With Massive Assist from Trump, Argeninian President and "Afuerza!" Enthusiast Javier Milei Defies Expectations and Stomps the Parliamentary Mid-Term Elections

This video explains the trouble Milei was in, and how Trump got him out of it.

Basically, no one believed that Millei's reforms would stick. People did not want to invest in Argentina's economy because they were pretty sure another leftist would just defeat him at the next elections and return the country to basket-case socialist rule.

The only way to get people to invest would be to convince them that Millei was popular and that he'd be around to make sure the reforms stuck. But people didn't believe this, and the Argentinian peso continued to decline in value.

This is when Trump intervened. He declared the US dollar would trade at a fixed rate against the Argentinian peso, thus effectively setting a floor for the peso's value. He also spent billions of America dollars buying up the Argentinian peso, buttressing its value.

But that's not all he did. Trump declared that America's support for the Argentinan peso was conditioned absolutely on the Argentines voting in favor of Milei's party at the mid-terms. If the public turned on Milei, Trump would end all support for the country.

He said that if the Argentines chose basket-case socialism again, America would bail out of bailing out Argentina, as Argentina would just be a "waste of our time."

Did it work?

You betcha.

All of the polls showed Milei's party losing the mid-terms.

Instead, he stompenated them.

@ContextOfficiel

🔴 𝗔𝗟𝗘𝗥𝗧 𝗜𝗡𝗙𝗢 • 🇦🇷 • In the Midterm Elections, President Javier Milei's party "La libertad avanza" defied ALL the predictions:

• Large victory at 41%
• 101 deputies (+64)
• 20 senators (+14)
• He also won in Buenos Aires, a city historically very left-wing

Now, he did not win parliament outright, but it's very hard to win a parliament outright unless, say, you're the UK Labour party, and the UK "Conservative" party decides to allow absolute open borders despite their own voters telling them to STOP THE BOATS at the top of their lungs.

But this gives Milei the whip-hand in getting his laws passed, and he also secured a one-third bloc in the Senate which means that the Senate cannot override his vetoes with a two-thirds vote.

posted by Ace at 01:10 PM

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