저자: Kevin · 외국인
요약 보기
아르헨티나 신임 대통령 Javier Milei의 당선을 다룬다. 밀레이는 페소를 폐기하고 달러화를 도입하고 정부 지출을 대폭 줄이려 하며, 이는 143%대 인플레이션을 잡는 데 도움이 될 수 있다고 본다. 발언자는 이것이 미국 달러의 지위를 강화하는 사례가 될 수 있다고 평가하지만, 장기적으로는 모든 법정화폐가 가치를 잃으므로 기업 지분·부동산 등 실물 자산 보유가 낫다고 말한다. 미국 물가와 빈곤율 등 수치 비교도 함께 제시한다.
다듬은 글
This is a society infected with socialism. We will get rid of the Ministry of Labor, the Ministry of Science and Technology, the Ministry of Education, which is also known as the Ministry of Indoctrination. Political thievery has come to an end.
What would you say if you were paid a thousand dollars, and three months later it was only worth eight hundred dollars? Three months after that, it was only worth six hundred and forty dollars. Three months later, only five hundred and twelve dollars. In other words, in just nine months you have lost half the value of your money. You would probably be pretty angry. You could even choose someone like Javier Milei, who is ready to change Argentina. Or, as Trump says, make Argentina great again by joining the dollar.
In this video, we'll break down what just happened, who was elected in Argentina, and what it means for the US dollar and for Argentina. And keep in mind, this isn't just a warning to the United States about what it means for the US dollar against the BRICS, the currencies of Brazil, Russia, India, China, and South Africa. It is also a warning to those who promote an ideology that Mr. Javier Milei openly opposes. So, in other words, this might come as a bit of a shocking warning to those on the left wing. Fasten your seatbelts.
I think Argentina's big problem is a cultural problem. This is a society infected with socialism. What we need to achieve is to push socialism out of people's heads, and the main promoters of these ideas are politicians. I advise you to look at what Kirchner's statements were; she is considered one of the best. Do you know what they are against? These politicians are against libertarians, because we libertarians are the ones who dare to stand up to politicians and tell them that they are not the solution, that they are the problem.
These politicians are sociopaths who want to make us believe that we are mentally inferior and helpless in everything, because we cannot live without them. But in reality, they can't live without us. In other words, if the country were divided into those who produce and the other side—those ethical politicians, the unions, a whole bunch of parasites—they would drown and die.
Wow, whoever just won the presidential election in Argentina has implications for the United States. This is Javier Milei. He is 53 years old. He just won with 55.8% against 44%. Javier Milei won. Today is November 19. He will take office on December 10 at the inauguration. However, his victory is not surprising, because his opponent was the Minister of Economy.
And let me tell you something about this Minister of Economy. 40% of Argentina's population lives below the poverty line. Argentina has a population of 46 million people, about 15% more than in California. But the country is facing such a level of inflation that the money is worth less than the cost of printing it—less than two tenths of a cent against the US dollar. So, one dollar is worth more than two tenths of a cent in Argentine pesos. The economy is rapidly declining, and the country has over $40 billion in debt that needs to be repaid soon. I have a hunch about how Javier will handle this, but first, before we get into politics or Javier Milei videos, we need to ask ourselves: what does this mean for America?
That's actually why we're making this video on this channel. I also started a separate channel, called Meet Kevin Politics, where we only discuss politics. But this issue is broader, because it is tied to the dollar. Why? Because Javier was the candidate who proposed abandoning the Argentine peso, eliminating the peso, and switching to the dollar. That's right—not to cryptocurrency, not to the currency of Brazil, Venezuela, Uruguay, Paraguay, Ecuador, Mexico, the European Union, the Chinese yuan, or the Japanese yen. No. They chose the dollar. This is logical, because the dollar is, after all, the most powerful currency in the world. It is used as a benchmark, well, at least it was used as a benchmark by China. It is used as a benchmark for oil prices. Oil is traded in dollars, which is why we call it the petrodollar. And while this is useful, even if, frankly, oil were not traded in petrodollars, the dollar would still remain dominant.
However, there is a great fear that the US dollar will be replaced by a currency created by the BRICS: Brazil, Russia, India, China, and South Africa. It is interesting to know that if you look at the global economy and trade with the United States, Brazil, India, and China trade significantly more with America than Russia does. Russia is a big supporter of the BRICS, but Russia and South Africa are America's smallest trading partners. And I'm talking about the time before the invasion of Ukraine, because we obviously imposed sanctions on them. You might think, "Oh, but Kevin, that's natural. Of course, we trade less with them." Well, even before the invasion, we traded with Russia for less than $30 billion. Last year, we traded with China for $756 billion, and with India for over $150 billion. This is orders of magnitude more than the volume of trade we have with Russia.
So I'm very curious about this. Among the enemies—Russia and China, let's just call them enemies for the sake of conversation—the United States is waging, I would say 100%, a proxy war against China, potentially weakening one of the most vocal members of the BRICS. Meanwhile, a very Trumpian candidate, Javier Milei in Argentina, is winning by promising to introduce the dollar in Argentina to stabilize the 143% inflation rate. He promised to cut government spending by more than 15% of GDP, and Donald Trump, as soon as he was elected, wrote on Truth Social: "You will change your country for the better and truly make Argentina great again." Javier Milei promised to bring a chainsaw to public spending, and one of the famous viral clips circulating about him is actually here. Look at this, and I want you to tell me, or just think about it, because I'm going to give my opinion. What candidate in America does this remind you of?
Ministry of Sports and Tourism, let's do this. Culture, away. Ministry of Ecology and Sustainable Development, go away. Ministry of Women, Gender and Diversity, go away. Ministry of Public Works, go away. Even if you resist, the Ministry of Science and Technology, go away. Ministry of Labor, go away. Ministry of Education, go away. Indoctrination, he says. Transport, go away. Healthcare, go away. Social development, gone. The political theater is over. Long live, damn it, freedom.
Oho. I honestly, damn it, yes. Frankly, damn it, yes. That's really Vivek-esque, isn't it? Look, Vivek has an idea: let's get rid of the Department of Education, let's get rid of, you know, the FBI, let's cut the size of government in half. And there are many Americans who support exactly that. There is no doubt that government can be run more effectively. But the difference between America and Argentina is very clear.
We are on, well, with official numbers—okay, let's not resort to conspiracy theories. You could say their numbers are skewed too, so let's put that aside for a moment. Our inflation rate is around 4%. They have about 143%. How many people live below the poverty line? In Argentina, 40% of people live below the poverty line. In the United States, 11.5%. The bottom line is that Argentina and America have completely different economic outcomes and realities. The real median household income in the United States is $73,000 per year. In Argentina, it's $4,300. This means our income is 17 times higher. Yes, of course, everything is more expensive in America, but let's be honest: the standard of living in Argentina is much worse.
While it will be interesting to watch a candidate like Milei come to power in Argentina, and we will see what they can do from December 10th, it is worth remembering that while the problems in America exist, they are not as acute as those experienced in Argentina. And that's probably why you see a candidate with more radical views. But again, many will say, "You know what? This is exactly what America needs." Many now view this candidacy as very similar to Trump. They look at this and say, "What Milei can ultimately achieve will be an example of what we can get under Trump 2.0, because both countries have inflation problems." Both countries have economic problems. Of course, the scale of these problems varies greatly.
Again, I personally find this to be a very exciting and wonderful experiment to strengthen the US dollar. I'm not here to promote the dollar over cryptocurrencies or other alternatives. I think it's all broken anyway, and any fiat currency that has ever existed will eventually depreciate to zero. This always happens. America is simply the most powerful country in the world, and its currency is the least bad of all this paper money. Eventually, it will probably disappear. Let's be frank about this.
Argentina will gain certain benefits from switching to the dollar. By switching to the dollar, they will instantly gain whatever level of confidence they have in American paper money, and immediately gain some price stability, at 2–4%. That's better than 143%. This means that when you come and get a thousand dollars for doing a certain job, after 30 days it's not even worth 900 dollars, because that's roughly how the situation is in Argentina right now, and it's terrible. Remember that an inflation rate of 143% means that $1,000 turns into $800 after 3 months, then $640 after another 3 months, then $512 after another 3 months, and after another 3 months, that is, a year, you are left with only about $410. This is pathetic. It's better to buy an iPad, or if you can afford it, a used iPhone, or bread, than to hold your own country's currency.
So switching to the dollar will not only be a great tool for Argentina, hopefully in terms of stabilization, but it also carries some risk. The risk is that the country will no longer be able to print money. In reality, this means the country will have to balance its budget, which is exactly what people would want from America. But America has the power of the printing press. Argentina will no longer have it if it switches to another currency. They will lose control of the printing press, but they will gain confidence in American currency, as much as possible. This means that perhaps Argentina will be able to achieve greater stability and slowly rebuild, and perhaps at some point in the future, by fighting corruption, it will finally be able to get its own currency back so it can print money again to stimulate growth. Of course, the risk here is the return of inflation.
It's also worth looking at other clips, as this figure is clearly a libertarian. He is very anti-leftist and very much against "woke" ideologies. Here are some snippets so you can see. What madness are we living in? The madness of stupid political correctness. We're essentially saying, "Oh, if you don't recite mantras about trendy socialism, or if you're not 'woke,' then you're cruel. Then you are a threat to democracy. Enough for you, boys." We are about to slide from 140th place in GDP to the largest slum in the world. We will become the biggest slum in the world because of this stupid political correctness.
Listen to this short example of his appearance on another talk show. This person, by the way, used to be a talk show host himself, and he often gave speeches about economics. And, honestly, he was right. I will say this: I believe that Argentina's main problem is a cultural problem. This is a society infected with socialism, and we need to achieve the goal of removing socialism from people's heads. The main promoters of these ideas are politicians. Do you know who the current politicians are opposing? They are against libertarians like him, because we libertarians are the ones who stand up to politicians and say they are not the solution, but the problem. Politicians are sociopaths who want to convince us that we are mentally limited and incapable of anything because we cannot live without them. But in reality, they can't live without us. In other words, if the country were divided into those who work and those others—damned politicians, syndicates, and a bunch of parasites—they would drown and die. So let's divide Argentina into north and south, like in a civil war. Political rats are worthless, he continues to say. To be honest, these are clearly very populist statements, but he is probably 100% right.
So I'm very excited about what's going to happen with this candidacy, and now the presidency in Argentina. Of course, implementation is important, but if it works, it will be a big success for the US dollar. If Argentina can go from 143% inflation to stability thanks to the US dollar, and Argentina can finally overcome corruption, improve government, and stabilize the economy, then the evidence in support of the US dollar will be strong. But don't get me wrong. I still believe that the US dollar will have problems in the long term. I still think that in the long run it is better to own assets such as shares in companies, businesses, and real estate, because I personally fear paper money. But if you're worried that the dollar will soon disappear, the exact opposite is happening right before our eyes. Why not publicize these things you told us about? I greet you now.
Comments 0