By demolishing the United States Agency for International Development (USAID) coupled with the destruction and waste laid in the US State Department, Trump has destroyed the capacity of the United States to work with countries in a structured manner with international, economic expertise and market savvy. And now Trump has resorted to picking “winners & losers” in the world economy and giving them money??…., which I imagine is an attempt to build some sort of economic future for the United States after he destroyed the economy with his tariffs and destruction of our institutions and norms.
So the first “winner” that Trump has chosen to give billions of US dollars to is the, ….. wait for it….
Argentina!!!
Our orange tinted, business genius is giving 20 billion dollars from the US treasure (US tax dollars) to the failed regime of President Javier Milei where currently, the annual inflation rate is approaching 230% .
U.S. Treasury Secretary, Scott (Knuckles) Bessent is “negotiating” to help stabilize the peso and restore consumer and investor confidence in Argentina. But, this is just another scam that will send billions of US tax dollars to high level thieves, this time in another country. I would guess that all 20 billion US dollars will immediately be paid out to the elite in Argentina, who will then run off to Europe to enjoy their billions (for more information on who will receive the money, please see “Further Clarification” at the end of the rant).
Argentina is renown in the international economy, for the economic crashes and the disappearance of gobs of World Bank and IMF funds meant to help the economy. And, I will ask a question? Are the wealthy in Argentina even less scrupulous than the Trump Administration?
Of course it is impossible to match the level of corruption in the Trump administration, but I will attest from living in the Southern Cone, there are Argentinians that are very adept at making large amounts of US dollars disappear with little record.
Below is a register of Argentinian defaults and currency re-valuations. Leaving the poor to “hold the bag”, while the wealthy run to Europe and play.
| Year(s) | Event | What Happened | Currency Impact |
|---|---|---|---|
| 1930s | Great Depression & default | Argentina defaulted on foreign debt in 1930, entering a “lost decade.” | Peso moneda nacional devalued; remained unit until 1970. |
| 1970 | Peso Ley introduced | Chronic inflation led to dropping two zeros. | 1 peso ley = 100 old pesos moneda nacional. |
| 1983 | Peso Argentino introduced | Inflation spiraled. | 1 peso argentino = 10,000 pesos ley. |
| 1985 | Austral Plan | Hyperinflation forced another reset. | 1 austral = 1,000 pesos argentinos. |
| 1989–1990 | Hyperinflation & collapse | Inflation >3,000% annually. | Austral survived but became worthless. |
| 1992 | Convertibility Plan | Peso reintroduced, pegged 1:1 to USD. | 1 peso (ARS) = 10,000 australes. |
| 1998–2002 | Depression & Default | Sovereign default, “corralito,” peso-dollar peg abandoned. | Peso (ARS) devalued (1:1 → ~3:1 vs. USD). |
| 2018 | Peso Crisis & IMF Program | Market panic, record IMF loan ($57B). | Peso (ARS) lost ~50% vs. USD. |
| 2019 | Debt “Reprofiling” & Controls | Currency controls return, further collapse. | Peso lost another ~40% vs. USD. |
| 2023 | Triple-digit inflation | Inflation >200%, multiple devaluations. | Peso collapsed further in official & parallel markets. |
| 2024 (May 7) | ARS 10,000 banknote issued | To cope with inflation. | Still ARS, new denomination. |
| 2024 (Nov 13) | ARS 20,000 banknote issued | Highest denomination to date. | Still ARS, new denomination. |
Trump is throwing money away. He has neither the team of experts nor the knowledge for helping another country’s economy. This is just a cash throw-away to would be fascist allies. 20 billion at that and now considering another 20 billion? So a total of $40 billion now (Oct 16th, 2025)? Trump administration corruption with our tax dollars.
And further complicating Trump’s efforts to build an alliance with Argentina, is the the fact that the day after Trump announced his $20 billion bailout, … Argentina lowered their export taxes and sold 7 billion dollars worth of soybeans to the Chinese. Effectively, replacing the US soybean with Argentinian soybeans in the world market.
I predict that the Argentinian economy will collapse, probably in the next 6 months. Trump will try to prop the economy up with even more money probably (40 billion projected now?), but with the thieves syphoning the money as fast as Trump puts it in, there is no chance that the Argentinian economy will recover a stable footing.
I hope I am wrong about this. Comments and opinions are welcome.
Further clarification:
My analysis is from my own experience and more of a rant that lacks background details that help to better understand how we got here.
If you want to learn why Trump is supporting Argentina, and why economic conditions are deteriorating in Argentina and here, watch this deep dive with Max from @UNFTR, where he explains what is going on economically with Argentina, the US and China. And we learn more about how big a fool our President is.
Long story short, one of the most important objectives of the 20 billion dollar transfer to Argentina, is to make whole the US billionaires and hedge funds that invested in Argentina. Good Ol Knuckles Bessent, who lost more than @ 4 billion dollars managing his own hedge fund between 2015 and 2023, is going to look after his buddies. “Knuckles” knows how to lose big money (other people’s money), and then get the government to cover his losses (socialism for the rich).
And now he and Trump are sending more money to Argentina? Which will then be sent back to the US hedge fund managers that have invested in Argentina? So at least all the billionaire hedge fund managers will be made whole. The economy of Argentina is going into the clapper.
That is the Trump world we live in. Corruption and concentration of wealth.
High Desert Explorations 