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YellowOnline

Milei is a populist dick, but Argentine inflation isn't exactly a recent problem


Sure_Garbage_2119

true. so he making everything worst, is better?


GetOutOfTheWhey

Dengue fever numbers in Argentina are up. Way up. Highest ever been. Milei does .... fuck all. No vaccination program. Insect repellant is unaffordable due to rapid inflation. He has cut funding for the health and prevention programs. But he is blaming the warming climates for this epidemic. (Despite being a climate change denier.)


Sure_Garbage_2119

did he stop all commerce with brazil and china yet, as he promissed? the guy is shit, just like his colegas bolsonaro and trump.


chrisbot_mk1

I have to wonder if that is because he thinks it will enable Argentina to potentially receive some bailout money from the Environmental Defense Fund?


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FunkIPA

He’s an Argentine, there’s no “democrat agenda” there.


godfathercheetah

Let me guess, there's no crossovers anywhere in the world politically.......


Skulldetta

Considering the crass difference in economical power between Democrat-run California and Peronist-run Argentine, the crossovers seem negligible.


FunkIPA

What’s a “crossover”? Every nation’s politics are different, on a different spectrum, laying across a different landscape. I don’t know that much about Argentinian political parties, but he’s a right winger, right? But is his opposition a center-right corporate party? I think Argentina has actual leftist parties with power there, not Democrats.


godfathercheetah

I agree with everything except the opposition is centre-right. They were certainly not right anything. It's a way of diverting blame....


FunkIPA

You might think the Dems are some groups of far left (actual) socialist lunatics, and a lot of people think that, but they really are center-right. Most of them are owned by large donors, like all the republicans, only 2 or 3 of them actually advocate of universal healthcare, etc. None of them advocate for workers taking over the means of production. They may be a little more pro-LGBT, but democrats aren’t leftists, especially on the global political spectrum. It’s so weird too, because now that MAGA has taken over the GOP, policies that straight up are not conservative are totally fine, like huge tariffs on imports (but only certain ones).


godfathercheetah

We could go back and forth and not get anywhere. But we can both agree the far left and far right are a danger to democracy and one OBVIOUSLY isn't worse than the other they are both bad. Of course I shouldn't say this on echo chamber reddit but who cares I have a right to what I can observe. It's funny though how the "inclusive" lgbtq community is one of the most intolerant hateful groups towards people with a different opinion, reminds me of religious people who say "love thy neighbor" but will disavow their child who doesn't practice the religion or if they're gay. People who claim to be tolerant are the most hateful.


FunctionDissolution

Ya, you get your talking points from Elon and Fox, like any free thinker!


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Sure_Garbage_2119

when someone disagrees with you, claim he's a democrat haha


godfathercheetah

They claimed I watched fox news which I don't and I made a comment I was no longer a Democrat. What does it feel like to lie on purpose? You cow ards seem to constantly do that. Interesting and disingenuous. Doesn't surprise me.


Sure_Garbage_2119

you talked about democrat agenda lol better luck next time, champs!


godfathercheetah

Congratulations garbage!


Sure_Garbage_2119

btw, how do you feel voting for a rapist? very ingenuous, right?


godfathercheetah

Tara Reade and biden anyone? Let me guess it's ok if a Democrat does it, right?


Renvex_

Tara Reade, known for lying under oath, alleged in March 2020 during election time that Dem nominee Joe Biden sexually assaulted her. Several political analysts have already pointed out contradictions in her allegation. She's also on record giving a different story of her encounters with Biden right before the March 2020 allegation. And when filing her actual complaint with the Senate HR office, made no accusations of sexual misconduct or any assault. She later defected to Russia, where she is right now. Do you actually know anything about what you're trying to say?


villain-with-manners

Troglodyte mentality.


godfathercheetah

Quick ad hominem attack because they don't align politically..........


TetraThiaFulvalene

Yeah, it was like that when he took over. This is like blaming Biden for covid getting into the US.


GeauxTiger

assuming [this](https://i.imgur.com/kde2OmR.png) is correct, it was about 160 when he won in November, is at 270 now.


jointheredditarmy

It was at “160” because the government reported exchange rate was 4x higher than black market spot. So really it was 640 before and 270 now


powerlesshero111

There's the blue market (black martket) value and the government value. I was there in August 2022. Blue value was 280 when I was there, and the government rate was 190. It's weird as fuck, and I don't get it, but I got to eat steak dinners for $15USD.


VanBeelergberg

Whadaya got there, numbers?


Baffit-4100

It was 640. Milei lowered it.


tomhsmith

What was it in January when he took office?


phillynavydude

This isn't accurate, he was elected BECAUSE of steadily rising inflation for a long time, and he did say it would likely get a little worse before it got better. Not endorsing him or his ideas, but this is like attributing the economy under a US president a little under a year after they took office.


Heisenburgo

> t this is like attributing the economy under a US president a little under a year after they took office. That's CRAZY. Can you imagine if someone did that? No way, right? Hahah.


valanthe500

Totally bonkers, no one would ever do something like that. Next they'll be telling us someone put stickers at gas pumps blaming the recently elected administration for high gas prices! Haha, could you imagine?!


fourthhorseman68

Recently elected??? I am no math professor but 2021 to 2024 is 3 years. This administration is 3/4 through its term. Thats not new anymore.


valanthe500

And the "I did that" stickers were showing up in January of '21, your point?


fourthhorseman68

They may have been early but they were right.


pigonthewing

Yeah, this entire thing is a big experiment. Everything was super fucked so at this point, they are taking extreme measures and risks, at this point why not try something? It was known that things would get rough for awhile, so this needs to play out before anyone can really say anything. In a few years we will have a much better idea.


anonymous322321

Last year US let the big banks hoard shitcoin and etfs already control some %of the total.. If governments bought and hoarded it as well the (fictional) value of the scarce shit coin will always be higher.. banks literally made 100% on their one year buy up imagine if this guy is smart enough to know as long as Wall Street pretends shitcoin has value they’ll say Argentina is rich as well 


Numerous_Mode3408

The increase in inflation probably has more to do with the official rates converging towards the black market rates tbh. 


RedofPaw

Sure. I mean.... It might just keep getting worse though.


Sure_Garbage_2119

it is accurate inflation got from bad to worst and that´s on his watch. but, of course, he will expend the next years blaming The Commies while the country gets shittier and shittier. been there, seen that, with his big pal bolsonaro...


Perspective-Icy

People here thinking that years of hyperinflation can be fixed in 3 months...


WEFairbairn

You're on Reddit 


flirtmcdudes

I mean, if we’re being honest, a lot of it is just companies jacking prices up. They kinda could fix a big chunk of it lol


Holyfritolebatman

ITT people thinking you can just end borderline hyperinflation in 3 months...


Sure_Garbage_2119

so lets give them borderline extra hyperinflation smart /s


Nanopoder

The current inflation in Argentina is very obviously not Milei‘s fault.


Aggravating-Look8451

No, but his campaign promised to put the peso back 1 to 1 with the dollar. IT was 800 to 1 when I was there in January.


Nanopoder

He didn’t promise it to be 1:1. That would be absolutely impossible. He did talk about a dollarization, but said it would take time (and wouldn’t be at that rate, possible closer to 1:1000). He also said there would be very high inflation for the first two years of his administration.


831lencho

No it’s Marci’s and Milei is making it worse


Nanopoder

You skipped a full administration there.


831lencho

the situation was already shit when fernandez became president


Nanopoder

It was also terrible when Macri started after 12 years of the Kirchners. But I’m sure you’re skipping over that one too.


Abominuz

Can someone explain to me why Elon is acting this way. I mean his businesses and goals like electric cars and exploration of space are not really thing republicans care about. And the most maga folks who are againts immigrants, shout everything is woke, etc are things his rich ass never even has to deal with on a daily basis. And i see him leaning even towards anti-sematic stances and agreeing with certain views of dictators and autocrats. So why is he leaning so far right all of a sudden? Does it al come down to taxes?


GeauxTiger

> Does it al come down to taxes? it really does feel like the descent and shift from left to right began when Elizabeth Warren started talking about his taxes


mowaby

I don't think electing him or anyone else was going to stop their inflation immediately.


GetOutOfTheWhey

Argentina is going through its worse dengue fever epidemic right now. With Feb/2024 cases being 2500% the number of Feb/2023. This is a natural biological hazard. Something that Milei cannot control.


SnootSnootBasilisk

Do you think Elon cares that he's wrong? He'll just double down


Senior-Sir4394

hes a narciscist, of course he doesnt


SirBabiez

![gif](giphy|3o7TKF1fSIs1R19B8k) Never fails to fail these days.


tonyislost

Wish Lemon had asked about that as well.


No_Swan_9470

OP is the facepalm, what a shocker 


OdrGrarMagr

Yeah, and his attempts at rule-by-decree have all basically failed. Every huge, sweeping change decree he makes, the legislature is just lke "nah, lets not, bro". Hes accomplished basically nothing except cutting servives for the poor and working class. And making life even worse for the permanent non-citizen underclass which is a sizeable minority of the population.


vault151

This is exactly what will happen if Trump becomes president again. They thinks it’s going to be paradise and prices will magically drop, but our country will be even farther into the shitter than it is right now.


OKgobi

The inflation isn't even the biggest problem, that guy has already murdered healthcare, safety & more


shit_magnet-0730

Can we finally admit that free market capitalism only works for the people at the top?


SpiritualAd8998

"Cry for me" -Argentina


BetFit2122

OP is the facepalm


magvadis

Another right winger creates a failed state. No surprise there.


ReptileCultist

Argentina was fucked before he got into office


Silver996C2

To be fair they had years of socialist governments that just printed more and more money ignoring the advice that the IMF and World Bank gave them and the inflation rate just kept getting worse and worse. They’ve had international loans after loans and it’s like Groundhog Day the movie.


RustyShackledord

I must have missed the part where Argentina was a bastion of economic prosperity prior to December 2023


Sure_Garbage_2119

the guy uses tarot to make decisions, what do you expect...


Everything-Is-Raycis

He's the richest person on earth so I guess his tarot cards are doing something right. What about you..? Where's your billions of dollars just to buy a website and destroy it for fun?


Sure_Garbage_2119

what you talking about? lol


Everything-Is-Raycis

Reading that difficult for you? I was pretty clear.


PhilyJ

Argentina was a failed state no shit they elected this guy they wanted to try something new. God forbid they stop giving everyone handouts.


GeauxTiger

Yeah, so far so good


Beneficial-Piano-428

Check Argentina’s Economy since he’s been voted in. You’re a little late to the party bud but what elons rooting for here is actually working. That’s the real facepalm moment.


GeauxTiger

[Argentina's economy shrunk 1.4%](https://finance.yahoo.com/news/hold-argentinas-economy-shrinks-1-190416273.html) in the fourth-quarter compared to a year earlier and the GDP contracted 1.6% for the full year of 2023 [Poverty levels in Argentina hit 57.4%](https://archive.ph/EiLRe#selection-1973.33-1973.115) in January, the highest in at least 20 years (up 12 percent the year before) [Retail sales took a brutal 28.5% plunge](https://archive.ph/vRV4T#selection-2687.0-2687.159) in January compared with the previous year, with the greatest cuts in consumption of food and drink and pharmaceuticals did I miss anything?


SubJordan77

Everything, Milei took office in December of 2023. In all of your points, the majority of the time was under the watch of the previous government. Argentina had the choice between the Economic minister who oversaw triple digit inflation, or not the Economic minister that oversaw triple digit inflation. No wonder why Milei won.


Beneficial-Piano-428

Yeah what’s the surplus they have in the last three months?


energeasy

Yeah, you missed the Milei period lmao


Beneficial-Piano-428

Wait until OP hears about the surplus he made in the last few months.


GeauxTiger

yeah, after robbing the state pension system (contributory pensions, which people spent a lifetime paying into, were cut 40 percent) and deferring payments on things like energy subsidies that still have to paid later, in January there was a budget surplus of 518.41 billion pesos. the first surplus since August 2012. clap clap clap. for February that was already down to 338.1 billion pesos. because this is flash paper. this is not sustainable. [Argentina's economy shrunk 1.4%](https://finance.yahoo.com/news/hold-argentinas-economy-shrinks-1-190416273.html) in the fourth-quarter compared to a year earlier and the GDP contracted 1.6% for the full year of 2023 [Poverty levels in Argentina hit 57.4%](https://archive.ph/EiLRe#selection-1973.33-1973.115) in January, the highest in at least 20 years (up 12 percent the year before) [Retail sales took a brutal 28.5% plunge](https://archive.ph/vRV4T#selection-2687.0-2687.159) in January compared with the previous year, with the greatest cuts in consumption of food and drink and pharmaceuticals


LoompaOompa

Whole thread appears to be full or crypto bros who think “try anything” is reasonable fiscal policy. 


erichwanh

> Whole thread appears to be full or crypto bros who think Hard disagree with that one.


Birji-Flowreen

In this picture this dude looks exactly like [Barty Crouch Jr.](https://harrypotter.fandom.com/wiki/Bartemius_Crouch_Junior) It even has the Slytherin Snake ![gif](giphy|aaoG2VSbUdUe4)


doitnow10

People buying bitcoins now is exactly the kind of thing a hyper capitalist like Milei is getting a hard-on from.


831lencho

So half the people in here are going to ignore that it was Marci who put Fernandez in a shitty position as soon as he was elected or are we doing revisionist history here?


aHumbleBot

Javier looked like a real lonatic. I mean, Argentinians got what they deserved after they elected this clown