• The Government started the week – this ends – celebrating a series of tweets from the Treasury Secretary (US Economy Minister), Scott Besent, in which he assured was willing to do “whatever necessary” to support Argentina, which he raised to the strategic ally status. He talked about different variants of financial aid (SWAP, debt purchases, cash).

  • The message managed to save Milei from the shipwreck to which the previous week was heading at full speed in which he ended up burning reservations (1.1 billion in three days) to contain the dollar price in the middle of a run.
  • Then, the president traveled to the US and left us a photo of anthology for the pathetic and by the level of Cipayism: an image in which Donald Trump gives him a printed tweet (in which he wrote things similar to Besent) and that Milei received with a happy birthday face.
  • On the same trip, the president left another photo that will also be remembered in the history books: when in an act never seen the UN General Assembly almost in full booed and emptied the room to Benjamín Netanyahu by the genocide he carries out in Gaza, Milei takes a cheerful photo with the genocidal and his hands stained with blood making the gesture of the thumbs up. The story will not absolve when wondering, what were you doing when the first genocide of the 21st century was carried out?
  • Now, the “tranquility” brought by the statements of Besent and Trump (the dollar, the country risk and the shares were raised on Monday and Tuesday) lasted 48 hs., By averaging the week, and in the face of doubts of what it would be specifically help, what amount and at what time (Besent talked about that it would arrive after the elections) returned the uncertainty, the uncertainty fell, of the 1000 points.
  • At that time, the government carried out a casino play: zero retentions for grains and by -products “until October 31” or until USD 7,000 million in exports were declared, which happened first. In three business days, cereals sold out the quota and the executive reimplanted the withholdings: 26% for soybeans, 24.5% for flour and oil; 9.5% for corn and wheat. The same decree that opened the door closed it suddenly. “Dollar shock,” they said; Shock of opportunism was what was seen. And the perfect picture of mileism was: express accounting, short -term business for the most concentrated. There was no lack of who celebrated the “fiscal relief” to the countryside. But the discomfort came from agriculture: entities like Carbap pointed out “extraordinary profits” for exporters and producers outside the cast; Meanwhile, futures in Chicago sank from the Argentine oversupply. Result: a dollar bridge that lasted what a sigh. It is the political economy of the patch: the State is used to liquefy salaries, to try to contain prices with intervention blows and to enable lightning income, while they give it in public. Statism up, market down.
  • Now, nothing indicates that these “tweets” and these moves from Casino in the economy change the dynamics of social humor. The elections (at the time in CABA and then in PBA) had already shown a change of the social base of the government that was not “transverse”, but a narrow social right, anchored in the highest income segments. But, now, there is also a consensus in most of the surveys that shows a drop in approval below 40% and disapproval that exceeds 50% nationwide.
  • Fragility is the word that flies over. Fiscal fragility that forces round trip decrees; parliamentary fragility that explodes when the street is organized (universities, health, retirees); Social fragility and strategic fragility: the plan is definitely broken. On Friday (yesterday) the Government replied a partial stock: those who buy official dollars will not be able to acquire (MEP and CCL) for 90 days.
  • With the coimas of Karina Milei, the Government was embedded with the “caste” methods; With these measures, Milei shows useless in the field in which he presented himself as an expert: the management of the economy. Of the promise of “dollarization” to the return of the stocks. End.
  • Now, and it is worth insisting on this: Milei, every week shows, not only fragility, but also gives arguments and foundations to face it and try to stop the final looting.
  • This week he went to crawl to the US to get a twine to be survived to his finished project and in the same act increase the mortgage of the country. Because let’s be clear, this would not be a “help to Milei”, it would be a new debt of the country. On the same trip he aligned with a genocide who is being repudiated in everything.
  • What will the sommeliers of the “correlations of force” answer? What to pretend to defeat this project here and now is “doing the game”? What to wait for everything to break, end the destructive and barbaric work because the “institutional times” is marked?
  • Well, the one that sizes acts of barbarism, responds that, is not a responsible strategist that has wisdom to handle the times of politics. It is an indirect ally of those who need this government and in fact, it looks a lot like an accomplice.

    • Do you want to know more about this topic? Ask Chatpts

    Source: www.laizquierdadiario.com



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