On the one hand, a desperate team. Javier Milei and “Toto” Caputo had already been rescued in April by the IMF, when his plan was aimed at the abyss. But he did not reach. Now, only 34 days were missing for the October elections and, if there was no urgent rudder, they were going to take positions. After corruption scandals. Of the beating of September 7. Of the defeats in Congress, which were the triumphs of the streets. The dollar and the country risk were about to give them the final lunge, and they knew that they would have been completely irreversible.
On the other side, smoking calmly, the man waited. Scott Besent took his time, with the tranquility of those who are in the management of the situation. He waited until 9:46 am, Argentine schedule, to tweet. In the fingers of the US Treasury official was the gesture that the “markets” expected to know if that Monday from 10 in the morning it would start another fatal day for Javier Milei or if the Argentine president would have one more survival.
There was lengthe. The magical words that celebrated that day the financial capital agents said that “Argentina is a systemically important ally of the United States in Latin America, and the United States Treasury is willing to do whatever necessary within their mandate to support Argentina. All stabilization options are on the table.”
That announcement, emergency, smelled a lot of improvisation. For its lack of details. For their times. In the following days, some things were clarified, not others. When Milei on Tuesday left the meeting with Trump just with a giant format tweet, the matter was lent to the meme. Until Scott Besent, finally, he dedicated himself on Wednesday to try to say something else. He said that “the treasure is currently negotiating with the Argentine authorities a swap of 20,000 million dollars with the Central Bank” and that they were ready to buy Argentine bonds or grant a stand-by loan through the exchange stabilization fund.
The “markets” celebrated, but the truth is also that Wednesday’s long besent tweet contained contradictory messages and possibly poisoned. Along with those statements to try to bring peace that Argentina will not go in the coming months towards the default, It also included statements that presume that everything solid can fade in the air if the government of Javier Milei suffers another great electoral defeat on October 26 that puts again on the agenda that a weak government cannot manage the devaluation, adjustments and structural reforms. Besent said he will work with the Argentine government for the payment of debts “Immediately after the elections” And that “state in contact with numerous US companies that plan to make important direct foreign investments in Argentina in multiple sectors In case of a positive electoral result”.
That is why, at this time, there are few who analyze this week’s political gestures as a “Trust shock”that is, Trump and Besent’s statements acted within the theory of John Pierpont Morgan: that the help is not necessary to be completed, but only with the statements it is sufficient so that the market voluntarily goes out to buy Argentine financial assets and allow the country to lower the range to the rank that facilitates voluntary debt placement.
In the very short term, this action was complemented with the temporary decline of withholdings that achieved the liquidation for more than 7000 million dollars in just three days. One thing could not have worked without the other: if the United States did not intervene and the dollar was still uploading, the usual speculators had waited to sell their grains with a higher value of the American currency later. Possibly, an agreement between the government and the cereal (with privileged information), acted behind the scene. Even so, Caputo’s permanent shortroplaism (The dollars that you have today are the ones that will not have tomorrow) It generated a new conflict: that of the owners of the field that denounce that the whole negotiated one stared from export cereal. If the government also wanted to improve its electoral base in rural areas, it has emerged a new contradiction.
Of course, all this can be a short -term plan and that a bad electoral result on October 26, once again puts all the fragilities on the table, as Besent’s crírpic messages fear. This is noticed not only numerous publications of international financial capital but also even former IMF officials such as Gita Gopinath, who emphasized Wednesday that the exchange scheme of Milei and Caputo is finished and that, together with structural reforms, A new devaluation will be necessary to move towards a scheme that allows the accumulation of reservations for the payment of the debt. Argentina, if something has, is memory: for more impact generated by multimillionaire figures, no one forgets that Mauricio Macri the IMF gave him the largest loan in its history and that government ended up politically defeated in the medium of devaluations and exchange crises. Further back in time, the fabulous “shielding” and “megacanje” that gave Fernando de la Rúa ended in the crisis of December 2001. The bulling amounts the only thing they guarantee is the escape of capital and the looting of the country.
For now, then, the government, what it has achieved is function with artificial respirator. After October 26 – if there are no turbulence before – it will be a hacking and giving againbut with a much more dragged government and dependent on Donald Trump. The game that this week won La Libertad advances (practically avoid the fall of the government) was given in the field of gaining calm in the markets, but Nothing is said that this manages to reverse the structural causes that led him to his defeat of September 7 and that threaten to repeat himself on October 26: Corruption, delegitimization, unpopular cuts, recession, fall of consumption, repression and authoritarian methods, violence and hate speeches against women and sexual diversity (which this Wednesday broke out in the anger against triple femicide). That the tree does not cover the forest, because perhaps, before planned, all that is on the table again.
Likewise, the excessive increase in dependence on United States, which basically is clicking on the possibility of making the government fall if it wantedIt also has huge geopolitical implications.
The interest of the Republican President in Argentina is not an issue in itself, but is registered within the framework of the alliances policy of the ultra -right at the international level and to use Javier Milei as his pawn in the region, in the context of a dispute of much more reach, which is the confrontation with China for world predominance.
With null dissimulation they have explicitly expressed it in recent months the new ambassador designated by Trump, Peter Lamelasand for a few years the former head of the South Command Laura Richardson. Both said, in truly colonial statements, their interest in the region against China and their ambition to appropriate natural property such as lithium, among others, as well as the intention of cutting political, commercial and military ties with Asian power. Even so, the current rescue to Argentina has aroused a lot of debate and internal opposition in the United States themselves.
The now extreme dependence on Milei over the United States reinforces this to increasingly unheard of levels, given that the maneuvering margin of Javier Milei (assuming he would like) tends to zero. However, The darkest side of the geopolitical location of the Argentine president has to do with the disastrous photo that took place this Thursday in the United States between Milei and the greatest genocide of our time: Benjamin Netanyahu.
Within the increasing isolation of the state of Israel in the world, and of struggles and historical mobilizations against the massacre that is perpetrating, as the views in Italy in recent days, the Argentine president, together with Trump, are practically the only ones that support the Israeli president.
Not in our name. Today there is a battle of honor that consists in letting the entire world know that the Argentine people are not with Milei and with the genocidal Netanyahu, but with the Palestinian people who resist and with those who mobilize in every corner of the planet against the genocide.
The left, From that brave statement by Myriam Bregman in the 2023 presidential debate That in solitude, against all the other candidates, he declared his support for the Palestinian people, the task of resonating the denunciation of the tens of thousands of murders, destruction and death generated by the state of Israel has been placed on his shoulder. The same have done Nicolás del Caño, Christian Castillo and Alejandro Vilca in the National Congress, as well as each militant in their place of militancy and Vanina Biasi and Alejandro Bodart, persecuted for denouncing the Zionist massacre.
But today that is not enough, but you have to redouble the efforts. It is necessary to take the anti -imperialist flags to each neighborhood, to each place of work or study, to lift the great majorities of our country against imperialist domination, which is manifested in the dependence, looting and crisis that impoverishes the popular majorities, but also in the support of Milei to the worst genocide of our time. Not fighting side by side with the Palestinian people would be today as not fighting the Nazis in the twentieth century.
However, this fight is not only against Milei, but also against their accomplices or against those who look the other way. The leadership of Peronism -including its union domes that have been supporting the adjustment of La Libertad advances– He refuses to break the IMF and the domination of financial capital to assume the only possible sovereign path. He asks to wait for 2027 for when Milei has already razed everything, and on top to do in the future government the same thing already did the Front of all: Be a coward before economic power and adjust to the majorities, as seen in the validation made in his previous government of the illegal debt that Macri had taken.
But just as that is true, it is also The leadership of Peronism has been constituted as an obstacle of silence and complicity against genocide in Gazaboycotting the marches, not going to the streets and refusing to say anything more than some other isolated statement and without significance, not to mention Israel’s friends as Leandro Santoro or Guillermo Moreno, among others.
Today is more urgent than ever a change of course. Break with all the ties to imperialism. For the destiny of the great majorities in our country, but also to be part of the struggles of the oppressed peoples of the world that the dramas of our time. The historical mass mobilizations in Italy and the Global Sumud flotilla mark a path to which to join.
Source: www.laizquierdadiario.com
