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World News
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Title: Argentina Collapses
Source: [None]
URL Source: https://republicannews.org/argentin ... RPNnewsletter&utm_medium=email
Published: May 17, 2023
Author: Staff
Post Date: 2023-05-17 21:28:44 by BTP Holdings
Keywords: None
Views: 504
Comments: 15

Argentina Collapses

(RepublicanNews.org) – Argentina’s attempts to stop its currency from melting down have left its central bank broke, Bloomberg reported.

According to the consulting firm 1816 Economia & Estrategia, Argentina has already drained its liquid international reserves as well as another estimated $1 billion as the South American nation contends with impending recession and a historic drought.

Without cash on hand, there is some question as to how much longer the government can prevent the peso from collapsing, and a currency devaluation will likely fan 104 percent inflation while exacerbating social unrest ahead of the October presidential elections.

For decades, Argentina has struggled to build and maintain healthy levels of international reserves, running through available cash to fight rising prices and meet its obligations on overseas bonds.

While the country now has less than $34 billion in foreign reserves, the majority is currently locked up in less liquid assets like gold, credit lines with the Bank of International Settlements and China, and any US dollars Argentines have in savings. This is a problem for a country desperately in need of cash on hand.

Its liabilities in foreign currency already outpace total reserves by around $1 billion, the worst ratio since Argentina’s economic crisis in the early 2000s.

Over the weekend, Bloomberg reported that the country plans to unveil a series of emergency measures to curb additional currency losses, including an increase to its key interest rate.

Argentina’s monetary authority will raise its benchmark interest rate by 600 basis points to 97 percent while boosting intervention in the foreign exchange market, an official from the Economy Ministry said.

The government plans to obtain further international support to increase its dwindling international reserves by speeding up deals with Brazil and China through the BRICS (Brazil, Russia, China, and South Africa) group and the International Monetary Fund.


Poster Comment:

Chart at source.

Hitler escaped to Spain at the end of WW II. From there he went to Argentina. I know this from reading the books Gestapo Chief by Gregory Douglas.

And what makes you think the Gestapo would be unable to switch Hitler's dental records?

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#1. To: BTP Holdings (#0) (Edited)

I hope he lived out a nice normal reasonably happy lifespan there. Argentina was a real country back then and is ever fascinating despite its constant torture by political criminals.

NeoconsNailed  posted on  2023-05-18   0:01:00 ET  Reply   Untrace   Trace   Private Reply  


#2. To: NeoconsNailed (#1)

Argentina was a real country back then and is ever fascinating despite its constant torture by political criminals.

Indeed, Juan Peron was a Fascist. So what better place for Hitler to flee than to Argentina.

Otto Skorzeny, the former Austrian born Waffen-SS Obersturmbannführer (Lieutenant Colonel) who was deemed by the Nuremburg Tribunals to not have committed war crimes, moved to Spain and was running the movement to get escaped Nazis to Argentina. ;)

BTP Holdings  posted on  2023-05-18   22:04:35 ET  Reply   Untrace   Trace   Private Reply  


#10. To: BTP Holdings (#2)

Otto Skorzeny, the former Austrian born Waffen-SS Obersturmbannführer (Lieutenant Colonel) who was deemed by the Nuremburg Tribunals to not have committed war crimes, moved to Spain and was running the movement to get escaped Nazis to Argentina. ;)

Funded by your "friends" in DC.

Original_Intent  posted on  2023-05-20   20:59:24 ET  Reply   Untrace   Trace   Private Reply  


#11. To: Original_Intent (#10)

Funded by your "friends" in DC.

Hitler escaped to Spain. He did not commit suicide in the bunker in Berlin. Do you think the Gestapo would be so incompetent to not switch Hitler's dental records? He had a cousin that looked nearly just like him.

You need to read the Gestapo Chief books by Gregory Douglas. Heinrich Mueller escaped to Switzerland at the end of the war.

Hitler knew of his plans and gave him a briefcase with $50,000 Swiss Francs in it. He told Mueller, "This is the best I can do for you."

Mueller flew a spotter plane to a clearing near the Swiss border and crossed over.

U.S. representatives went there in 1948 to interrogate him. They asked about Hitler. Mueller replied, "You can try Spain." Then he added, "Perhaps the Russians can go to Barcelona and ask Franco about him. They might end up buried in an orange grove."

Then he told the Americans, "And if you went there you might end up in the next orange grove over."

Mueller was brought from Switzerland to the U.S. under Operation Paperclip, given a rank of Major in the U.S. Army and he played the piano for Harry Truman.

The reason Mueller was brought here was because his specialty was Soviet counter-intelligence. And we all know where the Soviet Union is today. ;)

BTP Holdings  posted on  2023-05-21   11:44:00 ET  Reply   Untrace   Trace   Private Reply  


#14. To: BTP Holdings (#11)

Harry Cooper: Book 'Hitler In Argentina’

The reason's and the sick philosophies behind the Turd Reich have yet to be fully revealed. The Fourth Reich, which was and is, supported by Der Bushes, is trying to take over. Read Jim Marrs' books - Ruled By Secrecy.

An interesting video about what well could have happened. www.youtube.com/watch?v=Gw1hgOlHTD4

Original_Intent  posted on  2023-05-22   21:06:58 ET  Reply   Untrace   Trace   Private Reply  


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