this post was submitted on 23 Oct 2025
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[–] prole@lemmy.blahaj.zone 4 points 5 months ago (3 children)

How does sending $40 billion to Argentina "offset" Americans' losses?

[–] AFaithfulNihilist@lemmy.world 6 points 5 months ago

It doesn't offset our losses, it uses our money to offset the losses of the grifters who bet on Argentina.

Some of these libertarian types actually believe their own bullshit. Libertarianism is a scam that you play on other people to get them to think less government is better, but if you yourself fall for it then you will inevitably put money in the wrong places and make bad financial decisions.

The problem now is that the idiots in charge are the same idiots who grew up believing the bullshit. They swallowed the bait. To them they don't really even have the ability to understand why this bet didn't work out, and now thanks to Trump they don't ever have to. Because it did work out.

Can you imagine if someone bailed out Cuba or Venezuela? We would still be hearing about it to this fucking day.

[–] Bennyboybumberchums@lemmy.world 4 points 5 months ago

Basically, the Peso is taking a shit. Hedge funds own a large amount of Argentine debt, and with Trump investing in the Peso, hes boosting the confidence in it which keeps or increases the value of the Peso and Trumps pals dont lose money.

It should also be noted that a lot of these hedge funds, are run by friends of Bessent.

So Trump is spending tax money, so that his pals dont lose their own money. Basically, its a bail out for edge funds that made bad investments. And because they are all paedos in one big gang together.

[–] QuoVadisHomines@sh.itjust.works 2 points 5 months ago

It offsets the loss of these individual investors by making these Argentine agribusinesses become profitable.