He has populist vices. and of course, all his policies will be fought in Congress, by justice and in the streets. One thing was the campaign showman and another was facing the reality of governing.
This is called American democracy! These politicians can get a lot of votes by saying good things and giving some prizes. Ordinary voters happily wait for a vote every few years, naively thinking that their votes can really improve the country. Choose an agent from several chaebols. Their first goal in winning the election is not to make ordinary people's lives better, but to fill the pockets of the chaebols behind them. Finally, everyone must understand that the United States is not strong because of its system, but because it is strong, its system is strong.
Decades ago, when China began its economic reforms and opened its doors, Western products flooded into China like a tide. However, the Chinese people did not complain. Instead, they worked hard and humbly learned, which is the right way to go. Now, some Western countries that are failing blame their misfortunes on China, which is a sign of weakness, especially in the case of the United States. The once confident America has now turned into a resentful and insecure nation.
US pulled many of its investors and its manufacturing out of china and worked towards other SE Asian countries since CNA military has caused significant problems towards its neighboring countries.
when china was poor and weak, many western nations mocked and laughed at china. when china rich & powerful, those same nations are now mad & upset with china. funny how this world works, huh?
too late. china already cancel the swap currency policy. now miley can travel the world to find another country who willing to swap with their degraded peso
@@DBGE001 Yes. China welcomes everyone who wants to trade and do business but will not tolerate if someone keeps saying biased bad things about them and then expect some good returns and deals at the same time.
Politicians should realise, in this era it is hard to completely decouple from any country, let alone China. They should be better policymakers, if you feel you are being robbed off or being treated unfairly, create better policies that benefits your country.
Talking is much easier than actually doing it. China doesn't really need Argentina as what the west or pro western supporters are trying to project it. Preferred but not a necessity nor critical to BRI and China.
Argentina did not say that it was going to cut off trade with China, it said that companies would be free to do so but that from the government, Argentina was not going to be a political ally of China, are many interviews
China has never bee communist. It was a dictatorship the a democracy then again a dictatorship. Get on with the effing times communism died with the ussr. Goose stepping on the other hand is back in fashion everywhere.
It is difficult for China to maintain long-term cooperation with such a capricious government. This is a shortcoming of the Western democratic system. Politicians lie for votes, irresponsible, and run away when they make enough.
@@ordinaryhuman2511 the US today has less economic freedom than China, it fabricates trade barriers to prevent chinese products to enter the country. Does that make the US a communist country?
@@ordinaryhuman2511 Call them a one-party state, but in reality, it is merely a parliament composed of people from all walks of life. Everyone swears to service the country to the best of their abilities. They don't have divisions of liberal or conservative. They are successful because they are focused on what is best for the country, not party politics.
Currently CN investment is really bad its stock has crashed its housing is in critical issue its unemployment has skyrocketing its a lose lose situation
I'm from Argentina. So far in less than three weeks Milei has: devalued our currency by 50% in a single day, made protests illegal (you have to ask permission to the government or face jail), destroyed pensioners, tried to pass a draconian executive order, tried removing the law forbidding foreign capitals from buying massive amounts of land, is trying to sell all state owned enterprises (even the ones that give a lot of revenue to the state such as the Vaca Muerta gas fields), want to sell most natural resources to foreign bidders. He's going to finally kill this country.
Your currency was already worthless and being used as wallpaper because it was cheaper than actual wallpaper, in fact this is what Milei campaigned on, you will eventually drop it entirely as is the case in any other country facing hyperinflation Protests aren't illegal at all, and the idea of doing it in orderly fashion is in accordance to the lawful principles of most nations, you're never allowed to block roads in any country whilst protesting and can be arrested for that in any country. Why this was different in Argentina until now i have no idea. The reductions in public spending are an internationally recognized necessity as Argentina's state had been spending well above it's means for decades. Again it's something Milei campaigned on.
Most of Argentina lands and resources are in the hand of American, it's the time to repossess them from the US and return the land to Argentinian. Worst of all, Argentina is debt trapped by American. There's no way it can repay its massive debts to America. That explains why Argentina has all the land and resources but remains poor.
@@TheKkpop1 Not true, looked it up and this is what i got: "More than half of Argentina's debt with the Paris Club is concentrated in two countries: Germany (37 per cent) and Japan (22 per cent). Further behind are the Netherlands (almost 8 per cent), Spain (6.68 per cent), Italy (6.29 per cent) and the United States (6.28 per cent)" The other largest creditors are private creditors and the IMF, so from what i found it owes far more money to Japan and Germany than it does to the USA and far more money to the IMF than to either of those countries. Unless your argument is that the IMF is the USA in disguise the USA doesn't hold a lot of argentine debt at all, which is good because the odds Argentina can pay it are low so it wouldn't be good to be holding it
The question should be, can Argentina get a better deal from the US by cutting off China? And Brazil? These are Argentina's biggest trading partners based on the latest available info.....Brazil(11.2B), China(5.93B), US(4.55B), India(4.19B) and Chile (3,93B) . But the numbers alone belied a very important fact. Trade with China is growing exponentially. It is getting favorable trade concessions and most important of all, China set no condition for trading unlike the US whose main intention is to get rid of China.
It is very much so.The " new right" which is old far right is a recepy. Trump hates China, Bolsonaro hates China, Milei hates China.Whtmy? Don't know but orders comes from abroad.
No they cant. The US has no interest in buying what Argentina has to Sell. At least not in the scale that China has
10 หลายเดือนก่อน +12
The key is what kind of beef, mutton, milk or wheat can Argentina sell to the United States? The United States has all of these, even in abundance, but China lacks them. The United States is essentially Argentina's competitive partner. If Argentina gives up trade with China, it will not have any impact on China. Instead, many American companies will take advantage of the gap to fill the market gap. The United States is playing this game More than once with one hand
Never talk tough to the person who helps you when you are in difficult times. If you want to align with US, that is fine. But why would you talk tough to China? China is here to help and yes it wants to trade too. But fundamentally China is a power that could continue helping you and hopefully continue trading with you. That is a good relationship. You really don't need to burn the bridge simply because you want to pledge allegiance to USA. It shows character.
look around the world, he suddenly find out China is the only country willing to help with a lowest cost. But I dont know China is still willing to help since as Milei's plan, Argentina money will become worthless soon enough.
I hope the Chinese do not allow Argentina to return to BRICS, and remember how enthusiastically the Argentinians voted for him and his anti-China policies.
Argentina's economy at its current state, with a huge amount of debt defaults and its politics are constantly jumping from one side to another, i doubt there can be any benefit from having Argentina back since they've lost all their credibility.
4:20 Why do you have to say China is trying to build a sphere of influence? BRI is a trading network. Each partner is independent. How is that a sphere of influence ???
Absolutely. China doesnot impose it's Ideology to others. Or to tell other country who you can trade or make friend. Just look at G7. I hope china stay this way as it grow bigger.
China is trying to build sphere of influence whether using BRI or some other method. It isnt wrong as that is just plain politics. You want other countries to abide by the 1 China policy, oppose US sanction, encourage other countriest to use Chinese tech firm such Hwawei, HSR, etc. One thing China doesnt do is intervene in internal conflict or regime change.
Because geopolitical experts are more reliable than youtube comments that defend dictatorships, endebting countries and building ports and military bases in countries as a payment of debt is an example of establishing a sphere of influence, most call it neo-colonialism
No it's not. The only reason why they want the loans in the first place is because they are being fiscally irresponsible. Argentinian spends too much such as on subsidies and their central bank prints money to finance this large deficit which is a big reason why their inflation is high. So if they were fiscally responsible, they wouldn't need IMF loans as they wouldn't be on the verge of defaulting because they would be fiscally responsible.
@@IEtoileFilanteI And the reason they get them loans is to bail them out because they spend too much and have high deficits. Why should the interest on the loan be cheap when you know you are lending money to someone who is obviously fiscally irresponsible? The whole point of the IMF is to be a lender of last resort, it ain't charity. If you don't want to pay high interest on bail out loans... they make sure you don't put yourself in a situation where you need to be bailed out.
@@ecnalms851They are just paying interest only, IMF is there to make money out of the Argentina’s taxpayers. They have done the same with every Latin American country. They only pay their interest on their debt. In politics there aren’t any friends only interest.
@@ecnalms851 Argentina has tried before privatizations, cutting public speding, dollarizing the economy many times before. What Milei represents is just a radicalization of past policies. How is this supposed to work know by penalizing the poor while living the super rich and political elite untouched? Their increased spending is a consequence of this and not the cause. Reagan increased public spending on the military budget by billions, countries such as Japan have high rates of public internal debt and they just dont go broken.
I am Indonesian, my current president once said "if you want to be a developed country, East Asia can be an example and never follow the way used by South American countries" now I realize which country he is referring to. I mean this guy is fawning on America and the west to get them to invest heavily in Argentina with the current geopolitical and geoeconomic conditions? Did he forget America is a rich country by opening up the stock market? I mean American government itself is not even capable of helping homeless, drug addicted, mass shootings, shoplifting.. because yes the one who runs the country is not its government, but the rich oligarchs who don't care about it. I'm not even sure of his title as an economist if that's the basic thing he doesn't know.
@@JCSY1 to be clear: I hate leftish /woke ideology and I hate it when everything is capitalized and privatization. Making friends with all other countries for the benefit of one's own country is much better. and yaa is in the "central". I'm happy when he simplifies the existing ministry, but spitting on a neighboring country (Brazil) by calling it communist and arrogantly distancing himself from the country that will become a superpower (China) is not wise.
@@bimantaraadityanugraha Yes. Peace, discussion and communication is the key. Without peace, there can be no real beneficial 2 way trade and economy. China is already the biggest trade/economic country in terms of GDP PPP and is the number 1 world's manufacturing superpower. What is the US producing currently ? Nothing really, except for a few items here and there and their costs and pricing is way too expensive and unaffordable nor attractive to almost everyone else. The US is only leading in financial systems and some tech areas which China will soon surpass them. Every country should look for peace and stability and work closely with China for better trade and economic prospects. I believe China is very open to any discussion or negotiations except on Taiwan issue. China is even open to some negotiations and discussions on South China Sea issues but it will take some time to sort this out.
@@seowkhoontan9534 Very true indeed. Very soon and very likely, he will be forced to U Turn on his words. What can the US really do for Argentina ? Nothing much except provide and sell weapons and military stuffs.
USA just wanted to kick China out from Argentina and kill two birds at the same time. There's no doubt that the CIA hired Melei. Melei has also created termoil with the Mexican president, so Mexico responded with "OK, we'll stop shipping resources to your country and pay us the billions you owe us." Argentina, "we don't have money and we need those resources.. :(" Mexico, "that's not our problem.. You should of thought about it before insulting Mexico and it's people"
Milei is still dreaming and playing politics but the true reality will hit him very soon if not already. China has already started to prepare to pull back certain projects or co-operation with Argentina.
@@stvdmc2011 it's not guaranteed but that's what economic shock therapy intends to do. Tough reforms at first in order to bring middle and long term prosperity.
Imagine if Argentina political leaders adopted China's political leadership style who are capable, pragmatic, intelligent,grand visionary and the best problem solvers in the universe.
We, the Hispanic world, invented the Libertarianism in The School of Salamanca. And We are returning to our ideas. We don't negotiate our values. 🇯🇪🛡️💪 Hispanic World Strong.
It's not about comunism !!! Comunism is dead !!! It's about autocracy vs democracy !!! Democracy is the door the west control and put the clown or comedian leader !!! 😁
China will work with Argentina ..bec the Chinese are not emotional , they play this the long term .. to have an allie in the the AMS region is very iomportant
@@alanccvoo China already cancelled a US$6.5 billion currency swap agreement with Argentina. Argentina is just like Philippines. China always learned from history and experience. "No compromises , No concessions" 🇨🇳
😂😂😂the little boy is now kneeling ? I was just laughing at the nonsense he was saying during his campaign and post election victory he is definitely not an individual with standards just a big mouth that's all
It is not that easy to get out of the BRI, there are certain contract conditions that require the host country to payback China on infrastructure costs spent. So if you are part of the BRI, you pay almost no interest on the loans but if you decide to leave, then higher interest rates apply and you won't get the free Chinese expertise to problem-solve or the supply chains that comes with it.
He is not a liar really, he is already doing some of what he wants to do such as reducing government spending like getting rid of industries. With regards to foreign relations he probably kinda has to be quite strong on anti-comme rhetoric in order to gain a certain voter base but when he is in office he knows that a big part of foreign relations is being pragmatic. China is 2nd biggest economy in the world so obviously he is not going to completely ignore/cut ties with China
@@ecnalms851he already insulted China left and right before and after winning, thats why China cut their geopolitic and economic deals with Argentina, now he goes back crying
@@bockscar1How did China become the world's most populous country? As far as I know, they have always implemented a one child policy. I checked and found that from the founding of China in 1949 to the death of Mao Zedong, the population of China has grown from 500 million to 900 million. No country in the world will suddenly double its population within a year. How did they become the world's most populous country. Why do your comments always have a huge gap from reality.
@user-dw6dr2on6o why don't you look at history of Great famine of CN 1959 to 1962 and cultural revolution 1963 to 1975? Maybe you will then see the reality?
@user-dw6dr2on6o recently your PM Le Keqiang stated 600 million ppl currently barely making 1000 yuan RMB per month which is equivalent to 4 USD a day which is almost half of your population in poverty is he lying?
@@bockscar1 During the four years from 1959 to 1962, a total of 55 million people died and nearly 10 million people died each year. Isn't this normal data for a country with a population of 600 million? The data may be higher than other years, but it is also far below the significant population shrinkage caused by wars and epidemics in human history. If these data were taken from poor countries in Africa or South America in 2023, it would be considered good. In world history, it is common for countries to lose half of their population due to a war. You also said that China was in a period of great famine, which was not suitable for a poor country。 In the past three years, the United States has had the highest medical technology in the world, but has not been able to prevent millions of people from dying from the pandemic. Are we going to put Biden on the gallows.
Only way they can get out of austerity is to refinance those high interest IMF loans and increase their exports by a lot. If your country has nothing of value that other countries want, you're gonna be poor.
After checking Argentina’s broad money total, my students and I simply estimated that achieving dollarization would require a long-term low-interest borrowing of about US$90 billion. If the economic agreement with the Chinese government is severed, an additional US$20 billion would be needed. I guess Milei wanted the US to pay for it all, unfortunately it didn't work out. Maybe there will be changes next year if Trump is elected? Who knows.
Yes, if TRUMP wins, Milei will get what he wants, and he will support TRUMPAMERICA in the AMERICAS. I hope Trump wins. In fact, I believe the next POTUS will be Trump.
Milei finally feel & realize the harsh reality not his rhetorics! If he's not so careful & wise he would be overthrown soon by the people who voted him! 😅
Populist leaders have only one slogan and that is we have some how EU ancestry and therefore out of nostalgia lets get in bed with Europe again. But the matter of fact is that Argentina is not in EU and has had a war with UK in the past. Its only way forward is to look what's best for them and deciding what's best based on skin color is not one of them.
China even supported Argentina's claim of the Falkland Islands against the Brits. China has done enough, it doesn't have to do anything to begin with. It's best that China and BRICS stay far away from Argentina as possible. It's a liability for everyone. Argentina chose its dance partner to do the Tango with, hopefully the US will do a better job in leading them.
He declared during the campaign that he is in favor of USA, Israel, and Ukraine in geopolitical sense only. Private business are free to trade with whatever country they want.
@@IVIunefree trade for independent business, not goverment stuff, thats why he is crying now because China is cutting business with Argentina in geopolitic level
Yep oldest dam trick. But the new trick is fixing the election before it even happens by quashing any person that does not fit the special interest mold. That is what is going on now.
Argentina did not say that it was going to cut off trade with China, it said that companies would be free to do so but that from the government, Argentina was not going to be a political ally of China
milei begging 🐉🐉🐉 weathl ,,without money exchange goods ,,milei will go to stone cave ... like morrisson 🦘🦘 plays outside there hands.. his master usa begging loan from 🐉🐉🐉
He said he will cut ties with China and it wouldn't affect trading and other economical relations with that country. It's obvious that China think differently and aren't amuse by his intention.
It is so similar to Australia in the past. While making money from you, it will constantly insult you, humiliate you, and disgust you. . . Haha, even if you are a small grocery store owner, you should know to treat your customers better.
Milei is new and learning what foreign politics is all about. Never have any enemies unless your understand the consequences ànd can accept the outcomes. 😅😅😅
agree. Looks communist to me when he & his team decided these austerity drives & other measures without going to the vote for consensus...so where is the democracy??
Milei is merely playing the political game. Since he could not get financial support from US, he decided to return to China. He is what we called "pariah dog".😂
I think this guy needs time to deliver in reality. There are no quick solutions. Very Importantly hes doing something about it! There is to much of a socialitic stance in the economy that is causing a run on their currency. They need to increase imports to increase jobs, and the only way is to de-regulate, but maintain taxes on business and companies. Allow business to access more credit for expansions.
He is good for Argentina in that he is the opposite of what has been killing Argentina for decades. I'm just afraid short sighted detractors will see the immediate pains of his responsible economic policies as an excuse to remove him as soon as he tries buying back Argentinian currency.
He abolished 9 out of the 18 ministries. Reduced the size of government by 50%. Massive 300 deregulations by removing repealing restrictive laws. Got the currency closer to its actual market value.
@@NaSaSh1087I didn’t know decreasing the value of your coin/dollar was a good thing 😂 poor Argentinians, you’re in for a wild ride (Argentina will be gone by the end of 2024 lol)
Milei finding that actual governing is a lot more difficult than spewing nonsensical campaign slogans
He has populist vices. and of course, all his policies will be fought in Congress, by justice and in the streets. One thing was the campaign showman and another was facing the reality of governing.
You're speaking as if no other politician does that when that's their prime job.
@@otashigohe didn't say that, you're projecting
The Milei government won't make deals with China, and promotes free trade, so its always been a lie that there won't be ties between Arg and China
This is called American democracy! These politicians can get a lot of votes by saying good things and giving some prizes. Ordinary voters happily wait for a vote every few years, naively thinking that their votes can really improve the country. Choose an agent from several chaebols. Their first goal in winning the election is not to make ordinary people's lives better, but to fill the pockets of the chaebols behind them. Finally, everyone must understand that the United States is not strong because of its system, but because it is strong, its system is strong.
Decades ago, when China began its economic reforms and opened its doors, Western products flooded into China like a tide. However, the Chinese people did not complain. Instead, they worked hard and humbly learned, which is the right way to go. Now, some Western countries that are failing blame their misfortunes on China, which is a sign of weakness, especially in the case of the United States. The once confident America has now turned into a resentful and insecure nation.
Too much USD laundering inside out of the US is the main culprit
US pulled many of its investors and its manufacturing out of china and worked towards other SE Asian countries since CNA military has caused significant problems towards its neighboring countries.
china is the future...
100% true comment & so well said!
when china was poor and weak, many western nations mocked and laughed at china. when china rich & powerful, those same nations are now mad & upset with china. funny how this world works, huh?
Milei is an extremely entertaining person, unless you are an Argentinian.
It's Friday the 13th when he chainsaw the Argentina economy.
we're fckd
then why did you vote for him? Fernandez destroyed your economy
Totally agree, see what happened to Ukraine? Zelensky is also a highly entertaining star, but falling star? Out shinning now may be
Argentinian Logan.
A wolverine
too late. china already cancel the swap currency policy. now miley can travel the world to find another country who willing to swap with their degraded peso
Spot on. Starting of a very very hard fall. Let him learn the hard way. More will come if China stops trading or buying less from Argentina.
amen & well said.
It's a wake up call that the PRC sends to Argentina, not a goodbye.
@@DBGE001 Yes. China welcomes everyone who wants to trade and do business but will not tolerate if someone keeps saying biased bad things about them and then expect some good returns and deals at the same time.
On the contrary, Argentina will be booming very soon as venture capital flows in
Politicians should realise, in this era it is hard to completely decouple from any country, let alone China. They should be better policymakers, if you feel you are being robbed off or being treated unfairly, create better policies that benefits your country.
It is possible to decouple economies from China! I support Milei.
Talking is much easier than actually doing it. China doesn't really need Argentina as what the west or pro western supporters are trying to project it. Preferred but not a necessity nor critical to BRI and China.
It's impossible to decouple from the world's factory
Exactly.
@@eugeniogibson172it is but it will be painful !! The US is actually avoiding it at all cost. Trump also knew it was not possible.
Who knew a politician will change the tune after winning?!
I knew he was weak and had China in his pocket
Who who ? I dont even know one 😂
The democratic election is indeed a competition of hoaxes.
Biden: me
Argentina loves this populist president who doesn't need to know what is economic.
😂 A country which is in inflation threatens to cut ties with a trading partner.
🤣🤣🤣
Exactly! And for what exactly? Just rhetoric. I don't even know who it is meant to please. Maybe the US government. 😂
coming from Euroland, that's trying to break its own dependency on China,... that's hypocritical rich.... 🤣🤣🤣
Not one, but the 2 BIGGEST trading partners. Well, to his credit, he never claimed to be sane.
Argentina did not say that it was going to cut off trade with China, it said that companies would be free to do so but that from the government, Argentina was not going to be a political ally of China, are many interviews
Milei "we are anti-communists. But we rely on Communists money, investment, market and technology. " 😂
who knew in 2023 we'd be talking about money, investment, and markets of the "communist" variety.
@@abody499we know it for close to half a century already.
@asdrubalanibal6853 know what? It's an oxymoron.
So is the United States
China has never bee communist. It was a dictatorship the a democracy then again a dictatorship. Get on with the effing times communism died with the ussr. Goose stepping on the other hand is back in fashion everywhere.
It is difficult for China to maintain long-term cooperation with such a capricious government. This is a shortcoming of the Western democratic system. Politicians lie for votes, irresponsible, and run away when they make enough.
I am Argie, and I think it is time to scrap our TOXIC relationship with China!
Very different from authoritarian systems where corrupt politicians simply remain where they are and continue to steal.
True. They campaign lies and people eat it up everytime
softening trade with china?, i think china will just cut it off
Yeh cause the Chinese dictatorial system is just dandy..
China can do without Argentina, the question is can Argentina do without China. The U.S won't build any infrastructure for Argentina.
Argentina does NOT need China!
The cooperation is a win win.
The PRC will not give up that easily on Argentina.
@@DBGE001
no. it's just a trading partner.
@@DBGE001They'll probably lose a few billions worth of investment, but i guess that's about it.
@@DBGE001no, we give up, have a nice day argentina, you can do it by yourself~
Calling China "communist" speaks volumes about Milei's qualifications in economics.
They call themselves communist, it’s a one party state. If we’re going to split hairs, it’s a nuanced mix of free enterprise and state capitalism.
@@ordinaryhuman2511 the US today has less economic freedom than China, it fabricates trade barriers to prevent chinese products to enter the country. Does that make the US a communist country?
@@ordinaryhuman2511it is the worst form of capitalism
@@ordinaryhuman2511 Call them a one-party state, but in reality, it is merely a parliament composed of people from all walks of life. Everyone swears to service the country to the best of their abilities. They don't have divisions of liberal or conservative. They are successful because they are focused on what is best for the country, not party politics.
Let this be clear. China is not telling any one to be communist.
Making deals with China is a winner on both sides. Something everyone does not want to admit but do make the deals.
Exactly.
Currently CN investment is really bad its stock has crashed its housing is in critical issue its unemployment has skyrocketing its a lose lose situation
Elect a clown ,expect a circus 😅
Exactly 😂😂😂😂 Argentina have no idea the trouble they are in
Actually he seems much less of a clown than his campaign would suggest
They have already had several clowns in charge. Why vote for the same persons/types when they were the source of there problems.
@@GIedits-vf7resays another clown
The only Circus you will find joint hand with CN is like Evergrande or its stock market go poof bankrupt 🤣
I'm from Argentina. So far in less than three weeks Milei has: devalued our currency by 50% in a single day, made protests illegal (you have to ask permission to the government or face jail), destroyed pensioners, tried to pass a draconian executive order, tried removing the law forbidding foreign capitals from buying massive amounts of land, is trying to sell all state owned enterprises (even the ones that give a lot of revenue to the state such as the Vaca Muerta gas fields), want to sell most natural resources to foreign bidders. He's going to finally kill this country.
Hey, what about getting the Falklands 😂, greetings from UK.
Your currency was already worthless and being used as wallpaper because it was cheaper than actual wallpaper, in fact this is what Milei campaigned on, you will eventually drop it entirely as is the case in any other country facing hyperinflation
Protests aren't illegal at all, and the idea of doing it in orderly fashion is in accordance to the lawful principles of most nations, you're never allowed to block roads in any country whilst protesting and can be arrested for that in any country. Why this was different in Argentina until now i have no idea.
The reductions in public spending are an internationally recognized necessity as Argentina's state had been spending well above it's means for decades. Again it's something Milei campaigned on.
Most of Argentina lands and resources are in the hand of American, it's the time to repossess them from the US and return the land to Argentinian.
Worst of all, Argentina is debt trapped by American. There's no way it can repay its massive debts to America.
That explains why Argentina has all the land and resources but remains poor.
@@TheKkpop1 if Argentina has all of those resources then they can only blame themselves for their incompetent mismanagement of their country .
@@TheKkpop1 Not true, looked it up and this is what i got:
"More than half of Argentina's debt with the Paris Club is concentrated in two countries: Germany (37 per cent) and Japan (22 per cent). Further behind are the Netherlands (almost 8 per cent), Spain (6.68 per cent), Italy (6.29 per cent) and the United States (6.28 per cent)"
The other largest creditors are private creditors and the IMF, so from what i found it owes far more money to Japan and Germany than it does to the USA and far more money to the IMF than to either of those countries.
Unless your argument is that the IMF is the USA in disguise the USA doesn't hold a lot of argentine debt at all, which is good because the odds Argentina can pay it are low so it wouldn't be good to be holding it
The question should be, can Argentina get a better deal from the US by cutting off China? And Brazil? These are Argentina's biggest trading partners based on the latest available info.....Brazil(11.2B), China(5.93B), US(4.55B), India(4.19B) and Chile (3,93B) . But the numbers alone belied a very important fact. Trade with China is growing exponentially. It is getting favorable trade concessions and most important of all, China set no condition for trading unlike the US whose main intention is to get rid of China.
It is very much so.The " new right" which is old far right is a recepy. Trump hates China, Bolsonaro hates China, Milei hates China.Whtmy? Don't know but orders comes from abroad.
Brazil is 'communist' according to Milei
No they cant. The US has no interest in buying what Argentina has to Sell. At least not in the scale that China has
The key is what kind of beef, mutton, milk or wheat can Argentina sell to the United States? The United States has all of these, even in abundance, but China lacks them. The United States is essentially Argentina's competitive partner. If Argentina gives up trade with China, it will not have any impact on China. Instead, many American companies will take advantage of the gap to fill the market gap. The United States is playing this game More than once with one hand
amen & well said.
Never talk tough to the person who helps you when you are in difficult times. If you want to align with US, that is fine. But why would you talk tough to China? China is here to help and yes it wants to trade too. But fundamentally China is a power that could continue helping you and hopefully continue trading with you. That is a good relationship. You really don't need to burn the bridge simply because you want to pledge allegiance to USA. It shows character.
Biting the hands that feed you always turn out bad, right?
The guy has not one political fiber in his body, what do you expect.
look around the world, he suddenly find out China is the only country willing to help with a lowest cost. But I dont know China is still willing to help since as Milei's plan, Argentina money will become worthless soon enough.
how are you on TH-cam lol guess Chinese internet sucks
@@Philotheist777 feel sad for your country?
@@jianyang6281 nah cuz xi went to college here
@@Philotheist777 hahahaha
mistake I mean he came for a visit to Iowa @@jianyang6281
I hope the Chinese do not allow Argentina to return to BRICS, and remember how enthusiastically the Argentinians voted for him and his anti-China policies.
Well, if they booted Milei out and got a communist leadership in I reckon they would be happy to embrace them again
Argentina's economy at its current state, with a huge amount of debt defaults and its politics are constantly jumping from one side to another, i doubt there can be any benefit from having Argentina back since they've lost all their credibility.
It will take Argentina years to join BRICKS.
Argentina does not want to join BRICS
There are many more countries waiting to join. They probably won't get invited anymore or anytime soon.
Milei crawled back ashamed begging China to please keep giving Argentina credit
nope, it's just that the EU is being more communistic than China....
Yep they need money.
before this, the news was: china will cancel billion dollar investment. and he react very quick.
@@wangyaohan8824 funny how fast that changes
😂
4:20 Why do you have to say China is trying to build a sphere of influence? BRI is a trading network. Each partner is independent. How is that a sphere of influence ???
Because they're pumping money into argentina
Absolutely. China doesnot impose it's Ideology to others. Or to tell other country who you can trade or make friend. Just look at G7. I hope china stay this way as it grow bigger.
China is trying to build sphere of influence whether using BRI or some other method. It isnt wrong as that is just plain politics. You want other countries to abide by the 1 China policy, oppose US sanction, encourage other countriest to use Chinese tech firm such Hwawei, HSR, etc. One thing China doesnt do is intervene in internal conflict or regime change.
Because geopolitical experts are more reliable than youtube comments that defend dictatorships, endebting countries and building ports and military bases in countries as a payment of debt is an example of establishing a sphere of influence, most call it neo-colonialism
@@Tabula_Rasa1 so far so good
He is like a graduated student who has figured out that real life is very different than what his school teacher taught him
he wants tobe Elon Mad
Take care of yourself first don't worry about others 🤣
CN currently stocks crashed housing dropped 50 percent is this the teacher you are talking about
Argentina is gonna be too busy with internal politics soon to have time to even think about china
China is too big to think about Argentina
@@williamwatitwa3534
China is to busy eating their bat soup
It's really none of China's business. Populist president just wants to gain votes from China bashing.
🚁 loading... 🚁
@@williamwatitwa3534 Exactly.
He probably learned that the interest on their IMF loans is what has been screwing his country 😂
No it's not. The only reason why they want the loans in the first place is because they are being fiscally irresponsible. Argentinian spends too much such as on subsidies and their central bank prints money to finance this large deficit which is a big reason why their inflation is high. So if they were fiscally responsible, they wouldn't need IMF loans as they wouldn't be on the verge of defaulting because they would be fiscally responsible.
@@ecnalms851 The interest rate is like 40%. They've been paying it since the 50s
@@IEtoileFilanteI And the reason they get them loans is to bail them out because they spend too much and have high deficits. Why should the interest on the loan be cheap when you know you are lending money to someone who is obviously fiscally irresponsible? The whole point of the IMF is to be a lender of last resort, it ain't charity. If you don't want to pay high interest on bail out loans... they make sure you don't put yourself in a situation where you need to be bailed out.
@@ecnalms851They are just paying interest only, IMF is there to make money out of the Argentina’s taxpayers. They have done the same with every Latin American country. They only pay their interest on their debt. In politics there aren’t any friends only interest.
@@ecnalms851 Argentina has tried before privatizations, cutting public speding, dollarizing the economy many times before. What Milei represents is just a radicalization of past policies. How is this supposed to work know by penalizing the poor while living the super rich and political elite untouched? Their increased spending is a consequence of this and not the cause. Reagan increased public spending on the military budget by billions, countries such as Japan have high rates of public internal debt and they just dont go broken.
I am Indonesian, my current president once said "if you want to be a developed country, East Asia can be an example and never follow the way used by South American countries" now I realize which country he is referring to.
I mean this guy is fawning on America and the west to get them to invest heavily in Argentina with the current geopolitical and geoeconomic conditions? Did he forget America is a rich country by opening up the stock market? I mean American government itself is not even capable of helping homeless, drug addicted, mass shootings, shoplifting.. because yes the one who runs the country is not its government, but the rich oligarchs who don't care about it. I'm not even sure of his title as an economist if that's the basic thing he doesn't know.
Exactly. He bet on the wrong horse. Now he has to bear the consequences.
@@JCSY1 to be clear: I hate leftish /woke ideology and I hate it when everything is capitalized and privatization. Making friends with all other countries for the benefit of one's own country is much better. and yaa is in the "central". I'm happy when he simplifies the existing ministry, but spitting on a neighboring country (Brazil) by calling it communist and arrogantly distancing himself from the country that will become a superpower (China) is not wise.
@@bimantaraadityanugraha Yes. Peace, discussion and communication is the key. Without peace, there can be no real beneficial 2 way trade and economy. China is already the biggest trade/economic country in terms of GDP PPP and is the number 1 world's manufacturing superpower.
What is the US producing currently ? Nothing really, except for a few items here and there and their costs and pricing is way too expensive and unaffordable nor attractive to almost everyone else.
The US is only leading in financial systems and some tech areas which China will soon surpass them.
Every country should look for peace and stability and work closely with China for better trade and economic prospects. I believe China is very open to any discussion or negotiations except on Taiwan issue. China is even open to some negotiations and discussions on South China Sea issues but it will take some time to sort this out.
@JCSY1 he has, in fact bet on an old donkey
@@seowkhoontan9534 Very true indeed. Very soon and very likely, he will be forced to U Turn on his words.
What can the US really do for Argentina ? Nothing much except provide and sell weapons and military stuffs.
Milei should crawl to India for help. India is the world’s largest democracy 🤣🤣🤣
India is not the largest democracy only but the voice of the global south .
argentina as an agric-exporter seek help from india (also as an agric-exporter)?????
Argentina is blessed if india doesnt shut Argentina's export down
阿根廷可以出口牛肉到印度😂
@@cashcash5995endia boasted it is a world super powder😂
@@kevinsss5020bro😂😂😂
I am astonished how he could get this wrong and still have a title of being an economist?! A blind man could see this from miles afar.
Because he just graduated from a very average university in economics, really average, and he confirmed this.
The only thing shocking here is how fast this U turn happened.
It looks like China called Milei's bluff.
Milei just realized that the US is only giving him lip service.
USA just wanted to kick China out from Argentina and kill two birds at the same time. There's no doubt that the CIA hired Melei.
Melei has also created termoil with the Mexican president, so Mexico responded with "OK, we'll stop shipping resources to your country and pay us the billions you owe us." Argentina, "we don't have money and we need those resources.. :("
Mexico, "that's not our problem.. You should of thought about it before insulting Mexico and it's people"
US Gave China plenty now they are pulling its investment and its manufacturing out every day so how is China? 😂
That is what CN is doing look at their stock market and housing and unemployment
When he visited the United States, Biden didn't even meet him and promised him when.
Milei changed his mind after being humiliated by Biden's turning down his meeting request during his first US visit as an Argentina President.
Everyone knows Argentina has defaulted too many times and he's going to the US to beg for more money.
calling China assassin ? Let me introduce Milei to Hillary.
HAHAHAAA
Make business but not enemies! Do you think China & Russia still trust Argentina’s new President after he publicly announce his stance?
당선인 자격으로 제일 먼저 미국 찾아갔으니 중러보다 미국과 가깝게 지내는것을 원하겠죠
@@떡상-d5n - is US helping with their investments / cheaper loans / industries coming in? Worst is, Jarvier even told off his neighbour Brazil.
Milei is still dreaming and playing politics but the true reality will hit him very soon if not already. China has already started to prepare to pull back certain projects or co-operation with Argentina.
@@eskay2012 any "investment" that may come from global corporations seeks only to predate natural resources and leave no profit behind
china always giving a second chance but Russia gonna kick his A..s
😅Milei has short memory😅 It was the IMF who pummeled Argentina to the ground. US controls the IMF.
US is the main culprit in Latin America.
Still better than a communist country mostly Chinese and Latin Americans sneaking in the us illegally
I anticipate that economic conditions deteriorate even more
Yes, the reforms will affect Argentine negatively for a year before bringing growth and prosperity.
@@NaSaSh1087where was that guaranteed?
@@NaSaSh1087Growth and prosperity? A banana republic controlled fully by the western MNCs more like😂
@@tat3179 Meaning, it was such a utopia until now, right?
@@stvdmc2011 it's not guaranteed but that's what economic shock therapy intends to do. Tough reforms at first in order to bring middle and long term prosperity.
Playing fiddles to the USA will spell dooms to Argentina
So says the little pink who abandoned its mother land
Imagine if Argentina political leaders adopted China's political leadership style who are capable, pragmatic, intelligent,grand visionary and the best problem solvers in the universe.
Universe is a huge place bro.
They are the best in this world, but I think some alien civilizations are millions of years ahead of us.
wumao BS
A lot of specific choices went into making china the way it is now and to just have another country emulate it is not recommended.
AS a Chinese, I would tell you that CPC system is impossible to be copied. I am NOT kidding
When you vote for a comedian you get a comedian 😊
Just like the Ukrainians
Just like the Brits @@wangjim5839
Lol😂
Irrelevant. China should buy from friendly countries like Brazil. Get him to pay debts as soon as possible. Beggar can't choose.
We, the Hispanic world, invented the Libertarianism in The School of Salamanca. And We are returning to our ideas.
We don't negotiate our values.
🇯🇪🛡️💪 Hispanic World Strong.
@@DavidCelestialKnight
Oh poor Hispanic, your days are numbered!!
I like Communist, because they have stable government, stable economic for his people
It's not about comunism !!! Comunism is dead !!! It's about autocracy vs democracy !!!
Democracy is the door the west control and put the clown or comedian leader !!! 😁
Never help any ungrateful nations to stand on their feet again.
China will work with Argentina ..bec the Chinese are not emotional , they play this the long term .. to have an allie in the the AMS region is very iomportant
@@alanccvoo
China already cancelled a US$6.5 billion currency swap agreement with Argentina.
Argentina is just like Philippines.
China always learned from history and experience.
"No compromises , No concessions"
🇨🇳
I highly doubt Argentina can stand on their feet someday even with help. it's a hopeless country
Le Keqiang recently stated 600 million ppl in CN is currently making 1000 yuan a month which is 4 USD a day that is poverty level
@@nopainnogain-kx4wi you should see what China was like before US stepped in they were dirt poor .
😂😂😂the little boy is now kneeling ? I was just laughing at the nonsense he was saying during his campaign and post election victory he is definitely not an individual with standards just a big mouth that's all
It is not that easy to get out of the BRI, there are certain contract conditions that require the host country to payback China on infrastructure costs spent. So if you are part of the BRI, you pay almost no interest on the loans but if you decide to leave, then higher interest rates apply and you won't get the free Chinese expertise to problem-solve or the supply chains that comes with it.
ITS A TRAP!!!
While China builds infrastructure, US warmongers keep destroying poor countries
There are interests on the loan, the interest are often very high.
@@UndertakerFromWWE Yes, a trap to prosperity.
@@MetaView7 pretty sure other loaner would disagree with that haha
China should concentrate on other more friendly and positive latin countries
He needs to talk to American farmers losing billions from the loss of the chines market.
Buddy china doesn't need Argentina
Nope he can't, not even the USA and European can not cut ties with china.
The commentator said: China lack coherence in her policies???
Surely, the German guru is referring to his homeland, Deutschland...
😂😂😂 Liar. Populist. As any other polititician.
He wants the populist social programs and has fired 7,000 government employees, that's literally the opposite of economic populism.
He is not a liar really, he is already doing some of what he wants to do such as reducing government spending like getting rid of industries. With regards to foreign relations he probably kinda has to be quite strong on anti-comme rhetoric in order to gain a certain voter base but when he is in office he knows that a big part of foreign relations is being pragmatic. China is 2nd biggest economy in the world so obviously he is not going to completely ignore/cut ties with China
@@ecnalms851he already insulted China left and right before and after winning, thats why China cut their geopolitic and economic deals with Argentina, now he goes back crying
Argentina wont get special attention from China anymore, the train has left 😂😅
Bye Bye Argentina ...
The Zelensky of Argentina.
You mean Mao of CN that starved over 55 million to death 🤣
@@bockscar1How did China become the world's most populous country? As far as I know, they have always implemented a one child policy. I checked and found that from the founding of China in 1949 to the death of Mao Zedong, the population of China has grown from 500 million to 900 million. No country in the world will suddenly double its population within a year. How did they become the world's most populous country. Why do your comments always have a huge gap from reality.
@user-dw6dr2on6o why don't you look at history of Great famine of CN 1959 to 1962 and cultural revolution 1963 to 1975? Maybe you will then see the reality?
@user-dw6dr2on6o recently your PM Le Keqiang stated 600 million ppl currently barely making 1000 yuan RMB per month which is equivalent to 4 USD a day which is almost half of your population in poverty is he lying?
@@bockscar1 During the four years from 1959 to 1962, a total of 55 million people died and nearly 10 million people died each year. Isn't this normal data for a country with a population of 600 million? The data may be higher than other years, but it is also far below the significant population shrinkage caused by wars and epidemics in human history. If these data were taken from poor countries in Africa or South America in 2023, it would be considered good. In world history, it is common for countries to lose half of their population due to a war. You also said that China was in a period of great famine, which was not suitable for a poor country。
In the past three years, the United States has had the highest medical technology in the world, but has not been able to prevent millions of people from dying from the pandemic. Are we going to put Biden on the gallows.
Thank you so much for not joining the BRICS, less headache and less attention for Argentina so the could concentrate effort on other countries.
For most politicians it’s not about what you want to do but what you have to do! It’s called maturity.
LOL.... Argentina is a fourth world country, you don't get to dictate anything to anyone, let alone China.
After slamming the doors and burning the bridges, and now you want to re-open it?
Speaks highly of your sincerity.
Good luck.
The clown Milei finding out that all the BS of his campaign is not feasible.
Habló un Ruso rural.
You are, you think Argentina should stay the same
China is the world’s biggest economy and directly or indirectly everyone’s main trading partner
是的，
It really isnt.
@@tombranch2261 it really is. The US is giving made up numbers, wealth that doesn’t really exist
when a leader uses age old rhetoric and biasness to make decisions instead of common sense
So what have China done to Argentina or to Milei for hating them?
Only way they can get out of austerity is to refinance those high interest IMF loans and increase their exports by a lot. If your country has nothing of value that other countries want, you're gonna be poor.
All they have is beef and raw unrefined lithium deposits
Does China need Argentina?
Or does Argentina need China?
After checking Argentina’s broad money total, my students and I simply estimated that achieving dollarization would require a long-term low-interest borrowing of about US$90 billion. If the economic agreement with the Chinese government is severed, an additional US$20 billion would be needed. I guess Milei wanted the US to pay for it all, unfortunately it didn't work out. Maybe there will be changes next year if Trump is elected? Who knows.
Yes, if TRUMP wins, Milei will get what he wants, and he will support TRUMPAMERICA in the AMERICAS. I hope Trump wins. In fact, I believe the next POTUS will be Trump.
Interesting.
美國是一個自私自利的不可靠國家。
he just sold his country to the IMF. this happened before in the asian financial crisis, no one in the right mind will take argentina seriously.
might be Miley and Trump are twins
Milei finally feel & realize the harsh reality not his rhetorics!
If he's not so careful & wise he would be overthrown soon by the people who voted him! 😅
That is the problem with populism.... unfortunately democracies tends to produce such leaders. Populist more than those based on Merits.
Because they were voting based on merit before 😂
People in glass houses shouldn't throw stones.
Populist leaders have only one slogan and that is we have some how EU ancestry and therefore out of nostalgia lets get in bed with Europe again. But the matter of fact is that Argentina is not in EU and has had a war with UK in the past. Its only way forward is to look what's best for them and deciding what's best based on skin color is not one of them.
Ha ha 'not meaning what he says, welcome to politics' the reporter nails it 😆😆😆
I hope Beijing would stay away from Argentina!
China even supported Argentina's claim of the Falkland Islands against the Brits. China has done enough, it doesn't have to do anything to begin with. It's best that China and BRICS stay far away from Argentina as possible. It's a liability for everyone. Argentina chose its dance partner to do the Tango with, hopefully the US will do a better job in leading them.
What a surprise! No one could have ever expected! Now when is he gonna declare his inconditional love for Vladimir Putin?
He literally invited the president of ukraine to his inauguration
Softening stance doesn't mean he loves them.
Milei is still one of the most pro western presidents in Latin America.
He declared during the campaign that he is in favor of USA, Israel, and Ukraine in geopolitical sense only. Private business are free to trade with whatever country they want.
@@IVIunefree trade for independent business, not goverment stuff, thats why he is crying now because China is cutting business with Argentina in geopolitic level
That’s what politicians do. They say whatever will give them the votes, and once elected, they do whatever they want.
Yep oldest dam trick. But the new trick is fixing the election before it even happens by quashing any person that does not fit the special interest mold. That is what is going on now.
Milei said many things that he must have known would COST him votes.
Its easy to pretend you are tough until an actual bully says what's up.
Who’s the bully? All I heard is he talking bs, while China and Brazil don’t even care.
Argentina did not say that it was going to cut off trade with China, it said that companies would be free to do so but that from the government, Argentina was not going to be a political ally of China
milei begging 🐉🐉🐉 weathl ,,without money exchange goods ,,milei will go to stone cave ... like morrisson 🦘🦘 plays outside there hands.. his master usa begging loan from 🐉🐉🐉
He said he will cut ties with China and it wouldn't affect trading and other economical relations with that country. It's obvious that China think differently and aren't amuse by his intention.
Well,he did humiliate China quite a lot
It is so similar to Australia in the past. While making money from you, it will constantly insult you, humiliate you, and disgust you. . . Haha, even if you are a small grocery store owner, you should know to treat your customers better.
You could only humiliate someone who respects you. Milei has no one's respect.
@@Kllllllvvvvvvf13
Who needs who? China or Argentine? Wait and see.
Melei should know that he's not Donald Trump😅😅
Argentina need to print American dollars to buy American products
China can teach Argentina a lesson by charging more interest on their future loans,
I can't speak Spanish，but I think I can translate his words for you guys ，basically he says ” I need more money“
He just like me for real 😔
so he asks US to print more dollars for him
He borrowed Zelensky's script.
@@sihksahmir5635 oh，he already visited US ，biden refuse to meet him，wisely，otherwise he won't change his attitude towards China
during elections he claimed won't negotiate with killers-comunists (China). 56% of Argentinians felt in the trap!!
He knows he f***ed up.
Paid off quickly.
Milei is new and learning what foreign politics is all about. Never have any enemies unless your understand the consequences ànd can accept the outcomes. 😅😅😅
He single-handedly flipped of both their top trading partner in South America, Brazil, and top trading partner in the world, China. 😂😅
Chainsaw Man sure changed a lot after winning
No one should be surprised that a low-education populist turns out to be different than what they expected.
Bruh it's been weeks, he literally said he'll do anything to make the enconomy stabilize just whait 3 months and then we'll see
Actually, he's already liberalized the exchange rate and closed corrupt government ministries down. It's a good start.
Protesters: We want more inflation, poverty and corruption.
Rest of the country : Get a job
When you notice the world is different than a tv interview!!
I really can't fathom where agentinians' minds were when they decided to elect that lunatic.
the fact their governments were chronically corrupt and overspending for decades to the point their currency became worth less than wallpaper?
the other option was our, at the time, minister of economy
Seems he is practicing communism far better than China. So much for democracy. 😂
agree. Looks communist to me when he & his team decided these austerity drives & other measures without going to the vote for consensus...so where is the democracy??
Don’t cry for me, Argentina
Milei is merely playing the political game. Since he could not get financial support from US, he decided to return to China. He is what we called "pariah dog".😂
picking a fight with your banker and largest customer, that is utter stupidity
Too late, mate.
so many nations have forgotten that being an enemy of the US is dangerous and being a partner is lethal. Argentina will learn the hard way
I think this guy needs time to deliver in reality. There are no quick solutions.
Very Importantly hes doing something about it!
There is to much of a socialitic stance in the economy that is causing a run on their currency. They need to increase imports to increase jobs, and the only way is to de-regulate, but maintain taxes on business and companies.
Allow business to access more credit for expansions.
Argentina was already handtied by foreign corporations, global hedge funds and local elites. This is just making it worst.
He is good for Argentina in that he is the opposite of what has been killing Argentina for decades. I'm just afraid short sighted detractors will see the immediate pains of his responsible economic policies as an excuse to remove him as soon as he tries buying back Argentinian currency.
DW sounds like curry now
Idk how China being a communist nation has anything to do with trading with China. I think Argentina is realizing global trade is global trade 🙄
that didn't take long lmao
Damn
Not surprising if Milei is a person who knows what he is doing instead of uncontrolled moves.
Nah man he is the typical dictator template. Promise the moon then sacrifice half the people and change the definition of the word moon to cheese.
Mile needs nothing but US democracy, and he assumed his people can survive and prosper with democracy alone!
Milei is full of it. Let us see is he actually is able to abolish the central bank. He reminds me of Trump. All sizzle and no steak
He abolished 9 out of the 18 ministries.
Reduced the size of government by 50%.
Massive 300 deregulations by removing repealing restrictive laws.
Got the currency closer to its actual market value.
@@NaSaSh1087I didn’t know decreasing the value of your coin/dollar was a good thing 😂 poor Argentinians, you’re in for a wild ride (Argentina will be gone by the end of 2024 lol)
China 🇨🇳 is the best for Argentina 🇦🇷!
When I watch Wion news, the presenters are always Indian.... when I watch DW, the presenters are never german.... why is that?
Indian domination😂😂
@@rjanimatrix6978.... More like a plague 😂😂😂
Shameful parki?