Trump to Milei – ‘Make Argentina Great Again’

Trump to Milei - Make Argentina Great AgainRight News Wire – Voters in Argentina elected a new President on Sunday.

The results could be a harbinger of bad news for Democrats in 2024.

And Donald Trump had four words for Argentina’s new President that sent Democrats into a fit of rage.

Javier Milei rocked the political world on Sunday when he won Argentina’s Presidential election by nearly 12 points over his opponent and current minister of the economy Sergio Massa. Continue reading

Condor Shows Love For His Rescuer

condorThe Burning Platform – Enormous condor returns to thank man who saved him years before as rescue creates unique bond between unlikely pair

A condor has struck up an unusual friendship with a man who saved the huge creature’s life.

The man nursed the condor back to health after it reportedly fell from a nest as a baby.

And the condor clearly didn’t forget his rescuer, as video footage shows the pair greeting each other with hugs and one big warm embrace, after the condor returned.

After being rescued, the condor – the largest bird in North America – was then able to learn how to fly and return to normal life.

In the video the condor flaps its wings before appearing to move in for an embrace with the man.

https://youtu.be/DmgB34Ys33g

 

Despite their differences, the pair appear completely at ease in each other’s company.

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Exponentially Increasing Prices

increaseGary Christenson – The exchange rate between the Argentina Peso and the US dollar in January 1945 was 4.17 pesos to one dollar.  Like the United States, Argentina created substantial price inflation – devaluation of their currency – in the 1950s – 1990s.

According to Wikipedia Argentina devalued their currency by a factor of 100 in 1970, by another 10,000 in 1983, by another 1,000 in 1985, and by another 10,000 in 1992.

From Alan Greenspan in 1966:  “In the absence of the gold standard, there is no way to protect

Argentina Pesos per US Dollar (View Chart)

Price of Gold in Argentina Pesos – View Chart

Suppose your savings in Argentina pesos had been valued in gold.  Take the peso to dollar exchange rate and multiply by the price of gold in dollars and we see the price of gold in 1945 pesos.

The point is this:  Argentina devalued their currency from 1950 onward and more aggressively in the 1970s, 1980s and 1990s.  The difference between Argentina and the United States (and Japan, the EU, the UK, Australia etc.) is mostly a matter of degree.

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