Economy

The effect hasn't fully sunk in yet, because December (as you know) is Christmas Bonus month in Argentina.

Normally, Argentines use this bonus to deflect their upcoming vacation expenses - or at the very least pay off bills from previous months.

Not this time.

Milei's hyperinflation (Mi-perinflation?) has pretty much devoured this year's X-mas bonus.

And, as you alluded to, for nothing - because there's no way he can find the 50+ billion of dollars needed to fairly compensate everyone's pesos (even at the new, devalued rate!).

How do I know? Because his money-laundering Economy Minister Luis Caputo went to Wall Street, hat in hand, to beg for $30 billion - and he got nothing (other than little pats on the head, and lunch with Clinton - paid for by an Argentine billionaire).

Suffice it to say, as quickly as real wages are now plunging - and with mass layoffs now in the horizon - he might not last beyond March or so.

Much less, long enough to impose his pipe dreams.

Here's more footage from the cacerolazos - which are politically meaningful, because they're usually associated with the very kind of right-leaning, middle-class voters that were key to Milei's victory to begin with.

(so you can imagine how more left-leaning, working-class voters feel)