I Know Where to Start

Cutting bureaucracy and fedgov bloat is always a good start. But this surplus blip on a paper/budgetary read is grossly oversimplifying things.

The illustrative value of ARG is not in this short-term austerity package but rather in the dangers of a culture of entitlement and corruption, cronyism and State monetary policy shaped by that, entering into “business” with the IMF and FUSA global banking cartels, and ultimately the collapse of domestic productivity and infrastructure that leads to the unserviceable debt spiral.
Sounds familiar. See also Greece. Or coming soon, Heritage America.

The current austerity and debt restructure dates back to 2001. Or even ’76 when ARG was under military dictatorship. Then in ’83 when democracy was restored but at the cost of running deficits and floating a lot of debt that continued until the great depression in 98 that also took down Russia and Brazil in similar ways. 50% in poverty. 28% decline in total economy. Mass unemployment. Protests. etc.

More debt accrued. The economy never really recovered. Animosity between labor and govt. Ect.

When ARG collapsed again in 2001 resulting in a default on $82B in sovereign debt the current trajectory of debt-collapse was set in motion There was a restructuring in 2005 that led to yet another in 2010 that crammed most bond holders to 30 cents on the dollar and got the US/IMF involved.

By the 2010 restructure after the ’05 mess the US-led consortium placed ARG sovereign into US holding corporations subject to US laws to avoid the past unpleasantness and to shore up confidence. Which in economic hitman speak means trojan horse. By 2015 the US-led banking cabal helped install US-aligned Maurico Macri.

In 2018 this arrangement collapsed and enter the IMF with a $57B bailout package making ARG the largest debtor to the fund. Other conditions were set like decoupling the central bank from the treasury. Public debt increased.

ARG defaulted again in 2020. In Nov of 2023 just prior to the elections, the IMF “concerned” over the burn rate on the restructured $44B loan fund, again stepped in ‘did some things’.

The current budget surplus reflects the forced austerity program but also includes another $10B of public debt. And a 20-year high of 57% poverty rate. Up from 49% just prior. The drought hitting the soy markets exasperated all of this as well.

ARG is now in the grinder with the IMF and losing its labor, increasing disparity, etc. The typical solution is to begin hypothecating public assets not already pledged, privatizing assets and natural resources, more long-term debt to cover agricultural concerns that will likely convert to gblobocap receivership in which globocorps begin to take ownership.

Long story, but the “Twitter Takes” fail to account for the real threats, the real timeline. Which is what we should be noticing vis a vis our own trajectory and what happens once you fall off the horse, drunk on debt.