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The John Batchelor Show

Evan Ellis at the US Army War College analyzes how Argentine President Javier Milei's economic success is threatened after the Peronist opposition united, causing investors to panic and the peso to fall, mirroring previous difficulties.

The John Batchelor Show

John Batchelor

News, Society & Culture, Books, Arts

4.52.8K Ratings

🗓️ 25 September 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Evan Ellis at the US Army War College analyzes how Argentine President Javier Milei's economic success is threatened after the Peronist opposition united, causing investors to panic and the peso to fall, mirroring previous difficulties.
BUENOS AIRES

Transcript

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0:00.0

Building a coffee business?

0:01.9

Serving the best Americano in town is up to you.

0:04.1

But winning back time and growing your business, leave that to sum-up. Take orders and payments anywhere with the new SumUp terminal. Turn occasional customers into regulars with a free loyalty program. And with the SumUp point of sale system, you'll always know when you're running low on your best-selling blends. Visit sumup.co.uk to learn more. This is John Batchel, speaking with colleague Evan Ellis, Professor Evan Ellis at the U.S. Army

0:25.3

War College, about Javier Malay, the president of Argentina, seeking help from the Trump

0:32.2

administration forthcoming. The Secretary of Treasury, Mr. Bessent, said that U.S. has advanced a $2 billion swap,

0:41.1

support for the Argentine currency, and the Malay presidency. However, Evan Ellis here

0:50.3

analyzes why this might not be sufficient, And the game plan is in the hands of the

0:56.0

Parenistas, who've used the game plan before. The legislature vote is coming up in October,

1:02.5

and the currency must be protected. So far, the U.S. is helping. But Evan explains. More of this

1:10.7

tonight, more of this next week.

1:13.4

John, Malay has some difficulties, but to be specific, it's important to focus on the fundamentals.

1:18.0

Malay has turned the economy around. He has significantly cut government spending. He's cut some of

1:22.4

the transfer payments. He was able to restore faith in the Argentine currency, get freely traded again.

1:29.4

He was able to create a situation in which the country could begin to attract investment again.

1:36.1

Ironically, because of that success and probably because Malay also tried to push his own

1:41.9

small party, La Libriita Avantzaance a little bit too far. The opposition

1:47.5

Pyrannists were able to unite in local elections just a couple weeks ago and do a lot better

1:53.0

than expected. And the irony is that some investors began to panic. They began to panic actually

1:59.4

because of what they feared was the prospect that the

2:01.7

perinists could begun to come back. And so after that, you saw a fall in the peso. And this is the

2:09.6

same thing that happened to Maricio Macri, the previous Senate-right Argentine president.

2:14.8

You know, the voters were actually fearful that the right would lose,

...

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