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Why America just bailed out Argentina with a $20 billion lifelineedition.cnn.com/2025/10/12/economy/argentina-america-bailout-currency
444 sats \ 9 comments \ @0xbitcoiner 14 Oct econ
Not sure if this came up here on SN, but I find this move kinda weird and kinda goes against the whole saving-money thing Trump’s trying to push.
The Trump administration is bailing out Argentina in a move critics are saying has more to do with politics than economics or American interests.
That means $20 billion US taxpayer dollars will be used to bail out a country led by a close ally of President Donald Trump: chainsaw-wielding, libertarian Javier Milei.
“Argentina faces a moment of acute illiquidity,” Treasury Secretary Scott Bessent wrote on X Thursday. “The US Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets.”
Meanwhile, the US federal government is nearing two weeks of being shut down and US businesses and industries continue to reel from Trump’s ongoing trade war.
Here are some key details about the administration’s extraordinary financial rescue of Argentina.
...read more at cnn.com
~Politics_And_Law
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33 sats \ 3 replies \ @Undisciplined 14 Oct
Trump isn't saving money. He's trying to demolish the entrenched bureaucracy, which isn't actually that expensive. Americans are more responsive to "efficiency" arguments than ideological ones, though.
Like most presidents, he's spending more than his predecessors.
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42 sats \ 2 replies \ @0xbitcoiner OP 14 Oct
Well, politicians being politicians! Any real reason for this thing with Argentina, besides politics? Everyone knows Trump’s backing Milei.
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90 sats \ 1 reply \ @Undisciplined 14 Oct
Honestly, I have no more insight on this than anyone else. Bailing out his Zionist buddy is as good an explanation as any.
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42 sats \ 0 replies \ @Signal312 14 Oct
Perhaps Trump was pressured into doing it, by Israel.
I had ZERO idea that Milei was so closely linked with the Zionist cause. But here's a summary, from Grok:
Personal and Spiritual Connections Javier Milei, Argentina's libertarian president, has developed a deep personal affinity for Judaism and Zionism, despite being raised Roman Catholic. This began around 2021, reportedly as a way to counter accusations of neo-Nazi sympathies during his political rise.
middleeasteye.net
He studies Torah and Kabbalah under Rabbi Shimon Axel Wahnish, an Orthodox rabbi who has become a close advisor and was appointed Argentina's ambassador to Israel.
presstv.ir +1
Milei has publicly expressed intentions to convert to Judaism, prays at the Western Wall during visits to Israel, quotes Jewish texts in speeches, and has entered events to the sound of a shofar.
timesofisrael.com
He describes Israel as a "beacon of light" and aligns his worldview with Zionist principles, viewing the Jewish state as a defender of Western liberal democracy.
securityincontext.com +1
Diplomatic and Political TiesMilei's administration has prioritized Israel in foreign policy, marking a sharp departure from Argentina's historically balanced stance on the Israeli-Palestinian conflict. His first overseas trip as president in February 2024 was to Israel, where he met Prime Minister Benjamin Netanyahu, President Isaac Herzog, and families of Israeli hostages.
jta.org +1
He pledged to move Argentina's embassy from Tel Aviv to Jerusalem—a symbolic endorsement of Israel's claim to the city, echoing U.S. policy under Donald Trump—and condemned Hamas as a terrorist group, vowing to blacklist it.
middleeasteye.net +1
Argentina under Milei has voted alongside Israel and the U.S. at the UN, rejected BRICS membership to align with the "free world," and applied for NATO partner status.
securityincontext.com
In August 2025, Milei launched the "Isaac Accords," a $1 million initiative (funded by his Genesis Prize, awarded for his Jewish advocacy) to foster ties between Israel and Latin American countries, including anti-terrorism cooperation.
aljazeera.com
He has defended Israel's military actions in Gaza as having "no excesses" and accused the UN of hypocrisy for criticizing Jerusalem.
Netanyahu has called Milei a "great friend" and hosted him personally.
timesofisrael.com +1
Ideological and Geopolitical AlignmentMilei's support for Israel stems from his anarcho-capitalist ideology, seeing the country as a pro-Western, capitalist bulwark against "socialism" and "terrorism."
reddit.com +1
Analysts describe this as "revisionist Zionism," blending his libertarianism with unconditional backing of Israel's policies, including its Gaza operations.
newarab.com +1
This alignment is seen as a geopolitical move to court U.S. conservatives like Trump, distancing Argentina from multipolar blocs like BRICS.
trtworld.com +1
During his 2023 campaign, he waved Israeli flags at rallies and invoked Jewish history to bolster his image.
trtworld.com
Criticisms and Domestic BacklashWhile praised by Israeli leaders, Milei's stance has sparked controversy in Argentina, home to Latin America's largest Jewish community (about 250,000).
trtworld.com
Some Jewish groups and leftists protest his "fanatical" Zionism as conflating Judaism with Israeli policy, potentially fueling antisemitism by politicizing faith.
timesofisrael.com +1
Demonstrations in Buenos Aires have decried his "alignment with Zionism and imperialism," especially amid Gaza's humanitarian crisis.
jta.org +1
Critics, including on X, label him a "Zionist puppet" or accuse him of prioritizing Israel over Argentine interests, like economic aid from Trump.
A 2024 book explores his "obsession" as potentially backfiring on Jewish communities.
haaretz.com
Aspect Key Examples Implications Personal Torah studies with Rabbi Wahnish; intent to convert; Western Wall prayers Positions Milei as a "philosemite" convert, blending faith with politics
jta.org
Diplomatic Embassy move pledge; Isaac Accords; Hamas blacklist Strengthens bilateral ties but isolates Argentina regionally
middleeasteye.net +1
Ideological Views Israel as anti-terrorism model; UN criticisms Aligns with U.S.-Israel axis against multipolarity
trtworld.com +1
Criticisms Protests by Argentine Jews/leftists; "Zionist controlled" accusations Risks domestic division and global isolation
buenosairesherald.com +1
Overall, Milei's links reflect a fervent ideological embrace of Zionism, driving unprecedented pro-Israel policies, though they remain polarizing both at home and abroad.
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36 sats \ 0 replies \ @justin_shocknet 14 Oct
It's not spending, unlike the $40+B in usaid in years past.
It's also fiat for fiat, fx rates aren't market-driven to begin with.
I doubt Argentina becomes a state like Canada the UK and Australia will be, but the hemispheric strategy is obvious between this, military intervention against Venezuela and Mexican cartels, and the Bukele arrangement. Can probably count on some bases there eventually.
Might be a nice place to buy up a cheap vineyard when the coin pumps to infinity.
Bessent is already becoming the most consequential Treasury secretary since Hamilton.
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21 sats \ 0 replies \ @Cje95 14 Oct
It is a move that does sort of play in our favor with helping prevent China from moving into the space that would be open if we did nothing. Argentina does have a wide variety of natural resources that would make investments into it not the worlds worst idea. Plus if we keep the country stable it will help in things like the Falkland Islands for instance.
Directly there is not a ton but there are a ton of other follow on things that help.
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40 sats \ 0 replies \ @kilianbuhn 14 Oct
It's a bribe. China is buying argentinian soybeans now that american ones are tariffed. Trump is an ideological big-state communist who is anti free trade and wants Argentinia create tariffs too.
Milei is smart enough to take the bribes and then not put up tariffs too. It's hilarious. 😂😂
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0 sats \ 0 replies \ @nkmg1c_ventures 22h
Democrats are going to hammer Trump on this
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0 sats \ 0 replies \ @035736735e 23h outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.