2024-12-20
Argentina has had a chequered financial and political history.
"By 1900, Argentina’s economy was bigger than the rest of Latin America put together, and about the size of all of Western Europe put together. There seemed to be nowhere to go but up"
But, then the politicians did what politicians do.
"For much of the 20th century, Argentina slipped into severe economic decline and remained so for decades"
But President Milei has put a stop to the decline:
"Milei has abolished entire government departments, fired ministers and drastically reduced the size and scope of government"
"This year, Milei announced that Argentina had just run a budget surplus – its FIRST surplus since the golden years of the early 1900s"
Clearly no ordinary politician then. Although a month or two does not a lasting revolution make.
Much like Argentina pre Millei.
"According to its own financial statements, the Federal Reserve is literally insolvent"
It can drive either inflation or recession, according to current monetary dogma.
How does the UK compare?
More or less exactly as the USA, also as yet without our version of President Milei.
The omens are not propitious ...
And yet, Argentina shows what can be done by dispensing with much of the ruling classes!
Is it true that the primary achievement of our political classes (including all the massive but untouchable panoply of the Civil Service and their associated QUANGOS and NGOs and Regulators and Bankers who all want to centralise power unto themselves) is to ruin the economy and drive us all into destitution?
Is it not the very recipe that seems to have led all of the western world into the same cleft stick?
Prove me wrong!
