Argentina’s new president warns nation of drastic measures to save economy
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- Опубликовано: 10 дек 2023
- In his inaugural speech, Argentina’s newly-elected president, Javier Milei, braced the nation for a painful “shock adjustment” in the midst of the country's economic woes. NBC News' Rehema Ellis outlines some of Milei's plans for drastic spending cuts.
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#nbcnews #argentina #economy
I hope the best for Argentina.
Hope does not achieve "the best" for Argentina.
Ok, there are some possible ways Argentina will improve, so there is hope publicly. The People are under God, and rule over the Earth. Nothing changes until I am wiser and older.
This report tries to depict Milei as some type of extremist clown, but fails to mention that he has been a professor of economics for more than 20 years, has two masters degrees, and has authored 50 academic papers.
So? Doesn't mean nothing when he starts spouting nonsense. Argentina is a parliamentary democracy so hopefully, the moderate voices in office can cancel out this man.
Get a job lefty
@@Killgore-ip2yqso let the status quo continue and let rampant inflation go out of control? How about learn how to live under meager budget until inflation goes down?
@@Killgore-ip2yqa democracy with high inflation like here in the United States sloppy joe got in office can you name one thing positive that Joe Biden has done in office besides destroy the United States
@@Killgore-ip2yq
He’s fighting nonsense wokeism:)
This seems exciting an economist as President…most politicians cant even do simple math let alone understand an economy.
So this is no lie just look it up, this guy talks to a medium to communicate with his dead cloned dog for financial advice....let that sink in.
He may be book smart but not have political instinct or leadership ability. It’s exciting but also scary. But the people have no other choice.
Don't get too excited. Peter Navarro was, supposedly, an "economist." So was Art Laffer. Both were......eehhhhh...."not credible" in their profession.
😢his a fascist, nationalist
Yeah yeah... puh-tay-toh puh-tah-toh. Most economist can't even agree on what to do with this crisis.
I pray for his success! All the best to Argentina! 🇦🇷 ❤from the 🇺🇸
Gracias Bambi, el deseo es mutuo...
Toso sea por un mundo mejor!
I wish them the best. Something clearly has to be done to turn things around. By all rights Argentina should be rich. It is a testament to government ineptitude and corruption that they aren't.
It's not the government that's the problem it's the few elite landowning families that control the governments and keep the country under developed, which they don't care about developing as long as they profit from exporting low value goods.
Let me give some context. Milei didnt "turn his back to congress, to adress the people outside" as you put it. 1) He was adressing the whole nation. 2) The people in the congress here, make so much money, by just going there a few days per month. Making 1,75 M pesos per month, while the basic income salary is almost 200 k, so they have no worries in this economic crisis like the abridge people do, including me. So his move was very patriotic if you ask me. As an Argentinian who has never left his country.
Yea. He is typical populist in Latin America. He is right wing version of Maduro. Shouting and screaming. Making crazy demands n promises.
@@TRAVISJay-if8yh 6 day old burner acct...
@@mikusoxlongiushard to not get banned here.
Seems like another trump.
Get ready to send your sons to fight for the greasiest ally in the sand.
Doesn't matter what he did during the speech Argentina is going to get EFFED up.
If he manages to pull this off, I will be a regular tourist in Argentina. Best of luck!
I hope he will take advantage of the chance his citizens gave him and save his country's troubled economy
He is telling his people the truth unlike the criminals we have running this country. To the people of Argentina 🇦🇷 congrats 👏🏿.
😂
Far right for being fiscal responsible??
It is what the AMERICAN GLOBALIST MEDIA wants people to believe. 😂😂😂
Anyone against stupidity is FAR RIGHT to the American media.
I know right? You would think fiscal responsibility would be dead center in any kind of reasonable society.
This guy has good intentions hope he does well for his country
I thought this was a Bennie Hill comedy skit...
All signs are he's deranged. Don't get your hopes up. The Elvis haircut and sideburns? I mean - come ON.
Selling his country to the US is having good intentions?
@@oldrrocr the hair??
Well... you know what they say about good intentions and a certain road.
The United States is $34 trillion dollars in debt, growing larger every day, and the middle class being taxed out of existence. What happened in Argentina can happen here, because mathematical reality does not respect political ideologies.
3:15 - "Would not fix their economic woes anytime soon"
Okay? So your point is to let them keep government spending an floundering in inflation? The President appears to be making necessary changes to fix the country.
these dumb id1ots expect th economy to be fixed in 1 year, or he is the worst president ever
I wish him the very best, Argentina deserves a President that represents the people. Good things are happening for Argentina.
I like the man! I pray he gets the support he needs to restore a once great Nation!
You know this is going to hurt the people of Argentine, even though this is what they should have done a long long time ago. I feel for them already.
@@singlefather01We should pray Argentina succeeds, Viva Argentina!
A REAL HERO for his country
oh please... better than Batman? :v
He's a hero for the landed elite of the country but not the working people
Let’s go Argentina 🇦🇷 🇺🇸
God bless. Wish him and his nation the best.
Felicidades a los hermanos argentinos…. Han escogido un gran presidente…..
😂
Hopefully it doesn’t turn out like trump.😂😂😂 he already put his sister to steal
y tu como sabes que va a hacer un grand presidente😂😂😂 aluzin como el hahaha
@@lobok.707 es un hombre que le teme a Dios que quiere lo mejor para Argentina… me recuerdan sus ideas a las de nuestro presidente AMLO, ojalá y sea como el para su país y pare la corrupción…
@@jorgebravo4544 I take trump over Biden any day of the week… twice on Sunday…
Love him!
Hey, this guy is awesome😂 respect from Texas
Can someone explain to me why Americans call "extreme far right" to anyone who is to the right of Marx?
Because most of msm is all leftists/Marxists.
It’s not “Americans”, it’s msm and activists
Thay try to keep you confused.
Government always messes up everything.
1)He is libertarian not far right. 2)The people already chose the dollars because of their inflation. Argentina has 45 million people and yet it's one of the top 5 countries with the most cash dollars on hand. 3)Argentina's policies are socialist and they have defaulted 11 times on their debt obligations, which is what Democrats want to do in the USA 4)He won the election with a 12 % difference making it a referendum.
He's a dictator wannabe, just like 45
Exactly, these reporters are trash. They diminish a leader that appears to be making necessary changes to improve the country.
@mocheeks709
Hush now you sound silly 😅.
@@mocheeks709 libertarian is the opposite of dictatorship. X_X
@@mocheeks709the TV tells you what to think. Beep boop.
We need drastic measures here in America. Our spending is out of control.
Cut back on military spending
Cut back on giving our hard earned tax dollars to ungrateful countries for laundering to our corrupt government officials......
@@fitawrarifitness6842 So stop giving money to Ukraine.
^ And here we see the problem in a nut shell. Everyone has their personal pork project to spend on.
The line-item veto got around this problem in the 1990's, but it was ruled unconstitutional.
@@fitawrarifitness6842 We need the military and deep down you know that
omg hes great!!!! Make Argentina Great Again!! They getting the DOLLAR!!!!!
That he literally admitted that they will need to get through a period of adjustment makes me respect him. Few politicians would dare say that, yet here, the president, is telling his people, that their country is so badly run, they have to build from functionally nothing.
By economic experts you mean those that say governments can spend their way out of debt and if it fails government’s just didn’t spend enough ?
🤔 in order for him to change Argentina's economy he has to work with the United States and others.. that means getting rid of all the political corruption in his country
HE IS USA PUPPET N WILL BOW DOWN TO USA MASTERS
Tying the Argentine economy to USD makes me think the European Central banksters are behind him. Why not go with Brazil and the BRICS money? Idk...
America has plenty of political corruption for everyone
Working with the US is like selling your soul to the devil
@@chillstep4lifecountries that work with the US historically have better economies and happier people
I am so jelly of the Argentinian people. I am a dual citizen US and Mexico. I love both my countries dearly. Regrettably they both have clowns as presidents
I’m not jealous of them I love having my house and nice car and not having to eat dogs for dinner like they do in that third world country. Sorry you are a poor clown
I have big hopes for Argentina. I know it won’t be easy and it will take a long time to bring some balance to the economy. O hope people understand that it is difficult to fix the economy of a country in just 4 years… But if El Salvador did it…if Ecuador did it… so can Argentina but the with Argentina it’s not only a political problem but also a cultural and social problem. Put soccer on the side and focus on working and separate soccer from politics.
Definition of 'far right': someone who believes lazy people should work for a living and buy their own food.
I think this guy will be great. Not like Argentina can get any worse
It takes time to turn it around, hopefully he can stay strong. The people need patience, apparently it couldn’t get much worse from what it seems.
It always hurts to dig in and fix something that is completely broken.
God bless the new Argentine president!👍
I love that anarcho capitalist is far right winger now 😂
Anarcho capitalism is far right. You dont understand how politics or the spectrum works
@@physetermacrocephalus2209 Far-right today is linked with the fascist authoritarian movements of the past and not with anarcho-capitalism thus is basically used as derogatory term today, but you're right that Anarcho-capitalism is the purest form of far-right just like communism is the purest form of far-left, both require a degree of anarchism (no state). Milei is only an anarcho-capitalist in theory and not in practice, in practice he's a staunch liberal and minarchist. He has made it very clear many times even in his maiden speech (which they didn't show here)
@@AlbertoMurilloOcallaghan
Yes but that is a untrue and illogical way to judge the political spectrum based on politicking and not actually physics. Stop agreeing with a deceptive and factually wrong system of rhetoric just because it bennefits your specific faction. Thats selfish, immature and dangerous. You libertarians care nothing for the integrity of civics and it shows
Anything that isn’t worshiping radical extremist leftism as a new age religion is “far right”
When the media is so far left, everything to the right of Marx looks far-right.
I pray he can save their economic situation because Argentina is such a beautiful country.
CUT 5% of the GDP in public spending. Can these ppl even do a serios note ever?
Is anyone in America talking about this switch to dollars?
Painful for the ordinary person, not politicians
itll get better after 100 years (maybe)
Wish for the best for this once one of the richest country in the world. Argentina has every thing just need right person to lead.
A me gostaria de cambiar Brasil pela Argentina!Dios les bendigan! ♥️
Vocw mia🍌
Cheering for you from America sir! God bless you and your call to freedom!
Sounds like he's going to make Argentina great again.
MAGA 😂❤
2:40 In Panamà business owners are allowed self defense.
im praying as much as we all should be for such people
So when they get into power, they see the real problem and know that their promises are not possible.
He never said it was going to be easy.
I'm an American and I don't even want to use American currency. hope he knows what he's doing.
Which currency do you want to use? Be Specific!
@@seveglider8406 any currency that is also intrinsic..
Use bitcoin fr on god
@@block_head_steve240 Another Ponzi scheme which will dupe many people to lose their $$$
Here we go. Buckle up Argentina.
Hello denise, how are you doing? Hope you are having a great day
UK had a PM who made cutbacks and told the public: if it is not hurting, it is not working!! 😂😂
The problems, looting, inflation mentioned at 2.10 were existing problems and the reason he was voted in. The order of the problems at 2.10 is misleading. Switching to dollar and closing central bank were mentioned to "not fix the problems anytime soon", but the host did not mention cutting the ministries in half and going to fix dollar to the pesos 1 to 800.
Why is he far right? What exactly is far right?
“Far right” is anything that’s not extremist radical cultish far leftism. Basically you can be a unaligned centrist fence sitter and to these people you’d still classify as “far right”
That's just it: he's not far right. He's libertarian. To the far-left media, anyone further right than Karl Marx is far-right.
Like 6 months ago people were freaking out about dedollarization now we have the opposite
an experiment can go either way. but we hope best for our fellow argentians. love from india
He didnt say that during his campaign
we had the same in Peru when Fujimori was elected president, In 2000 Peru had the Fujishock due to the bad economy
Years ago the inflation was so bad in Argentina, that the inflation rate didn't change daily, it would change hourly. You would go into a store and by the time you picked your items and went to the register, the prices had increased because inflation rate changed
I think he has to change almost everything or anything has to be done.
Lets just hope people dont start disappearing
Just the Socialists and corrupt politicians
He just cut the value of Argentinian currency: "Argentina's new government says it will weaken the value of its currency by more than 50% against the US dollar."
We are turning our investment eyes toward Argentina
Good for them. Canada needs the same. And the US
Best wishes for the people.
23 seconds took them to say "far right".
South America is rapidly changing
God bless this man & protect him to do God’s will 🙏🏻
Which God? There are hundreds of them
He seems chill
It sounds like the basic structure of Argentina is broken. You need a strong hand to fix it,even if it means more hardship to replace a broken system.
Don't know any country off the top of my head with a libertarian president. Can't wait to see the results of his administration.
This will go very bad or very well.
Да, это очень интересно😊
@@Razor-gx2dq Bad or good, it will provide valuable data that will influence voters from around the world. Let us hope they they prosper.
@@joelcastillo5828 I agree.
He's a far right conservative. How is that libertarian?
Happy for country
Hardly "far right" imo. Hes openly called himself an AnCap.
no kidding, i am like so confused why people keeping saying "far right" and "libertarian" when he has said he IS ancap.
Anapa are far right
100 per cent inflation. And.were worried about 5 per cent
Did you hear about the chemist, the physicist, and the economist stranded on a desert island?
They only had canned goods. The chemist took the can and made various solutions to try to make it explode or crack. The physicist tried torque and angles and used various levels of force/mass. They turned to the economist and asked for his suggestion. He said, "Well, let's assume we have a total number of cans that will allow us to last for a total number of days; let's assume our demand and our supply will stay constant; and let's assume we have a can opener."
Hope for the best, but expect the worst❤
Make Argentina Great Again
America need a guy like this or Danib Bukyle
I admire him for telling a hard truth to his people , something ours are to crooked to do. Our people are to spoiled and can't understand what the libs have done will take some sacrifice to correct.
You mean bringing the nation out of the downturn the pandemic caused? We're doing better than any other industrialized nation.
@@skipnasty8057when you have zero argument, correct that spelling!!
Argentina has been a mess for a long time...30 years or so.
@@scratchd0gWhen you're too lazy to actually learn English your side has nothing of value to say.
Please explain what you think genuinely needs to be done to “correct” this country economically and explain it thoroughly. Also tell me who you think should be making decisions for this country.
Go on
Love from America 🇺🇸
Arg is América us" is correct
hes for the people
Notice how this YTube calls him a “Right Wing” Extremeist!
Oh Father,
have mercy on all mankind and heal our land.
The economy is based of a healthy society.
You cant stop tending your crops out of "austerity" and expect a good harvest.
I like this guy, so far.......
So basically, the news said that he’s not gonna be able to do anything so based on that he will be able to lol
Destruction and hardship before the "Great Reset" Utopia
Make no mistake, he is controlled opposition.
They are in every country.
The bad cop- good cop game, both with the same endgame.
So then what’s the answer and who to trust?
Me gustaria que por lo menos el continente Americano desde Alaska asta Tierra del Fuego las leyes castiguen la corrupcion con pena de muerte...
Seria la salvacion para toda la gente que busca un mundo sin corrupcion y delincuentes...
All I know of Argentina is the madonna movie evita
This is great I thought he would just lie to people and say that his amazing reforms would cause nothing but good things immediately. I just don't have faith in the argentine people to actually stick through it
Everytime I see this guy's pic I think it's a pic from the 70s😂
Don't show the chart!
judgement should be passed on his results, not his rhetoric
This guy is dreaming !! There is no way out except increasing production and changing to the dollar is not going to happen as he will totally dependent on another country economic policies .
It needs an Industrial Revolution !
Seems like a great leader. Will we see the rise of El Salvador and Argentina as the USA and Europe decline?
Argentina the Next Venezuela !!!
These are the leaders the recent elections have given to the world: the TV pundit, comedian and celebrity. Are these bunch the best options for governing a country? Sadly, the answer is resounding NO!!!
Do you disagree with the voters who elected these people? Clearly, the voters thought those people were the best options. Millei wants to make Argentina great again.
I can't believe the people in these comments don't realize how scary this is.
Scary how?
VIVA LA LIBERTAD, CARAJO!!!
That's what we need in the US. We broke.
Why does the thumbnail look like a monty python skit