It turns out that it was never about bringing back money to America but about helping different friends. Notably, Billionaire Stanley Druckenmiller is a longtime mentor and friend of Treasury Secretary Scott Bessent and has some large investments in Argentina.
Now Bessent says:
- Treasury directly purchased Argentine pesos
- Have finalized a $20 billion currency swap framework with Argentina's central bank
- US Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets
- Also discussed Argentina's investment incentives, and US tools to powerfully support investment in our strategic partners
- Trump and Milei will meet on October 14
It's all about the 'strategic partners' now. What's the strategy? That's tougher to say.
