Debt ceiling hypocrisy: US boosts military budget while restricting food stamps for poor
Geopolitical Economy Report
00:00
The Importance of the US Dollar in Argentine Economy
For a country like Argentina, if you constantly import technology and other products, it's going to devalue your currency. The Argentine peso has been significantly decreasing in relation to the US dollar. This is also due to the massive debt it owes in dollars to Western vulture fundslike BlackRock. However, for the US dollar, because of the exorbitant privilege of the US dollar,. the US can keep importing and importing and importing way more than exports.
Transcript
Play full episode
