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Breaking Points did a great breakdown of how corrupt this is.
This whole bailout is basically just Scott Bessent using the treasury to save his idiot investor friends, who are all leveraged on Argentina's currency.
US Taxpayers are getting doubly screwed because they're subsidizing Argentina, and Argentina is using the bailout guarantee to slash export taxes so that they can sell soybeans to China that the Chinese normally would've bought from American farmers before Trump started this bullshit trade war.
It should also be noted that USAID's budget was $35 billion, so whatever "savings" were supposedly incurred by shutting it down have totally been wiped out along with all of the tangential influence that those programs carried for the US. (USAID also bought soybeans from farmers for foreign distribution.)
This whole bailout is basically just Scott Bessent using the treasury to save his idiot investor friends, who are all leveraged on Argentina's currency.
US Taxpayers are getting doubly screwed because they're subsidizing Argentina, and Argentina is using the bailout guarantee to slash export taxes so that they can sell soybeans to China that the Chinese normally would've bought from American farmers before Trump started this bullshit trade war.
It should also be noted that USAID's budget was $35 billion, so whatever "savings" were supposedly incurred by shutting it down have totally been wiped out along with all of the tangential influence that those programs carried for the US. (USAID also bought soybeans from farmers for foreign distribution.)