US ready to help with Argentina's fiscal turmoil

[sergio]

Can't imagine T making a deal like this with his own $

 

[carride]

Hedgefund made the big bets on Argentina bonds, at the low, just hours before Bessent announcement. Part of commodity, stocks and bonds investments he believes will pay off well by 2030.

Citrone’s Hedge Fund Gains Over 20% This Year on Argentine Bets

Rob Citrone, whose Discovery Capital Management returned more than 20% this year, added to bets on Argentine bonds as markets fell in early September.

www.bloomberg.com

Archived:

https://archive.ph/xA8aK

 

[steveinbsas]

With the exchange rate back up over $1.500 to one USD (from a low of $1.339) in a few days, and, as far as I know at this point, Argentina has yet to receive any "bailout" dollars from the US, I can't help but wonder why the Peso just "crashed" again and who might have just "made out like bandits" in currency trading as a result of what "possibly/potentially" might have been a quick profit making "scam" perpetrated at the highest levels of the US government.

Someone please tell me that this is just a conspiratorial theory and the proposed US bailout of Argentina is based on a sincere and altruistic desire by DJT to help a deserving foreign government avoid (further) financial at a cost of $20,000,000,000 to the US taxpayers.

 

[bigbadwolf]

Someone please tell me that this is just a conspiratorial theory and the proposed US bailout of Argentina is based on a sincere and altruistic desire by DJT to help a deserving foreign government avoid (further) financial at a cost of $20,000,000,000 to the US taxpayers.

Nothing Trump or his minions say is worth anything. I'll believe the $20bn when I see it. My guess is that when the time comes to actually fork out the money, Team Trump will find some threadbare excuse for not delivering. In short, it would be wise to bet against the peso.

 

[Warm_breeze]

Nothing Trump or his minions say is worth anything. I'll believe the $20bn when I see it. My guess is that when the time comes to actually fork out the money, Team Trump will find some threadbare excuse for not delivering. In short, it would be wise to bet against the peso.

Bingo

 

[Konner_Long]

With the exchange rate back up over $1.500 to one USD (from a low of $1.339) in a few days, and, as far as I know at this point, Argentina has yet to receive any "bailout" dollars from the US, I can't help but wonder why the Peso just "crashed" again and who might have just "made out like bandits" in currency trading as a result of what "possibly/potentially" might have been a quick profit making "scam" perpetrated at the highest levels of the US government.

Someone please tell me that this is just a conspiratorial theory and the proposed US bailout of Argentina is based on a sincere and altruistic desire by DJT to help a deserving foreign government avoid (further) financial at a cost of $20,000,000,000 to the US taxpayers.

My thoughts exactly... If you look at the Trump regime as a get rich quick scheme, then these things make far more sense.

Incredible corruption is part of the deal. Also, it's a big insider party that none of us are invited to. The words of Carlin become more apt every day.

 

[Ruta Otto]

Nasty talk

All true

 

[carride]

With the exchange rate back up over $1.500 to one USD (from a low of $1.339) in a few days, and, as far as I know at this point, Argentina has yet to receive any "bailout" dollars from the US, I can't help but wonder why the Peso just "crashed" again and who might have just "made out like bandits" in currency trading as a result of what "possibly/potentially" might have been a quick profit making "scam" perpetrated at the highest levels of the US government.

Someone please tell me that this is just a conspiratorial theory and the proposed US bailout of Argentina is based on a sincere and altruistic desire by DJT to help a deserving foreign government avoid (further) financial at a cost of $20,000,000,000 to the US taxpayers.

My understanding from the early announcements when the US Treasury secretary was here, is that the US will buy the USD priced Argentina bonds if the peso depreciates too much. This is outside of direct loans or the 20b swap line. Just simple well funded government USA friends buying as investments, even if it becomes a big loss in future. From the little that I think I understand this would give confidence in those bonds, so they do not sink in price as they did these weeks that synced with the peso depreciation. They are related. As the price of the Bonds stays high, there is more confidence in the related XE market.

 

[steveinbsas]

Incredible corruption is part of the deal. Also, it's a big insider party that none of us are invited to. The words of Carlin become more apt every day.

I subscribe to Jimmy Dore's YouTube channel. This was posted today. The ,z20 billion dollar deal is now twice as bad...and the corruption is contemptible.