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NW ILLINOIS | Fetv - 3/24/2026 15:35
And then there’s this. Did u get a call? I didn’t.
https://apple.news/AMSHnU-LjSu29XKMLZBh4nw
I d be somewhat ok with it if it was spent wisely. But it’s not. This Iran war hasn’t yeilded anything but chaos and high fert and gas prices…
40b to Argentina? The list goes on and on. It’s going to keep giving.
Didn't Argentina pay us back with interest?
The first $20 billion swap occurred on Oct. 9, 2025, when the exchange rate was 1,418 pesos per dollar. The second $20 billion swap followed on Oct. 20 at an exchange rate of 1,495 pesos per dollar. By Nov. 12, the rate had moved back to 1,420 pesos per dollar. So, on average, the pesos we got in exchange for the dollars were worth more now than when we bought them. As a result, the U.S. now holds more than $41 billion in value from the original $40 billion, yielding an impressive 2.6% return in just one month.
That gain outperforms the 1.7% return the same funds would have earned in the S&P 500 over the same period.
olf20 / Bob
Edited by olf20 3/25/2026 06:55
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Insolvent
