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Bessent preme il grilletto del dollaro statunitense, il gigante australiano accetta pagamenti in …



Bessent preme il grilletto del dollaro statunitense, il gigante australiano accetta pagamenti in …

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In a big gamble, Bessent is providing Argentina with a $20 billion swapline bailout PLUS a currency rescue package. Meanwhile, as Japan’s currency crashes, China’s RMB is getting more prominence on the world stage.

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View 29 Comments

29 Comments

  8. @AussieDave1948 on

    Historically Argentina has been a safe haven for Nazis, deposed dictators and all types of criminals like the UK’s Great Train Robbers for example so in my opinion Trump is setting up his plan B just in case the citizens of the USA revolt against him and he has to make a run for it.

  11. @marcosluizmoura4893 on

    Mr. Sean. A I.A. traduziu para português com muitos erros e prejudicou e confundiu o assunto. Argentina foi substituída por Malásia, falou-se que a China está promovendo o dólar etc.

  14. @malcolmfletcher7295 on

    From the Chinese point of view, the U.S. cards are exposed, the hand is weak and the U.S. is still trying to bluff. The U.S. cannot win, so it either has to call China a 'dirty cheat' and go for its gun, or fold. I wouldn't trust the present Administration — or any likely alternative — to make the rational choice. Pleasant illusions are precious and pride can be deadly.

  15. @Aaronofthefreenorthamerica on

    Argentina should not do this. They should follow the plan laid out by Richard Werner. A plan observed successful, especially in China. Open a lot of banks and loan out lot's of pesos. But, only loan out for business, small and medium sized businesses. No mortgages, no credit creation. When you loan to business, they hire and they produce. Production is the key and having a very low rated currency is actually helpful because it makes it highly competitive to export. If you increase the "money" supply, you have to increase the products available or you have inflation/devaluation. It's not complicated. Mortgages increase the money supply, no matter what BS the banks try to sell people. No one needs over inflated real estate, which also what mortgages do. If everyone is working, the free market will set house prices to value and what people can afford to save and purchase. Of course it will, and it's the same for all assets, luxury items and consumables. If people can't afford it, they either can't have it without personal fiscal responsibility and without banks creating credit currency or the free market adjusts it's business to what people can afford. Which it will do naturally. True, that won't allow for the easy creation of elite riches and centralized power structures of elite wealth but who cares but them? True, people in general probably won't get rich but they'll have a decent living and a secure economy. One thing leads to the other and in general their wealth will rise together. In such an environment, competition weeds out that which is bad, over priced, corrupt, dangerous, unethical, etc. Don't enslave yourself to the money masters Argentina, they are only looking to plunder and you're people won't benefit, yet again.

  17. @jeanhawken4482 on

    Remember when Scott Morrison cost us billions by changing the submarine contract with France and gave it to America. The dumb mongrel got a medal from trump and now works/slobs around for said friends. We are now paying billions for subs that we will never get. Do you really think any other country would do what America does, America cannot be trusted.

  18. @maxhugen on

    "By all accounts, Bessent had a stellar run as the Soros CIO for years, but by the end of 2023, his hedge fund Key Square Group had lost almost 90 percent of its Assets Under Management (AUM)" He did well while Soros kept an eye on him, but after leaving and starting his own fund, smart money gave him a go, yet after a few years investors said NAH and bailed out. So Bessent kissed TACO's ass, and is now managing the US's finances and advising the government on economic and tax policy. 🤣

  21. Anonymous on

    Argentina was going to move to USD it was always their plan, go back and listen to his plans from the beginning. Australia will not roll over on selling iron ore in USD period. Australia will bail out the world on rare earths and value added steel products. The world will accept higher prices from us in order to stomp out global bullies..

  22. @uwotmate6014 on

    If the Japanese yen is crashing, why it’s up the last week?

    This does really not help your credibility, Mr Sean Foo.

    The Japanese stock market is definitely down, but that’s an entirely different thing.

  23. @f1uufy on

    Fortescue Metals Group were already trading in RMB, and have borrowed RMB14.2 Billion at rates cheaper than either the US or Aussie governments can in their own currencies. The RBA and PBoC have had a standing local currency swap agreement since 2012, and there is a branch of the Bank of China in Sydney for trade clearing. It makes sense – why would a country doing so much 2-way trade with China waste time and money converting everything to USD? We have the same deals with Japan, Indonesia and Korea. Many other countries are doing this too with their biggest partners, and this has been happening since before BRICS. It is simply more efficient than doing on-market currency trades or converting to USD. Bessent and Trump can dribble all they want, but the market has moved on and it's not going back.

  24. @roberthansen1431 on

    Our big corporations are not attached to any country. They see the world as investments in their portfolio. In the end their home will be where ever they land their plane or dock their ship.

  27. @tacitdionysus3220 on

    How to enjoy reading YouTube comments.

    Note that truth does not mean the same thing to all.
    1 – To some ’truth’ means that which is in our minds corresponds usefully with that that exists outside it – at least to the extent it enables us to anticipate or effect what happens reliably.
    2 – To others, truth’ is anything which supports a favoured agenda – at least to the extent it enables us to feel satisfied or be rewarded. It doesn’t need to be predictive of anything beyond that.
    3. Truth is always human. What is ‘good’ to believe is not the same as what is true to believe. 
    4 – All people want, need and use lies.

    In YouTube comments or similar:
    1 – Many comments are ‘fake’, in the sense that they do not represent an individuals critical thinking about a subject, but merely a parroting of an adopted belief they find useful.
    2 – Fake comments may sometimes be (i) part of an organised campaign, (ii) the means of showing they are barracking for a cause, or (iii) to otherwise gain ‘brownie points’.
    3 – Fake comments are (i) usually short, (ii) not justified in any way, (iii) reliant on being said with conviction, rather than evidence, (iii) resonate with some adjacent comments, (iv) generally attack or try to shut down opposing comments, (v) hardly ever invite opposing views and (iv) are sometimes paid for by people or organisations with a vested interest.
    4 – Genuine comments are (i) usually longer, (ii) contain nuance, (iii) are open to considering opposing views (iv) may use humour to make a point, and (v) are at pains to explain their views with evidence.