Has Milei's "Chainsaw" Pulled Argentina Out of a Recession? | Vantage with Palki Sharma

[@fran3715]

I am Argentinian and I live hiere , the inflation is going down , the prices of groceries are fix or going down . And the value of the peso is increasing… so for the moment looks pretty good 👍

[@SkipKiplinger]

Your country is beautiful, the food delicious, the people wonderful! You all deserve an economy just as great. Can't wait to return for business

[@ancapgrandscribe9546]

Yup, make sure you spread the good news as well so that those impoverished don't stupidly vote him out for a commie again.

[@lilmbaye29]

Stop lying to yourself buddy.

[@dipsuny]

Go BIKINI LAND! You guys invented bikini and hot women..lots of Love from ❤❤❤❤..give Milei my kisses and hugs..MAGA TRUMP🇺🇸🇺🇸🇺🇸

[@Frank22164]

Just wait, you are going to be one of the richest countries in the world. He needs to win parliamentary elections and then make the final changes to liberate the economy. If you have a stable regulatory environment companies all over the world will be rushing into your country. Look at Ireland, the history of Hong Kong. I wish Milei was our leader in the U.S.

[@nyo1026]

That's what a well educated, well read and bold leader who loves his country does to his country.

[@Leo-rd7dt]

I remember When he was elected people called him *mad* *man*

[@platinum2905]

Rich people getting richer doesn't mean shit. You have to realise that the economy and living standard are 2 separate things. As long as 1% have 90% of the wealth Milei says it's perfectly fine😅.

[@የዝምታአቀንቃኝ]

🙂 The poverty rate increased by how much??? Real change can't make the people worse off. #Gaslighting

[@RDesai_indiancapitalist]

​@@የዝምታአቀንቃኝ listen to his answer on this on lex Friedman podcast, poverty was already there, but it was hidden by artificial money printing and not Monetary measures which were still same. It's like giving you many dollars to empty island. Real wages are rising and poverty will decrease soon,

[@pedrojulio1960]

3 years before he doesn't even have a political charge. Very fast he candidated like senador and make his own movement. He erased ministry of women and no money for LGBT. That's what every country should do.

[@AshlinPAULVARGHESE]

India needs this too, too many government employees and nothing gets done. Most of state government money goes to paying salary.

[@ankitverma995]

We already short of government employees so we have to work on effectiveness not cutting the job

[@madgoessad]

Not excess staff, understaffed! But, even that don’t work. And, they take out lion’s share of revenue of the govt!! Need to reform salary structure! Not only govt but also private sector pyramid!

[@AshlinPAULVARGHESE]

@@ankitverma995 give contract to 3rd third party company, they will be more effective and provide jobs to people.

[@hemantkumarbhoi2903]

The Indian government is understaffed. One government employee is working where 2 or 3 people are needed.

[@AshlinPAULVARGHESE]

@@hemantkumarbhoi2903 give excess work to 3rd party, they will finish faster than government employees. Added bonus is provides employment to hardworking people.

[@theprofessional155]

This is great news for Libertarians. Milei is the first Libertarian to be elected to a large nation and his policies have been great. Cutting the government and lowering taxes will always bring an economic boom. When you get the government out of the way business thrives. Indians should also cut the government. it has become too large with too much bureaucrats. Milei also reduced the age to buy a firearm to 18 a massive victory for gun rights. If you are old enough to serve in the army you should be able to buy a gun.

[@ESENECHRISTIAN]

Nd also d 1st jew

[@tyler71717]

Unfortunately most people are economically ignorant and simply vote for whomever promises the most free stuff.

[@asifriyaaz9145]

What’s guns go to do with the economy… weird connection

[@navsofour2892]

There is no military service in Argentina for 18 yrs old, that was erased a long time ago after the Falklands war. So what does this have to do with guns? do you understand a lot of people in Argentina (like in Brasil or El Salvador, etc), especially young people are uneducated & live around violent gethos and use crime as a way of life so actually increasing access to guns would be a very bad idea for the general population.

[@Taz-zg3mb]

Never thought I’d see you here Professional, I’m a big fan of yours

[@ZKhweziN]

South Africa is doing the EXACT OPPOSITE. Severely bloated cabinet, inefficient and overstaffed government. 60% of government money goes to salaries alone.

[@mlo5083]

And to BMW.

[@movementmathebula828]

Really now 😂😂😂?

[@defoemagana2305]

Did you vote??

[@Max_Power_]

Exactly the same as all previous years in Argentina.

[@peterfireflylund]

@@defoemagana2305I don’t think voting really matters in South Africa anymore.

[@DoraDeVault]

I'm happy for the people of argentina 😊 Let's see if the USA can Fully Reform too

[@MrBestard]

Elon is on it 😂

[@seymorefact4333]

Let's see if India can do it!

[@pokemonpro2507]

@@MrBestardlol Rahul Gandhi on it😂😂.

[@Pain-zd5uo]

​@@seymorefact4333 last time India had recession was during covid-19 pandemic. Thanks to China.

[@SurajGupta_3D]

US deep state is too strong and corrupt any president who would even try to pitch reform will get JFK treatment

[@notarmchairhistorian7779]

"They say it's crazy until it works!"

[@chriskeller3705]

American here. Good job Argentina and good job Javier!

[@juanvia8394]

I am a retired argentinian. The real value of poverty was 55%, not 40%. Milei started by telling the truth. My purchase power is growing fast monthly. Mileinomics works!

[@PS3Hernan]

The poverty down to 38%

[@aaronburdon221]

I hope Trump fulfills his promise of Mileinomics here in America because it's been a rough 4 years. The U.S. government needs to be about 1/3 it's current size and it needs to pull our troops back from overseas and put them on our borders because we're not the f-in world police. A strong military is awesome, but it should protect American citizens and our allies if they're attacked.

[@calysagora3615]

@@aaronburdon221 t needs to be 0% of it's current size. We don't need any of it.

[@icedriver2207]

He didn't push them into poverty. It was already happening. It would probably be worse if he had not shown up.

[@navsofour2892]

Exactly right, latest figures show it is actually down by a bit.

[@Revoltadoize]

Agreed

[@MrGercela64]

38% in 2022 49% poverrty in 2024 according to BBViscaya and WB

[@MrBUCKET-gt5og]

​@@MrGercela64 wait till another 5 years

[@roberthudson3386]

That's untrue. Argentina entered recession under him.

[@AnonymousAnonymous-dc3jm]

I did explain the same thing before, cutting the excess budget will fix the economy and it is going to be painful in the beginning, but within a few years Argentina is going back again to be a good economy.

[@nikhil.k3]

Great news. Well Done Argentina. Happy for the people of Argentina. Bravo President of Argentina

[@MrGercela64]

What you too did not hear the video till the end and you started posting like a hearded sheep.

[@pastryshack551]

What about the people who have lost their jobs

[@bhuddy1832]

It's BS, and Argentina is bankrupt. But, yeah, heckuva job, right?

[@Kapuzki]

​@@pastryshack551 for the first time a long, long while, that people can find new jobs (prefearably outside of the public sector) since economy is growing.

[@silcar2300]

​@pastryshack551 most of them were there doing nothing, or put there by politician friends. Others don t but they will have the chance to try privately, there will be loans.

[@lisachira8665]

Kenya 🇰🇪 needs this too we spend 3/4 of income on government salaries and 1/4 in loans

[@Zyzyx442]

Milei is a hero of the modern world, Scion of Friedman, Slayer of corruption.

[@shyviking]

And changer of opinions about China 😂 Not so "anti communist" after all, when uncle Xi came by with a big bag of money.

[@notarmchairhistorian7779]

Who could have thought less government was the answer to too much government?

[@oyeguru2399]

Great News ... Go for more higher goals Argentina ... Love and Respect from India

[@nm93932]

I'm not surprised, he is an Economist after all. I was expecting him to make changes that would eventually help the economy both in the short and long term. Economist and business people when in politics make decisions that might anger the civilians because they only think of the short term benefits and are not able to see the long term goals. Everyone was speaking bad about him cutting on this and that, but he did what he had to do, Argentina was under austerity measures. He inherited a country with a horrible economy. Much respect to him and what he has accomplished 🙏.

[@geogmz8277]

He was extremely clear and set expectations right from the get go! He promised hard times before good times could come... And that's why Argentinian are with him. He was honest! Something rare these days but practically never heard in the hemisphere.

[@patrickgz]

he was highly critical of Beijing during the electoral campaign but that changed recently. atleast he lied for betterment of argentina

[@pm1660]

He explained for YEARS as panelist in different shows his ideas and people understood. We KNEW it was going to be hard because after all, SOMEONE has to pay for the party of 20 of socialism but we know what is the reward.

[@romerojohnny4040]

I fully support Make Argentina great Again !! Congret President Milei. the whole World is eyes on you as Modern day a hero and Librator of the Country. Viva Argentina !!

[@gaudier82]

Poverty has fallen from 53% to 38.9% today. Salaries under the collective agreement have risen from 300 dollars to 1000 dollars. Workers love President Milei.

[@Kapuzki]

I'm Argentinian and some of this information is incomplete. Poverty was through the roof during the previous administration, but the way in which the numbers were taken made it look like it was less. For example, anyone on wellfare was counted as "employed", and anyone receibing gobernment aid counted that against their income so as not to be "poor". One of the first things Milei did after being sworn in was making those numbers more honest. And very recent numbers indicate poverty is already lower than what it was during the previous administration, even when measuring it way more harshly. And this was done in less than a year. Without handouts, or subsidies, or price controls on food, services, or utilities... And without the political backing needed to instate the further reforms he wants. The people SEE this. I, for one, think there's little to no possibility that he doesn't win in the midterms by a landslide

[@AlOfNorway]

You could sense it from his energy, that he indeed, will get the job done.

[@paragkale1159]

South American news is under-reported in this channel so I welcomed the coverage. Argentina has been facing severe financial problems for so many years. I am happy that President Milei is fulfilling his promises. It is noteworthy that his country has attained a plus 3% growth, while during the same period the old economic powerhouses-Germany and France-have shown decline or negligible growth.

[@tunintunin3417]

I hope Milenomics comes to my corner in the world.

[@Gus-h1y]

Milei is returning power to the people

[@bvssrsguntur6338]

Modi has been trying from 10 years and cannot get rid of corrupted or ineffective central govt employees.

[@deepkadamba7083]

Modi has been Successful in creating a Socialist Semi-Dictatorship similar to the Indira Gandhi Regime. Even if the Bharat Economy will suffer the BJP hold on Bharat will remain for decades to come.

[@adr2567]

Modi hasn't tried to do anything, he's just talked about stuff and not done jack

[@panyaboonc5621]

How can a man himself is more corrupted than others can help the country to get rid of corruption?

[@utkarshg.bharti9714]

@@adr2567 Because you can't do jack in the Indian system with a PM who is so weak and exposed. US and Argentina's presidential system gives their leaders way more power.

[@adr2567]

@@utkarshg.bharti9714 Please, don't make excuses, he's been in powder for 12 years and he's had more power than any PM apart from maybe Nehru! He was ambitious and he failed even at the basics.

[@juanmata2837]

Everyone saying “we’re not Argentina and it can’t work here” the establishment in Argentina also said things like that. Fixing de-rooted and complicated issues will never be easy or pain free. It takes decades and decades of mismanagement to get to the point Argentina and America are in. It will take tough decisions and will power to make the decisions needed, and to sustain them till progress can be made. Bravo to Argentina! I wish them all the best!

[@DonellaAllicock]

i'm happy for the Argentines

[@Shashank_Sharma99]

Good for Argentina, I hope they reclaim the Falkland Islands belonging to them from UK colonial rule.

[@ninersnation3298]

you bow to the old w ht boy club..

[@carlomazzi4345]

VIVA LA LIBERTAD!🦁

[@schloops8473]

the Flaklands don't want to leave the UK so cut your pro-dictatorship propaganda, fake indian

[@peterfireflylund]

Reclaim?! It was never part of the country of Argentina. It was briefly part of something called Argentina but that was a different (and much bigger) entity during the Spanish empire.

[@navsofour2892]

That would only happen by negotiation and international political alignment, but yes if Argentina stays on the path in 20-30 yrs who knows, maybe, or just outright buy them there is only 1,000 native (colonial) families living there and a delegation of the british navy that costs the UK a fortune to maintain.

[@Analog_nomad01]

Cutting funding to these out of control governments is critical to freedom world wide. Australia, Canada, England and others could take a hint from this kind of action as it could save them as well. You cannot spend your way out of a recession!

[@MrDarknesstolight]

New Zealand needs someone like him

[@adr2567]

We badly need this in India also, the government needs to exit all public sectors apart from health and education.

[@holdmybeer123]

I believe the job of the central government is only to maintain national defense, maintain Court system, establish national standards for industry, manage conflicts between the states and protect individual rights from state overreach. India should rewrite its constitution and downsize the role of the central government and scrap the "Concurrent list". This is the radical reform we need.

[@ernestohuerta5638]

This guy has done so much with just 7 senators of his own and the entire political system against him. Poverty was in fact 50 percent when he enter the government, it was simply not reported correctly by the previous administration that forced prices to stay low at the cost of destroying industries and pushing the imminent hyperinflation Milei managed to destroy just in time. The cost was dearly but there was nothing else to do. Argentina was heading for the abyss and the only thing that could stop us was to grow wings and learn to fly... amazingly this is happening and prices are going down finally (slowly but steadily) and also is poverty. If he would have been helped by the political system he could have achieve this in less than 6 months, but he also exposed all the corrupt polititians that will surely end up leaving parlament on 2025 elections. Argentinians have grown away from the left and are willing to embrace the ideas of freedom once more.

[@d.romero3014]

It is not true. Not the entire opposition political spectrum is against him. He has allies in other parties. The only ones who are against him are the Peronists who are responsible for the Argentine debacle that Milei is trying to solve.

[@albertoizquierdo7896]

1. Cuando Milei asumio, la inflacion era del 25% mensual, no del 13%. Ahora es del 2.4% mensual. La inflacion mayorista era del 50% mensual, ahora es menos del 2% mensual. 2. La pobreza se ha reducido ya en el tercer trimestre, el GDP ha crecido un espectacular 4.6% en ese trimestre y la actividad economica ya es superior a la de hace 12 meses. 3. El credito al sector privado y la inversion se han disparado. Etc. Lo que ha hecho Milei parece un milagro.

[@Frank22164]

Yes and you are just at the start of this miracle. Stay with him and all of you will be richer than us in the United States, show the rest of the world what Argentina can do!

[@maggie8586]

This needs to happen in Canada.

[@kamaljeetsingh1467]

You needed a guy like him to turn around the economic mess which Argentina was going through!!

[@dimkovskigoce]

Milei best president in the world

[@silentdriver666]

Milei needs foreign investments, US dollars, REAL jobs.. He seems to be on the right track.

[@navsofour2892]

There is a lot of industrial national goods & energy, the production matrix of Argentina is quite interesting and could become quite powerful in a decade or two, ie. like Italy or France. He needs to cut taxes to improve productivity and fight the industrialists who used to live with currency devaluation by forcing competition opening the market to imported goods at some level.

[@larryc1616]

Brics, Mexico and China

[@ernestohuerta5638]

Best argentinian president ever! Long live Freedom!

[@DeathBySnuuuSnuuu]

Made Argentina Great Again

[@Who-lg9my]

modern western financial obsession with gdp is blind siding hurt and pain suffered by many families

[@ndongmojoseph238]

Melei is the definition of my 600lbs life to 150lbs in under a year😂😂😂...argentines will suffer short to medium term but the bigger picture is there...what hes done is nothing less than extraordinary

[@fede77]

Milei is saving Argentina!! Poverty went down from 54% to 38% now and still dropping. I was about to move abroad last year, but now everything has changed thanks to him... can't wait for what's next!!

[@marcv2648]

Start a new business. Become an entrepreneur. Start selling something. Try different things. This is the ground floor right now, and the elevator is going to go up fast.

[@jfrancis78]

She got it wrong...poverty was 54% a year ago and dropped to 46% thanks to Milei

[@sergioaguilera1993]

39% now...

[@jfrancis78]

@sergioaguilera1993 Yes, I found out about it after I posted my comment. Amazing!

[@KingXKok]

Source?

[@sergioaguilera1993]

@@KingXKok news from argentina, indec, catholic university.

[@roberthudson3386]

@@KingXKok There is no source, this channel is pro-business ideologues making stuff up.....

[@CuriousEngineer]

India must engage with Argentina more for trade and condemn the illegal occupation of british in Falkland islands

[@willgerona9523]

The Usa is heavily leveraged. It cannot do the same thing. Also, when the US sneezes the world catches cold. What the US needs is to reduce corporate greed.

[@jasonlee5953]

The world needs to rely less on the US. Thats all

[@patthonsirilim5739]

No it is not average g7 128% usa stand at 123% its a bit higher then ideal but economist all agree that perfect gdp to debt for advance economy hover around 60% current us deficit in 2024 is 1.83 trillion dollars with a total revanue of 4.92T total us goverment spending in 2024 is 6.75T if doge could cut 1.83t in goverment spedning and us economy continue to grow at the current 3% and with future tax revanue continue to grow at similar rate we are talking less then 15 years to cut us debt to gdp in half by not doing a god damn thing except for cuting 1.83t in spending not even paying down the debt by a single dollar but by growing out of it and yes this is somthing you can actully do most top 500 comapny have maintain 20-40% debt to market cap for a healthy leverage but with the reduction in debt burden in Interest and tax incentive for coperation the us might even see 5-6% growth that means getting the debt to gdp to 60% will be less then 6-8 years under ideal circumstance so if trump and first time jd vance plays it right they might actully reset the us economy in under 2 presidential terms but lets assume they do it in 3 terms 1 of trump and 2 of vance if they stay the course this will be historic.

[@pokemonpro2507]

What about India it won’t happen because they have dumb leaders like Rahui Ganda don’t paint the world as black and white.

[@andrewlangley9507]

Corporate greed? You have no idea what you’re talking about. Every person who has a pension benefits. If you have any stock, you benefit. If you make use of any modern consumer product, you benefit. Capitalism has brought a standard of living unmatched by any other economic system ever devised. To think otherwise is myopic.

[@pokemonpro2507]

@@jasonlee5953 the world need to rely less on China and India that’s all.

[@magaman5010]

Milei is the Trump of South America!!!!

[@eddiemonesti5671]

Milei is way smarter than Trump.

[@Hey_puppets]

Trump is old hag

[@holdmybeer123]

Milei is what Trump needs to be but will never be.

[@freddygalis1497]

No he isn't. Milei wants freedom: freedom to trade, more freedom for people (less taxes) and less state. Trump still wants to exert control over trade.

[@AzathothianBrew]

@@freddygalis1497 Is that why he sold out to Wall Street and is backed by the corporate capitalism of the US and Zionist Israel?

[@Master_Potaterchief]

I am from Argentina. When Milei assumed the presidency, inflation was 8% WEEKLY. If you had money in your pocket you had to run and spend it because everything increased price very quickly. Milei made a gigantic cut from the state the first month (15% of GDP was cut), the anti-inflationary shock was so abrupt that there are things like food that are cheaper today than last year (chicken, sugar, flour, milk, etc. )´.

[@WalkOverHotCoal]

Imagine India is cutting down on its bureaucracy !! Austerity measures spread all over Europe, especially Greece during the GFC (Global Financial Crisis). Greek people suffered the same way as described by that young lady. Being frugal is good, but if the knife cuts too deeply, it will cut into the blood vessels, and the country would bleed to death. So a chainsaw is probably a bit too extreme.

[@freddygalis1497]

There are no "blood vessels" in goverment. The body of a country is the public people the private sector. Compare state to a parasyte.

[@paultom8905]

Then BJP will not be in power

[@marcv2648]

You've already been proven wrong.

[@pablofmc]

Argentine here, i love the term "mileinomics"

[@you-to-beornot-to-be9629]

ITS NOT JUST ARGENTINA AND THE US... ITS COUNTRIES ALL OVER THE WORLD....

[@shivendrasingh4631]

I would highly recommend his podcast with Lex Friedman

[@SantiagoEspaillat]

Argentina es un León liberador

[@sebastianarrua4807]

2 days after releasing this video poverty dropped to 38%. Viva La libertad carajo

[@ViksterG]

Its simple economics of supply and demand and balancing your budget. Most government fails this because the elected representative spends like there's no tomorrow because its not their money.

[@delongbear]

Thanks!

[@BrasilBall-b8]

Nice Hermanos We need this Guy here 🇧🇷💖🇦🇷

[@LaraBlejmar]

I am Argentinian, and it is so interesting how Milei is changing the Argentina situation. I hope Argentina can get out of all its problems.

[@nehulbhakta1542]

Can't compete USA vs. Argentina in turm of economy ,hegemony, American power & infuses in the world.

[@MyLateralThawts]

There are probably quite a few who would prefer the Venezuelan, Cuban or even the Haitian model of prosperity that Argentina was heading towards prior to Milei.

[@afro-entertainment1872]

The Argentinian president is not the first to do this, the late president of Tanzania did that, and the presidents of the AES region of Africa have been doing the same thing or does it because a thing only when its done by someone with a European descendants?

[@Atomarxculo24]

QUE TIENE QUE VER LA RAZA EN TODO ESTO?? MADURA Y DEJA DE VIVIR COMO VICTIMA!! MILEI ES UNICO!!

[@adrianlouw2499]

Milei was "written off" by the mainstream media LOL not the people who voted him into office😂

[@is-haqal-sabiriy2528]

I actually thought it would fail because he said he wouldn't trade with Russia and China. He made a u turn and successfully manged to leap out recession..Few more months to see

[@freddygalis1497]

He said the state wouldn't make any deals with those countries. The private sector is free to trade with whomever it wants.

[@frankfleming1103]

The Chinese call him Saint Milei, because he would rather Argentines do not eat beef to sell beef to China, and sold at a lower price than before and Brazil, the Chinese can eat cheap beef is all because of Milley

[@theescapetrix]

The man knows what he's doing. 💪💪

[@romerojohnny4040]

The president Milei is my Model and We should Copy ths technics and styles doing same here in USA. We as American Taxes Payers are always Victims and Suckers for the World's problems. The Argentina come first moto and President Milei is doing just that to save his country and his people from starving. Every Country in the world should copy this methods and styles to save own country.

[@calipdis2]

now he needs to solve poverty of half of argentinians while maintaining a minimum government expenditure, how will he do that?

[@peterp7541]

you answered your question in your statement....by lowering government expenditure you reduce poverty.....because lowering government expenditure equals lower taxes which equals higher investment/wealth/job creation by the private sector...the only sector that generates wealth and reduces poverty.

[@calipdis2]

@peterp7541 poverty rose from 40% to 53% since these measures were implemented, sure it will not be inmediate but I still wonder how will he do that

[@peterp7541]

@@calipdis2 your date is out of date, it was announced last week that the poverty rate fell back to 39%...with the stabilization of the currency, lower inflation and increase of purchasing power through wage increases exceeding the inflation rate. So poverty is now already lower than when Milei took office, and the trend is that poverty will continue to fall....

[@porkbelly100-k7g]

Glad Argentina is out of recession. Now, comes the big test - high employment with decent salaries.

[@sarakeshsaru8076]

You also forgot to mention that he pushes for DOLLARISATION while many countries try to run away from dollars

[@PratikMukerjee]

milei bukele will lead a generation of leaders who will change latin america

[@Bored1962]

We’re not Argentina. You could fire 1 million federal employees making 100k a year and that would save 100 billion. Our deficit last year was 1.8 trillion. We spend almost 2/3 of our budget on social security, Medicare, defense, veterans and interest. So unless we go after those forget it. And republicans won’t.

[@Cornelius-rq1xp]

What did your useless Democrats do?

[@martinhiguera9031]

Democrats won’t either. So we are in a pickle.😂

[@katrinagarrett9612]

The "defense" budget is out of control and the rich don't need tax cuts.

[@baronbrummbar8691]

@@katrinagarrett9612 well the rich pay most of the taxes so if ther are tax cuts they will get a bigger chunck also the us has way higher taxes on the rich then other countrys in comparison .. like lets look at germany 15% coperation tax (the us has 21% after super tax cuts by trump (is used to be 35%) 25% capital gains tax (same as in the US) .... germany gets it money from 3 sources 1. sales tax (19%) .... in the us depending on staat 0 2. income tax (caps out at 42% and you already pay double digits on minimum wage) .... the US caps at 39% while half the country pays 0% (in both nations only employees pay it) 3. a flat defacto income social tax of 20% (which caps out at high wages and doesn´t tax capital gains) ...

[@d.romero3014]

The same was said here in Argentina. You can't cut social assistance (but it can be rationalized). You can't audit universities (but you can). You can't cut discretionary remittances to the provinces (they were reduced by 98%). You can't lower taxes (next year 90% will be removed). And health was not touched, and the defense budget was increased (well, the latter was not very difficult because it was minuscule).

[@raykarena4595]

Hopefully this trend will continue well done el capatan...

[@cameronf3343]

👏🏼👏🏼👏🏼👏🏼 congrats to all of this y’all!

[@MileiArmy]

The initial poverty rose higher, 49 to 54, from previous admin. Poverty level has dropped to 37%, almost a 20% drop in just one year. #MileiArmy

[@shauryabansal2383]

A democratic leader showing that real change can happen without curbing people’s rights!!!!

[@emilianolaprida6151]

I live in Argentina, the inflation has been going down since Milei took office a year ago. The situation is not perfect but it's definetely a huge improvement.

[@MemoryKasu]

Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.

[@GersderaNioer]

Choose quality stocks and follow them up. If you're not one for such complexities, work with an Advisor to grow your portfolio. You can't go wrong with a sound CFA.

[@noahbeaufort]

You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we Dollar cost averaging across other prospective sectors instead of a lump sum purchase. Following this, my portfolio grew by more than 40% in the 2nd quarter.

[@RicardaWindsheimer]

I'm intrigued by this. I've searched for portfolio managers online but it's kind of hard to get in touch with one. Okay if I ask you for a suggestion?

[@noahbeaufort]

I've stuck with jessica dawn walters for about 9 months now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@francisjohnson-z5x]

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@linedion6398]

This guy is brilliant and a brillant economist and has good morals.. we need a man like this in Canada and hope we get it with next election with Mr. POLIEVRE, who is also an economist ..instead of our WEF puppet and failed theatre teacher

[@HimSha07]

Good job man

[@mrsm482]

Love this dude's mind! ❤

[@isaacboamah5305]

Ghana newly elected president should follow Melei of Argentina financial policies.

[@maximilianoruiz8985]

We are very happy with Milei, he is doing everything he promised, lowering taxes, lowering inflation, removing corrupt people from office.

[@SyihanMohd]

The amazing fact is argentina has always had a recession for every generation since 1950. 14 times in total. Hope this is the last one

[@Mauro_G_P]

Right now, poverty is 38% in the third quarter.

[@Spazticmonkey1000]

People can not expect the government to come fill in for where church and family need to fill in, if we convince ourselves the government can play daddy or care taker where does that logic end? Whynot justify it to do other things as well? And then you end up right back in the situation you originally were trying to escape from with economics that Meili is offering, it’s a very sad constant cycle

[@jodyjustice7571]

Proverbs 29:2, which states: "When the righteous are in authority, the people rejoice; but when the wicked rule, the people mourn." Thank God for this righteous leader, prayers for more like him in all the world.

[@d.romero3014]

Whoever wrote that must have suffered a cerebral embolism after thinking such a truism.

[@rhscubadiver4379]

Well done.

[@pablofmc]

4:00 poverty didnt rise, the index was rigged. The previous government had a program called "precios cuidados" (protected prices) that had some basic goods like rice on a fixed price and that stock was cleared out really quickly so very few people got them at that price. Once milei got rid of Protected Prices, we started measuring the purchase power with the prices people had always been paying for. I love milei's plan and his execution, but we are far from ok, there's still a lot to be done

[@Javier77040]

Milei was so successful that make it down extreme poverty from 20,2 % to 8,6% and the poverty rate go down from 54,8 % to 38,9 %. Also get a GDP grown of 4.9 % in just one trimester, leaving recession behind at half year, with surplus whole year. And this only in one year of being president, if things keep going like this Argentina will be growing 17% annually as minimum 🇦🇷

[@johnfrancis4401]

Good for Argentina and Milei.

[@suds8235]

even after the facts, palki is still posting this as a question so bitter that they were doubting him from the start

[@WilliamsThomas-d3m]

Go Javier ! It's just common sense. Spend wisely or not at all.

[@MathewPot]

why no coverage for Atul Subhash's case first post ?? its a shame !!

[@Worldpeace197]

If people don’t support him then they will go back to high inflation and recession. Then Palki will be happy. It takes time to correct the catastrophic mistakes of past. The ship of democracy takes time to adjust and change course.

[@DBCKINGS]

Also good for China, Germany, France, the Netherlands and the rest of the northern hemisphere

[@kaioser]

He turned it around

[@Peridot5035]

We need that kind of Leader

[@maxcloutier5285]

Not sure if Argentina is out of a recession but according to another video from an argentinian, they are now out of despair. Some hope come back for the futur.

[@bruceinsley3247]

The dude is awesome!!!

[@ginger55555]

Great !!!

[@MrGercela64]

The economy is about distribution of goods and consumption. Altough related, the inflation is other concern. Reducing inflation is a good sign but, does not necesarily mean the economy has improved ... Poverty rates, growth, unemployment, debt, finances, housing, food access, healt care, ... etc. 1 year is not enough to see real results, and I hope Milei could do more and not brag yet.

[@Javier77040]

I can address all that you say because latest data was released, inflation is 2.4 but the inflation of government induced is 2 monthly so real number are around 0.4 or less, poverty rates? Sure, poverty rate go down from 54 to 38 %, growth? Last trimester up to 4.9 of GDP grown, unemployment also go down, sorry i dont have the exact data but go down for sure, debts? Argentina country debts was reduced on 20 billions, now Argentina is less indebted, finances? Sure, Argentina market is hitting historic highs, Argentina market sector rise almost 300% since Milei, Argentine companies pass from value of 14 dollars to now 70 dollars values, rates of investment are on the numbers of 30% profit since Milei arrive, housing? Milei first action was take down laws of housing prices control and the whole sector recovery and prices of houses go down 40% and also the market get a lot of new offers which make more properties was available, food access? Sure, food was the main price to go down, meat was almost impossible to afford and now is the most cheap you can buy, even is more cheap than chicken and pork which is really unusual here, also inflation of food is the lower of all inflation rates, now with only 5 dollars you can buy a Christmas buy with many products, so poor can afford a good Christmas, also now the Christmas buys are exploding People is buying a lot and business are packed of people consuming. Health care? Yes, Milei relaase a law for health care system, which consists on foreign countries people who use our health system start to pay for services, not huge payments but a part and you know what? Hospitals are now more free and people can get health care services more fast and better treatment, also medicine is now more available. Foreigners who use our health care system from nearby countries pay and hospitals now have better cashflow. And yes all this was do it in just one year of Milei government and it's a part of many more things. Only one year

[@MrGercela64]

@@Javier77040 Argentina Inflation is 120% this year! not 2.4 % Poverty Rates went from 29 % in 2022 to 42% in 2024 first half, that is so bad for Argentina. Argentina GDP is going -3.9 % this year (negative growth) Bad! Only 1 quarter is better. See Statista and world bank websites, BBviscaya bank. But, Don't come with fake #. You wrote too much also.

[@texas4396]

This what happen when you get spending under control and also get unafraid to shut down certain government departments