Argentina’s Peso Collapses: Is Milei in Trouble?

While Milei's economic reforms have yielded some positive impacts, the value of the Peso is collapsing, undermining his plans to unify Argentina’s currency. So in this video, we'll explain what's happened and what this means for Milei politically.

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[LandoCalani]

There are only four kinds of economies: developed, developing, Japan, and Argentina.

[highpriestofzuul]

"I am the king, and I will destroy you!"
Finally, an honest politician.

[kdegraa]

The peso collapsed long before anyone had ever heard of Milei.

[AdamSmith-gsdv]

There was no way Argentina was going to pull off a "soft landing", Melei even said that things would get worse before they got better

[AnonymousAnonposter]

I have news for you. The Argentine economy has been in sharp decline for more than twenty years.

[PeacePetal]

This title only makes sense if you didn't know that Argentina's economy was devastated before he took office.

[DampZombieNugget]

This guy is straight out of South Park

[Thats_quite_cool]

as someone who used to live in Argentina until relatively recently, the jump of the dollar blue rate is actually not as crazy as it seems. a bit less than a year ago the peso's unofficial rate went up from about 400 pesos per euro to about 1100 in two weeks time.

[mist]

It's NOT true that the Peso is collapsing. In the last 6 months since Milei took office the Peso went down 30% which sounds like a lot, but compare that with the 120% in the previous 6 months before him! The truth is that Milei is stopping the fall of the Peso in an unprecedented manner. Never before has inflation slowed down at these rates in Argentina's history.

[franug]

as a Chilean, nothing looks more Argentine than having your president do a rally at Luna Park signing rock songs, lol. Can't say they're not entertaining! But I'm hoping they can recover somewhat after all these years of decay, it would be good for them, us, and the whole region.

[jurgbalt]

wait - you telling me that in 3 months he could not fix Argentina (a poster child of economic "how NOT to do" for almost close to a century and counting)

[murray]

It's worth mentioning that the song Milei was singing is Panic Show by La Renga, a song about a lion who devours politiicans.

[szpunar]

As an Eastern European who remembers early 90's (barely but still) I must say that unfortunately getting out of economic s*** hole is painfull and will cause social unrest. The question always is will you and the reformers endure long enough.

[zachb]

Ultimately the past few months have been the most stable the Peso has been in a few years

[chrisj]

Only problem with this video - the Argentinian peso is not collapsing; just drifting somewhat down since start of 2023.

[natedcarr]

Milei is the first politician to openly admit he thinks he's a rock star and king.

[hutlazzz]

why are you suggesting that economy was stable before him why those 3 day stable price chart🤣

[Aelfraed]

Lol, the peso didn't collapse; it was overvalued at 1000 per dollar. A 1200-1300 rate is much more reasonable.

[matthewshipley]

I mean, he hasn't even been in power for a year and he admitted in his inauguration speech that things were going to be tough. He was very honest about this and considering how Argentina has been in an extended economic downturn for the past 20 years, honesty is the best policy.

I don't see Milei going anywhere anytime soon.

[JakeRed]

Result of 100 years of inefficency and mega corruption wont just go away by Blaming certain people