These articles are largely Swamp articles.
Measuring things in printed pieces of paper created from nothingness by a central bank.
What this guy has is 3 things:
1) A desire to drain the Swamp.
2) Shale oil and gas in the Vaca Muerto, and he’s going to pipeline it to the rest of South America and erase a US LNG market.
3) He is very likely going to default on the IMF. Just default. It’s meaningless pieces of paper if you just default on them, rather than be butchered as they did to Greece.
Nihilism? So what. When the alternative is an altar worshiping pieces of paper created from nothingness, how is nihilism bad?
These replies are largely anti fiat.
He has the magnet effect. The same thing that the Chicago boys brought to Chile.
Chile became a magnet for entrepreneurs from all over South America.
I’ll also point out that the Kenyan shilling is second on the list due to it’s ability to pay off June 24 Eurobonds. The effect is lower costs to service debt. Somewhat flies in the face of advocating for a default in Argentina as if Arg and Greece are remotely comparable-but hey all in on joules all out of fiat.