Isn’t he functionally having the US replace the central bank? That might be what other commenters are missing when they are talking about coups. If he gets overthrown, surely it would be by Argentinian nationalists of some kind for basically trying to proactively make Argentina a colonial holding of the US.
You are correct he’s trying to dollarize their economy on purpose, which is nuts because most of the time dollarization happens when people don’t trust the local currency and keep importing dollars to use, and it fucks up the economy usually because the government has no ability to influence the economy anymore if everyone is transacting in a foreign currency
Isn’t he functionally having the US replace the central bank? That might be what other commenters are missing when they are talking about coups. If he gets overthrown, surely it would be by Argentinian nationalists of some kind for basically trying to proactively make Argentina a colonial holding of the US.
You are correct he’s trying to dollarize their economy on purpose, which is nuts because most of the time dollarization happens when people don’t trust the local currency and keep importing dollars to use, and it fucks up the economy usually because the government has no ability to influence the economy anymore if everyone is transacting in a foreign currency