The president of Argentina, the ultra -rightist Javier Milei, has returned to the United States – they go nine since his entry into the Casa Rosada – to start a conference tour in which he will explain his management of the Argentine economy and, also, go to the Conservative Political Action Conference (CPAC), the Ultra Convention that the Maga Movement has used for years as its showcase and in which, at least this year, it will embrace the ultra -right European, with the Italian Giorgia Meloni and the Frenchman Jordan Bardella as the stars invited to a conference that will be held in Washington.
The Argentine President also appears on the guest list, which repeats as a higher reference for the Latin American ultra -right and that, despite the crisis that has been unleashed in Argentina by the and that granted this week to the channel TN To explain their relationship with a plot in which entrepreneurs and advisors of the Argentine President are involved, he has decided to step on American soil at the blow of chainsaw. Never better said.
Because the Argentine president, in his first act as soon as he arrives at the CPAC, has made a gift to billionaire Elon Musk, with whom he has met in an outside an agenda and whom. Because, what better “friendship” symbol between two figures that have made the cuts their flag? “The Motorier (sic) arrived at Doge … !!! The Chainsaw has arrived at doge … !!! cryptocurrency.
After the first meeting, with Elon Musk haranging the public gathered at the Gaylord Convention Center, in Washington, the right hand of Donald Trump and Milei have staged a small entremés in which they have simulated an unchanging meeting and the delivery of a gift unwrapped between scenes. “Milei has a gift for me,” the (Doge) released an enforced audience, who came up with applause.
Then, the president of Argentina returned to the scene with the chainsaw in hand, handed it over (in case it had not been clear) and both shake hands. According to the Argentine Presidency, the chainsaw is a replica that Milei has in his office.
This peculiar gift exchange marks the beginning of the Milei Agenda in the United States, which includes a meeting with Kristalina Georgieva, managing director of the International Monetary Fund (IMF). The Argentine president said a few days ago that the country is close to closing a new agreement with the agency, which Argentina owes about 40,000 million dollars. But before, this Friday, he will pronounce a conference at the headquarters of the Inter -American Development Bank (IDB) under the title of The Argentine economic model. Then he will meet with Ajay Banga, president of the World Bank. And on Saturday, on his last day in American soil, he will intervene in the closure of the CPAC, where Donald Trump is expected to also take the floor. A full -fledged ultra -right encounter, where the cuts and populist rhetoric will be the protagonists.
The cryptocurrency scandal ‘$ Libra’
While Javier Milei wants to divert attention from the cryptocurrency scandal ‘$ Libra’ with this US tour, in Argentina he still collected the controversy for his statements in the channel interview TN where he said that “he did not promote” the digital currency, but “spread it”, trying to disconnect from a financial collapse that has left thousands of investors in ruin. According to the consultant Nansen, The collapse of the virtual currency has affected 86% of investors, with losses around 251 million dollars.
The case of the $ Libra cryptocurrency has plunged Javier Milei in a political and media storm while, every day, new details come to light. On Friday, the president of Argentina used his social network account X To support the project Long live the Freedom Project, An ambitious financial scheme that promised to revolutionize the crypto market. In a matter of hours, the value of the asset shot, attracting thousands of investors who saw a golden opportunity in the digital currency. .
Shortly after, when $ Libra reached a stratospheric value, the big investors bet – once entered the territory of profits – for the withdrawal of their money. As expected, the value of this cryptocurrency collapsed at the same rate as the accounts of the small investors who had trusted Milei to invest in the cryptocurrency. By the way, the Argentine president eliminated his message from social networks without giving explanations and then comparing the victims with the players of a casino who lose a bet.
Behind the collapse of $ Libra there was a network of entrepreneurs and advisors, who are already investigated for an alleged large -scale fraud. Hayden Mark Davisa US businessman who claims to be an advisor to Milei in asset token, he was the one who presented the idea. But after collapse, the Argentine government denied any relationship with him. Another key actor was Julian PehCEO of KIP Protocolsignature indicated as the head of the development of the currency, but that the project was separated alleging that its intervention would only be given in later phases. In Argentina, the name of Mauricio Novellian entrepreneur linked to Javier Milei before his arrival at the Casa Rosada, also for another cryptocurrency, and who, supposedly, was the one who facilitated the first contacts with investors.
Meanwhile, Judge María Romilda Servini already has more than a hundred complaints against the president of Argentina for, supposedly, participating in large -scale fraud. The investigation will determine whether the rise and fall of $ Libra is due to a speculative bubble or a scam designed to harm thousands of investors.
The future of the National Bank
But Milei’s chainsaw not only cuts in the private financial field. In a new movement to reform the State, the President has signed a decree to make the state Bank National, the largest financial entity in Argentina in the Anonymous Society.
According to the document, the bank’s conversion is a previous step to open its capital to private investors.
The decree establishes that the Argentine State retains 99.9% of the shares, while the Banco de la Nación Argentina Foundation remains 0.1%. The National Bank, with 721 branches in Argentina and presence abroad, has assets for about 48 billion pesos and leads the country’s financial sector.
The transformation of the National Bank in Sociedad Anónima, however, does not like the Banking Association, the main union of bank workers in Argentina. “We declare ourselves in a warning and mobilization. Today there will be a meeting of the organic bodies of the union to determine the action plan to follow, in defense of the National Bank and public banking, ”he says in a statement.
