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  • 2 weeks later...
Posted

Image-from-iOS-1-e1707226019703-640x400.

 

Argentina’s new president arrives in Israel, reiterates pledge to move embassy to Jerusalem
Times of Israel ^ | 2/6/24 | Lazar Berman

 

Foreign Minister Israel Katz welcomes Argentinian President Javier Milei upon his arrival to Israel at Ben Gurion Airport. Milei, who assumed office in December, reiterates his pledge to move Argentina’s embassy to Jerusalem.

 

Katz thanks Milei, who made Israel his first bilateral overseas destination as president, for his support for Israel against Hamas and for recognizing Jerusalem as Israel’s capital.

 

“You are a person of values who is committed only to the truth,” Katz tells Milei, speaking through a translator, “and it is no wonder that you chose to come to Israel right away to support us in the just struggle for the defense of the Jewish people against the murderers of Hamas.”

 

Milei will visit the Western Wall and meet President Isaac Herzog later today, and is slated to meet Prime Minister Benjamin Netanyahu tomorrow.

 

He brought Argentina’s Foreign Minister Diana Mondino and his personal Rabbi Shimon Axel Wahnish along with him on the three-day trip. Wahnish is expected to become Argentina’s ambassador to Israel. While Milei is not Jewish, he has expressed an interest in Judaism and has talked about potentially converting to the religion.

 

Milei heads for Italy and the Vatican on Thursday, where he will meet with Pope Francis and Italian Prime Minister Giorgia Meloni.

 

https://www.timesofisrael.com/liveblog_entry/argentinas-new-president-arrives-in-israel-reiterates-pledge-to-move-embassy-to-jerusalem/

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  • 3 weeks later...
Posted

 

 

IT CAN BE DONE, YOU JUST HAVE TO WANT TO DO IT BADLY ENOUGH: 

 

Javier Milei Ended a DC-Sized Deficit in…Nine Weeks. 

 

“Argentina’s Javier Milei is racking up some solid wins, with the fiscal basket case seeing its first monthly budget surplus in 12 years. Apparently, it took Milei just nine and a half weeks to balance a budget that was projected at 5% of GDP under the previous government.

 

In US terms, he turned a 1.2 trillion-dollar annual deficit into a 400 billion surplus. In 9 and a half weeks.

 

How did he do it? Easy: he cut a host of central government agency budgets by 50% while slashing crony contracts and activist handouts.

 

For perspective, if you cut the entirety of Washington’s budget by 50%, you’d save a fast 3 trillion dollars and start paying off the national debt. It turns out it can be done, and the world doesn’t collapse into chaos.”

 

The cronies getting the contracts and the activists getting the contracts won’t be happy, but honestly, a world in which they are unhappy is likely a much better world.

 

https://mises.org/wire/javier-milei-ended-dc-sized-deficit-innine-weeks?

 

 

 

 

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  • 1 month later...
Posted
On 3/27/2024 at 8:37 AM, BillStime said:

 

Eeek…private sector wage drops and those super high poverty rates will make it really tough to generate service consumption. The main risk with Milei’s economic shock therapy strategy comes from those deflationary death spirals that lingering debt troubles permeating the economic landscape will exacerbate.

 

No doubt that this is the most interesting macroeconomic experiment in the world today. Milei has accomplished the easy part of chopping down the government budget, even though some of those government services shouldn’t have been deemed wasteful. He seems way more fixated on political dogma than practical problem-solving. Many of Argentina’s biggest problems with its government were reported to be basic cases of internal corruption.

 

Hopefully Argentina leans into their agriculture industry and their renewable energy industry potential, coupled with the elimination of some unnecessary price controls and regulatory red tape.

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  • 1 month later...
Posted
21 hours ago, B-Man said:

 

 

 Milei Is Absolutely Killing It in Argentina. 

 

“Milei’s results speak for themselves. There’s a lesson there for any Republican bold enough to learn it.”

 

https://pjmedia.com/vodkapundit/2024/05/09/milei-is-absolutely-killing-it-in-argentina-n4928888

 

 


 

 

 

 

 

 

Milei is already proving the Left-wing economic establishment wrong

 

With inflation falling, interest rates coming down, and the peso on fire in one market, Milei is already proving the global Left-wing economic establishment – addicted to bigger government and endless deficits – wrong. Indeed, it may provide a template for other countries to escape from zero growth.
 

First, what’s changed in the country: inflation has fallen to 11pc and Milei predicts it will fall further. While a monthly figure (this is Argentina after all), price rises may be coming back under control after soaring above 300pc annually.

 

Last week, Milei announced that the country had recorded its first quarterly budget surplus since 2008, a modest 0.2pc of GDP, but still an astonishing achievement in such a short space of time, especially for a country that has run deficits for 113 of the last 123 years.

 

Then, earlier this week, the central bank, which Milei has not yet gotten around to abolishing as he pledged, cut interest rates for the third time in three weeks. While they are still at an eye-watering 50pc, that will start to feed through into the economy very soon. Investors have started to notice.

 

According to Bloomberg data, in the blue-chip swap market the peso was the best-performing currency in the world in the first quarter of this year, and the bond markets are rallying as well.

 

It may also get better over the months ahead. With stabilising prices, and a rising currency, investment should start flowing again into a country rich in natural resources and hyper-competitive on wages costs.

 

https://finance.yahoo.com/news/milei-already-proving-left-wing-130000729.html

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Posted
12 minutes ago, Coffeesforclosers said:

"hyper competitive on wage costs".

 

I love supply sider newspeak.

Take supply side over this demand side kenian vs that only enriches the very top

  • 4 weeks later...
Posted

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THAT’S ANOTHER 50,000 STATE JOBS: 

 

Argentina’s Milei To Cut 50,000 State Jobs Amid Legislative Challenges.

 

This latest round of cuts follows a March announcement in which Milei proposed slashing 70,000 jobs from Argentina’s public sector work force, which employs approximately 3.5 million people. According to Infobae, 25,000 positions have been cut since March’s announcement.

 

As a result, public employees rejected the measure and some of the largest unions in the country have called for protests. “We knew that the program was going to generate social tension. Bringing the number of ministries to half was not free,” the president said during his speech at the Latam Economic Forum in Buenos Aires.

Since taking office six months ago, Milei has pledged to fix Argentina’s severe economic issues, including an inflation rate that has surged to a three-decade high of over 250 percent and a poverty rate impacting 57 percent of the population. To end the crisis, Milei has slashed state subsidies, devalued the currency, and closed several state agencies.

 

https://reason.com/2024/06/06/argentinas-milei-to-cut-50000-state-jobs-amid-legislative-challenges/

 

 

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Posted


 

 


Homeland 

Education 

CDC 

 

Cut it all.  
 

MAGA - they thought that was some kind of racist dog whistle.  Imagine being that stupid.  
 

 

We just don’t want to pay 14 dollars for a number 8 at Wendy’s.  

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  • 2 weeks later...
Posted
On 11/19/2023 at 6:47 PM, Tommy Callahan said:

 

 

 

 

 

When will Tibs & BT jump on the band wagon against this guy because he's not taking others feelings into consideration and speaking as a proper, &  caring politician .

 

Can we order one of these guys to run here in the US ?? PLEASE ???

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  • 4 weeks later...
Posted

 

 

 

The cut off text:

 

Argentina president Javier Milei announced that Argentina would not be recognizing Maduro's "win.

"Venezuelans chose to end the communist dictatorship of Nicolás Maduro.

The data announce a crushing victory for the opposition and the world is waiting for it to recognize

defeat after years of socialism, misery, decadence and de*th," he said. "Argentina is not going to

recognize another fraud, and hopes that the Armed Forces this time will defend democracy and

the popular will." The Maduro "win" comes after armed gangs were seen stealing boxes with

ballots throughout the country.

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Posted
1 minute ago, B-Man said:

 

 

 

The cut off text:

 

Argentina president Javier Milei announced that Argentina would not be recognizing Maduro's "win.

"Venezuelans chose to end the communist dictatorship of Nicolás Maduro.

The data announce a crushing victory for the opposition and the world is waiting for it to recognize

defeat after years of socialism, misery, decadence and de*th," he said. "Argentina is not going to

recognize another fraud, and hopes that the Armed Forces this time will defend democracy and

the popular will." The Maduro "win" comes after armed gangs were seen stealing boxes with

ballots throughout the country.

Good for him.

And this raises an excellent question for the New Isolationists: what are you gonna do about it?

Should there be a Pan-Latin American military force ready to eject Maduro and his henchmen?

Should the United States be involved?

Remember, under Trump we recognized Juan Guaido's government as the legitimate government of Venezuela, but without any type of regional or international force behind that, it was utterly ineffectual.

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