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this post was submitted on 16 Aug 2023
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Enough clickbait on Argentina. The country's economy has been on a steep decline for decades, with no signs of slowing down, thanks to deep seated corruption on all corners of the political spectrum.
This guy even remotely influencing the peso? Give me a break.
It’s less that he is causing it directly and more that many institutions are aware that far right leaders gaining power is rarely good for a nation so they pulling assets already
This is completely baseless if not straight up wrong, Peso Plummeted the exact same way in the elections 4 Years ago when Candidate of the Populist Left Alberto Fernandez won the PASO and furthermore the primary elections against President at the time (and also Candidate for the Left) Mauricio Macri
Macri for the left? Que te fumaste bro?
Depende donde te pares, macri es centro der, k es centro left, tb está el espectro social vs económico y tb es muy gris en nuestros políticos. Pero si estás parado más para libertario macri es re zurdo a otra escala de ver las cosas. No me parece tan mal lo que dice. Siguió con lo mismo, deuda emisión y amiguismo. Es de derecha pq se perdono toda las deudas del correo del viejo? Los otros hacen lo mismo. Son todo iguale son
Macri was very well known as "good manners Kirchnerism"
Nunca fume o bebi en mi vida, pero la verdad es que Macri goberno para la izquierda. Agrando el estado, incremenro los planes sociales, paso la Ley del Aborto, etc
El mismo admitio en años recientes como "Milei le abrio los ojos" en lo que debio haber hecho en su gobierno.
Even when looking at the value of argentina's peso for the last year which has been decreasing non stop you can see that on monday after the elections it had the biggest sudden drop in value in the whole year?
It wasn't this guy tho. He doesn't control the official exchange rate.
The same happened past elections in which a Left Candidate Won, it has nothing to do with who won.
Is that true? The elections in 2019 were on the 27th of october, from all i can see the value barely changed on the 28th and it lowered barely on the 29th. As a reference on both websites where i could find values of october 2019 https://imgur.com/a/7zpqtn5
Also in case you consider Fernandez de Kichner as the last leftist won for some reason, it also didnt happen in 2011. https://imgur.com/U2ge8Jd
I am talking about the 2019 Elections, but you are looking at the Official Exchange, which nobody goes by (or rather should go by) because it is an imposed rate by the Government which they Buy on but LIMITEDLY sell on (limited to basically nothing) so is there for scamming tourists (reason why Google suggests when travelling to Argentina to do your exchanges on the Black Market) not to be representative of the Market
For the actual Value you should always refer to "Dollar Blue" and you can see on that same date the historic change was of 10% (half as much as the post day of this elections)
Granted, i'll give it to you this current decay is lasting longer, but i'd still pass it as unrelated (even normal) considering there's even less faith on our economy than back then and the results being even more polarized being 50/50 on 2019 and here it's 30/30/30, basically a shattered country
And just for finishing off, the last 2 Governments (up to the Kirchner you mentioned) are both Left, the right has not governed Argentina for at least 20 Years now
It tumbled 20% in a day. That’s not normal.
It is if the minister for economy drops the value of the currency
Argentine here, yes it is.
Am against fascism in Argentina, but this guy has nothing to do with the peso decaying for as long as it's been going down. That being said, the one country that did fascism but scary after Germany is Argentina
I think you mean the freedom and democracy that Kissinger helped bring to Argentina /s
Not even joking, the Argentina Junta received training in the US School of the Americas (still exists btw), and this was approved by Kissinger. He even praised the junta for "combatting terrorists", which of course was a dog whistle for state terrorism towards leftists.