EBH

@lucasllach Eso ya puede ocurrir @lucasllach con las cuentas remuneradas en USD, pueden ser FCI que tengan títulos del tesoro en USD

Me está convenciendo la idea de cerrar el BCRA. Unidad de cuenta "externa" para toda la economía (canasta SUD proyectosudargentina.blogspot.com) y papelitos de la Tesorería como cash, que si el gobierno se porta bien cotizan a la par, y si no, es irrelevante, cotizan abajo de paridad vs la unidad de cuenta pero sin afectar precios, ingresos, salarios, depósitos bancarios, contratos, todos nominados en moneda dura... apenas un impuesto al grone. Como el país/período más exitoso de la historia humana: USA entre la guerra civil y la Fed.

@balajis 👏👏👏. The Startup City of the future already exists 👉 @mascolonia_ok

FROM SILICON VALLEY TO STARTUP CITIES The techxit is on, and not a moment too soon. Now that Elon, Larry Page, and Peter Thiel are all safely out of the failed state of California, anyone who's still there by choice is just in denial about the reality that San Francisco is the next Detroit. Here are ten thoughts on why technologists should immediately exit California, and why we'll need to build something better. (1) First, you can do tech anywhere in the world. That's because the Internet is global. And there are now 400+ cities with unicorns. So you don't need California to do tech: This is good. Technology can and must decentralize out of the Bay Area, rather than be concentrated in one place. SF was a single point of failure. (2) Second, from a moral standpoint, America was founded by those who left the chaos and violence of Europe. The entire country was predicated on the idea of exiting failing states. That's what it means to be a nation of emigrants. Did the Irish Americans betray Ireland by emigrating? Did the Puritans who left for Massachusetts betray England? Exit is the origin of America, and exit is the right response to the decline of California. (3) Third, from a logistical standpoint, no silicon is being mined from the hills of Silicon Valley. And because it's almost impossible to build, there are very few factories there either. So there is just very little in the physical world that truly tethers tech to the Bay Area. Just cancel your office lease and get another somewhere else. (4) Fourth, in terms of security, you need to recognize that anti-tech violence is ramping up. Remember: most of the violence in the 20th century was not on the basis of race, but on the basis of class. That's what communism was: mass murder of the capitalist class. Tens of millions died because of class hatred. Critically: technology is a class, and the technologist is the capitalist of the 21st century. With all that entails, including extreme, irrational, murderous rage towards the technologist class by those who feel disrupted. This is already obvious. When Democrats are torching self-driving cars with impunity in the streets of SF, the message is: today it's the car, tomorrow it's you in the car. So there is absolutely no reason to simply sit in California and wait for predictable anti-tech violence. (5) Fifth, tech companies are already global. They are Internet First. Consider the Mag7: 70-90% of their users, >50% of their revenue, and >50% of their employees aren't American. This is even more obviously true for the hundreds of younger non-American unicorns. That's because the Internet is as American as America was British. Of course the Internet owes a debt to its worthy progenitor, but it's just far larger in population and economic heft at this point. The only thing the Internet really lacks is territory, but perhaps we can print out social networks into the physical world (and more on that later). (6) Sixth, there is simply no way that the Internet business model can beat the Democrat business model within California. Because the way the Dem Scam works is to cause a problem like the "homeless" crisis (really, the drug and mental illness crisis) and make money from exacerbating the problem while pretending to solve the problem. For example: drug dealer Democrats make $1B+ from "homelessness" in SF alone. By setting up injection sites and handing out syringes, they grow the population of drug addicts they're paid to manage. They're like McKinsey for MS-13: With only 800k people in San Francisco, drug dealer Democrats make >$1000 per person per year. This shows that Democrat monetization per head in SF will always be much better than technologist monetization, because Democrats just tax the money while technologists have to work for it. This is part of a broader point. The Dem Scam, the blue business model, is just far more lucrative than working for a living. It's not just the homeless industrial complex. It's the $100B California train to nowhere, which is legal graft that funds union workers, who do no work but do vote Democrat. The Dem Scam is also just about every other state "program" and NGO. Maintaining the blue business model is simply win-or-die for California Democrats. Their entire lifestyle relies upon continued one-party control of the Californian state, and infinite inflation, taxation, and redistribution to support their many clients, from illegal aliens to unions. Technologists simply do not have their entire life tied to gaining political power in California in the same way. They can lose an election without going out of business. And until this 2026 wealth seizure, politics just wasn't existential for tech like it is for Democrats, who need to control the state to hand out the $$$ to their many clients. Now it is existential, but too late. The numbers just aren't there. Tech can't realistically fight and win in California because they just don't have the mass appeal. And that's because the Internet is increasingly seen as correlated with the decline of Blue America. One way of seeing that is to look at this graph: The Internet completely disrupted Blue America by taking away their media jobs. Though the Democrats certainly did counterattack, after 15 years of all-out digital war, you have to score this as a total victory for the Internet. Think about it: the Internet took away the Democrats' power over media (via AI), over money (via crypto), and over speech (via social). This disrupted them economically and destroyed their sense of identity. Thus, the Paper Belt Blue American feels visceral hatred towards the Internet for the same reason the Rust Belt Red American feels simmering anger towards China. It doesn't matter if the Internet products are many respects better than Blue American products, or if the Blue Americans are old money nepotists and the Internet guys are self-made technologists. None of that matters, because the Blue American correlates the rise of the Internet with their personal decline. Sure, the Internet might be good for Tech Americans, and for billions of people around the world, but it's bad for blues, and that's bad when blues surround you. (7) To be blunt: given that blues hate tech, it is a terrible strategic mistake to base AI in San Francisco. That is: it's just a bad idea to make billions publicly in the bluest city in the bluest state in America, with your names and faces known, talking constantly about how you're going to disrupt all these blue jobs with AI — journalists, artists, doctors, lawyers, teachers, bureaucrats — while also training your models in part on their public work, while the US dollar collapses against gold and digital gold, and while tech is seen (IMO incorrectly) to be politically predominant in DC while all this is happening. You can make excellent arguments as to why AI is globally productivity-increasing, and good for everyone in the long run, and of course I'd agree with you. You can also argue that everyone will adapt and retrain in the long run, like they did in the Industrial Revolution, and I'd agree with you on that too. Nevertheless, it is a best practice to keep the Luddite-disrupting factories out of striking range of violent Luddites. (Of course, I do have sympathy for the disrupted, as disruption sucks when you're on the other side of it. And I think we should invest in retraining and the like for social stability. But in reality, it will be simply impossible to insulate everyone given the scale of today's technological and political disruption.) (8) Anyway: you can readily move tech out of California, because tech doesn't actually make much money from California. Think about it: all these SF companies aren't making their money by selling concessions in Candlestick Park, or driving cars over the Golden Gate. They are monetizing credit card swipes in Bangalore and Budapest and Brazil. In other words, they're making money from the digital world, which is subsidizing SF. Literally trillions of wealth created on the Internet has been incinerated to prop up California Democrats. (9) Now that business model is coming to an end. The intended consequence of the California wealth tax is to enable Democrats to rob or exile their main possible competitors for political power in California, namely the technologists, before someone gets bright ideas. It is pure class warfare, tribal warfare. And in this political fight, technology must recognize it is by far the weaker tribe in California. Tech is after all composed largely of immigrants, many Chinese and Indian, many on visas, many who literally can't vote. Meanwhile, California Democrats are wokes like Gavin Newsom and Chesa Boudin, with generations of political connections. So technologists simply can't beat nepotists and Democrats in a fight for the state of California, because they don't need the state, but the Democrats do. Again: it's win-or-die for Democrats, because they need to control California to ensure that Democrats can pay all the many clients of their one-party state. (10) There's much more I can say, but perhaps the single most important point is that the Internet community did grow out of Silicon Valley, but now it's grown out of Silicon Valley. The technologist class now understands the grave consequences of failing to build political legitimacy, of failing to gain sufficient democratic strength to have some say over the land under our feet. And that's the next step. We've started new companies and new currencies. Now we need to found our own communities and cities and countries, our own startup societies and network states.

Durante el día de ayer y en la mañana de hoy hemos mantenido intercambios con altos funcionarios del Gobierno de los Estados Unidos, con miembros del Congreso, con los principales centros de pensamiento y con cámaras empresarias, con el objetivo de transmitir el apoyo inequívoco del Presidente Javier Milei a la operación llevada adelante por los Estados Unidos que culminó con la captura del dictador y narcoterrorista Nicolás Maduro. En un contexto internacional donde han abundado las posiciones ambiguas, el Presidente Milei ha sido claro, firme y coherente. Su respaldo a esta acción no es circunstancial ni responde a cálculos tácticos de corto plazo, sino que se inscribe en una visión profunda y consistente, basada en la defensa de la democracia, la libertad y los valores humanos fundamentales. Esta posición ha sido sostenida por el Presidente durante todo su mandato e incluso antes de asumir, con argumentos sólidos y bien fundamentados. No se trata de una reacción improvisada ante los acontecimientos recientes, sino de una convicción arraigada respecto de la necesidad de enfrentar sin ambigüedades a los regímenes autoritarios que socavan las instituciones democráticas y promueven el narcoterrorismo en nuestra región. El régimen encabezado por Nicolás Maduro ha representado durante años una amenaza directa a la libertad en el continente, operando como un factor de desestabilización regional mediante interferencias electorales, redes de financiamiento ilícito, vínculos con organizaciones terroristas y estrategias de infiltración política y social. Frente a ese escenario, el Presidente Milei ha elegido no mirar hacia otro lado. La captura de Maduro abre una oportunidad histórica para que Venezuela pueda recuperar la senda de la democracia y la libertad, y constituye al mismo tiempo un avance decisivo en la lucha contra el narcoterrorismo que afecta a toda la región. Estos acontecimientos marcan un punto de inflexión en defensa del orden democrático y del Estado de Derecho en el continente americano. Desde esta Embajada continuaremos trabajando activamente para explicar y defender esta posición, reafirmando que la Argentina, bajo el liderazgo del Presidente Milei, está del lado de la democracia, del Estado de Derecho y de los derechos humanos, sin ambigüedades y sin concesiones frente a la opresión. Por eso es fundamental que esta posición y los argumentos del Presidente Milei sean comunicados y difundidos ampliamente, para aportar claridad y dar luz a una causa tan compleja como decisiva: la defensa de los valores de la libertad en el continente y en el mundo. @JMilei @pabloquirno @OPRArgentina @Cancilleria_Ar @ARGinUSA @madorni

Llega diciembre y te querés ir a La Mierda? Ahora podés.

@IanArgentinoS @JMilei Extraordinario @IanArgentinoS !!! 👏👏

El de @JMilei debe ser el fenómeno barrial más raro del mundo. El Paris Economic Forum le dedicó un bloque central exclusivamente a la Argentina de Milei. El foro lo abrió el Premio Nobel de Economía 2025, Phillippe Aghion, y yo tuve el privilegio de cerrarlo contando por qué la Argentina hoy está logrando una transformación profunda sin parangón en la historia moderna.

TAL CUAL 👇👇👇

@alejandrito Extraordinario Alec!!!! 👏👏👏👏

🇦🇷 🇺🇸 Quiero compartir una gran noticia: del 9 al 11 de marzo de 2026 realizaremos el Argentina Week en Nueva York, un encuentro de altísimo nivel que reunirá a autoridades de gobierno, líderes empresariales globales, bancos, fondos de inversión y compañías de energía, minería, tecnología, infraestructura y otros sectores estratégicos que ya invierten —o evalúan invertir— en nuestro país. Esta iniciativa se da en un momento histórico y sin precedentes en la relación entre Estados Unidos y Argentina, marcada por la amistad, la confianza, la cooperación y un renovado optimismo sobre las oportunidades que presenta la Argentina del Presidente Javier Milei. El evento es organizado por la Embajada Argentina en los Estados Unidos, JP Morgan, Bank of America y Kaszek. 🗽🇦🇷 Será un hito argentino en Manhattan. La gran manzana se vestirá de celeste y blanco para mostrar al mundo el nuevo capítulo de inversión y crecimiento que estamos construyendo. @JMilei @ARGinUSA @pabloquirno @jpmorgan @BofA_News @KaszekVentures

Es el momento de dolarizar. Tenemos la oportunidad histórica de protegernos de las bombas inflacionarias del peronismo y desarmar para siempre el BCRA, instrumento de agresión permanente del Estado argentino. Podemos y debemos hacerlo. Hoy en @clarincom: clarin.com/opinion/moment…

@marcos_galperin 🫶💪🦁

Premio al talento y muy buen juego. Y también premio a la perseverancia, consistencia y sobre todo, a tener el coraje para mostrar resiliencia al fracaso todas las veces que sea necesario. Felicitaciones Newman!

Cada uno se niega a dividirse por nadie más que por sí mismo y por EL UNO. Son los rebeldes del reino de los números, incorruptibles, solitarios, impredecibles. Hay algo casi poético en ellos: no siguen un patrón aparente, y sin embargo tejen el ritmo profundo del orden matemático. Son raros y, cuanto más avanzás, más escasos se vuelven, pero nunca desaparecen. Siempre hay otro primo esperando más allá, como una estrella aún por descubrir. Los antiguos pitagóricos creían que los números tenían alma, y si eso fuera cierto, los primos serían los espíritus libres del cosmos numérico: inalcanzables, infinitos y fundamentales.

@dreidel1 @JMilei Felicitaciones Demian!!!, Y Que mejor homenaje para tu amigo el gran Matt🙏

Con este proyecto, la Argentina se convierte en un hub regional de inteligencia artificial. El liderazgo del presidente @JMilei continúa posicionando al país dentro del grupo de naciones desarrolladas. Stargate Argentina es el primer gran resultado de la agenda de inteligencia artificial del Presidente. El primer paso fue la histórica gira en Silicon Valley, y esto es apenas el comienzo. Es un honor y un privilegio haber contribuido a hacerlo realidad. Un proyecto que transformará el futuro de nuestro país. Mat Travizano fue parte esencial de esta idea desde el primer día. Su muerte, hace menos de un mes, me rompió el corazón. Este proyecto es parte de su legado ❤️ @sama

Dolarización: no es inmediata, pero podrían darse las condiciones para anunciarla, dependiendo del monto del apoyo del U.S. Treasury + multilaterales. - Milei habló sobre un plebiscito para implementarla. Yo iría más lejos e incluiría: equilibrio fiscal inquebrantable, reforma laboral, tributaria, ficha limpia y la eliminación de las jubilaciones de privilegio. Todas las reformas económicas e institucionales en una sola votación. - El equilibrio fiscal inquebrantable es probablemente el punto más importante para una dolarización exitosa. - Una dolarización puede tomar dos años, pudiendo implementarse a comienzos de un segundo mandato de JM, para que los tenedores de deuda confíen en el rumbo de la Argentina y no teman que los dólares destinados al pago de deuda compitan con los de la dolarización. - El esquema de bandas solo debería modificarse si se anuncia una dolarización. En ese caso, podría acelerarse el crawling hasta el valor final y luego congelarse hasta la dolarización. Al 1% de crawling la banda superior alcanzaría los $2.000 en abril de 2028. - El balance del BCRA es compatible con una futura dolarización: la base monetaria, a un tipo de cambio de $2.000, equivale a solo USD 20.000 MM. - La BMA fija desde hace más de un año va en línea con dolarizar, así como un nivel casi inexistente de pasivos monetarios remunerados. Si los pesos quedan fijos, todo aumento de la BMA es contra suba de reservas. - Al anunciar la dolarización y el tipo de cambio de conversión, las tasas colapsarían. - Con un nivel de encajes alto y un sistema bancario capitalizado, no habría riesgo de corrida bancaria. Los bancos deberían fondear más préstamos en el mercado de capitales. - Todo esto es viable porque hay pocos pesos y las fuentes de emisión están cerradas: la BMA es menor al 6% del PBI. - La deuda en manos de privados, tanto en USD como en ARS, es baja. Todo lo que está en manos de institucionales o multilaterales es más simple de rollear, especialmente en un contexto de superávit fiscal. - Por ahora, se sabe que el apoyo del US Treasury podría ser swsp y Stand-By Credit Line (probablemente usando DEG). Además, los fondos no necesariamente se usarían en su totalidad: el solo hecho de saber que están disponibles probablemente bastaría. También existe la opción de que el US Treasury compre bonos argentinos. Aclaro: todo esto está en el terreno de la especulación. Lo único oficial es que Milei quiere cerrar el BCRA cuando las condiciones estén dadas. Políticamente, esto sería una bomba: el fin del BCRA y de la inflación en la Argentina para siempre.

Big upside for US if Argentina makes the dollar legal tender. Enables stable coins, blocks China, and fuels growth. Argentine banks and portfolios are loaded with dollars, so no one will cry for the peso.

Economists unfamiliar with Argentina’s history, political dynamics, and the behavior of its de facto dollarized economy wave open-macroeconomy textbook prescriptions like a shaman puffing incense to scare demons away or a magician flicking a wand to pull a rabbit from a hat—as if they could ward off instability and conjure credibility. Given Argentina’s electoral calendar, letting the peso float is not a sustainable policy. No country offers stronger empirical validation of the “fear of floating” hypothesis. The reason: pervasive economic policy regime uncertainty. In countries that frequently alternate between populist (non-Ricardian) and non-populist (wannabe Ricardian) regimes, a floating FX under the latter tends to generate high real-exchange-rate volatility. This not only harms growth; it can also trigger a self-fulfilling political backlash, as it happened in 2019 and in 2025 (before the US bailout announcement). Evidence from 2019 suggests that even very small increases in the perceived probability of regime change can induce the FX to overshoot. We examine this phenomenon with @n_cachanosky in a working paper: ucema.edu.ar/documento-trab…

Es interesante lo que plantea @romanoal. Mientras el costo político de atacar el equilibrio fiscal es cero para la política, el costo de revertir una dolarización es altísimo. La historia sobre la mesa cuando se da este debate.

@ebonymystique @SenWarren You will get your personal sovereign debt (total sovereign divided by all constituents) reduced by more than $300 if Argentina Dollarizes

@EBastitta @SenWarren How would that benefit the average constituent?

First, Trump made us pay higher coffee and beef prices to support a convicted coup-plotter in Brazil. Now, he wants American taxpayers to bail out his friend Milei in Argentina. Trump should stop raising prices for Americans and giving away our money to his corrupt buddies.

@ebonymystique @SenWarren Us Dollar demand increases by Argentina’s Monetary Base (probably around 100bn once Dollarized). The US could issue such amount of US Dollars with no impact on prices, and buy back US debt, saving interests (seignorage) and reducing US debt

@EBastitta @SenWarren How?

@jpiedrah @SecScottBessent @USTreasury On the contrary, if Argentina Dollarizes its economy, US tax payers will be significantly benefited through seignorage

@SecScottBessent @USTreasury You will put at risk taxpayer's funds in an irresponsible manner lending to a serial defaulter like Argentina. Brilliant!

Argentina is a systemically important U.S. ally in Latin America, and the @USTreasury stands ready to do what is needed within its mandate to support Argentina. All options for stabilization are on the table. 1/4

@PaulHandley2 @SecScottBessent @USTreasury If Argentina Dollarizes it’s economy, US tax payers will benefit significantly through seignorage

@SecScottBessent @USTreasury US taxpayers now bailing out floundering Argentina just a few months after Trump admin declared Argentine President a genius who saved its economy

@quicksnark @SecScottBessent @USTreasury It is key that Argentina Dollarizes, which will not only benefit Argentina, but also US tax payers through seignorage

@SecScottBessent @USTreasury Thank you. Supporting allies is good policy. It's clear that eventually Argentina will need to eliminate the peso and dollarize its economy, everything possible should be done to aid and accelerate that process. 🇦🇷🤝🇺🇸