Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

peppertree

(23,332 posts)
11. True. The heist "worked" because those poor dolts were voting with a gun to their heads
Wed Oct 29, 2025, 06:00 PM
Oct 2025

Bessent and the other Trump cronies who arranged all this, were no doubt instructed by Milei's goons about that very weakness among Argentines: a PTSD-like fear of losing their savings.

And milk it they did.

Some $2 billion worth of Argentine pesos were bought by the U.S. Treasury to prop up Milei. If they were sold overnight - combined with panic-selling in Argentina itself - it would create a 2001-style crash and collapse.

It's no secret down there that the 6-point deficit for Milei's LLAcoalition in election-eve polls, was turned around overnight into a 6-point victory thanks mostly to that very fear:

that Trump would bark an order to Bessent to "dump those pesos!" had LLA lost.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»Argentina's midterm elect...»Reply #11