cross-posted from: https://lemmy.zip/post/51070777

“Yet, they never have the funds for healthcare coverage for all,” said Congresswoman Rashida Tlaib.

  • LifeInMultipleChoice@lemmy.world
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    2 days ago

    Out of curiosity, what does this do to the USD? I know it is a “small” amount relative to our country, but if they are swapping $40b in U.S. Dollars for a currency of high volatility, isnt it a guaranteed loss of believed stability in those USD up to that amount?

    • icelimit@lemmy.ml
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      2 days ago

      Soft power I guess? Maybe strings to dump us agricultural produce that is losing their market due to taco shenanigans.

      • MrMakabar@slrpnk.net
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        2 days ago

        Actually thanks to US money, Argentina was able to support its farmers by lower export tariffs for soy beans. They then sold a hell of a lot of those to China. Soy beans used to be the biggest US export to China…

        • icelimit@lemmy.ml
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          2 days ago

          Maybe in turn us gets to sell it’s GMO seeds to Argentina exclusively, displacing local seeds/agricultural self sufficiency forever? Idk

          • MrMakabar@slrpnk.net
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            1 day ago

            Milei wants to dollarize Argentina. Ones you do that, it is very hard to move to your own currency again and it would give the US massive influence over Argentina. The good news is that Argentina has a much more functional democracy then the US and their parliament is stopping Milei from doing too much bs. So probably this is going to fail.

      • prole@lemmy.blahaj.zone
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        1 day ago

        Lol soft power.

        Oh you mean like all of the soft power that we built up over the past 80 years and has been completely wiped in the past 10 months?

        Soft power like that?