In the run-up to the upcoming World Cup draw, the President of the United States, Donald Trumpand again pointed out his connection with Javier Miley He highlighted the administration of the Argentine president. The American leader was one of the first guests to arrive at the ceremony organized by FIFA.
Consulted by Argentine journalist from Telefe, Sofia MartinezTrump stated: “I love Argentina, and its president is doing a very good job.”. The United States will be one of the host countries for the upcoming World Cup, along with Canada and Mexico, so they were scheduled to attend the ceremony.
During the short conversation, the American President mentioned this expression Magathis time in reference to “Make Argentina Great Again”, quoting his traditional campaign slogan.
Accompanied by the President of FIFA. Gianni InfantinoTrump was also asked about the possibility of seeing it Lionel Messi On the field during the World Cup. Although he described the Argentine captain as “wonderful,” he quickly mentioned the recent meeting he had with the Portuguese Cristiano Ronaldoanother one of the figures who will be the focus of attention in the upcoming World Cup event.
Miley’s definition of the dollar: “We will move to a free exchange rate”
Javier Miley He once again appeared before a group of economists to detail — and support — his administration’s economic direction, accompanied by… Luis Caputo and Santiago Paucelli. In an expanded presentation, the president reviewed the challenges he has faced since taking office, addressed the exchange rate gap, inflation, and monetary policy, and defended the economic plan he is promoting.
The President insisted that he arrive at Casa Rosada “Problem solving” And he admitted it “Argentines form their expectations by looking at the dollar” Although he clarified: “No problem, I’m not complaining about it.” Then he confirmed that the citizens elected him with a clear mandate:I was hired to solve problems. If I don’t solve the problems, it would be a very good idea to not renew my contract. “I was hired to solve problems, not to do economic analysis.”
Miley justified his “zero emissions” policy and explained that, in his opinion, the main challenge remains building expectations in a country characterized by recurrent crises. He also asserted that many economic diagnoses fail because they are based on incomplete models: “Advisers are like fortune tellers. They give advice, but they do not make decisions.”he stated, highlighting Caputo’s financial expertise as a key asset in this context.
“Every time you have a Delphi oracle calling for devaluation I would like to ask them why you are telling me that you want to favor a group of criminals who do not want to compete to impoverish the majority of Argentines,” he said, at the same time noting that “this is not anarcho-capitalism, it is a more logical logic than anarcho-capitalism. “They are people who do not separate the philosophical from the realistic.”
Regarding the exchange ranges chart, he noted: “The bands are there to put an end to volatility; the exchange rate cannot be anything. And since we believe in freedom, the bands will open at the right time: “We will move towards a free exchange rate.” He added: “As long as the dollar is between the two ranges, the restrictions are not restrictive.”
In this sense, the Head of State questioned the current measurements of the exchange rate and accused many economists of conducting “arbitrary analyses” and overlooking crucial factors. To illustrate the distance, he compared the current situation to the administration of Mauricio Macri: “When they make the comparison with 2017, I would like to know which part matches up; Because basically the financial adjustment has not been made. When Macri took office, he increased the fiscal deficit and never corrected it, but only corrected it with debt. Under Macri’s government, a net $60 billion was seized. “We put the treasure in the box in one month after 123 years.”
Then he touched on the financial point: “We have a fiscal balance, just a current account deficit, and the main driver is investment and capital goods. If we leave aside the financial balance, we leave aside the reason behind all the crises that occurred during 123 years.”
Miley stated that a country that has regulated accounts naturally tends toward raising the real exchange rate and considered it useless for the discussion to be based on averages only. He stated that the evaluation must include external variables, international shocks, and local factors such as the electoral climate that he knew “Coca Danger.” Along these lines, he asserted that many diagnoses fail due to a lack of a global perspective and stated: “A system of equations is not a general model of equilibrium. I suspect they know nothing about general equilibrium.”