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Foreign Affairs

peppertree

(23,028 posts)

2. You're not kidding. Argentines call it the "financial bicycle"

Reply to erronis (Reply #1)

Mon Oct 20, 2025, 07:05 PM

Oct 20

1) Invest in high-interest Argentine bonds, accounts, etc.
2) Wait until some "pro-business" regime gets in - which enacts currency deregulation, and has foreign loans showered on them
3) Use your sense of timing (or insider info) to determine when it's time to pull out
4) Use the dollars the regime borrowed to quickly dollarize and offshore your peso assets...leaving Argentina the tab.

Rinse, wait, and repeat.

It happened in 1981, 1989, 2001, 2018 - and, of course, as we speak.

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erronis

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Highlight:

A look back: How Trump's LAST Argentine bailout turned out... [View all] peppertree Oct 20 OP

Certainly sounds like the same scam. Slightly different names but still the same con. erronis Oct 20 #1

You're not kidding. Argentines call it the "financial bicycle" peppertree Oct 20 #2