[HN Gopher] US Launches Financial Rescue of Argentina, Treasury ...
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US Launches Financial Rescue of Argentina, Treasury Buys Pesos
Author : toomuchtodo
Score : 18 points
Date : 2025-10-09 20:54 UTC (2 hours ago)
(HTM) web link (www.bloomberg.com)
(TXT) w3m dump (www.bloomberg.com)
| toomuchtodo wrote:
| https://archive.today/949zj
|
| https://x.com/SecScottBessent/status/1976358303098662932 |
| https://archive.today/Imbkx
|
| https://x.com/JMilei/status/1976367312329380180 |
| https://archive.today/9aEyd
| celticninja wrote:
| No universal healthcare and college education costs through the
| roof, but Israel and Argentina getting handouts like it's Xmas
| day.
|
| Your farmers are collapsing and going bankrupt, your job creation
| is falling, you are cutting SNAP benefits and billionaires are
| getting tax breaks.
|
| I just don't understand why so many Americans are on board with
| this.
| hackernewds wrote:
| They are not onboard. But the oligarchs and kings need a
| foreign residence to loot.
| bigbadfeline wrote:
| > But the oligarchs and kings need a foreign residence
|
| The political reason is saving the image of corporatism.
| Argentina under Milei was hyped as the libertarian paradise
| to happen real soon now. Unfortunately it went down-under
| even faster, exactly as everyone with a brain expected.
| xenospn wrote:
| Technically, the aid sent to Israel is an American jobs
| program. The money that is sent there goes directly to the
| military-industrial complex back in the United States.
| tyleo wrote:
| Reminds me of the AMD <--> OpenAI circular financing.
|
| America has practiced this trick well.
| bigbadfeline wrote:
| > The money that is sent there goes directly to the military-
| industrial complex back in the United States.
|
| So it's a ploy to expand the military budget beyond what was
| allocated by Congress. Either way, that's a money sink, not
| an investment.
| trod1234 wrote:
| The nature of human organization and political structure is
| based on a weighted asymmetry of power where some autonomy is
| given up in exchange for a greater survive-ability. This is
| inherent in the basic understanding of the social contract
| theory.
|
| The structure of the system itself has flaws in the same way,
| because of that asymmetry, on the positive side it allows
| someone capable to do great things with the resources
| available, but equally when you have a rotten cancerous
| parasitic crop of leaders, it spreads that corruption and toxic
| love everywhere just like Hexxus as he gets out of the prison.
|
| American's aren't on board when that sacred promise is broken
| by oathbreakers. It does take time for the abuses to accumulate
| before a population will be spurned to action, it always
| happens like this during the fall of empires.
|
| The environment becomes so disadvantaged and rife with abuse
| that the average person understands that there is no out, you
| can't get away, there is only through. The same as was
| brilliant depicted in Andor.
|
| People will starve, but the abuses are necessary to mobilize
| the population to action. It doesn't happen otherwise because
| the consequence is too great (existentially so).
| nocoiner wrote:
| I wonder which will turn out to be a better investment for the US
| government, the Intel stock or the Argentine pesos. I really
| don't think I'd care to hazard a guess either way...
|
| Gun to my head, I might actually say Argentina. Countries can't
| go bankrupt after all, but shareholders can always get wiped out.
| Jtsummers wrote:
| > Countries can't go bankrupt after all, but shareholders can
| always get wiped out.
|
| Yes they can, and they can default on their debts. Argentina
| has defaulted several times:
|
| https://en.wikipedia.org/wiki/Argentine_debt_restructuring
| nocoiner wrote:
| Default isn't the same as bankruptcy. If it were, Argentina
| wouldn't have gotten shafted by Paul Singer or had one of its
| naval vessels seized on a port visit abroad.
| mgh2 wrote:
| Countries can go bankrupt, it is just not shareholders, but the
| population that gets wiped out.
| nocoiner wrote:
| Countries can default on their obligations or become
| insolvent, but there's no sovereign bankruptcy forum for
| restructuring a country's debts in an orderly process by
| which all creditors are bound. That's the difference between
| insolvency and bankruptcy.
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(page generated 2025-10-09 23:01 UTC)