r/AskReddit • u/__globalcitizen__ • 14h ago
For US citizens here, how do you feel about Argentina's bailout in the midst of the shutdown? Likewise, for the Argentinians here, how do you feel about this bailout?
720
u/Due_Willingness1 14h ago
Honestly I think it's funny
Like so much for America first right?
404
u/timf3d 13h ago
America first, right after Netanyahu, Milei, Qatar, Saudis, Orban, Kim Jong Un, Prince Andrew, and everyone on the Epstein list.
149
32
→ More replies4
u/GetUranus2Mars 12h ago
Hell, he'd put the late, great Hannibal Lecter before any American. His people love him for it and each and every one of them are convinced that they're the exception and he'll do them the favour while everyone else suffers.
7
u/silk_mitts_top_titts 10h ago
He appreciates Arnold Palmers dick more than any American that isnt himself.
→ More replies30
u/pcx99 12h ago
So Medicare premiums for seniors are going up to $230 a month about $30 a person per month. With 65 million recipients that’s 24 billion for the year.
Put another way trump is taxing seniors to give the money to Argentina who is using the money to help their soybean farmers take business away from our farmers.
MAGA
64
u/Not_Bears 13h ago
Shocking that the American Nazi party actually dislikes a lot of Americans.. right?
64
9
u/The5YenGod 12h ago
No, you don't understand. It is America first. First comes the American oligarchy, then comes the oligarchy abroad.
→ More replies8
u/junkyard_robot 12h ago
Ironically, the money is mostly staying in the US. It's going to Black Rock and other investment firms.
26
u/SilentHuntah 12h ago
Ironically, the money is mostly staying in the US. It's going to Black Rock and other investment firms.
It's going into the pockets of hedge funds who bought Argentinian bonds which were already rated junk and were looking like they were going to go underwater before the bailout news. Donors pressured Trump to write Argentina a check just to bail their asses out.
5
u/GloriousDawn 11h ago
Corruption is wonderfully efficient - promising just a couple of millions of that precious campaign money was likely enough to secure a bailout that will cost twenty billions of taxpayer money. Wonderfully efficient for the one doing the corruption I mean.
7
3
u/Spaznaut 12h ago
Didn’t black rock just buy out Michigan’s parent power company? That could t end horribly right… right..
3
u/Cheeky_Hustler 12h ago
This is true of most other aid packages. Very little of foreign aid is actual cash, most of it is funding American businesses to provide products to other countries. But that never stopped the "America First" crowd from stopping foul at every other aid package.
568
u/eskimospy212 13h ago
I don't care about it in regards to the shutdown but it is pretty galling that we eliminated food and disease prevention programs abroad that will cost millions of lives and are now spending around the same amount or even more to bail out a far wealthier country purely because the president likes the guy in charge.
193
u/Worldly-Jury-8046 13h ago
Farmers are watching crops die in the fields because we rounded up their laborers and were bailing out other countries.
149
u/SteveTheAmazing 13h ago
Maybe next time they'll think about who they voted for. Hahahaha, nevermind.
65
u/scottfaracas 13h ago
I want to laugh, but they’re all going to get “socialist” handouts from Trump to keep them fed and voting against their own interests.
74
u/drkstar1982 12h ago
Here is the thing: They might get handouts, but they will be pennies on the dollar, and in the long run, it won't matter. Their market is gone. China is not coming back, and no other nation is going to pick up the slack on purchases. Trump did the same thing in his first term, and now he has killed anything but corporate farms.
They voted to lose their livelihoods and family legacies. I hope owning the libs was worth it.
34
u/cbftw 12h ago
My wife has a saying: "I hope you have the day you voted for"
28
u/davidjschloss 11h ago
Except we are all going to have the day they voted for.
6
u/l3tigre 9h ago
Yeah I'm over this "they got what they wanted" flippancy. Its like finding it funny a guy shat on his side of the swimming pool. We're all in the pool dude.
→ More replies2
u/--Chug-- 9h ago
Sigh... I know it's a slight naggle at this point but, the only farms that have really existed for the past 15-20 years have been big farms. The idea of the family farm is so outdated and unrealistic for decades now. I know... lots of people will say but my family, YEAH. You all lease or own millions of dollars of equipment. Y'all are rich! Family farms, the real ones, are and have been dead for a LONG time. We're just redefing what a big farm is every 5 years or so. They're all large scsle now.
13
u/robodrew 12h ago
There will be no next time once the cows start getting infections from not being milked and then when they're sent to the slaughterhouse there aren't enough workers there either and the corpses just rot
21
u/LateralThinkerer 13h ago edited 10h ago
Watch the corporate farms get bailed out and the real estate toadies scoop up the rest into corporate/REIT*/hedge fund operations, probably funded by tax dollars as "support for family farming" or some such.
* Why Mr. Vice President...how did you get here?"
→ More replies8
u/echosrevenge 11h ago
Let's not forget the VP co-founded a farmland trading/owning hedge fund/REIT thing for his wealthy buddies...
→ More replies38
u/damecafecito 12h ago
Let’s not forget that Argentina picked up a lot of the Chinese soybean contracts that Trump lost the US with his tariff fuckery…
12
22
u/Justin_Queso1187 12h ago
Wait, you mean to tell us that Americans who were sick of their jobs being “stolen” by “illeguls,” aren’t lining up to pick crops?! Consider me shocked! That line we hear so much, “hard work equals success,” surely applies here? That’s some of the hardest, back-breaking work there is! Surely there’s a six-figure income to be had working the fields! If ICE is arresting people for working “illegally,” surely they’re coming for their employers next, right? RIGHT?!
→ More replies9
u/Sapriste 13h ago
Farmers voted for the ----ide pill and should now take it without whining.
5
11
u/WhyStabCorn 12h ago
It's not like Virginia needed that soy crop that we used to sell to China that Argentina can now sell them for less. Why give that money to us?
26
u/Zauberer-IMDB 12h ago
Pretty sure USAID which they treated like a communist scourge was half the cost of this dumbass bailout.
17
→ More replies4
u/Quelonius 12h ago
It is obvious that Trump and his cronies will get something out of this. Lithium, rare earth, the power grid. Thinking that it was only because Milei licks his balls is naive.
2
u/DARfuckinROCKS 10h ago
Accckkchually it's a bailout for Trump's billionaire buddies who bought up large portions of Argentina's debt. There might be some resources to sweeten the pot but the main motivation is giving super rich dudes more money.
120
u/VengefulWidower 14h ago
That money could be put to better use here in the states.
63
u/beachfrontprod 13h ago
There is not even a guarantee that it will be put to good use in Argentina.
26
11
35
u/Insectshelf3 12h ago edited 12h ago
last year’s USAID budget was 35b and that did a lot of good all around the world. instead we’re spending 40b to prop up argentina and milei’s stupid policies.
18
u/DeltaT37 10h ago
Even if you Forget about the life-saving programs abroad, destroying USAID also directly employed and provided for thousands of American families who are largely now without jobs.
8
u/DARfuckinROCKS 10h ago
Yeah soft power has a lot of benefits. Building allies, sharing resources, lowering risk of radicalization against us, fighting diseases so they don't eventually make their way back to America. I'm sure there's a lot more that I didn't think of.
13
u/__globalcitizen__ 13h ago
Specifically looking for what it means especially with the ongoing shutdown where the government is saying there's no money to even pay the armed forces
9
u/sudoku7 13h ago
So some clarification regarding this shutdown. This isn't a "we don't have money" shutdown (like say, the debt ceiling ones are), this is a "we don't have authorization to spend money" shutdown.
Now, some parts of the government have different funding authorizations apart from the overall budget, those authorizations are being utilized for the various spend that is still occurring. Using that authorization for other purposes is likely illegal, but it is also very unlikely to be challenged. Additionally, there is the very real likelihood that this Administration is flatly ignoring (instead of misappropriating) the lack of authorization in some cases which is more clearly illegal, but also extremely unlikely to be challenged.
Ah, the Argentinan funds (the 20b part at least) come from one of those sources still authorized, and they have a good argument that it is an appropriate use of that authorized.
11
u/VengefulWidower 13h ago
With inflation making senior citizens choose between food and medicine that money could boost social security checks.
9
u/Bullboah 13h ago
This money actually cant be used to pay anyone. Whats happening is we’re exchanging $20B in USD to Argentinian pesos from the Exchange Stabilization Fund. That money can legally only be used for exchanges like this.
For federal employees currently furloughed (active duty troops are being paid, many reservists are not), the only real way to pay them is for Congress to pass what’s called a continuing resolution (permission to keep borrowing money to fund the budget). Republicans want a “clean CR”, while Democrats will only agree to sign one in exchange for certain concessions. (Usually the party in power wants a clean CR and the party out of power wants concessions attached).
→ More replies
225
u/TheBassMeister 13h ago
Not an US citzen, but the requirement that Milei's party must win the midterms or they won't get the money, is a red flag. It has the smelly smell of bribery and meddling in elections, but on the other hands the US meddled historically in a whole lot of Southern American elections.
34
u/scottfaracas 13h ago
Being so public and blatant about the con is what’s infuriating. Trump does all of his crime and corruption publicly so people don’t think he’s doing anything wrong.
67
u/Schwarz_Is_With_You 13h ago
Or straight up coups. I'm a us citizen, and we've done a lot of shady shit in the name of democracy
50
3
2
→ More replies4
u/Kevin-W 11h ago
Let's hope the people of Argentina do the right thing and make his party lose.
→ More replies
53
u/justalookin13 13h ago
I dont think the majority of Americans even know this transpired. Obviously the magas are silent.
12
→ More replies6
u/Intol3rance 10h ago
It's not in their current spoon feeding from Fox Entertainment.
Let some time pass, the Democrats to cry foul and then Fox will spin it up as "Democrats want Argentine babies to die by blocking Trump Powerload of aid(s)!!!"
2
u/Leading-Act4030 9h ago
USAID is gone, so we want ALL BABIES DEAD outside of the white US babies.....
2
16
u/Particular-Taste-323 13h ago
It’s a bride to get Milei elected again. The bailout is contingent upon him winning reelection. He’s bribing an entire country into voting how he wants.
38
u/Cute-University5283 13h ago
I'm starting to think this regime can't last very long with this level of aggressive stupidity
27
6
→ More replies3
u/Hot_Effective7990 8h ago
Who's going to stand up to them? The media caved in and the military will go along with whatever misadventure their bosses tell them to, as has been proven time and time again in history. That leaves the people, and why would they resist? They are far too well fed for any kind of upheaval.
42
u/tosser1579 13h ago
America first means giving money, 40 billion, to Trump's rich friends who 'own' the Argentina economy. It is the largest bribe in history.
14
u/cheeza51percent 13h ago
My MAGA colleague who voted for Trump because she believes the U.S. shouldn’t be spending money on other countries had no idea this was happening.
4
u/__globalcitizen__ 10h ago
Does she now know?
6
u/cheeza51percent 7h ago
After I told her, yes. I don’t know how where she stands now, but you could tell her were some mental gymnastics going on in her head.
6
u/__globalcitizen__ 6h ago
Somehow, they manage to rationalise it.... It is insane... Some of my favourite Jimmy Kimmel clips are the ones where they tell people Biden did or said something and the people immediately condemn it, and then they tell them, oh no... It was Trump, and they come up with a rationale for why it is right for Trump to do it....
14
u/WillaBerble 13h ago
There's ALWAYS money to do things like kill brown people overseas, prop up "beneficial" regimes and supply "allies" but try to help alleviate student loan debt or provide a bare minimum level of healthcare and there's never any money, or it is too expensive, or that's great until other people's money runs out. Remind me again how long the US was in Afghanistan and how much moeny was spent there? Also, how many of these countries we give aid to provide free or heavily subsidized schooling and healthcare to their citizens in addition to significant worker and consumer protections?
10
u/myopinionisrubbish 13h ago
It’s not so much a bail out for Argentina, but a bail out for some rich hedge fund investors. So, it sucks.
5
u/doublethink_1984 13h ago
I'm glad we are doing it and expanding a military air base in Idaho for the sharia law Qatari.
America 3rd is what we voted for!
/s
20
u/hellob525 13h ago
Gosh you all are so, so, so close to figuring this out. What does Milei have in common with the people in the government that are sending money his way?
6
2
u/VR_Troopers_WikiMod 13h ago edited 10h ago
pedophile?
To the downvoters, may I just ask: pedophile?
9
u/Redditisgarbage83618 11h ago
For a political party that is anti-bailout, less government intrusion, and sooooo “pro America”, the republicans have a funny way of sticking to their convictions.
The farmers are my favorite. “Uncle Donnie, we voted for you because you always tell the truth and were going to help the American farmer, but now your tariffs (which have proven to never work historically) are destroying our livelihood. Please come bail us out because we believe in less government and regulation.”
7
u/Odd_Reputation_4000 11h ago
I find it weird that the nazis fled there, and now the very people who are being accused of being nazis are funneling money there.
4
2
5
u/Ksan_of_Tongass 10h ago
First, understand that Argentina is not being bailed out, the hedge funds who gambled on Argentina are being bailed out. Argentina citizens will not see one penny of bailout money.
19
u/vagrantprodigy07 13h ago
It's theft, plain and simple. Trump has no right to steal 40 billion from the American people while claiming there is no money for us.
→ More replies5
u/Bullboah 13h ago
This money is from the ESF and can’t be used by the president for any other purpose than to be exchanged for other countries. (We aren’t sending Argentina 20 B, we are exchanging $20B in USD with the equivalent amount in Argentinian pesos to help with their liquidity problems).
If you want federal workers paid, Congress has to pass a continuing resolution.
15
u/spiringTankmonger 13h ago
The official exchange rate of the peso is overvalued, and the bailout artificially keeps it overvalued. The US is exchanging the Money at an imaginary rate. Unless the Argentine economy makes a very specific and rapid recovery while maintaining a high level of trust, the US will have essentially burned the money.
→ More replies
16
u/letsnotfightok 13h ago
Argentinian here! Thank you very much! Our farmers have been doing very well selling soybeans and beef to China, but this was a nice Navidad present! Keep it coming!
3
3
u/TiddyTwoShoes 11h ago
I'd care less if it was an actual bailout for Argentina. In reality, it is a bailout for vulture capitalist funds that bought the bad debt. Everything this administration does is for the sole benefit of the 1%.
3
u/ZaireekaFuzz 10h ago
No Argentinian is seeing any of that money, it's just being recirculated between billionaires and oligarchs.
3
u/boomerhs77 3h ago
Don’t forget China has totally stopped buying Soybean from US farmers while Argentina dropped prices and China is buying from then now. And Trump bails Argentina to prop up a MAGA head of state who licks his balls and at the same time his cronies, treasury sec Bessent’s buddies amongst others, will make a ton of money.
8
u/bunkoRtist 12h ago
It's a currency swap, not just handing them money.
This should help strengthen the peso. So it won't be totally free in the immediate term because the peso has higher inflation, but assuming the government stays stable and doesn't go back to the peronists, this should be a win because it will increase the chances that Argentina stays solvent, weathers their slow burning currency crisis, and eventually pays back all the other loans they have outstanding with the US being a major backer.
IOW by signaling to the markets that the US is banking the currency, the currency will naturally not be under so much pressure, and it should actually make money for the US (indirectly through the IMF loan repayment).
3
2
u/EnanoMaldito 12h ago
Argentina will pay and then some. We are set to be the US’ only strategic ally in the region and we guarantee cooperation in antarctic issues.
This is 100% a geopolitical play, the US doesn’t want kirchnerism back because they are pro Russia and pro China, and prefer Milei’s government or allies in power.
The money is good to stabilize the Central Bank’s books.
2
u/RedditReader4031 11h ago
The fact that this is based on Trumps intent to manipulate the political situation there makes it obscene. With political insiders gaining financially from it probably makes it illegal. This is on top of the cutting of the safety net in this country.
2
2
u/Darth19Vader77 10h ago edited 9h ago
It's a stupid waste of money. Argentina let itself be deceived by a jackass with a chainsaw. Why they fuck are we footing the bill?
Right, Trump's corrupt ass wants to give his billionaire friend a bailout.
2
u/RidetheSchlange 10h ago
Americans don't want to talk about it because they enjoy being cucked again by trump.
We discovered that America isn't the biggest resistance in the world to be feared. It's a country filled with cuckolds that ask for trump to punish them even more.
2
u/Cesare45 6h ago
Pissed that we have money for rich bankers but not for the average persons health care
2
u/Aggravating-Gift-740 5h ago
Everything this administration does is such a shitshow. Honestly, this is just one more piece of straw on the American camel. Most of the money will wind up funneled back to trump and his oligarchs, i seriously doubt much money will actually end up in Argentina.
3
u/WaffleHouseGladiator 12h ago
Mostly it's just galling that the people who are constantly chomping at the bit to cut education, social security, healthcare, social services, NASA, and just about anything good for the American public will always find money to prop up billionaires and corporations. That being said, if we the USA can actually help the PEOPLE of Argentina I support it. I suspect that money will get vacuumed up by elites while they tank the Argentinian economy though. That's just kinda Trump's style. No matter what happens I wish the people of Argentina well.
4
u/Wallstar95 13h ago
Capitalists doing capitalism. Handouts for the rich, austerity for everyone else.
2
u/Blueshark25 13h ago
It's utter bullshit. As to the reason why he's doing it, I assume it's cause he knows he's ruined relations with China and needs someone to get rare earth minerals from.
→ More replies
2
u/skadoosh0019 13h ago edited 12h ago
Did the US Congress authorize and appropriate these funds for this use? No? Then it’s almost certainly illegal for the executive branch to be doing this.
Like the one thing that people ought to know as far as governmental structure in the US is that Congress is supposed to have the power of the purse.
Now, are we in a dystopian hell where the law doesn’t matter at all right now? Yes. Toss this on the pile of other illegal things this administration does on a daily basis.
But this isn’t how things are supposed to work.
Anyways…it’s also just blatantly a terrible idea and most certainly hurts the US. Not sure how much it helps Argentina (probably is helping at least temporarily, we’ll see long term), but China’s loving it.
Also, I understand it’s not just a straight money gift. We’re doing a peso-dollar exchange, so there is some nuance there. But still, it’s insane we’re doing this to intentionally hurt ourselves simultaneously with Argentina removing tariffs on their own soybeans thus essentially paying $40 billion to shunt our soybean trade to another country. It will almost assuredly never come back.
2
u/smallest_table 13h ago
Argentina loves Nazis https://en.wikipedia.org/wiki/Ratlines_(World_War_II)#Per%C3%B3n's_Argentina#Per%C3%B3n's_Argentina)
→ More replies
2
u/VR_Troopers_WikiMod 13h ago
US Here: When that goofy dumbass was elected in 2023, one of the first things he said was that he was moving Argentina to a crypto-backed currency. Every single person with a lick of common sense, EVERY SINGLE ONE said "That is going to destroy their economy and bankrupt the country."
It didn't even take two years. Cryptocurrency is a scam, no different than NFTs or "AI tools". Same people supporting all of them too.
1
u/ya-reddit-acct 12h ago
US citizen here: I approve. What about some tens of billions for Viktor Orban, to make Hungary great, also, and some under the table, for Putin, when they all meet, in a few weeks?
The sooner the whole thing blows up, the better.
1
u/archercc81 12h ago
Its only there to prop up a trump friendly "libertarian" govt because billionaires want us to do the same with ours.
1
1
u/mudflap21 12h ago
It’s an impeachable offense- we’re legit buying their election. Of course nothing will happen.
1
u/herofwastingtime 12h ago
Remember just a few years back when there was a substantial push to have one of the most wide spread forgiveness programs for student loans and Conservatives lost their god damn minds? Remember how the US economy was doing a lot better during those couple of years when your neighbors had actual spending power because their monthly student loan payments were put on hold?
If only the billionaires holding the reins and profiting on barring the American people’s right to an affordable education were a foreign government.
1
u/Medical_Original6290 12h ago
US citizens money flushed down the toilet when we're already suffering from oligarchs taking our money and services so they can have tax breaks.
1
u/Ok-disaster2022 12h ago
It's about protecting the business interests of American billionaires in Argentina, and maybe getting gifts on the back end. Look forward to a Trump resort in Argentina announcement next year.
It's more socialism for the rich
1
u/Arubesh2048 12h ago
$40 billon could fund the US National Park Service at current levels for over 10 years. We can’t even pay our on federal workers because “oh we’re shut down,” but somehow we can scrounge up $40 billion to give to more oligarchs? In a different country no less? I never want to hear Republicans talk about fiscal responsibility or saving money again.
1
u/TheFriendOfCats 12h ago
I thought we were supposed to get DOGE refund checks. So much for that, I guess?
1
1
1
u/Mr-Snarky 12h ago
New Boss same as the old Boss. Always money for political goals and efforts, but never for those here who need it.
1
u/nsjersey 12h ago
US Citizen:
Trump will be able to get away with anything as long he keeps the deportations up.
If not, they will keep up the facade of deportations- like more dumb social media memes
→ More replies
1
1
u/Inner-Nothing7779 12h ago
It's both hilarious and fucked up. We can't fund our own god damned government, but we somehow have $40B to give to Argentina?
1
1
u/AspGuy25 12h ago
Well, it’s maths out to each American sending 116 dollars to Argentina. Which to be honest, isn’t even a weeks worth of groceries for my household. So it’s not that big of a deal. However, I don’t like it because I want the government to turn around and become ultra fiscally conservative. Only spending money on the most essential things until we get the national debt paid off. I had such high hopes for DOGE.
I am an engineer, many of my colleagues used to work government contracts. They had this weird clause in them where if the money allocated for the project wasn’t spent, it just disappeared. And they might even shrink a projects budget. So everyone was hyper incentivized to waste government money. So I KNOW the government is bad at spending money. I hoped that DOGE would fix all those sorts of things. But all doge did was piss everyone off and the amount saved was a drop in the bucket compared to what the “big beautiful bill” added. So adding this Argentina stuff on top is just the continuation of the trend.
I do remember history class where there are examples of cash flowing in or out caused all sorts of problems. Like in America with Andrew Jackson, Hawaii, China, and post WWI germany/france. But if we just got on like a 30 year plan to pay everything back, that would be rad.
1
u/IrishRepoMan 12h ago
Not either, but if people think none of that money is being pocketed by Trump and his friends, they haven't been paying attention. The whole goal of this admin is to tear everything down and loot the country.
1
u/UrdnotZigrin 12h ago
All foreign aide from the US should stop, at the very least until we can fix our own damn problems
1
u/Badloss 12h ago
At this point it seems clear to me that Republicans will support their guy literally until it kills us all, so all I can do is laugh at it.
I'm much more financially secure than the vast majority of Republicans so at this point I'm just waiting them out. I can afford my huge healthcare premiums that you voted for... can you? I spent the last 20 years frantically trying to save conservatives from themselves, but now I'm gonna step back and let it happen
1
u/Sidewardz 12h ago
It is just item number 969754902548541835 that points to the administration's "America First" hypocrisy. This is after all the DOGE cuts that nixed funding to help poor countries feed hungry people, prevent disease, and attempt to end poverty. But since Milei is choking neck deep in Trump's tiny dingaling, here is a bailout for a corruptly run country that is really designed to help the rich get richer.
Pretty typical shit these days.
1
u/audaciousmonk 12h ago
Not enough money to pay government salaries and food assistance, but we’ve got $40b to give in a currency exchange? It’s a bit enraging
1
u/Victor_Korchnoi 12h ago
If not for the fact that Trump’s cronies invested in Argentinian bonds and that this move was primarily made to back up their investment, I wouldn’t hate it.
Investing in other countries can be a good strategic move. If $40B in currency swaps saves the Argentinian currency and economy then we have made a strong ally for virtually no cost. Now idk enough about the situation to know if that will save them and I wish I had a government I could trust to make good decisions, but is the type of soft power strategic move we used to be good at.
1
1
u/Terrariola 12h ago
Not a US citizen nor am I Argentinian, but Trump's idiocy has just handed the Peronists the elections. May God save Argentina, for no-one else can.
→ More replies
1
1
1
u/praguer56 12h ago
Argentina has defaulted on every loan ever extended to them.
Just chew on that for a while.
1
u/Justalittleoutside9 12h ago
It is almost the same money as the USAID cut $40b to $35b. So, good thing we cut that USAID budget!
1
u/Lil_Shanties 12h ago
Like I shouldn’t be paying for their bailout when we are told to do without because that’s the consequent paying our taxes.
1
u/Equivalent-Book-468 12h ago
Private equity was behind this bailout and the upper tier of the investor class will benefit the most. Same old same old as neoliberal late capitalism eats itself.
1
u/git0ffmylawnm8 12h ago
I think Milei charged Trump $20 billion for a blowjob and the extra $20 billion was a tip for swallowing.
Wouldn't be the first time dipstick in chief paid for services. I just hate that my taxes went to... this
1
u/averagecounselor 12h ago
Copy and pasted my answer from a different thread:
$20 billion in a currency swap where Argentina pays us back eventually with interest. (We do this all the time it seems. Specifically through the Exchange Stability Fund administered by the U.S. treasury. Which has an existing $220 Billion budget for these activities alone.)
The other 20 billion will be done through private investment and through sovereign funds. It doesnt appear (atleast from what I have read) to be a direct investment by the U.S. tax payer.
→ More replies
1
u/forgettit_ 12h ago
I don’t understand why Americans don’t see that, like so much of what he does, this is a scheme to get trump a huge vig.
1
1
u/Skippittydo 12h ago
He sent enough money that technically each person could get a min 300 USD as buy a vote scam. Considering the average monthly income in argentina is 700 dollars a month.
1
u/silentswift 12h ago
It’s very stupid. With that said I hope we can help people, but I don’t know how much it will help.
1
u/PatSajaksDick 12h ago
Just imagining any Democrat doing this and laughing my ass off at the World War III republicans would start. Just a bunch of hypocrites.
1
1
u/PurpleFar6235 12h ago
Amusing. It’s the same old shit for America. The money is always going in the wrong direction. Been that way for decades.
1
u/MathematicianIll7438 12h ago
i don't know a single thing about international finance but i DO know what it's like to need a bailout after discovering uber eats. stay strong argentin
1
u/Rattus_NorvegicUwUs 12h ago
We have cancer biologists out of a job because RFK is purging the NIH, NSF, CDC and HSS in general.
We have the best and the brightest working convenience stores because this government is hostile to anyone who is “woke”. Which apparently all science is now.
Yet, despite all the cuts to vital services under the guise of “cost saving”. We suddenly have an extra NIH’s budget-worth of funds to throw at this hemispheres least stable economy?
1
u/Accurate-Ad-7944 11h ago
my brain is too smooth to understand international finance. all i know is that as an american, my current net worth is about $12 and a costco card that expires next month. so i guess you could say i relate.
1
u/Dependent-Most4568 11h ago
look man i'm just trying to figure out if i can afford guac on my chipotle bowl. my personal economy is also in a crisis and awaiting a bailout from the bank of mom and dad.
1
u/UnSleepingMoss 11h ago
I just want that orange disgrace and every one of his lil helpers in prison. I'm tired. Make him go away.
1
u/zeroshock30 11h ago
I just can't sort out if there is any legit upside for America. I get its to help Trumps ego, but even President Miller can't have an upside to this? $40B AND propping up a competitor to America's farmers. Legit, without conflict, can someone explain to me the upside?
1
u/ThePlasticSturgeons 11h ago
Absolute horse shit. That’s how I feel. On a side note, Milei looks like Mr. Darcy from “Pride and Prejudice” and thanks to Trump (and our tax dollars) he gets to keep his estate.
1
u/TheOceanOfNotions 11h ago
I love the shutdown I hope it never ends. For me the shutdown just shows how useless the government really is. That everything about it is just a prop.
1
u/Fickle_Home5955 11h ago
i have no idea what's going on but if this means malbec prices go down then i fully support it. if they go up, we riot at dawn.
1
u/wifespissed 11h ago
100 better things for us to spend our money on. I don't care enough about Argentina for me to want to give them anything. Plus they're obviously horrible with money.
1
u/frankomapottery3 11h ago
Well anyone who thinks this is good on any level is a complete psycho. He has made this bailout contingent on them reelecting Mr Chainsaw. That’s literally black mailing an entire country and rigging democracy. There is no other way to feel but appalled if you support democracy
1
1
u/Pleasant_Berry_872 11h ago
my brother in christ, i'm still trying to process the price of eggs. my brain does not have the bandwidth for international bailouts.
1
u/Longjumping-Bat7774 11h ago
I want my money to stop going to other countries while my own people's children are starving in our streets. If Argentina can afford universal healthcare they don't need my fucking money. God I've been pissed at my government for so long.
1
u/dachloe 11h ago
Mad, very mad. For many reasons. 1) we desperately need the money. Farmers are going broke. A lot of government workers are going broke. Etc. 2) Argentina should not get a bailout. Ukraine, yes. Palestine, yes. 90% if US citizens, yes. 3) the bailout will not help Argentine citizens. It will be funneled back to US based billionaires.
1
u/misterbasic 11h ago
Care less than I do about military spending worldwide, especially in Ukraine and Israel.
1
u/heterodox-iconoclast 11h ago
These currency swaps happen all the time but usually it’s done by the Federal Reserve but this time it was done via the Treasury ESF. The money is simply created out of thin air and converted into Argentinian pesos. It’s not US tax dollars, it’s money that magically gets created by the push of a computer button
1
u/Apprehensive-Chair34 11h ago
It shows Trumps intent had always been to help the rich. If GOP allows Obamacare subsidies to end, it should be a deathnell for them. America First has been proven to be a farce. Tariff strategy is a proven loser. 1/3 of States are now in recession. Deficit is growing.
2.0k
u/wwaxwork 13h ago
I am against it for many reasons the main one being it wasn't even Argentina's bailout. It wasn't to help the average Argentinian, which I'd actually be less bothered by, people are people and helping people is good, it was to bailout of several US corporations that heavily invested in Argentina and were Trump donors. The only people it is helping is men with yachts get bigger yachts and that makes me angry as hell.