Will Javier Milei save Argentina? | About That

Meet the man who wants to "make Argentina great again". Javier Milei is a TV star, former tantric sex coach and self-described anarcho-capitalist. He's also now the president of Argentina. Andrew Chang takes a closer look at the new leader and his plans to fix Argentina's crippling inflation.
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[@stevenhartlaub4557]

I’m definitely rooting for this guy. Argentina’s economy is on its deathbed and needs a radical intervention to save it.

[@razorblade413]

Ecuador is a latino country from south america and they change their currency for US dollar. And today, 20 years later of this implementation, Ecuador raised their base salary a 700%. That's mean a huge win. Also, developed country citizens need to understand that latinos politicians are not "good", they rob big money from the poor through inflation tax (printing money).

[@coup-de-grace]

@@razorblade413 I was born in Ecuador and my family that is still there calls the government a blatant kleptocracy. I visited Guayaquil in 2019 and I enjoyed it. It's crazy how bad things have gotten in such a short amount of time. I pray for the safety of everyone there.

[@razorblade413]

@@coup-de-grace obviously there is more than one factor. But also a simple concept: If you spend more than what you generate you are losing. The difference is that in latinos countries like mine, in Chile, prints money like crazy. And that plus with the higher taxes that don't translate in real help to citizens (because the money is lost in bureaucracy that could perfectly could be reduced), plus business companies escaping from the country (because of taxes and insecurity, and possible changes to the constitution) or foreign business companies not wanting to invest in that country, and plus other factors leads to the poverty that we are living today.

[@razorblade413]

@@coup-de-grace and at least, with dollar currency in Ecuador, is one less problem that is the inflation by printing money. Because politicians can't rob you anymore from that way. But it will still be affected by the printing from the US, but that's way better than local printing of a less valuable currency

[@Georgggg]

Not government intervention, but the opposite of that, what Milei suggests

[@JamesxKo]

Don't know why the media doesn't mention that his opponent was one of the people responsible for the state of their economy

[@scottywills124]

You should know why. Infact I think you do.

[@JamesxKo]

@scottywills124 couldn't be that they've lost all their integrity as journalists

[@alexiandria3677]

Because it is leftist corrupt cbc

[@freddykruger1086]

Because hes a nationalist that is standing up to the globalist bs..anyone standing to those guys gonna be treated thst way by all media owned by blackrock/vanguard x)

[@toptencentral4695]

Trudeau

[@yayaya6799]

No one mentions Milei has an economics degree and has written books on the subject. He has an almost impossible task ahead of him, but he will achieve the easy part - doing way better than his predecessors.

[@MrJeanpauloriopreto]

Trabalhou com isso inclusive

[@juliorodriguez7327]

He hardly got an academic title...

[@t-bonesteak1502]

I would give my honest opinion on what Trudeau has to Canada but I wouldn’t want my bank account to get frozen

[@stuart2006rats]

I feel for you guys. Here in Australia we are catching up to you. 😢 🇦🇺❤️🇨🇦

[@FarmingGoneWild]

What are you even talking about?

[@debaterforhim]

​@FarmingGoneWild there were truckers who spoke up , and their bank accounts were frozen.

[@ronnytotten9292]

​@@debaterforhimthey protested PEACEFULLY might I add and at the same time that BLM was protesting violently yet being praised.

[@jessebrook1688]

@@debaterforhim The protest fund's account was frozen. The accounts of the truckers (who made up a small portion of the overall protest, but a big portion of the non-stop horns) were not frozen, but rather the organizer's accounts were frozen. It's interesting to note that none of the organizers were themselves truckers, and that a great deal of the unrest among the protesters came from some organizers bringing their Alberta separatist demands to the table. Those funds could have kept everyone in Ottawa awake for 3 months more, if not more. It was astonishingly successful fundraising.

[@maxgnr]

Unfortunately, making a U-turn away from irresponsible spending and inflationary policies that have plagued us since forever meant accepting there might be step-backs in other areas. It is going to hurt everyone, but drastic measures are needed and he was the only candidate that explained his plan and goals, the others just begged for votes in exchange for nothing. Plus he's pro-West, the other party was pro-Putin, f that.

[@420Gold]

Sure the changes may hurt, but they won’t hurt nearly as bad as staying on the current track.

[@jmm1817]

Perfect point

[@StormcastMarine]

Good luck to you and your countrymen mate, I understand there were no good choices. I think you are 100% duckef though, there is no chance that things will get better.

[@timmackenzie8145]

Yeah it doesn’t look good for Argentina. Hopefully there are some “adults” in the room.

[@jmm1817]

@@StormcastMarine it's going to hurt it's going to take a while but this is the only way to get out of that mess

[@joaosousapinto3614]

Much better video than those from other news outlets, honestly. The condescending way in which he is treated elsewhere is quite shocking, and revealing of how far from neutral news outlets are. Good job.

[@danheuser5148]

Journalism shouldn't be neutral though. It should be objective. Neutrality would mean that they'd need to present flat earth as something to be taken seriously.

[@wouldnt_you_like_to_know]

False equivalence.

[@pittraider1221]

​@@danheuser5148Nothing wrong that. Perhaps if they were taken seriously and were seriously disproven there may be less of them.

[@joaosousapinto3614]

@@danheuser5148 It doesn't have to be neutral, certainly. But being objective while not being neutral is perhaps not common. What upsets me is when folks pretend they are neutral when they aren't.

[@MangoldProject]

Israeli here, rooting for Mr. Milei's common sense and for Argentina's future.

[@PPPP-zy5ox]

Could you also explain please how Canada came to a point where one US dollar is now costs 1.4 Canadian?

[@robertsmith4681]

Currency devaluation occurs thru government overspending and printing of currency to cover those debts. Money and currency are not the same thing.

[@ericmini2269]

anytime you vote liberals, especially liberals of today who area actually socialist not true liberals of old. Just like democrats in the US are socialist not democrats of old. Look at our dollar, we were par and sometime over par against the US when Harper was in power. Soon as Trudeau was elected our dollar started to free fall.

[@momsworld5024]

Massive inflation. Seems to be the trend with socialists.

[@plonk7]

@@robertsmith4681 You fail to mention interest rates, the price of oil and other factors. Canadian debt to GDP is by far the best of the G7. One of the pressures on the Canadian central bank to raise interest rates is to keep close to the US central bank interest rate, in order to avoid too much devaluation of the CDN $. Of course a devalued CDN $ makes exports to US cheaper, which helps many sectors of the Canadian economy. But it increases price of imports which can be inflationary to the Canadian economy. It's complicated but it is NOT "government overspending".

[@robertsmith4681]

@@plonk7 Debt to GDP is not a serious "metric" since it includes government spending in that number. There are basically no relevant "other factor" beyond government spending. Believing the "Debt to GDP" nonsense, is how we got to where we are and ultimately overspending forced the bank's hand in raising rates, otherwise treasury bonds simply will not sell, and the debt becomes toxic.

[@kyleor7]

Javier Milei would abolish the CBC I would vote for him in a second here.

[@absolootely2571]

When a country cancels it's own sovereign currency & adopts the U$D international business brings in investment for products that are export profitable thus fleecing the country. Meanwhile the local economy crashes as they now have the U$D making everything hugely expensive & won't take long before the people travel to Uruguay & Brazil to buy everything since food electronics cars PCs etc will be at least half the price over the border.

[@kyleor7]

You're right they should keep the Argentinian peso lol

[@razorblade413]

@@absolootely2571 Ecuador is a latino country from south america and they change their currency for US dollar. And today, 20 years later of this implementation, Ecuador raised their base salary a 700%. That's mean a huge win. Also, developed country citizens need to understand that latinos politicians are not "good", they rob big money from the poor through inflation tax (printing money).

[@razorblade413]

@@kyleor7 No. He is not right. The main reason is because latinos politician are not honest, they really steal big money from taxes.

[@absolootely2571]

Argentina entire export income is from agriculture e.g corn soybean & wheat. Selling it for U$D will be a disaster. International corporations will swoop in & take away the business from the locals.

[@meatservo3783]

Can he be our Prime Minister too ?

[@meatservo3783]

Your dollar is no safer here or anywhere else. Get gold and silver and food. And stay frosty.

[@ToudaHell]

Finally someone speaking sense.

[@grndiesel]

Argentina is what eventually becomes of all attempts to create a socialist utopia. Now, the world watches with baited breath to see what happens when someone pulls the power cord to begin a hard reboot. If I were Argentinian, I absolutely would have voted for him!

[@matiasdevaglia4541]

Argentina has never been "socialist" and it has gone through all kinds of economical models, including liberalism, with all of them failing sooner or later. What Milei brings as new has already been done before, with devastating results.

[@grndiesel]

@@matiasdevaglia4541 What's the alternative?

[@MrJeanpauloriopreto]

​@@matiasdevaglia4541ele traz um modelo libertário, é mais liberal que o modelo liberal, argentina não tentou ele ainda

[@LiamSuarez]

​@@matiasdevaglia4541No maestro, no hubo nada igual. Parecido con Menem sí. Y si hubo una rama del socialismo en argentina, el populismo, el cual deriva del mismo. Termo

[@LiamSuarez]

Yes, the big problem in my country (Argentina) is that a los of people have been indoctrinated to vote the last political party. So getting to stand against the populist model that has been imposed in our land for almost 50 years is really hard. I agree with mostly everything Milei says (except socially where he is more conservative) so hope this goes well for us and it's a change for the better with no more leftists in our country

[@smity25ca]

He’s studied Ludwig von Mises and Murray Rothbard so he knows how economics actually works 😉

[@AtillatheFun]

Not at all. That’s one school of thought that isn’t very mainstream for a reason. Libertarian economics are just cringe, just like libertarians.

[@420Gold]

Human action, and man economy and state are brilliant works (along with other works of theirs). Sure, you may be able to argue against small aspects of their theories, but on the whole the are extremely logical.

[@lornemyers6638]

​@AtillatheFun I think Argentina don't care what you think. Your daddy government attitude has gotten this country where they are today. Stop with socialism fixes everything bs. You are from the entitled generation, free everything for everyone has gotten Cnada Canada where we are today.

[@meh4770]

Oh my goodness, if he doesn’t believe in MMT he must be CRAZYYY!!

[@rafaelflores448]

Also, dont forget about people like bohm bawerk, kayek and hoppe.

[@diegoyuiop]

Finally an objective video on Milei, instead of what most media outlet have been saying

[@psalmsreader7997]

What an opportunity for those in the tourism industry to bring in travelers from North America looking to economise.

[@quantumhelium]

Economize on what? Getting robbed and eating K rations ?

[@LautaroTessi]

And Argentina is a huge and incredibly beautiful country to visit.

[@LordSesshaku]

The situation is so bizarre, that currently, you can't. Because the goverment FORCES you to convert all dollars income into pesos at the "official" exchange rate which is 1/3 of the real one. In other words, you can't even work as a freelance in dollars without the peronist party finding a way to rob you.

[@quantumhelium]

Pffft... Go to Florida. Much nicer@@LautaroTessi

[@LautaroTessi]

@@quantumhelium but we were talking about a cheap and beautiful option. Besides, Argentina tourism can be visiting the most European-like city in Americas, arid mountains, forest mountains, waterfalls, ski centers, huge rivers, mountain rivers... Not to mention the people.

[@jmcb3411]

Benjamin commented on the endlessly overspending and printing money, and I thought he was talking about Canada.

[@plonk7]

That's because you seem to be misinformed. Google "Government net debt of G7 countries as share of GDP from 2010 to 2023, by country". Canada is by far the best of the G7, by a country mile. Not only that but it is significantly less than the Harper years. Lots of ways to criticize Trudeau, but govt debt to GDP is not one of them.

[@johnnygoodman2003]

So your ignorance is shown in front of you but you still comment lies about how bad the Canadian economy is.

[@plonk7]

@@johnnygoodman2003 Sorry, mate, I don't understand what you mean. What ignorance is shown in front of me? And what lies am I telling? I just linked to stats. Do you think the stats are lies?

[@TinaAM333]

Just another example of how disastrous the ideology and implementation of Progressive Socialism truly is on a country. This as we know is the very ideology the current Liberal , NDP Green and Bloc and unfortunately some Conservatives worship and are totally beholden too. They will never admit that Socialism is a disaster the world over , and we as Canadians are starting to see the effects of overspending printing money, bloated government agencies that literally do nothing for the regular folks - mostly holding meetings and sending emails - pretend work…. Except real tax dollars used; for the average Canadian.. It means nothing, and if it was gone tomorrow, it would have no effect on our lives - I wish the new president all the best. He has quite a job ahead of him. Good report I would like to see you actually do one on how progressive Socialism has destroyed the Argentina economy.. not about whether or not this guy is scary- lol- the country is on the brink of collapse because of progressive socialists - - I’m sure the Argentinian socialists deeply care about the people to. Most of the ideology is based on feelings, not fact- It’s just that the ideology is disaster in the real world. It only sounds nice on paper that’s it. It’s a wake up call for Canadians.

[@plonk7]

Where does this "overspending printing money" rhetoric come from? There is no basis in fact. Google "Government net debt of G7 countries as share of GDP from 2010 to 2023, by country". Canada is by far the best of the G7 and is better than the Harper years. I'm no worshipper of Trudeau and I hate govt waste like any sane individual. But the rhetoric of "overspending printing money" is just plain wrong. Plus govt debt is vital to the functioning of the capitalist economies, as they are currently structured. Remove all govt debt and the economy collapses entirely. Too much debt and you get hyper-inflation and currency collapse. But some debt, as Canada currently has, is absolutely necessary.

[@TinaAM333]

@@plonk7 “removing all government debt will collapse the economy “ it’s never a good thing to pay off your mortgage or car or credit cards- phone bills, insurance bills, even on a personal level when you’re in that personal debt you know the weight and stress it brings, and the lack of freedom of choices that you have. A government is no different. The federal government added to our debt the largest amount of spending of any Canadian government combined in our history. Think of what I just said they have spent more money than all other combined governments in our history, . This is why our interest rates are so high that is why the cost-of-living is so high in Canada. This is why people can’t afford to get a mortgage - this is why 2 million people are at the food banks a month. This is why there is so much homelessness - progressive Socialism does not work. It’s a disaster - I completely disagree with what you say - I respect your right to say it. take care.

[@plonk7]

​@@TinaAM333 A federal government is completely different to a private household. Govt debt is utterly vital for the economy to function. Private debt is not vital for a household to function. The critical measure as to the level of fed govt debt is the public debt to GDP ratio. That's what matters because it shows whether the govt can service the debt. Canada's pubic debt to GDP is excellent, the best of the G7 by far. Many people do not realise that private banks "print" money out of thin air whenever they create credit. The Bank of England (UK central bank) and the Bundesbank (Germany's central bank) agree this is the case. So the level of private debt is very important to the state of the economy and inflation. Private debt generated today brings future consumption into the present. A car you would have had to save for 6 years to buy you can instead by now on credit. This is, therefore, inflationary to prices as it increases present demand. Private banks, neoclassical economics and neoliberalism are at the heart of the cost of living crisis. The average person is getting screwed by large corporations and the owners of capital. "Trickle down economics" is a lie. The money never trickled down. That's why inequality gets worse every year. House prices are a Ponzi scheme and the only winners are the originators of the mortgage loans, that is mostly private banks. I have a degree in economics. I was taught the neoclassical bollocks, which all governments use as the economic theory to guide them. It is what has led us to this point. It's what gave us the 2008 great recession. Anyway, that's my humble opinion. I entirely respect your opinion, different though it may be. Best wishes.

[@fabiodeorbegoso9851]

Theres an old saying. " change happens when the pain of staying the same far outweighs the pain it would take to change"

[@sunrisevideo7687]

$1.37 CAD for $1 USD? I remember in 2013 when $1 CAD was equal to $1.05 USD! Budgets don’t balance themselves.

[@101qberty]

There's an old saying; "You can't fall off the floor". Meaning, if you're already doing your worst, it does not matter how you make progress, because the only way is up. I hope Argentinians the best of luck. He seem quite a bit odd, but maybe that is what the people need in order to make progress. 👍👍

[@patricktruelove464]

Another old saying, "There's always a basement." And this guy has a shovel.

[@Ramoreira86]

I just finnish this clip. This guy has my vote!!

[@EyreEver]

The US debt increased by 1 trillion in 90 days.

[@Ferchovicente]

LoL USA has the money printer 😂

[@agustinbs]

​@@FerchovicenteYes and printing money will destroy de us dollar

[@stevepierre3120]

​@@agustinbsLol...the debt is actually theirs, which means the sources are not from outside but their own citizens' money...different from Argentina it borrows from outside because the peso is weak compared to the dollar...lol.

[@Ferchovicente]

@@agustinbs 😂😂😂🤡 they have been doing this for decades and its economy its still strong

[@AYVYN]

🇮🇱

[@thesnowflakesaremelting1016]

We need more presidents like this guy, and less mainstream media BS like CBC, or no mainstream media period, that’s better.

[@danheuser5148]

So fringe lunatic media is what you're looking for? Do you also want to get rid of mainstream medicine and building codes? You know the mainstream media is going to hoist those up as the best option.

[@patrickking9600]

@@dogshiinyou don’t realize that’s his way of mocking government “advisors?”

[@poinmusicfrontpage9315]

Milei will make Argentina Great again!

[@couciao]

i want to see that... more poor pleople in the next 4 years for sure.

[@dylanc9174]

Wait for the results to come in.

[@ozzienba1186]

@@couciaoFor sure you don’t know nothing about economy, is normal, don’t worry 😉

[@MrEkzotic]

​@@couciao Why?

[@katanabluejay]

No offense, but when was Argentina great exactly?

[@nerina1741]

I just wish him the best, even if I don't agree with all of his ideas or Villarruel's ones, I just want my people to live well, we needed a change

[@yinghongtan]

Argentina is rich in its resources and educated people. By giving the economy its freedom, Argentina will thrive.

[@cl8804]

totally this one Dxracer

[@berniefleming2766]

I remember when Argentina was a country all Latin America wanted to emulate. I pray that he is able with the HELP OF GOD TO SUCCEED. GOD BLESS HIM.

[@michaelwhite7876]

Take everything the CBC says with a grain of salt.

[@goochigoochs3836]

Yeah, somehow while going through the video I'm waiting for something like "it's all Trump's fault" 😂

[@stevewoitas7217]

3:48,.....Exactly! When Central Banks don't devalue the currency by printing currency, monetary inflation is stopped. The free market will then value the currency.

[@billybobbob1288]

And this folks is where Canada is heading unless there is an uprising by the people.

[@RepublicOfWesternCanadaNOW]

💯 socialism is a disease

[@epictetus3406]

Unfortunately there is a lot of pain and suffering to come before canadians wake up. Decades of it.

[@razvan_anton]

I wish CBC were so astute when it came to Justin Trudeau instead of propping him up and bringing the whole country to inflation.

[@waterboy239]

If Thomas Cromwell spoke up against King Henry the 8th during his inflation. By making more silver coins by rubbing material off of them Cromwell would have been beheaded earlier

[@waterboy239]

Keep up the fight

[@XSamaritan]

That's nothing son!, Syrian Lira we used to pay 45 per dollar no we are paying 14500 Lira for a dollar. bye now

[@yinghongtan]

Your country has been in wars for many years. War destroys economy and causes hyper inflations.

[@rr-tv4763]

I think this man is a legend. He is what the world needs not just Argentina. He hopefully will lead to others doing similar things in nations such as my homeland the UK.

[@rr-tv4763]

@@Enoch9500bc 👍

[@juanlemus2675]

This is a hit piece if I ever saw one.

[@xaviers6983]

Housing affordability is better in Argentina than Canada. Which country truly needs saving?

[@johnnygoodman2003]

How? Housing affordability is comparing the wages earned in that country vs the cost of housing in the same country. Argentinens are less likely to own a home than Canadians.

[@xaviers6983]

@@johnnygoodman2003 Housing affordability includes the fact that rents are lower in Argentina.

[@abel8906]

@@xaviers6983 Rents might be lower, but 'round here most people make 120 dollars a month, that's the minimal wage.

[@angellestat2730]

that is because everyone is leaving due the economic crisis and everyone is trying to sell their houses over these last 8 years, mostly over the last 2 years, this mean prices are cheap because there is no demand by a huge offer and nobody as the money to buy a house anyway. Hopefully, that will change with Milei.

[@MrThejboe3oh5]

​@@xaviers6983Yes and you are trapped in Argentina..On your wages from Argentina, can you leave?Where can you go?Or do you have no choice but to stay?Doesnt sound like freedom to me.

[@violenthell]

Also Milei's party technically has slim margins in their "house" and "senate", but a coalition with Macri, Bullrich, and others can easily put him in place to make his moves

[@VIGirl60]

This is what happens when Govt doesn’t serve the people! People become desperate for change to the status quo and are willing to burn it to the ground 😮

[@toptencentral4695]

That’s what May end up happening to us

[@miguelmoreno6263]

In Argentina, the problem is that the government became over parternalistic and politicians too corrupted. People got fed up, and someone determined and with decent competences decided to peacefully run for office, inspired people, and succeeded. He will try to make drastic changes (without enough power in congress, so he will need to negotiate) to lift the country from the ashes as the phoenix bird. Let's wait and see. It will not be easy, but I'm cautiously optimistic.

[@Peoplesuck333]

Well done Argentina 👍👍 🇦🇷

[@pabloortegatorres7268]

More than adopting the USD as currency, he claims for a free competition of currencies, where people may adopt whichever they want (maybe USD, EUR or even cryptos). This, in his sayings, avoids the problem of being tied to the US monetary politics. He calls for "dollarization" because the USD is the currency he will use to liquidate the central bank

[@mariarigsby3056]

He spill the truth in his own way you like it or not, he won, give him a chance to fight

[@42kyalgomas]

I am an Argentinian living in Canada who traveled to Toronto to vote for his country last Sunday. You forgot to mention one small detail about the reasons why Milei won. I´m talking about his opponent. Sergio Massa, who ended 2nd, is the current finance minister. In other words, Milei disputed the presidency against the man responsible for our devastated economy today. I´d say this fact had something to do with the results... don´t you agree?

[@HxTurtle]

yes, his assessment about the state is spot on! it's only there to harass its citizens. and it commits legalized theft while subjecting them to slave work by mandating that a third (or so) of your time, you've to work for me, not you.

[@rblourenco]

What Andrew "got wrong" was the conversion rate vs the purchase power. Between CAD and USD, the purchasing power is as close to the conversion rate. However, in very devalued currencies, as an effect of globalization in local economies, you have actually price inflation. A way to get a measure of it is comparing a common good, let's say a BicMac. In Toronto, it costs CAD$ 6.19 while in Argentina, ARS$ 2750.00, with a "big mac" exchange rate of 444.26 ARS to 1 CAD. Today, however, the official exchange rate (without including the myriad of "dollar types" that Argentina has) is 260.72 ARS to 1 CAD. This shows the brutal reality of things, as each good, given differential relevance in markets, suffer differential pricing, because no one knows how much things are worth anymore (after years of skyrocketing inflation).

[@NeonAnimeDreams]

Probably, he's an AnCap/ libertarian, from my experience, these people are the smartest on economics so if there's anyone left in the world that can fix Argentina it'd be someone like that.

[@violenthell]

According to Argentina's National Institute of Statistics and Census, at the end of 2022, Argentines held over $246 billion in foreign bank accounts, safe deposit boxes, and mostly undeclared cash. The amount exceeds 50 percent of Argentina's GDP in current dollars for 2021 ($487 billion).

[@matias552]

Thats happen when the gobberment tries to pay your dolars at 30 percent of the real price. In Argentina exist 2 prices for dollars, gobberment price (350) and market price (real price: 940)

[@richardahola692]

Argentina has the highest taxes in the world and is near the worst for ease of doing business. Cutting red tape for empresarios and good economic policy that would invite investment would go a long way to increase jobs.

[@JackBauerDev]

This format of journalism is great

[@jc7906]

This is where Trudeau would take Canada if he remains in power long enough.

[@gabrielchong1322]

Well, what have Argentina & Argentines have to lose by giving him a chance?

[@razorblade413]

Ecuador is a latino country from south america and they change their currency for US dollar. And today, 20 years later of this implementation, Ecuador raised their base salary a 700%. That's mean a huge win. Also, developed country citizens need to understand that latinos politicians are not "good", they rob big money from the poor through inflation tax (printing money).

[@TheaterPup]

"What a circus...what a show..." Has no one in Argentina ever seen Evita?

[@fawkq7223]

Yo I really hope you find a new job. I quite enjoy how you speak and present things to the public. It's just too bad you're attached to the propaganda CBC name. And believe you me we are all voting for that change to happen that they stop funding the CBC. That's why Pierre is winning.

[@mikeb5664]

The CBC News is not government funded. Pierre is winning because people are ignorant and have opinions based on misinformation.

[@vladimirofsvalbard9477]

Getting rid of the central bank = good Jumping on the USD? Meh? I mean, it will keep them afloat in more desperate times for sure, BUT it completely ties Argentina to the fate of the USD. If anything happens to the economy in 2023/2024; the banks will slash interest rates and inflation will surge again in 2025/2026. Argentina will experience it all the same, maybe even worse.

[@RealMajora]

It's crazy that Milei's opposition in the election was the finance minister of the government who let this happen under his own watch.

[@Siranoxz]

Absolutely staggering, the reasons are sound why they elected Milei..

[@carmenlajoie2719]

Argentina was supposed to join BRICS, 40+countries leaving oil reserve currency. When your currency is coupled to the Petro$ and not gold, you don't have sovereignty. RT International, CGTN The Point-Hub-Heat, BRI Forum cooperation in Agriculture-Infastructure Poverty allieviation etc...

[@jb9582]

3:47 Milei speaks about dolarization as a mean to disregard the peso, but once we get there, we would be able to use any other currency we want. If we didn't like USD interest rates, we would just switch to another currency. In fact, the decree he already released states that you can use any currency you want in contracts between privates.

[@OneLine122]

Thanks Andrew, always good info.

[@milmarQ]

Bravo Javier, you go, 👏 🙌 👍

[@Mojo59079]

Can’t believe CBC produced something so truthful. Reminds me of the CBC of old. Trustworthy. Relatively unbiased. Wow.

[@lewmiller4986]

If printing money could cure poverty then printing diplomas could solve stupidity. Neither work. Ever.

[@dira4734]

Yea you can say he have his flaws, but all the things he did make it to be the president today. As an old follower I can say he is a scholar in economy and a good person with a passion for make some good for our country. Imagine be an outsider and go into the mud of politics only to be shreded by all of them in order to improve our path in this mess. A true patriot

[@yinghongtan]

He would be fortunate to not end up in prison. Look at what has been happening to Trump. The US establishment, or deep state called by Trump, has tried to destroy him by bring one flimsy lawsuit after another against him. One fails, another one props up. They just hope something will stick. Trump, as a rich man, has be able to afford fighting back. If he were not rich, he might be rotting away in a prison now.

[@Jose-py3ig]

Amazing that this felt like actual journalism...

[@llzlk]

Bro, your numbers are wrong. That USD price is only for government friends which is less than 1%, Everyone else must pay at least twice that price. Currently at the time of this comment 1 USD = 1000 ARG pesos.

[@khillsy4489]

Kanadastan needs a man just like this. 💪💪💪🇨🇦🇨🇦🇨🇦

[@moj1338]

Why wait for that? Why not move to the new paradise, Argentina?😊

[@MGICapitalFund]

@@moj1338 Until 2015 we had 9 separate corporations running in Alberta with millions invested and hundreds of employees. Enter Notely and Trudeau. We now have less than 20 employees in Canada and have invested millions in Bolivia. With new leadership in Argentina we will strongly consider investing in that country.

[@moj1338]

@@MGICapitalFund Sure, go for it! In fact, why just invest, take the whole operation there, move there and settle there. I hear Argentina is a very welcoming country toward all kinds of immigrants. Good luck!

[@mikeb5664]

@@MGICapitalFund WTF are you talking about?

[@Outrageprovocateur]

dollarization by other countries may save the USD because it will create demand for it.

[@TheLesiu245]

10 mins material, not a word that he is in fact the economist with 20+ years experience on both private and public sector, including as an advisor to World Economic Forum and B20 (advisory board for G20). He was "TV Star" for maybe 2-3 years after that.

[@mikerainbow11]

Was expecting a one sided hit job and, while there is a bit of a bias (who doesn't have one?), you actually kept a level head and explained, quite fairly, why people could legitimately view him as a needed leader. I am curious to see where this goes, it could be good and it could be horrible. I hope the Argentinians can reclaim their glory as the Paris of the Americas once again.

[@georgedavid3815]

We need a guy like that in US😂

[@diegonieto9215]

If Milei doesn't do a good job as president, we'll send him to the US 😅 But I don't think that will happen. Greeting from Argentina

[@manolaykhounviseth1864]

Good luck that would be a miracle. Almost everyone that get voted in for promises they can’t meet. It would take a strong leader with good characters to do that.

[@fitojdj]

And he is one the best economist of latam, 13 books about economic growing, i been following as an economist since 2009

[@yinghongtan]

@@fitojdjUnderstanding economics doesn’t mean he can sail through smoothly in the treacherous sea of politics.

[@NefastusJones]

He looks like he cuts his hair with that chainsaw of his.

[@diegomercier]

You forgot to emphasize that all the terrible problems of Argentina were caused by several decades of Socialism (Peronism is called) and collectivism. His anger against the Left is justified. His motto (as a Libertarian) is "Respect for the life project of all individuals based on the principles of no aggression, right to life, liberty and property" - Nothing wrong with this.

[@jordanbfromsk5191]

Is there a CBC in Argentina?

[@truthfilterforyoutube8218]

Love the thumbnail about 149% inflation in Argentina.....when here in Canada over the past 5 years....we're about the same !

[@Yonkonol]

Many thinks that it's being saying here are no correct., incomplete, Chang you need to inform yourself well before open your mouth. Viva la libertad carajo!!!

[@winonebud]

CBC would do well do argue against his policies, instead of ad hominem attack on his personal character. But CBC can't do that, because Milei's ideas are far superior to theirs. In fact, this host doesn't even know what Austrian Economics is, so how could he know how to debate his policies?

[@P.r.7.]

Andrew if you are reading this please open you own podcast away from cbc You’d do so well! Let’s get independent media going in Canada just like the USA Let’s not fall behind You should be traveling the world grilling everyone and teaching the Canadian public about your discoveries! CBC is lucky to have you!

[@pooppoop4805]

Idk about hitching your currency to the US dollar honestly. Maybe Gold or Silver.

[@mraso30]

Imagine saying the fiat currency USD, which has lost 99% of its value over the last 100 years or so, is some kind of "store of value" lol. Thanks CBC..

[@real.eightball]

thats how inflation is meant to work

[@ChallengerToTheMax]

Here we lost 100% in just a few months.... So there is the difference. Our currency is the most devaluated in history. So let me tell you in behalve of all of argentinians nobody hates more the peso than us. You want to buy a home, it's in dollars... You want to buy a car, it's in dollars.. You want to save money... You guessed it, also dollars. Our country all ready uses the dollar but just because it's almost illegal to trade in dollars the peso keeps going and devaluating.

[@LG-tw5vm]

It's going to be tough, but it can be done.

[@TheBasedCanadian]

I cant remember the last time I agreed with something on cbc

[@yinghongtan]

Argentina has to change course. It has nothing to lose.

[@Kjdjrh]

Congratulations Argentina! We’re with you! J-Philadelphia 🌺✝️🌺

[@jesuscontrera4250]

Inaccurate reporting the real exchange that people are able to get is around the 950 AR$ - 1 USD. Also some of the ministries he is cutting now get cover under a bigger "human capital ministry"

[@FrankMejiasDIY]

I hope I could follow the Bukele effect . good job....

[@anunnakirs]

You are so wrong $1 dollar is $920 pesos.

[@johnsutherland7561]

I wish more politicians were as honest in expressing there views it would make it easier to vote. Unfortunately here in Canada views opposing the government are heavily oppressed and not expressed on our news outlets. The government would threaten pulling ad SPEND to get them in line as I believe they did with Facebook and Twitter. You Tube to my shock removes BILLIONS of comments annually. I believe those who lost there lives fighting for freedom would be dismayed.

[@wolfthequarrelsome504]

They could "Euroise" the currency. That's what will happen.

[@marcusmeins1839]

Well argentinians had no choice , either it was him or massa and massa was the worst option .

[@anteeko]

Many economist argue that allowing selling organ can save lives.

[@federicojaureguiberry7184]

The narrator made several mistakes bringing information from the opposition party. In Argentina, the voting process is plenty of vices and "greys" where the most powerful parties can cheat. Milei parties had to get more than one Party members auditing the process in every voting table.

[@DKBZA]

false information. So how did he win? Furthermore, the current government has lost before and accepted defeat. Miley did the opposite. He reported fraud, but only when he lost.

[@dsbmgrey9504]

In Argentina it is the central bank, in USA congress is the problem.

[@jameswebb4593]

Inflation is nothing new with Argentina , I can remember thirty plus years ago a English chap living and working in B.A, he changed his sterling into Peso's daily , just getting his requirement for the day.

[@aspman97]

Why hasn't JT congratulated the new President of Argentina or the new PM of Italy, for that matter?

[@joseaca1010]

Heres my deal, ive seen videos of Milei WAAAY before the election, im venezuelan, and i had barely emigrated to chile when youtube started recommending me his videos, by that time i was no longer a socialist, for obvious reasons, but i still believed in government intervention in the economy to some extent, and heres the thing, i was listening to this Milei guy and it started to make sense, plus i had just arrived to the most economically free country in latam and well, the living standards here were just on a different level, when confronted with his videos and the clear evidence of the benefits of the free market before me, i just couldnt convince myself the state knew better The precise moment when i thought "this has to be the way" was when Milei mentioned the economic freedom index, and he explained how the countries at the top live significantly better than those are the bottom I checked it myself, the 3 countries at the bottom? cuba, venezuela and north korea, and the countries on top? Nearly all of them were developed economies, of those that werent, they either lead their region in terms of living standards, such as Chile and Uruguay, or they had experienced many years of growth and improving living conditions, such as Rwanda When faced with such concrete evidence of the superiority of free market policies, i became much more pro-market and classic liberal, i dont believe myself full ancap tough, and i still believe in certain government programs such as easy access to education, but i think the voucher system proposed by Milei is superior to simply funding public schools

[@javiersanto9870]

Mate, if you want to buy 1 U$S you need 1100 Argentinean pesos appproximately.

[@santiagoaldana8141]

En Bogotá a finales de noviembre del 2023 asistí a un foro en el que dio conferencia Nicolás Márquez, allí le pregunté, si él había comenzado la batalla cultural que terminó con Milei presidente, a lo que él me respondió:"eso me lo han dicho varias veces pero no es justo". ¿Entonces quién fue?. Creo que en general no somos conscientes del momento que estamos viviendo, Milei no es presidente por la formación de un partido hace dos años, esto es posible gracias a la batalla cultural que se lleva dando, si no me equivoco, casi dos décadas; necesitamos que se nos cuente cómo es que se realizó esta batalla, no tanto para conocer los rostros y las ideas de las personas que le realizaron, sino para que se nos expliquen las herramientas e instrumentos que utilizaron; pero no de lo que son, que es importante saberlo, cómo no lo ha explicado en este video, sino de cómo utilizarlas. Lo que propongo es un manual de la lucha cultural, donde se nos enseñe no solo el CONCEPTO de cómo realizar la batalla, sino de cómo utilizar las herramientas que se han conseguido, para que la mayoría de los votantes que no son personas que viven metidas en las redes sociales, sean puestas en conocimiento de manera efectiva de lo que está ocurriendo; algo como la película de Milei, pero realizada con la máxima calidad posible, digna de ser presentada por todos los rincones del mundo. Navegando en la red se puede extrapolar de manera efectiva o no, lo que ha ocurrido, esto depende de la voluntad y la experticia que cada quien quiera ponerle; pero lo que necesitamos es que los expertos nos pongan en las manos un instrumento que de una sola sentada nos capacite para lograr esto en América latina, y aquí vuelvo al punto en el que la mayoría no somos conscientes de lo que está pasando y del potencial qué tiene; la entrevista a Milei por Tucker Carlson tuvo 320 millones de reproducciones por una sola de las redes, inferior por mucho a los 200 millones que tuvo Trump, no podemos tener un mejor escenario para una verdadera revolución, y que me parece a mí tiene el potencial del acervo moral de la cultura judeocristiana que se ha perdido fuera de América latina. Visto así; creo que si Javier Milei logra hacer de la Argentina La potencia mundial a la que aspira, con la herramienta adecuada, podemos hacer un imperio de la América latina; un imperio donde reine (como lo dice la senadora colombiana María Fernanda cabal) la libertad, la justicia, y el orden. Y yo pregunto: ¿Quiénes pueden colocar en nuestras manos este documento audiovisual ? El comunismo es basura. Viva la libertad carajo. Dios nos guarde a todos, especialmente a los secuestrados por terroristas, en Colombia o en Gaza, aquí o allá. .

[@facingthemusic1]

Oh have you just figured out what the cause of inflation is there guy? I recall about a year ago you telling your audience that the cause of inflation in Canada was workers demanding higher wages.

[@RedPillNews]

Viva Argentina y Milei

[@KarlDMarx]

Simon Kuznets: "There are four kinds of countries in the world: developed countries, undeveloped countries, Japan and Argentina"

[@silcar2300]

What do you mean?

[@mindmybusynassm1645]

Hard to imagine anything good but the time will show.

[@hammerbaits]

Canada is headed there too.