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Started By
Message
White House bailing out Argentina with 20 Billion + rescue package
Posted on 9/27/25 at 10:17 am
Posted on 9/27/25 at 10:17 am
quote:
US plans to extend a $20 billion swap line to Argentina and is ready to buy the country’s foreign bonds, providing much-needed financial support to President Javier Milei as he tries to regain investor confidence and stem a run on the peso.
quote:
Bessent described the aid as a “bridge to the election,” referring to the Oct. 26 vote in which Milei is looking to boost his libertarian party’s presence in Congress.
quote:
Monetary officials blew through more than $1 billion last week to keep the peso within a trading range established in April as part of Argentina’s latest deal with the International Monetary Fund.
quote:
Bessent’s plan would mark an extraordinary turnabout for a US president who was elected on a promise to limit American military and financial interventions overseas in favor of focusing on domestic concerns.
quote:
The American Soybean Association criticized the Trump administration for aiding a country that’s rushing shipments to China in competition with US soy farmers’ harvest, which faces retaliatory tariffs in the Asian nation
Are we back to bailing out foreign countries again? What interest do we have in Argentina?
Overall this is a negative sign for our spending, as the govt continues to say one thing and do another. Reckless spending continues
Yahoo Finance Source
9
Posted on 9/27/25 at 10:38 am to UltimaParadox
If they are voting for socialism, then it is a horrible idea.
Posted on 9/27/25 at 10:50 am to UltimaParadox
Depends on what we get in return.
If they give us tariff-free access to their markets in return or agree to purchase items that are being hit with retaliatory tariffs in other countries it's a good deal.
If they give us tariff-free access to their markets in return or agree to purchase items that are being hit with retaliatory tariffs in other countries it's a good deal.
Posted on 9/27/25 at 10:59 am to UltimaParadox
Isnt Argentina booming right now?
Why do they need a loan?
Why do they need a loan?
Posted on 9/27/25 at 11:20 am to HailHailtoMichigan!
Seems their austerity approach might have reduced inflation, but is also constricting an already anemic economy.
On one hand it seems absurd to give them money that Milei’s corrupt sister will certainly get her hands on.
On the other hand, this could be the perfect test case to test Keynesian theory. …and let’s face it, if the current system fails the alternative will just be another attempt to get socialism right.
On one hand it seems absurd to give them money that Milei’s corrupt sister will certainly get her hands on.
On the other hand, this could be the perfect test case to test Keynesian theory. …and let’s face it, if the current system fails the alternative will just be another attempt to get socialism right.
Posted on 9/27/25 at 11:22 am to UltimaParadox
Everybody eats except the american taxpayer. Sick league
Posted on 9/27/25 at 12:18 pm to lsuconnman
quote:
On the other hand, this could be the perfect test case to test Keynesian theory. …and let’s face it, if the current system fails the alternative will just be another attempt to get socialism right.
One thing that is a constant with Argentina, the economy is always in a crisis. A bloated social system moving to the extreme opposite, somewhere a dam was going to break an economy that gets shook from any sneeze of a headline. Next up will be an extreme leftist and moves that swings the economy back into crisis. Rinse and repeat for Argentina.
Another constant, whichever move the US or any other foreign players make, you're going to lose long term. Just my opinion of what I hear mis Sudamericanos panas hablan.
Posted on 9/27/25 at 3:11 pm to Cdawg
(no message)
This post was edited on 10/12/25 at 4:50 pm
Posted on 9/27/25 at 6:32 pm to UltimaParadox
“America first”
Posted on 9/27/25 at 7:23 pm to UltimaParadox
quote:A swap line is not giving money. It’s a currency exchange, in this case dollars for pesos.
$20 billion swap line to Argentina
It’s implemented between the central banks of the two countries to provide free flowing liquidity and collateral is used to guarantee the unwinding of the contract.
Posted on 9/27/25 at 7:47 pm to UltimaParadox
I wonder who will bail us out when we can no longer service our debt? Because that time is coming.
Posted on 9/28/25 at 12:19 am to fallguy_1978
Yep that's the scary part nobody looking at
Posted on 9/28/25 at 5:48 am to fallguy_1978
We just keep writing checks when our own funds are getting bad to really bad.
Posted on 9/28/25 at 11:08 am to UltimaParadox
Brazil is the biggest power in South America and they are essentially a socialist authoritarian government. Much of the rest of the country leans extreme socialist. Milei saving Argentina using free market libertarian ideas is our only chance to have a friend on the continent and could be an example for surrounding countries if successful. The US helping Milei is a smart play.
Posted on 9/28/25 at 11:27 am to Drizzt
quote:
Milei saving Argentina using free market libertarian ideas is our only chance to have a friend on the continent and could be an example for surrounding countries if successful.
Bingo. Milei is on the right track. It’s just going to take time for the economy to get through the withdrawal pains. I get why people don’t want us to send money abroad anywhere, though.
quote:
I wonder who will bail us out when we can no longer service our debt?
We can always service our current debt. It’s denominated in our dollars which we are free to print, after all. What we can’t guarantee is the willingness of other countries to continue to make loans to us in our dollars in the first place.
Posted on 9/28/25 at 12:06 pm to Drizzt
Correct, Argentina pulling out of this and becoming stable and prosperous would he a huge win for the US. $20B is pennies compared to what we waste money on.
Posted on 9/28/25 at 3:01 pm to UltimaParadox
Below is a statement released by Chevrons CEO. while the geopolitical aspects of a bail out are important, the huge untapped oil/gas resources (estimated equivalent to the Guyana field) are probably the main reason. Also, pushing China out of Argentina where it has been a big financial player makes some sense.
“As one of the largest foreign investors in Argentina, Chevron pioneered the development of the country’s extensive oil and gas reserves in an area called Vaca Muerta with YPF. Chevron applauds the Trump Administration’s efforts to forge closer relations with Argentina and is supportive of the country’s economic reforms. We remain committed to helping Argentina realize the full potential of its energy resources and expect to continue to invest in the country’s economy for years to come.”
“As one of the largest foreign investors in Argentina, Chevron pioneered the development of the country’s extensive oil and gas reserves in an area called Vaca Muerta with YPF. Chevron applauds the Trump Administration’s efforts to forge closer relations with Argentina and is supportive of the country’s economic reforms. We remain committed to helping Argentina realize the full potential of its energy resources and expect to continue to invest in the country’s economy for years to come.”
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