Argentina’s libertarian president, Javier Milei, is the lucky winner of $40 billion that Donald Trump managed to conjure from thin air. Less lucky are the Americans who rely on the government programs Trump has gutted to be able to “save” that sum.

Argentina’s libertarian president, Javier Milei, is the lucky winner of $40 billion that Donald Trump managed to conjure from thin air. Less lucky are the Americans who rely on the government programs Trump has gutted to be able to “save” that sum.

  • starrysonics@lemmy.todayEnglish
    4·
    12 hours ago

    Yeah pretty much. See this is where it starts getting into money theory and I’m a few years out of my economics and finance classes.

    But much like stocks and bonds currency swap also deals with interest and growth rates. It’s a high-scale ‘loan.’ (But not technically a loan.) Loan-like.

    It doesn’t need paid back exactly but if one parties money becomes garbage then it does start to feel like a loan.

    We are getting pesos in exchange, but again. The peso is risky. If it grows then you can argue we didn’t loose any money. But we have to hold the pesos to help stabilize it’s value.