An Open Letter Of Warning To Argentina's Javier Milei From Steve Forbes

Steve Forbes issues an open letter of "warning" to Argentina's President Javier Milei about his immediate need to replace the Peso with the U.S. dollar or risk the success of his freedom revolution.
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[@maridelacroix1998]

I am Brazilian and I am so rooting for Mr. Milei and the Argentinians. 💪🏼👏🏼😉

[@berksapop3062]

Lets hope Brazil elects a president like Melei soon! Much love from argentina!

[@EssencialUtilidades]

🎉

[@Comrade_Santos]

Well, you'd better keep supporting from a distance since Milei started barring brazillians at the airport, disrespecting a long established Mercosul agreement

[@N73B60]

@@Comrade_Santos false. He is just blocking socialist brazilians who want to study for free in the universities there. Argentinian taxpayers should not pay for that. Socialism is over in Argentina.

[@wildrover8368]

Most of us chileans see milei as the next san martin💪🏼👏🏼😉Viva La Libertad Carajo

[@galileo-s.i.7641]

Let the argentinian rule the Argentina. Milei IS doing the job.

[@viarnay]

affirmative but it's always good listen to people who knows..

[@altruismfirst6489]

no he is not, needs to use BRICS like Brazil and allies, US Legal tender are just bills of exchange with no value and belong to the US Cartel.

[@carlost9454]

America is desperately looking to allocate more dollars in the world, it is its biggest export. Now with brix lurking in the horizon the dollar is in peril. You, Forbes, sound a little condescending.

[@gertvanderhorst2890]

The dollar is not for eternal destiny, it can be a great temporary solution, last year +200 percent inflation with peso, so even a temporary improvement would be welcome. @@carlost9454

[@el7284]

​@@viarnaythose who know are usually acting in self-interest

[@JS-mh9uu]

They just posted a 489 million budget surplus. That was AFTER their loan payment. Now hopefully they will pay down their debt and eliminate their interest burden. Eventually they will get back to fixing their infrastructure without all the Corrupt dealings they have had in the past.

[@tenorly]

Only by refusing *to pay his bills* That's like saying: "Look, honey! I ducked the car payment, and the kids didn't eat - so now we have a little left over!" And infrastructure? It's something constructive - so *of course* he has no interest whatsoever, and never will.

[@barryraymond9004]

@@tenorly By not paying the leaches.

[@MigSky]

@@tenorly Refusing to pay his bills = refusing to do the same wasteful spending the idiots that ran the country into the ground did.

[@orangemanonsteroids8569]

@@tenorlyyou mean by not Throwing money away at lazy assed bums that wont work? Sounds good to me I’m hoping to see that here.

[@nosceteipsum-mw7nj]

@@tenorlywhy he will,refuse??

[@sergioholzmann9824]

Javier Milei is an economist first, politician second. Great personality and passion to fix problems now. God bless him and his administration Viva La Libertad Carajo

[@marcteenhc9793]

Soy economista y Milei es un economista más del palo. Extremadamente limitado en lo técnico y apenas focalizado en ideas extremista que NINGUN economista con cerebro aceptaría. Personalmente, creo que ni él mismo cree su discurso y apenas lo sigue mediáticamente ya que le sirve como campaña de marketing.

[@solazetti4243]

Bot

[@djvdtweel]

modern ecenomist or modern polticians no diffrend

[@tuff9486]

@@marcteenhc9793 Y tu economia es deficit eterno financiado por emision?

[@whimahwhe]

@@marcteenhc9793 k decia

[@marcos9204]

I am from Argentina. Ever since I have conciusness, my father has always adviced me to save in US dollars. Any sensible argentine does that. I only use pesos to buy groceries and pay taxes-utilities. As a matter of fact I have 20.000 US dollars I am bringing from abroad this week, to buy a pick up truck. The current owner (it is used pickup truck), don´t want any pesos. Argentina must be the easiest country to dollarize in the entire universe, except for any land or territory owned by the us government in this planet!

[@SnowStreets]

That's not how it works

[@eazieway3489]

Better yet you should preserve your money in gold and bitcoin. Significant amount of my assets are preserved in gold and bitcoins as well as silver for years.

[@cachorrovinagre2979]

I thought the Argentine people were proud. Don't you feel humiliated using a currency issued by another country? Dollarizing the economy in literal terms means that your country is not mature enough to have its own currency. Every time Americans print money yours will evaporate. Milei will make half the country eat pigeons and cats to survive, but at least you will learn from your mistake.

[@carolvanoppen2118]

@@SnowStreetsthat’s how it works here in Argentina!

[@SnowStreets]

I mean that's not how dollarization works, the fact that a lot of people hold dollars won't change the fact it will make banks go bankrupt, people will lose millions and it would start a civil war, it can't be done from one day to another@@carolvanoppen2118

[@dadaistaingegniere]

Milei is not just working for a "dollarisation" of the argentinian economy. He wants to open the currency market obliterating legal tender law, so anyone will be free to choose his currency. So, as argentinians use US dollars for savings, a big part of the market will choose dollars.

[@tenorly]

No - it's the other way around (and Chucky has said so himself). He's deliberately plunging them into an African-style depression - because in his pea-brain, they only way to dollarize the 50 trillion pesos in deposits and cash, is to force people and businesses to burn through them all.

[@jrom72]

I would choose Swiss francs!!! 😉

[@adriannuske]

I´d go with INCA GOLD COINS! 😉

[@leoninocat5070]

He's working hard on to make argentinians poor,but on dollars

[@unnamedpodcast603]

He's an American agent. Argentina is about to become US state.

[@kinan6746]

May the force be with you, Milei, and Argentina. You have so much potential. Unleash it and become the beacon of prosperity and growth in Latin America.

[@deanfirnatine7814]

Praying for President Milei

[@words007]

New president delivered budget surplus of 590 mill$ in last argentinian 12 years. Can't believe 1 guy was enough to take 180° on falling nation.

[@squarebodyseth5986]

@@words007 Where have i seen that before?

[@erickmelendez9447]

Me too!!

[@Weshopwizard]

He just had a budget surplus. Legendary

[@jorgeparodi]

Yes, just like getting your paycheck and not paying the electric bill, not buying food for your children, not paying the rent. You will see a "surplus" , the additional money you didn't expect.

[@Amygondor]

It has only been a few weeks, steve. Let him do things at his own pace, he has way more information about our situation than you do.

[@marcossalomonmanrique4866]

MR FORBES IS CORRECT!! HERE IN ECUADOR THE DOLLAR IMPLEMENTATION HAS BEEN THE BEST MOST INTELLIGENT FINANCIAL MOVE OUR NATION HAS EVER HAD

[@ronnie926]

@@marcossalomonmanrique4866 I think he needs the Congress approval in order to dollarize and eliminate the Central Bank, and he doesn't have the majority yet. The two bills he sent to Congress were rejected. He will have to wait 2 years to the next election for Congress in order to gain a majority. Also it's not true that Argentina has enough Dollars already, in fact when he entered the presidency, the Central Bank owed to the importers a lot of Dollars because they ran out, so they were actually in negative numbers. However he has managed to accumulate 5000 million Dollars already. If I remember correctly he said he needs 7000 million to cover the monetary base and be able to dollarize, so he is very close

[@marcossalomonmanrique4866]

@@ronnie926 THANK YOU FOR YOUR INPUT WE PRAY AND HOPE FOR THE BEST FOR THE BEAUTIFUL ARGENTINA AND ARGENTINIANS

[@ChristaFree]

He's just giving advice and he's a very smart man. Listening to advice never hurt anyone. Nobody is required to follow it. He's on Argentina's side. Long live freedom!!

[@ratta-chan]

​@@marcossalomonmanrique4866Most of the world is divesting from the USD. Forbes is trying to coax Argentina back onto a sinking ship.

[@MrLea1974]

Long life freedom damn it!!!

[@zonezs]

but only if you have the capital tu afford it....

[@gapa11]

Long "live" freedom...

[@Booboonancy]

LOL … carajo!

[@MrLea1974]

@@rosadacaro qué mala onda shavona....

[@MrLea1974]

Lo escribí como lo escuché🤣🤣🤣, es un error gramático...

[@AMDG2717]

As I Argentinean my humble opinion is that he must first fight corruption and big spending government to balance the budget. Also there is a culture war against many years of socialist ideas of government being the solution to every problem.

[@elchuey8624]

Pero si ahora están con el los más corruptos. Macri , Bullrich, Caputo y Sturseneger

[@jgonzalez372]

He is doing that.

[@wedaringu667]

Maybe instead of having a socialist government we should just formally transfer all central power to the banks... dispense with the illusion of independence completely.

[@solazetti4243]

As an argentinian* habla bien si vas a hablar en ingles, asi nadie te va a contratar si queres ganar en dolares, fanatic@

[@jgonzalez372]

@@solazetti4243 Si quiera ella o el. ESCRIBE MUY BIEN EN INGLÈS! Y UD. EN ESPAÑOL CÒN FALTAS ORTOGRÁFICAS 🤷🏽‍♂️🤷🏽‍♀️🙆🏽🙆🏽‍♀️

[@jonathanpqsi]

He’s not going to dollarize he’s gonna give Argentinians the freedom to choose their own currency and Argentina has historically loved to save with the US dollar

[@dadaistaingegniere]

US dollars have been popular in Argentina since high inflation rates occurs. But has been the first choice currency for savings since the second Peron's government.

[@gameworlder9331]

@@dadaistaingegniere the US Dollar is garbage. people give the Money power while at the same time, it holds no value. Its Monopoly paper.

[@csuporj]

You cannot show the prices in 100 currencies in the store. In which currency do you give my change, if I pay with Romanian Lei?

[@dadaistaingegniere]

@@csuporj You just don't know about economics, aren't you? Stores show prices' list in their proposed currencies, one, two or more. I you want to pay with a no explicited currency on the list the seller is free to take or not you offer. A transaction in a free market is a voluntary exchange of property, not a compulsive one. In a transaction of goods there're two actors: demand and supply. That's all.

[@csuporj]

@@dadaistaingegniere Do you know any place that accepts more than two currencies? Swiss tourist destinations accept Chf and Eur, but that is just two. And if you pay 5 euro with a 100 euro bill, you'll probably get the 95 euro change in francs with a bad exchange rate.

[@mr.potatohead6138]

I'm jealous of the leadership of Argentina! I'm Canadian 😢

[@paganelli4483]

Enjoy Justin 😂

[@iamptm]

​​@@paganelli4483how's that funny, 'tumass?

[@iamptm]

El Salvador too, eh

[@tungzauzage977]

Hopefully you'll get Pierre when the next vote happens, until then stay strong.

[@Planeet-Long]

Imagine having 0 Liberals on your ballot, as a Dutchman I am happy that we actually have Liberal parties as that's apparently very rare globally, either you can choose oligarchic Conservatives or Socialists or other corrupt bureaucrats.

[@elizabethaikens7403]

We stand for a free Argentina 🇺🇸🙏❤️😀

[@Rick-dt9mv]

Thank you for your words sir. In Argentina we are in a war....the cultural battle will be long but good will prevail

[@valentinacabreraungo3369]

You've always been into trouble and each time gets worse.

[@tg5372]

Best of luck to you and your country. Your president cannot perform miracles. Especially if he is working on it alone. Hope you and people like you help him to make Argentina great.

[@ricardofabregas6532]

You mean Argentinians have a good life when the elites have the leadership?

[@rvanegasp]

dollarization is still a MUST!!! if you want to allure foreign investment and to provide some sort of a warranty that your money will not lost value.... dollarization is a key issue to create employment in the private economy

[@patgordon5757]

Change is painful but often necessary. Argentina has tried everything else so far with disasterous results. Give your new President's plans a fighting chance. He warned it would be tough in the beginning. His honesty alone is worthy of trust

[@tenorly]

Well - they've tried this 'big bang' nonsense before: During the ruinous last dictatorship, when $40 billion in foreign debt was taken on mostly to finance offshoring by elites (leaving the country stumbling into collapse) - and under that mafia goon Macri, when the same heist was pulled off; but with $100 billion. The cheer for the bleachers was always the same: liberty, freedom, "it's how they do it in America," etc. The results were always the same, too: less of all of that, and then some.

[@mirtakelsch8126]

💜gracias por tus palabras,somos casi el 60% apoyando a nuestro presidente,y seguiremos hasta lograr lo que estamos esperando, siempre habló mi Presidente co la verdad, de lo difícil que sería ,pero debemos pasar este proceso y cantaremos victoria co la bendición de Dios!

[@zonezs]

you said it as if milei policies were new and never applied in argentina....

[@leoninocat5070]

Remember Macri?

[@tomasbertorello485]

@@leoninocat5070 macri es de derecha? Si aumento el gasto publico. Argentina se canso de fracasar con los fascistas de izquierda asi que no hablen mas que los zurdos nl resisten archivos

[@epifaniovidalcruz4610]

One of the many roadblocks to dollarization facing Milei, as explained to me recently, seems to be as follows: Until now, Argentine government made money off currency transactions forced at artificial foreign currency rates set by government. Furthermore, previous administrations borrowed against the future revenue stream of such future foreign exchanges (ie they mortgaged future revenues)’. On top of that, Argentine banks were forced to carry this debt and would go under if unpaid. This in turn could create a crisis in Argentina similar to the 2008 Lehman Brothers crisis in the US. ….or worse. Milei must find a solution to this ticking time bomb before he can dollarize the economy. I would guess some of the reforms he is pushing are meant to prepare the way to address this problem. If any of you have a better understanding, please explain.

[@user-yp9fb1jb6m]

The people who would lose money by immediate dollarization are the ones who have been looting the Argentine people for years. Too bad for them, but they earned it.

[@omgwat]

Yeah I know the solution: create a free market economy in which Argentenians can both buy and sell to any country whatever they want. It's really not that crazy of a solution. Surely there's _something_ that Argentina can export.

[@tylerdurden3722]

Crises like that are more like big market corrections. It's impossible to fix things without letting the correction happen.

[@ladrillorojo4996]

The argentina is filled with time bombs, and he knows exactly what to do.

[@rvanegasp]

dollarization is still a MUST!!! if you want to allure foreign investment and to provide some sort of a warranty that your money will not lost value.... dollarization is a key issue to create employment in the private economy

¡Vamos Argentina! Se puede y se debe.

[@fabiangutierrezyaver8090]

Y si se sigue por ese camino se deberá... todavía más.

[@dogzer]

@@fabiangutierrezyaver8090 Ese es el gran problema de la deuda! La deuda es un tumor para la economía.

[@hernan860]

​​@@fabiangutierrezyaver8090si kuka con superavit vamos a deber mas 😂

[@imnotanalien7839]

May the force be with you Javier Milei and Argentina!🇦🇷

[@slawomirkulinski]

Argentina just noted first budget surplus since 2012.

[@gadelavega]

In this context, the USD is a token for "any currency" since USD is very widely used in Argentina, but we are familiar with many exchange rates.

[@argentumcitizen]

Big salute to all the argentinian brothers, home of the best steak in the world and also most beautiful woman. Keep going and make Argentina great again! Regards from Argentina.

[@yazimel7541]

Impressive leader and impressive country. Greetings from Argentina

[@mirtakelsch8126]

💜 Es el mejor que llegó de la mano de Dios! Pena que muchos todavía no entienden el bien que está haciendo por nuestra Nación y por el mundo que será beneficioso

[@MrLea1974]

Great man, working for working class

[@leoninocat5070]

​@@MrLea1974you sure?

[@berenicemackeprang2229]

@@MrLea1974 Mmmmh .Politicians raaarely work for the working class.I think this one won´t be the exception.Bla, bla , blas is easy . No matter what he says now, ,facts and time will tell.

[@sheeo_XUA]

@@berenicemackeprang2229 Fact drop: 300+ million budget surplus even accounting for the loan repayment. Seens Milei has been more than bla bla.

[@kevinpritchard3592]

Very interesting and timely analysis of the Argentine situation. The new President has successfully cut a lot of fat and for the first time in many years has a surplus instead of what appears to be payout money wasted to keep a broken government in power.

[@vincentpillo8851]

Arest all WEF crimes against humanity treason Nuremberg

[@cristiansosa1512]

Argentina has one of the most sturdy people on the planet, I know I've been there. Crisis after crisis they come back up again and keep on fightning for a better country. Greetings from Argentina.

[@BeauBirkett]

It gives me great hope to see the path being laid by Milei, I can only hope my government here in the UK follow in his footsteps

[@tobystevens3109]

El Salvador dollarized and now has a good president, the country is really making progress. If they can do it there's no doubt Argentina can as well. Good luck!

[@actionforanimals4862]

Steve, like many wealthy individuals in the USA, believes in socialism for rich corporations (govt bailouts) but not for people.

[@deanfirnatine7814]

When did he get a bailout? Most of the super wealthy are at least socially far left including the giant Wall Street firms pushing DEI

[@no89lan3]

👏

[@Dr.Oppenheimer-Style]

Could you elaborate? How would decolorizing the Argentine government lead to the cronyism that the USA has?

[@actionforanimals4862]

@@Dr.Oppenheimer-Style I was speaking to his specific comment at :42 where the says, "...the threat of modern socialism." That's all. Steve says nothing, perhaps ever, of government bailouts of corporations during the pandemic or during the 2007-9 housing crash, which is socialism. If he's so against socialism then why hasn't he spoken out about these bailouts?

[@patgordon5757]

​@@Dr.Oppenheimer-Style 😂😂😂 Greenback is nickname of US dollar.

[@gerardoausa]

Vamos Milei! Vamos Argentina que se puede.

[@xmini-ul7je]

Dolarizar es vender la patria, Argentina con los recursos que tiene no lo necesita, esto solo se haria para vender la patria y ser esclavos de los judeo masonicos. En caso que quieras ver un liberal de verdad (no soy liberal, tampoco lo contrario), te recomiendo ver videos de Nicolas Moras. LA PATRIA NO SE VENDE.

[@phillipmargrave521]

Now if the US government could just stop spending itself toward hyper inflation.

[@karlburmeister1552]

Yep, US can't even pay the interest on the debt at this point. It's a ponzi scheme. The powers that really run the US know that after the coming civil war the US will no longer be a country. It'll be here within 5-15 years. 25% of Americans want to secede and another 25% are on the fence about it and those numbers are growing.

[@HuntingTarg]

Nope, it's a runaway train now, esp. since Congress stupidly won't give up on Ukraine. Get precious metals, crypto, secured Real Estate deed - anything else. The Federal Reserve Note has a death sentence on it.

[@celdur4635]

He can't cut taxes now since there is too much debt and he has to balance the budget. Apparently he wants to save up more and more USD, and by July he will be able to Dollarise and have enough savings to withstand any market reaction.

[@jacobpetersen9430]

its true what you say removing regulation is probably the best way but Lowering taxes can often lead to economic growth wich in turn leads to the goverment reciving more in taxes

[@MrSirFluffy]

He is a smart economist so I trust he is making the right choices. I'd dollarize right away and announce a tax reduction based on the amount of budget that is reduced. This way investors have something to look forward to, and the citizens are motivated to support slashing the budgets of many bloated Government institutions. It's a great way to gain support AND start getting the benefits of investors who are looking ahead. Plus, he doesn't HAVE to reduce taxes if for some reason they can't reduce the budget to a specific target, and it would be okay because he announced as such. Also, it allows for a gradual tax reduction based on progress so even if they can't get to the target they can still get closer and give people the sense of progress.

[@leoninocat5070]

He's a smart con man

[@ubermind-tim]

​@@jacobpetersen9430How is ut that countries that have lowered taxes face gargantuan budget shortfalls? Case in point the USA.

[@jacobpetersen9430]

@@ubermind-tim i wouldnt call france portugal spain italy greece belgium low tax countries. However i would say estonia and luxemborg have relativley low taxes. Dont really think theres a clear corelation there

[@joncarbone]

'Prosperity doesn't cause inflation. Reducing the value of your currency does.'

[@moetocafe]

Mr. Forbes made excellent remarks on Argentinian economy and current difficult realities. Since I live in Bulgaria, where with the help of Mr. Steve Hanke, we were able to stop the hyperinflation more than 25 years ago, I may have some valuable advises: No need to remove the peso, you can instead introduce a monetary board, where you fix the exchange rate of the peso to a stable currency. Of course, that may require to denominate the current peso to a new peso (which has higher value) and tie the new peso to a stable foreign currency. I would advise against using the USD, since the US economy itself is in a very difficult situation, but of course it is up to you. Wish all the best to Argentina! I hope you make it through these difficult times.

[@edwelndiobel1567]

Im really impressed with Argentina. They have many problems and said they are sick of them and want to fix them. And so they are diligently trying to do. I wish them well!

[@juaniburioni]

VIVA LA LIBERTAD CARAJO!! 🇦🇷🇦🇷

[@yayagazab4449]

You can’t tax your way to prosperity.

[@AEARArg]

Argentineans currently hold above 300 billion US dollars. That is not the problem. The problem is that President Milei started his administration with a Central Bank holding zero foreing exchange reserves and tremendous debt in pesos and dollars, at home and abroad; and a federal government in rampant deficit. So the country was in the brink of hyperinflation and debt default. But now inflation and default fears are slowly, but steadily, abating. Anyway there are good news. Dollarization is already underway; albeit in silent fashion. Our finance Minister and the Central Bank President are currently swaping pesos, and peso denominated debt, for USD denominated bonds. At the same time the Central Bank is increasing USD reserves, day by day. We expect that by the time of the next harvest (due in March-April) Argentina's Central Bank will have greatly reduced peso liabilities and will posess plenty of USD dollars at disposal to declare a formal dollarization, without fearing a run on the banks. We are hopeful that by the end of this year Argentina will have dumped the peso for ever. Long live the Argentine Republic! Long live Freedom! Damnit!

[@JamesL42]

Remember when 70-odd Economists signed an Open Letter warning Thatcher against the policies that brought Britain to its economic Apex in the 80s? I do.

[@fartexplosion4480]

You know what also happened to Britain in the 80's? Soros. So maybe they were right

[@misterpinkandyellow74]

And they were proven right

[@georgerobertson1054]

@@misterpinkandyellow74we’re not doing so hot now, but you can’t blame that on thatcher. She came in to power in the 70s during some of the worst economic times our country had ever faced. We made a recovery under her policies and then kept improving under subsequent govts til 08. After which it seems not a single conservative parliament over these last 15 years has been able to do anything good. Hopefully whoever’s in next can do something to help turn the table.

[@misterpinkandyellow74]

@@georgerobertson1054 yes you can, she started the privatisation disaster.

[@misterpinkandyellow74]

@@georgerobertson1054 also ironically enough Tony Blair carried on Thatchers economic policies. Thatchers Neo Liberal have ruined the UK. We do not have a strong industry anymore.

[@pogonomyrmexrugosus6240]

The dollar is fiat currency. Let him run his country.

[@HuntingTarg]

It would provide a quick fix to loosen and liquidify the economy after slashing so many gov't. programs. He can use the USD for a few years to fix problems and 'get the machine running' again. Besides, the Argentenians holding on to those dollars had better do something with them soon (2-3 years), or all their saving and waiting will be wasted.

[@1aninterpreter1]

Milei's gotta love hearing this kind of encouragement! I am sure that by the end of the year Argentina will have dollarized it's economy.

[@davidandrewburrows1015]

Free Market is best!

[@zonezs]

also, imaginary.

[@MrSirFluffy]

@@zonezs "Free Market ideals are the best", I guess this would suffice as an adequate correction. That said I always choose freedom of the people over any institution. A free market lends itself to prosperity, the Governments role is to maintain the health of the free market. If an issue arises that threatens the free market, than the Government should step in and attempt to correct it. For instance a polluting facility or an aggressive monopoly that is hindering competition through nefarious means or business activity. Contrary to popular belief, some monopolies are totally accepted. It's only when they stifle the competition through influence in Government or other means that it becomes an issue. For instance Steam is basically a monopoly, but they have great business practices and don't use their dominance in the market to negatively impact consumers or potential competition.

[@leoninocat5070]

Free market is perfect...for millionaires

[@MrSirFluffy]

@@leoninocat5070 Well, most millionaires are just normal folk who experienced the easy upward mobility of the free market. Most millionaires were not born millionaires and their children will likely not be millionaires if they were raised improperly. Make good choices and have a decent career and you will most likely be millionaire when you retire. Or you could squander your earnings and buy frivolous items and enjoy the short term gratification of goods or services, your choice and both are fine. My parents didn't invest properly and were careless with finances. They would 100% be millionaires if they had fiscal education, but we also lived a prosperous life never being millionaires. In fact for the most part of my young life we were poor, but still very happy. Gratitude goes a long way.

[@user-ni1dm2oc5v]

And government countrol. Just saying I am not a Communist I only believe that governments should sometimes control things.

[@alanharrison694]

That is the exact direction Argentina wants to take. He is successful in his first few months, and will continue to change his country for the better.

[@michaelclairforet5031]

Sorry Forbes, you are wrong. Argentina needs to go a gold backed currency like Russia, and America previously. Fiat currencies always fail and reliance on the fiat American dollar is lunacy.

[@marianob5089]

Be patient...

[@emameyer]

When Steve Forbes sends you a videomessage congratulating you on the achievements you know you are on the right path Viva la libertad carajo!

[@s3p4kner]

I agree with the message, but with the greatest of respect to Mr Forbes whose done a great job running his Grandfathers company, I think he over-estimates his importance both to Argentina and Internationally. I'm sure President Milei, an economist by profession among his many skills, will keep an open ear and mind to the many - many - messages of advise from the Globalist elites that have aided Argentina through it's many difficult decades following Peron. My own humble advise to Mr Milei is: Watch your back.

[@gingipw]

Exactly, they "aided" by pushing it down.

[@micchaelsanders6286]

Javier Milei îs a hero!

[@lamrof]

Milei is as brave as Zelenisky. Both heroes of this century.

[@dogzer]

Milei is one of a kind

[@HaohmaruTachibana]

​@@lamrofZelensky is a puppet and a pro Globalist

[@iklull6135]

Lol do you live in argentina? I doubt he even finishes the presidency if he keeps.fxing up, people already hate him

[@berenicemackeprang2229]

Come on ! That´s the beginning of the problem. To think that aaany politician may be a hero or a savior .

[@brianbassett4379]

When sociopaths give advice and suggestions, it is *_always_* for their own benefit. What Mr. Forbes is saying may be accurate, but it's not out of concern for Argentina or her people and certainly not the kindness of his heart.

[@florenciooliva9825]

How did you know this?

[@kevinclasher3160]

He’s probably been paid by the US government to say this…. If Argentina does switch to dollar only, then the US government will have full control of the country. If you don’t do as your told, then they’ll sanction you, imagine the whole country cannot function because the US stopped you using the swift system u til you do as their told and on top of that they seize all your assets…

[@rvanegasp]

dollarization is still a MUST!!! if you want to allure foreign investment and to provide some sort of a warranty that your money will not lost value.... dollarization is a key issue to create employment in the private economy

[@ThisPhone-yr8jr]

Dollarisatìn of their economy means the dollar will loose value at the expense of the usa. During the elections he announced he wants to legalise organ selling. He wants to get rid of the central bank. This would mean he does not want to pay back the imf loan. His election campaign was full of contradictions like these. That one would lead to being anti West and turning towards china. If they do not pay back the loan consisting of one third of all loans imf has in the world, then the whole west falls in economic despair. We the hard working tax payers, lend it to Argentina in the time when money had value. That was the money meant for the old age care of all our elderly. The dollarisation will not work in the end as it leads to them not being able to keep up with the west as the same local crooks are still in place hampering their economy. They can not afford to dollarize, milei will then be austed and Argentina will go full left again. What a disaster of a country. Driven behind the scenes by national socialists and ready to explode with milei as the spark on the fuse.

[@carloscorrea8609]

It won't be easy but it seems Milei will do it. For the well-being of Argentina and then us. Greetings from Chile.

[@sirrodneyffing1]

I think he’s busting a gut to do it. He has to break the unions too, get rid of their power base in the public sector by privatising anything not nailed down.

[@dogzer]

Singapur did it. Milei is the tip of the spear, but he needs the weight of the people behind him. People has to want it.

[@leeknivek]

well, guess what, if the state has no money, no income, and is rapidly approaching destitution, by which way are they going to pay all their union workers? you'd rather have poverty stricken "union" employees in the "public" sector working as essentially slaves for a valueless fiat currency than let people decide and prosper on their own, just goes to show how little you understand anything despite your arrogant attitude

[@dr.prof.martalazear6387]

No son los sindicatos que se Herencia de hambre en Argentina son los ladrones de la plata de los trabajadores 😮

[@victoriab.6601]

We have a long tradition of very strong unions in Argentina. Milei is going to fail inevitably.

[@sirrodneyffing1]

@@victoriab.6601 Thatcher did it. Unions in Britain were very powerful too, but when you sell off the publicly owned companies and the trade unions atomise very quickly. The only unions in the UK that have any power now are all still in the public sector. His biggest problem is who to sell them to; but there is a trick to that too; give shares to the workers..they change their attitude to strikes very quickly.

[@gastaotaveira]

Brilliant.

[@Tomdog83]

How in the world is this a Forbes video........?

[@gumetachavezh]

I like Milei's charisma and ability to explain the economy in simple terms. Also, the way he has been confronting the cultural left is inspiring. He is a real leader and an inspiration to many. However, he does not have any managerial or executive experience. He lacks people and negotiation skills. He is too transparent and too emotional. A president should work to unite people towards the same goal not to divide and confront. He can learn but Argentina does not have time.

[@berenicemackeprang2229]

At least some rational people (like you) can see the other side of the coin.

[@patriciasalas4210]

Please , don't try to change Milei ,he is where he is because the way he is.

[@justtruth9003]

Talk about being late to the game, Forbes speaks about dollarization as if it were his idea, not what Milei has been publically talking about for almost two years and already doing it

[@69Saluki]

Why? Why buy an inflated American dollar rather than gold backed currency?

[@kevintackett7564]

While I admire Steve Forbes I also think he has a financial interest in weather government succeeds or fails. Javier, do what God has intended you to succeed in!!

[@DarkF00L]

All cards on the table, I'm an American who has a problem with this proposed "warning" from Forbes. However, I read some of the comments to hear what actual Argentines/Argentinians think. Many of you seem to want to go to the dollar currency. My biggest problem with Forbes proposal is that the U.S. Dollar keeps getting inflated; one of the biggest ways is through over-printing. The debt from the dollar is a bubble which WILL eventually burst. Why on earth would Argentina rush towards that when they are doing so well at fixing their economy?

[@rodrigonogues]

Excelentes palabras Mr Forbes! Ojalá mis compatriotas sigan apoyando a Milei qué está librando una verdadera guerra contra la casta!... la libre competencia de monedas es el único camino para exterminar la inflación!

[@yeoooo]

Steve has been proven wrong in less than a month. Lovely.

[@fractal97]

And the point of this is!? He already said he would replace peso with dolar. He also is a knowledgeable economist working for years on many issues. His speech at wef showed to what depth he understands the issues we are facing today. He does not need lessons, he can give them and he did as a professor. Suddenly now everyone is showing up full of advice for him how he should govern.

[@aengeli62]

As long as Argentina stays away from the IMF (International Mafia Fund), they will be fine.

[@richardburton1816]

He has already said that people can carry out their transactions in $ if they want to. In fact he believes that it is up to the individuals to decide what they would like to use as a medium of exchange. This is better than dollarization.

[@rushelm8101]

Viva Argentina!

[@Nico-sl5wr]

Brethren, Argentina has languished at its historical nadir for over 70 years. As we brace for the emergence of a new formidable force, it behooves us to channel our resources into this illustrious nation. Remember this comment to express gratitude in due course.

[@calvitocalvon1711]

Dale govir

[@gustavobortolotto-bf3sk]

​@@calvitocalvon1711donde dice " GOVIR " léase virgo . Sería difícil internacionalizar esta expresión barrial que ni siquiera es un fenómeno . Gracias por participar kircho .

[@calvitocalvon1711]

​@@gustavobortolotto-bf3sk govir

[@Nico-sl5wr]

@@gustavobortolotto-bf3sk Pero con que holgura fue esa respuesta. El elevado nivel de redacción de los intelectuales de miller es extraordinario.

[@gustavobortolotto-bf3sk]

​@@Nico-sl5wrNo es Miller . Es Mailei . Je

[@diegobraga4a]

A necessary call from reason and sense.

[@omargiovanni7767]

VLLC!!

[@thomasfarley5070]

The cost of freedom is denominated in US dollars, the burden of tyranny is denominated in Chinese yuan!

[@omarordorica]

Agree the dollarization should be done, quickly, but it's key to ensure no deficit on the public accounts as a pre-requisite. The dollarization will not only kill the inflation almost immediately, but will also reduce the currency risk and currency exchange costs that will pave the road for foregin and local dollarized investments

[@daniellucena9694]

Thank you very much Mr Forbes for your advice.I'm sure our president will appreciate it a lot.

[@askeladd60]

Forbes, how the heck do you have the gall to advocate for Argentina to dump their currency and replace it with the currency of a country whose central bank is pursuing the same idiotic monetary policies that led to hyperinflation in Argentina?

[@HuntingTarg]

What will happen to all those Argentenians who have been hiding their wealth in dollars for years? The Argentine peso is garbage, there's still some time for him to 'oil the machine' and get some liquidity before opening up other ways to store and exchange wealth. The US Gov't. hasn't resorted to outright stealing property from its citizens (yet).

[@mikegeld1280]

Mr. Forbes is right about this,it must be done presently

[@user-wk4or3oi6p]

Great job Javier!

[@IR19881]

Thank you Steve!

[@lostinspace699]

USA is dying ,, and is a dump ,,, Australia ,,,

[@brentsrx7]

I like Steve Forbes, I don't much like the U.S. dollar. Federal government inflationary spending is a tax on the world economy.

[@echobear5228]

I am Canadian staying 6 months in Florida. When i left Canada in November the dollar was worth 73 cents, yesterday it was 71 cents.

[@kevingross7082]

Spot on. Then you can all that peso paper and make some pretty wall paper...good success to Argentina ❤

[@ateisme3752]

Warning, where have you been the last years in Argentina?

[@defendfreedom1390]

There is a difference between those who have a courage to implement free market policies and those who merely talk about them.

[@rreexx]

@ElPelucaMilei

[@michaelsparks6084]

Someone please make sure Javier sees this video!❤

[@Mike-us1wr]

Thank you

[@nicolaspets4975]

Viva la libertad carajo!!

[@victoriab.6601]

vendepatria

[@florenciooliva9825]

Good luck to Argentina!

[@gapa11]

The world must support President Milei

[@victordias1840]

If Argentina dollarizes, the USA will be able to print more money and transfer part of the American public debt to Argentina.

[@paxaeterna3709]

That's already hapening because almost all prices in Argentina are peged to the dollar totally or partially

[@paulgg6494]

Vola zurdo

[@ragnardanneskjold7259]

That's why it's a mistake. Milei should create a new Argentinian currency backed by commodities (gold, silver, and whatever else the country is abundant in). Stay out of the IMF, and avoid entanglements with other nations (not to be confused with trade).

[@AiRPasternak]

​@@ragnardanneskjold7259Argentina already had several currencies the problem is politicians always print non stop. It's time to remove Argentina currency for good because some people just can't stop printing.

[@crazyyoutuberguy]

The USA does that already..

[@smartviv]

Mister Steve Forbes Thanks a lot and we Appreciate your voluble Time Is You For this letter to are brave intelligent Javier milei President off Argentina And concert about this situation and are country to Thanks Again.

[@tangomoon111]

Love Milei! Great video and observations.

[@donam2943]

Milei knows exactly what to do. Give him some time and space, and Argentina will be on its way to success. Viva la libertad carajo!!!!

[@nelsonnatera6699]

Just 30 seconds on this video, and I 100% agree!!! I'll keep watching it!

[@Leo-dn4bt]

Milei! Argentina te Ama!

[@joshaklese4969]

A 2 dollar steak costs 56 dollars. The dollar is fukt.

[@hakon1027]

As someone from Europe i will say. Every country needs his own currency, if it wants control over his economy. The Euro here ended up beeing a disaster. However the dollar can be an intermediate step to stabilize the economy and stop hyperinflation.

[@nv1493]

Fix the USA before you start advising into another country. I suspect Mr. Forbes would come out handsomely if the dollar replaces the peso.

[@WithmeVerissimusWhostoned]

Wrong, every state must own couple of things such as water, agriculture, energy, infrastructure, and not allow private sector business to parasite on its existence and its people.

[@hmm988]

Cuba, Venezuela , North Korea , are good examples of state ownership.

[@WithmeVerissimusWhostoned]

@@hmm988 those are bad examples of state ownership, just as your comment is a bad example of an argument.

[@hmm988]

@@WithmeVerissimusWhostoned sorry your Holiness, we will close our eyes and pretend that those countries do not exist because you consider them bad examples. And you talk about parasites 🤣

[@ramonabreu8317]

You made my day dear gentleman, totally agree with your statement ❤❤❤❤❤❤❤

[@MarceloNunesPOA]

This is a great advice and support message for our "hermanos" from Argentina! I'm hopeful that this is exactly what Milei is willing to do but is fighting with the political stablishment to get the green light. Freedom is great, freedom with democracy is even greater! Your message will certainly help on his endeavour. Thank you, Mr. Forbes!

[@djolego14]

Thank you Mr. Forbes for such a great advise to Mr. Milei, president of Argentina. Long Live Milei and the revolution for freedom!

[@chinaboytag1]

Good advice, but this might be a tactical move to prove the model before he dollarizes. The man's moving at light speed. I am sure that he is aware that they have no choice but to dollarize. I would actually think that he's just trying to offload the government businesses before dollarizing to get a competitive advantage. Regardless, I am sure he won't forget it. Whether right or wrong, the man probably has a plan behind this.

[@daffidkane8350]

Did Argentina not try dollarization before? The problem with dollarization is productivity if your currency cannot depreciate relative to your trading partners.