Author Topic: Javier Milei (Argentine President) Master Thread  (Read 5739 times)

Offline Moshe Green

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Re: Javier Milei (Argentine President) Master Thread
« Reply #40 on: May 24, 2024, 05:21:55 AM »
https://www.zerohedge.com/geopolitical/blow-china-argentinas-milei-looking-us-defense-cooperation

Over the past decade China’s security footprint in Argentina has grown considerably, but analysts say recent indicators demonstrate President Javier Milei may be shifting defense cooperation back towards the United States.

A 2012 agreement between officials in Argentina’s Neuquen Province and Beijing allowed the construction of a deep space tracking station near the Chilean border, that made Washington sit up and take notice.

The 50-year contract grants the Chinese Communist Party (CCP) the ability to operate freely on Argentinian soil. The facility, known as Espacio Lejano, became the precedent for a Chinese ground tracking facility in Rio Gallegos, on the south eastern coastal tip of Argentina, which was formally announced in 2021.

Since the Espacio Lejano contract was signed, analysts and U.S. officials have repeatedly expressed concern over China’s expanding collaboration with Argentina in matters of security and surveillance.

“The PRC [People’s Republic of China] has expanded its ability to extract resources, establish port, manipulate governments through predatory investment practices, and build potential dual-use space facilities,” U.S. Southern Command Gen. Laura Richardson said during a 2023 House Armed Services Committee hearing.

President Milei took office on Dec. 10, 2023, replacing the progressive President Alberto Fernandez, who forged closer ties with China and signed a 2022 deal to join the Communist Party’s Belt and Road Initiative. While campaigning, Mr. Milei made no secret of his disdain for communist regimes and signaled his intent to move away from socialist policies in favor of a more libertarian direction.

In the nearly seven months he has been in office, President Milei has enacted major economic reforms and a downsizing of government.

Other recent “positive indicators” indicate the Milei administration are prioritizing defense relations with the United States over China, said Leland Lazarus, the associate director for national security at Florida International University’s Jack D. Gordon Institute for Public Policy.

“The fact is that in just six months, he’s already visited the U.S. multiple times. He’s met with Secretary Blinken, he’s been to the White House … all that is like absolute music to General Richardson’s ears. To Biden’s ears,” Mr. Lazarus told The Epoch Times.

Ms. Richardson traveled to Argentina in April, on a visit that included the donation of a Hercules C-130H transport aircraft to the Argentinian Air Force and a tour of a naval facility in Ushuaia, Tierra del Fuego, the extreme tip of the country.

“We are committed to working closely with Argentina so that our collaborative security efforts benefit our citizens, our countries and our hemisphere in lasting and positive ways,” Ms. Richardson said in a statement at the time.

In Ushuaia, Ms. Richardson met with local military personnel to discuss their role in “safeguarding shipping routes vital to global trade.”

In an Argentinian Ministry of Defense release, President Milei confirmed that Ms. Richardson also checked on the progress of an “integrated naval base” at the Ushuaia naval facility.

Argentine officials stated that they also discussed “legislative modernization in defense matters.”

Under the previous administration, China had been given preferential treatment.

In June 2023, Tierra del Fuego Gov. Gustavo Melella gave China the go-ahead to build a “multi-purpose” port facility near the Strait of Magellan.

The project was promptly met with legislative backlash as three national deputies and members of the Civic Coalition filed an official complaint against the governor’s provincial decree to build a port with Beijing. The same group further accused Mr. Melella of violating Argentina’s national security.

No public records show the project has since moved forward.

Shift in Relations
Mr. Lazarus said Argentina’s desire for deeper security cooperation with Western partners was also evident in April when Argentina’s Minister of Defense, Luis Petri, signed a historic purchase agreement for 24 F-16 fighter jets from Denmark.

“Today we are completing the most important military aeronautical acquisition since 1983,” Mr. Petri said in an official press release.

“Thanks to this investment in defense, I can proudly say that we are beginning to recover our aerial sovereignty and that our entire society is better protected against all those threats that put us to the test.”

The purchase occurred after multiple media reports in 2022 said the previous administration under President Alberto Fernandez was considering the purchase of China–Pakistan-made JF-17 fighter jets. A minister of former President Mauricio Macri’s administration, who asked not to be identified, confirmed to The Epoch Times that a deal to purchase the JF-17 jets was under consideration during the Fernandez era.

The China snub on such a notable arms deal is telling for some, as the CCP has invested a lot in Argentina’s defense sector.

“From 2009–2019 China transferred a total of $634 million worth of major military hardware to five South American countries—Argentina, Bolivia, Ecuador, Peru, and Venezuela,” a House Foreign Affairs Committee brief states.

“The governments of Venezuela, Ecuador, Bolivia, and Argentina have purchased PRC [People’s Republic of China] defense equipment, cooperated in military exercises, and engaged in educational exchanges and training for military personnel.”

Offline CountValentine

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Re: Javier Milei (Argentine President) Master Thread
« Reply #41 on: May 24, 2024, 08:39:07 AM »
https://english.elpais.com/international/2024-03-19/freedom-and-poverty-in-argentina-mileis-100-frenetic-days-in-power-and-an-unprecedented-economic-experiment.html

Milei’s economic policies have pulled the Argentine people one step backwards from where they were before he assumed office. Inflation now exceeds that of Venezuela and is the highest in the world (276% year-over-year), while the poverty rate is closing in on 60%. Unemployment is also on the rise.
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Re: Javier Milei (Argentine President) Master Thread
« Reply #42 on: May 24, 2024, 08:52:32 AM »
https://english.elpais.com/international/2024-03-19/freedom-and-poverty-in-argentina-mileis-100-frenetic-days-in-power-and-an-unprecedented-economic-experiment.html

Milei’s economic policies have pulled the Argentine people one step backwards from where they were before he assumed office. Inflation now exceeds that of Venezuela and is the highest in the world (276% year-over-year), while the poverty rate is closing in on 60%. Unemployment is also on the rise.
Why would you look at the YOY inflation rate when he's only been president for 100 days?  :o
What have the actual monthly rates been from before and after he took office?
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Re: Javier Milei (Argentine President) Master Thread
« Reply #43 on: May 24, 2024, 09:02:24 AM »
Why would you look at the YOY inflation rate when he's only been president for 100 days?  :o
What have the actual monthly rates been from before and after he took office?
From reading the article it seems they have a bias against him. I am guessing they are using numbers that do not show him in a good light.

This is the first time I came across this thread and wanted to see who this new messiah was. Most of the stuff out there is negative.
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Re: Javier Milei (Argentine President) Master Thread
« Reply #44 on: May 24, 2024, 09:18:18 AM »
From reading the article it seems they have a bias against him. I am guessing they are using numbers that do not show him in a good light.

This is the first time I came across this thread and wanted to see who this new messiah was. Most of the stuff out there is negative.
It's a hit piece.

Monthly inflation was over 25% when he took office. It's fallen every month since then and is down to 8.8%.
https://archive.is/tkd0o
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Re: Javier Milei (Argentine President) Master Thread
« Reply #45 on: May 24, 2024, 09:22:23 AM »
It's a hit piece.

Monthly inflation was over 25% when he took office. It's fallen every month since then and is down to 8.8%.
https://archive.is/tkd0o
Not disagreeing with you but would like clarification?  :)
When talking about inflation should we use YOY or MOM?
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Re: Javier Milei (Argentine President) Master Thread
« Reply #46 on: May 24, 2024, 09:23:50 AM »
Not disagreeing with you but would like clarification?  :)
When talking about inflation should we use YOY or MOM?
Both are valid and studied intensely in the US, but using YOY to judge someone in office for 100 days means it's obviously a hit piece.
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Offline jj1000

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Re: Javier Milei (Argentine President) Master Thread
« Reply #47 on: May 24, 2024, 09:26:36 AM »

 wanted to see who this new messiah was.
He really is incredibly charismatic. And he's a nerd economist PHD type at heart with a real love of mankind.

Hope he lasts.
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Re: Javier Milei (Argentine President) Master Thread
« Reply #48 on: May 24, 2024, 09:30:24 AM »
Both are valid and studied intensely in the US, but using YOY to judge someone in office for 100 days means it's obviously a hit piece.
Fair enough but I am trying to figure out where the goalpost goes. Say after a year in office we should start using YOY?
Otherwise, what happens is some will just continue to flip flop using whatever figure looks better/worse for the point they are trying to make.

For the record I believe this guy's policies will be a massive failure for the lower/middle class.
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Re: Javier Milei (Argentine President) Master Thread
« Reply #49 on: May 24, 2024, 09:32:12 AM »
Say after a year in office we should start using YOY?
Sure.

For the record I believe this guy's policies will be a massive failure for the lower/middle class.
Argentina's lower/middle class have been suffering from devastating inflation for decades. They voted to try something different. Still going to be painful, but maybe it's a way out
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Re: Javier Milei (Argentine President) Master Thread
« Reply #50 on: May 24, 2024, 09:34:23 AM »
He really is incredibly charismatic. And he's a nerd economist PHD type at heart with a real love of mankind.

Hope he lasts.
After reading the thread I am not disagreeing with you. Unfortunately, some threads are EC's. I thought I would google and see what is out there. Let's see what happens after a year or so.
For the record I believe this guy's policies will be a massive failure for the lower/middle class.
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Re: Javier Milei (Argentine President) Master Thread
« Reply #51 on: May 24, 2024, 09:36:46 AM »
Argentina's lower/middle class have been suffering from devastating inflation for decades. They voted to try something different. Still going to be painful, but maybe it's a way out
Let's hope that way out is not a massive recession and unemployment.
Am I correct that basically this believes in doing away with all regulation and have the private sector run everything?
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Re: Javier Milei (Argentine President) Master Thread
« Reply #52 on: May 24, 2024, 09:46:32 AM »
Let's see what happens after a year or so.
It's so much more than just the economy he's fighting.

I spoke to a wealthy family there who said basically for their own personal wealth, the previous admin was better because it was easy to bribe officials in office and get any laws or contracts they need for their business. But morally Milei fights that. And when it comes to voting they vote morally.

As for a year from now. Milei says it'll take decades for his economic plan to come to fruition and his party is a small minority in their congress. He's setting forth a path forward that he tells people will get worse before it improves. And is set up to last far past his presidency...If the country continues to back his ideas.
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Re: Javier Milei (Argentine President) Master Thread
« Reply #53 on: May 24, 2024, 09:51:06 AM »
It's so much more than just the economy he's fighting.

I spoke to a wealthy family there who said basically for their own personal wealth, the previous admin was better because it was easy to bribe officials in office and get any laws or contracts they need for their business. But morally Milei fights that. And when it comes to voting they vote morally.

As for a year from now. Milei says it'll take decades for his economic plan to come to fruition and his party is a small minority in their congress. He's setting forth a path forward that he tells people will get worse before it improves. And is set up to last far past his presidency...If the country continues to back his ideas.
All sounds great but:
Am I correct that basically he believes in doing away with all regulation and have the private sector run everything?
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Offline jj1000

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Re: Javier Milei (Argentine President) Master Thread
« Reply #54 on: May 24, 2024, 09:58:49 AM »
All sounds great but:
Quote
He advocates for a more limited government focused solely on justice and security. Milei's philosophical underpinnings rest on the concepts of non-aggression and self-ownership, emphasizing respect for life, liberty, and property in accord with free-market principles.

Sounds like it'll depends if it falls under security or not. His Government is there to keep them safe, not run their grocery stores.

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Re: Javier Milei (Argentine President) Master Thread
« Reply #55 on: May 24, 2024, 10:48:03 AM »


https://english.elpais.com/international/2024-03-19/freedom-and-poverty-in-argentina-mileis-100-frenetic-days-in-power-and-an-unprecedented-economic-experiment.html

Milei’s economic policies have pulled the Argentine people one step backwards from where they were before he assumed office. Inflation now exceeds that of Venezuela and is the highest in the world (276% year-over-year), while the poverty rate is closing in on 60%. Unemployment is also on the rise.

IINM, the way 276% is calculated is without context.
The peso's official and gray market rate were very different, and basically no one was able  to use the official rate. Mileo pushed the official rate to be closer to the gray market (actual) rate, so that's where you see that "inflation".

Also, the fact that people are buying pesos with their dollars (as the writer mentions) seems to show the opposite of inflation...

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Re: Javier Milei (Argentine President) Master Thread
« Reply #56 on: May 24, 2024, 11:08:08 AM »
This is from a left wing newspaper (as you can tell for yourself from how they frame the questions) (don't ask me why I read Swiss news...):

https://www.swissinfo.ch/eng/democracy/economist-federico-sturzenegger-freedom-will-restore-prosperity-to-argentina/77693171

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Re: Javier Milei (Argentine President) Master Thread
« Reply #57 on: May 24, 2024, 11:20:46 AM »


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