Argentina's libertarian US puppet President Javier Milei now has a disapproval rating of 69%.
His support is collapsing, especially after he promoted a crypto pump-and-dump scam to his own fans.
53% of Argentines are in poverty. The economy is in crisis.
https://t.co/KA8MEg4Qh1
Argentina's US-backed libertarian President Javier Milei is using an emergency decree to take another loan from the IMF.
Although he falsely poses as a "populist", Milei is continuing the same neoliberal scam of right-wing presidents before him.
Argentina has been trapped in odious debt for decades, following a consistent pattern:
Corrupt right-wing leaders come to power, and they take massive loans from the US-controlled IMF, in an attempt to reduce inflation and stabilize the economy (and facilitate capital flight for their super rich oligarch backers).
This traps Argentina in unpayable debt, and foreign exchange reserves run low until it no longer has enough dollars to service the debt, which causes high inflation.
Inflation crushes the purchasing power of the working class (because average Argentines are paid in pesos, whereas rich people hold their wealth in US dollars), so people vote for a left-wing government that tries to pay off the IMF debt, as President Néstor Kirchner did. The subsequent leftist President Cristina Fernández de Kirchner also rejected the neocolonial IMF.
But then right-wing multimillionaire oligarch President Mauricio Macri came to power, and the cycle repeated. As a form of US meddling to try to help Macri in Argentina's 2019 election, the Trump administration ordered the IMF to give him its largest loan in history: $57 billion (which was also used to provide liquidity to facilitate capital flight for Argentine oligarchs, in violation of the IMF's stated policies).
This tied the hands of the subsequent center-left Alberto Fernández government, who won the 2019 election, despite US meddling. But he was basically a lame-duck president from the beginning, because even though Fernández rejected the last $11 billion tranche of Macri's IMF loan, Argentina was already trapped in debt it couldn't pay off -- and it still can't today, which fueled the high inflation that is precisely what led far-right libertarian Milei to rise to power, with his promises to cut government spending to the bone to reduce inflation.
Now, despite the fact that Milei claimed he would never increase government debt, he is taking on another IMF loan, continuing the same debt-trap cycle of his right-wing predecessors -- which caused the economic crisis that catapulted the fringe libertarian madman into the presidential Pink House.
Plus ça change, plus c'est la même chose.
@DanielDumbrill Why does your Chinese friend in China read and believe Western media when they lie about and misrepresent China all the time? Are they a Chinese sellout? 😡😡
😂 The Chinese government is much more democratic -- in that it actually serves the people -- than the US regime, which is an imperialist oligarchy that carries out genocide, wages war worldwide, and serves billionaire elites.
US capitalist "democracy" produces ghouls like Trump
@Kai_Wong_CN Anti-China haters fascists can’t win the argument so they have to resort to personal attacks against Xi Jinping who cares for the Chinese people and does a lot to improve their lives and make China stronger, that’s low.
@Kai_Wong_CN Australia should stop trying to control China, east and south east asia like the British empire, China is an Asian country, Australia is not. China has a right to defend its territory and airspace from western interlopers who are being aggressive to China.
Cold War II: US government officials published a CRAZY article calling for overthrowing China’s government.
They boasted that this is a new cold war and the US must "win it".
It was written by Trump's top China official and a major Republican congressman
https://t.co/SPXO0Z1BFo
@BenjaminNorton They will never overthrow the CPC, most Chinese people support the CPC for giving them a good life and making China strong and prosperous again, the CPC is not repressive, they care for the Chinese people. It ain’t gonna happen, dream on. The fascist US govt may fall though.
@BenjaminNorton They will never overthrow the CPC, most Chinese people support the CPC for giving them a good life and making China strong and prosperous again, the CPC is not repressive, they care for the Chinese people. The US real aim is to bring down China’s prosperity and economy.
@DannyChean1 @BenjaminNorton@KarlOfTuckerson funny thing is the Chinese govt is friendly to the US & and wants to be friends & trade on level playing field, it’s US govt that is really hostile to China & trying keep China down. The US govt & politicians can’t get over their phobia of Communism & see it’s benefits in China.
@DannyChean1 @BenjaminNorton@KarlOfTuckerson It’s very threatening to China and Chinese people and the CPC govt which cares for the Chinese people and most Chinese love and support. This will be seen as a US threat to China and it’s people and China’s govt.
@walt_richardson@BenjaminNorton And China is not hacking into your computers, why would they it’s a waste of time?, those are false accusations lies made up by the US government to demonise China and dumb idiots like you believe it. The US govt is hacking China’s computers for tech secrets, that’s hypocrisy.
@walt_richardson@BenjaminNorton You’re wrong about everything. China’s not hurting US working class, the US govt and US companies are the biggest enemy, China is just doing business. HK belongs to China, China can do what it wants there and some HK Chinese love China. The fascist US govt is worse than China.
@IAmDouglasKim Racist. Ugly Asian women. *spits* You do know a lot of white men and black men etc have Asian woman fetish and are racist to Asians right? Like 50%+.
@MuricanOriental Despite this controversy, Anna Lee on YouTube is a capitalist who is anti-communism and anti-China and anti-North Korea (brainwashed against) and she’s never been to mainland China because she’s too afraid, that’s why I’ve gone off her. She can defend herself.