Argentina has a new President

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  • indiucky

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    As many of you know my in laws all live in Argentina...My MIL moved back after she retired and my wife, (like fellow Hoosier Kat Von D) is the daughter of Argentine immigrants raised in L.A.

    It's been very, very bad down there...my wife's cousin has a small bodega in Buenos Aires that does currency exchange and sells sewing notions and such....the prices and exchange rate could sometime change in the course of a day...crime is through the roof and being robbed is sort of a regular tthing....my MIL is doing fine but only because she's got an income from the US from her retirement....

    They are excited but nervous....Argentines have trouble with change, so the fact that they voted Javier tells you they are up against the wall and are willing to see what he can do....My MIL and her friends have went from trepidation to now a sort of excitement with a touch of pride....I remember she told me a while back, "he waves around that same flag you have hanging up in the garage with the rattlesnake...I knew you'd like him"

    My MIL says his Secretary of State is very well liked and is brilliant...loved by every one in Argentina....
     

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    BigMoose

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    Wow it is bad. I just looked at the state of the Argentine armed forces.

    They have no active Submarines, The old Carrier they had is a distant memory.

    They have 3 destroyers. A few small frigates. The only amphibious ship is an older converted destroyer.. which hasn't sailed in years. All the ships are in a low state of readiness due to budget.

    They still maintain a "notational" Fleet air arm (even without a carrier), but its limited to a few King Airs..
    The infamous Super Etentards are all non operational.

    The country lacks any and all modern combat jets.. still using A-4s left over from the last war.

    The Army is the strongest force.. its not terrible. But there really isn't any means to get them to the islands.

    Still, its clear that Argentina poses zero threat to anything the UK has. The Argentine armed forces are a mere shell of there former selves, outside maybe the Army.
    Particularly since the UK keeps a lot more armed forces already in the Falklands then pre 1982.

    Likely the UK wouldn't even need to send an expeditionary force like in 1982.. what is there is more then a match then what the Argentines have left.
     

    Alamo

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    Wow it is bad. I just looked at the state of the Argentine armed forces.

    They have no active Submarines, The old Carrier they had is a distant memory.

    They have 3 destroyers. A few small frigates. The only amphibious ship is an older converted destroyer.. which hasn't sailed in years. All the ships are in a low state of readiness due to budget.

    They still maintain a "notational" Fleet air arm (even without a carrier), but its limited to a few King Airs..
    The infamous Super Etentards are all non operational.

    The country lacks any and all modern combat jets.. still using A-4s left over from the last war.

    The Army is the strongest force.. its not terrible. But there really isn't any means to get them to the islands.

    Still, its clear that Argentina poses zero threat to anything the UK has. The Argentine armed forces are a mere shell of there former selves, outside maybe the Army.
    Particularly since the UK keeps a lot more armed forces already in the Falklands then pre 1982.

    Likely the UK wouldn't even need to send an expeditionary force like in 1982.. what is there is more then a match then what the Argentines have left.
    This is because their economy is a shambles. If Milei releases the economy, restores rights, ****cans all the social ministries, and avoids the temptation to divert $ to his own retirement, then they will be able to afford to fix their military.

    And yeah, given the direction that the UK is traveling, I would not find myself getting worked up over a few islands off the coast of Argentina.
     

    xwing

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    I was just in Argentina earlier this month and have friends there. They are cautiously optimistic about Javier Milei. One major problem though is their legislature, which is highly fractured and where the socialists and other left parties have quite a bit of power. Javier cannot enact most of the larger changes without legislative approval. Javier has a lot of great ideas, and I really hope he's able to accomplish his main objectives. Argentina is a fantastic country who has suffered through several terrible governments. Javier's move to immediately devalue the currency was the right one (for now). When I was there, the official rate was 370ARS to 1USD. However, the "unofficial" (real) rate topped 1000ARS to 1 USD. It was crazy.

    And Argentina is taking a more realistic track on the Falkland Islands, although they very much consider the Malvinas part of their country. After the disastrous Falkland Island war of the 1980s, the plan has been to win them back through diplomatic means only. Britian has stated before they would be amenable to negotiating if popular sentiment of Falkland Island citizens was to turn in that direction. Of course, with Argentina's difficult challenges, the status quo is the strong preference.
     

    actaeon277

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    Britian has stated before they would be amenable to negotiating if popular sentiment of Falkland Island citizens was to turn in that direction. Of course, with Argentina's difficult challenges, the status quo is the strong preference.
    That's a strong sticking point.

    Hey, we'd let them go, but they consider themselves citizens of the Crown. And don't like the way you treat them, so they keep demanding their right of being defended by the Crown.
     

    xwing

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    So moving from a currency in ashes to one on fire.
    Not quite. While any fiat currency is fiat currency (with all the trouble and devaluation that brings), there are immense relative differences. We complain about 10% inflation while they have > 100% inflation. If Milei is successful in making the US Dollar the official currency of Argentina, it will cause some short term pain but some immense long-term benefits. It has the potential to turn their economy around. The life savings of most middle-class Argentinians is literally stacks of $100 bills in safe deposit boxes and hidden locations.
     

    Kirk Freeman

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    indiucky

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    I have friends in Argentina. There is a thread of Argentina gun laws by me on INGO.

    Licenses=bribes.




    Laurita and I were talking to an outfitter at the NRA show in Louisville....wife and outfitter's "Argentine Hostess" began chatting up in Castilian espanol and got it to where I could tag on to a dove hunt if we ever got down there for $100 per day (much to the chagrin of her gringo outfitter boyfriend)....MIL lives about 2 hours from the estancia they hunt...the $100 was to cover "use of Beretta A 303 and shells".....I asked her about bringing my own escopeta side x side and she said, "It would be confiscated by the police before you got here...I know the road from Sante Fe to here..." I said, "oh no ma'am...I would have all of the paperwork.." and she just laughed....."It's not about paperwork....It's about a $1500 shotgun..."

    She said they no longer recommend their clients bring their own guns....not worth it...this was about 10 years ago or so but I can not imagine it having changed....
     
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    indiucky

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    I was just in Argentina earlier this month and have friends there. They are cautiously optimistic about Javier Milei.


    ^^^^^this^^^^^

    My wife's parents left in the 1960s.....her father grew up on a huge estancia in Cordoba....at some point in the late 50s they went from very well off to dirt poor....MIL moved back about 15 years ago after she retired....I don't know the exact circumstances behind the loss of the ranch....My wife, a couple of visits ago, made the drive to their old home place and it's abandoned...the only building still being used was the small chapel her great grandfather had built back in the 1920s so the gauchos and their families could attend mass on the estancia.....

    MIL is nearing 80 and has seen the ups and downs of her native country....cautiously optimistic seems to be the feeling of her generation....MIL is granddaughter of Italian immigrants...My FIL's family has been there (Cordoba) since the 1700s .....
     

    Alamo

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    "This is worse than Thatcher!"
    Since this lefty is ranting about Milei's deregulation frenzy, I am guessing he's referring to Thatcher's economic policy, not her foreign policy, but either way... lol.

     

    Tombs

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    I don't think this is going to end up with the economic outcome people are hoping for.

    What broke the country was corruptly signing away resource rights to international corporations with no strings attached. So the country was quickly looted and spiraled into everyone begging for government handouts because there was no economy left to partake in.

    Unless he takes back those rights, which would be ideologically in opposition to his beliefs, things are going to keep getting worse.
     
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