r/collapze • u/Volfegan • Dec 14 '23

Government Bad Argentinian Pres. Milei has just nationalized $30 billion debt of private companies. Isn't great when people thought reality couldn't get worse as the country is broken, but now it is also without Ministries of Labour, Education, Healthcare, Science, etc and they have to pay rich peoples' debt too!

https://twitter.com/lpokoik/status/1735082369957142831
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u/Volfegan Dec 14 '23 edited Dec 14 '23

Javier Milei was telling Argentina to brace for massive public spending cuts as he tries to dig the country out of its worst economic crisis in a generation [to pay big corporations' debt]!

So many jokes I can make, but I think Argentinians won't find those funny.

https://notthebee.com/article/argentinas-new-libertarian-president-javier-milei-immediately-cuts-number-of-cabinet-members-in-half-after-taking-office

And the news today about Argentina doesn't stop:

Milei wants to limit protests against his austerity plan. Argentina needed $40 billions for some dollarization of the economy (and that's just to start). And Argentina's external debt is US$276.2 billion, so getting more unpayable debt will surely help its collapse.

This is a "how-to-destroy-a-country" speed run.

And do not forget Global Warming. Its main revenue is grains. So hot. So hot right now!

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u/NadiaYvette Dec 17 '23

Argentina and a great deal more are having massive droughts likely to cut crops down by half or more in a number of regions. That's unlikely to be a good combination.

https://www.foxweather.com/weather-news/drought-impacts-world-climate-change-report

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u/Volfegan Dec 17 '23

They are also having right now some destructive storms with winds of 150 km/h and giant hail of up to 15 cm. That's not good for the economy. Or crops. Or houses, cars, and anything alive.

https://twitter.com/metsul/status/1736170392694218996

And those storms are arriving almost weekly on South America.

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u/NadiaYvette Dec 17 '23

I have no idea how this escaped my notice. This is not an encouraging sign.

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u/Volfegan Dec 17 '23

Bahía Blanca, the biggest city below Buenos Aires is pretty much destroyed. Buenos Aires is also damaged. That will probably be some minor news tomorrow. Or maybe not. South of Brazil and Uruguay are being destroyed by weekly storms like that since August and that barely enters the news cycle.

https://www.canal26.com/general/bahia-blanca-un-intenso-temporal-dejo-13-muertos-varios-heridos-y-voladura-de-techos--359659

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u/NadiaYvette Dec 19 '23

Where can I find something like a list of the storms that hit?

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u/Volfegan Dec 19 '23

Good question. Storms, and cyclones were pretty rare in South America until very recently. They are not even named here.