Argentina's dollarization - will it work?

[Georgesoros]

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A few countries tried it and failed miserably.
Will the country be worse off or do very well?
I bet The regular guy will not benefit.

[Kadudu]

That new guy ni mdomo tu! He will be in for a big surprise. Making noise is easier than running government and a country's economy.

The dollarization will not work. It has never worked outside the US and will not work in Argentina.

[RV Pundit]

Worth trying; their peso is pretty useless;

[Githunguri]

they elected a mad man check youtube

[Kadudu]

That for sure. Let us hope he will sober up a bit. Otherwise he will not even survive two years.

they elected a mad man check youtube

[Georgesoros]

When he sits down and gets the fact that previous bills are pending, country doesnt produce much, inflation is 140%, he will jump into the antarctica.

[Georgesoros]

I thought that during inflation, too much money chasing too few goods???
Then how can this guy say theres no money.
https://www.reuters.com/world/americas/theres-no-money-argentinas-milei-doubles-down-economic-shock-therapy-2023-11-22/

[Nowayhaha]

Just met an Argentinian driving Uber , he gave a detail situation of the current crisis . I also asked him about Dollarization and he told me the country has major Dollar reserves and they can tap on the bond market. But he still opined it wont solve the situation until the government changes its socialist policies and over taxation .

[Georgesoros]

Told ya. It dollarization not work. Reality has struck.
https://www.yahoo.com/news/more-moderate-milei-embraces-trading-202308294.html

[Kadudu]

Reality is setting in very quickly. The man should watch his back since his fans might eject him from the top faster than he thinks.

Told ya. It dollarization not work. Reality has struck.
https://www.yahoo.com/news/more-moderate-milei-embraces-trading-202308294.html

[gout]

The economic crisis will have political leaders chose whether and how to serve the people who vote them in.

How can the billions of world population be working for the shadowy financial systems. The human cost is just genocidal.

[audacityofhope]

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[Georgesoros]

So what happens next???
Tighten the belt?
https://www.bloomberg.com/news/articles/2023-12-13/milei-s-shock-therapy-already-leaves-investors-craving-more?srnd=premium