US Politics on Yik Yak | Good job magats, this will surely reduce our deficit

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Good job magats, this will surely reduce our deficit

89 upvotes, 3 comments. Yik Yak image post by Anonymous in US Politics. "Good job magats, this will surely reduce our deficit"

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Anonymous 6d

It’s coming from the Exchange Stabilization Fund so idk if it has an impact on the deficit. But you can argue that it’s taxpayer money. It was established after the gold standard was dropped and government made it a crime to hold more than a certain amount of gold. The government devalued the dollar but held a ton of gold, so when they changed it from $20.67/oz to $35/oz, they basically made a profit

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Anonymous 5d

Why tf we bailing out Argentina?

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Anonymous

#3 5d

Partially (probably) because Bessent’s friends invested there. And partially because this admin loves Milei and thought his economic plans would work

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