This is a CBSI on the world. I'm John Bachelor. Argentina, Buenos Aires, an election that is exciting to read the headlines and I welcome Mary Anastasia O'Grady, the America's

columnist and editor for the editorial page of the Wall Street Journal, who anticipated something big happening in Argentina the week before the election.

I was cynical enough to believe the Peronistas cannot be defeated.

There are too many of them. They've been in power from too many

decades and then Mary a very good evening to you you anticipated a change. It's an

earthquake according to one metaphor and now the campaign promises become real for me lay.

There was the chainsaw, there was the inflation, there was the young people's vote, and

then there was this term dollarization. What does that mean Mary and

then we'll get on to when does it happen? Good evening to you Mary. Well good

evening John. Dollarization refers to recognizing the dollar as the legal tender in the country

and closing down the central bank which of course is the one that emits the

Argentine peso.

And one reason I think Milay 1

is because inflation is so high on track

and the year I think at 180% for annualized and the person he was running against is the

Secretary of the Economy. So you know it was very hard for Sergio Masa, the Perrinist, to make the argument that he was going to fix the problem when he's been at the helm and the problem has been getting worse.

So that helped me lay a lot.

Both his promise to get rid of the peso

and go to the use of the dollar

and also the bad track record of his opponent.

You explain how we got here into this mess owing a hundred and

a 44 billion dollars to the IMF and other debts

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