In 2023, Argentina ‘elected’ a far-right, clownish president with weird hair. Javier Milei paraded around the country with a chain saw promising to ‘cut the bureaucracy’ and basically Make Argentina Great Again. Milei began slashing government jobs, regulations, devaluing the Peso and cutting back on public services.
Within 12 months, Milei had created what Aljazeera labeled “A Disaster.” Poverty rates soared to 53%, a twenty-year high…more than double the average yearly rate. Childhood poverty exploded to over 60%. Inflation was +200% and interest rates were well over +30%.
Milei has been a stand-in for the far-right, Silicon Valley techno-utopian Libertarians in the United States. On 21 February 2025, Milei appeared on stage at CPAC and handed Elmo Musk a chainsaw that the ketamine-addled billionaire thrust above his head while simultaneously letting out one of the wimpiest “yahs” every recorded.
Prior to CPAC, the Argentine state-run media had been pushing statistics that seemed specious at best, claiming that poverty has dropped to 33.5% and inflation has dropped from near +200% to a paltry +2.2%. Actual, legitimate economic data tells a different story. Inflation is better but still running at +84.50%. Interest rates are better but still running at +29%. Unemployment is better, but still 6.9%. The Argentina Stock market, the MERVAL had been in an uptrend throughout most of 2024 and is now down -16.31% for 2025.
The Peso is now 1061 to the U.S. Dollar. Gas prices are still double what they were previously. Milei removed rent controls and rents have exploded (doubling) across the country, leaving many people homeless. Initially, Argentines started crossing over to neighboring countries such as Chile to buy goods. Today, other South American currencies now buy triple what they can in their own countries which has created long lines of cars from Uruguay and Chile.
Meanwhile, Milei is embroiled in a crypto meme-coin scam. Milei and his new form of Libertarian government corruption is trying desperately to dance around the scandal, but the reality is they did an old-fashioned “rug pull” on the buyers of the $LIBRA coin wiping out $4 billion in value in a single weekend.
No Electricity, No Water
Milei is a darling of the American Libertarian billionaire class, and they see Milei’s government crashing techniques as a blueprint for the American population. If they get their way, we get soup kitchens and a lack of water and electricity for impoverished places in the USA. Milei cut social services to poor/urban areas in the country…basically leaving people for dead.
This is the “strong dose of reality” that Musk (the world’s richest man) keeps promising the country. It’s bad enough that he unilaterally cut off funding for USAID which provides life-saving food and medicines for the world’s most destitute people, Musk is dead set on handing that same “temporary hardship” to the people of a country that was his 3rd choice and to which he entered illegally and has continued to lap up massive subsidies (U.S. tax payer dollars) for his companies.
“The Post, citing business associates, court records and company documents, found Musk did not have the legal right to work in the U.S. while creating Zip2—a business directory software company that sold for about $300 million 25 years ago.” --Forbes
The sheer incompetence of Musk and his INCEL Nerd Reich hackers is setting the country up for a fall. The term “DOGE’d” has entered the lexicon, meaning anyone who has been fucked over by Ketamine Karen and his INCELS. You have been “DOGE’d.”
Musk’s email ultimatum this past weekend created chaos and comedy and shows a staggering level of incompetence. They left the email ID open publicly and people all over the world flooded the email ID with hysterical responses as to “What did you get done last week?”
Firing government employees ala Milei, 30% of whom are veterans who wore a uniform to serve the country, is NOT the solution to “waste, fraud and abuse.” The actual waste was pointed out clearly by Jon Stewart on Monday night’s Daily Show.
Musk rakes in $8 million per day from U.S. taxpayers. Yet Musk has zero problem taking money from the world’s poorest people and turning out America’s top talent. People in the civil service do things that very few Americans can even comprehend much less want to do. And they do it for 1/3rd to ¼ of the salary they could receive working in the private sector.
As I wrote about previously, the markets don’t seem to like Musk’s “DOGE-ing” of the country. Granted, the markets have been extremely overbought after a breathless two-year run. To top it off, retail traders have piled into the market post-election in the myopic belief that the new “Golden Age” was about to unfold under Coppertone Caligula.
In addition, protests are rising up all around the country at Congressional town halls as well as Tesla dealerships. As of today, the stock of $TSLA is down -45.25% from its high set on 17 December 2024. Musk’s “wealth” is all debt/loans. He does not take a salary; he borrows money based on the value of Tesla stock. If Tesla stock plunges, guess what happens?
Friday, 28 February 2025, is designated as a Nationwide Blackout Day where Americans are urged to “Buy Nothing.”
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If Chainsaw Chad wants to put the hurt on Americans, then we need to put the hurt back on the oligarchs. Big time. Of course, all this happens while the average hours worked per week is declining while continued claims for unemployment trends higher. This combination is a recipe for “stagflation.” We appear to be entering a period of increased unemployment, sticky inflation and people not having any discretionary income…so ‘not buying’ things may not even be a choice for many citizens.
In addition, 14 March 2025, is the due date for the budget and most likely the shutdown of the entire government. 15 March 2025 is designated as #Shutdown315, a nationwide plan to shut down the USA in a national strike.
In the meantime, save those pennies (oops, we don’t have pennies anymore!)…well, save your whatever so that you can buy yourself a “T***p Gold Card!”