Far Right Presidential Candidate Wins in Argentina

[jomaper]

But La Libertad Avanza is not a party in and of itself but a conglomerate (technically political coalition) of 13 parties in a similar way to JxC

Partido Libertario is just one of the 13 parties

https://en.m.wikipedia.org/wiki/La_Libertad_Avanza

https://en.m.wikipedia.org/wiki/Libertarian_Party_(Argentina)

Right, that's on paper. Nobody here treats it like that because those smaller parties are basically non-existent. LLA is basically the party now, since Milei is the only one who actually matters there (the candidates who went for States lost by an incredibly big margin, with some not making it to even 5%).
Different is the case of JxC which was a coalition between the Radical Party and the Pro party, which are now breaking up.
Our politics are confusing lol.

 

[x65943]

Argentine stocks are actually up today with hopes that Milei will somehow end the stagflation

I bought some Argentine stock because eh why not, let's see what happens

 

[jomaper]

Argentine stocks are actually up today with hopes that Milei will somehow end the stagflation

I bought some Argentine stock because eh why not, let's see what happens

Ooof, no dude lol. At least tell me you bought YPF or PAMPA.

 

[x65943]

Ooof, no dude lol. At least tell me you bought YPF or PAMPA.

I bought a whole market ETF "ARGT"

In the long term because it's whole market it has actually gained value over the past few years, and small losses or gain over time will be smoothed out as market forces take it higher

I already made 20¢ today

 

[Dark_Ansem]

Heyyy I guess they really want bankruptcy! Again!

 

[TraderPatTX]

This is quite the struggle session. Thanks for the laughs everybody.

 

[supermist]

This is quite the struggle session. Thanks for the laughs everybody.

Yeah you've demonstrated to be someone who perpetually struggles.

 

[Alexander_86]

i hope we have a dolarize economy soon

 

[Dark_Ansem]

i hope we have a dolarize economy soon

Deleting your central bank to depend entirely on a currency that might soon be in the hand of a crazy Republican doesn't sound like a great idea.

 

[x65943]

Deleting your central bank to depend entirely on a currency that might soon be in the hand of a crazy Republican doesn't sound like a great idea.

When compared to the currency being in the hands of crazy socialists who destroyed the nation for 2 decades, it might be superior

But no one knows for sure, we have to wait and see

 

[Dark_Ansem]

When compared to the currency being in the hands of crazy socialists who destroyed the nation for 2 decades, it might be superior

But no one knows for sure, we have to wait and see

It's not gonna happen. Libertarians in the US managed to get their town overrun by bears. This one looks even a bit crazier.

 

[x65943]

It's not gonna happen. Libertarians in the US managed to get their town overrun by bears. This one looks even a bit crazier.

He will have to work in the constraints of a coalition

But I wasn't talking about him, but dollarization which is what you referred to

Obviously the man is nuts

But I was only replying to your statement

"Deleting your central bank to depend entirely on [US] currency"

The currency in Argentina has been grossly mishandled for decades and the US central bank may actually lead to some form of monetary normalcy

 

[jomaper]

When compared to the currency being in the hands of crazy socialists who destroyed the nation for 2 decades, it might be superior

But no one knows for sure, we have to wait and see

Most people here dont want that, and talking about 2 decades is being at the very least naive, ignoring what came before those 20 years and in the middle: a liberal government in the 90s that privatized everything and lead to a 65% poverty rate with people literally losing their entire savings to the banking system, and then in 2015 Macri's liberal government taking the IMF's biggest loan in history, used literally to launder money and allow billions to get out of the country.
It's not as easy as saying the kirchnerist movement fucked everything up because muh socialism. They fucked up a lot of things, speciall with this last government, but it's not just their fault because socialism.

 

[x65943]

Most people here dont want that, and talking about 2 decades is being at the very least naive, ignoring what came before those 20 years and in the middle: a liberal government in the 90s that privatized everything and lead to a 65% poverty rate with people literally losing their entire savings to the banking system, and then in 2015 Macri's liberal government taking the IMF's biggest loan in history, used literally to launder money and allow billions to get out of the country.
It's not as easy as saying the kirchnerist movement fucked everything up because muh socialism. They fucked up a lot of things, speciall with this last government, but it's not just their fault because socialism.

Not blaming socialism itself, as obviously there are socialist countries that do very well

Was saying after 2 decades of specifically CRAZY socialists it's not surprising the people don't trust the government with monetary policy any more

 

[Xdqwerty]

Is this something good or something bad?

 

[x65943]

Is this something good or something bad?

Yes

 

[AdenTheThird]

Elon Musk, for his part, xeeted his support...

Words cannot describe how much I hate this word. Is this the new thing? Please tell me this isn't the new thing.

 

[chrisrlink]

I've always associated FR polititians as neo nazi/autocrat especially with people like wannabe autocrat trump and that "dick"tator putin

 

[Dark_Ansem]

Words cannot describe how much I hate this word. Is this the new thing? Please tell me this isn't the new thing.

Just wait until Xitter breaks. Then again, imagine how fragile Musk's ego is: Twitter had actually become a new word and subset of words in language, and he threw that achievement to the wind.

 

[TraderPatTX]

Yeah you've demonstrated to be someone who perpetually struggles.

Can somebody translate this?