Javier Milei attends the Council of the Americas with most of his cabinet

bet Red Circle Businessman The President of the country, Javier Mire, listened attentively to the speech, which detailed the first eight months of his administration, and thanked Minister Luis Caputo for achieving a fiscal surplus in the first month of his administration, stressing that this was a great “achievement”. “This is the first time in our history that we have achieved a positive financial result without defaulting,” the President said.

“We have managed to end the quasi-fiscal deficit in six months, just six months,” he assured, congratulating the government for having successfully closed “all the taps of discharge.”

“We have made the greatest adjustment in human history,”The president assured before stressing The world is “talking about the Argentine miracle”.

“We have inventory because we haven’t solved the inventory problem yet”he said, criticizing those who accused him of “meddling” in the market. “I don’t know if economists have brain fog or if they’re idiots,” he said, using his traditional phrasing.

“We don’t want to devalue” He reassured and stressed the awareness that by moving in this direction “Argentines will become poorer and poorer.”

“The reforms we have made with the Basic Law and the DNU are eight times greater than those made by Carlos Menem.”

As the main guidelines of his administration, Mire noted: “Orderly macro policies, cuts in public spending and an obsession with deregulation, I am proud to have a minister like Federico Strzinger to carry out this revolution, ” he confirmed.

Among other things, He assured that they would change the way the budget was forecasted and his armor.”Our approach will be called Zero Deficit. The financial result will be zero, that is, Argentina stops taking on new debt,” he said, to loud applause from the business community.

“I warn you, accumulating debt is not taking on new debt,” he said in a mocking tone, referring to those who would come out to criticize him.

Phase 3 begins where we are not setting goals and timelines, we are achieving goals and taking steps and moving forward.

Regarding the increase in the exchange rate, Milley said, “The third stage will occur when we completely cut off the monetary issue, and the base money in the traditional format finally equals the broad monetary base, that is, all the remaining money is released. “It has been eliminated. ”

Presidential Announcement “The flip side is that inflation is going to be heading towards zero.” And when that happens, there will be no extra pesos, and when that happens, I can open up because it’s like giving a gun without bullets,”.

“When we remove all the weight and We will receive 8 billion pesos“This economy will be short of pesos,” he added.

Regarding the international situation, “In recent weeks we have seen the fragility of the international financial system. The advantages we have are often invisible and are not possessed by many countries in the world. They are the anchors that protect us from the final storm. “We are cleaning out a decades-old cancer in Argentina’s economic system: monetary populism.”

“In Argentina, we no longer hide crises by borrowing and printing money. Unfortunately, that is no longer the case,” Milley said. The rest of the free world is getting deeper in debt every day and the value of their currencies is falling.

“It’s no coincidence that company valuations are getting higher and higher, but people’s purchasing power is getting lower and lower. This is playing with fire and taking poison.” We will not engage in monetary populism. We don’t care if other people do it,” Millay said.

“Get things done, Argentina can buck the world trend and become an oasis of stability In the desert of global populism,” the president said.

“We are making a paradigm shift not only economically but also socially, politically and culturally, in the opposite direction to what other countries have recently taken. When others propose censorship, we propose freedom of speech. In the UK, since the arrival of the socialists, the powers that be are imprisoning those who post on social networks, as journalists here want, because they lost their monopoly on the microphone and use that tool to blackmail, slander and defame them for free on social networks. They passed the bill, but they didn’t do it. Don’t like it. Stop looking for ghosts, you get what you do But people do that naturally because most of them are criminals.”

Mire and most of his cabinet in front of the Red Circle merchants

President of the country Javier Miley He was the main speaker at the annual edition The Americas Committee, This is from Wednesday, August 14, 8:30 am Buenos Aires Hotel Several members of his cabinet also attended, including: Guillermo Franco; Federico Sturzenegger, Minister of State Deregulation and Transformation; Foreign Affairs Minister Diana Mondino; and Security Minister Patricia Burridge.

Javier Milei visits Vaca Muerta and YPF and meets with clients

It’s a politically charged day. Former President Cristina Kirchner Testifies About Assassination Attempt on Her At the Buenos Aires Courthouse in Comodoro Puy.July inflation data will be available All official forecasts are set to break above the 4% bottom line.

Milley, who returns to the council during his inauguration as president, is expected to brief business people on forecasts for the coming months and the government’s planned course of action.

Exhibitors from the public sector will participate in the AS/COA and The Argentine Chamber of Commerce and Services (CAC). The host of the day was President and CEO of AS/COA (Americas Society/Council of the Americas), Susan Siegeland CAC Chair, Natalio Mario Greenman.

Full agenda of the Council and closing ceremony with Javier Mire

In addition to dialogues on artificial intelligence with representatives of major international companies in the field, Sergio Diaz GranadosExecutive President of the Latin American and Caribbean Development Bank (CAF), the organizers confirmed the attendance of the following Presidents:

IGenacio TorresGovernor of Chubut Province

Carlos SadierGovernor of Jujuy Province

Rolando FigueroaGovernor of Neuquén Province

Alfredo CornejoGovernor of Mendoza Province

The country’s president will attend the closing ceremony of the event at 12:30 p.m.

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