https://www.lewrockwell.com/lrc-blog/milei-bailout/
While American businesses and consumers are bearing the burden of higher costs from tariffs and inflation, the United States is providing a $20 billion bailout to Argentina’s Milei regime. This bailout is separate from the $20 billion bailout given by the International Monetary Fund (IMF) to Argentina earlier this year. Argentina is by far the largest debtor to the IMF.
US Treasury Secretary Scott Bessent said the US has reached a $20 billion currency swap agreement with Argentina’s central bank, allowing it to exchange Argentine pesos for the US dollar. CNN reported that the US also bought, “an undisclosed amount of Argentine pesos.”
The bailout would greatly benefit Rob Citrone, a billionaire hedge fund manager with substantial investments in Argentina. “Bessent’s personal and professional relationship with Citrone has spanned decades,” according to journalist Judd Legum.
“It’s unclear why the Trump administration is providing a de facto bailout of the Argentinian peso when there is no significant financial or economic relationship between the two economies,” said Joseph Brusuelas, chief economist at the audit and consulting firm, RSM.
Furthermore, we should question whether the US bailout of Argentina is motivated by the Milei regime’s enthusiastic support of the US and Israel’s genocide in Gaza. We should acknowledge that President Trump is a puppet of political donor Miriam Adelson and Israeli Prime Minister (and de-facto US President) Benjamin Netanyahu.
Ordinary people suffer the consequences of the reckless economic policies of their politicians. The Argentinian people should demand the immediate removal of the incompetent Milei regime and the American people should demand the immediate removal of the treasonous Netanyahu-Trump regime.
5:28 pm on October 19, 2025
