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.
Greece was FORCED to take on more debt, with the newest tranches used to service pre-existing IMF debt.
Argentina will be equally pressured, but his ability to ship oil and gas through pipelines eliminates the IMF’s power to get oil and gas tankers seized at sea.
It’s when a precedent is set to default on the IMF that things get interesting.