[Milei WINS!] Javier Milei, Austrian econ. prof. & ancap, runs for president of Argentina

[...] just because Milei is signaling that he's going to play hardball on the Falklands [...]

There is no evidence he is going to do any such thing.

The article (or, rather, the title of the article) on which that notion is based is shoddy clickbait claptrap.

Regarding which:

Nonnegotiable means force will be used if diplomacy fails.

Now you are just making things up to suit you.

The editor and author [1] of the article you cited appear to have done the same thing.

The author of the article begins with the statement, "Javier Milei has said that Argentina has non-negotiable' sovereignty over the Falkland Islands" [sic the apostrophe]. The title of the article ('Argentina has non-negotiable sovereignty over the Falklands', country's new right-wing president Javier Milei declares) presents the author's statement as if it was a direct quote from Milei - yet nowhere in the article is any evidence of or support for this provided.

Just the opposite, in fact - as when the author himself writes, "Milei's position could be seen as relatively conciliatory", or when Milei himself is quoted as saying, "we have to make every effort to recover the islands through diplomatic channels". IOW: At best, the content of the article does not support the claim made in the title, and at worst, it actually contradicts it.

And then there's this:

But Diana Mondino also said that the will of the Falklanders themselves must be respected.

"In such a process we can’t leave out those people who live in the Islands, we must include the interests of people living in the Island," she said.


Who is Diana Mondino? Why are her thoughts relevant to the issue? The article is so incompetently written and edited that she is never even identified (nor is she ever referred to again, either before or after those two sentences). It turns out Mondino is a "Senior Economic Advisor" to Milei. I had to look that up myself because the so-called "journalist" and/or "editor" responsible for the article couldn't even be bothered to tell us. (This kind of thing is a hallmark of hasty, thoughtless, and arbitrary cut-and-paste "journalism".)

After that Mondino bit, there's a bland blurb from the Argentina government's official website, followed by a bunch of fluff that has nothing at all to do with the Falklands issue (and which appears to exist only for the sake of lazily padding out the article).

But even putting all that aside by ignoring that this was just another poorly written, slapdash assembly-line "article" with a provocative clickbait title (a title which failed to be warranted by or substantiated in the article's content), and granting - just for the sake of argument - that Milei did actually say, "Argentina has non-negotiable sovereignty over the Falklands" (or assuming, again arguendo, that this is not an inaccurate or uncharitable mis-translation of something else he said), the assertion that "non-negotiable means force will be used if diplomacy fails" simply does not follow. It can easily and merely mean that Argentine sovereignty over the Falklands is not something Milei would be willing to trade as a concession in any diplomatic rapprochement with Britain. Furthermore, that sense of "non-negotiable" (again, assuming a correct and accurate translation) is the far more reasonable and to-be-expected understanding of the term, given that Argentina is obviously in no position whatsoever to forcibly assert its claim of "sovereignty" with even the faintest hope of any effectiveness (let alone success).



[1] Who may or may not be the same person. (And if, as I suspect, they are the same, then that is yet another hallmark of poor practice.)
 
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Another Globalist Clown Confirmed.

You are not a serious person ...

A peace Summit where Argentina wants to support Ukraine.

Oh my dear God! Not a peace summit!!

ax2x6aV.png


What a horrible "interventionist"!

What a "globalist clown"!

I mean ... a peace summit!!!

This clown is going to care more for Ukraine than Argentina :tears:
Milei offers Zelensky to hold Ukraine peace summit in Argentina

Putin better watch out! If he doesn't toe Milei's line, Argentina might just invade Russia on behalf of Ukraine. :eek:

:rolleyes:
 
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Dollars sent by Milei to Ukraine so far: $0

Too early to say, he hasn't even been sworn in yet. I hope you are right and he won't send weapons and money to Ukraine. But I just think it's too early to react. My money says, he will be another fake conservative like Meloni in Italy.
 
Does our Federal Reserve just print more née dollars & give them to Argentina, when they go off peso?

Fascinated to learn how this will really work..
 
Uh huh.

Was there negotiation then? Was Britain broke then? Do you suppose any variable might have changed in the last forty years? When Trump makes belligerent statements, aren't you the first to rush in and say, that's just the way a master negotiator presses the issue?

Things have certainly changed, Argentina is far broker than the UK.
They have nothing to offer for the islands and you do not begin negotiations where you are going to make an offer by saying, no matter what you will sell this thing to me whether you want to or not, and whether you like what I can offer or not.
That's the well known "I'm gonna make him an offer he can't refuse" where the Godfather has a small amount of cash in one hand and a gun in the other.

The UK will never agree to give Argentina islands that were uninhabited and then settled by Englishmen hundreds of years before Argentina existed.
And the people who live there will never agree to be taken over.

Argentina thinks they can win the next war because they are closer to the islands than the UK and the UK is broker than last time.
They are hoping that the implied threat will cause the UK to betray the inhabitants of the islands for the small offer in the one hand rather than risk the gun in the other.
 
There is no evidence he is going to do any such thing.

The article (or, rather, the title of the article) on which that notion is based is shoddy clickbait claptrap.

Regarding which:



Now you are just making things up to suit you.

The editor and author [1] of the article you cited appear to have done the same thing.

The author of the article begins with the statement, "Javier Milei has said that Argentina has non-negotiable' sovereignty over the Falkland Islands" [sic the apostrophe]. The title of the article ('Argentina has non-negotiable sovereignty over the Falklands', country's new right-wing president Javier Milei declares) presents the author's statement as if it was a direct quote from Milei - yet nowhere in the article is any evidence of or support for this provided.

Just the opposite, in fact - as when the author himself writes, "Milei's position could be seen as relatively conciliatory", or when Milei himself is quoted as saying, "we have to make every effort to recover the islands through diplomatic channels". IOW: At best, the content of the article does not support the claim made in the title, and at worst, it actually contradicts it.

And then there's this:

But Diana Mondino also said that the will of the Falklanders themselves must be respected.

"In such a process we can’t leave out those people who live in the Islands, we must include the interests of people living in the Island," she said.


Who is Diana Mondino? Why are her thoughts relevant to the issue? The article is so incompetently written and edited that she is never even identified (nor is she ever referred to again, either before or after those two sentences). It turns out Mondino is a "Senior Economic Advisor" to Milei. I had to look that up myself because the so-called "journalist" and/or "editor" responsible for the article couldn't even be bothered to tell us. (This kind of thing is a hallmark of hasty, thoughtless, and arbitrary cut-and-paste "journalism".)

After that Mondino bit, there's a bland blurb from the Argentina government's official website, followed by a bunch of fluff that has nothing at all to do with the Falklands issue (and which appears to exist only for the sake of lazily padding out the article).

But even putting all that aside by ignoring that this was just another poorly written, slapdash assembly-line "article" with a provocative clickbait title (a title which failed to be warranted by or substantiated in the article's content), and granting - just for the sake of argument - that Milei did actually say, "Argentina has non-negotiable sovereignty over the Falklands" (or assuming, again arguendo, that this is not an inaccurate or uncharitable mis-translation of something else he said), the assertion that "non-negotiable means force will be used if diplomacy fails" simply does not follow. It can easily and merely mean that Argentine sovereignty over the Falklands is not something Milei would be willing to trade as a concession in any diplomatic rapprochement with Britain. Furthermore, that sense of "non-negotiable" (again, assuming a correct and accurate translation) is the far more reasonable and to-be-expected understanding of the term, given that Argentina is obviously in no position whatsoever to forcibly assert its claim of "sovereignty" with even the faintest hope of any effectiveness (let alone success).



[1] Who may or may not be the same person. (And if, as I suspect, they are the same, then that is yet another hallmark of poor practice.)

Milei told La Nacion, “What do I propose? Argentina’s sovereignty over the Malvinas Islands is non-negotiable. The Malvinas are Argentine.

https://londonlovesbusiness.com/arg...alkland-islands-back-which-is-non-negotiable/


The first article failed to cite the source of teh quote because it is something everyone in their country knows he said during his campaign.

And Argentina has a much better shot at taking the islands now than last time because the UK military is withered and degraded since Thatcher's time.

All his claims that he wants to pursue a peaceful transfer are nonsense because there is no chance that the UK or the islanders will agree and Argentina has nothing to offer to change their minds.
If a peaceful transfer takes place it will be because the UK accepts some pitiful offer in order to avoid a war that is implied by even bringing the subject up.
 
Everyone assumes, you mean. Libertarians have had to learn from Trump that part of being a good statesman is being able to make your enemies feel fear, and to make your competitors sweat in their seats. Trump didn't invade any countries or start any new bombing campaigns, but he absolutely made Kim Jong Un feel the might of the US military. So, just because Milei is signaling that he's going to play hardball on the Falklands doesn't mean he's a neoCON... as I said to another poster, let me know when Milei starts invading the Middle East... then we'll have confirmation that he's a neoCON...
So if he manages to intimidate the UK and the islanders into letting him annex territory that was never Argentina's when neither the UK not the islanders want to agree that is somehow OK? not to mention the obvious risk of war if his bluff fails?

What territory did Trump extort from N. Korea?

Of course he's a Neocon, that's why he is spouting their propaganda about Ukraine and Israel while stirring up the dead issue of who owns the Falklands with an implied threat of war.
 
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Too early to say, he hasn't even been sworn in yet. I hope you are right and he won't send weapons and money to Ukraine. But I just think it's too early to react. My money says, he will be another fake conservative like Meloni in Italy.

Let me put it this way: I don't do personality cults, so the moment that Milei sends $1 to Ukraine or Israel, or sends troops to the ME, he is dead to me. I will happily meme-bomb such betrayal, as happily as I am currently meme-ing in support of him. That's how reality works... when people take a position that is good, I support their position because it is good, and when they betray that, I expose their lies. Trying to get clever doesn't work because only God can see the heart... Milei will very soon prove whether he's a liar or whether he truly supports liberty, and I am patient...
 
So if he manages to intimidate the UK and the islanders into letting him annex territory that was never Argentina's when neither the UK not the islanders want to agree that is somehow OK? not to mention the obvious risk of war if his bluff fails?

I have no idea why Milei is saber-rattling over the Falklands. I'm going to assume for now he has a good reason, probably to do with shaking up entrenched domestic interests that are aligned with the Brits and are using the Falklands as a staging-grounds into Argentina, similar to how Trump took on the Mexican government for its laxity in border-enforcement by forcing them to man the border and pay for improvements to it. Obviously, it's not an identical situation, but I see nothing yet in Milei's rhetoric or policies that contradicts his claimed support for libertarian principles, which are the only true principles of just government.

What territory did Trump extort from N. Korea?

NK is not the right comparison (I only mentioned it in respect to show-of-strength), the right comparison is Mexico. I'm not inclined to do a deep-dive into the history of the Falklands atm, but I'm willing to bet money that the Brits have no good historical claim for their presence/influence there, as with most of their criminal global imperialism.

Of course he's a Neocon, that's why he is spouting their propaganda about Ukraine and Israel while stirring up the dead issue of who owns the Falklands with an implied threat of war.

NeoCON is a big word. That means that he is aligned with Cheney/Bush/Etc. and wants perpetual war in the ME. Words are cheap and there are many geopolitical reasons to say things you don't really mean... you've defended Trump many times for taking positions of expediency, knowing full-well that his support was insincere. Take the bump-stock ban that the TDS-libertarians on this board constantly whine and moan about ... obviously, banning bump-stocks is a dog-bone thrown to the other side as a cheap concession to get other goods of value in exchange. Bump-stocks are the spinner-wheels of firearms... completely useless show-off toys built for a legally perverse reason (trying to go around NFA instead of directly fighting for the Constitutional right to keep and bear SOTA firearms). Does the bump-stock ban make Trump a neoCON? Of course not. I don't know what he got in exchange for it, but whatever he got was surely of more value than bump-stocks. So, it was a wise move. I see no reason to believe that Milei's rhetoric on the Falklands is any different in respect to being part of his strategy to shake up TPTB in Argentina and starting throwing the bums out.

Let's assume for the sake of argument that Milei is a WEF sleeper agent, neoCON, etc. etc. Even if that were true, it's simply too early to tell for sure. He needs to take office and start making some initial executive actions. Then we will know whether he's "obviously" a neoCON or whether he's the real libertarian deal. He can't escape playing his hand indefinitely, so we will shortly know for sure and, in the meantime, all of this hand-wringing and speculation is just a waste of time. My bet is that a lot of folks in this thread are going to be eating a lot of their words in the near future...
 
I have no idea why Milei is saber-rattling over the Falklands. I'm going to assume for now he has a good reason, probably to do with shaking up entrenched domestic interests that are aligned with the Brits and are using the Falklands as a staging-grounds into Argentina, similar to how Trump took on the Mexican government for its laxity in border-enforcement by forcing them to man the border and pay for improvements to it. Obviously, it's not an identical situation, but I see nothing yet in Milei's rhetoric or policies that contradicts his claimed support for libertarian principles, which are the only true principles of just government.
Trump didn't annex any territory from Mexico either.
And if Argentina has issues equivalent to Mexico's facilitation of the invasion at our southern border then that is what they should be talking about.
If they have issues that serious I might even accept seizure of the islands by force and the expulsion of the occupants if no other resolution of the issues could be obtained.



NK is not the right comparison (I only mentioned it in respect to show-of-strength), the right comparison is Mexico. I'm not inclined to do a deep-dive into the history of the Falklands atm, but I'm willing to bet money that the Brits have no good historical claim for their presence/influence there, as with most of their criminal global imperialism.
You can read about it here: https://en.wikipedia.org/wiki/History_of_the_Falkland_Islands

I'll summarize.
The islands were uninhabited.
The British discovered them first.
The French and British were the first to attempt colonization.
Control of the islands changed hands many times and they were depopulated and repopulated several times.
The British were the last to recolonize the islands.
The British have owned the islands uninterrupted for almost 200 years.
The British won the last war for the islands.
The population is almost entirely composed of the descendants of the British colonists and when the issue was put to vote of whether to remain in the UK the vote to remain was nearly unanimous.

There is not the slightest chance that the UK or the islanders will ever agree to transfer ownership peacefully and everyone involved knows it.


NeoCON is a big word. That means that he is aligned with Cheney/Bush/Etc. and wants perpetual war in the ME. Words are cheap and there are many geopolitical reasons to say things you don't really mean... you've defended Trump many times for taking positions of expediency, knowing full-well that his support was insincere. Take the bump-stock ban that the TDS-libertarians on this board constantly whine and moan about ... obviously, banning bump-stocks is a dog-bone thrown to the other side as a cheap concession to get other goods of value in exchange. Bump-stocks are the spinner-wheels of firearms... completely useless show-off toys built for a legally perverse reason (trying to go around NFA instead of directly fighting for the Constitutional right to keep and bear SOTA firearms). Does the bump-stock ban make Trump a neoCON? Of course not. I don't know what he got in exchange for it, but whatever he got was surely of more value than bump-stocks. So, it was a wise move. I see no reason to believe that Milei's rhetoric on the Falklands is any different in respect to being part of his strategy to shake up TPTB in Argentina and starting throwing the bums out.

Let's assume for the sake of argument that Milei is a WEF sleeper agent, neoCON, etc. etc. Even if that were true, it's simply too early to tell for sure. He needs to take office and start making some initial executive actions. Then we will know whether he's "obviously" a neoCON or whether he's the real libertarian deal. He can't escape playing his hand indefinitely, so we will shortly know for sure and, in the meantime, all of this hand-wringing and speculation is just a waste of time. My bet is that a lot of folks in this thread are going to be eating a lot of their words in the near future...
As I stated elsewhere, I'm willing to be open minded if his actions speak louder than his words.
But for now all I have is his words, whereas I have seen many actions by Trump that show he is more on our side than against us.
Milei has gone from being a question mark to being a vocal Neocon and he will have to change that status through actions. (or lack thereof such as not actually sending arms and money to Ukraine or Israel)
 
Does our Federal Reserve just print more new dollars & give them to Argentina, when they go off Argentina peso?

Fascinated to learn how this will really work..
 
Does our Federal Reserve just print more née dollars & give them to Argentina, when they go off peso?

Fascinated to learn how this will really work..

No. Argentina acquires dollars by exporting goods (sold in dollars) on the global market.

From a couple of months ago:

Argentina has essentially no dollars. Which, as critics see it, is a major impediment to presidential front-runner Javier Milei’s plan to dollarize the crisis-ravaged economy. Even Milei’s own advisers are starting to get fidgety about how barren the vaults are.

But ask economist Francisco Zalles about this problem and he scoffs. Just go ahead and make the dollar the country’s official tender, he says, and do it fast. The faster the move, the faster inflation steadies. Then interest rates can come down, and dollars can start flowing in, paving the way for growth.

Zalles is no ordinary economist. He’s one of the few in the world who’s got experience carrying out such a process, having done so in his native Ecuador two decades ago. Conditions then — soaring inflation, plunging currency, stagnant growth — were broadly similar to those in Argentina today. And while Ecuador’s economic record has been uneven since, one thing is certain: The runaway inflation that was making people poorer month after month has disappeared.

“For Milei’s plan to work, he needs nothing,” Zalles, who’d go on to do a stint at Greylock Capital Management, said in an interview. “He just needs to dollarize.”

To many skeptics, Zalles’s vision is dangerously optimistic, even reckless. With no dollars to defend the exchange rate — Argentina has an estimated negative $10 billion in net international reserves — ditching the peso risks sparking a collapse in the currency that could lead to hyperinflation, a possible run on the banks and social unrest as savings vanish.

“Dollarizing without dollars is like saying you want the entire population to wear Nike sneakers, even though you don’t make them and you don’t have the resources to buy them,” said Alejandro Werner, a former IMF director for the Western Hemisphere. “It’s impossible.”

Zalles — and Milei — recognize dollarizing is a drastic move, but argue it’s the cure for what is, after all, a dire situation.

Inflation data Wednesday showed prices rising 12.4% on a monthly basis in August, the fastest pace since Argentina exited hyperinflation three decades ago. The economy is on the brink of its sixth recession in a decade; 40% of the population lives below the poverty line. The peso has tumbled almost 30% on the parallel market in the past month.

Since his surprise win in the August primaries, which prompted the government to devalue the peso by 18%, Milei’s radical plans have monopolized Wall Street’s attention. But key details, including exactly how those measures are going to play out, are still lacking. Some of his advisers have begun walking back some aspects of the proposals amid a barrage of criticism, saying he would not dollarize right away if there are no greenbacks in the central bank — which Milei doesn’t actually intend to shut either, they say.

Zalles shrugs off major concerns. There are gross reserves to tap, he says, and the growing use of dollars will help smooth the process. While Argentines haven’t yet resorted to paying for daily transactions in US dollars, large purchases — anything from apartments to cars, furniture, electronics and home appliances — are increasingly done in greenbacks. People are estimated to hold as much as $200 billion in cash outside the banking system within the country and hoard an additional $250 billion in overseas accounts.

Once you dollarize, that money will flow into the system, Zalles argues, and assuage fears over a potential bank run, similar to what happened in Ecuador in early 2000 when Zalles and two other economists oversaw the switch from sucres to greenbacks.
...

More:

https://www.bnnbloomberg.ca/milei-should-dollarize-at-once-says-man-who-did-it-in-ecuador-1.1970796

The details of the implementation will be important. If they start by just giving US dollars legal tender status while maintaining the peso, the country will have time to adapt payment systems while building dollar reserves gradually.
 
No. Argentina acquires dollars by exporting goods (sold in dollars) on the global market.

The details of the implementation will be important. If they start by just giving US dollars legal tender status while maintaining the peso, the country will have time to adapt payment systems while building dollar reserves gradually.

Maintaining the peso seems foolhardy from my perspective. Confidence in it is lost, so there's no longer a way to destroy enough of them to match demand. Any supply is too much. There's zero demand for the Argentine peso.

Nothing gets legal tender status, if his plan is as close to the Ron Paul plan as it sounds. Nothing. Which means nothing is forbidden as a means of barter. Not this currency. Not that e-wallet. Not those old silver coins. Nothing.

So, if there's not enough FRNs floating around to ease their commerce, they're now free to use whatever else they find convenient to trade with. Hopefully they'll find something or a set of somethings that fills that gap handily.
 
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We'll see what he's able to actually do. Blowing up the central bank was good campaign rhetoric, but now he has to deal with the legislature to actually accomplish anything.
 
We'll see what he's able to actually do.

MAGA? Make Argentina great again? Unlike Trump, Milei has promised to give Argentines the chance to make that happen. He's not trying to impose greatness from the top down.

Yes, like Coolidge, he's going to find restraining the legislature to be a full time job. He had better pack a lunch. Legislatures don't know how to not smother their own people. They require a very firm hand.
 
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