So he wants to dollarize and replace their shitty central bank with the US federal reserve?
Argentina will go from corrupt with heavy spending to being another vassal state tied to the failing zog system. It will enslave the people to the federal reserve central bank, the American system, and its ((owners)). It's better to be in charge of your own currency, not supplicate yourself to a fiat hyperspender a continent away from you.
Cut back social spending and peg yourself temporarily to the euro/dollar/yuan if you want extra stability. The bank/gov has to cut spending but I'd retain independence.
So he wants to dollarize and replace their shitty central bank with the US federal reserve?
Argentina will go from corrupt with heavy spending to being another vassal state tied to the failing zog system. It will enslave the people to the federal reserve central bank, the American system, and its ((owners)). It's better to be in charge of your own currency, not supplicate yourself to a fiat hyperspender a continent away from you.
Well, what's your solution?
Cut back social spending and peg yourself temporarily to the euro/dollar/yuan if you want extra stability. The bank/gov has to cut spending but I'd retain independence.
He might be doing exactly that.