Argentina: Thousands protest in Buenos Aires against IMF debt deal

Thousands marched on the streets of the Argentine capital to protest against a loan repayment deal with the IMF, fearing the economic fallout on their lives.
They say the record $57 billion loan should be ignored.
But that would risk isolating the country from international financial markets.
Al Jazeera’s Teresa Bo reports from Buenos Aires.
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#Argentina #ArgentinaEconomicCrisis #IMF

[@Killdozer667]

"In Argentina, 55% of all registered workers are employed by government" - no Argentinian sees a problem here?

[@sergelondon916]

The same way Greeks never saw a problem with this.

[@dragooll2023]

Everyone sees a problem in this, even the public workers. Not much to do when the majority keeps voting the socialists

[@thesoundinyourhead1782]

@@sergelondon916 in Greece was not 55% though

[@sergelondon916]

@@thesoundinyourhead1782 I never quoted an exact figure? I was only referring to the Greeks having a sizeable amount of people employed in the public sector as well.

[@agustin4164]

thats not true bro..

[@jolandajong4068]

IMF hegemony is tied with US Dollar, it won't last forever, and it doesn't have the same impact as 20 years ago.

[@delightfulThoughs]

The IMF gave 50 000 million dollars to Argentina. What did the Argentinians do with all that money? Politicians stole a lot of money, thousands of millions of dollars, in various corruption schemes that are well known to the argentinians. The rest of the money was distributed by those same politicians in populist campaigns, giving free food and even salaries to strikers (aka people that didn't want to work)

[@yo2trader539]

Imagine if there weren't an IMF. Even loan-sharks wouldn't be lending to Argentina.

[@The_Christ_Angel]

But the Bible says that in the end of days, if a God ever told a lie, that is also called a demon...

[@ExploreLearnEnglishWithGeorge]

I really do hope that their govt will use that money to finance reforms...otherwise another default is developing

[@mizuhokusuha]

This is a obvious lesson - Don't take a loan you can't pay back.

[@armandofernandez6772]

It seems to be a hard lesson to learn for Argentina. Almost every 10 year they take a loan from FMI. And I am sure there will be another FMI loan in next years, if not now.

[@wadafik]

0:50 22nd agreement! Is IMF really that charitable or they have something to gain from this???

[@alexanderthemeek]

All the natural and mineral resources of Argentina will become collateral for these loans and will be property of IMF when Argentina defaults.

[@iceycokey]

Belt and road > IMF debt trap

[@dool1002]

so what did they do with the money?

[@alehaim]

What Argentina needs is to fix its economy is by firing all the unnecessary government workers, but that would be political suicide due to just how many government paid workers there are.

[@FahadShah822]

They need to embrace their free market and lower taxes, but the taxes are they only thing keeping the people alive at the moment through gov aid programs like food stamps.

[@lubu2960]

and reforming unions and lowering the deficit

[@JohnJohn-rz7tn]

That’s all the IMF knows how to do ,is how to tell government that they should cut government services to the people .

[@lubu2960]

@@JohnJohn-rz7tn and they are right to do so, unsustainable services need to be cut

[@MrTrevorDidier]

Governments worldwide should be cut a minimum 80%. Most of government is useless, inefficient, corrupt and incompetent.

[@funghi2606]

Argentina is one of those countries that each time has to choose, they pic the worst outcome

[@simonclarke7309]

And what's is that debt slave to the American bankers

[@honiiklover]

This is the real debt trap

[@senoadjiaditya1535]

22nd loan agreement with IMF?? That's quite an achievement.

[@RUTHLESSambition5]

ImF debt trapped Argentina

[@lucasmate1582]

Why take it so?

[@simonclarke7309]

@@lucasmate1582 installed western puppet

[@ralphemerson497]

Not a problem. Argentina just signed a Belt & Road deal with China for several billion dollars. Let’s meet back in a year and see how the Chinese loans are working out.

[@lucasmate1582]

@@ralphemerson497 They Will blame everybody but themselves.

[@Rainforestdelight]

Argentina indebted itself.

[@ea6398]

Argentina is beautiful amazing country but always have problems with government! From the 2 - world war until now Argentina always going wrong direction!

[@tauceti8060]

Mismanagement of the economy my friend.

[@The_Christ_Angel]

They just need a Christ Kingdom Mathematician...

[@simonclarke7309]

Your faith in the banking system is unreal.

[@janicechildress2952]

Corruption.

[@ezralimm]

Repeat after me: Serial defaulters need to be forced to not have debt. A bit of pain, but remain debt free.

[@trireknoastuti9245]

Kuku DMD

[@ricfermi5886]

Oh Argentina! You borrow all you can get then you cry default. Don't cry for me Argentina says the IMF

[@karelhavel4205]

next time don´t vote for politicians that indebt you...

[@sameerak244]

There is no solution when you bankrupt

[@JSwift-jq3wn]

IMF will collapse

[@elimlinrr6898]

From Malaysia. IMF is an example of real debt trap. When George Soros and USA attacked our economy in 1998, we refuse to accept IMF bail out, but instead freezed capital outflow and fixed our exchange rate to 3.8 for few years until our economy recovered.

[@alexisvladimir8148]

Dude, you are not gonna mention how argentina itself is the problem? What would you do if someone burrows from malaysia and they decide not to pay you? If the IMF will not finance argentina, then they would collapse sooner since not even China will lend them

[@mikeandersson7962]

And who is controlling the IMF?

[@hollyarandelovic1158]

Go Argentina

[@climatetech511]

Economic Hitmen

[@battousaix4523]

IMF debt trap

[@ken-je9oi]

Just like the 🇨🇳 one

[@Youdontshushh]

@@ken-je9oi yes the master

[@lucasmate1582]

Just dont take it anymore, easy.

[@delightfulThoughs]

The IMF gave 50 000 million dollars to Argentina. What did the Argentinians do with all that money? Politicians stole a lot of money, thousands of millions of dollars, in various corruption schemes that are well known to the argentinians. The rest of the money was distributed by those same politicians in populist campaigns, giving free food and even salaries to strikers (aka people that didn't want to work) No real investment was ever done. They ate the whole thing up at once. I won't blame the IMF for that.

[@Shadowed007]

US dollar is not a currency it's a debt

[@KDH-br6hy]

? What

[@polynesianwarrior2166]

@@KDH-br6hy debt trap

[@apeman9238]

I have seen a lot of idiots in this comment section but you sir are the king of them all!

[@manikdc979]

They must get in touch with Chicago brothers who helped Chile from sort of same Argentinas condition which is in 150 billion dollars negative to 20 billion dollars plus economy

[@magdalenaos8215]

Well, if you can't pay back, then maybe don't borrow...

[@simonclarke7309]

Usa owe 30 trillion but keeps on printing. America hates the poor and when a gov steps in that returns to a social balance, "we don't recognise that election" and tout their boy and cause unrest. You are simple

[@magdalenaos8215]

​@@simonclarke7309 Do you think that there is a basis to compare the USA and Argentina? 33% of global reserves are in USD, so USA printing money will have far less impact on USA society than Argentina doing the same. In my country there is a saying "What the governor can do, you stinky peasants can't do" (in a loose translation). Also, there is another thing - borrowing money. If a rich man borrows a million for whatever he wants to do with it, banks will have no problem with giving him loans because they know he will pay it back. If a poor person borrows 10 000 for consumption, it will be a different case. It would be irresponsible to lend this person money, because they can't pay it back. Especially since it doesn't go for investment but for consumption goods. The IMF is not a charity to help the poor, it was created to give loans, not donations.

[@simonclarke7309]

@@magdalenaos8215 but the whole system is rigged to work one way, and will go to war if a socialist government gets into power, the cia are sent in. In UK petrochemical companies are being supported so much, one has not paid tax which as a rate was. Minus 51% while us peasants suffer. The American debt is still growing

[@saintpinewood562]

If they don't borrow they will die of starvation

[@magdalenaos8215]

@@saintpinewood562 Argentina? Argentina produce and export tons of food, starvation should not be their problem.

[@imdba3685]

The problem is the currency has dropped so much in value. So it's like they are paying 10X more - 1000% interest rate.

[@Kaijuus]

The IMF never learn with Argentina... Lol...

[@rickycastillo3048]

THEY HAVE TO PAIDDDDDD

[@dyu999]

Your president, after attending the winter Olympic, is supposed to bring back money, is it?

[@ag-bk5wf]

Sadly argentina looks like a great country....Elon or Jeff will probably buy argentina.

[@TheFixIsIn-fe1jy]

Put government workers making widgets to sell on the world market, If you barrow money you have to use it into your business (Country) not hand out here and there that doesn't do anything for the country.

[@godserenaserena2461]

Your leader is at fault, bagging all your money thats it

[@SMCGPRA]

Work your asx up and pay your taxes and put your brains to build industry that will earn export revenue

[@jarrodyuki7081]

the economy is globalized.

[@Michi85387]

Go Argentina! Stop putting up with this authoritarian rule!

[@alexisvladimir8148]

Do argentinians even recognize that even no matter how collectivist you are, you still need to pay your debts? Put yourself in their shoes, if you lend money to help someone, and they decide not to pay you, how would deal with that?

[@FahadShah822]

If I were Britain, I would force a sale of The Falklands.

[@alexisvladimir8148]

@@FahadShah822 force sale would only legitimise their ownership on it

[@FahadShah822]

@@alexisvladimir8148 Not for long ;)

[@yo2trader539]

I've no idea what nations are supposed to do when they go bankrupt. It's not like Argentina can't pay back $57 billion, it's more like they don't want to.

[@simonclarke7309]

America is in 30000000000 or 30 trillion in debt but can print fiat money endlessly. Banking system needs removing its a parasite

[@tauceti8060]

@@simonclarke7309 That dont sound right as printing like that should cause severe inflation.

[@mattgummerson8370]

@@simonclarke7309 Argentina cannot service the debt like the US can

[@simonclarke7309]

@@mattgummerson8370 but like uk we print money ad infinitum with zero consequences. We control the mechanisms that decide to crush a country. The USA has 30 trillion debt which of course owed by the public. The system is privatise all profit and nationalise all debt we the uk are experts at it. Brexit was for the 1% to carry on enjoying the benefits of the likes of the cayman islands whilst impoverishing the whole nation. In UK we bailed out banks to the tune of 850 billion. Not on penny trickled down. You still have blind faith..... I see it for what it really is.

[@simonclarke7309]

@@tauceti8060 I'd didn't in uk when 850billion was printed and given to the banks where it promptly disappeared without a trace. No inflation. Similarly the USA. I took economics those rules don't exist any more.

[@rickycastillo3048]

They don't want to paid

[@briantyson7744]

The IMF is another algorithm written by Foghorn Leghorn.

[@bigguy1272]

Pakistan: Not one protester in Islamabad against IMF debt deal, why Pakistan government can't reduce its operating expenses or impose minimum 25% income tax on agriculture income and wealth tax.

[@suepowell1979]

Bless you fight on! We Americans are gutless

[@DarkKnight-dk3bf]

God help 🇦🇷Argentina When USA is your friend you don't need enemy.

[@tiagofilipe6592]

Btc better than the IMF? Maybe they should go El Salvador route

[@kikibrayo9436]

I wish this was Kenya....Our govt takes up millions of dollars in debts without any accountability...

[@reymar4657]

Economic Hitman....

[@cad5965]

imf debt trap

[@lucasmate1582]

Why take it so?

[@tauceti8060]

Mismanagement by the govt is to be blamed too.

[@polynesianwarrior2166]

True👍

[@muhammadshoaib1962]

Same problems in Pakistan.

[@jornalistarenatarosa4205]

I think Ferdandez will get some money from China...

[@robertabella1806]

pay ,you freeloaders

[@milidas9381]

Nesera gesera law enacted 2 yrs

[@chuckleo6039]

拉美其实是个潜力很大的地方.资源丰富，农业条件好，而且人文也比较温和，人长得好看的多，要是能纠正错误，感觉可建设成比美国更有意思的文化经济. 可惜这些都要被插队的罪犯和无能的穆斯林耽误时间效率低遇到坏事看热闹不阻止，给耽误的可能没机会实现了…

[@Youdontshushh]

Nice islamophobia

[@chuckleo6039]

@@Youdontshushh 你丫看懂了么？就瞎回复是islamphobia

[@sergelondon916]

@@chuckleo6039 Because you wrote bullshit.

[@chuckleo6039]

@@sergelondon916 did you fool really understand my comment ? How can you arrogantly criticize something that you don’t understand? Stupid Idiot….

[@Youdontshushh]

@@chuckleo6039 wretced islams u say. F ur athiest beliefs out, we dont need wumaos on yt. Go dance around ur tiktok

[@Ufu4847]

In other to solve this problem everyone has to be fully vaccinated.

[@agustin4164]

hahhaha i read the comment section..so many people talking without knowledge

[@fourthright]

Translate a book of basic macroeconomics into spanish. All problems will go.

[@IbrahimMoigua-po6uj]

imf????????

[@sadiqakbartaranwal]

I respect everyone who were involved in this Seriously the best piece that i ve ever seen on KZbin 💌 Hate off to well all 💟 love your videos ❤ ......

[@globetrotter5751]

Misery and hardship will continue to doomsday. Latin America has been ruined since the hardworking abd caring Spaniards and Portuguese set foot in it.

[@Blaftuned]

Spaniard and Portuguese are our culture. Argentina is also addicted to debt the country that defaults the most in the world.

[@globetrotter5751]

@@Blaftunedonly if you are Iberian. And don't forget the moorish culture to add to your belt.

[@Chatisthisrealquestionmark]

javier milei presidente.

[@MrSokmalinowy]

Last week I made $3500 USD on US indices. The strategy I use has an efficiency of 85%👍I am on a continuous profit and know how to make money in the stock market effectively.

[@RaeesIsmail-ro3vu]

ask messi '

[@aminoor12]

Imf is not fair to developing countries

[@stephanbourgeois624]

Bitcoin is all I can say

[@mitp2514]

Bitcoin, bitcoin, bitcoin.

[@tauceti8060]

Illegal,illegal,illegal

[@GreyWanderer]

Learn from El Salvador and free your country

[@jesussavesfromhell9320]

John 14:6 Jesus said to him, "I am the way, the truth, and the life. No one comes to the Father except through Me. 1 Corinthians 15:3 that Christ died for our sins according to the Scriptures, and that He was buried, and that He rose again the third day according to the Scriptures. Romans 10:9 that if you confess with your mouth the Lord Jesus and believe in your heart that God has raised Him from the dead, you will be saved.