Can someone inform me what happened in Argentina?

US going all in on their new “Americas First” geopolitical policy. Central and South America better buckle up.

Any Argentinian Nostriches to follow?

a dollar intervention is so fiat style "There is no money." -- President Milei

I guess they will be the first country with USDT as official currency! Let's see

The country $37t in debt gonna buy another countries debt. Dope.

Don't fall for it! Its just more poison to kill us off!

The reason is that the Peronistas won the provincial elections, convincingly. Markets are not taking it well (currency, stocks etc.). Meanwhile Milei's team took the (imo) ill considered decision to create a slowly expanding "band" (think soft peg) around the ARSUSD exchange rate. And the ceiling of...

nostr:nevent1qqsgcdcj9avt34xsg852mjdwjtqpgvn0yqe2jgeur6d8kt0tp7h6sespzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtczyq60r24xk9ggmc96k0cgd39atw7hk58ctx29r3hx3ty4tlyrdc7dvqcyqqqqqqghj537s

Shocked 😮

It's as if Miles was full of shit and actually did nothing but enrich himself and his cronies. Populists, incompetent people that are the loudest.

"Protect the ponzi by all means possible. I repeat, by all means possible." https://saifedean.substack.com/p/anatomy-of-the-milei-ponzi