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Ingraham: U.S. Treasury finalized $20 billion currency swap framework with Argentina… What do we get out of it? Bessent: We get a lot out of it… he is committed to getting China out of Argentina Ingraham: It’s not a bailout? Bessent: Not a bailout at all… buy low, sell...

1,366,731 views • 9 months ago •via X (Twitter)

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🇦🇷The Argentina Bailout: Who Really Benefits? The Trump administration just finalized a $20 billion financial rescue for Argentina, but critics suggest it’s really a bailout for Wall Street hedge funds. 📌 How the $20 Billion Works 🔸The package has three components: 1. A $20 billion currency-swap line, letting Argentina trade pesos for dollars to support its collapsing currency. 2. U.S. Treasury purchases of Argentine bonds, both new and existing. 3. An emergency credit line if the peso crisis deepens. Treasury Secretary Scott Bessent insists this isn’t a bailout, but the structure closely mirrors previous rescues like Mexico’s 1994 bailout. 💰The Wall Street Connection: Major U.S. investors — BlackRock, Fidelity, PIMCO, and billionaires Stan Druckenmiller and Robert Citrone, all heavy holders of Argentine debt — stand to gain the most. Citrone, a former Soros colleague of Bessent, reportedly urged intervention as Argentine bonds risked default. The deal now shields those bets with U.S. support. Sen. Elizabeth Warren and seven other Democrats have moved to block the package, warning that it privatizes profits while socializing losses — echoing 2008’s bailout dynamics. They say they are investigating whether hedge funds influenced the Treasury’s decision. 🌾 Domestic Fallout U.S. soybean farmers say the plan rewards Argentina’s export surge while undercutting their prices. Watch Breaking Points (Ryan Grim & Emily Jashinsky) break down how this bailout strengthens Wall Street and crushes U.S. farmers.

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59,153 views • 9 months ago