I visited about a month ago so the Tucker interview was even more entertaining for me. I really felt the part about the beautiful, freedom-era architecture versus the disgusting socialist-era Lego buildings that are everywhere in between. I even learned on my trip that there’s a Harrods that’s been abandoned for 25 years.
The map of Milei voters outside of Buenos Aires that Mara shared on X was enlightening, because the conversations I had with people in the city made me think they still want more of the same despite how inflationary it has been (protectionism, capital controls, free tuition, free healthcare, free PET INSURANCE!!). I was stumbling out of Fogón the night Milei won the primary. I sat down at a bar and watched dozens of Argentinians soak in what just happened, feeling like I timed my trip perfectly.
I had to dial back the ‘tism when I got back to the states because my family and friends didn’t find it nearly as fascinating as I did. Meanwhile, 4 weeks later one of them says to me “the government should make it so that my girlfriends student loan interest rate isn’t higher than X% because she’s a [redacted debatable essential worker]” and I thought “shit, it’s beginning to happen here too.”
How do you re-educate the Argentinian population to get out of their own way (stop voting in Peronists/Socialists)? Or are the problems just so systematic that people just have to worry about themselves more and more? Mucha suerte. Thanks.
My walking tour guide went "yeah Massa fucked us with the IMF loan and flooding the peso market but I feel like i have to vote for him". Oh well, i dont think i will ever feel more of a baller than holding 200USD worth of pesos in one hand haha
Plenty of countries going through this, but Argentina taking it to new levels of multi decade clownery. Besides the economy there doesn't seem to be much oppression and crime unlike Zimbabwe and Venezuela?
Busted out laughing during a Zoom Meeting when I read "and there are days where Argentina happens.”
I visited about a month ago so the Tucker interview was even more entertaining for me. I really felt the part about the beautiful, freedom-era architecture versus the disgusting socialist-era Lego buildings that are everywhere in between. I even learned on my trip that there’s a Harrods that’s been abandoned for 25 years.
The map of Milei voters outside of Buenos Aires that Mara shared on X was enlightening, because the conversations I had with people in the city made me think they still want more of the same despite how inflationary it has been (protectionism, capital controls, free tuition, free healthcare, free PET INSURANCE!!). I was stumbling out of Fogón the night Milei won the primary. I sat down at a bar and watched dozens of Argentinians soak in what just happened, feeling like I timed my trip perfectly.
I had to dial back the ‘tism when I got back to the states because my family and friends didn’t find it nearly as fascinating as I did. Meanwhile, 4 weeks later one of them says to me “the government should make it so that my girlfriends student loan interest rate isn’t higher than X% because she’s a [redacted debatable essential worker]” and I thought “shit, it’s beginning to happen here too.”
How do you re-educate the Argentinian population to get out of their own way (stop voting in Peronists/Socialists)? Or are the problems just so systematic that people just have to worry about themselves more and more? Mucha suerte. Thanks.
My walking tour guide went "yeah Massa fucked us with the IMF loan and flooding the peso market but I feel like i have to vote for him". Oh well, i dont think i will ever feel more of a baller than holding 200USD worth of pesos in one hand haha
Argentina just lost a case to $BUR for a takeover of an energy company. Another $2-3Billion to print.
https://finance.yahoo.com/news/burford-capital-limited-bur-won-124554689.html
Mara is a fucking legend
Same thing is about to happen in Pakistan 🇵🇰 unfortunately
Fantastic post, Mara. Excellent work
Thanks Scholar!
Is there anyway to capitalize on the fall of the currency?
Here’s one way; go visit and hand someone a $50 bill as a tip and see the look of gratitude on their face.
Yeah, go to Argentina, have a time of your life. Eat incredible steak, drink amazing wine for quarter of a price you will pay in North America.
The mustache man reference made me LOL
Plenty of countries going through this, but Argentina taking it to new levels of multi decade clownery. Besides the economy there doesn't seem to be much oppression and crime unlike Zimbabwe and Venezuela?
See his older posts he linked to its pretty interesting you just convert to assets asap