Conservative Javier Milei Is Elected the New President of Argentina

#202
#202
utvolpj said:
It's impossible given the choices on our ballot
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What’s impossible or close to it anyway, is getting the American voting populace to go outside the lines of our 2 main party ballot, just because Biden and Trump are the 2 main players doesn’t mean anyone has to do a part in electing them. As much as it seems to surprise a lot of people, there are alternatives.
 
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#203
#203
In the first quarter of 2024, the South American country recorded a budget surplus of about 275 billion pesos (some $309 million at the official rate), he told national TV late Monday.

This amounted to a surplus of 0.2 percent of GDP.

"This is the first quarter with a financial surplus since 2008," said Milei, referring to his left-wing rival Cristina Kirchner's first year in the presidency.

Milei, who took office in December, boasted of "a feat of historic significance on a global scale."
 
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#204
#204
volfanhill said:
In the first quarter of 2024, the South American country recorded a budget surplus of about 275 billion pesos (some $309 million at the official rate), he told national TV late Monday.

This amounted to a surplus of 0.2 percent of GDP.

"This is the first quarter with a financial surplus since 2008," said Milei, referring to his left-wing rival Cristina Kirchner's first year in the presidency.

Milei, who took office in December, boasted of "a feat of historic significance on a global scale."
Click to expand...

Wish I could believe it.
 
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#212
#212
Of course, NYT/WaPo/NPR/etc. cast him as a right wing bigot from the start. From the article:

With inflation falling, interest rates coming down, and the peso on fire in one market, Milei is already proving the global Left-wing economic establishment – addicted to bigger government and endless deficits – wrong. Indeed, it may provide a template for other countries to escape from zero growth.

First, what’s changed in the country: inflation has fallen to 11pc and Milei predicts it will fall further. While a monthly figure (this is Argentina after all), price rises may be coming back under control after soaring above 300pc annually.

Last week, Milei announced that the country had recorded its first quarterly budget surplus since 2008, a modest 0.2pc of GDP, but still an astonishing achievement in such a short space of time, especially for a country that has run deficits for 113 of the last 123 years.

finance.yahoo.com

Milei is already proving the Left-wing economic establishment wrong

Argentina has historically been a country of failed governments, economic collapses, and debt defaults. Yet incredibly there are signs that – against all the odds – the bold, free market reforms of its libertarian President Javier Milei are beginning to work.
finance.yahoo.com finance.yahoo.com
 
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#213
#213
CobbVol said:
Of course, NYT/WaPo/SPR/etc. cast him as a right wing bigot from the start. From the article:

With inflation falling, interest rates coming down, and the peso on fire in one market, Milei is already proving the global Left-wing economic establishment – addicted to bigger government and endless deficits – wrong. Indeed, it may provide a template for other countries to escape from zero growth.

First, what’s changed in the country: inflation has fallen to 11pc and Milei predicts it will fall further. While a monthly figure (this is Argentina after all), price rises may be coming back under control after soaring above 300pc annually.

Last week, Milei announced that the country had recorded its first quarterly budget surplus since 2008, a modest 0.2pc of GDP, but still an astonishing achievement in such a short space of time, especially for a country that has run deficits for 113 of the last 123 years.

finance.yahoo.com

Milei is already proving the Left-wing economic establishment wrong

Argentina has historically been a country of failed governments, economic collapses, and debt defaults. Yet incredibly there are signs that – against all the odds – the bold, free market reforms of its libertarian President Javier Milei are beginning to work.
finance.yahoo.com finance.yahoo.com
Click to expand...
It will be almost miraculous if Javier isn't assassinated.
 
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#215
#215
CobbVol said:
Of course, NYT/WaPo/NPR/etc. cast him as a right wing bigot from the start. From the article:

With inflation falling, interest rates coming down, and the peso on fire in one market, Milei is already proving the global Left-wing economic establishment – addicted to bigger government and endless deficits – wrong. Indeed, it may provide a template for other countries to escape from zero growth.

First, what’s changed in the country: inflation has fallen to 11pc and Milei predicts it will fall further. While a monthly figure (this is Argentina after all), price rises may be coming back under control after soaring above 300pc annually.

Last week, Milei announced that the country had recorded its first quarterly budget surplus since 2008, a modest 0.2pc of GDP, but still an astonishing achievement in such a short space of time, especially for a country that has run deficits for 113 of the last 123 years.

finance.yahoo.com

Milei is already proving the Left-wing economic establishment wrong

Argentina has historically been a country of failed governments, economic collapses, and debt defaults. Yet incredibly there are signs that – against all the odds – the bold, free market reforms of its libertarian President Javier Milei are beginning to work.
finance.yahoo.com finance.yahoo.com
Click to expand...
I will be interested to see how long the financial gains last. it could be a quick market reaction to the new found freedom and it will "correct" again back to the old norms.

you don't fix 123 years in 1.
 
#217
#217
jmacvols1 said:
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Coinage Act of 1792

Quality control measures were implemented in that from each separate mass of gold or silver used to produce coins, three coins were set aside by the treasurer. Each year on the last Monday in July, under the inspection of the Chief Justice, the Secretary and Comptroller of the Treasury, the Secretary of State, and the Attorney General, the coins were to be assayed and if the coins did not meet established standards, the officers were disqualified from office. The meetings later became formalized as the United States Assay Commission, which continued meeting until it was disbanded in 1980.

Section 19 of the Act established a penalty of death for debasing the gold or silver coins authorized by the Act, or embezzlement of the metals for those coins, by officers or employees of the mint; this section of the Act apparently remains in effect and would, in theory, continue to apply in the case of "any of the gold or silver coins which shall be struck or coined at the said mint". (At present the only gold or silver coins struck by the US mint are the American Silver Eagle and the American Gold Eagle coins, some proof coinage at the San Francisco Mint, such as the silver US State Quarters, and much of the Commemorative coinage of the United States.) All other sections of the act have been superseded, as the Coinage Act of 1834 changing the silver-to-gold weight ratio. Various acts have subsequently been passed affecting the amount and type of metal in U.S. coins, so today there is no legal definition of the term "dollar" to be found in any U.S. statute. Current statutes regulating coinage in the United States may be found in Title 31 of the United States Code.
 
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