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20 Nov 2023

Fiat money debasement does have some strong polical and economical consequences

Javier Milei has just won Sunday’s presidential runoff against Economy Minister Sergio Massa. Javier Milei, a 53-year-old far-right economist and former television pundit with no governing experience, claimed nearly 56% of the vote, with more than 80% of votes tallied. Voters in this nation of 46 million demanded a drastic change from a government that has sent the peso tumbling, inflation skyrocketing and more than 40 percent of the population into poverty. With Milei, Argentina takes a leap into the unknown. He has promised to fix Argentina’s perennial economic problems by making drastic budget cuts, replacing the battered peso with the US dollar and shutting down the central bank. He will take office on December 10th.

29 Sep 2023

Global currencies vs. the dollar last 10-years % change

Source: Charlie Bilello

21 Aug 2023

Major reserve currencies since 1250

by James Eagle

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