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Post by Devil Wincarnate on Dec 5, 2023 10:08:18 GMT
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The Bishop
Labour
Down With Factionalism!
Posts: 38,925
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Post by The Bishop on Dec 5, 2023 11:29:46 GMT
In my defence, I don't look at BBC stuff that much these days. At least the NYT qualifies it slightly as "win for the far right" - which could arguably be true even if Milei isn't that way himself. The other Twitter-as-news line was Tango Trump or whatever nonsense they came up with. Based on lazy journalism and a desperate attempt to make everyone look like the bogeyman of the moment. Of course, that Milei has been speaking in some depth with Biden, Sullivan and Blinken this week hasn't caught enough attention for a follow up article from any of those same outlets. Who haven't bothered anyway. The jamboree will roll on. And not just in the media. I'm amazed that we didn't have someone fingered as Luxembourg Trump. For a while in 2019-20, we had "Trumps" leading both the UK's major political parties! |
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Post by Devil Wincarnate on Dec 6, 2023 11:17:30 GMT
Milei's inauguration is this weekend, which you might have missed, because the press are no longer interested and the Twitter mob have moved on. He's expected to tell Argentines that he it will be a grim year, and they might well not see anything tangible for a while. Which would be remarkably honest compared to any of the last three presidents.
It appears that he is open to keeping some Peronists on side. Daniel Scioli (who lost to Macri) is to be kept on as ambassador to Brazil, and Flavia Royon will also remain in government. Schiaretti is going to have a representative in the government as well. The speaker of the house will be Martin Menem, nephew of Carlos. Bullrich is back in, as is her running mate Luis Petri of the UCR, who takes Defence.
And for your final bit of trivia. The Peronists leave office with a record 9.439 billion banknotes in circulation, which is over 2,000 per person. That's nearly double the total in 2019. Germany is now added to the list of countries that are printing banknotes to keep up with demand.
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Post by Devil Wincarnate on Dec 11, 2023 9:47:56 GMT
I quite genuinely cannot recall the BBC referring to him as anything but "far right". I actually can't see how this could even be a talking point. It was not once or twice. It was invariable. They're at it again: www.bbc.co.uk/news/world-latin-america-67678276And again they in no way discuss who might have been the people who created the economic mayhem that they describe in the article. Nor even name them. Or discuss why the previous government was flying planes of bank-notes from Malta, abolished income tax, or maintained 15 different peso rates. |
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Post by uthacalthing on Dec 11, 2023 14:08:16 GMT
The establishment will try to obstruct him. He needs to move quickly.
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Post by Devil Wincarnate on Dec 11, 2023 14:10:36 GMT
The establishment will try to obstruct him. He needs to move quickly. Fernández used his last speech to defend his economic record. Madness. |
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Post by uthacalthing on Dec 11, 2023 14:16:52 GMT
I am worried already about the likelihood of a military coup, probably preceded by strikes as justification
What is Milei's position on cuts to the armed forces and their officer's pensions?
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Post by uthacalthing on Dec 11, 2023 18:51:29 GMT
This indicates why it is so hard for Milei to put Argentina on an honest footing. He has to simultaneously cut public spending (which specifically means sinecure jobs) and increase taxes (ie. people have to actually pay taxes) . He will get no thanks for either. |
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maxque
Non-Aligned
Posts: 9,310 
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Post by maxque on Dec 11, 2023 19:56:48 GMT
This indicates why it is so hard for Milei to put Argentina on an honest footing. He has to simultaneously cut public spending (which specifically means sinecure jobs) and increase taxes (ie. people have to actually pay taxes) . He will get no thanks for either. And, even doing both might not be enough. |
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Post by Devil Wincarnate on Dec 14, 2023 0:39:03 GMT
This indicates why it is so hard for Milei to put Argentina on an honest footing. He has to simultaneously cut public spending (which specifically means sinecure jobs) and increase taxes (ie. people have to actually pay taxes) . He will get no thanks for either. And, even doing both might not be enough. Today's noises make it sound like he will at least give it a go. It sounds like the initial moves will be: - a devaluation of the peso, to be followed by the removal of the 15 other exchange rates. - overturning Massa's effective abolition of income tax. - stopping the literal printing of banknotes. - an increase in import taxes but the removal of the bizarre and elaborate system of import licences. - the gradual removal of export taxes. (Half this stuff makes you wonder who on earth came up with the previous policies to start with. Really strange stuff, especially for an exporter seeking hard cash) |
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Post by johnloony on Dec 14, 2023 2:10:31 GMT
And, even doing both might not be enough. Today's noises make it sound like he will at least give it a go. It sounds like the initial moves will be: - a devaluation of the peso, to be followed by the removal of the 15 other exchange rates. - overturning Massa's effective abolition of income tax. - stopping the literal printing of banknotes. - an increase in import taxes but the removal of the bizarre and elaborate system of import licences. - the gradual removal of export taxes. (Half this stuff makes you wonder who on earth came up with the previous policies to start with. Really strange stuff, especially for an exporter seeking hard cash) I regularly look at the currency exchange rates on the BBC red button thingy, to check the Vietnamese exchange rate (because it is approximately 30,000). While I was doing so, I happened to notice that the Argentina exchange rate has changed from 400 and something to more than 1000 within one day. |
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Post by Devil Wincarnate on Dec 14, 2023 9:23:20 GMT
Today's noises make it sound like he will at least give it a go. It sounds like the initial moves will be: - a devaluation of the peso, to be followed by the removal of the 15 other exchange rates. - overturning Massa's effective abolition of income tax. - stopping the literal printing of banknotes. - an increase in import taxes but the removal of the bizarre and elaborate system of import licences. - the gradual removal of export taxes. (Half this stuff makes you wonder who on earth came up with the previous policies to start with. Really strange stuff, especially for an exporter seeking hard cash) I regularly look at the currency exchange rates on the BBC red button thingy, to check the Vietnamese exchange rate (because it is approximately 30,000). While I was doing so, I happened to notice that the Argentina exchange rate has changed from 400 and something to more than 1000 within one day. That is probably the black market rate, as the official value is 800 now. But with 15 different exchange rates, who knows! |
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Post by ibfc on Dec 14, 2023 19:03:47 GMT
And, even doing both might not be enough. Today's noises make it sound like he will at least give it a go. It sounds like the initial moves will be: - a devaluation of the peso, to be followed by the removal of the 15 other exchange rates. - overturning Massa's effective abolition of income tax. - stopping the literal printing of banknotes. - an increase in import taxes but the removal of the bizarre and elaborate system of import licences. - the gradual removal of export taxes. (Half this stuff makes you wonder who on earth came up with the previous policies to start with. Really strange stuff, especially for an exporter seeking hard cash) The last two were common in India pre 1991. |
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Post by Devil Wincarnate on Dec 15, 2023 12:25:30 GMT
Today's noises make it sound like he will at least give it a go. It sounds like the initial moves will be: - a devaluation of the peso, to be followed by the removal of the 15 other exchange rates. - overturning Massa's effective abolition of income tax. - stopping the literal printing of banknotes. - an increase in import taxes but the removal of the bizarre and elaborate system of import licences. - the gradual removal of export taxes. (Half this stuff makes you wonder who on earth came up with the previous policies to start with. Really strange stuff, especially for an exporter seeking hard cash) The last two were common in India pre 1991. Funny you should say that. Manhoman Singh sprung to mind when thinking about the situation Milei finds himself in. |
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Post by Devil Wincarnate on Dec 16, 2023 13:59:33 GMT
Caputo has suspended all money for new public works. Quite rightly he points out that the pause will flush out quite how many businessmen, politicians and professional rentiers on the make there are. Mining, Energy and Transport are to be merged into one ministry of infrastructure.
The transport subsidies seem to be next. Massa seems to have accidentally given the game away by trying to use the ludicrous artificial price as a line to attack Milei, so a hefty rise to match reality can't be ruled out.
After the Peron-Truss giveaway, it also looks like income tax will be returning.
The noises now seem to be about how soon export taxes can be reduced if not abolished. Likewise import taxes, but at least the import permits are being scrapped.
Quite when the money printing stops is the big question.
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Post by Devil Wincarnate on Dec 18, 2023 22:34:38 GMT
Riquelme defeats Macri to be president of Boca Juniors.
Milei turned up to vote and is a member. This is the best argument for not letting him be president. Supporting Boca is a pursuit for the grimmest of perverts.
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Post by uthacalthing on Dec 19, 2023 21:19:31 GMT
It's the best argument, but it's not a good one. Football loyalty is both congenital and geographic, overcoming it is a big ask. On top of that, it then becomes politically convenient to at least fake a soft form of it. Even opponents respect it.
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Post by Devil Wincarnate on Dec 20, 2023 9:03:41 GMT
It's the best argument, but it's not a good one. Football loyalty is both congenital and geographic, overcoming it is a big ask. On top of that, it then becomes politically convenient to at least fake a soft form of it. Even opponents respect it. To be honest I was trying to make a ham-fisted comment about how the arguments against him during the election were massively overblown and a bit silly. Still, the arguments don't matter much now as his biggest detractors in the press have lost the interest that all claimed to have a few weeks ago. |
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Post by Devil Wincarnate on Dec 22, 2023 13:21:50 GMT
Here's a fact. Subsidies are so out of control that Trenos Argentinos's revenues are now just 2.3 per cent of what it spends. And the organisation is so bloated that it has one employee for every kilometre of track.
Utterly bizarrely, it also transpires that the previous government paid Russia 864m US dollars for electric trains to run on an unelectrified track. Russia won't be finding such friendly financing now.
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Post by uthacalthing on Dec 22, 2023 13:37:47 GMT
Here's a fact. Subsidies are so out of control that Trenos Argentinos's revenues are now just 2.3 per cent of what it spends. And the organisation is so bloated that it has one employee for every kilometre of track. Utterly bizarrely, it also transpires that the previous government paid Russia 864m US dollars for electric trains to run on an unelectrified track. Russia won't be finding such friendly financing now. Lets take a moment to recall that the entire MSM and liberal establishment rallied to the cause of the human trash that governed this nation and denounced Milei as "far right. " |
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