December 19, 2023

ARGENTINA: I Was Excited To Watch New President Javier Milei Officially Sworn In Sunday December 10, 2023. Then I Couldn't Believe My Eyes, I See Him Hugging Ukraine President Zelenskyy.

STOP CALLING HIM RIGHT-WING or FAR-RIGHT! He's towing the line of the psycho Commie globalist anti-human "Climate Change" policies. I can't tell you how shocked I was when I saw the new Argentinian president hug Ukraine's shitstain grifter president Zelenskyy. He had me fooled. I had high hopes for Argentina and based on previous interviews I watched him give, I thought he was fighting the establishment. But apparently, he's going to help further the globalist Commie anti-human establiment's plan. Now I see him as an actor playing a role like Sam Bankman-Fried was used for the globalist money laundering scheme through his FTX Crypto Exchange and like Elizabeth Holmes was used for the globalist money laundering scheme through her Theranos corporation who had Former US Secretary of State Henry Kissinger serve on the Board of Directors from 2014 to 2017 left right before the truth gets revealed.

Anyway, I was bummed out by more shocking news that the new Argentinian president met with Clinton. What? Why? 😩 (emphasis mine)
Bloomberg 11/27/23: On Monday, Milei had lunch with Clinton in New York, according to people familiar with the situation, who asked not to be identified as his schedule isn’t public. Milei’s pick for US ambassador, Gerardo Werthein, is a major donor to the Clinton Foundation, according to a 2016 story in Argentinian newspaper Clarin. As well, the US ambassador to Argentina, Marc Stanley, supported Hillary Clinton’s presidential bid. The Clinton Foundation didn’t respond to a request for comment.

On Monday morning Milei made a pilgrimage to the Queens cemetery where a Chabad-Lubavitch rabbi is buried, part of a “spiritual” trip to give thanks for his victory. On Friday, he received a blessing from another rabbi in Argentina. A video from La Nacion on the website X showed a solemn Milei arriving to the grave with his sister Karina. Milei, who was raised Catholic, is converting to Judaism, according to his spokesman."
THEN, I find out after the Zelenskyy hug that he was for mandating everyone get covid experimental vaccine mRNA drug. Ugh 😩👇 UPDATE 12/19/23 at 4:39pm: I just want to point out there are Jewish people who worship El Shaddai, the Lord God almighty aka the God of Abraham, Isaac, and Jacob, and there are non-practicing Jewish people looking for the meaning of life like most of humanity, and there are Jewish people who are called Messianic Jews because they believe in Jesus Christ as their Lord and Savior, and there are Jewish people who are Atheist, AND THEN there are those born Jewish but DO NOT worship El Shaddai, the Lord God almighty aka the God of Abraham, Isaac, and Jacob like those who practice Jewish Kabbalah Mysticism esoteric black magic . They worship Lucifer aka Satan like the infamous Rothchilds who head the Illuminati, famous occultist Nostradamus who wrote prophecies using a bowl of water called a "magic mirror" getting help "seeing" from the dark underworld, famous master of darkness occultist Aleister Crowley, and Anton LaVey, creator of the Church of Satan and who wrote The Satanic Bible, etc. So please don't lump all Jewish people together. (emphasis mine)

UPDATE 12/19/23 at 8:28pm: The "Jewish rabbi" the new Argentina president visited the gravesite to thank him for his victory practiced Judaic Kabbalist Esoteric Mysticm. Meaning Kabbalist Jews worship Lucifer aka Remphan, where the Star of David (has nothing to do with King David. Another deception.) aka Magic Seal of Solomon, Baal, Molech who King Solomon was forced to worship when he ravenously lusted for a non-Jewish woman. Solomon fell from grace. God removed His covering from King Solomon and Kingdom of Israel and took everything away from Solomon who God had made the richest man in the entire world. They DO NOT worship the God of Abraham, Isaac, and Jacob who is also the God of King David. It's all a camouflage. So basically, the new Argentinian president has converted to Judaic Kabbalah esoteric mysticism. (emphasis mine)
GlobalAwareness101 published Argentina's New President Seen Hugging Zelenskyy At Inauguration. Argentina's new libertarian President Javier Milei was officially sworn in Sunday December 10, 2023. I was happy until I couldn't believe my eyes. I had to rewind a few times. Unbelievable at 48 secs he hugs Ukraine President Zelenskyy. 😒 What's going on here? WHY?
France24 News
written by AFP staff
Sunday December 10, 2023

Zelensky, making his first trip to Latin America since Russia's invasion, is looking to build support for his country's fight against the Russian invasion.

"This is a new beginning for Argentina, and I wish President Milei and the entire Argentinian people to surprise the world with their success," Zelensky said on social media after attending the ceremony.

Footage showed Zelensky and Milei embracing and speaking at the inauguration.

"I am also confident that bilateral cooperation between Ukraine and Argentina will continue to expand," Zelensky added.

Zelensky had warmly welcomed Milei's victory end-November, thanking him for his "clear support for Ukraine."

Russian President Vladimir Putin had also congratulated Milei in November but the Kremlin "took note of a number of statements that Javier Milei made during the electoral campaign."

"We will focus on and judge him mainly by the statements that he makes after the inauguration," spokesman Dmitry Peskov said.

Both Moscow and Kyiv have courted Latin American countries, which have been divided over their response to the Ukraine war.

Earlier today Zelensky met with the leaders of Ecuador, Paraguay and Uruguay.

"The support and strong united voice of Latin American countries that stand with the people of Ukraine in our fight for freedom and democracy is very important for us," Zelensky said on X, formerly Twitter.

The Ukrainian leader said he was grateful to Uruguay's Luis Lacalle Pou and his nation "for supporting Ukraine's sovereignty and territorial integrity."

He praised Uruguay's participation in the third foreign advisors meeting on the implementation of Ukraine's formula for peace, and invited Ecuador and Paraguay to join.

Zelensky spoke with Paraguay's leader Santiago Pena and "thanked him for its strong support of Ukraine within international organisations."

In talks with Ecuador's President Daniel Noboa, Zelensky also discussed the possibilities "to expand bilateral cooperation."

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Reuters News
written by Kanishka Singh
Wednesday December 13, 2023

WASHINGTON - A top U.S. official from the National Security Council met senior members of the administration of Argentine President Javier Milei on Wednesday and discussed plans for the South American nation's economy and U.S. investment in it, the White House said.

"Deputy National Security Advisor Mike Pyle discussed President Milei's plans for Argentina's economy, underscoring the importance of laying the foundation for economic growth," the White House said in a statement.

Pyle visited Buenos Aires and met Chief of Cabinet Nicolas Posse, Economy Minister Luis Caputo, and Central Bank President Santiago Bausili, according to the White House.

"They also discussed areas where the United States and Argentina can strengthen their cooperation, including on advancing the clean energy transition and spurring private sector investment in the country," the White House said.

Argentina is a major exporter of grains, the fourth largest producer of electric battery metal lithium, and has huge shale oil and gas reserves in its Vaca Muerta formation. It also has a wobbling $44 billion program with the Washington-based International Monetary Fund (IMF) and crippling annual inflation running at 160%.

Pyle's trip was part of series of visits by U.S. officials to show support to the libertarian president who took office on Sunday and faces a huge challenge to defuse the country's worst economic crisis in decades.

The U.S. Treasury Department's top international official, Jay Shambaugh, was also headed to Buenos Aires this week to meet with lithium firms, sources told Reuters on Tuesday, adding Treasury official Michael Kaplan was expected to travel to Argentina as well.

Last month, Milei met with White House national security adviser Jake Sullivan in Washington. U.S. Energy Secretary Jennifer Granholm led a delegation to Buenos Aires for his inauguration last Sunday.

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Reuters News
written by Jorgelina Do Rosario and Andrea Shalal
Tuesday December 12, 2023

BUENOS AIRES/WASHINGTON - Senior U.S. officials from the National Security Council and the Treasury will visit Argentina later this week, an important sign of support just days after libertarian President Javier Milei took office, four people familiar with the matter told Reuters.

Deputy National Security Adviser Mike Pyle will be in Buenos Aires on Wednesday, according to three sources who asked not to be named because the travel agenda is still not public.

The U.S. Treasury's top international official, Jay Shambaugh, is set to head to Buenos Aires late this week, two of the previous sources and one further source said, with one adding he would look to meet with lithium firms. Treasury official Michael Kaplan is also expected to travel to Argentina, two sources said.

The plans have not been previously reported. Such high-profile U.S. visits are unusual so early in Milei's fledgling administration, which faces a huge challenge to defuse the country's worst economic crisis in decades.

Last month, Milei met with White House national security adviser Jake Sullivan in Washington. Energy Secretary Jennifer Granholm led a delegation to Buenos Aires for his inauguration last Sunday.

"It fits into a string of ongoing senior bilateral engagements," one of the sources said.

"We want to show that we're here to support this government," NSC Western Hemisphere senior director Juan Gonzalez told Reuters during an interview in Buenos Aires ahead of the inauguration. He declined to confirm the other visits.

Both Shambaugh and Kaplan met Milei's Economy Minister Luis Caputo and cabinet chief Nicolas Posse in Washington in late November. Milei, a political outsider who rode a wave of anti-establishment anger at high inflation and rising poverty, took a pro-U.S. and pro-Israel stance during his election campaign.

Argentina is major exporter of grains, the fourth largest producer of electric battery metal lithium, and has huge shale oil and gas reserves in its Vaca Muerta formation. It also has a wobbling $44 billion program with the Washington-based International Monetary Fund (IMF).

🚨👇 TODAY'S RELATED NEWS 👇🚨
VOA News
written by Rob Garver
Tuesday December 19, 2023

Argentina’s new leader, President Javier Milei, has embarked on a series of aggressive steps to refashion the country’s economy since his inauguration on December 10, and according to senior officials in his administration, he is prepared to follow through with his promise to “dollarize” the country’s economy.

Milei takes office at a time when Argentina is experiencing very high rates of inflation, fueled in part by a government that has for years printed money to finance levels of government spending that far exceed its revenues.

An economist by training, Milei has described himself as an “anarcho-capitalist” and a libertarian and came into office vowing to slash the size of government and take drastic, even painful measures to achieve economic stability in his country.

“Our country demands action, and immediate action,” he said in his inaugural address, according to a translation by The Associated Press. “The political class left the country at the brink of its biggest crisis in history. We don't desire the hard decisions that will need to be made in coming weeks, but lamentably they didn't leave us any option.”

Swift action

In the days following his inauguration, Milei began implementing the steps that he believes the country’s economy requires, including an immediate devaluation of the peso, Argentina’s currency, by 54% against the U.S. dollar.

At the same time, Milei’s government canceled price control measures put in place by his predecessor and announced that subsidies for fuel and transportation would also be cut. The response was a sharp increase in consumer prices, at a time when inflation was already very high.

Milei also announced the consolidation of the country’s Cabinet ministries from 18 to nine, and the number of secretariats — areas of authority below the level of government ministries — from 106 to 54. His administration also canceled many public labor contracts and sharply cut government advertising in the media.

Future cost-cutting proposals include reducing transfer payments from the central government to the country’s provincial governments and canceling new infrastructure projects.

Near-term effects

The immediate effect of Milei’s policies will be to accelerate the rate of inflation, which is already well over 100% per year. With the devaluation of the peso and the removal of price controls, ordinary Argentines will likely hurry to convert their existing pesos into tangible goods or foreign currency quickly, which will further hasten price increases.

Officials in Milei’s government have characterized these preliminary steps as emergency measures meant to eventually break the cycle of spiraling inflation, in large part by reducing the government’s fiscal deficit.

However, experts warn that with a badly disordered economy like Argentina’s, measures that might work to stifle inflation under normal circumstances might not be as effective.

'Dollarization' coming

Milei surprised some observers by appointing Luis Caputo as economy minister. A former president of the Central Bank of Argentina, Caputo seemed an unlikely choice, given that another of Milei’s campaign promises had been to do away with the country’s Central Bank.

At first, many speculated that having Caputo in charge of the economy signaled that Milei had not been serious about retiring the Argentine peso and adopting the U.S. dollar as the country’s currency. However, in an interview with the La Nacion newspaper last week, Caputo confirmed that dollarization remains part of the administration’s plans.

“The objective remains the same: to achieve dollarization,” Caputo told the newspaper. “It is the president’s objective, what he campaigned on. The president does not lie. I would like that to be clear, because we must have a real contract with the people.”

Road map to currency change

Steve Hanke, a professor of applied economics at Johns Hopkins University who consulted with the government of Bulgaria on a similar policy shift in the 1990s that successfully ended hyperinflation in that country, said that there is a clear theoretical road map for proceeding with dollarization.

“First, the peso supply should be frozen, with no more new pesos being produced by the [Central Bank] and the peso should be allowed to freely float without restrictions against the U.S. dollar for a 30-day period,” he told VOA in an email exchange.

“After that 30-day period, a determination of the fair value should be rendered,” Hanke said. “Then, the next key step should be taken. The fair peso value should be used as the conversion rate to convert all peso assets and liabilities into U.S. dollars. With that step, Argentina would be officially dollarized.”

Questions about future

Monica de Bolle, a senior fellow with the Peterson Institute for International Economics, told VOA that she is uncertain that Argentina will be able to successfully accomplish dollarization, given the turmoil the economy is in now, and the likelihood that it will get worse before it gets better.

“This is a country that's going to have prices out of control and people out in the streets demonstrating, because the situation is going to be even worse than it is right now,” de Bolle said. “The political support for the Milei government, I'm not sure how that holds together, so it's an absolutely chaotic situation. And you're going to be trying to adopt the dollar in the middle of that?”

She pointed out that currently, the Central Bank doesn’t have enough dollars to convert its existing stock of outstanding pesos.

“You know, Argentina doesn't even have the dollars to do it at the moment, let alone in a more chaotic situation than the one they're facing now. So, it's going to, as I said, it's going to be a mess. ... How they get out of it is really unclear,” she said.

Dollarize now

The uncertain future of the Argentine economy is an argument in favor of dollarizing immediately, said Daniel Raisbeck, a policy analyst on Latin America at the Cato Institute, a libertarian think tank in Washington. The longer the government waits, he told VOA, the worse the fair market exchange rate will be when dollarization becomes inevitable.

As to concerns that there aren’t enough dollars in Argentina to support the change, Raisbeck said that large sectors of the economy are effectively dollarized already. For example, he said that 80% of used-car sales are transacted in dollars, and that a similar percentage of the real estate market is too.

“There are enough dollars in Argentina. It's over 50% of GDP that people have, either under their mattresses, in safe deposit boxes, or abroad,” he said, citing data from Argentina’s National Institute of Statistics. “So, the dollars are there.”

If the government establishes a fixed exchange rate at which the Central Bank will exchange dollars for pesos, then both currencies can circulate simultaneously in the economy for a fixed period, while the peso is gradually removed.

🚨👇 YESTERDAY'S RELATED NEWS 👇🚨
Reuters News
written by Eliana Raszewski
Monday December 18, 2023

BUENOS AIRES - Argentina's new libertarian President Javier Milei announced a power sector "emergency" on Monday, saying his government would tighten control over the country's local gas and electricity regulators, and seek to allow long-controlled prices to rise.

The outsider economist, who rode to power pledging to take a 'chainsaw' to state spending, has long targeted energy and transport subsidies that cost the government around $12 billion last year and keep people's bills at around 15% of cost.

Energy costs pose a major challenge for Milei, who took office this month. He has pledged to overturn a deep fiscal deficit, but hiking energy bills will fan inflation already nearing 200% and hurt Argentines with two-fifths in poverty.

In a decree, the government said that low energy prices had led to a lack of investment in the gas and electricity grid, adding that it would look to permit prices to rise in accordance with free market competition to "guarantee continuous supply".

It added that until a tariff review was done, authorities could approve temporary rate increases and periodic adjustments.

"If urgent measures are not adopted, the poor quality of service described will worsen to the detriment of users," it said.

The decree also said the government would look to intervene in state electricity regulator ENRE and gas watchdog ENARGAS from the start of 2024, with government officials reviewing the working of the entities.

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