• Bennyboybumberchums@lemmy.world
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    17 days 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.