Argentina’s Collapse Just SHOOK the U.S. Dollar… What Happens Next?
Argentina’s experiment with dollarization has collapsed, and the consequences could have global ramifications, especially for the United States. This video breaks down why Argentina’s failed dollarization strategy is a serious warning sign for the U.S. economy. With rising inflation, economic instability, and weakening trust in the dollar abroad, the collapse signals potential vulnerabilities in global reliance on the U.S. dollar. Could this be the start of a wider shift away from the dollar as the world’s reserve currency? Watch to understand the risks and what this could mean for the future of the U.S. economy. #Argentina #Dollarization #USDollar #GlobalEconomy #EconomicCrisis
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32 Comments
God said, Trump will be the president in January 2025, but he will be devastated, because he will inherit the dollar collapse that happens this fall, just before he takes office in January.
Milei hasn't even had a full year to put new policies and changes in place. When your country is as screwed as Argentina was, it'll take at least a decade just to get some semblance of sanity in the system.
Argentinian president was acting not wise withdrawing from BRIKS. BRIKS is the future.
Argentina is a joke. It has been a joke for more than 100 years. But what can you expect from a bunch of super-racists?
Javier MILEIkowsky and Benjamin Netanyahu (real surname MILEIkowsky) are blood related. 😹
smoke alert
I knew going to the dollar was a big mistake. They need to join BRICS.
Greed………………………………………..
His plan upset the oligarchs at the U.N. & the WEF. They simply waited, used their power and connections to ensure his plan failed. No question.
The rest of the world wants to dump its dollars. So Argentina should be able to get a good deal.
Seeing Meili dancing with Israelis settlers does it for me. He is a puppet. Get rid of him.
Argentina coastline contains oil reserves
The USA is doing the same thing they did printed money and corruption
There are a lot of childish rants here. Milei did not create Argentina's problems . Even if he had not been elected they would be crashing. Arg. people refuse to control public spending and peso printing. Too many gov employees & spending
Because Democracy and Capitalism is a failed system. Simple as that. 😂😂😂😂😂😂 And you people so stupidly believed whatever your government and media said. 😂😂😂😂😂😂
They must be banned from BRICS COMPLETELY a rotten politicians
The direction the U.S. is going. I'm waiting for the Yuan, so I can sell some of my priceless assets to the Chinese.
Milei is the straw which broke the camels back. He screwed up badly, another rash clown who knows nothing about economics.
for stupid what a joke
Old gnews with Gary Gnews
He prayed to a dead rabbi, what could possibly go wrong 😑
BRICS join BRICS
in Argentina ci sono Latifondi degli Stranieri come in tutte le attività Lucrose allevamenti miniere etc etc … Nazionalizzate Tutto e cacciate i Vampiri stranieri … das Kapityal Criminal … come il Congo sotto il Belgio
No one said austerity would be fast or easy, and there are many countries that use the Dollar for their currency. It’s a proven path.
Argentina's resident here; it's awesome how Milei's fans, the neofascists, think they are leaving rhe "argentinian dream" again. Inflation is obviously reducing rate because Milei liquidated the savings of small investors that had their savings in fixed investment funds instruments. Still the inflation (considering how he destroyed the saving capabilities making saving your money worthless) is high, the rate this report said is accurate, 120% is the current inflation and the groceries are absurdly expensive when we are a country that produces food, we pay food in USA prices. For example, dry yeast leavening powder was 0.36 usd last month, today is 0.46 usd. Bread is super expensive like in Europe, a few pieces for the day will cost you 1.4usd, when it should cost no more than 0.9usd. Basic services like natural gas and electricity are also expensive in a country that produces it. Whatever, this is a mess, not even mention the criminality like any third world country.
Argentina is correct to adopt the US$ most S. American countries should to avoid the reckless moves by new people coming in office messing up the budgets to try and stay in power.
Argentina can also introduce an employee peg wage conversion system to slow the inflation on manufactured goods for export. All this while adopting and going through the pain phases of adoption.
they should buy some gold reserves in their own currency … the dollar is not secure is it
Peso = say Pess-oh…….
Zero money velocity, and going to the worthless fiat dollar. (while the rest of the world is getting out of the dollar, being printed out of thin air by the trillions)……………sounds like economic suicide to me. Argentina has been and will always be ruled by f-ing corrupt idiots. Milei (Jew) is obviously setting up Argentina for a WEF CBDC. Good grief Sheeple, the dollar is following the path of the peso: down to zero. Milei is an imposter, he is supposedly against the central bank, but is setting up Argentina to be vulnerable at the mercy of the US Federal Reserve, a central bank……….WTF????
Godzilla says on October 16, 2024, latch upon a currency which is backed by gold and silver!