What does Argentina's election result mean for BRICS? 

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BRICS will be fine. Argentina not so much.

His popularity will drop after he misses the boat. But he will spin something else and start a “Blame Game” when his economy doesn’t do as well as others. It is like car racing, yes, cars are all moving, but when others are moving much faster, then when you look at them to the side, you seem to be falling behind. Argentina will be in this situation.

Blackrock and Vanguard will become the new CEOs of Argentina.

1) I don’t think Argentina will be joining BRICS, but there are others interested in joining, so BRICS will be fine. 2) I feel that dollarization is a big mistake! I wish the people of Argentina good luck! Thanks, for another good video!

Argentina has a problematic economy and the only reason they were invited to BRICS was because of Lula, Brazil's president. It's not a loss but a win, to be rid of problems before they begin.

When you relinquish control of your currency, you lose your sovereignty. But maybe that is the goal. Just look at the EU countries, or French controlled African countries.

Please cry for me Argentina🤣🤣

i'm not worry about the newly elected argentina president won't trade with china. as far as i know, most of the argentina poultry exports to china. if they want to cut off with china, let it be and let see what will happen to argentina first.

You’re very polite and reserved in describing this new president, I’d call him a clown

… to be a friend of America could be fatal. Hmmmm. How many times have that statement turned out to be true.

When Ego is bigger than the reality, trouble will come.

Election result shows the quality of the voters.

This is what i heard. How it works was, every brics country got invitations to invite new members. Argentina is brazil's biggest trading partner in the region, Brazil invited Argentina, China is only there to support Brazil's decision. 🫠🫠🫠 India invited saudi and uae, Russia invited Iran, south Africa invited egypt, China invited ethiopia, brazil invited argentina.....

Most of these political candidates find that talk is easy, but once in office they find that their knowledge of economics is either limited or non existent. This guy Milei is looking at the past instead of looking at the future which is BRICS+. If Argentina decides to skip the BRICS it won't affect the path of the current members because Argentina was actually not seen by the other 4 members as having met the criteria to be eligible to join anyway.

Good luck to Argentina: they are going to need it.

I’m very happy there is someone like you who posts a respectful opinion about politics and does not try to polarize opinions. Really appreciate this. 1. I think Egypt is very close to a default because of the same loan situation. 2. Frustration has also been growing all over Europe and a lot of countries have shifted to the right because they were fed up with the long-reigning governments. We’re yet to see if they could help economies. I personally don’t think they will, but that’s to be seen.

Predicting another Argentina bankruptcy coming soon. I hope I'm wrong, but I don't think so.

Looking at the 2 vying candidates according to Ben Norton's video, it's a "every which way you lose" choice.

Brics will be relieved for without the need to burden a badly indebted member like Agentina

I am Argentine, this year I came to live in China, I am very afraid for the future of Argentina, I wanted to go to Argentina with my Chinese girlfriend, but as long as Milei is president I do not want to return.

All this talk of Milie is just spectacle; While he may be President, his party doesn’t have more than 10% of the senate, Congress and the Lower house. The US led IMF gott Argentina its economic woes, including inflation- going back to the US dollar is akin to pouring fuel on a house on fire BRICS is the only long term way to self sufficiency and revival for Argentina Hopefully the populace come to their senses sooner

i can understand why most young people voted for him because they don't see any future with the previous govt. so they voted for him and hoped he would bring them a better future. his party does not have a majority in the parliament, so i am not sure how much he can change. my feeling is that he will not join BRICS. i also feel that either Argentina falls into a horrible abyss OR there could be a coup even though there has not been one since 1976. viewpoint from canada.

A good example of the danger of an electoral democracy. Because it’s a mistake to assume there are more smart voters than stupid voters.

Javier Milei is pretty much against BRICS. So Argentina won't join BRICS during his presidency.

It’s better for BRICS that Argentina doesn’t join them! Argentina’s economy will only get worse, unfortunately.

this guy is selling Argentina to uncle Sam .

I think the win was less "for" Milei,than it was a rejection of the established parties in Argentina.The BRICS are probably lucky to not have Argentina in there right now.

I think it's gonna be the same as in Italy: an underdog rises up as the anti-establishment alternative, and then becomes the establishment.

Glad Argentina not joining Brics. Let USA handle Argentina if the young president think democrazy is the answer to his country's issues. Naive people choose naive leader and the country becomes naive. He obviously thinks China is not a role model for developing country.

Hate to say it but I think quite a lot of Argentinians are winning the Darwin award soon. Feel sorry for those did not vote for him.

This is the problem with democracies. Long term goals and agreements is difficult or even impossible to be achieved because the next elected leader can undue everything.

The Night is Darkest just before Dawn!

Thanks for the update. He definitely sounds like an interesting character...

argentina is like germany both are ex rich countries that now falling and sick

To be honest, I think the impact is limited. First, his party does not have a majority in Congress, so he has limited room to do whatever he wants. Secondly, the trade between China and Argentina is complementary. China supplies consumer goods and industrial supplies to Argentina, and Argentina supplies agricultural products to China. Finally, his desire to cancel the Argentine central bank's full use of U.S. dollars in Argentina is impossible to achieve because the United States has neither the will nor the funds to bear the resulting losses for Argentina. So I think he will be like Jair Bolsonaro, the former president of Brazil. Although he wants to be close to the United States and stay away from the BRICS organization, reality will make him understand that ideals are full and reality is very skinny.

That's the futility of electoral democracy: elect a mad man who'll take a big gamble on your country. They'll sing Don't Cry for me Argentina again!

Austerity and massive growing poverty for the middle and lower classes coming to Argentina. On the plus side: Argentina oligarchs and the upper 1% will get richer and richer under the new regime. PS thank you for yet another great video!

Hey bro another great video. I will try and explain this dollar a bit since I been to Buenos Aires twice and have a lot of Argentinian friends. For the last 15-20 yrs, there has been a slow movement already in using non peso money for transactions including the dollar and euro. When I visited 10yrs ago, I was told by my hosts to not exchange money and simply pay with dollar. And this was for everything, from food to cloths I was buying. And, it wasn't just US visitors but locals themselves as well. So I actually think there are a lot of dollars floating around in that country already. And, ppl there save in dollars and not the local pesos.

Milei's economy reforms are liken to from the frying pan to the fire... The BRICS plus will be heaving a sigh of relief the moment Milei rejected the BRICS block as this will lessen future economic problems associating with Argentina... In short the BRICS plus inner thoughts on Argentina..""" Good Riddance """ We will not cry for you Argentina ,,, Milei's reform is to relinquish the sovereignty of the Argentina peso and use the US dollars is like handing over all your savings and money to your neighbor for safekeeping ....

@3:04 As an American I used to be against gun ownership, but having since moved to Brazil and living here for the past 10 years I have changed my opinion about this, in an ideal world I would still be against gun ownership, but living in a place were corruption and violence is rampant and the laws seem to protect the criminals more than the law abiding citizens it may be your best option at having a chance against armed thugs. I remember during around 2017 when the murder rate peaked at over 62 thousand that year, that was over 4 times the number of people killed in war torn Syria during the same period, that's nutz.

He will be the governor of Argentina as it will be absorbed into the USA.

BRICS never had a chance regardless of what Argentina does.

lol Milei is insane

We've seen this film before here in Brazil, when we elected a populist called Bolsonaro, who only thought about destroying what had been built, but no proposal to build a new future.

Don’t cry for me Argentina…

Don’t cry for me 😢😢 Argentina 🇦🇷

That song will keep repeating all the times: Dint cry for me Argentina

The BRICS expansion project will progress with or without Argentina. Each nation will decide according to its self interest. Joining or not joining will be decided on the value the BRICS is expected to bring to the nation.

Thanks for the video , it's really interesting. I don't understand anything about economy but this video gave me a lot of thought and very useful information. Thanks man . Big fan .

Argentina can always join in the future after they have a new President.

While inflation has been a huge problem for a long time, switching to USD will essentially handing over control of the whole country to the American control... not only that, there will be whole host of legal and logistical problems that comes with it. I think if they can peg it like what alot of Asian countries did at the beginning of their economic development would be a better idea, that will also give it an option of unpeg letter when there's a economic or political need...

Argentina was allowed to join Brics at the instance of Brasil. But Argentina is not indespensable to Brics. The other members like China, India, and Russia would happily substitute oil producing nations like Venezuela, Nigeria, Bahrain or Catar.

May be it is a good idea Argentina not to be in BRICS. Its economy problem will become US's. BRICS should consider lucky.

voted for the chinsaw madman! feels good

He’s going to borrow much more dollars. Money he can’t pay back.

I don't know a lot about the history of Argentine in recent decades but I'm just curious why they choose this president. I see his "Afuera" clip and I see that this gesture is wildly popular among a lot of people, mostly from Argentine. Perhaps it's because I was raised in a socialist country, I don't understand how people can applaud for the abolishment of so many ministries, including labor, education, public health, etc. How is this not worrisome?!!! Not to mention privatizing the country's oil companies, and the "shock therapy" of the country's economy... I really want to know what the people there have been through in order to endorse these ideas. Oh and I don't believe that they will join the BRICS because I guess from their perspective, US is the "democratic" country. And I get the feeling that ideology is important to them. I don't think the BRICS will be affected but Brazil definitely will be. They just got themselves a very hostile neighbour.

One thing you might not catch on being away for a while is that the general population does not watch TV news like before. 1990's being about 70% and today about 40% watch any TV news. Even the local stuff is getting hard to watch.

Don’t cry for me Argentina 😂

Argentina dollarizing its economy. Will show if the siding with the dollar is wise or not. I would think Argentina will make new agreements. They should forget why their in that debt position.

We hope India leave BRICS.

Nothing will happen to BRICS, but it will have everything to do with Argentina though. Thailand tied its currency to USD and guess what happened? Same as Malaysia, and many more!

it means a lot of pop corn and a nice show🍿🎬

It’s a 4 year term, not 4 decades. So, how? What will happen to all the businesses ( both internal, and international businesses?) Even if he is able to get the second term IF Argentine is still in one piece by then, can he able to get work done or at least have everything in track for his ambitious goal before the next election?

I always believe that campaign promises should not be taken too seriously, but one never knows. He's probably as fickle as Trump. 😂

In other words. Argentina not my Problem, Not our Problem.😂

You hit about every one of the CNN / Politico talking points. The average Argentinian uses USD to buy and sell items. Only banks and Govt are fixed to Peso. This has been a thing for many years.

Actually Milei follows the classical textbook of fascists: first he destroys the society and creates chaos and then he presents himself as saviour. Same we see currently also in Italy or for quite some years in Turkey.

He sounds like a smooth talking used car salesman and the Argentinians bought it.

Q：What does Argentina's election result mean for BRICS? A：Since Javier Milei has sworn that he was going to quit China, to quit BRICS, and to volunteer to be colonized by the US dollars, one would reckon that it would have to wait for a while -- possibly a very long while -- before BRICS would be spelled as BRICSA. 🤣🤣🤣🤣🤣

He is a fool who does not understand the dollar is the problem. “the dollar is our currency, but it's your problem.” John Connally

"Argentina is white" meme....

Well Argentinians have voted. Abandoning local currency to Dollar has never been good in the past. but there might be a first time to everything. Wish Argentinians success so they can grow. For sure they will end trade with China as they will anyway follow the USA. It's ok it's not going to hurt BRICS and they will anyway find someone else to replace.

brazil suspends relation and argentina threatening cutting tie with china..... they're argentina's biggest trading partners (23% export, 40% import).... is the guy really serious about this?

He can't be too smart, because he is turning his back on BRICS. Argentina will never recover! their last hope was BRICS. I feel sorry for the people of Argentina." To be an enemy of the west is dangerous, but to be a friend of the west is fatal." This is a famous quote by H. Kisinger.

good will play both sides

😂😂😂Such a big mistake...hole Argentina can survive this

A new Ukraine in the making. Good luck to the Argies.

You didn't mentioned that Javier is pro Bitcoin 😕 .

US can fix its deficit today by applying 6% value added tax. US government will do it at some point.

The example of not strong enough suppressed by US. Exists with the road block to future Brics+ developments. 🥺👍😔😢 🤓

Or the dude will try to extract goodies from the US and China. Let's wait and find out.

He could filp flop as to his attitude to us dollars based on News from non-msm

Bad move for Argentina & possibly a blessing in disguise for BRICS. If Argentina (Milei) declines the BRICS invitation then they should invite Venezuela instead 🇻🇪

I think he should stay and follow through with the BRICS we all the US dollar is just a paper tiger. The US will benefit from it, but sadly, Argentina won't.

Good luck.. Plenty of sour grapes...

i'm sorry, what i'm asking is not related to the video but i really hope you'd answer. there are news saying china demolished hundreds of mosques. can you confirm that?

It will be an economic disaster for Argentina . God help the people.

Argentina not joining BRICS is in fact a blessing The country has been facing hyper inflation for decades Most likely it's because Argentinian prefer to Tango & socialising over hard works building up the economy

This video is pure cope, Argentina dodged a massive bullet

Regardless what Argentinas choice, will not have much impact in the world.

Switch to U S dollar's will no help,Argentine economy.

Definitely Milei will reject BRICS and prefer western alies

do your wife country where geert wilder won

Don't cry for Argentina, self destructing ideas, more debt with IMF!!! 🤷🤷🤷

The domino effect of the dollarization is happening. I hope more nations like Argentina and Ecuador adopt the dollarization!

Psyco - path criminal milei

Milei looks like a cross between Pinochet and Elvis. What's not to love? 🤦‍♀

It sounds insane to me but I get it even when my country USA was trying to privatize energy I was against that too only cuz I can see into the future and look at us now we have nothing but corruption but the people spoke be interesting to see

Never mind Argentine for now we have Netherlands and they are the Chinese of the West. 😊