Javier Milei's Chainsaw Massacre of the Trump Presidency? | Alex Krainer

Yesterday, Argentinians voted in midterm elections which were critical as the first nationwide referendum since President Javier Milei came to power and introduced his radical economic reforms. The recent bailout(s) from the US Treasury helped Milei’s La Libertad Avanza Party win the elections with 40.8% of the vote. However, not everyone is convinced: that result was better than even Milei’s own party hoped for.

» To bail out his [Bessent's] dumb friends on Wall Street, that’s banana republic level corruption. «

 

Inevitably, haters will say that the polls were rigged which won’t help the government’s legitimacy. Either way, Argentina will remain stuck in a downward spiral. Milei’s reforms have been so staggeringly successful that keeping Argentina’s economy scotched together required repeated massive rescue packages this year.

First, on 11 April 2025, the IMF approved a $20 billion Extended Fund Facility (EFF) to support Milei’s awesome economic program, strengthen foreign currency reserves, and facilitate the removal of capital controls. The IMF is seldom that generous but it seems that it wasn’t generous enough that time, requiring the Trump administration to step in last month. On 24 September, Treasury Secretary Scott Bessent announced another $20 billion bailout for Argentina.

"El Bobo de Wallstreet"—"The Dumb-Ass of Wall Street".

Under the plan, the US Treasury provided Argentina with US dollars in exchange for Argentine pesos. This raised the awkward question: why did Trump’s MAGA, “America first,” administration put its taxpayers on the hook for Argentina? Bessent said that Argentina was “a systemically important US ally in Latin America,” and that the US “stands ready to do what is needed within its mandate to support Argentina. All options for stabilization are on the table.”

» [Trump] may have to distance himself from Bessent or even sack him. «

 

Well, OK then, but even supposing that Bessent’s justification for the huge bailout of Argentina is good enough, it didn’t seem that the bailout was big enough: the Argentine Peso continued to crash and hit a record low on Friday at nearly 1,490 pesos to the dollar. Before Milei won Argentine presidential elections on 19 November 2023, it took about 360 pesos to buy one dollar. Ever since, Argentina’s currency has been collapsing in spite of the successive IMF/US bailouts:

 

» Either way, Argentina will remain stuck in a downward spiral. «

 

“All options” being “on the table,” on 15 October, weeks after Bessent announced the $20 billion swap, he said that he was arranging a separate $20 billion facility financed by banks and private equity. But for the deal to stick, it may still have to be backed by the US Treasury. A-gain. And in spite of President Trump himself admitting that the bailout might not work and would provide little benefit to the American people. So again: if this is a burden on the American people with no benefit to them, then why is the MAGA administration doing it? [...] As it happens, Rob Citrone is a personal friend and former colleague of Scott Bessent. Here’s what the “Popular Information” newsletter reported earlier this month:

Major Argentine media outlets are now reporting that Citrone asked Bessent for a United States rescue package. Ariel Maciel, Political Economy Editor at Perfil, a large Argentine media outlet, wrote that after the Buenos Aires elections, Citrone “returned to his friend and former colleague… to request a second bailout, this time from the very coffers Bessent manages: the US Treasury.”

CE Noticias Financieras, a major wire service in Latin America, similarly reported that after Argentine officials ran into resistance with lower-level Trump officials, “Citrone managed to connect with Bessent to get him to intervene directly.” But from there, it gets a bit worse than that still: “Maciel also noted that two weeks before Bessent announced the bailout, Citrone purchased additional bonds for “almost nothing.” Maciel said the timing of Citrone’s recent purchases has raised “suspicions” that Citrone had access to “confidential information.”

If true, these arrangements present horribly bad optics for Donald Trump and his administration. If his Treasury Secretary is using his office and American taxpayers’ money to bail out his dumb friends on Wall Street, that’s banana republic level corruption. Any substance of this story will be milked for all it’s worth - and it could be worth a lot - by his political opponents at home and abroad. It doesn’t even matter whether Trump himself was aware of the nature of the bailouts.

Trump may have bought the ideological and geostrategic story about the chainsaw freedom crusader Milei and Argentina being a systemically important ally. In that case, he may have to distance himself from Bessent or even sack him. But even so, the damage has been done. It is hard to see how this won’t undermine the confidence in his administration and further erode his MAGA-base support. On top of that, corrupt dealings with Argentina and Trump’s aggressive stance toward Venezuela, has worsened his administration’s standing in the region:

» Like nobody’s ever seen before. «

The MIGA-MAGA gaga crowds are diminishing, and not only in Argentina.

 

Even if you bring all your carrier strike groups to the Caribbean Sea and threaten action “like nobody’s ever seen before,” the ultimate struggle is and always will be that for the hearts and minds of the people. That struggle is being lost like nobody’s ever seen before.

Quoted from:
Alex Krainer (October 27, 2025) - Milei's chainsaw massacre of Trump presidency?

 

See also:
Alexander Markovics (February 20, 2024) - Javier Milei - Latin America's Prime Golem Zionist.

Javier Milei - Latin America's Prime Golem Zionist | Alexander Markovics

During campaign events, he recites the Torah. At events, he lights Jewish menorah candles instead of extinguishing them like Grzegorz Braun. He stands unwaveringly by Israel’s side and calls Vladimir Zelensky his friend. His name is Javier Milei; he is a self-proclaimed ‘anarcho-capitalist’ and intends to convert to Judaism after his presidency.

Argentina's 'chainsaw messiah,' President Javier Gerardo Milei:

An unleashed libertarian, chosen and promoted by his country's financial oligarchy, the Koch brothers, and George Soros.

 Spiritually counseled by his dead dog, Milton Friedman, and Chabad-Lubavitch. A hero to Wall Street.

 

[...] Milei sees himself, inspired by the zeal of the convert, in the succession of Moses as the great liberator of the Argentine people. In his anarcho-capitalist interpretation of Judaism, God is a libertarian who does not mind if people sell their internal organs or their own children to alleviate their misery. In his view, this represents ‘the natural order of things’. Yet, his first public appearances since taking office suggest that his real loyalty might lie with another state than Argentina. At the public lighting of a menorah, he proclaimed his ‘unwavering commitment to the State of Israel’, which likely refers to Israel’s genocidal war in Gaza. He follows the apocalyptic worldview of many evangelical Christians, who are becoming increasingly numerous in Latin America and see Israel as the ‘bearer of light’ in the fight against darkness.

[...] Both in Latin America and Europe, we can observe a type of right-wing populist politician who declares US and Israeli interests as the raison d’état, sacrificing the geopolitical interests of their own country. Strache, Pazderski, and Gauland now find their tragic counterparts at the other end of the world in Milei and Noboa Azin. The motivation is the desire for recognition by demonised politicians, as well as economic dependencies and/or philosemitism. What increasingly sounds absurd has roots that reach deep into Western occultism: in the Jewish-Kabbalistic mysticism of the early Middle Ages, we find the figure of the Golem. This is a human-like figure created from clay through magic, often with immense powers, serving its Jewish master as a will-less proxy. The theme was processed, among others, by the Austrian writer Gustav Meyrink in his novel 'The Golem'. Today, more and more politicians from Europe and Latin America are made into such golems through blackmail and dubious promises — Strache from Austria is a tragic example of how such politicians ultimately end. The path of the Polish politician Grzegorz Braun shows us that patriotic politics against Zionism is possible.

Quoted from:
Alexander Markovics (Feb 15, 2024) - On the Way to Golem Zionism in Latin America?

 Assisted by his rabbi Shimon Axel Wahnish, Milei cries at the Wailing Wall.

February 6, 2024.