The problem with our government is they overtax people to be coming too greedy and piggish with our tax dollars and it's becoming unsustainable we're being taxed out of this town State country it's just greed pure greed and pigishness from our elected officials they need to work with less money and they can but they're just too greedy! That's the problem all around the world that was the fall of Greece and the fall of Rome because of greedy corrupt elected politicians!
The $20 billion commitment operates through three mechanisms that are distinct from traditional foreign aid channels. The centerpiece of the bailout package is a Federal Reserve-style currency swap line between the U.S. Treasury and Argentina’s Central Bank, allowing Argentina to exchange pesos for dollars to defend its slumping currency—a tool typically reserved for major allies during systemic crises.
The Treasury will also directly purchase Argentine government bonds in both secondary and primary markets. This intervention aims to stabilize bond prices after markets panicked following a September 7 provincial election loss by Milei’s party, when the peso dropped and Argentina’s Central Bank burned through $1.1 billion propping up the currency.
The U.S. assistance comes five months after the International Monetary Fund (IMF) approved a financial assistance program worth $20 billion to address the country’s economic imbalances. Combined with the American support, the total reaches $40 billion. Argentina’s GDP is approximately $630 billion, making this combined assistance roughly 6 percent of the country’s entire economy.
7 comments:
The most patriotic thing Americans can do is send our tax money to libertarians in Argentina.
The most patriotic thing to do with our tax dollars is to bring down the unsustainable national debt. America First.
The problem with our government is they overtax people to be coming too greedy and piggish with our tax dollars and it's becoming unsustainable we're being taxed out of this town State country it's just greed pure greed and pigishness from our elected officials they need to work with less money and they can but they're just too greedy! That's the problem all around the world that was the fall of Greece and the fall of Rome because of greedy corrupt elected politicians!
The greed and pigishness from the elected today is just abhorrent it's just so despicable to see this from our government elected officials!
Agreed. You voted for the guy who is sending $20B to an Argentinian libertarian.
@6:06...US to give LOANS to Milei in Argentina up to $20bln, which is to be repaid with interest. THERE IS A DIFFERENCE IN "GIVING" VS. LOANING.
The $20 billion commitment operates through three mechanisms that are distinct from traditional foreign aid channels. The centerpiece of the bailout package is a Federal Reserve-style currency swap line between the U.S. Treasury and Argentina’s Central Bank, allowing Argentina to exchange pesos for dollars to defend its slumping currency—a tool typically reserved for major allies during systemic crises.
The Treasury will also directly purchase Argentine government bonds in both secondary and primary markets. This intervention aims to stabilize bond prices after markets panicked following a September 7 provincial election loss by Milei’s party, when the peso dropped and Argentina’s Central Bank burned through $1.1 billion propping up the currency.
The U.S. assistance comes five months after the International Monetary Fund (IMF) approved a financial assistance program worth $20 billion to address the country’s economic imbalances. Combined with the American support, the total reaches $40 billion. Argentina’s GDP is approximately $630 billion, making this combined assistance roughly 6 percent of the country’s entire economy.
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