Argentina Raises Interest Rate to 69.5%

Armstrong Economics

Argentina is out of options. I reported on the ongoing widespread protests occurring across the country. The majority of the nation is unemployed, and the currency is basically worthless. The people can no longer rely on the socialistic promises as the government is unable to fund its programs. Basic necessities are no longer available, and the people are suffering.

After inflation reached 60%, the nation decided to stop printing money entirely. The central bank just voted to raise the benchmark rate by 950 bps to 69.5%. Inflation now sits at 71% after prices rose 7.4% in July.

Estimates state that inflation could reach 90% in Argentina by the end of the year. The government has run the economy into the ground, 6 feet under, and it will need a complete overhaul for the people to begin living comfortably again.

It is not hyperbole to state that this is precisely where the Biden Cabal is taking America. The only question is whether it is intentional (bankrupt America and rebuild it to their specifications) or if they’re merely a group of dimwitted numbskulls who actually believe in a Utopian Paradise. But it hardly matters if the above is the end result, does it? Nov. 8th must be the beginning of the end of this group of thieves who stole the 2020 presidential election. – The Liberator

One thought on “Argentina Raises Interest Rate to 69.5%”

  1. We are in a severe spiritual battle and no politician or political party can save us from our own complicity with evil and so many have been willing accomplices to Satan’s plans.

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