The world was stunned when the socialist-leaning nation of Argentina—suffering from massive inflation—elected Javier Milei as their next president.
This from thepatriotjournal.com.
Milei, a 53-year-old economist and a political outsider, is steering Argentina toward uncharted territory, experts say.
Javier Milei, a Libertarian, is promising to make drastic changes to potentially save Argentina from disaster.
His plans—among other BIG moves—include replacing the Argentine peso with the U.S. dollar as a direct response to the country’s crippling hyperinflation, which has surpassed 142 percent.
This week, Milei was sworn into office. And on Day 1 he went to work keeping his promises. He eliminated several controversial offices.
From Breitbart:
President Javier Milei used his first executive action in the top office on Sunday to dramatically rearrange the federal executive branch, reducing the number of cabinet-level ministries from 18 to nine…
In one of his most popular public appearances, he explained his plan by scratching ministries out of a large flow chart of the federal government one by one, describing many as ranging from useless to harmful.
The responsibilities of the eliminated ministries Melei moved to new, smaller offices thus keeping his promise to reduce the size of the government to save Argentinians from heavy tax burdens.
As a Libertarian, he was deeply critical of the previous government’s size. He claimed many of the government offices were unnecessary and vowed to eliminate them.
Many have called Milei the Argentinian Trump, given their shared desire to reduce the size of their respective federal governments. Argentina has often been considered a cautionary tale for the United States.
NOTE: Several once-prosperous South American countries succumbed to socialist dictators over the decades. Very quickly, their wealth and success collapsed. Many of these nations have yet to recover because their socialist leaders have allegedly rigged the elections in their favor.
The world was stunned to discover that Javier Milei won the presidential race. But some pointed out he had run against the economic minister of the previous administration—someone who undoubtedly took much of the blame for the 140% inflation from which the nation was suffering.
Milei believes the first step in ending the epidemics of crime, unemployment, and poverty begins with reducing the government. He has made good on that promise.
Next—a shocking act for the entire world not just the Deep State to observe—fulfilling another of his campaign promises, President Milei declared the closure of the nation’s central bank. The move, which is aligned with his libertarian principles, has set the stage for sweeping changes in Argentina’s economic policy and governance.
Since defeating his opponent, Sergio Massa, President Milei has voiced his commitment to shutting down the Central Bank of the Argentine Republic (BRCA) and dollarizing the economy as a dramatic shift which has ignited debates among economists about the future of Argentina’s financial stability and sovereignty.
The president has argued that the only solution to Argentina’s economic turmoil is a complete overhaul of the monetary system, including the dissolution of the Central Bank—a move he sees as essential to preventing the reckless printing of money by politicians.
Dubbed “Argentina’s Trump” for his unorthodox methods and populist appeal, Milei’s ascent to the presidency is a reflection of public discontent with traditional political structures. His proposals for drastic cuts in government spending and the privatization of state entities like YPF, the state oil company, have resonated with a populace weary of economic instability and governmental inefficiency.
Experts say that although the monetary moves are risky, if the new president is able to pull his plan together, many are confident Argentina will become the model for other countries around the world and the encouragement to rid themselves of their own central banking systems.
God speed to President Milei of Argentina.
