@Saifedean Ammous has an epic post on this

US going all in on their new “Americas First” geopolitical policy. Central and South America better buckle up.

a dollar intervention is so fiat style "There is no money." -- President Milei

when every transactions costs at least $1???

If only the Nazis had not relocated there after the war, that beautiful country would have remained rich and unravaged.

The reason is that the Peronistas won the provincial elections, convincingly. Markets are not taking it well (currency, stocks etc.). Meanwhile Milei's team took the (imo) ill considered decision to create a slowly expanding "band" (think soft peg) around the ARSUSD exchange rate. And the ceiling of the band was hit in the above market panic. They started selling reserve USD to defend that ceiling.

It is faltering because leftists are winning in the polls ...

That made me lol!

Ambiguous wording on my part, but i am talking about provincial *elections*, not opinion polls.

You can find it on saifedean.substack.com