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Patrick Boyle

The Chainsaw Stalls: Can Milei Cut Through Argentina’s Currency Collapse?

Dienstag, 3. November 2026 · 24 min

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Argentina’s economy is in crisis—again. President Javier Milei’s reforms slashed inflation and balanced the budget, but now the peso is under siege. In this video, we unpack the $20 billion U.S. bailout, the speculative pressure on Argentina’s currency, and the political risks ahead of the October 26 midterms.

We’ll look at:

Why the U.S. Treasury is buying pesos for the first time in decades
How Milei’s fixed-but-adjustable exchange rate is draining reserves
The geopolitical angle: China, soybeans, and Washington’s strategic bet
What history tells us about defending overvalued currencies
Whether Milei’s reform agenda can survive—or if the chainsaw has stalled

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