this post was submitted on 17 Oct 2025
730 points (98.8% liked)

World News

50399 readers
2476 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Argentina’s libertarian president, Javier Milei, is the lucky winner of $40 billion that Donald Trump managed to conjure from thin air. Less lucky are the Americans who rely on the government programs Trump has gutted to be able to “save” that sum.

top 50 comments
sorted by: hot top controversial new old
[–] BarneyPiccolo@lemmy.today 7 points 14 hours ago

Dems need to tie the money to Argentina directly to the the loss of the Obamacare subsidies - you are losing your health care so Trump can just give away the money to a foreign country who kisses his ass instead.

All Americans on Obamacare will be getting letters before Nov 1 informing them of the enormous increase in their health care premiums, including a LOT of MAGAs. Dems need to drill it home to those MAGAs that the reason they will be paying many times more for health care, or losing it altogether, is because they're money went to Argentina.

Why Argentina? Maybe because Argentina has a strong history of offering sanctuary to Nazis, and Trump is just buying access for when everything inevitably melts down.

[–] Formfiller@lemmy.world 5 points 15 hours ago* (last edited 15 hours ago)

Argentina and Israel have universal healthcare for their citizens….yet we send them billions

[–] prole@lemmy.blahaj.zone 37 points 1 day ago (18 children)

Dude is just draining our economy for personal gain.

I bet half of this (probably why he chose to double it) will be waiting for him in his bunker when he finally has to flee.

[–] BarneyPiccolo@lemmy.today 6 points 14 hours ago (1 children)

He's doing to America, exactly what he did to his casinos. He didn't run them out of business because he was a terrible businessman (even though he is), it was a deliberate strategy: suck out every penny of profit, declare bankruptcy, and stick all of his creditors with the bills. Rinse, and repeat, over and over.

Now he is doing it with America, allowing all of his Psychopathic Oligarchs to loot America until there is nothing left. We see our beautiful country, but they only see a fat, rich, lazy target to be exploited into bankruptcy.

[–] prole@lemmy.blahaj.zone 3 points 14 hours ago (1 children)

Yup, this is what "running America like a business" looks like.

[–] BarneyPiccolo@lemmy.today 2 points 14 hours ago

That's another thing that Dems should be fighting. The government is NOT a business, and shouldn't be run like one. The government is far larger than ALL businesses combined, and is tasked with regulating those corporations, and the business environment. Running a business, and running America, require two totally separate skill sets, which both require specialized training.

The problem is that businessmen become successful, and when you're a hammer, everything looks like a nail. So they start to think that the answer to America's problems is to apply proven business strategies, and then they get confused when it never works out. Profit should not be a nation's objective.

That's a primary reason that I automatically reject any billionaire, or even multi-millionaire, candidate. Even if their heart is in the right place (which it seldom is with Oligarchs), their policy concepts are flawed by their insistence on their adherence to profit strategies.

The bottom line is that America does not exist to make a profit.

load more comments (17 replies)
[–] melsaskca@lemmy.ca 18 points 1 day ago

That little guy with the hair beside trump was on stage at one of Elon Musk's "rallies" not too long ago. Something smells like rotten fish here.

[–] fittedsyllabi@lemmy.world 24 points 1 day ago (1 children)

Argentina, isn’t that where all the Nazis fled to after the Second World War?

Trump needs a plan b

[–] hansolo@lemmy.today 135 points 2 days ago

Hey. Hey.

Y'all remember when he closed USAID for sending too much taxpayer money overseas?

USAID's budget was fucking $44 billion to work in 130 counties.

Now T is sending that all to one guy. Literally one guy.

[–] frustrated_phagocytosis@fedia.io 143 points 2 days ago (4 children)

In other words, our taxes now pay for health care for Argentinians, not Americans. Despite the fact that they are claiming the current shutdown is because they don't want our taxes paying for non-Americans getting health care. Make it make sense.

[–] Resonosity@lemmy.dbzer0.com 3 points 16 hours ago

Israel gets free health care too!

[–] kinsnik@lemmy.world 51 points 2 days ago* (last edited 2 days ago) (1 children)

oh, this is not to pay for health care. it is to sustain the carry trade scam that both the american and argentinan goverment are involved in.

[–] Rentlar@lemmy.ca 41 points 2 days ago (1 children)

So more like "wealthcare" than healthcare.

[–] mcv@lemmy.zip 23 points 2 days ago (1 children)

I'm appalled I haven't heard the word wealthcare before.

load more comments (1 replies)
[–] Katrisia@lemmy.today 33 points 2 days ago* (last edited 2 days ago) (1 children)

Healthcare for Argentina? Milei is destroying public welfare. That's for other oligarchs. $40B in exchange of... Well, Milei is acting unhinged and won't explain, but probably lands, water, lithium. Trump bought something, we just don't know what yet.

[–] hitmyspot@aussie.zone 14 points 2 days ago

It could also be partly to help keep him in power, as Argentina collapsing, again, under libertarianism makes their attempts at libertarianism harder to justify. They'd still lie about it, so I agree there is an ulterior motive, that personally benefits Trump or his cronies.

[–] NigelFrobisher@aussie.zone 14 points 2 days ago

Don’t cry for me Argentina, I’m already dead.

[–] mrmanager@lemmy.today 6 points 1 day ago* (last edited 1 day ago)

Totally random, nothing going on here..

[–] reddifuge@lemmy.world 18 points 2 days ago (2 children)

Well they have to flee somewhere when shit hits the fan.

[–] NauticalNoodle@lemmy.ml 8 points 2 days ago (1 children)

I'm surprised i didn't think of this but that does sound exactly like what they're doing.

[–] IndustryStandard@lemmy.world 5 points 1 day ago

Or slushing money away through corrupt channels and pocketing it themselves.

[–] explodicle@sh.itjust.works 8 points 2 days ago

Bush Doctrine says we follow them to finish the job this time.

[–] ordnance_qf_17_pounder@reddthat.com 43 points 2 days ago (1 children)

America first? More like Argentina and Israel first

[–] Siegfried@lemmy.world 3 points 1 day ago

If it helps, here in Argentina, Mr Milei is all in for Israel first

this is what election interference looks like

[–] venusaur@lemmy.world 23 points 2 days ago (4 children)

Can somebody please clarify the actual transaction here? We’re not simply giving Argentina this money. It’s a swap or a loan, right? Who know if/when they’ll pay it back, but I think it should be clarified.

[–] Buelldozer@lemmy.today 18 points 2 days ago

Hell we don't even know where the money is coming from (our Government is shut down right now, remember?) let alone what form the transfer will take.

[–] starrysonics@lemmy.today 15 points 2 days ago* (last edited 2 days ago) (2 children)

So, I haven't been getting any answer here myself but in general here's what has been happening.

Aregentina's...idk president? Has been cutting their social program funding and regulation for the last year or two. It's wildly unpopular in his country.

Those cuts in regulation inflated their currency value for a bit but it was temporary.

Now, Aregentina is coming up on an election and the president is at risk of loosing and having his policies reversed.

So this money...it's not actually going anywhere or for anything specific. It's a currency swap. We are kind of giving them a loan. Just giving them money.

Because. Again. The Argentinian President cut tons of stuff and artificially inflated his currency with deregulation.

So Trump sending him money is like a bandaid to get him through his election.

He can point to this influx to show that "his policies are working." They're not. Argentina has had unstable currency for ages.

He's stealing from Peter to pay Paul.

But this is complicated money science and I can't explain in technical terms but that is the jist of it.

I mean, it could work. Javier Milei, The Argentinian President, is trying to get external investors to pump money into he economy so, if nothing else Trump giving him this money signals that he has America's support.

Argentinia also just had a big win with soybean contracts and China.

But in the short term he's essentially doubling down using a loan from his American pal.

load more comments (2 replies)
[–] sparky@lemmy.federate.cc 10 points 2 days ago (1 children)

It’s a currency swap. Basically, we give them dollars and they give us pesos. Eventually, they could theoretically be swapped back.

Holding dollars is good for them because it shows foreign investors’ confidence in their economy, and allows them to shore up the peso if necessary by using dollars to prop it up through central bank buybacks.

Holding pesos is a high risk for us because the inflation rate has historically been extremely high. $1 US was like 300 pesos five years ago, and it’s more like 1500 today. So if we swap them back down the road, we will probably lose money, since we swapped dollars at $1 = 1500 pesos, but may swap back later at $1 = 2000+ pesos.

In a way it’s like we gave them an interest free loan. Or actually: more like we gave them a loan with a negative interest rate. Because we likely lose money the longer they hold it.

Why would we do this? Because Milei says lots of nice things about the orange man on TV.

load more comments (1 replies)
load more comments (1 replies)
[–] the_q@lemmy.zip 17 points 2 days ago

Huh. I guess our tax dollars are going to pay for non citizen's healthcare.

[–] TheReanuKeeves@lemmy.world 17 points 2 days ago* (last edited 2 days ago)

Buddy really went to his barber and asked for the 1960's psychedelic rock cut

load more comments
view more: next ›