HiPlainspilgrim - 10/9/2025 14:22 Just got a news notification that Bessent has finalized the 20 billion dollar currency swap with Argentina. Amazing with the shutdown we still have time to complete this likely giveaway of U.S. taxpayer's money to float a foreign country, that competes for our export markets, but no time to address the catastrophe they have created in U.S. farm country ! Despicable !
Trump is trying to solve a riddle that no one has cracked by wading into the Argentine economy. The International Monetary Fund has provided 23 loan packages to Argentina since 1958, but its economy never fully developed into a mature one. What it developed instead was a reputation as a serial defaulter. Argentina is the largest debtor nation in the IMF, far outpacing even the second on the list: war-torn Ukraine. The IMF extended its latest $20 billion loan to Argentina only five months ago.
Monica de Bolle, an ex-IMF economist now at the Peterson Institute for International Economics, compared the Argentine economy to a sphinx that has devoured macroeconomists for decades. Now the U.S. is in the same position as the IMF: a lender of last resort.
US gov at work for the American Farmer
