Argentina's Milei on Currency Controls, Subsidies, Trump, China (Full Interview) 

Argentina: suffers decades of corruption, inflation, instability. Milei: in office for 3 months. Bloomberg: Why haven't you fixed everything?

This interview is a giant, "why haven't you done X or Y?"... the man has been in office for 100 days and balanced the budget. Give him some time

They are asking him for a miracle. The dude is actually trying to perform that miracle, and in front of him he faces the 10 plagues of Egypt.

To clarify something, the term "populism" in Argentina means basically the opposite to the American meaning. In America people call populists to right wing politicians, but in Argentina it refers to the socialist politician who gives people free stuff to get voted

Go milei go Show the world does not need thieves.... I will support you

It is refreshing to see a world leader who can call out BS in economics in a live interview.

LONG LIVE FREEDONM!!!🦁🇦🇷💜

Milei is brilliant. Argentina will be great again.

Summary of the Video Part 1 of the video discusses Javier Milei's first 100 days as President of Argentina, focusing on his radical economic reforms inspired by free-market principles. Milei has devalued the peso, slashed government spending, and aimed to align the official peso with its black market value. Despite facing a history of economic turmoil, Milei's policies have seen some success, with inflation decreasing and public support remaining strong. The video also touches on Milei's plans for dollarization, his moral stance against the central bank, and the challenges of implementing currency competition in a bankrupt economy. Highlights: 1. **Milei's Economic Reforms** [00:00:00][^1^][1] * Devaluation of the peso * Reduction in government spending * Initial success in controlling inflation 2. **Currency Control and Dollarization** [00:01:28][^2^][2] * Plans to lift currency controls post-mid-term elections * Goal to eliminate the central bank * Challenges with currency competition and political opposition 3. **Fiscal and Monetary Challenges** [00:03:06][^3^][3] * Inherited a bankrupt central bank * Undertook unprecedented fiscal adjustment * Strategy to clean up the central bank's balance sheet 4. **Political and Social Impact** [00:13:50][^4^][4] * Tackling government jobs and subsidies * Navigating political opposition and the Supreme Court * Public support amidst economic hardship Part 2 of the video discusses Argentina's economic strategies, international relations, and political ideologies. It highlights the government's approach to a Chinese space station in Patagonia, trade relations with China, negotiations with the IMF, and the country's fiscal policies aimed at reducing debt and achieving economic solvency. The video also touches on support for Israel's actions in Gaza and the president's libertarian views, including support for Donald Trump's policies against socialism. Highlights: 1. **Chinese Space Station and Trade Relations** [00:36:29][^1^][1] * Audit and inspection of the station * $18 billion currency swap with China * Trade exchanges remain unchanged 2. **IMF Negotiations and Economic Reforms** [00:38:28][^2^][2] * Seeking IMF approval for reforms * Potential $44 billion facility * Exceeding IMF targets in record time 3. **Fiscal Policies and Public Debt Markets** [00:41:41][^3^][3] * Zero financial deficit after interest payments * Reduction in country risk levels * Increase in bond prices 4. **Support for Israel and Political Ideology** [00:43:05][^4^][4] * Endorsement of Israel's government actions * Libertarian views and admiration for certain economists * Alignment with Trump's identification of socialism as the enemy

I honestly can’t remember if I’ve ever heard a politician speak so eloquently about their own economic policy. President Milei is a truly remarkable figure. He gives me hope for western society.

In an interview with a learned man that throws around lots of technical concepts and terms, and speaks in such long and (relatively for what we're used to with politicians) complicated sentences, it's better to just have him subtitled rather than dubbed. The translator, while good, struggles at times to keep up and obviously the tone of voice of what he's saying doesn't carry, the translation being completely out of sync sometimes with the phrase he's speaking at the time. Kinda hard to watch, feels a bit wasted.

I like the fact that when he speaks he moves his hands indicating that he has in his mind and in his eyes in front of him all the equations, graphs, cash flow, assets, liabilities and understands how all these are connected with each other and where to tweak the weights to so the output to be what he desires!!! brilliant mind!!

Milei is so impressive. Argentina’s road will be bumpy but he is the person for the job.

Milei is working hard to stabilise argentinian economy. He will succeed

Im so proud of my vote, and that the world knows him now, he will change everything!!

I love this guy he knows his shit and his heart is in the right place....

Stunning. A world leader who fully understands and can speak fluently of IRR and WACC, understands the damage that can be wrought by an activist central bank, and has the courage to address it all head-on. The U.S. desperately needs someone of his caliber.

Cant believe bloomberg translated his speech and not used subtitles.

I like Milei , interesting personality to keep an eye on

my president! 🤩. GO MILEI GO !!!!

It would be interesting to see how many heads of states could answer the questions he was asked... I don't think many could answer complicated, advanced economic, financial and monetary policy questions.

Best of hopes and wishes.. To Argentina!! Make your country how you want it. Canada is good to trade with too. Support communist ways... keeps them in power... pretty simple. I might be wrong.. anyone is fallible... me too... but.. .why do I get the sense this guy is truly honest in his "focus and effort". Make Argentina Awesome! Yes!!

Milei seemed brilliant both economically and politically. I’m not knowledgeable at either but from what he’s saying I feel he knows his stuff

Absolutely excellent translation!! Miley speaks fast and complex but translator not only kept up but simplified making the conversation easier to comprehend

Te amo Milei, jamas pensé empatizar con un político, sos el Salvador de nuestro país, todos los argentinos de bien te amamos, te queremos presidente para siempre 🇦🇷🥹🙌🏼

Milei is delivering. Not only that... he's exceeding all western governments in competence. Buy Argentina now. he's already performed amazingly and has served all people of Argentina, even those who do not understand it, very well in his roughly 100 days in office. Give it time. I wish more western leaders would act like he does. would tremendously benefit everyone in the west. (not an opinion btw)

Wishing him great success! My previous comments were censured...😂

He defoe understands macro better than most…

I want to believe you Senor Millei , even if I do not understand everything

El periodista cree que conoce la realidad argentina, pero no la conoce como debería. Eso genera entre otras cosas, y por cuestiones históricas y culturales, que no entienda que no se pueda hacer saltar de golpe el tipo de cambio liberando, porque se genera el efecto absolutamente contrario y se espirala la inflación, entre otras cosas, que ya han pasado antes. Muy medido Milei en sus respuestas, en esta entrevista tuvo paciencia. Saludos desde Argentina🇦🇷

He was right about the West going to far down the Collectivism route.

Milei for US president!

Turning off after 12mine. Reporter either does not listen, does not comprehend what Milei is explaining to him or is just out for gotcha clips with his questions. Ridiculous.

He’s WAY better than Trump

All of these trap doors the Argentine President is aware of and fixing is what fixing tag he financial system looks like, patience and courage Argentina. The only flaw is dollarization, the USA Central Bank has wrecked the dollar value and loaded Americans with debt to finance the repeated bank bail outs.

Still, a huge compliment to Bloomberg for this very free ranging interview that at the same time asks relevant and challenging questions, as allows Millei to answer them in a sufficiency of time.

While he is right on currency competition, geopolitical forces are against that line of thinking

Milei policies are working, last month inflation went down (from as high as 54%) to 13%. Still high, but it is the just beginning...

People like him, that want to change things for the better for the whole population, usually get eliminated rather quickly by the corrupt "elites". I hope his fate is different, he seems to be doing great things for his country and its peoples.

The Bloomberg chappie doesn't seem stupid. He seems to have prepared well, and comes up with relevant questions. Still, Millei completely outshines his interrogator. What an economically giant intellect. Cometh the hour ....

Guy knows all the stats without having any notes. Guy is going to save Argentina!

Milei ❤🦁💪

When I saw a video of Milei flying economy I loved him

Argentina is lucky to have China willing to work with them on the trade. Milei should have stopped dollarization. The U.S. dollar is not useful in the Global South because it is declined in value.

Make Argentina Great Again!

Melei is amazing! We need him in America!

I wish America had such a president.

It looks as if the translation was done on the fly. Couldn't you write it down, translate it and then put an effort to put some flow into it? You are having a technical guy and most of the message is lost in the rushed dubbing

ain't it easier and more reliable to put subtitles instead of dubbing??

Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank

this makes me truly happy

What are the best additions to a $600k portfolio to boost performance?. ETH is Up and will do better, I believe indicators, for profits will continue to improve, investors like me believe that "Santa has come early" to the markets...

Javier Milei was born for this! Viva Milei

Corruption is mysteriously left out of this video. Very difficult to get any business done as a foreigner, very slow and expensive.

The key to healthy prosperity has always been an industrious population with enough income to encourage them to make a better life for themselves. That is the foundation meat and potatoes of it. Without this there will be no getting anywhere.

Thanks for interviewing him and translating too.

I am definitely rooting for Milei and the prosperity of Argentina. He is an absolute HERO, and the people that voted for him are are absolute heroes for willing to brave the sacrifice of austerity in the short term, for the potential of a much brighter future. Argentina could really be the torch bearer of freedom in the future if the US continues to elect leaders that push the woke agenda of communism, censorship, authoritarianism, and anti-critical thinking (aka the "progressives" (really should be called the regressives)/democrats)

Very rare to listen to an interview where a world leader clearly knows more about economics than a bona fide financial journalist. Great interview, thank you Bloomberg.

Nayib Bukele and Javier Milei are the hope for Latin America. God bless them. Incredible leaders.

Muy buena entrevista, respuesta y preguntas serias con contenido

Milei ❤ I love your hair 😊😊😊

Excellent interview Great interviewer great questions and superb answers and solutions from Milei Top notch

Best president of any nation this decade. So envious…

Highly impressed by Milei. I hope you get your country in order. Greetings from Sweden.

How come amateur youtubers without a big mass media company behind them can upload two audio tracks (one with milei speaking English and other with him dubbed) and big old mighty Bloomberg cannot? 😂

Mr Milei would have My vote . In fact right now in the country i live, I would support His actions to bring australia out of the guaranteed RECESSION facing Us in the not too distant future . Bravo Sir 🦘☮️

he sounds like a much more capable leader than the American options.

Oh this should be good. Will watch later. Hope it’s not a hit-piece Bloomberg

Milei Is honest and brillant!

Argentina is now in good hands. Given a chance he will turn Argentina into an economic powerhouse

Putting a live translation on a youtube video is extremely stupid. Make some proper subtitles and upload with original audio ffs.

Meile is a wonderful man. Imagine we could get this kind of intelligent hand-on response from Biden or Ramaphosa.

there is a saying... people that like to seat at the edge of the chair live on the edge of life...iam holding the thumbs for argentina..

Where was the question 🙋 about bitcoin? Just by listening to this guy talk you know that he knows his stuff. He’s not a politician but an architect for new Argentine.

Thatcher spirit is with Milei ... like all the allies of freedom

It'll take a decade of dedicated work to fix 50% of Argentina. Giving into the temptation of "quick fixes" will only be worse.

Smart men in mathematics that's good for Argentina💪👏love it.. 🌍

LONG LIVE FREEDOMM!!

Thank you very much...

I admire President Milei and I wish there were ways that we could help him and Argentina to become the success story that it truly deserves. Argentina is buried under mountains of layers of bureaucracy and I believe Argentina needs legal, economic and other structural reforms. I believe the majority of the Argentineans who elected President Milei truly feel the need for structural changes.

Got the money for a specy floating cam but so poorly lit? Is this an concious effort to make him and the interviewer apear two faced?

Quality

His explanation on the relationship of central bank's balance sheet insolvency and inflation rate is so deep. I really need a textbook on this topic for better comprehension.

if only this guy could replace Ursula van der Leyen

Viva Argentina! Viva Milei !

Bloomberg still represents Americans Governments values, so if youre confused about the bad interview its because it reflects poorly on American powers when Milei is successful, more people are going to ask "Why arent we doing this?" "Why cant we accomplish this if he can?" So bloomberg has an investment in asking childish questions like "Why isnt everything fixed yet" "arent people sad they cant get free stuff recently and destroy the country further?"

President Miele of Argentina 🇦🇷 💙 much love and respect 🙌 ❤ 🙏 🇨🇦

I have half a mind that Milei's 'dollarization' platform was, to a significant degree a rhetorical political strategy with an eye to getting elected. Why do I say this? How could an orthodox Austrian want to import a currency and monetary regime (that of the U.S.) that has been based for years, at least until the recent tightening, on excessive credit expansion? Wouldn't such an economist and technocrat vastly prefer a gradual process where a sovereign currency in the form of a strong Argentine peso was established, such that saving, investment, capital accumulation, productivity growth, and real wage growth were all optimally incentivized (as opposed to consumption and malinvestment)?

We have a brilliant President with TWO MASTER'S DEGREES IN ECONOMIC. He is a genious in the way he explains, is like he is reading the numbers inside his head

I hope Milei can succeed improving the live of the people in Argentina. I feel for those workers that lost their jobs , hoping that their sacrifice is short lived🙏🙏

letting average politicians run your economy is like letting your bus driver do complex surgery.

Yo sigo a Milei desde que aparecia en programas Argentinos y lo hacian en forma de comedia. Poco a poco fue ganandose la popularidad de la gente ya que todo lo que dice tiene sentido y lo respaldan los datos. Espero que a Milei le vaya muy bien, por el bien de Argentina pero tambien de los demas paises Latinoamericanos. Si a Milei le va bien y Argentina mejora su situacion, la gente de los demas paises de la region va entender que el camino a la prosperidad es por medio de la Libertad y no del Socialismo que tiene hundido a tantos paises en este continente.

Bloomberg, give the guy some credit because we see improvements and he has only been in 3 months. He took over a disaster and the ship is starting to turn in such a short time, and you demand more, quicker? Seems to me like you want him to fail. Shame on you. Can't you just celebrate his success?

I should have expected that Milei would mention Hayek.

This just shows that countries can be fixed from the top down with a conservative leader

❤😊👍👍great interview.

I prefer close captions over a voice over because I understand Spanish.

Milei! Singlehandedly saving Argentina. Full of love and willingness to educate his population

Best of luck, Javier Milei!

I am a United States expat who arrived Argentina 20 years ago and am a permanent foreign resident. My opinion is when President Milei speaks it is the sound of hope coming out of the darkness. During a newspaper interview soon after my arrival in Argentina, I predicted the the United States could learn the politics of economics from Argentina. Most people laughed at me. Today, Milei is making my prediction real. My hopes are for Argentina and that the United States is listening. Ándale!