Argentina is going through difficult times (especially with the Peso being bad as it’s very volatile) since most Argentinians would prefer USD over the Peso either through savings or investment.
That’s because the dollar is the best bet not only for savings, but for making a living (if they can manage to get remote work). The thing is, how did Argentina end up in this situation in the first place?
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Because the world Bank and IMF fucked them when they resisted selling off their country through outside investments, leading to their currency being debased and ultimately giving them weak footing for international trade
They’ve never really recovered from that, and they’ve also flitted back and forth between wildly different economic interventions desperately trying to fix things
Because it’s run by an AnCap that decided to nuke all social services and sell the entire country out to the IMF and crypto scams.
The saying goes There are 4 types of national economy: developed, developing, Japan, and Argentina. Argentina’s economy has been in trouble for a very long time.
It’s a very complicated subject.
Here are a few videos to get you started:
https://m.youtube.com/watch?v=E7MzfNTSk4A&pp=ygUKYXJnZW50aW5hIA%3D%3D
https://m.youtube.com/watch?v=xTe6fjwadmo&pp=ygUQemVpaGFuIGFyZ2VudGluYQ%3D%3D
Why has the Argentina Economy gone to shit … again?
The country has defaulted on its debt/gone bankrupt nine times.
https://en.wikipedia.org/wiki/1998–2002_Argentine_great_depression
They’ve never recovered from this and their presidents keep doing boneheaded shit.
Javier Milei might have something to do with it.
Mainly because of leftist, almost socialist government.
The president is the biggest Trump fanboy, how the fuck the government is leftist?
🤡
You bumped your head, mate? Better go see a doctor, as you sound very confused.
Their president is an AnCap that nuked social services and critical government infrastructure, took on enourmous loans, and created skyrocketing poverty and unemployment. If socialists were in charge then Argentina would not be in this crisis.
