, Santiago Bausili.
"It is going to prohibit, explicitly and subject to criminal penalties, the violation of the Central Bank's independence by requiring it to finance the government," said Milei. He compared the issuance of currency to sustain public spending with a criminal act, and argued it should besubject to penalties, saying, "fraud and counterfeiting are criminal offenses."
https://english.elpais.com/international/2026-07-09/milei-seeks-a-us-style-government-shutdown.html
#24120647 at 2026-01-14 15:40:35 (UTC+1)
Q Research General #29393: EU Rushes To Claim Ukraine Banking On US Funded Emerging Market Edition
Argentina Logs Lowest Year-End Inflation in Eight Years
Christian K. Caruzo 14 Jan 2026
Argentina's yearly inflation in 2025 came in at 31.5 percent - the lowest in eight years - the National Institute of Statistics and Census of Argentina (INDEC) announced Tuesday. INDEC, a decentralized entity within the Argentine Economy Ministry, is tasked with measuring Argentina's monthly inflation rates.
The announcement of Argentina achieving its lowest yearly inflation rate in nearly a decadecame alongside INDEC's detailed monthly inflation report for December 2025, which the institution measured at 2.8 percent.
The Argentine Economy Ministry published accompanied the announcement with a chart comparing2025's yearly 31.5 percent inflationrate with previous years - in which2024's 117.8 percent, 2023's 211.4 percent, and 2022's 94.8percent notably stand as the years with the highest measured yearly inflation rates in recent times.
In a social media post, Economy Minister Luis Caputo explained that 2025 ended with thelowest inflation in the past eight years, both in general and core inflation. Caputo described it asan "extraordinary achievement" and said it was accomplished within a context of price readjustment in Argentina, the implementation of a floating exchange rate, and other economic factors.
"The stabilization program based on fiscal surplus, strict control of the money supply, and capitalization of the [Argentine Central Bank] will continue to be the pillars for continuing the disinflation process," Caputo wrote."It is increasingly clear that this is the only viable path to definitively eradicate inflation and make Argentina great again," he continued.
President Javier Milei praised Caputo, who is commonly referred to with the nickname "Toto," as "The greatest" in a brief social media post.
"Inflation in 2025 was 31.5 percent, the lowest in the last 8 years.When we took office, inflation in 2023 had been 211.4 percent, the highest in the world," Manuel Adorni, Chief of the Cabinet of Ministers of Argentina, wrote on social media.
"This is nothing more and nothing less than the result of doing what had to be done. Period," he concluded. Last week, Secretary of the Treasury Scott Bessent announced that Argentina has already repaid the United States the $2.5 billion it drew down from a $20 billion swap line President Milei signed with the administration of President Donald Trump.
Although December's measured 2.8 percent monthly inflation rate stands higher than November's 2.5 percent according to INDEC's statistics, Sebasti?n Menescaldi, president of Argentine finantial monitor company Eco Go, explained to the local newspaper La Naci?n on Tuesday that the increase in inflation during December was mainly due to the readjustment of meat and fuel prices, both of which contributed nearly one additional percentage point to the consumer price indices.
"This poses a challenge for the government due to its immediate impact, but at the same time it provides some reassurance, as these are one-off increases associated with a price adjustment in key components of the basket that had lagged behind in the run-up to the elections," Menescaldi reportedly said.
"The challenge is to make the macroeconomic regime more sustainable and return to the downward path of inflation; regional experience shows that this is not a quick process," Claudio Caprarulo, director of Argentine consulting firm Analytica explained to La Naci?n.
https://www.breitbart.com/latin-america/2026/01/14/argentina-logs-lowest-year-end-inflation-in-eight-years/
#23117215 at 2025-06-03 16:25:37 (UTC+1)
Q Research General #28194: GM Melania Tuesday We All Gonna Live (Mabbe NOT Shills) Edition
Argentina encourages citizens to use and deposit undeclared dollars
The government's initiative to bring Argentinians' savings into the banking system went in effect on June 1.
By?Flora Genoux?(Buenos Aires (Argentina) correspondent)
Published yesterday at 8:38 pm
Argentinian President Javier Milei on May 25, 2025, in Buenos Aires. TOMAS CUESTA / AFP
Dollars under the mattress: In Argentina, keeping savings outside the national banking system ? whether hidden at home, in private vault companies, or abroad ? and in US dollars is a deeply rooted habit. It stems from a long-standing mistrust of the peso's value and from trauma that dates to the 2001 financial crisis, when bank deposits were frozen and many savers managed to recover their money only with great difficulty and at a loss.
Trying to escape stifling inflation, Argentina puts its faith in the dollar
The government led by the far-right libertarian Javier Milei, who has been in office since December 2023, sought to bring this money ? estimated at $200 billion (roughly a third of Argentina's GDP) ? into the banking system. "Your dollars, your decision," said presidential spokesperson Manuel Adorni on May 22, as he announced a program called the "Historical Reparation Plan for Argentinians' Savings." The plan is set to take effect on Sunday, June 1, before being reinforced by a legislative proposal. According to Economy Minister Luis Caputo, the goal is to unlock a "pent-up consumption" of dollars.
The core of the measures is to significantly raise the threshold at which banks and businesses must report transactions to the tax authorities. For example, the reporting threshold for a bank transfer has become 50 million pesos (about ?37,000), up from the previous 1 million pesos..
https://www.lemonde.fr/en/economy/article/2025/06/02/argentina-encourages-citizens-to-use-and-deposit-undeclared-dollars_6741936_19.html
#22846599 at 2025-03-31 16:29:42 (UTC+1)
Q Research General #27897: Moab Monday Radar Up Edition
AINEWS
@AINEWS4ALL 3h
Argentina is on the brink of sealing a new $20B deal with the IMF, announced Economy Minister Luis Caputo on March 30, 2025. Aiming for over 40% upfront, this could boost reserves and stabilize the peso as Milei pushes to tame inflation. Talks ongoing!
Mar 31, 2025 ? 12:36 PM UTC
https://twitter.com/AINEWS4ALL/status/1906686941426241707
>>22846572
Money from thin air.
#21986281 at 2024-11-14 23:26:21 (UTC+1)
Q Research General #26923: RFK & MAHA Will Bring Us To The World Wide Healing Event Edition
Milei and Trump to announce Argentina-US pact - media
The unprecedented trade and military deal would bypass Mercosur, reports say
Argentine President Javier Milei intends to announce a new pact with the US while visiting President-elect Donald Trump at his Florida residence, according to the media in Buenos Aires.
The Libertarian politician has made major cuts to Argentina's government apparatus in less than a year since he's been president. He arrived at Mar-a-Lago on Thursday for an investor event scheduled to run till Saturday.
In his speech to the Conservative Political Action Conference (CPAC) investor summit, Milei is expected to call for the formation of a "league of conservative nations," according to Argentine media reports. He reportedly wants a pact with the US committing to "freedom of trade and military cooperation."
Milei hopes that Trump's victory in the US presidential election last week will make it easier for Argentina to negotiate with the International Monetary Fund (IMF) over $44 billion worth of debt, reports said. Economy Minister Luis Caputo has said he would like a $10 million disbursement to strengthen Central Bank reserves and remove capital controls.
Argentina is interested in forging closer ties between the US Central Intelligence Agency (CIA) and its State Intelligence Secretariat (SIDE).
Earlier this week, Milei praised Trump for "copying our model" for slashing government bureaucracy, revealing that his Deregulation and State Transformation Minister Federico Sturzenegger had been in touch with tech billionaire Elon Musk "to see how to deregulate the US economy."
Trump recently named Musk to the Department of Government Efficiency (DOGE), an extra-governmental agency tasked with cutbacks and reforms in Washington, with a mandate through July 4, 2026. Milei and Musk are reportedly supposed to meet in Florida.
Milei's trade pact with the US would be a body blow for Mercosur, the Southern Common Market organization that includes Argentina, Bolivia, Brazil, Paraguay and Uruguay. The bloc is currently attempting to negotiate a trade deal with the EU.
Following his trip to Mar-a-Lago, Milei is scheduled to host French President Emmanuel Macron on Saturday in Buenos Aires, attend the G20 Leaders Summit in Brazil on Monday, and fly back to Argentina to host Italian Prime Minister Giorgia Meloni next Wednesday.
On Thursday, after speaking with Trump, Milei recalled his delegation from the UN climate conference (COP29) in Azerbaijan.
https://www.rt.com/news/607661-milei-argentina-trade-pact/
#21977181 at 2024-11-13 18:32:55 (UTC+1)
Q Research General #26912: WE THE PEOPLE Edition
Canada #66
Argentina Secures $8.8 Billion in Loans: Boosting Competitiveness Without Compromising Sovereignty
Maria Herrera Mellado Nov. 10, 2024
In a major move to bolster its economy and improve competitiveness, Argentina has secured $8.8 billion in loans from international financial institutions.
This loan package, which marks a significant step in Argentina's reintegration with global financial markets, is seen as a positive development by both the Argentine government and international observers.
The loans, which are provided by the World Bank, the International Finance Corporation (IFC), and the Inter-American Development Bank (IDB), are expected to help Argentina meet pressing economic challenges while avoiding the traps of external ideological imposition.
The loan package is divided as follows:
$2 billion from the World Bank
$3 billion from the IFC (International Finance Corporation)
$2.4 billion from the Inter-American Development Bank (IDB)
The World Bank has earmarked its $2 billion contribution specifically for social protection, education, transportation, and energy.
This funding comes at a critical time, as the IMF forecasts a 3.5% economic contraction in 2024 for Argentina.
This loan will not only provide the liquidity needed to stabilize the country's economy but will also help to fund key infrastructure and social programs that directly impact the lives of Argentine citizens.
The announcement was made following a visit by Argentina's Minister of Economy, Luis Caputo, to the United States, where he attended the IMF and World Bank Annual Meetings.
There, he confirmed that the funds would help address Argentina's current economic challenges and, by extension, improve the everyday conditions of Argentine citizens.
Economic Challenges and Milei's Strategy
Under the leadership of President Javier Milei, an economist known for his free-market policies, Argentina has focused on addressing macroeconomic imbalances. Milei's administration has prioritized reducing fiscal deficits and stabilizing the country's inflation-riddled economy. However, the impact of these policies has not yet been fully felt at the microeconomic level.
Everyday Argentinians continue to grapple with high inflation, rising living costs, and economic uncertainty.
The loan will provide a crucial boost to Argentina's competitiveness, allowing the country to maintain its economic momentum without further deepening its debt crisis. However, critics argue that the country must carefully manage these funds to avoid exacerbating its already high levels of debt.
Argentina's Sovereign Stance: Navigating the Global Financial System Without Compromising National Interests
While the loan package is largely seen as a positive step for Argentina, the government has been clear in its commitment to maintaining national sovereignty.
A key concern with accepting international funds is that many loans from organizations like the World Bank or IMF often come with strings attached. These conditions can sometimes include requirements for social policies aligned with progressive agendas, which may not align with the values of Argentina's current leadership.
For example, in neighboring Paraguay, the European Union offered education funds but attached conditions related to gender and environmental policies, which were rejected by the Paraguayan Congress for fear of ideological imposition on their education system. Similarly, President Milei has publicly opposed globalist policies that prioritize progressive causes over economic freedom.
In his speech at the World Economic Forum in Davos, Milei questioned the effectiveness of reducing poverty by ?reducing the poor,? pointing out the dangers of population control agendas like abortion. This reflects his broader stance on rejecting what he sees as globalist overreach, which could undermine Argentina's traditional values and sovereignty.
Foreign Minister Diana Mondino reiterated this position at the Organization of American States (OAS), emphasizing that Argentina's national constitution enshrines fundamental rights such as life, liberty, and property. According to Mondino, these rights are vital to Argentina's identity, and the government is committed to defending them against any external pressure.
More:
https://gatewayhispanic.com/2024/11/argentina-secures-8-8-billion-in-loans-boosting-competitiveness-without-compromising-sovereignty/
#21970205 at 2024-11-12 18:23:31 (UTC+1)
Q Research General #26904: Trifecta #Executive #Senate #House Edition
World Bank Group and IDB to Provide Argentina with Over $8.8 Billion in Funding
Details of the Loan Package
The loan package is divided as follows:
$2 billion from the World Bank
$3 billion from the IFC (International Finance Corporation)
$2.4 billion from the Inter-American Development Bank (IDB)
The World Bank has earmarked its $2 billion contribution specifically for social protection, education, transportation, and energy.
This funding comes at a critical time, as the IMF forecasts a 3.5% economic contraction in 2024 for Argentina.
This loan will not only provide the liquidity needed to stabilize the country's economy but will also help to fund key infrastructure and social programs that directly impact the lives of Argentine citizens.
ADVERTISEMENT
The announcement was made following a visit by Argentina's Minister of Economy, Luis Caputo, to the United States, where he attended the IMF and World Bank Annual Meetings.
There, he confirmed that the funds would help address Argentina's current economic challenges and, by extension, improve the everyday conditions of Argentine citizens.
https://x.com/ArgReport/status/1849635824792465535
#21190484 at 2024-07-13 16:06:36 (UTC+1)
Q Research General #25969: Orban in Charge of NATO; Ditches Mtg to See Trump Instead! Edition
Argentina halts monetary base expansion to lower inflation, says minister
Argentina will cease expanding its monetary base as part of the government's campaign to combat inflation, Economy Minister Luis Caputo said on messaging platform X on Saturday.
"From now on the amount of money remains the same or is reduced if the central bank (BCRA) sells dollars" in the official exchange market known as the MULC, Caputo wrote. "If the BCRA buys dollars in the MULC, the issuance of equivalent pesos will be sterilized with the sale of equivalent dollars in the cash with liquidation (CCL) market," a market where dollar transactions are settled in cash, Caputo wrote. The policy will go into effect on Monday.
The announcement comes after official data published on Friday showed a five-month streak of slowing inflation ended in June when inflation was higher than in May. Since libertarian President Javier Milei took power late last year, inflation has slowed dramatically in Argentina, decelerating from 25.5% in December to 4.2% in May. June's figure was 4.6%.
https://www.reuters.com/world/americas/argentina-halts-monetary-base-expansion-lower-inflation-says-minister-2024-07-13/
Argentina and IMF
https://www.imf.org/en/Countries/ARG
Milei and the IMF need to tackle Argentina's new Achilles heel
https://www.ft.com/content/e047de2e-2015-4864-9ae5-e9edc9ce4f62
IMF Downgrades Argentina's Economic Outlook For 2024
https://www.barrons.com/news/imf-downgrades-argentina-s-economic-outlook-for-2024-6c31faa6
IMF green lights $800 million for Argentina with program 'firmly on track'
https://www.msn.com/en-us/money/markets/imf-green-lights-800-million-for-argentina-with-program-firmly-on-track/ar-BB1obR0n
#21082186 at 2024-06-25 05:12:16 (UTC+1)
Q Research General #25844: Couple of cold beers in order this weekend? JA EDITION
Argentina Logs First Week with No Inflation in Food Prices in 30 Years
24 Jun 2024167
4:46
For the first time in 30 years, Argentina experienced a zero-percent increase in the inflation rates of food and drinks during the third week of June, President Javier Milei confirmed on Monday morning.
A study published on Sunday by Econom?trica, a private Argentine consulting firm, first reported the no-inflation week. In its study, Econom?trica analyzed 8,000 prices in local online supermarkets and found no change when compared to the preceding week - something that has not happened in Argentina in three decades. In addition to the lack of variation in prices in one week, the study found that the prices of food and drinks only experienced an increase of 0.1 percent in the past 15 days.
President Milei, who is currently in Prague, confirmed the study's findings on Monday morning in a telephone interview held with Argentina's Radio Mitre, celebrating the news as a result of his economic policies.
"That means that we are on the right path - which there is still a long way to go, but the first signs that things are working are beginning to appear," Milei told Argentine journalist Eduardo Feinmann.
"I sometimes present it, explain it, but, well, I have encountered in recent times gross levels of intellectual dishonesty. Because we all know that wholesale inflation is the one that predicts and anticipates retail inflation and the reality is that inflation in December when we arrived was 54 percent, that annualized gives 17,000," he continued.
Milei added, "it also speaks of the misery or incompetence of other colleagues, doesn't it? But the truth is that there is no country in the world where we are not recognized for our titanic task in terms of lowering inflation."
Upon taking office in December, Milei enacted a series of "shock therapy" economic policies to restore Argentina's economy after nearly two decades of socialist rule left it in a precarious state and on the verge of a hyperinflation spiral.
Since then, monthly inflation rates in Argentina have experienced a dramatic and continued downward trend, going from 25.5 percent in December to 4.2 percent in May, the lowest rate experienced in the country in over two years. In April, Argentina recorded a surplus of its gross domestic product (GDP) during the first quarter of the year - something that the South American nation had not seen since 2008.
Milei is in the Czech Republic on the final stop of a four-day tour of Europe that began on Friday with a visit to Spain, followed by a two-day stop in Germany over the weekend that included an encounter with German Chancellor Olaf Scholz. Milei is slated to meet with Czech Prime Minister Petr Fiala on Monday morning.
The Argentine president described the tour during his Monday morning interview as an "excellent trip so far, extremely positive."
"The German Minister [Scholz] asked us about how the economic program was working, given that he carries weight within the International Monetary Fund, and about the prospects for the future," Milei said. "We also talked about some problems that German companies have had in Argentina and how we were progressing in the solution of such problems."
"We also discussed issues related to natural resources that are extremely important for Germany and that this would motivate many investments in Argentina," Milei continued, "and we discussed Argentina's entry into the OECD [Organisation for Economic Co-operation and Development], NATO, and the integration between Mercosur and the European Economic Community. It was a very productive meeting."
Milei also confirmed that his administration would not promote a devaluation of the Argentine peso, echoing statements by Economy Minister Luis Caputo last week where he ruled out such plans. Caputo instead said he would continue implementing the current plan, which focuses on maintaining a good relationship with the International Monetary Fund (IMF) and upholding a currency exchange system that allows companies to sell 20 percent of their income in U.S. dollars in the financial market and settle the remaining 80 percent at the official exchange rate.
"There are professionals who, in order to justify and wash their mistakes, make unfortunate arguments, which speak more about what they want to happen than what really has to happen," Milei said. "There are sectors that find it convenient to have low dollar salaries and more poor and indigent people, and we believe that the situation works in a different way."
https://www.breitbart.com/latin-america/2024/06/24/argentina-logs-first-week-no-inflation-food-prices-30-years/
#20120999 at 2023-12-23 22:15:21 (UTC+1)
Q Research General #24693: Naughty (Epstein) List Edition
>>20120949
>Luis Caputo
And this. This is total nonsense. Imagine being elected President and coming out of your cocoon with "Israel is my greatest ally. I need to kiss their ass before I go insane".
20,000 dead in three months. Tie your horse to that demonic wagon? Get fucking missing with that nonsense.
Argentine President-Elect Javier Milei to prioritize Israeli ties
https://www.japantimes.co.jp/news/2023/11/28/world/politics/milei-judaism-israel-argentina/
#20120949 at 2023-12-23 22:01:58 (UTC+1)
Q Research General #24693: Naughty (Epstein) List Edition
>>20120909
Anyone who believed anything was gonna change (and there was and still are many) should have paid attention to who he named as Finance Minister
>Luis Caputo
Same fucker worked at JP Moran who did deal with previous Admin and IMF
Seeing the posts in here about him "kicking out "the IMF/World Bank highly entertaining especially the part where he flew to DC to meet with them.
#20120909 at 2023-12-23 21:52:18 (UTC+1)
Q Research General #24693: Naughty (Epstein) List Edition
>>20120891
I always dissed on crypto but recently had a revelation to it's short term usefulness. If every Argentinian plowed their peso's into bitcoin before this kick in the teeth they'd be signing Christmas carols right now.
Argentina to devalue peso by over 50% as part of emergency economic reforms
Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation's struggling economy, the country's Economy Minister Luis Caputo announced Tuesday.
https://www.cnn.com/2023/12/12/economy/argentina-milei-peso-dollar/index.html
#20068573 at 2023-12-13 16:53:26 (UTC+1)
Q Research General #24630: Jack Smith's Extortion Problem Edition
Argentina peso: Milei begins 'shock therapy' by devaluing currency
13th, Dec 2023
Argentina's new government says it will weaken the value of its currency by more than 50% against the US dollar.
It is part of the "economic shock therapy" that President Javier Milei says the country needs to fix its worst crisis in decades.
Economy Minister Luis Caputo also announced deep cuts to public spending.
They include a reduction in fuel and transport subsidies and freezing spending on some major government contracts and advertising.
Mr Caputo said he had inherited the worst economic legacy in Argentina's history and he was taking steps to avoid hyperinflation.
"We are going to be worse off than before for a few months, particularly in terms of inflation. And I say that because, as the president says, it is better to tell an uncomfortable truth than a comfortable lie," Mr Caputo said in a televised address.
Argentina is battling soaring inflation, with prices rising by around 150% over the last year. It is also struggling with low cash reserves, high government debt, while 40% of the population is living below the poverty line.
The International Monetary Fund (IMF) - to which Argentina owes $44bn (?35bn) - called the measures "bold" and said they will help create the environment for private sector growth.
"I welcome the decisive measures," IMF chief Kristalina Georgieva said, adding that it is "an important step toward restoring stability and rebuilding the country's economic potential."
Mr Caputo said the exchange rate would be cut to 800 pesos to the US dollar, from roughly 391 pesos.
Since 2019, Argentina has kept its currency artificially strong by strictly controlling the movement of the currency.
That helped drive demand for the US dollar on the informal currency market, which saw the peso trading at a much lower rate that the the official level.
Mr Milei, a libertarian who rose from relative obscurity to the top office in a bitterly fought election, was sworn in on Sunday.
He campaigned on promises of major spending cuts and was known for wielding a chainsaw at rallies to depict his intentions to slash government spending.
It is not clear if his coalition, which is only the third largest bloc in the country's Congress will be able to implement enough major spending cuts needed to shore up the economy without pushing it into turmoil.
Mr Milei has already cut nine government ministries, which Mr Caputo said would reduce 34% of public sector jobs.
Speaking about the cuts to government spending for infrastructure projects, Mr Caputo said: "The reality is that there is no money to pay for more public works that, as all Argentines know, often end up in the pockets of politicians or businessmen on duty".
https://www.bbc.com/news/business-67688727
#20004174 at 2023-11-30 18:40:05 (UTC+1)
Q Research General #24556: Jordan Subpoenas Former Biden White House Officials Edition
Milei picks ex-JPMorgan trader to dollarize Argentina's economy
Luis Caputo, known for his Wall Street ties, has been named economy minister
Argentina's president-elect, Javier Milei, announced on Wednesday that he has chosen former Wall Street stock trader Luis Caputo to be the country's economy minister.
Milei made the announcement on Radio La Red after a two-day trip to Washington in which he met US Treasury and the International Monetary Fund (IMF) officials.
Caputo, who worked at JPMorgan and Deutsche Bank, ran Argentina's Finance Ministry and then briefly its central bank from 2017 to 2018. He is known for his close ties with Wall Street and Buenos Aires banking sectors.
Last week, Caputo, whose appointment is yet to be officially confirmed, met local and international bank officials to lay out Milei's proposed "shock therapy" for Argentina's beleaguered economy, which includes ditching the peso for the US dollar, erasing the fiscal deficit, and closing the central bank.
Caputo's economics consultancy firm Anker Latinoamerica earlier this year released a report saying that dollarizing Argentina would be "difficult," though "not impossible," and would require "complex legal and financial architecture."
Many economists in the country have repeatedly warned that dollarization is risky and that the government should prioritize other reforms to fix the economy.
"It's crucial to solve problems with a lot of expertise, because if we make a mistake we could end up with hyperinflation," Milei said in the interview, referring to a pile of more than 23.8 trillion pesos ($66.2 billion) of the central bank's short-term liabilities held by local creditors.
The new economy minister, Caputo, will also be tasked with renegotiating Argentina's troubled $43 billion loan from the IMF, on which the country has missed almost all of its targets this year.
https://www.rt.com/business/588288-argentina-milei-names-economy-minister/
#19995523 at 2023-11-29 10:51:58 (UTC+1)
Q Research General #24546: Evergreen Down Who Really Runs The Country? Edition
https://www.reuters.com/world/americas/argentinas-milei-meet-biden-aide-after-lunch-with-bill-clinton-2023-11-28/
Argentina's Milei to meet Biden aide after lunch with Bill Clinton
Argentina's President-elect Javier Milei will meet with a top security aide to U.S. President Joe Biden in Washington, the White House confirmed on Monday, after the far-right libertarian lunched with former U.S. President Bill Clinton in New York.
The meal with the former U.S. leader, a Democrat largely on the opposite side of the ideological fence from Milei, marked an especially surprising part of the incoming Argentine president's first foreign trip after winning a run-off vote earlier this month.
Earlier on Monday, the self-described anarcho-capitalist Milei arrived in New Jersey with a small group of advisors, including former central banker Luis Caputo, the frontrunner to be his economy minister, and his campaign manager sister Karina Milei, his office said in a statement.
Upon arriving in the United States, Milei first visited the tomb of a well-known orthodox Jewish rabbi before having lunch with Clinton, according to a statement from the president-elect's office.
On Tuesday, Milei will meet with U.S. National Security Adviser Jake Sullivan, while his economic advisers are scheduled to meet with senior U.S. finance officials to discuss the president-elect's economic priorities.
Meetings will also take place with officials from the International Monetary Fund (IMF), Milei's office previously announced, aimed at explaining Milei's economic plans, which on the campaign trail included dollarizing Argentina and shuttering its central bank.
Argentina is the IMF's largest debtor nation as it struggles to tame inflation approaching 150%.
Milei will take office on Dec. 10 at a time when over two-fifths of Argentina's population is in poverty and a recession looms for South America's second-largest economy.
Earlier on Monday, Reuters reported that a previously announced visit to Buenos Aires from former U.S. President Donald Trump - seen by many as much closer to Milei ideologically - is unlikely to happen, according to a source close to Trump's 2024 presidential campaign.
#19985485 at 2023-11-27 17:09:09 (UTC+1)
Q Research General #24534: The Surveillance State Edition
>>19985469
Milei Begins Whirlwind U.S. Tour with Jewish Holy Site Visit in NYC
Argentine President-elect Javier Milei announced on Sunday night he would be flying to the United States overnight and making stops in New York and Washington, DC, on Monday.
Milei landed in New Jersey on Monday morning, the Argentine newspaper Clar?n reported, and began his travel to New York City.
Milei, a libertarian economist who first held elected office in 2021, won a decisive victory in the November 19 presidential election against current Economy Minister Sergio Massa, an establishment socialist whose tenure has corresponded to historically high levels of inflation, unemployment, and poverty. As a presidential candidate, Milei repeatedly stated that he would seek to realign Argentina's foreign policy - inclined towards growing ties with rogue states such as China and Iran during the 12 of the past 16 years it has been led by socialist presidents - toward making America and Israel the country's top allies.
Milei posted a photo on social media before departing alongside Luis Caputo, the man he has chosen for minister of economics, and Nicol?s Posse, who is expected to take on the chief of staff role.
https://www.breitbart.com/faith/2023/11/27/argentinas-javier-milei-begins-whirlwind-u-s-tour-with-jewish-holy-site-visit-in-nyc/