The Duran Podcast Milei needs a US bailout
18 snips
Sep 28, 2025 Javier Milei may need a bailout from the US, raising questions about America's readiness to step in. The discussion dives into Argentina's constant reliance on IMF support and the significance of new financial aid. They explore Milei's alignment with former President Macri, revealing how past economic policies are resurfacing. The hosts also tackle the dangers of short-term fixes for the peso, emphasizing the need for a long-term reform plan. Additionally, the geopolitical implications of US vs. BRICS involvement and Argentina's lack of strong political alternatives are critically examined.
AI Snips
Chapters
Transcript
Episode notes
Repeat Cycle Of Currency Fixes And Collapse
- Argentina repeats past currency-management mistakes by borrowing to fix an exchange rate and suppress inflation temporarily.
- That overvalues the peso, kills export competitiveness, floods imports, and sows later financial collapse.
Milei Echoes Macri's Economic Team
- Mercouris recounts his early skepticism of Milei once Milei assumed office and aligned with Macri-era policies.
- He notes Milei even appointed Macri's finance minister, signaling continuity rather than radical change.
Dollar Loans Deepen The Crisis
- An overvalued peso encourages dollar borrowing and causes bankruptcies when the peg breaks.
- The resulting crash restarts inflation and increases Argentina's chronic default risk.