In Trump’s World it is the peso. The Trump administration is bailing out Argentina with 20 billion US dollars. They are calling it a money swap - they give Argentina 20 billion US dollars and Argentina gives the US 20 billion dollars worth of Peso’s.
Meanwhile back on the ranch US soybean farmers are still waiting for bailouts. Cheers!
https://www.msnbc.com/top-stories/latest/america-first-trump-argentina-bailout-shutdown-rcna236938
Beyond Millei, China, and the Argentine treasury, critics say the bailout also stands to greatly benefit wealthy fund managers who are major holders of Argentine debts and assets.
The bailout would deliver a major windfall to Rob Citrone, a billionaire hedge fund manager with significant investments in Argentina. “Bessent’s personal and professional relationship with Citrone has spanned decades,” according to independent journalist Judd Legum.
“Trump promised ‘America First,’ but he’s putting himself and his billionaire buddies first and sticking Americans with the bill,” Warren said in a statement Thursday. Eight Democrats, including Warren, have introduced a bill in Congress to prevent Argentina’s bailout.
But Bessent told CNBC recently that “this trope that we’re helping out wealthy Americans with interest down there couldn’t be more false.”
“What we’re doing is maintaining a US strategic interest in the Western Hemisphere,” he added."
https://news.yahoo.com/finance/news/faq-why-america-just-bailed-130052982.html
Not sure how Trump is able to do this during the government shut down.
But you know what people like Trump always say – were there is a scam there is a way. Cheers!
Maybe by claiming it is a money swap instead of a bailout they can bypass congress. Either way it is a risky venture and certainty not a America first thing. Cheers!
Spunky 